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 the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
Uber is a ride and food delivery service provider. Evidence shows the company has been prioritising revenue growth over driver welfare and user safety. As Uber considers its drivers to be contractors, this limits their employee rights to the minimum wage and other benefits, meaning drivers and vehicles are not subject to the labour standards expected from traditional taxi companies.
The objective of the Global Bonds fund is to generate income by investing in a range of income producing assets and other assets with downside mitigation. The fund is anticipated to mainly own and trade international bonds over the minimum suggested timeframe.
| Value | $140M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 31st Oct. 2008 |
| Total annual fund fees | 1.61% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.57% |
| Other management and administration charges | 0.04% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
John Cobb |
Currently: Chair of the Investment Governance Committee and a Director (2 years, 1 months)
|
|
Michael Lang |
Currently: Chief Executive and a Director (6 years, 3 months)
|
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (0 years, 10 months)
|
|
Paul Van Wetering |
Currently: Head of Investment Operations and Responsible Investing (5 years, 0 months)
|
|
Casey Keiper |
Currently: Portfolio Manager and Head of Research (0 years, 6 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% | -1.66% |
| 2023 | -0.79% | 0.35% |
| 2022 | -2.46% | -0.23% |
| 2021 | 2.15% | 15.07% |
| 2020 | 1.75% | -2.79% |
| 2019 | 2.76% | 2.38% |
| 2018 | 1.94% | 0.29% |
| 2017 | 1.52% | 2.62% |
| 2016 | 2.91% | 2.39% |
| 2015 | 5.21% | 2.8% |
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.
Westpac Bank Bill 4.42% 20/03/2025
New Zealand Cash and Equivalents A-1+
Westpac Bank Bill 4.665% 13/02/2025
New Zealand Cash and Equivalents A-1+
BNZ Bank Bill 4.22% 20/03/2025
New Zealand Cash and Equivalents A-1+
BNZ Bank Bill 4.40% 20/02/2025
New Zealand Cash and Equivalents A-1+
Westpac Cash
New Zealand Cash and Equivalents A-1+
BNZ Bank Bill 4.53% 29/01/2025
New Zealand Cash and Equivalents A-1+
John Deere Capital Corp 4.5% 16/01/2029
United States Int Fixed Interest A
Apple Inc 4.0% 10/05/2028
United States Int Fixed Interest AA+
Novartis Finance SA 0.0% 23/09/2028
Luxembourg Int Fixed Interest AA-
Amgen Inc 5.15% 02/03/2028
United States Int Fixed Interest BBB+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 57.77% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 95.0% | 42.23% |
| 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 the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
Uber is a ride and food delivery service provider. Evidence shows the company has been prioritising revenue growth over driver welfare and user safety. As Uber considers its drivers to be contractors, this limits their employee rights to the minimum wage and other benefits, meaning drivers and vehicles are not subject to the labour standards expected from traditional taxi companies.
The objective of the Global Bonds fund is to generate income by investing in a range of income producing assets and other assets with downside mitigation. The fund is anticipated to mainly own and trade international bonds over the minimum suggested timeframe.
| Value | $140M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 31st Oct. 2008 |
| Total annual fund fees | 1.61% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.57% |
| Other management and administration charges | 0.04% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
John Cobb |
Currently: Chair of the Investment Governance Committee and a Director (2 years, 1 months)
|
|
Michael Lang |
Currently: Chief Executive and a Director (6 years, 3 months)
|
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (0 years, 10 months)
|
|
Paul Van Wetering |
Currently: Head of Investment Operations and Responsible Investing (5 years, 0 months)
|
|
Casey Keiper |
Currently: Portfolio Manager and Head of Research (0 years, 6 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% | -1.66% |
| 2023 | -0.79% | 0.35% |
| 2022 | -2.46% | -0.23% |
| 2021 | 2.15% | 15.07% |
| 2020 | 1.75% | -2.79% |
| 2019 | 2.76% | 2.38% |
| 2018 | 1.94% | 0.29% |
| 2017 | 1.52% | 2.62% |
| 2016 | 2.91% | 2.39% |
| 2015 | 5.21% | 2.8% |
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.
Westpac Bank Bill 4.42% 20/03/2025
New Zealand Cash and Equivalents A-1+
Westpac Bank Bill 4.665% 13/02/2025
New Zealand Cash and Equivalents A-1+
BNZ Bank Bill 4.22% 20/03/2025
New Zealand Cash and Equivalents A-1+
BNZ Bank Bill 4.40% 20/02/2025
New Zealand Cash and Equivalents A-1+
Westpac Cash
New Zealand Cash and Equivalents A-1+
BNZ Bank Bill 4.53% 29/01/2025
New Zealand Cash and Equivalents A-1+
John Deere Capital Corp 4.5% 16/01/2029
United States Int Fixed Interest A
Apple Inc 4.0% 10/05/2028
United States Int Fixed Interest AA+
Novartis Finance SA 0.0% 23/09/2028
Luxembourg Int Fixed Interest AA-
Amgen Inc 5.15% 02/03/2028
United States Int Fixed Interest BBB+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 57.77% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 95.0% | 42.23% |
| 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.
