Funds
Booster Corporate Bond Fund
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.
This fund has no investments in issues of concern
Key:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies 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 31st March 2024 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
In their own words
The Corporate Bond Fund is suited to investors who seek an enhanced return to bank term deposits on average over medium term periods, whilst accepting a different risk and allowing for some short term movements up and down. We aim to achieve this by investing entirely in income assets, such as corporate bonds or other fixed interest securities issued by New Zealand and Global companies.
| Value | $3.16M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 31st May 2015 |
| Total annual fund fees | 0.84% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.8% |
| Other management and administration charges | 0.04% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Nic Craven |
Currently: Chief Investment Officer, Booster Financial Services Limited (2 years, 11 months) |
|
David Beattie |
Currently: Chair of the Investment Committee, Booster Investment Management Limited (5 years, 4 months) |
|
Aaron Usher |
Currently: Portfolio Strategy Manager, Booster Financial Services Limited (2 years, 11 months) |
|
Karan Bir Mohindra |
Currently: Fixed Interest & Currency Analyst, Booster Financial Services Limited (0 years, 7 months) |
|
Adam Payne |
Currently: Research Analyst, Booster Financial Services Limited (2 years, 0 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.
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 |
|---|---|---|
| 2024 | 3.59% | 4.49% |
| 2023 | -0.79% | 0.2% |
| 2022 | -2.46% | -2.84% |
| 2021 | 2.15% | 3.31% |
| 2020 | 1.75% | 1.37% |
| 2019 | 2.76% | 3.41% |
| 2018 | 1.94% | 2.59% |
| 2017 | 1.52% | 1.88% |
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 June 2024.
Top 10 Investments
-
Secured Loan To Booster KiwiSaver Scheme Geared Growth Fund
New Zealand NZ Fixed Interest15.6% -
Kimihia Senior Loan Facility 06/05/2027
New Zealand NZ Fixed Interest7.6% -
Infratil Infrastructure Bonds 7.06% 17/12/2031
New Zealand NZ Fixed Interest7.07% -
Powerco 6.397% 7/03/2030
New Zealand NZ Fixed Interest BBB5.47% -
Argosy Property Limited Green Bonds 2.9% 29/10/2026
New Zealand NZ Fixed Interest4.9% -
Investore Property Limited 4% 25/02/2027
New Zealand NZ Fixed Interest4.75% -
NZ Cash (BNZ Bank Trust Account)
New Zealand Cash and Equivalents A-1+4.65% -
Contact Energy Bond 5.82% 11/04/2028
New Zealand NZ Fixed Interest BBB4.63% -
Auckland International Airport 5.67% 09/05/2028
New Zealand NZ Fixed Interest A-4.3% -
Vector Ltd Bonds 1.575% 06/10/2026
New Zealand NZ Fixed Interest BBB+4.01%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 1.0% | 4.62% |
| New Zealand Fixed Interest | 74.0% | 95.38% |
| International Fixed Interest | 25.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| 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% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.