Funds
Trust Management - ESG Balanced Fund
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Limited 0.95%
- Enbridge Inc 0.15%
- Texas Pacific Land Corp 0.13%
- Contact Energy Ltd 110428 5.82 Cb 0.11%
- Eneos Holdings Inc 0.09%
- Franco Nevada Corp 0.09%
- Neste Oyj 0.06%
- Totalenergies Se 0.06%
- Equinor Asa 0.04%
- Galp Energia Sgps SA 0.04%
- Idemitsu Kosan Co Ltd 0.04%
- Parkland Corp 0.04%
- Valero Energy Corp 0.04%
- Cheniere Energy Inc 0.03%
- Hong Kong + China Gas 0.02%
Weapons
- Walmart Inc 0.18%
- L3Harris Technologies Inc 0.10%
- Kongsberg Gruppen Asa 0.03%
- Transdigm Group Inc 0.03%
- Elbit Systems Ltd 0.01%
- Mtu Aero Engines AG 0.01%
- Rheinmetall AG 0.01%
Human Rights & Environmental Violations
- Johnson + Johnson 0.24%
- Meta Platforms Inc Class A 0.09%
- Thermo Fisher Scientific Inc 0.08%
- Fmc Corp 0.03%
- Motorola Solutions Inc 0.03%
- Caterpillar Inc 0.02%
- Elbit Systems Ltd 0.01%
- Uber Technologies Inc 0.01%
Animal Cruelty
- Coca Cola Co/The 0.14%
- Procter + Gamble Co/The 0.12%
- Colgate Palmolive Co 0.09%
- L Oreal 0.09%
- Ecolab Inc 0.06%
- Estee Lauder Companies Cl A 0.06%
- Sherwin Williams Co/The 0.06%
- Umicore 0.06%
- Johnson Matthey PLC 0.05%
- LVMH Moet Hennessy Louis Vui 0.05%
- Mowi Asa 0.05%
- Idemitsu Kosan Co Ltd 0.04%
- Unilever PLC 0.04%
- Denso Corp 0.03%
- Fmc Corp 0.03%
- Keurig Dr Pepper Inc 0.03%
- Church + Dwight Co Inc 0.02%
- Henkel AG + Co Kgaa Vor Pref 0.02%
- Kering 0.02%
- Koninklijke Ahold Delhaize N 0.02%
- PPG Industries Inc 0.02%
- Beiersdorf AG 0.01%
- Entegris Inc 0.01%
- Shiseido Co Ltd 0.01%
- Tesco PLC 0.01%
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. 2022 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 invests entirely in other Funds, except to the extent cash is held for liquidity purposes. The allocation of the Fund into the underlying Funds is determined by its strategic asset allocation. The Fund incorporates the ethical investment criteria of each of the underlying funds. The Fund's investment objective is to generate a return that tracks the weighted average return of the benchmarks of the underlying funds into which the Fund invests, in proportion to the strategic asset allocation of the Fund, before taking into account fees and expenses.
| Value | $89M NZD |
| Period of data report | 31st Dec. 2022 |
| 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 |
Key Personnel
|
Matthew Goldsack |
Currently: General Manager Investments (2 years, 10 months) |
|
Halie Hartigan |
Currently: Investment Manager (0 years, 6 months) |
|
Richard Frogley |
Currently: Senior Portfolio Analyst (8 years, 6 months) |
|
Rachael Mcdonald |
Currently: Chief Executive (0 years, 4 months) |
|
Shane Coward |
Currently: Chief Operating Officer (8 years, 0 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.00% | |
| Animal Cruelty | 1.14% | |
| Fossil Fuels | 1.91% | |
| Gambling | 0.00% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 0.54% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.38% |
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. 2022 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 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. Similarly Mindful Money uses a broader scope for fossil fuels
than the government’s rules for default KiwiSaver funds. The full definitions
used in the Mindful Money analysis are here.
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 |
|---|---|---|
| 2022 | 1.53% | 2.9% |
| 2021 | 32.66% | 17.3% |
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. 2022.
Top 10 Investments
-
State Street Climate ESG International Equity Fund
Australia International Equities19.88% -
Blackrock Ishares ESG Global Bond Index Fund
Australia Int Fixed Interest7.85% -
13 Quentin Drive, Hamilton
New Zealand Unlisted Property3.6% -
105 Wiri Station Road, Auckland
New Zealand Unlisted Property3.02% -
36 Izone Drive, Rolleston
New Zealand Unlisted Property2.7% -
1 Jerry Green Street, Wiri
New Zealand Unlisted Property2.59% -
31 Taurikura Drive, Tauranga
New Zealand Unlisted Property2.49% -
17 Chappie Place, Hornby
New Zealand Unlisted Property2.31% -
8 Eagle Way, Hamilton
New Zealand Unlisted Property2.17% -
104-140 Neilson St, Auckland
New Zealand Unlisted Property2.13%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.0% |
| New Zealand Fixed Interest | 20.0% | 19.94% |
| International Fixed Interest | 10.0% | 8.05% |
| Australasian Equities | 17.0% | 16.84% |
| International Equities | 21.0% | 20.53% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 32.0% | 34.38% |
| 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. 2022.