Ioof Global Equities Fund

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Not Mindful
Type: Aggressive fund
Past Returns: 2.22%

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

Annual Fees: 1.29%

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

Aes Corp 0.02%
Algonquin Power and Utilities Corp 0.01%
Alleghany Corporation 0.03%
Alliant Energy Corp 0.01%
Altagas Income Ltd 0.01%
Ameren Corp 0.03%
American Electric Power Company Inc 0.04%
Anglo American PLC 0.05%
Arc Resources Com Npv 0.01%
Arcelormittal Npv Post Stk Split 0.01%
Atmos Energy Corp 0.01%
Basf Se 0.07%
BHP Group PLC 0.07%
Black Hills Corp 0.01%
Bollore 0.01%
BP P.L.C 0.10%
Cabot Corporation 0.02%
Cabot Oil and Gas Corp 0.03%
Canadian Natural Resources 0.06%
Centrica PLC 0.01%
Cez As 0.01%
Cheniere Energy Inc 0.01%
Chevron Corp 0.25%
China Petroleum & Chemical 0.03%
China Shenhua Energy Company Limited 0.01%
Cimarex Energy Co 0.01%
Citic Securities 0.02%
Ck Hutchison Holdings Ltd 0.03%
Clp Holdings Limited Hkd 0.01%
Cms Energy Corp 0.03%
Cnooc Ltd 0.03%
Coca Cola Co USD 0.24%
Concho Resources Inc 0.04%
Conocophillips 0.11%
Devon Energy Corporation 0.01%
Diamondback Energy Inc 0.02%
Dominion Energy Inc 0.05%
Dte Energy Co USD 0.03%
Electricite De France 0.02%
Enagas 0.02%
Enbridge Inc 0.04%
Enel Spa 0.08%
Eneos Holdings Inc 0.02%
Energias De Portugal SA 0.02%
Engie Aug5 0.05%
Eni Spa 0.02%
Eog Resources Inc 0.04%
Eqt Corporation 0.01%
Equinor Asa 0.04%
Evergy Inc Com Npv 0.02%
Exxon Mobil Corporation 0.24%
First Quantum Minerals Ltd 0.01%
Firstenergy Corp USD 0.02%
Fortis Inc 0.02%
Fortum Oyj 0.02%
Gibson Energy Inc 0.01%
Glencore PLC 0.04%
Hess Corp 0.04%
Hollyfrontier Corp Com 0.02%
Hong Kong China Ga 0.01%
Iberdrola SA 0.16%
Idemitsu Kosan Co Ltd 0.01%
Inpex Corporation 0.02%
Itochu Corp Jpy 0.06%
Keyera Corp Com 0.01%
Kghm Polska Miedz SA 0.02%
Kirby Corp 0.01%
Koninklijke Vopak Nv 0.02%
Korea Electric Power Corporation 0.01%
Lg Corp 0.01%
Loews Corp 0.01%
Lyondellbasell Industries 0.10%
Marathon Oil Corp 0.01%
Marathon Petrol Com 0.04%
Marubeni Corporation 0.01%
Mdu Resources Group Inc 0.02%
Mitsubishi Corp Y50 0.05%
Mitsui & Co Ltd Jpy 0.04%
Naturgy Energy Group SA 0.01%
Neste Oyj 0.02%
Nextera Energy Inc 0.12%
Nippon Steel Corporation 0.01%
Nippon Yusen Kk 0.02%
Novatek PJSC 0.02%
Nrg Energy Inc 0.04%
Oao Gazprom Spon Adr Reg S 0.01%
Oneok Inc 0.01%
Orix Corporation Jpy50 0.06%
Orsted As 0.02%
Osaka Gas Co Ltd Jpy 0.01%
Parsley Energy Inc 0.01%
Pembina Pipeline 0.01%
Petrochina Co Ltd H 0.01%
Petroleo Brasileiro Petrobras SA 0.04%
Phillips 66 Com Usd0.01 0.04%
Pinnacle West Capital 0.02%
Pioneer Natural Resources Co 0.05%
Pnm Resources Inc 0.01%
Portland General Electric Company 0.01%
Posco 0.01%
Ppl Corporation 0.03%
Ptt Public Company Thb1 Alien 0.03%
Repsol SA 0.01%
Rio Tinto PLC Ord 10P Gbp 0.12%
Royal Dutch Shell PLC-B Shs 0.17%
Rubis Eur1.25 0.01%
Rwe AG 0.04%
Sk Innovation 0.02%
Snam Spa 0.01%
Sojitz Corporation 0.01%
Southern Copper Corporation 0.01%
Sse PLC 0.03%
Sumitomo Chemical Jpy50 0.01%
Sumitomo Corp Jpy 0.03%
Suncor Energy Inc 0.05%
Taiwan Cement Corporation 0.02%
Tc Energy Corp 0.04%
Teck Resources Limited Class B 0.02%
Tenaga Nasional Berhad 0.02%
Total Se 0.28%
Tourmaline Oil Cp Com 0.01%
Ugi Corp Com 0.02%
Uniper Se 0.01%
Vale SA 0.08%
Valero Energy Corp 0.06%
Vistra Corp 0.04%
Wec Energy Group Inc 0.03%
Williams Companies Inc 0.03%
Xcel Energy Inc 0.04%

Weapons

Airbus Se 0.07%
Amphenol Corp-Cl A 0.06%
Bae Systems PLC 0.01%
Boeing Co Com US$5 0.09%
Bwx Technologies I Com 0.01%
Caci International Inc - Class A 0.04%
Cubic Corp 0.01%
Curtiss-Wright Corp 0.03%
Dick'S Sporting Goods Inc 0.04%
Flir Systems Inc 0.01%
General Dynamics Corp 0.09%
Heico Corp Com 0.01%
Heico Corp Com Usd0.01 0.02%
Hexcel Corp 0.02%
Honeywell International Inc 0.20%
Howmet Aerospace I Com USD 0.01%
Huntington Ingalls Industries Inc 0.02%
Indra Sistemas SA 0.01%
Jacobs Engineering Group Inc 0.05%
Kawasaki Heavy Industries Ltd 0.01%
L3 Harris Technolocom 0.05%
Larsen & Toubro-Gdr 0.01%
Lear Corp 0.05%
Lockheed Martin Corp Com Stk Usd0.01 0.09%
Mitsubishi Heavy Industries Ltd 0.03%
Moog Inc - Class A 0.02%
Northrop Grumman Corp 0.07%
Olin Corp 0.01%
Oshkosh Corporation 0.04%
Raytheon Technolog Com 0.15%
Rheinmetall AG 0.03%
Safran SA 0.06%
Sanmina Corp Com USD 0.0 0.02%
Science Applications International Corp 0.01%
Teledyne Technologies Inc 0.03%
Textron Inc 0.03%
Thales (Ex Thomson - Csf) 0.01%
Transdigm Group Inc 0.04%
Woodward Inc 0.02%

Tobacco

Casey'S General Stores Inc 0.05%
Core Mark Holding Company Inc 0.01%
Schweitzer-Mauduit International Inc 0.01%
Seven & I Holdings Co Ltd 0.04%
Valora Holding AG 0.01%

Gambling

Betsson Ab Ser B Npv Post Split 0.01%
Gvc Holdings PLC 0.03%
Las Vegas Sands Corp 0.01%
Mgm Resorts International 0.01%
Sands China Limited 0.01%
Skycity Entertainment Group Limited 0.02%
William Hill PLC Gbp.10 0.02%
Wynn Resorts Ltd 0.02%

Adult Entertainment/Pornography

Mgm Resorts International 0.01%
Valora Holding AG 0.01%

Alcohol

Ambev SA Com Npv 0.02%
Anheuser Busch Inbev SA Nv 0.04%
Asahi Group Holdings Ltd 0.02%
Asia Cement Corporation 0.01%
Boston Beer Company Inc 0.03%
Brown Forman Corp 0.04%
Carlsberg As - B 0.03%
Constellation Brands Inc-A 0.06%
Diageo Ord 28 101/108P 0.10%
Heineken Nv 0.02%
Kirin Holdings Co Ltd 0.01%
LVMH Moet Hennessy Vuitton Se 0.16%
Olvi Oyj 0.01%
Pernod-Ricard SA 0.02%
Royal Unibrew As 0.02%

Palm Oil

Kuala Lumpur Kepong Bhd 0.01%
Posco 0.01%
Wilmar International Ltd 0.01%

GMOs

Corteva Inc 0.03%

Human Rights & Environmental Violations

Archer Daniels Midland Co Com Stk Npv 0.05%
Barrick Gold Corp 0.04%
BHP Group PLC 0.07%
Bunge Limited 0.02%
Centerra Gold Inc 0.01%
Chemours Co 0.01%
Chevron Corp 0.25%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.05%
Freeport Mcmoran Inc 0.05%
Glencore PLC 0.04%
Grupo Mexico Sab De Cv-Ser B 0.02%
Johnson & Johnson Com US$1 0.65%
Kbr Inc 0.02%
Mmc Norilsk Nickel Adr 0.01%
Nestle SA 0.64%
Nutrien Ltd Com Npv 0.02%
Petrochina Co Ltd H 0.01%
Petroleo Brasileiro Petrobras SA 0.04%
Posco 0.01%
Rio Tinto PLC Ord 10P Gbp 0.12%
Royal Dutch Shell PLC-B Shs 0.17%
Sempra Energy USD 0.04%
Southern Copper Corporation 0.01%
Vale SA 0.08%
Wilmar International Ltd 0.01%
Zijin Mining Group Co Ltd 0.01%

Animal Testing

Adeka Corporation 0.010%
Air Liquide 0.090%
Akzo Nobel Nv Eur0.50 0.020%
Albermarle Corp 0.040%
Archer Daniels Midland Co Com Stk Npv 0.050%
Arkema 0.040%
Asahi Group Holdings Ltd 0.020%
Avient Corporation Com Usd0.01 0.010%
Axalta Coating Systems Ltd 0.020%
Basf Se 0.070%
Bayer AG 0.080%
Burberry Group PLC 0.020%
Cabot Corporation 0.020%
Cabot Oil and Gas Corp 0.030%
Celanese Corp Series A 0.040%
Chemours Co 0.010%
Chevron Corp 0.250%
Chr Hansen Holding A S 0.010%
Church & Dwight Co 0.020%
Clariant AG Reg 0.020%
Clorox Co Del 0.030%
Coca Cola Co USD 0.240%
Colgate Palmolive Usd1 0.030%
Colruyt Nv 0.010%
Corbion Nv 0.020%
Corteva Inc 0.030%
Covestro AG 0.030%
Danone 0.040%
Dow Inc 0.090%
Dupont De Nemours Inc 0.070%
Eastman Chemical Com 0.050%
Ecolab Ltd 0.030%
Entegris Inc 0.030%
Estee Lauder Companies 0.060%
Evonik Industries AG 0.010%
Ferro Corp 0.010%
Fmc Corp 0.030%
Formosa Chemicals & Fibre Corporation 0.020%
Formosa Plastics Corporation 0.020%
Fuji Film Holdings Corp 0.030%
General Mills Inc 0.080%
Givaudan - Reg 0.050%
Glaxosmithkline PLC 0.140%
Hengan International Group Company Limit 0.010%
Henkel AG & Co Kgaa 0.010%
Henkel AG & Co Kgaa Non Vtg Pref 0.020%
Herbalife Nutrition Ltd 0.010%
Hollyfrontier Corp Com 0.020%
Honeywell International Inc 0.200%
Huntsman Corporation 0.020%
Idemitsu Kosan Co Ltd 0.010%
Ingersoll Rand Inc 0.020%
Ingevity Corp 0.010%
Ingredion Inc Com USD 0.01 0.040%
Intl Flavors & Fragrances USD 0.040%
Johnson & Johnson Com US$1 0.650%
Johnson Matthey PLC 0.010%
Kao Corporation Jpy50 0.050%
Kellogg Company 0.040%
Kemira Oyj 0.010%
Kerry Group PLC-A 0.010%
Keurig Dr Pepper Inc 0.020%
Kikkoman Corporation Jpy 0.010%
Kimberly Clark Corp Com Usd1.25 0.030%
Kirin Holdings Co Ltd 0.010%
Koninklijke Dsm Nv 0.040%
Kraft Heinz Co Com Usd0.01 0.040%
L'Oreal 0.050%
Lanxess 0.030%
Lg Household Health Care 0.020%
Linde PLC 0.040%
Linde PLC Com 0.100%
LVMH Moet Hennessy Vuitton Se 0.160%
Lyondellbasell Industries 0.100%
Marubeni Corporation 0.010%
Mitsubishi Gas Chemical Co 0.010%
Mitsui Chemicals Inc 0.020%
Mondelez International Inc 0.070%
Morinaga Milk Industry Co Ltd 0.010%
Nagase & Co Ltd 0.010%
Nan Ya Plastics Corp 0.030%
Nestle SA 0.640%
Nippon Paint Holdings Co Ltd 0.010%
Nissan Chemical Corporation 0.010%
Novozymes A/S Ser`B`Dkk2 0.020%
Nu Skin Enterprises Inc - Class A 0.010%
Nutrien Ltd Com Npv 0.020%
Olin Corp 0.010%
Pepsico Inc Cap US$0.01 2/3 0.250%
PPG Industries Inc 0.030%
Procter & Gamble Company 0.470%
Puma Se 0.010%
Pvh Corp Com Usd1.00 0.030%
Ralph Lauren Corp Com 0.010%
Reckitt Benckiser Group PLC 0.050%
Ricoh Co Jpy50 0.010%
Royal Dutch Shell PLC-B Shs 0.170%
Rpm International Inc 0.030%
Sainsbury (J) PLC 0.020%
Sensient Technologies Corp 0.010%
Seven & I Holdings Co Ltd 0.040%
Sherwin-Williams Company 0.040%
Shin-Etsu Chem Co Y50 0.050%
Shiseido Company Limited Jpy50 0.030%
Showa Denko Kk Jpy50 0.020%
Sk Innovation 0.020%
Solvay SA Belgian Bef 0.020%
Sumitomo Chemical Jpy50 0.010%
Svenska Cellulosa Ab - B Shares 0.020%
Symrise AG 0.020%
Synthomer PLC 0.020%
Tapestry Inc Com Usd0.01 0.010%
Tate & Lyle PLC Gbp 0.020%
Tokai Carbon Co Ltd 0.010%
Tosoh Corporation 0.020%
Unilever Nv Eur0.16 0.080%
Unilever PLC 0.090%
Wd 40 Co 0.010%
Xerox Hldgs Corp Com Usd1.00 0.030%

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 -7.57% -4.8%
2019 10.01% 3.18%
2018 7.40% 8.28%
2017 9.64% 13.11%
2016 4.71% 1.59%
2015 14.67% 17.61%
2014 10.13% 11.95%
2013 13.93% 5.86%

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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • Apple Inc
    United States International Equities
    3.34%
  • Microsoft Corp
    United States International Equities
    2.38%
  • BNZ - Cash At Bank
    New Zealand Cash and Equivalents AA-
    1.5%
  • Amazon Com Inc
    United States International Equities
    1.21%
  • Jp Morgan Chase & Co
    United States International Equities
    0.97%
  • Comcast Corp
    United States International Equities
    0.8%
  • Taiwan Semiconduct Manufacturing USD
    Taiwan, Province of China International Equities
    0.75%
  • Tencent Holdings Limited
    China International Equities
    0.73%
  • Verizon Communications
    United States International Equities
    0.69%
  • Alibaba Group Holdings Ltd
    China International Equities
    0.67%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 3.0% 1.5%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 97.0% 98.5%
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 Thu Dec. 31st 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:
    0.02%
  • Alcohol:
    0.67%
  • Animal Testing:
    6.80%
  • Fossil Fuels:
    5.53%
  • Gambling:
    0.25%
  • GMOs:
    0.04%
  • Human Rights & Environmental Violations:
    2.53%
  • Palm Oil:
    0.08%
  • Tobacco:
    0.17%
  • Weapons:
    1.77%

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 Global Equities Fund is single asset class fund that provides a consistent exposure to the global shares asset class."

Value $68M NZD
Period of data report Thu Dec. 31st 2020
Members Not provided
Fund started Thu May 19th 2011
Total annual fund fees 1.29%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Administration charges 0.69%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Dan Farmer

Currently: Chief Investment Officer (IOOF Holdings Ltd) (3 years, 5 months)
Previously: Portfolio Equities (7 years, 0 months)

Alun Rees-Williams

Currently: General Manager Distribution and Director at Britannia Financial Services Ltd (20 years, 2 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 (5 years, 0 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, 10 months)
Previously: Managing Director at Dell Consulting Ltd (current position) (6 years, 10 months)

Michael Pipe

Currently: General Manager - Integral Master Trust (0 years, 8 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 Thu Dec. 31st 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.