Trust Management - International Share Fund

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Not Mindful
Type: Aggressive fund
Past Returns: 0.00%

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

Annual Fees: 0.48%

Annual fees, including any membership and % management 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 0.65%
Eneos Holdings Inc 0.02%
Franco Nevada Corp 0.28%
Kansas City Southern 0.14%
Kinder Morgan Inc 0.63%
Neste Oyj 0.18%
Parkland Corp 0.09%
Power Assets Holdings Ltd 0.12%
Total Se 0.21%

Weapons

Canadian Tire Corp Class A 0.03%
Heico Corp Class A 0.02%
L3Harris Technologies Inc 0.14%
Leidos Holdings Inc 0.10%
Singapore Tech Engineering 0.08%
Teledyne Technologies Inc 0.02%
Transdigm Group Inc 0.05%

Tobacco

Lawson Inc 0.05%
Seven + I Holdings Co Ltd 0.02%

Gambling

Flutter Entertainment PLC 0.06%
La Francaise Des Jeux Saem 0.07%
Las Vegas Sands Corp 0.06%
Mgm Resorts International 0.02%
Sands China Ltd 0.04%

Adult Entertainment/Pornography

Mgm Resorts International 0.02%

Alcohol

Brown Forman Corp Class B 0.03%
Constellation Brands Inc A 0.05%
Diageo PLC 0.17%
Heineken Holding Nv 0.23%
LVMH Moet Hennessy Louis Vui 0.27%
Pernod Ricard SA 0.12%

Animal Testing

Akzo Nobel N.V. 0.160%
Axalta Coating Systems Ltd 0.080%
Beiersdorf AG 0.130%
Burberry Group PLC 0.040%
Church + Dwight Co Inc 0.030%
Coca Cola Co/The 0.650%
Colgate Palmolive Co 0.280%
Ecolab Inc 0.370%
Estee Lauder Companies Cl A 0.400%
Fmc Corp 0.340%
Givaudan Reg 0.520%
Glaxosmithkline PLC 0.180%
Henkel AG + Co Kgaa 0.060%
Henkel AG + Co Kgaa Vorzug 0.330%
Hp Inc 0.260%
Intl Flavors + Fragrances 0.170%
Johnson Matthey PLC 0.130%
Kao Corp 0.070%
Koninklijke Dsm Nv 0.070%
LVMH Moet Hennessy Louis Vui 0.270%
Orkla Asa 0.080%
Pepsico Inc 0.070%
Pola Orbis Holdings Inc 0.020%
PPG Industries Inc 0.220%
Procter + Gamble Co/The 0.840%
Puma Se 0.060%
Ralph Lauren Corp 0.030%
Reckitt Benckiser Group PLC 0.100%
Sainsbury (J) PLC 0.060%
Seven + I Holdings Co Ltd 0.020%
Sherwin Williams Co/The 0.340%
Shiseido Co Ltd 0.140%
Symrise AG 0.010%
Tesco PLC 0.070%
Umicore 0.140%
Unilever PLC 0.260%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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
2020 -7.57% 0.0%
2019 10.01% 0.0%
2018 7.40% 0.0%
2017 9.64% 0.0%
2016 4.71% 0.0%
2015 14.67% 0.0%
2014 10.13% 0.0%
2013 13.93% 0.0%
2012 -2.50% 0.0%
2011 5.97% 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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • State Street Climate Esg International Equity Fund
    Australia International Equities
    104.84%
  • Unrealised Foreign Exchange Hedging P&L
    New Zealand Other
    0.88%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.84%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 99.16%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
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 Wed Sept. 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:
    0.88%
  • Animal Testing:
    7.06%
  • Fossil Fuels:
    2.34%
  • Gambling:
    0.27%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.07%
  • Weapons:
    0.46%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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 intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

In their own words

"The Fund provides exposure to international share markets through an index tracking fund which meet certain sustainability criteria. The Fund's exposure to global shares is through investment in the State Street Climate ESG International Equity Fund an Australian unit trust managed by State Street Global Advisors. The Fund targets a position of being close to 50% hedged to the New Zealand dollar. The investment objective of the Fund is to reasonably closely track the return of the benchmark MSCI World ex Australia Index with net dividends reinvested 50% hedged to New Zealand dollars before taking into account fees and expenses while avoiding investment in companies which do not meet the Fund's sustainability criteria."

Value $59M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Wed April 1st 2020
Total annual fund fees 0.48%
Total performance based fees 0.0%
Manager's basic fee 0.35%
Administration charges 0.13%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Richard Frogley

Currently: Portfolio Manager (6 years, 3 months)
Previously: Research Analyst Macquarie Group (1 years, 9 months)

Matthew Goldsack

Currently: General Manager Investments (0 years, 7 months)
Previously: Head of Investment Solutions BT Funds Management (11 years, 2 months)

Shane Coward

Currently: General Manager (5 years, 9 months)
Previously: General Manager Finance Trust Investments Management Limited (12 years, 0 months)

Grant Hope

Currently: Chief Executive (10 years, 9 months)
Previously: General Manager Trust Investments Management Limited (5 years, 5 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.