Trust Management - NZ Bond Fund

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Not Mindful
Type: Defensive fund
Past Returns: 0.00%

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

Annual Fees: 0.52%

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.


This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics and research organisations.

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.

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 1.67% 0.0%
2019 2.69% 0.0%
2018 2.37% 0.0%
2017 1.63% 0.0%
2016 2.91% 0.0%
2015 5.21% 0.0%
2014 1.36% 0.0%
2013 4.22% 0.0%
2012 3.86% 0.0%
2011 3.79% 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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • NZ Government Stock 15/04/2037 2.75%
    New Zealand NZ Fixed Interest AA+
    12.96%
  • Housing New Zealand Ltd 24/04/30 2.183%
    New Zealand NZ Fixed Interest AA+
    7.71%
  • Mercury NZ Limited 11/09/2027 1.56%
    New Zealand NZ Fixed Interest BBB+
    7.56%
  • Cash and Cash Equivalents (Excluding Outstanding Settlements)
    New Zealand NZ Fixed Interest AA-
    6.3%
  • Asian Development Bank 16/04/26 2.375%
    New Zealand NZ Fixed Interest AAA
    5.22%
  • NZ Government Stock 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AA+
    5.08%
  • NZ Government Stock 20/04/2029 3.00%
    New Zealand NZ Fixed Interest AA+
    4.24%
  • NZ Local Gov Fund Agency 14/04/33 3.50%
    New Zealand NZ Fixed Interest AA+
    4.03%
  • NZ Local Gov Fund Agency 15/04/27 4.50%
    New Zealand NZ Fixed Interest AA+
    3.99%
  • International Fin Corp 09/08/27 3.75%
    New Zealand NZ Fixed Interest AAA
    3.8%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 30th 2020.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 6.26%
New Zealand Fixed Interest 100.0% 93.74%
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%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 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:
    0.00%
  • 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 Wed Sept. 30th 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, Sustainalytics 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 Fund provides exposure to a diversified portfolio of fixed interest securities focusing predominantly on government bonds and corporate issues in the New Zealand market which meet certain sustainability criteria. The investment objective of the Fund is to maximise income available for distribution while generating a total return broadly consistent with that of the S&P/NZX New Zealand Government Bond Index over rolling three-year periods before taking into account fees and expenses."

Value $32M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Wed April 1st 2020
Total annual fund fees 0.52%
Total performance based fees 0.0%
Manager's basic fee 0.3%
Administration charges 0.22%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Richard Frogley

Currently: Portfolio Manager (6 years, 3 months)
Previously: Research Analyst Macquarie Group (1 years, 9 months)

Matthew Goldsack

Currently: General Manager Investments (0 years, 7 months)
Previously: Head of Investment Solutions BT Funds Management (11 years, 2 months)

Shane Coward

Currently: General Manager (5 years, 9 months)
Previously: General Manager Finance Trust Investments Management Limited (12 years, 0 months)

Grant Hope

Currently: Chief Executive (10 years, 9 months)
Previously: General Manager Trust Investments Management Limited (5 years, 5 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.