Ioof Diversified 60 Fund

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Not Mindful
Type: Balanced fund
Past Returns: 1.02%

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

Annual Fees: 1.22%

Annual fees, including any membership and % management 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

Aes Corp 0.01%
Agl Energy Ltd 0.09%
Ameren Corp 0.01%
American Electric Power Company Inc 0.02%
Anglo American PLC 0.03%
Apa Group 0.11%
Beach Energy Ltd 0.08%
BHP Group Limited Ordinary Fully Paid 0.70%
BHP Group PLC 0.03%
BP P.L.C 0.10%
Caltex Australia Ltd 0.10%
Canadian Natural Resources 0.04%
Chevron Corp 0.15%
China Petroleum & Chemical 0.02%
China Shenhua Energy Company Limited 0.01%
Cms Energy Corp 0.01%
Cnooc Ltd 0.02%
Conocophillips 0.06%
Cooper Energy Limited 0.01%
Dominion Energy Inc 0.03%
Dte Energy Co USD 0.01%
Enbridge Inc 0.02%
Engie Aug5 0.02%
Eni Spa 0.03%
Eog Resources Inc 0.03%
Equinor Asa 0.02%
Evergy Inc Com Npv 0.01%
Exxon Mobil Corporation 0.15%
Firstenergy Corp USD 0.01%
Glencore PLC 0.03%
Hess Corp 0.02%
Hollyfrontier Corp Com 0.02%
Jxtg Holdings Inc 0.01%
Lyondellbasell Industries 0.03%
Marathon Petrol Com 0.02%
Nextera Energy Inc 0.06%
Oao Gazprom Spon Adr Reg S 0.01%
Occidental Petroleum Corp 0.01%
Oil Search Limited 0.03%
Origin Energy Limited 0.07%
Petrochina Co Ltd H 0.02%
Phillips 66 Com Usd0.01 0.02%
Pioneer Natural Resources Co 0.02%
Ptt Public Company Thb1 Alien 0.02%
Royal Dutch Shell PLC - A Shares 0.11%
Royal Dutch Shell PLC-B Shs 0.09%
Santos Limited 0.13%
South32 Limited Ordinary Fully Paid 0.08%
Suncor Energy Inc 0.05%
Tenaga Nasional Berhad 0.01%
Total SA 0.20%
Valero Energy Corp 0.04%
Viva Energy Group Ordinary Fully Paid Deferred Settlement 0.01%
Wec Energy Group Inc 0.02%
Whitehaven Coal Ltd 0.07%
Woodside Petroleum Ltd 0.17%
Xcel Energy Inc 0.02%

Weapons

Aecom 0.02%
Airbus Se 0.04%
Austal Limited 0.04%
Boeing Co Com US$5 0.05%
Bwx Technologies I Com 0.01%
Caci International Inc - Class A 0.02%
Curtiss-Wright Corp 0.02%
General Dynamics Corp 0.05%
Honeywell International Inc 0.09%
Huntington Ingalls Industries Inc 0.02%
Jacobs Engineering Group Inc 0.02%
Lockheed Martin Corp Com Stk Usd0.01 0.05%
Northrop Grumman Corp 0.05%
Oshkosh Corporation 0.03%
Raytheon Company 0.04%
Rheinmetall AG 0.01%
Safran SA 0.03%
Teledyne Technologies Inc 0.01%
Textron Inc 0.01%
Transdigm Group Inc 0.02%

Tobacco

Gambling

Aristocrat Leisure Ltd 0.08%
Crown Resorts Limited 0.07%
Jumbo Interactive Limited 0.01%
Tabcorp Holdings Ltd 0.06%
The Star Entertainment Group Limited 0.04%

Adult Entertainment/Pornography

Alcohol

Anheuser Busch Inbev SA Nv 0.01%
Asahi Group Holdings Ltd 0.01%
Brown Forman Corp 0.02%
Carlsberg As - B 0.02%
Constellation Brands Inc-A 0.03%
Diageo Ord 28 101/108P 0.05%
Graincorp Limited 0.02%
Heineken Nv 0.01%
Kirin Holdings Co Ltd 0.01%
LVMH Moet Hennessy Vuitton Se 0.07%
Metcash Limited 0.09%
Pernod-Ricard SA 0.01%
Treasury Wine Estates Limited 0.06%

Palm Oil

GMOs

Basf Se 0.03%
Bayer AG 0.04%
Dupont De Nemours Inc 0.02%
Novartis AG - Chf0.50 (Regd) 0.20%
Nufarm Limited 0.05%
Nutrien Ltd Com Npv 0.02%
Stora Enso Oyj-R Shs 0.01%

Human Rights & Environmental Violations

Archer Daniels Midland Co Com Stk Npv 0.03%
Barrick Gold Corp 0.01%
BHP Group Limited Ordinary Fully Paid 0.70%
BHP Group PLC 0.03%
Bunge Limited 0.02%
Chevron Corp 0.15%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.03%
Glencore PLC 0.03%
Johnson & Johnson Com US$1 0.33%
Kbr Inc 0.02%
Nestle SA 0.32%
Nutrien Ltd Com Npv 0.02%
Petrochina Co Ltd H 0.02%
Rio Tinto Limited 0.30%
Rio Tinto PLC Ord 10P Gbp 0.05%
Royal Dutch Shell PLC - A Shares 0.11%
Royal Dutch Shell PLC-B Shs 0.09%
Sempra Energy USD 0.02%
Vale SA 0.04%

Animal Testing

Air Liquide 0.060%
Albermarle Corp 0.010%
Archer Daniels Midland Co Com Stk Npv 0.030%
Arkema 0.010%
Basf Se 0.030%
Bayer AG 0.040%
Chevron Corp 0.150%
Clorox Co Del 0.020%
Coca Cola Amatil Limited 0.090%
Coca Cola Co USD 0.120%
Colgate Palmolive Usd1 0.010%
Danone 0.020%
Ecolab Ltd 0.020%
Estee Lauder Companies 0.030%
Fmc Corp 0.010%
General Mills Inc 0.040%
Givaudan - Reg 0.020%
Glaxosmithkline PLC 0.100%
Honeywell International Inc 0.090%
Intl Flavors & Fragrances USD 0.020%
Johnson & Johnson Com US$1 0.330%
Kao Corporation Jpy50 0.030%
Kimberly Clark Corp Com Usd1.25 0.020%
Koninklijke Dsm Nv 0.020%
Kraft Heinz Co Com Usd0.01 0.010%
L'Oreal 0.020%
Lanxess 0.010%
LVMH Moet Hennessy Vuitton Se 0.070%
Mitsui Chemicals Inc 0.010%
Nestle SA 0.320%
Orica Limited 0.050%
Pepsico Inc Cap US$0.01 2/3 0.130%
PPG Industries Inc 0.010%
Procter & Gamble Company 0.220%
Reckitt Benckiser Group PLC 0.020%
Royal Dutch Shell PLC - A Shares 0.110%
Royal Dutch Shell PLC-B Shs 0.090%
Shiseido Company Limited Jpy50 0.020%
Solvay SA Belgian Bef 0.010%
Unilever Nv Eur0.16 0.030%
Unilever PLC 0.040%
Walgreens Boots Al Com Usd0.01 0.050%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

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
2020 -2.86% -4.45%
2019 4.44% 3.23%
2018 4.90% 4.28%
2017 5.60% 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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Dimensional Five-Year Diversified Fixed Interest Trust NZD Class
    Australia Int Fixed Interest
    29.31%
  • BNZ Cash Account
    New Zealand Cash and Equivalents AA-
    8.62%
  • Apple Inc
    United States International Equities
    1.37%
  • Microsoft Corp
    United States International Equities
    1.21%
  • BHP Group Limited
    Australia Australasian Equities
    0.86%
  • Commonwealth Bank Of Australia
    Australia Australasian Equities
    0.85%
  • Amazon Com Inc
    United States International Equities
    0.79%
  • CSL Limited
    Australia Australasian Equities
    0.77%
  • Jp Morgan Chase & Co
    United States International Equities
    0.45%
  • Facebook Inc
    United States International Equities
    0.41%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 8.62%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 30.0% 29.31%
Australasian Equities 15.0% 16.59%
International Equities 45.0% 45.48%
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 Tue June 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:
    0.01%
  • Alcohol:
    0.48%
  • Animal Testing:
    2.72%
  • Fossil Fuels:
    3.83%
  • Gambling:
    0.37%
  • GMOs:
    0.38%
  • Human Rights & Environmental Violations:
    2.41%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.03%
  • Weapons:
    0.73%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

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 in a manner consistent with the guiding principles of IOOF QuantPlus and with a slight bias towards growth assets."

Value $410M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Thu May 19th 2011
Total annual fund fees 1.22%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Administration charges 0.62%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Dan Farmer

Currently: Chief Investment Officer (IOOF Holdings Ltd) (2 years, 11 months)
Previously: Portfolio Equities (7 years, 0 months)

Alun Rees-Williams

Currently: General Manager Distribution and Director at Britannia Financial Services Ltd (19 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 (4 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 (4 years, 4 months)
Previously: Managing Director at Dell Consulting Ltd (current position) (6 years, 4 months)

Michael Pipe

Currently: General Manager - Integral Master Trust (0 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 Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.