Pathfinder Global Water Fund

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Mindful Fund

Fund type: Growth fund

Past Returns: 11.71%

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

Annual Fees: 1.3%

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.

This fund has no investments in issues of concern


This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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
2022 1.53% 4.05%
2021 32.66% 32.63%
2020 -4.45% -1.56%
2019 6.15% 7.39%
2018 8.66% 4.84%
2017 7.20% 9.73%
2016 5.40% 5.39%
2015 12.09% 6.78%
2014 9.56% 19.94%
2013 13.67% 10.73%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Cash At Bank - NZD - Westpac
    New Zealand Cash and Equivalents AA-
    11.302%
  • Roper Industries Inc
    United States International Equities
    4.5497%
  • Danaher Corp
    United States International Equities
    4.3592%
  • Geberit AG-Reg
    Switzerland International Equities
    3.9619%
  • Ferguson PLC
    United Kingdom International Equities
    3.8389%
  • Pentair Inc
    United States International Equities
    3.7786%
  • American Water Works Co Inc
    United States International Equities
    3.7348%
  • Spirax-Sarco Engineering PLC
    United Kingdom International Equities
    3.2887%
  • Xylem Inc
    United States International Equities
    3.132%
  • Veolia Environnement
    France International Equities
    2.7897%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 11.9612%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 3.7798%
International Equities 100.0% 84.2589%
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 Thu March 31st 2022.

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:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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 Fund invests in listed water companies. Water companies cover a wide range of activies, including water utilities, filtration, monitoring technology and the manufacture of pumps, pipes and irrigation equipments. Pathfinder is a boutique fund manager based in Auckland. We started investing ethically in 2010, and now manage 8 Funds, with our research and expertise focused on investing responsibly and ethically in global markets. We seek out companies actively making a positive difference and believe these kinds of companies also make better long-term financial investments. Investing ethically to us means making conscious choices for doing good with the money we manage. We want our investors to both do good and do well."

Value $60M NZD
Period of data report Thu March 31st 2022
Fund started Wed April 21st 2010
Total annual fund fees 1.3%
Total performance based fees 0.0%
Manager's basic fee 1.3%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

John Berry

Currently: CEO (13 years, 0 months)
Previously: Deutsche Bank - Consultant (4 years, 9 months)

Paul Brownsey

Currently: CIO (13 years, 0 months)
Previously: Deutsche Bank - Director (5 years, 0 months)

James Caughey

Currently: Investment Strategist (4 years, 7 months)
Previously: Senior Research Analyst - NZAM (6 years, 0 months)

Nish Vyas

Currently: Director of Private Wealth (2 years, 2 months)
Previously: Senior Private Banker - BNZ (4 years, 0 months)

Kent Fraser

Currently: Chair of Investment Committee (5 years, 6 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

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.