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

    • Meta Platforms Inc-Class A 0.23%
    • Johnson & Johnson 0.22%
    • Thermo Fisher Scientific Inc 0.08%
    • Motorola Solutions Inc 0.03%
    • Activision Blizzard Inc 0.02%
    • Caterpillar Inc 0.02%
    • Uber Technologies Inc 0.02%
    • Elbit Systems Ltd 0.01%
    • Fmc Corp 0.01%
    • L'Oreal 0.13%
    • Colgate-Palmolive Co 0.09%
    • Akzo Nobel N.V. 0.08%
    • Estee Lauder Companies-Cl A 0.07%
    • LVMH Moet Hennessy Louis Vui 0.07%
    • Mowi Asa 0.06%
    • Henkel AG & Co Kgaa Vor-Pref 0.05%
    • Koninklijke Ahold Delhaize N 0.05%
    • Sherwin-Williams Co/The 0.05%
    • Umicore 0.05%
    • Unilever PLC 0.05%
    • Beiersdorf AG 0.04%
    • Ecolab Inc 0.04%
    • Givaudan-Reg 0.04%
    • Idemitsu Kosan Co Ltd 0.04%
    • Johnson Matthey PLC 0.04%
    • Church & Dwight Co Inc 0.03%
    • Kering 0.03%
    • Procter & Gamble Co/The 0.03%
    • Novozymes A/S-B Shares 0.02%
    • Shiseido Co Ltd 0.02%
    • Fmc Corp 0.01%
    • Walmart Inc 0.18%
    • Mtu Aero Engines AG 0.04%
    • Transdigm Group Inc 0.04%
    • Kongsberg Gruppen Asa 0.03%
    • Ventia Services Group Pty Lt 0.03%
    • Booz Allen Hamilton Holdings 0.02%
    • L3Harris Technologies Inc 0.02%
    • Elbit Systems Ltd 0.01%
    • Singapore Tech Engineering 0.01%
    • Contact Energy Ltd 1.00% 1.5°C
      This company is on a 1.5°C pathway
    • Enbridge Inc 0.22% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Neste Oyj 0.13%
    • Franco-Nevada Corp 0.12%
    • Eneos Holdings Inc 0.09%
    • Texas Pacific Land Corp 0.08%
    • Total SA 0.06%
    • Galp Energia Sgps SA 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Idemitsu Kosan Co Ltd 0.04%
    • Parkland Corp 0.03%
    • Equinor Asa 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Cheniere Energy Inc 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Sumitomo Corp 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C

Fund Provider Response

The Fund applies exclusions to areas of concern for each asset class as described in our Ethical Investment Policy, available at trustmanagement.co.nz/responsible-investment

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

The Fund has a balanced, well-diversified asset allocation that is achieved by investing in the Property Fund, Australasian Share Fund, NZ Bond Fund, International Share Fund and International Bond Fund. The Fund’s investment objective is to generate a return that exceeds the composite return of the benchmarks of the underlying Funds into which the Fund invests (for all funds except the Property Fund) and (in the case of the Property Fund) the return of the S&P / NZX 90 Bank Bill Index +2.5%, weighted in proportion to the strategic asset allocation of the Fund, before taking into account fees and expenses.

Value $93M NZD
Period of data report 30th June 2023
Fund started 1st April 2020
Total annual fund fees 0.76%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Other management and administration charges 0.11%
Total other charges 0.0
Total other charges currency NZD

Matthew Goldsack

Currently: General Manager Investments (3 years, 4 months)
Previously: Head of Investment Solutions, BT Funds Management (11 years, 2 months)

Halie Hartigan

Currently: Investment Manager (1 years, 0 months)
Previously: Manager Responsible Investments, ASB Group Investments (9 years, 9 months)

Teresa Brandts-Giesen

Currently: Senior Manger Markets (0 years, 3 months)
Previously: Director, PWC (2 years, 0 months)

Rachael Mcdonald

Currently: Chief Executive (0 years, 10 months)
Previously: Managing Partner, BVI, Mourant Ozannes (10 years, 0 months)

Shane Coward

Currently: Chief Operating Officer (8 years, 6 months)
Previously: General Manager Finance, Trust Investments Management Limited (12 years, 0 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 -4.94% -4.6%
2022 1.99% 2.9%
2021 33.68% 17.3%
2020 -4.45% 0.0%
2019 6.12% 0.0%
2018 8.66% 0.0%
2017 7.20% 0.0%
2016 5.40% 0.0%
2015 12.09% 0.0%
2014 9.56% 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 30th June 2023.

Top 10 Investments

  • State Street Climate ESG International Equity Fund
    Australia International Equities
    22.07%
  • Blackrock Ishares ESG Global Bond Index Fund
    Australia Int Fixed Interest
    10.06%
  • 13 Quentin Drive, Hamilton
    New Zealand Unlisted Property
    3.18%
  • Izone Drive, Rolleston
    New Zealand Unlisted Property
    2.55%
  • 105 Wiri Station Road, Auckland
    New Zealand Unlisted Property
    2.48%
  • 1 Jerry Green Street, Auckland
    New Zealand Unlisted Property
    2.26%
  • 31 Taurikura Drive, Tauranga
    New Zealand Unlisted Property
    2.25%
  • 8 Eagle Way, Auckland
    New Zealand Unlisted Property
    2.1%
  • 17 Chappie Place, Hornby
    New Zealand Unlisted Property
    2.01%
  • New Zealand Govt 200925 2.0 Indexed Bond
    New Zealand NZ Fixed Interest AAA
    1.9%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 20.0% 19.6%
International Fixed Interest 10.0% 9.97%
Australasian Equities 17.0% 17.43%
International Equities 21.0% 22.09%
Listed Properties 0.0% 0.0%
Unlisted Properties 32.0% 30.89%
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.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.