Clarity - Capital Group New Perspective Fund

Not Mindful

Fund type: Aggressive fund

Past Returns: No three year data yet

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

Annual Fees: 1.31%

Annual fees, including management and administration fees, but not membership 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

Aker BP Asa 0.09%
Conocophillips 0.26%
Engie SA 0.13%
Eog Resources Inc 0.16%
Equinor Asa 0.09%
Mitsui & Co 0.25%
Reliance Industries Ltd 0.70%
Tc Energy Corp 0.14%
Vale SA On 0.35%
Vale SA On Adr 0.89%

Weapons

Airbus Se (Bearer) 0.63%
Axon Enterprise Inc 0.04%
Bae Systems PLC 0.19%
Boeing Co 0.09%
Honeywell International Inc 0.14%
Northrop Grumman Corp 0.03%
Safran SA 0.44%
Transdigm Group Inc 0.17%

Tobacco

British American Tobacco PLC 0.23%
Philip Morris International Inc 0.33%

Gambling

Flutter Entertainment PLC (Dublin) 0.09%
Galaxy Entertainment Group Ltd 0.14%
Melco Resorts & Entertainment Ltd Adr 0.05%
Wynn Macau Ltd 0.04%

Alcohol

Anheuser-Busch Inbev SA/Nv 0.21%
Carlsberg A/S B 0.37%
Constellation Brands Inc Cl A 0.12%
LVMH Moet Hennessy Louis Vuitton Se 0.93%
Pernod Ricard SA 0.28%

Human Rights & Environmental Violations

Activision Blizzard Inc 0.14%
Barrick Gold Corp (USD) 0.30%
Bayer AG 0.10%
Grupo Mexico Sab De Cv B 0.08%
Motorola Solutions Inc 0.35%
Mtn Group Ltd 0.25%
Nestle SA 0.97%
Uber Technologies Inc 0.19%
Vale SA On 0.35%
Vale SA On Adr 0.89%

Animal Testing

Air Liquide SA (Bearer) 0.14%
Archer-Daniels-Midland Co 0.06%
Associated British Foods PLC 0.04%
Bayer AG 0.10%
British American Tobacco PLC 0.24%
Danone SA 0.06%
General Mills Inc 0.08%
Hermes International 0.60%
Honeywell International Inc 0.14%
International Flavors & Fragrances Inc 0.19%
Koninklijke Dsm Nv 0.61%
Kose Corp 0.07%
L'Oreal SA (Bearer) 0.14%
L'Oreal SA (Loyalty Bonus Div) (Not Listed Or Trading) 0.06%
L'Oreal SA Loyalty Bonus Shares 2023 (Not Listed Or Trading) 0.05%
LVMH Moet Hennessy Louis Vuitton Se 0.93%
Lanxess AG 0.16%
Linde PLC 0.49%
Mondelez International Inc 0.30%
Mosaic Company (The) 0.09%
Nestle SA 0.96%
Nutrien Ltd 0.09%
Philip Morris International Inc 0.33%
Reckitt Benckiser Group PLC 0.17%
Reliance Industries Ltd 0.70%
Sherwin-Williams Co 0.59%
Shin-Etsu Chemical Co Ltd 0.56%
Sociedad Quimica Y Minera De Chile SA B Adr 0.07%
Unilever PLC 0.03%
Unilever PLC (EUR) 0.04%

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

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
2022	3.19%	3.17%
2021	36.07%	47.86%

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 March 31st 2022.

Showing the top 10 investments for this fund:

Capital Group New Perspective Fund Class Ch-NZD
Luxembourg International Equities

56.47%
Capital Group New Perspective Fund Class C NZD
Luxembourg International Equities

42.27%
NZD Cash At Bank
New Zealand Australasian Equities

1.26%

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

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	2.0%	1.26%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	0.0%	0.0%
Australasian Equities	0.0%	0.0%
International Equities	98.0%	98.74%
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 March 31st 2022.

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).

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:

0.00%
Alcohol:

1.91%
Animal Testing:

8.12%
Fossil Fuels:

3.07%
Gambling:

0.32%
GMOs:

0.00%
Human Rights & Environmental Violations:

3.61%
Palm Oil:

0.00%
Tobacco:

0.56%
Weapons:

1.73%

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 their policy may be less stringent than the definitions applied by Mindful Money.

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.

In their own words

"The Fund aims to achieve long-term growth of capital by investing in shares of companies located around the world. The Fund is managed by Capital Group, and favours companies expected to benefit from structural trends in the global economy."

Value	$110M NZD
Period of data report	Thu March 31st 2022
Fund started	Fri Oct. 25th 2019
Total annual fund fees	1.31%
Total performance based fees	0.0%
Manager's basic fee	0.91%
Other management and administration charges	0.4%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Alan Lee	Currently: Director, JMI Wealth Limited and Clarity Funds Management Limited (16 years, 9 months) Previously: Director, Jarden Morgan Investment Services Limited (4 years, 0 months)
Andrew Kelleher	Currently: Director, JMI Wealth Limited and Clarity Funds Management Limited (13 years, 11 months) Previously: Acting Managing Principal, ASB Securities Limited and Investment Consultant, ASB Limited (3 years, 5 months)
Josh Wilson	Currently: Chief Investment Officer, Clarity Funds Management Limited (3 years, 0 months) Previously: Portfolio Manager, NZ Funds (7 years, 10 months)
Harry Cunninghame	Currently: Investment Analyst, Clarity Funds Management Limited (2 years, 1 months) Previously: Investment Performance and Risk Analyst, Milford Asset Management (1 years, 2 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v