Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed defensive funds is 1.99%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Genesis Energy is engaged in energy generation, trading and selling of electricity, and owns a portfolio of fossil fuel and renewable generation assets across New Zealand. Evidence shows that thermal generation from gas represents a significant portion of the company's total power generation (from the Huntly power station), and that oil and gas power revenues represent approximately 35% of the company's total revenue.
The Fund principally holds cash or cash like securities and seeks to enhance returns through active interest rate management. It may also hold NZ dollar Government Stock, investment grade bonds and bank deposits.
| Value | $216M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 1st Aug. 2019 |
| Total annual fund fees | 0.26% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.18% |
| Other management and administration charges | 0.08% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
George Henderson |
Currently: Portfolio Manager (6 years, 6 months)
|
|
Mark Brown |
Currently: Director, Head of Fixed Income (14 years, 3 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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 | 3.59% | 4.3% |
| 2023 | -0.79% | 2.16% |
| 2022 | -2.46% | 0.09% |
| 2021 | 2.15% | 1.38% |
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. 2024.
NZ Government Stock 15/04/2027 4.50%
New Zealand NZ Fixed Interest AAA
ANZ NZD Cash
New Zealand Cash and Equivalents A-1+
Wpac Bank Deposit Ac 19/2/2025
New Zealand NZ Fixed Interest A-1+
Kiwibank Limited 05/10/2026 2.635%
New Zealand NZ Fixed Interest A1
ASB Bank Limited 16/11/2026 5.928%
New Zealand NZ Fixed Interest AA-
Wpac Bank Deposit Ac 3/2/2025
New Zealand NZ Fixed Interest A-1+
ASB Bank Deposit A/C 3/2/2025
New Zealand NZ Fixed Interest A-1+
Transpower NZ Limited Rcd 26/08/25
New Zealand Cash and Equivalents A-1+
Wpac Bank Deposit Ac 17/1/2025
New Zealand NZ Fixed Interest A-1+
Bank Of New Zealand 08/06/2026 1.884%
New Zealand NZ Fixed Interest AA-
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 45.0% | 16.67% |
| New Zealand Fixed Interest | 55.0% | 83.33% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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. 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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Genesis Energy is engaged in energy generation, trading and selling of electricity, and owns a portfolio of fossil fuel and renewable generation assets across New Zealand. Evidence shows that thermal generation from gas represents a significant portion of the company's total power generation (from the Huntly power station), and that oil and gas power revenues represent approximately 35% of the company's total revenue.
The Fund principally holds cash or cash like securities and seeks to enhance returns through active interest rate management. It may also hold NZ dollar Government Stock, investment grade bonds and bank deposits.
| Value | $216M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 1st Aug. 2019 |
| Total annual fund fees | 0.26% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.18% |
| Other management and administration charges | 0.08% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
George Henderson |
Currently: Portfolio Manager (6 years, 6 months)
|
|
Mark Brown |
Currently: Director, Head of Fixed Income (14 years, 3 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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 | 3.59% | 4.3% |
| 2023 | -0.79% | 2.16% |
| 2022 | -2.46% | 0.09% |
| 2021 | 2.15% | 1.38% |
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. 2024.
NZ Government Stock 15/04/2027 4.50%
New Zealand NZ Fixed Interest AAA
ANZ NZD Cash
New Zealand Cash and Equivalents A-1+
Wpac Bank Deposit Ac 19/2/2025
New Zealand NZ Fixed Interest A-1+
Kiwibank Limited 05/10/2026 2.635%
New Zealand NZ Fixed Interest A1
ASB Bank Limited 16/11/2026 5.928%
New Zealand NZ Fixed Interest AA-
Wpac Bank Deposit Ac 3/2/2025
New Zealand NZ Fixed Interest A-1+
ASB Bank Deposit A/C 3/2/2025
New Zealand NZ Fixed Interest A-1+
Transpower NZ Limited Rcd 26/08/25
New Zealand Cash and Equivalents A-1+
Wpac Bank Deposit Ac 17/1/2025
New Zealand NZ Fixed Interest A-1+
Bank Of New Zealand 08/06/2026 1.884%
New Zealand NZ Fixed Interest AA-
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 45.0% | 16.67% |
| New Zealand Fixed Interest | 55.0% | 83.33% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
