Trust Management - ESG Balanced Fund

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Fund type: Growth fund

Past Returns: *17.80%

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

Annual Fees: 0.76%

Annual fees, including management and administration fees, but not membership 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.


Fossil Fuel

Coca Cola Co/The 0.05%
Franco Nevada Corp 0.08%
Hong Kong + China Gas 0.03%
Kinder Morgan Inc 0.21%
Neste Oyj 0.02%
Parkland Corp 0.03%

Weapons

L3Harris Technologies Inc 0.02%
Leidos Holdings Inc 0.02%
Singapore Tech Engineering 0.02%
Transdigm Group Inc 0.01%

Tobacco

Gambling

Caesars Entertainment Inc 0.01%
Flutter Entertainment PLC Di 0.01%
La Francaise Des Jeux Saem 0.02%

Adult Entertainment/Pornography

Caesars Entertainment Inc 0.01%

Alcohol

Heineken Holding Nv 0.05%
LVMH Moet Hennessy Louis Vui 0.07%

Human Rights & Environmental Violations

Johnson + Johnson 0.07%
Motorola Solutions Inc 0.02%

Animal Testing

Albemarle Corp 0.01%
Beiersdorf AG 0.02%
Coca Cola Co/The 0.05%
Ecolab Inc 0.06%
Estee Lauder Companies Cl A 0.06%
Fmc Corp 0.02%
Givaudan Reg 0.09%
Glaxosmithkline PLC 0.04%
Henkel AG + Co Kgaa 0.01%
Henkel AG + Co Kgaa Vor Pref 0.03%
Hp Inc 0.03%
Intl Flavors + Fragrances 0.03%
Johnson + Johnson 0.07%
Johnson Matthey PLC 0.03%
L Oreal 0.10%
LVMH Moet Hennessy Louis Vui 0.07%
Novozymes A/S B Shares 0.05%
PPG Industries Inc 0.01%
Procter + Gamble Co/The 0.11%
Reckitt Benckiser Group PLC 0.02%
Sainsbury (J) PLC 0.02%
Sherwin Williams Co/The 0.06%
Shiseido Co Ltd 0.01%
Tesco PLC 0.01%
Umicore 0.08%
Unilever PLC 0.04%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Sept. 30th 2021 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.

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
2021 27.54% 17.8%

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • State Street Climate ESG International Equity Fund
    Australia International Equities
    21.42%
  • Blackrock Ishares ESG Global Bond Index Fund
    Australia Int Fixed Interest
    8.86%
  • 1/31 Taurikura Drive Tauranga
    New Zealand Unlisted Property
    3.93%
  • 105 Wiri Station Road
    New Zealand Unlisted Property
    2.73%
  • Izone Drive Rolleston
    New Zealand Unlisted Property
    2.56%
  • 1 Jerry Green Street Wiri
    New Zealand Unlisted Property
    2.44%
  • 433 East Tamaki Road
    New Zealand Unlisted Property
    2.3%
  • 17 Chappie Place Hornby
    New Zealand Unlisted Property
    2.28%
  • 9 Stonehill Drive Auckland
    New Zealand Unlisted Property
    1.98%
  • 104-140 Neilson St
    New Zealand Unlisted Property
    1.95%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Dec. 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.29%
New Zealand Fixed Interest 20.0% 19.8%
International Fixed Interest 10.0% 8.89%
Australasian Equities 17.0% 18.43%
International Equities 21.0% 21.47%
Listed Properties 0.0% 0.0%
Unlisted Properties 32.0% 31.2%
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 Fri Dec. 31st 2021.

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).

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:
    0.02%
  • Alcohol:
    0.15%
  • Animal Testing:
    1.18%
  • Fossil Fuels:
    0.43%
  • Gambling:
    0.07%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.10%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.08%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Sept. 30th 2021 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 exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

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 which targets an allocation between income assets and growth assets of 62%/38%. 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 $95M NZD
Period of data report Fri Dec. 31st 2021
Fund started Wed April 1st 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

Richard Frogley

Currently: Senior Portfolio Analyst (7 years, 6 months)
Previously: Research Analyst Macquarie Group (1 years, 9 months)

Matthew Goldsack

Currently: General Manager Investments (1 years, 10 months)
Previously: Head of Investment Solutions BT Funds Management (11 years, 2 months)

Anna Boyle

Currently: Investment Manager (0 years, 10 months)
Previously: Portfolio Manager BT Funds Management (10 years, 10 months)

Grant Hope

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

Shane Coward

Currently: Chief Operating Officer (7 years, 0 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 Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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