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%
Alliant Energy Corp 0.01%
Altagas Income Ltd 0.01%
Ameren Corp 0.03%
American Electric Power Company Inc 0.05%
Anglo American PLC 0.07%
Arc Resources Com Npv 0.01%
BHP Group PLC 0.06%
Black Hills Corp 0.02%
BP P.L.C 0.21%
Cabot Corporation 0.01%
Cabot Oil and Gas Corp 0.01%
Canadian Natural Resources 0.08%
Cez As 0.01%
Cheniere Energy Inc 0.01%
Chevron Corp 0.31%
China Petroleum & Chemical 0.04%
China Shenhua Energy Company Limited 0.03%
Clp Holdings Limited Hkd 0.01%
Cms Energy Corp 0.03%
Cnooc Ltd 0.04%
Concho Resources Inc 0.01%
Conocophillips 0.12%
Cosan SA Industria E Comercio 0.01%
Cosmo Energy Holdings Co Ltd 0.01%
Dominion Energy Inc 0.05%
Dte Energy Co USD 0.03%
Enagas 0.02%
Enbridge Inc 0.07%
Engie Aug5 0.05%
Eni Spa 0.06%
Eog Resources Inc 0.05%
Equinor Asa 0.05%
Evergy Inc Com Npv 0.03%
Exxon Mobil Corporation 0.33%
Firstenergy Corp USD 0.03%
Galp Energia Sgps SA-B Shrs 0.01%
Gazprom PJSC Spon Adr 0.02%
Glencore PLC 0.07%
Hess Corp 0.04%
Hollyfrontier Corp Com 0.04%
Idemitsu Kosan Co Ltd 0.02%
Inpex Corporation 0.02%
Jxtg Holdings Inc 0.03%
Kirby Corp 0.02%
Koninklijke Vopak Nv 0.02%
Korea Electric Power Corporation 0.01%
Lyondellbasell Industries 0.06%
Marathon Petrol Com 0.04%
Marubeni Corporation 0.02%
Mge Energy Inc 0.01%
Misc Bhd 0.02%
Neste Oyj 0.02%
Nextera Energy Inc 0.14%
Novatek PJSC 0.02%
Nrg Energy Inc 0.02%
Oao Gazprom Spon Adr Reg S 0.02%
Occidental Petroleum Corp 0.03%
Oneok Inc 0.01%
Otter Tail Corp 0.01%
Petrochina Co Ltd H 0.03%
Petroleo Brasileiro Petrobras SA 0.01%
Petronas Gas Berhad 0.02%
Phillips 66 Com Usd0.01 0.05%
Pioneer Natural Resources Co 0.04%
Pnm Resources Inc 0.01%
Ptt Public Company Thb1 Alien 0.04%
Repsol SA 0.02%
Royal Dutch Shell PLC - A Shares 0.23%
Royal Dutch Shell PLC-B Shs 0.19%
Rubis Eur1.25 0.01%
Rwe AG 0.02%
Snam Spa 0.01%
Suncor Energy Inc 0.10%
Tenaga Nasional Berhad 0.03%
Total SA 0.43%
Valero Energy Corp 0.08%
Wec Energy Group Inc 0.03%
Williams Companies Inc 0.02%
Xcel Energy Inc 0.04%

Weapons

Aecom 0.04%
Aerojet Rocketdyne Holdings Inc 0.01%
Airbus Se 0.08%
Babcock International Group PLC 0.02%
Boeing Co Com US$5 0.10%
Bwx Technologies I Com 0.02%
Caci International Inc - Class A 0.05%
Curtiss-Wright Corp 0.03%
General Dynamics Corp 0.11%
Heico Corp Com Usd0.01 0.01%
Honeywell International Inc 0.20%
Huntington Ingalls Industries Inc 0.03%
Jacobs Engineering Group Inc 0.05%
Korea Aerospace Industries Ltd 0.02%
Larsen & Toubro-Gdr 0.01%
Leonardo Spa 0.01%
Lockheed Martin Corp Com Stk Usd0.01 0.10%
Meggitt PLC 0.01%
Mitsubishi Heavy Industries Ltd 0.01%
Moog Inc - Class A 0.02%
Northrop Grumman Corp 0.11%
Olin Corp 0.01%
Oshkosh Corporation 0.06%
Raytheon Company 0.09%
Rheinmetall AG 0.03%
Rolls Royce Ord Gbp1.50 0.01%
Safran SA 0.06%
Teledyne Technologies Inc 0.03%
Textron Inc 0.03%
Thales (Ex Thomson - Csf) 0.01%
Transdigm Group Inc 0.03%

Tobacco

Core Mark Holding Company Inc 0.02%
Schweitzer-Mauduit International Inc 0.01%

Gambling

Caesars Entertainment Corp 0.01%
Churchill Downs Incorporated 0.01%
Galaxy Entertainment Group Limited 0.02%
Genting Malaysia Bhd 0.01%
Gvc Holdings PLC 0.02%
Heiwa Corp 0.01%
Paddy Power Betfair PLC 0.02%
Sands China Limited 0.01%

Adult Entertainment/Pornography

Valora Holding AG 0.01%

Alcohol

Ambev SA Com Npv 0.02%
Anheuser Busch Inbev SA Nv 0.03%
Asahi Group Holdings Ltd 0.02%
Boston Beer Company Inc 0.02%
Brown Forman Corp 0.04%
Carlsberg As - B 0.03%
Constellation Brands Inc-A 0.06%
Diageo Ord 28 101/108P 0.11%
Heineken Nv 0.02%
Kirin Holdings Co Ltd 0.03%
LVMH Moet Hennessy Vuitton Se 0.16%
Olvi Oyj 0.01%
Pernod-Ricard SA 0.03%
Royal Unibrew As 0.02%

Palm Oil

Genting Malaysia Bhd 0.01%
Kuala Lumpur Kepong Bhd 0.01%
Malaysia Airports Holdings Bhd 0.01%
Posco 0.01%

GMOs

Basf Se 0.06%
Bayer AG 0.08%
Dupont De Nemours Inc 0.05%
Novartis AG - Chf0.50 (Regd) 0.44%
Novozymes A/S Ser`B`Dkk2 0.02%
Nutrien Ltd Com Npv 0.04%
Stora Enso Oyj-R Shs 0.03%

Human Rights & Environmental Violations

Archer Daniels Midland Co Com Stk Npv 0.06%
Barrick Gold Corp 0.02%
BHP Group PLC 0.06%
Bunge Limited 0.04%
Chevron Corp 0.31%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.06%
Freeport Mcmoran Inc 0.02%
Genting Malaysia Bhd 0.01%
Glencore PLC 0.07%
Grupo Mexico Sab De Cv-Ser B 0.01%
Jbs SA 0.01%
Johnson & Johnson Com US$1 0.71%
Kbr Inc 0.03%
Mmc Norilsk Nickel Adr 0.01%
Nestle SA 0.68%
Nutrien Ltd Com Npv 0.04%
Petrochina Co Ltd H 0.03%
Petroleo Brasileiro Petrobras SA 0.01%
Petroleo Brasileiro SA - Adr 0.02%
Petroleo Brasileiro SA Ads 0.02%
Posco 0.01%
Rio Tinto PLC Ord 10P Gbp 0.11%
Royal Dutch Shell PLC - A Shares 0.23%
Royal Dutch Shell PLC-B Shs 0.19%
Sempra Energy USD 0.05%
Tokyo Electric Power Company Holdings Incorporated 0.01%
Vale SA 0.08%
Zte Corp-H 0.01%

Animal Testing

Air Liquide 0.120%
Akzo Nobel Nv Eur0.50 0.020%
Albermarle Corp 0.030%
Archer Daniels Midland Co Com Stk Npv 0.060%
Arkema 0.030%
Basf Se 0.060%
Bayer AG 0.080%
Burberry Group PLC 0.020%
Cabot Corporation 0.010%
Cabot Oil and Gas Corp 0.010%
Chevron Corp 0.310%
Church & Dwight Co 0.020%
Clariant AG Reg 0.010%
Clorox Co Del 0.030%
Coca Cola Co USD 0.270%
Coca Cola Hbc AG Ord 0.010%
Colgate Palmolive Usd1 0.030%
Danone 0.050%
Ecolab Ltd 0.030%
Estee Lauder Companies 0.060%
Ferro Corp 0.010%
Fmc Corp 0.030%
General Mills Inc 0.080%
Givaudan - Reg 0.040%
Glaxosmithkline PLC 0.220%
Henkel AG & Co Kgaa 0.010%
Honeywell International Inc 0.200%
Intl Flavors & Fragrances USD 0.050%
Johnson & Johnson Com US$1 0.710%
Kao Corporation Jpy50 0.060%
Kikkoman Corporation Jpy 0.010%
Kimberly Clark Corp Com Usd1.25 0.030%
Koninklijke Dsm Nv 0.030%
Kose Corp 0.010%
Kraft Heinz Co Com Usd0.01 0.030%
L'Oreal 0.050%
Lanxess 0.020%
LVMH Moet Hennessy Vuitton Se 0.160%
Mitsui Chemicals Inc 0.020%
Nestle SA 0.680%
Novozymes A/S Ser`B`Dkk2 0.020%
Pepsico Inc Cap US$0.01 2/3 0.270%
PPG Industries Inc 0.030%
Procter & Gamble Company 0.460%
Reckitt Benckiser Group PLC 0.040%
Royal Dutch Shell PLC - A Shares 0.230%
Royal Dutch Shell PLC-B Shs 0.190%
Shiseido Company Limited Jpy50 0.030%
Solvay SA Belgian Bef 0.020%
Sumitomo Chemical Jpy50 0.020%
Svenska Cellulosa Ab - B Shares 0.010%
Symrise AG 0.020%
Synthomer PLC 0.020%
Unilever Nv Eur0.16 0.070%
Unilever PLC 0.090%
Walgreens Boots Al Com Usd0.01 0.120%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 and research organisations.

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Apple Inc
    United States International Equities
    2.98%
  • Microsoft Corp
    United States International Equities
    2.63%
  • Amazon Com Inc
    United States International Equities
    1.71%
  • BNZ - Cash At Bank
    New Zealand Cash and Equivalents AA-
    1.1%
  • Jp Morgan Chase & Co
    United States International Equities
    0.98%
  • Facebook Inc
    United States International Equities
    0.89%
  • Verizon Communications
    United States International Equities
    0.78%
  • Tencent Holdings Limited
    China International Equities
    0.78%
  • Intel Corp
    United States International Equities
    0.75%
  • Alibaba Group Holdings Ltd
    China International Equities
    0.74%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 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% 1.1%
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% 98.9%
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 Tue June 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:
    0.66%
  • Animal Testing:
    5.55%
  • Fossil Fuels:
    4.61%
  • Gambling:
    0.23%
  • GMOs:
    0.72%
  • Human Rights & Environmental Violations:
    3.02%
  • Palm Oil:
    0.09%
  • Tobacco:
    0.06%
  • Weapons:
    1.50%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 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 $62M NZD
Period of data report Tue June 30th 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) (2 years, 11 months)
Previously: Portfolio Equities (7 years, 0 months)

Alun Rees-Williams

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

Michael Pipe

Currently: General Manager - Integral Master Trust (0 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 Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.