Funds
NZ Funds Wealth Builder - Income Strategy
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:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Human Rights Violations
-
Uber Technologies Inc 2.43%
Labour Rights Violations
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 TECHNOLOGIES INC Labour Rights Violations
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.
-
Uber Technologies Inc 2.43%
Animal Cruelty
-
Tyson Foods Inc 0.95%
Animal Welfare Issues
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Factory Farming
Where companies are involved in intensive poultry operations, including managing direct operations which raise birds or managing a network of contracted farmers, slaughtering, packaging and onward sale to wholesalers, retailers, and restaurant chains.
-
Tyson Foods Inc 0.95%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 31st March 2023 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
The objective of the NZ Funds Wealth Builder - Income Strategy is to provide exposure to income assets. The fund is anticipated to mainly hold New Zealand, Australian and international bonds.
| Value | $9.9M NZD |
| Period of data report | 30th June 2023 |
| Fund started | 27th Feb. 2020 |
| Total annual fund fees | 1.39% |
| Total performance based fees | 0.28% |
| Manager's basic fee | 1.06% |
| Other management and administration charges | 0.05% |
| Total other charges | 29.76 |
| Total other charges currency | NZD |
Key Personnel
|
Michael Lang |
Currently: Chief Executive and a Director (4 years, 9 months) |
|
James Grigor |
Currently: Chief Investment Officer and a Principal (4 years, 7 months) |
|
Mark Brooks |
Currently: Head of Income and a Principal (15 years, 7 months) |
|
David Haslam |
Currently: Senior Dealer (6 years, 6 months) |
|
Casey Keiper |
Currently: Senior Equity Analyst (0 years, 9 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.
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 |
|---|---|---|
| 2023 | -0.79% | -2.84% |
| 2022 | -2.46% | -0.32% |
| 2021 | 2.15% | 12.89% |
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 30th June 2023.
Top 10 Investments
-
Gfl Environ Inc 4.375% 15/08/2029
Canada Int Fixed Interest B-5.41% -
ANZ Bank Ltd 2.999% 17/09/2031
New Zealand NZ Fixed Interest A-5.36% -
Housing NZ Ltd 3.42% 18/10/2028
New Zealand NZ Fixed Interest AA+5.23% -
Westpac Bank Bill 5.88% 13/09/2023
New Zealand Cash and Equivalents A-1+4.21% -
Westpac Bank Bill 5.84% 16/08/2023
New Zealand Cash and Equivalents A-1+4.2% -
Westpac Ltd 2.22% 29/07/2024
New Zealand NZ Fixed Interest AA-4.03% -
Westpac Cash
New Zealand Cash and Equivalents A-1+3.79% -
BNZ Bank Bill 5.56% 24/07/2023
New Zealand Cash and Equivalents A-1+3.19% -
BNZ Bank Bill 5.57% 16/08/2023
New Zealand Cash and Equivalents A-1+2.94% -
BNZ Bank Bill 5.68% 14/09/2023
New Zealand Cash and Equivalents A-1+2.93%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 8.0% | 22.99% |
| New Zealand Fixed Interest | 45.0% | 44.02% |
| International Fixed Interest | 47.0% | 32.99% |
| 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% |
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 30th June 2023.