Funds

Accordia A300

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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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • BHP Group Ltd 0.99%
    • Woodside Energy Group Ltd 0.32%
    • Contact 0.20%
    • Santos Ltd 0.15%
    • Constellation Energy 0.08%
    • South32 Ltd 0.08%
    • Apa Group Units 0.06%
    • Glencore PLC 0.06%
    • Origin Energy Ltd 0.06%
    • Valero Energy Corp 0.05%
    • Wec Energy Group Inc 0.04%
    • Ampol Ltd 0.03%
    • Anglo American PLC 0.03%
    • Enbridge Inc 0.03%
    • Iberdrola SA 0.03%
    • Shell PLC 0.03%
    • Washington H Soul Pattinson & Comp 0.03%
    • Whitehaven Coal Ltd 0.03%
    • Xcel Energy Inc 0.03%
    • Agl Energy Ltd 0.02%
    • Itochu Corporation 0.02%
    • Marathon Petroleum Corp 0.02%
    • Suncor Energy Inc 0.02%
    • Alliant Energy Corporation 0.01%
    • Beach Energy Ltd 0.01%
    • Consolidated Edison Inc 0.01%
    • Consolidated Edison Inc Com Usd0.10 0.01%
    • Constellation Energy Corp 0.01%
    • Hf Sinclair Corp 0.01%
    • Sempra Energy 0.01%
    • Texas Pacific Land Corp 0.01%

  • Weapons

    • Walmart Inc 0.13%
    • Safran SA 0.03%
    • Airbus Se 0.02%
    • Booz Allen Hamilton Holdings 0.02%

  • Gambling

    • Skycity 0.13%
    • Aristocrat Leisure Ltd 0.11%
    • Aristocrat Leisure 0.08%
    • Tabcorp Holdings Ltd 0.01%
    • The Star Entertainment Group Ltd 0.01%

  • Alcohol

    • Diageo PLC 0.08%
    • Endeavour Group Ltd 0.04%
    • Treasury Wine Estates Ltd 0.04%
    • Metcash Ltd 0.02%

  • GMOs

    • Corteva Inc 0.02%

  • Human Rights & Environmental Violations

    • BHP Group Ltd 0.99%
    • Rio Tinto Ltd 0.18%
    • Wells Fargo & Company 0.17%
    • Meta Platforms Inc-Class A 0.16%
    • Johnson & Johnson 0.15%
    • Rio Tinto Limited 0.15%
    • Johnson & Johnson Com US$1 0.12%
    • Thermo Fisher Scientific Inc 0.08%
    • Activision Blizzard Inc 0.06%
    • Glencore PLC 0.06%
    • Rio Tinto PLC 0.06%
    • Caterpillar Inc 0.05%
    • Corteva Inc 0.03%
    • Freeport Mcmoran Inc 0.03%
    • Shell PLC 0.03%
    • Fmc Corp 0.02%
    • Rio Tinto PLC Ord 10P Gbp 0.02%
    • Wells Fargo & Co 0.02%
    • Bayer AG 0.01%
    • Motorola Solutions Inc 0.01%
    • Posco 0.01%

  • Animal Cruelty

    • Pepsico Inc 0.10%
    • Procter & Gamble Co/The 0.08%
    • Procter & Gamble Company 0.07%
    • Coca-Cola Co/The 0.05%
    • LVMH Moet Hennessy Louis Vuitton 0.05%
    • 3M Co 0.04%
    • Coca Cola Co USD 0.04%
    • General Mills Inc 0.04%
    • L'Oreal 0.04%
    • Pepsico Inc Cap US$0.01 2/3 0.04%
    • Ping An Insurance 0.04%
    • Unilever PLC 0.04%
    • Unilever PLC-Sponsored Adr 0.04%
    • Avantor Inc 0.03%
    • Corteva Inc 0.03%
    • Hermes International 0.03%
    • Orica Ltd 0.03%
    • Shell PLC 0.03%
    • Sherwin Williams Com Usd1 0.03%
    • Sherwin-Williams Co/The 0.03%
    • Colgate Palmolive Usd1 0.02%
    • Colgate-Palmolive Co 0.02%
    • Estee Lauder Companies-Cl A 0.02%
    • Fmc Corp 0.02%
    • Kering 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • Mosaic Co/The 0.02%
    • PPG Industries Inc 0.02%
    • Bayer AG 0.01%
    • Church & Dwight Co Inc 0.01%
    • Ecolab Inc 0.01%
    • Estee Lauder Companies 0.01%
    • Koninklijke Ahold Delhaize Nv 0.01%
    • Tapestry Inc 0.01%
    • Tapestry Inc Com Usd0.01 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2022 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

A300 invests in assets seeking to minimise short-term movements up and down in value and preserve purchasing power of capital while providing a balance between assets with an expected return higher than bank term deposits and assets with growth characteristics.

Value $61M NZD
Period of data report 31st Dec. 2022
Fund started 18th Jan. 2010
Total annual fund fees 1.64%
Total performance based fees 0.0%
Manager's basic fee 0.91%
Other management and administration charges 0.73%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Mark Wooster

Currently: CIO (Caliber Investment) (13 years, 1 months)
Previously: CIO (Sovereign and ASB Group Investments) (5 years, 0 months)

Alan Austin

Currently: Independent Director (Accordia Asset Management Limited) (6 years, 0 months)
Previously: Senior Investment Consultant (Eriksen & Associates) (6 years, 0 months)

Jason Ferguson

Currently: Investment Strategist (Caliber investment) (8 years, 6 months)
Previously: Portfolio Manager (First State / ASB Group Investments) (9 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.18%
Animal Cruelty 1.86%
Fossil Fuels 2.86%
Gambling 0.35%
GMOs 0.04%
Human Rights & Environmental Violations 2.58%
Palm Oil 0.00%
Tobacco 0.02%
Weapons 0.44%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2022 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 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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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
2022 1.53% 2.45%
2021 32.66% 18.91%
2020 -4.45% -4.93%
2019 6.15% 1.39%
2018 8.66% 3.66%
2017 7.20% 6.87%
2016 5.40% 0.44%
2015 12.09% 8.09%
2014 9.56% 5.79%
2013 13.67% 6.39%

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 31st Dec. 2022.

Top 10 Investments

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    13.09%
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    12.82%
  • Spdr S&P/ASX 200 Index
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    9.39%
  • Macquarie NZ Short Duration
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    6.68%
  • Macquarie NZ Fixed Interest PIE
    New Zealand NZ Fixed Interest
    6.02%
  • Blackrock Multi Opportunity Fund
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    5.43%
  • Man Alternative Style Risk Premia Fund Cl I H NZD
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    4.19%
  • Aqr Wholesale Delta Fund Series 14
    Australia Other
    3.99%
  • Aberdeen Standard Emerging Opportunity Fund
    Australia International Equities
    2.61%
Type Target Actual
Cash and Cash Equivalents 26.0% 30.5%
New Zealand Fixed Interest 10.0% 6.02%
International Fixed Interest 0.0% 0.0%
Australasian Equities 8.0% 11.59%
International Equities 33.0% 35.75%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 18.0% 15.4%
Commodities 5.0% 0.74%

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 31st Dec. 2022.