Booster Income 28 Fund

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Not Mindful
Type: Conservative fund
Past Returns: 1.95%

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

Annual Fees: 1.04%

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

Genesis Energy 5.81% 8/03/2023 3.18%
Genesis Energy Limited 1.48%

Gambling

Sky City Entertainment Group Ltd 0.57%

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.

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
2020 -0.18% -4.34%
2019 4.54% 7.38%
2018 3.22% 2.82%
2017 3.53% 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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • Secured Loan To The Booster KiwiSaver Scheme Geared Growth Fund
    New Zealand NZ Fixed Interest
    4.85%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    3.64%
  • Vector Limited 4.996% 14/03/2024
    New Zealand NZ Fixed Interest BBB
    3.38%
  • Genesis Energy 5.81% 8/03/2023
    New Zealand NZ Fixed Interest BBB+
    3.18%
  • Auckland International Airport 3.97% 02/11/2023
    New Zealand NZ Fixed Interest A-
    3.09%
  • Air New Zealand 4.25% 28/10/2022
    New Zealand NZ Fixed Interest
    3.08%
  • NZ Cash (BNZ Bank Trust Account)
    New Zealand Cash and Equivalents AA-
    3.05%
  • Heartland Bank Fixed Rate Mtn 4.50% 21/09/2022
    New Zealand NZ Fixed Interest BBB
    3.01%
  • Chorus Limited 4.12% 06/05/2021 Bond
    New Zealand NZ Fixed Interest BBB
    2.98%
  • Powerco 4.67% 15/11/2024
    New Zealand NZ Fixed Interest BBB
    2.62%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 6.89%
New Zealand Fixed Interest 53.0% 64.4%
International Fixed Interest 18.0% 0.0%
Australasian Equities 28.0% 25.19%
International Equities 0.0% 0.0%
Listed Properties 0.0% 3.52%
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 Sept. 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:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    4.66%
  • Gambling:
    0.57%
  • 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 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 Income 28 Fund invests mainly in income assets but includes some high dividend-paying growth assets. It is suited to investors looking for a low to medium level of risk and are willing to accept a moderate level of returns."

Value $24M NZD
Period of data report Wed Sept. 30th 2020
Members 166
Fund started Sun May 31st 2015
Total annual fund fees 1.04%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

David Beattie

Currently: Principal Booster Financial Services Limited (2 years, 4 months)
Previously: CIO Booster Financial Services Limited (17 years, 6 months)

Nic Craven

Currently: Senior Manager - Research Booster Financial Services Limited (2 years, 4 months)
Previously: Research Manager Booster Financial Services Limited (4 years, 2 months)

Allan Yeo

Currently: Managing Director Booster Financial Services Limited (22 years, 4 months)
Previously: Associate Director Barclays Bank plc (2 years, 0 months)

Rowan Calvert

Currently: Portfolio Manager - Global Equities Booster Financial Services Limited (2 years, 11 months)
Previously: Senior Equity Analyst Booster Financial Services Limited (7 years, 4 months)

Aaron Usher

Currently: Portfolio Manager - Australasian Equities Booster Financial Services Limited (2 years, 11 months)
Previously: Equity Analyst Booster Financial Services Limited (5 years, 9 months)

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