NZ Funds Equity Inflation Portfolio

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Not Mindful
Type: Balanced fund
Past Returns: 0.75%

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

Annual Fees: 3.05%

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

BP PLC 0.25%
Cms Energy Corp 0.49%
Conocophillips 0.13%
Lyondellbasell Industries Nv 0.07%
Oil Search Ltd 0.04%
Tatneft Pao 0.07%
Total SA 0.11%
Valero Energy Corp 0.06%

Weapons

L3Harris Technologies Inc 0.34%
Raytheon Co 0.22%

Tobacco

Altria Group Inc 0.36%

Alcohol

Altria Group Inc 0.36%
LVMH Moet Hennessy Louis Vuitton Se 0.34%
Molson Coors Brewing Co 0.10%

GMOs

Dupont De Nemours Inc 0.25%

Human Rights & Environmental Violations

Johnson & Johnson 0.45%
Kbr Inc 0.24%
Nestle SA 0.26%

Animal Testing

Altria Group Inc 0.360%
Croda International PLC 0.130%
Danone SA 0.280%
Johnson & Johnson 0.450%
LVMH Moet Hennessy Louis Vuitton Se 0.340%
Nestle SA 0.260%

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 -2.86% -3.03%
2019 4.44% 1.72%
2018 4.90% 3.56%
2017 5.60% 2.21%
2016 3.06% 2.76%
2015 8.56% 15.47%
2014 6.13% 6.86%
2013 8.77% 7.86%
2012 0.50% -1.77%
2011 6.26% 19.37%

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:

  • Citibank New Zealand NZD Current Account
    United States Cash and Equivalents A-1
    15.44%
  • Suvretta Offshore Fund
    Cayman Islands International Equities
    11.07%
  • Goldman Sachs NZD Margin Account
    United Kingdom Cash and Equivalents A-1
    10.6%
  • Citibank Hong Kong USD Current Account
    United States Cash and Equivalents A-1
    8.98%
  • Westpac Bank Bill 14/04/2020
    New Zealand Cash and Equivalents A-1+
    8.31%
  • United States Government Bond 1.5% 15/02/2030
    United States Int Fixed Interest AAA
    7.66%
  • National Australia Bank Income Securities Perpetual
    Australia Int Fixed Interest BBB-
    5.82%
  • Emerson Point Capital Partners Lp
    United States International Equities
    4.72%
  • New Zealand Government Bond 3% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    4.09%
  • Universa Black Swan Protection Protocol
    Cayman Islands Other
    3.98%

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 5.0% 14.28%
New Zealand Fixed Interest 12.0% 7.49%
International Fixed Interest 13.0% 24.04%
Australasian Equities 0.0% 0.0%
International Equities 70.0% 50.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 3.9%
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:
    0.00%
  • Alcohol:
    0.80%
  • Animal Testing:
    1.82%
  • Fossil Fuels:
    1.22%
  • Gambling:
    0.00%
  • GMOs:
    0.25%
  • Human Rights & Environmental Violations:
    0.95%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.36%
  • Weapons:
    0.56%

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 objective of the Equity Inflation Portfolio is to mitigate the impact of inflation on your investment over the medium and/or long term. The fund is anticipated to hold mainly Australasian and international bonds and international shares."

Value $78M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Sat Aug. 26th 2000
Total annual fund fees 3.05%
Total performance based fees 0.0%
Manager's basic fee 2.51%
Administration charges 0.54%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Michael Lang

Currently: Chief Executive and a Director (1 years, 6 months)
Previously: Chief Investment Officer New Zealand Funds Management Limited (10 years, 1 months)

James Grigor

Currently: Chief Investment Officer and a Principal (1 years, 4 months)
Previously: Senior Portfolio Manager New Zealand Funds Management Limited (1 years, 7 months)

David Haslam

Currently: Senior Dealer (3 years, 3 months)
Previously: Equities Trader UBS NZ (0 years, 11 months)

Mark Brooks

Currently: Head of Income and a Principal (12 years, 4 months)
Previously: Senior Portfolio Manager Credaris (3 years, 4 months)

David Wilson

Currently: Chief Operating Officer - Investments and a Principal (1 years, 4 months)
Previously: Investment Strategist New Zealand Funds Management Limited (21 years, 11 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.

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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.