Ioof Diversified 40 Fund

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Not Mindful
Type: Balanced fund
Past Returns: 1.04%

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

Annual Fees: 1.19%

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

Agl Energy Ltd 0.05%
American Electric Power Company Inc 0.01%
Anglo American PLC 0.02%
Apa Group 0.07%
Basf Se 0.02%
Beach Energy Ltd 0.05%
BHP Group Limited Ordinary Fully Paid 0.49%
BHP Group PLC 0.02%
BP P.L.C 0.03%
Brickworks Limited 0.04%
Canadian Natural Resources 0.02%
Chevron Corp 0.08%
Coca Cola Amatil Limited 0.08%
Coca Cola Co USD 0.07%
Coca-Cola Co/The 0.750000% 03/09/2023 0.12%
Concho Resources Inc 0.01%
Conocophillips 0.03%
Cooper Energy Limited 0.01%
Dominion Energy Inc 0.01%
Enbridge Inc 0.01%
Enel Spa 0.03%
Engie Aug5 0.02%
Eog Resources Inc 0.01%
Equinor Asa 0.01%
Equinor Asa 0.875000% 02/17/2023 0.17%
Exxon Mobil Corporation 0.07%
Glencore PLC 0.01%
Hess Corp 0.01%
Iberdrola SA 0.05%
Itochu Corp Jpy 0.02%
Lyondellbasell Industries 0.03%
Marathon Petrol Com 0.01%
Mitsubishi Corp Y50 0.02%
Mitsui & Co Ltd Jpy 0.01%
Nextera Energy Inc 0.04%
Norfolk Southern Corp USD 0.03%
Nrg Energy Inc 0.01%
Oil Search Limited 0.04%
Origin Energy Limited 0.04%
Orix Corporation Jpy50 0.02%
Petroleo Brasileiro Petrobras SA 0.01%
Phillips 66 Com Usd0.01 0.01%
Pioneer Natural Resources Co 0.01%
Rio Tinto Limited 0.15%
Rio Tinto PLC Ord 10P Gbp 0.04%
Royal Dutch Shell PLC-B Shs 0.05%
Rwe AG 0.01%
Santos Limited 0.11%
South32 Limited Ordinary Fully Paid 0.05%
Suncor Energy Inc 0.01%
Tc Energy Corp 0.01%
Total Capital Canada Ltd 1.125000% 03/18/2022 0.11%
Total Capital Intl SA 2.125000% 03/15/2023 0.30%
Total Capital Intl SA 2.125000% 11/19/2021 0.02%
Total Capital Intl SA 2.875000% 02/17/2022 0.18%
Total Capital Intl SA 4.250000% 11/26/2021 0.07%
Total Se 0.09%
Vale SA 0.03%
Valero Energy Corp 0.02%
Vistra Corp 0.01%
Viva Energy Group Ordinary Fully Paid Deferred Settlement 0.02%
Whitehaven Coal Ltd 0.01%
Woodside Petroleum Ltd 0.05%
Xcel Energy Inc 0.01%

Weapons

Airbus Se 0.02%
Amphenol Corp-Cl A 0.02%
Austal Limited 0.03%
Boeing Co Com US$5 0.03%
Caci International Inc - Class A 0.01%
Dick'S Sporting Goods Inc 0.01%
General Dynamics Corp 0.03%
Honeywell International Inc 0.06%
Jacobs Engineering Group Inc 0.02%
L3 Harris Technolocom 0.02%
Lockheed Martin Corp Com Stk Usd0.01 0.03%
Northrop Grumman Corp 0.02%
Oshkosh Corporation 0.01%
Raytheon Technolog Com 0.05%
Safran SA 0.02%
Transdigm Group Inc 0.01%

Tobacco

Casey'S General Stores Inc 0.02%
Seven & I Holdings Co Ltd 0.01%

Gambling

Aristocrat Leisure Ltd 0.08%
Crown Resorts Limited 0.06%
Jumbo Interactive Limited 0.01%
Tabcorp Holdings Ltd 0.04%
The Star Entertainment Group Limited 0.02%

Adult Entertainment/Pornography

Alcohol

Anheuser Busch Inbev SA Nv 0.01%
Boston Beer Company Inc 0.01%
Brown Forman Corp 0.01%
Coca Cola Amatil Limited 0.08%
Constellation Brands Inc-A 0.02%
Diageo Ord 28 101/108P 0.03%
Graincorp Limited 0.01%
LVMH Moet Hennessy Vuitton Se 0.05%
Metcash Limited 0.05%
Treasury Wine Estates Limited 0.02%

Palm Oil

GMOs

Corteva Inc 0.01%

Human Rights & Environmental Violations

Archer Daniels Midland Co Com Stk Npv 0.02%
Barrick Gold Corp 0.01%
BHP Group Limited Ordinary Fully Paid 0.49%
BHP Group PLC 0.02%
Chevron Corp 0.08%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.02%
Freeport Mcmoran Inc 0.01%
Glencore PLC 0.01%
Johnson & Johnson Com US$1 0.20%
Nestle Finance Intl Ltd 0.750000% 05/16/2023 0.05%
Nestle Finance Intl Ltd 0.750000% 11/08/2021 0.06%
Nestle Holdings Inc 1.875000% 03/09/2021 0.04%
Nestle SA 0.20%
Petroleo Brasileiro Petrobras SA 0.01%
Rio Tinto Limited 0.15%
Rio Tinto PLC Ord 10P Gbp 0.04%
Royal Dutch Shell PLC-B Shs 0.05%
Sempra Energy USD 0.01%
Vale SA 0.03%

Animal Testing

Air Liquide 0.030%
Albermarle Corp 0.010%
Archer Daniels Midland Co Com Stk Npv 0.020%
Arkema 0.010%
Basf Se 0.020%
Bayer AG 0.020%
Celanese Corp Series A 0.010%
Chevron Corp 0.080%
Clorox Co Del 0.010%
Coca Cola Amatil Limited 0.080%
Coca Cola Co USD 0.070%
Coca-Cola Co/The 0.750000% 03/09/2023 0.120%
Corteva Inc 0.010%
Covestro AG 0.010%
Danone 0.010%
Dow Inc 0.030%
Dupont De Nemours Inc 0.020%
Eastman Chemical Com 0.010%
Ecolab Ltd 0.010%
Estee Lauder Companies 0.020%
Fmc Corp 0.010%
General Mills Inc 0.020%
Givaudan - Reg 0.010%
Glaxosmithkline PLC 0.040%
Honeywell International Inc 0.060%
Ingredion Inc Com USD 0.01 0.010%
Intl Flavors & Fragrances USD 0.010%
Johnson & Johnson Com US$1 0.200%
Kao Corporation Jpy50 0.010%
Kellogg Company 0.010%
Kimberly Clark Corp Com Usd1.25 0.010%
Koninklijke Dsm Nv 0.010%
Kraft Heinz Co Com Usd0.01 0.010%
L'Oreal 0.020%
Linde PLC 0.010%
Linde PLC Com 0.030%
LVMH Moet Hennessy Vuitton Se 0.050%
Lyondellbasell Industries 0.030%
Mondelez International Inc 0.020%
Nestle Finance Intl Ltd 0.750000% 05/16/2023 0.050%
Nestle Finance Intl Ltd 0.750000% 11/08/2021 0.060%
Nestle Holdings Inc 1.875000% 03/09/2021 0.040%
Nestle SA 0.200%
Nufarm Limited 0.020%
Orica Limited 0.050%
Pepsico Inc Cap US$0.01 2/3 0.080%
Procter & Gamble Co/The 2.000000% 08/16/2022 0.010%
Procter & Gamble Company 0.150%
Reckitt Benckiser Group PLC 0.020%
Royal Dutch Shell PLC-B Shs 0.050%
Seven & I Holdings Co Ltd 0.010%
Sherwin-Williams Company 0.010%
Shin-Etsu Chem Co Y50 0.020%
Unilever Nv Eur0.16 0.030%
Unilever PLC 0.030%
Xerox Hldgs Corp Com Usd1.00 0.010%

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 -2.86% -2.79%
2019 4.44% 3.02%
2018 4.90% 2.9%
2017 5.60% 6.61%
2016 3.06% 1.99%
2015 8.56% 8.17%
2014 6.13% 3.59%
2013 8.77% 4.75%

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:

  • Dimensional Five-Year Diversified Fixed Interest Trust NZD Class
    Australia Int Fixed Interest
    46.0%
  • BNZ Cash Account
    New Zealand Cash and Equivalents AA-
    13.32%
  • Apple Inc
    United States International Equities
    1.06%
  • Microsoft Corp
    United States International Equities
    0.78%
  • Amazon Com Inc
    United States International Equities
    0.56%
  • CSL Limited
    Australia Australasian Equities
    0.53%
  • BHP Group Limited Ordinary Fully Paid
    Australia Australasian Equities
    0.49%
  • Commonwealth Bank Of Australia
    Australia Australasian Equities
    0.42%
  • Alibaba Group Holdings Ltd
    China International Equities
    0.29%
  • Jp Morgan Chase & Co
    United States International Equities
    0.25%

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 15.0% 13.32%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 45.0% 46.0%
Australasian Equities 10.0% 10.22%
International Equities 30.0% 30.47%
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 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:
    0.01%
  • Alcohol:
    0.38%
  • Animal Testing:
    2.56%
  • Fossil Fuels:
    4.01%
  • Gambling:
    0.30%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    1.59%
  • Palm Oil:
    0.03%
  • Tobacco:
    0.05%
  • Weapons:
    0.56%

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 Diversified 40 Fund is a diversified fund providing a consistent exposure to the cash fixed interest and shares asset classes in a manner consistent with the guiding principles of IOOF QuantPlus and with a slight bias towards defensive assets."

Value $110M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Wed May 25th 2011
Total annual fund fees 1.19%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Administration charges 0.59%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Dan Farmer

Currently: Chief Investment Officer (IOOF Holdings Ltd) (3 years, 2 months)
Previously: Portfolio Equities (7 years, 0 months)

Alun Rees-Williams

Currently: General Manager Distribution and Director at Britannia Financial Services Ltd (19 years, 11 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 (4 years, 9 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 (4 years, 7 months)
Previously: Managing Director at Dell Consulting Ltd (current position) (6 years, 7 months)

Michael Pipe

Currently: General Manager - Integral Master Trust (0 years, 5 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 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.