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

    • Shell International Fin 0.34% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Exxon Mobil Corporation 0.39% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Shell International Fin 0.34% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Procter & Gamble Co/The 0.06%
    • Exxon Mobil Corporation 0.39% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Shell International Fin 0.34% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Genesis Energy Ltd 0.07%

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

The Diversified 40 Fund is a diversified fund providing a consistent exposure to the cash, fixed interest and shares asset classes using both qualitative and quantitative investment techniques, and with a slight bias towards defensive assets.

Value $24.1M NZD
Period of data report 30th June 2024
Fund started 25th May 2011
Total annual fund fees 0.97%
Total performance based fees 0.0%
Manager's basic fee 0.97%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Elaine West

Currently: Chief Financial Officer at Britannia Financial Services Ltd (6 years, 11 months)
Previously: Financial Controller at NZ Venture Investment Fund (8 years, 5 months)

Alun Rees-Williams

Currently: General Manager Distribution and Director at Britannia Financial Services Ltd (23 years, 8 months)
Previously: Administration Manager at David Milner and Associates (9 years, 0 months)

Gavin Dixon

Currently: Chief Executive Officer and Director at Britannia Financial Services Ltd (8 years, 6 months)
Previously: Chief Executive Officer at Stream Holdings Group (0 years, 6 months)

Gregg Dell

Currently: General Manager of Wealth Products and General Counsel at Britannia Financial Services Ltd (8 years, 4 months)
Previously: Managing Director at Dell Consulting Ltd (current position) (10 years, 4 months)

Michael Pipe

Currently: General Manager - Operations at Britannia Financial Services Ltd (4 years, 2 months)
Previously: Operations Manager at IOOF New Zealand Limited (9 years, 7 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 9.61% 12.24%
2023 -2.59% 0.98%
2022 1.06% -1.12%
2021 18.16% 14.35%
2020 -1.83% -2.6%
2019 4.49% 3.2%
2018 4.41% 3.07%
2017 5.71% 6.77%
2016 3.06% 2.17%
2015 8.56% 8.33%

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

  • Insignia Financial Wholesale SRI International Core Equities Fund
    Australia International Equities
    41.91%
  • Dimensional Five-Year Diversified Fixed Interest Trust NZD Class
    Australia Int Fixed Interest
    41.37%
  • Harbour Enhanced Cash Fund
    New Zealand Cash and Equivalents
    11.16%
  • BNZ Cash At Bank
    New Zealand Cash and Equivalents AA-
    5.57%
Type Target Actual
Cash and Cash Equivalents 15.0% 16.72%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 45.0% 41.37%
Australasian Equities 0.0% 0.0%
International Equities 40.0% 41.91%
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.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.