Funds

Trust Management - ESG International Bond Fund

Total Ethical Concerns: 1.20%

The average total concerns of all managed defensive funds is 1.99%.

Companies of Concern

  • Animal Cruelty 0.1%

    • Unilever PLC
      0.10%
      0.10%
  • Human Rights Violations 0.8%

    • 0.20%
    • Wells Fargo
      0.20%
      0.20%
    • Alstom S.A
      0.10%
      0.10%
    • General Motors
      0.10%
      0.10%
    • UBS
      0.10%
      0.10%
  • Environmental Harm 0.4%

    • Coca-Cola
      0.10%
      0.10%
    • Danone
      0.10%
      0.10%
    • PepsiCo
      0.10%
      0.10%
    • Unilever PLC
      0.10%
      0.10%

Fund Provider Response

In July 2025, we divested from BlackRock’s iShares ESG Screened Global Bond Index Fund and invested with Nuveen’s Global Core Impact Bond Fund. This change gives investors access to Nuveen’s strong fixed income expertise and deepens ESG and impact integration. The Fund offers broad global investment grade fixed income exposure, with around 40% in impact bonds financing affordable housing, community development, renewable energy, and natural resource protection. The remainder is invested in bonds issued by ESG leaders, as assessed by Nuveen. Corporate issuers are screened, while impact bonds are exempt from these screening criteria.

From the Fund Provider

  • About this fund

    About this Fund

    The Fund provides a diversified exposure to international fixed interest securities that meet certain ethical investment criteria. The investment objective of the Fund is to to generate a total return similar to the return of 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 $52.3M NZD
    Period of data report 31st March 2025
    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

    Halie Hartigan

    Currently: Investment Manager (2 years, 9 months)
    Previously: Manager Responsible Investments, ASB Group Investments (9 years, 9 months)

    Matthew Goldsack

    Currently: General Manager Investments (5 years, 1 months)
    Previously: Head of Investment Solutions, BT Funds Management (11 years, 2 months)

    Rachael Mcdonald

    Currently: Chief Executive (2 years, 7 months)
    Previously: Managing Partner, BVI, Mourant Ozannes (10 years, 0 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.87% 2.4%
    2024 3.43% 2.2%
    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%

    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 March 2025.

  • Investments

    Top 10 Investments

    • Blackrock Ishares ESG Screened Global Bond Index Fund

      Australia Int Fixed Interest

      100.11%
    • Unrealised Foreign Exchange Hedging P&L

      New Zealand Other AA-

      0.39%
    • Cash and Cash Equivalents

      New Zealand Cash and Equivalents

      0.22%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 0.22%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 100.0% 99.78%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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 2025 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.

Issues of Concern

  • 0.1% Animal Cruelty
  • 0.8% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Fossil Fuels
  • 0.0% Weapons
  • 0.4% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Unilever PLC
      0.10%
      0.10%
  • Human Rights Violations

    • 0.20%
    • Wells Fargo
      0.20%
      0.20%
    • Alstom S.A
      0.10%
      0.10%
    • General Motors
      0.10%
      0.10%
    • UBS
      0.10%
      0.10%
  • Environmental Harm

    • Coca-Cola
      0.10%
      0.10%
    • Danone
      0.10%
      0.10%
    • PepsiCo
      0.10%
      0.10%
    • Unilever PLC
      0.10%
      0.10%

Fund Provider Response

In July 2025, we divested from BlackRock’s iShares ESG Screened Global Bond Index Fund and invested with Nuveen’s Global Core Impact Bond Fund. This change gives investors access to Nuveen’s strong fixed income expertise and deepens ESG and impact integration. The Fund offers broad global investment grade fixed income exposure, with around 40% in impact bonds financing affordable housing, community development, renewable energy, and natural resource protection. The remainder is invested in bonds issued by ESG leaders, as assessed by Nuveen. Corporate issuers are screened, while impact bonds are exempt from these screening criteria.

About this Fund

The Fund provides a diversified exposure to international fixed interest securities that meet certain ethical investment criteria. The investment objective of the Fund is to to generate a total return similar to the return of 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 $52.3M NZD
Period of data report 31st March 2025
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

Halie Hartigan

Currently: Investment Manager (2 years, 9 months)
Previously: Manager Responsible Investments, ASB Group Investments (9 years, 9 months)

Matthew Goldsack

Currently: General Manager Investments (5 years, 1 months)
Previously: Head of Investment Solutions, BT Funds Management (11 years, 2 months)

Rachael Mcdonald

Currently: Chief Executive (2 years, 7 months)
Previously: Managing Partner, BVI, Mourant Ozannes (10 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 3.87% 2.4%
2024 3.43% 2.2%
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%

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 March 2025.

Top 10 Investments

  • Blackrock Ishares ESG Screened Global Bond Index Fund

    Australia Int Fixed Interest

    100.11%
  • Unrealised Foreign Exchange Hedging P&L

    New Zealand Other AA-

    0.39%
  • Cash and Cash Equivalents

    New Zealand Cash and Equivalents

    0.22%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.22%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 99.78%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.