NZ Funds Wealthbuilder - Income Strategy

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Not Mindful
Type: Defensive fund
Past Returns: No 3 year data yet

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

Annual Fees: 1.12%

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.


Human Rights & Environmental Violations

Southern Copper Corp 2.59%

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

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 Hong Kong USD Current Account
    United States Cash and Equivalents A-1
    16.49%
  • Vector Ltd 4.996% 14/03/2024
    New Zealand NZ Fixed Interest BBB
    5.22%
  • Citibank Australia AUD Current Account
    United States Cash and Equivalents A-1
    5.01%
  • Goldmans Sachs Otc Collateral NZD Margin Account
    United Kingdom Cash and Equivalents A-1
    4.12%
  • Westpac Current Account
    New Zealand Cash and Equivalents AA-
    4.11%
  • Westpac Banking 4.695% 01/09/2026
    New Zealand NZ Fixed Interest BBB
    3.37%
  • American Homes 4 Rent 4.9% 15/02/2029
    United States Int Fixed Interest BBB-
    3.35%
  • Westpac Bank Bill 14/04/2020
    New Zealand Cash and Equivalents A-1+
    3.15%
  • Citibank New Zealand NZD Current Account
    United States Cash and Equivalents A-1
    3.01%
  • Jpmorgan Chase 3.625% 01/12/2027
    United States Int Fixed Interest BBB+
    2.93%

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% 27.27%
New Zealand Fixed Interest 40.0% 34.96%
International Fixed Interest 55.0% 37.77%
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%

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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.59%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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 NZ Funds WealthBuilder - Income Strategy is to provide exposure to income assets. The fund is anticipated to hold mainly Australasian andinternational bonds."

Value $910 NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Mon Nov. 25th 2019
Total annual fund fees 1.12%
Total performance based fees 0.02%
Manager's basic fee 1.0%
Administration charges 0.1%
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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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.