Funds
Trust Management - ESG International Bond 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:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Human Rights Violations
-
Credit Suisse Group AG 0.10%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
-
Johnson & Johnson 0.10%
Public Safety
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
JOHNSON & JOHNSON Public Safety
Johnson & Johnson is the world's largest and most diverse healthcare firm. The company has been involved in repeated incidents related to the quality and safety of several of its products across all three of the company’s business segments — drugs, devices, and consumer products. Several products have been associated with allegations of severe or even fatal adverse impacts on patients.
-
Credit Suisse Group AG 0.10%
Fossil Fuels
Fund Provider Response
The fund has divested from Credit Suisse Group and Qatar Energy since this data was released on 31st March.
Johnson & Johnson’s MSCI ESG rating was upgraded from BBB to A on 25 August 2022.
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
In their own words
The Fund provides a diversified exposure to international fixed interest securities that meet certain ethical investment criteria. The Fund’s investment objective is to closely track the return of the benchmark, the Bloomberg Global Aggregate Index (100% hedged to NZ dollars), subject to meeting certain ethical investment criteria, before taking into account fees and expenses.
| Value | $52M NZD |
| Period of data report | 30th June 2023 |
| Fund started | 1st April 2020 |
| Total annual fund fees | 0.36% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.25% |
| 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 (3 years, 4 months) |
|
Halie Hartigan |
Currently: Investment Manager (1 years, 0 months) |
|
Rachael Mcdonald |
Currently: Chief Executive (0 years, 10 months) |
|
Shane Coward |
Currently: Chief Operating Officer (8 years, 6 months) |
|
Teresa Brandts-Giesen |
Currently: Senior Manager Markets (0 years, 3 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 | -0.79% | -3.8% |
| 2022 | -2.46% | -3.0% |
| 2021 | 2.15% | -1.1% |
| 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 30th June 2023.
Top 10 Investments
-
Blackrock Ishares ESG Global Bond Index Fund
Australia Int Fixed Interest100.94% -
Cash and Cash Equivalents
New Zealand Cash and Equivalents0.27%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.27% |
| New Zealand Fixed Interest | 0.0% | 99.73% |
| International Fixed Interest | 100.0% | 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 30th June 2023.