Issues of concern

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.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Contact Energy Ltd 3.59% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd 1.16%
    • Channel Infrastructure NZ Lt 0.70%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2023 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.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

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.

About this fund

The Income 28 Fund is suited to investors who seek moderate income-driven returns on average over medium-term periods (four years plus), allowing for some shorter-term ups and downs. We aim to achieve this by investing mainly in income assets (with a focus on corporate credit), while including some relatively high dividend-paying growth assets, predominantly listed or issued in New Zealand. The Fund is intended as a moderate risk fund, designed to complement a broader portfolio.

Value $15.4M NZD
Period of data report 30th Sept. 2023
Fund started 31st May 2015
Total annual fund fees 1.04%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

Nic Craven

Currently: Chief Investment Officer, Booster Financial Services Limited (2 years, 2 months)
Previously: Senior Manager - Research, Booster Financial Services Limited (3 years, 2 months)

Brendon Doyle

Currently: Director of Direct Investments, Booster Financial Services Limited (6 years, 8 months)
Previously: Deputy Secretary, Financial Operations, New Zealand Treasury (1 years, 1 months)

David Beattie

Currently: Chair of the Investment Committee, Booster Investment Management Limited (4 years, 7 months)
Previously: CIO, Booster Financial Services Limited (17 years, 6 months)

Aaron Usher

Currently: Portfolio Strategy Manager, Booster Financial Services Limited (2 years, 2 months)
Previously: Portfolio Manager - Australasian Equities, Booster Financial Services Limited (3 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.

Past Returns

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
2023 -1.56% -2.4%
2022 -0.95% -0.59%
2021 8.70% 13.2%
2020 0.08% -4.34%
2019 4.31% 7.38%
2018 3.39% 2.82%
2017 3.28% 3.45%

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 30th Sept. 2023.

Top 10 Investments

  • Secured Loan To Booster KiwiSaver Scheme Geared Growth Fund
    New Zealand NZ Fixed Interest
    10.62%
  • Kimihia Senior Loan Facility 06/05/2027
    New Zealand NZ Fixed Interest
    5.18%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    3.59%
  • Contact Energy Limited
    New Zealand Australasian Equities
    3.59%
  • Kiwi Property Group Limited 2.85% 19/07/2028
    New Zealand NZ Fixed Interest BBB+
    3.53%
  • Powerco 6.397% 7/03/2030
    New Zealand NZ Fixed Interest BBB
    3.5%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents A-1+
    3.2%
  • Argosy Property Limited Green Bonds 2.9% 29/10/2026
    New Zealand NZ Fixed Interest
    3.16%
  • Investore Property Limited 4% 25/02/2027
    New Zealand NZ Fixed Interest
    3.1%
  • Contact Energy Bond 5.82% 11/04/2028
    New Zealand NZ Fixed Interest BBB
    3.06%
Type Target Actual
Cash and Cash Equivalents 1.0% 3.17%
New Zealand Fixed Interest 53.0% 69.77%
International Fixed Interest 18.0% 0.0%
Australasian Equities 28.0% 22.98%
International Equities 0.0% 0.0%
Listed Properties 0.0% 4.08%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.