Funds

Trust Management - ESG NZ Bond Fund

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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.

This fund has no investments in issues of concern

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

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. 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 Fund provides a diversified exposure to New Zealand fixed-interest securities that meet certain ethical investment criteria. The investment objective of the Fund is to maximise income available for distribution, while generating a total return that exceeds the return of the Bloomberg NZBond Composite 0+ Year Index over rolling three-year periods, before taking into account fees and expenses.

Value $114M NZD
Period of data report 31st Dec. 2023
Fund started 1st April 2020
Total annual fund fees 0.38%
Total performance based fees 0.0%
Manager's basic fee 0.3%
Other management and administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Fergus Mcdonald

Currently: Head of Bonds and Currency, Nikko (23 years, 6 months)
Previously: NZ Fixed Interest Manager, Nikko (10 years, 5 months)

Ian Bellew

Currently: Fixed Income Manager, Nikko (12 years, 0 months)
Previously: Cash Portfolio Manager, Nikko (4 years, 10 months)

Matthew Johnson

Currently: Fixed Income Manager, Nikko (5 years, 3 months)
Previously: Senior Strategy Analyst, The Comfort Group (2 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 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% -0.3%
2022 -2.46% -5.3%
2021 2.15% 0.3%
2020 1.75% 0.0%
2019 2.76% 0.0%
2018 1.94% 0.0%
2017 1.52% 0.0%
2016 2.91% 0.0%
2015 5.21% 0.0%
2014 1.36% 0.0%

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. 2023.

Top 10 Investments

  • New Zealand Government 150437 2.75 Gb
    New Zealand NZ Fixed Interest AAA
    10.07%
  • New Zealand Govt 200925 2.0 Indexed Bond
    New Zealand NZ Fixed Interest AAA
    9.22%
  • New Zealand Government 150534 4.25 Gb
    New Zealand NZ Fixed Interest AAA
    7.23%
  • Housing New Zealand Ltd 240430 2.183 Cb
    New Zealand NZ Fixed Interest AAA
    6.53%
  • Asian Development Bank 190531 2.125 Gb
    New Zealand NZ Fixed Interest AAA
    5.0%
  • Mercury NZ Ltd 140927 1.56 Gb
    New Zealand NZ Fixed Interest BBB+
    3.56%
  • New Zealand Government 150541 1.75 Gb
    New Zealand NZ Fixed Interest AAA
    3.02%
  • New Zealand Local Government Funding Agency 150437 2.00 Gb
    New Zealand NZ Fixed Interest AAA
    2.81%
  • Transpower New Zealand Ltd 150328 5.893 Gb
    New Zealand NZ Fixed Interest AA
    2.72%
  • Kiwibank Ltd 051026 2.635 Gb
    New Zealand NZ Fixed Interest AA
    2.63%
Type Target Actual
Cash and Cash Equivalents 0.0% 1.26%
New Zealand Fixed Interest 100.0% 98.74%
International Fixed Interest 0.0% 0.0%
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 31st Dec. 2023.