Integral Master Trust Diversified 60 Fund

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Type: Balanced fund
Past Returns: 6.90%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.21%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Alleghany Corporation 0.02%
Anglo American PLC 0.03%
Apa Group 0.09%
BHP Group Limited Ordinary Fully Paid 0.73%
BHP Group PLC 0.04%
BP P.L.C 0.03%
Beach Energy Ltd 0.11%
Cabot Corporation 0.01%
Cabot Oil and Gas Corp 0.01%
Canadian Natural Resources 0.05%
Cenovus Energy Inc Com Npv 0.01%
Chevron Corp 0.12%
China Petroleum & Chemical 0.02%
Cimarex Energy Co 0.01%
Ck Hutchison Holdings Ltd 0.02%
Coca Cola Amatil Limited 0.14%
Coca Cola Co USD 0.11%
Conocophillips 0.10%
Devon Energy Corporation 0.02%
Diamondback Energy Inc 0.02%
Dominion Energy Inc 0.02%
Enbridge Inc 0.02%
Eneos Holdings Inc 0.01%
Engie Aug5 0.02%
Eni Spa 0.01%
Eog Resources Inc 0.03%
Equinor Asa 0.02%
Equinor Asa 0.875000% 02/17/2023 0.10%
Equinor Asa 1.750000% 01/22/2026 0.03%
Exxon Mobil Corporation 0.14%
Glencore PLC 0.03%
Hess Corp 0.03%
Hollyfrontier Corp Com 0.01%
Inpex Corporation 0.01%
Itochu Corp Jpy 0.03%
Karoon Energy Ltd Ordinary Fully Paid 0.01%
Loews Corp 0.01%
Lyondellbasell Industries 0.04%
Marathon Oil Corp 0.01%
Marathon Petrol Com 0.03%
Mitsubishi Corp Y50 0.02%
Mitsui & Co Ltd Jpy 0.02%
Nippon Yusen Kk 0.01%
Occidental Petroleum Corp 0.02%
Oil Search Limited 0.06%
Oneok Inc 0.03%
Origin Energy Limited 0.05%
Pembina Pipeline 0.01%
Petroleo Brasileiro Petrobras SA 0.02%
Phillips 66 Com Usd0.01 0.03%
Pioneer Natural Resources Co 0.04%
Posco 0.01%
Ptt Public Company Thb1 Alien 0.02%
Public Service Enterprise Group Inc 0.01%
Repsol SA 0.01%
Royal Dutch Shell PLC-B Shs 0.11%
Santos Limited 0.22%
Senex Energy Limited 0.01%
Sk Innovation 0.01%
South32 Limited Ordinary Fully Paid 0.07%
Sumitomo Corp Jpy 0.01%
Suncor Energy Inc 0.03%
Tc Energy Corp 0.02%
Total Capital Canada Ltd 1.125000% 03/18/2022 0.07%
Total Capital Intl SA 2.125000% 03/15/2023 0.18%
Total Capital Intl SA 2.125000% 11/19/2021 0.01%
Total Capital Intl SA 2.875000% 02/17/2022 0.11%
Total Capital Intl SA 4.250000% 11/26/2021 0.05%
Total Se 0.15%
Vale SA 0.06%
Valero Energy Corp 0.03%
Viva Energy Group Ordinary Fully Paid Deferred Settlement 0.04%
Whitehaven Coal Ltd 0.03%
Williams Companies Inc 0.03%
Woodside Petroleum Ltd 0.13%

Weapons

Airbus Se 0.04%
Amphenol Corp Cl A 0.03%
Austal Limited 0.03%
Boeing Co Com US$5 0.06%
Caci International Inc - Class A 0.02%
Curtiss-Wright Corp 0.01%
General Dynamics Corp 0.05%
Hexcel Corp 0.01%
Honeywell International Inc 0.09%
Howmet Aerospace I Com USD 0.01%
Huntington Ingalls Industries Inc 0.01%
Jacobs Engineering Group Inc 0.03%
L3 Harris Technolocom 0.03%
Lockheed Martin Corp Com Stk Usd0.01 0.04%
Mitsubishi Heavy Industries Ltd 0.02%
Northrop Grumman Corp 0.03%
Olin Corp 0.01%
Oshkosh Corporation 0.03%
Raytheon Technolog Com 0.07%
Rheinmetall AG 0.01%
Safran SA 0.03%
Teledyne Technologies Inc 0.01%
Textron Inc 0.02%
Transdigm Group Inc 0.02%
Woodward Inc 0.01%

Tobacco

Casey'S General Stores Inc 0.03%
Seven & I Holdings Co Ltd 0.02%

Gambling

Aristocrat Leisure Ltd 0.11%
Crown Resorts Limited 0.06%
Jumbo Interactive Limited 0.02%
Mgm Resorts International 0.01%
Tabcorp Holdings Ltd 0.07%
The Star Entertainment Group Limited 0.05%
Wynn Resorts Ltd 0.01%

Adult Entertainment/Pornography

Mgm Resorts International 0.01%

Alcohol

Anheuser Busch Inbev SA Nv 0.02%
Asahi Group Holdings Ltd 0.01%
Boston Beer Company Inc 0.02%
Brown Forman Corp 0.02%
Carlsberg As - B 0.01%
Coca Cola Amatil Limited 0.14%
Constellation Brands Inc-A 0.03%
Diageo Ord 28 101/108P 0.05%
Graincorp Limited 0.03%
Heineken Nv 0.01%
LVMH Moet Hennessy Vuitton Se 0.10%
Metcash Limited 0.10%
Pernod-Ricard SA 0.01%
Treasury Wine Estates Limited 0.04%

Palm Oil

Posco 0.01%

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Archer Daniels Midland Co Com Stk Npv 0.02%
BHP Group Limited Ordinary Fully Paid 0.73%
BHP Group PLC 0.04%
Barrick Gold Corp 0.01%
Bayer AG 0.03%
Bunge Limited 0.01%
Chevron Corp 0.12%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.02%
Formosa Chemicals & Fibre Corporation 0.01%
Formosa Plastics Corporation 0.01%
Freeport Mcmoran Inc 0.02%
Glencore PLC 0.03%
Grupo Mexico Sab De Cv-Ser B 0.01%
Johnson & Johnson Com US$1 0.30%
Kbr Inc 0.02%
Motorola Solutions Inc 0.02%
Nestle Finance Intl Ltd 0.750000% 05/16/2023 0.03%
Nestle Finance Intl Ltd 0.750000% 11/08/2021 0.04%
Nestle SA 0.24%
Petroleo Brasileiro Petrobras SA 0.02%
Posco 0.01%
Rio Tinto Limited 0.22%
Rio Tinto PLC Ord 10P Gbp 0.06%
Royal Dutch Shell PLC-B Shs 0.11%
Sempra Energy USD 0.02%
Vale SA 0.06%

Animal Testing

Air Liquide 0.040%
Akzo Nobel Nv Eur0.50 0.010%
Albermarle Corp 0.020%
Archer Daniels Midland Co Com Stk Npv 0.020%
Arkema 0.020%
Asahi Group Holdings Ltd 0.010%
Axalta Coating Systems Ltd 0.010%
Basf Se 0.030%
Bayer AG 0.030%
Burberry Group PLC 0.010%
Cabot Corporation 0.010%
Cabot Oil and Gas Corp 0.010%
Celanese Corp Series A 0.030%
Chevron Corp 0.120%
Clorox Co Del 0.010%
Coca Cola Amatil Limited 0.140%
Coca Cola Co USD 0.110%
Corteva Inc 0.020%
Covestro AG 0.020%
Danone 0.020%
Dow Inc 0.040%
Dupont De Nemours Inc 0.020%
Eastman Chemical Com 0.030%
Ecolab Ltd 0.010%
Entegris Inc 0.020%
Estee Lauder Companies 0.030%
Fmc Corp 0.010%
Formosa Chemicals & Fibre Corporation 0.010%
Formosa Plastics Corporation 0.010%
Fuji Film Holdings Corp 0.010%
General Mills Inc 0.030%
Givaudan - Reg 0.020%
Glaxosmithkline PLC 0.050%
Hollyfrontier Corp Com 0.010%
Honeywell International Inc 0.090%
Huntsman Corporation 0.010%
Ingersoll Rand Inc 0.020%
Ingredion Inc Com USD 0.01 0.020%
Intl Flavors & Fragrances USD 0.050%
Johnson & Johnson Com US$1 0.300%
Kao Corporation Jpy50 0.020%
Kellogg Company 0.020%
Keurig Dr Pepper Inc 0.010%
Kimberly Clark Corp Com Usd1.25 0.010%
Koninklijke Dsm Nv 0.020%
Kraft Heinz Co Com Usd0.01 0.020%
L'Oreal 0.030%
LVMH Moet Hennessy Vuitton Se 0.100%
Lanxess 0.010%
Lg Household Health Care 0.010%
Linde PLC 0.030%
Linde PLC Com 0.050%
Lyondellbasell Industries 0.040%
Mondelez International Inc 0.040%
Nan Ya Plastics Corp 0.020%
Nestle Finance Intl Ltd 0.750000% 05/16/2023 0.030%
Nestle Finance Intl Ltd 0.750000% 11/08/2021 0.040%
Nestle SA 0.240%
Nufarm Limited 0.040%
Nutrien Ltd Com Npv 0.020%
Olin Corp 0.010%
Orica Limited 0.070%
PPG Industries Inc 0.020%
Pepsico Inc Cap US$0.01 2/3 0.110%
Procter & Gamble Company 0.190%
Pvh Corp Com Usd1.00 0.020%
Reckitt Benckiser Group PLC 0.020%
Royal Dutch Shell PLC-B Shs 0.110%
Rpm International Inc 0.010%
Seven & I Holdings Co Ltd 0.020%
Sherwin Williams Com Usd1 0.020%
Shin-Etsu Chem Co Y50 0.020%
Sk Innovation 0.010%
Solvay SA Belgian Bef 0.010%
Tapestry Inc Com Usd0.01 0.010%
Tate & Lyle PLC Gbp 0.010%
Unilever PLC 0.060%
Xerox Hldgs Corp Com Usd1.00 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2021 17.44% 21.92%
2020 -2.28% -4.45%
2019 4.43% 3.23%
2018 4.41% 4.28%
2017 5.71% 9.5%
2016 3.06% 1.74%
2015 8.56% 10.46%
2014 6.13% 4.8%
2013 8.77% 5.82%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed June 30th 2021.

Showing the top 10 investments for this fund:

  • Dimensional Five-Year Diversified Fixed Interest Trust NZD Class
    Australia Int Fixed Interest
    28.06%
  • BNZ Cash Account
    New Zealand Cash and Equivalents AA-
    9.64%
  • Apple Inc
    United States International Equities
    1.5%
  • Microsoft Corp
    United States International Equities
    1.44%
  • Facebook In Com USD Cl A
    United States International Equities
    0.93%
  • ANZNZ Term Deposit 0.80%
    New Zealand Cash and Equivalents
    0.72%
  • ANZNZ Term Deposit 0.80%
    New Zealand Cash and Equivalents
    0.69%
  • Amazon Com Inc
    United States International Equities
    0.67%
  • Unitedhealth Group Inc Com
    United States International Equities
    0.57%
  • Jp Morgan Chase & Co
    United States International Equities
    0.53%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed June 30th 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 9.64%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 30.0% 28.06%
Australasian Equities 0.0% 11.41%
International Equities 60.0% 50.89%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed June 30th 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.02%
  • Alcohol:
    0.67%
  • Animal Testing:
    3.50%
  • Fossil Fuels:
    4.54%
  • Gambling:
    0.44%
  • GMOs:
    0.03%
  • Human Rights & Environmental Violations:
    2.35%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.08%
  • Weapons:
    0.91%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The Diversified 60 Fund is a diversified fund providing a consistent exposure to the cash fixed interest and shares asset classes using both qualitative and quantitative investment techniques and with a slight bias towards growth assets."

Value $91M NZD
Period of data report Wed June 30th 2021
Fund started Thu May 19th 2011
Total annual fund fees 1.21%
Total performance based fees 0.0%
Manager's basic fee 0.59%
Other management and administration charges 0.62%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Elaine West

Currently: Financial Controller at Britannia Financial Services Ltd (3 years, 11 months)
Previously: Financial Controller at NZ Venture Investment Fund (8 years, 5 months)

Alun Rees-Williams

Currently: General Manager Distribution and Director at Britannia Financial Services Ltd (20 years, 8 months)
Previously: Administration Manager at David Milner and Associates (9 years, 0 months)

Gavin Dixon

Currently: Chief Executive Officer and Director at Britannia Financial Services Ltd (5 years, 6 months)
Previously: Chief Executive Officer at Stream Holdings Group (0 years, 6 months)

Gregg Dell

Currently: General Manager of Wealth Products and General Counsel at Britannia Financial Services Ltd (5 years, 4 months)
Previously: Managing Director at Dell Consulting Ltd (current position) (7 years, 4 months)

Michael Pipe

Currently: General Manager - Operations at Britannia Financial Services Ltd (1 years, 2 months)
Previously: Operations Manager at IOOF New Zealand Limited (9 years, 7 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed June 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.