Harbour Long Short Fund

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Not Mindful
Type: Conservative fund
Past Returns: *12.30%

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

Annual Fees: 3.28%

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

Genesis Energy Limited 20/07/2022 1.32% 0.09%
Rio Tinto Limited 2.62%

Gambling

Aristocrat Leisure Limited 1.74%

Human Rights & Environmental Violations

Rio Tinto Limited 2.62%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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, 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 8.21% 20.16%
2020 -0.29% 4.45%

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 March 31st 2021.

Showing the top 10 investments for this fund:

  • ANZ NZD Cash
    New Zealand Cash and Equivalents
    49.05%
  • Macquarie Margin AUD Cash
    Australia Cash and Equivalents
    22.13%
  • Mainfreight Limited
    New Zealand Australasian Equities
    2.45%
  • Macquarie Group Limited
    Australia Australasian Equities
    2.42%
  • My Food Bag Group Limited
    New Zealand Australasian Equities
    2.4%
  • Summerset Group Ltd
    New Zealand Australasian Equities
    2.31%
  • Ebos Group Limited Ordinary Shares
    New Zealand Australasian Equities
    2.12%
  • CSL Limited
    Australia Australasian Equities
    2.09%
  • Kathmandu Holdings Limited
    New Zealand Australasian Equities
    1.98%
  • Harvey Norman Holdings Limited
    Australia Australasian Equities
    1.97%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 70.0% 71.16%
New Zealand Fixed Interest 0.0% 5.51%
International Fixed Interest 0.0% 0.0%
Australasian Equities 30.0% 23.34%
International Equities 0.0% 0.0%
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 March 31st 2021.

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:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    2.71%
  • Gambling:
    1.74%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.62%
  • 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 Wed Sept. 30th 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, Sustainalytics 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 Fund is an actively managed high conviction portfolio investing principally in ‘long’ and ‘short’ listed Australasian equities."

Value $5.6M NZD
Period of data report Wed March 31st 2021
Fund started Thu Jan. 3rd 2019
Total annual fund fees 3.28%
Total performance based fees 0.76%
Manager's basic fee 1.12%
Administration charges 1.4%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Craig Stent

Currently: Portfolio Manager & Research Anaylst Director (11 years, 3 months)
Previously: Alliance Bernstein Research Analyst (7 years, 3 months)

Oyvinn Rimer

Currently: Director Senior Research Analyst (11 years, 3 months)
Previously: Research Analyst Alliance Bernstein (2 years, 3 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

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.