Pathfinder Ethical Trans-Tasman Fund

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Mindful Fund
Type: Aggressive fund
Past Returns: *46.92%

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

Annual Fees: 1.0%

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.

This fund has no investments in issues of concern


This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 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 36.18% 46.92%

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 March 31st 2021.

Showing the top 10 investments for this fund:

  • Cash At Bank - NZD - Westpac
    New Zealand Cash and Equivalents AA-
    6.63%
  • National Australia Bank Ltd
    Australia Australasian Equities
    6.36%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    6.16%
  • Telstra Corp Ltd
    Australia Australasian Equities
    6.04%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    5.11%
  • Scales Corporation Limited
    New Zealand Australasian Equities
    4.83%
  • Nextdc Ltd
    Australia Listed Property
    4.62%
  • CSL Limited
    Australia Australasian Equities
    4.52%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    4.43%
  • De. Mem Ltd
    Australia Australasian Equities
    4.4%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 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% 0.11%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 90.0% 87.21%
International Equities 0.0% 0.0%
Listed Properties 5.0% 11.85%
Unlisted Properties 0.0% 0.0%
Other 5.0% 0.83%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 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:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 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 directly in Australasian equities listed property companies and other assets that satisfy Pathfinder's ethical investment criteria. Pathfinder is a boutique fund manager based in Auckland. We started investing ethically in 2010, and now manage 8 Funds, with our research and expertise focused on investing responsibly and ethically in global markets. We seek out companies actively making a positive difference and believe these kinds of companies also make better long-term financial investments. Investing ethically to us means making conscious choices for doing good with the money we manage. We want our investors to both do good and do well."

Value $20M NZD
Period of data report Wed March 31st 2021
Fund started Wed Sept. 18th 2019
Total annual fund fees 1.0%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

John Berry

Currently: CEO (12 years, 0 months)
Previously: Deutsche Bank - Consultant (4 years, 9 months)

Paul Brownsey

Currently: CIO (12 years, 0 months)
Previously: Deutsche Bank - Director (5 years, 0 months)

Nish Vyas

Currently: Private Wealth Advisor (1 years, 2 months)
Previously: Senior Private Banker - BNZ (4 years, 0 months)

Kent Fraser

Currently: Chair of Investment Committee (4 years, 6 months)
Previously: (None years, None months)

Hamesh Sharma

Currently: Portfolio Manager (1 years, 11 months)
Previously: Head of Research of Australasian Trading Partners Limited (5 years, 4 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.