Funds
NZ Funds Income Generator
Fund type: Aggressive fund
Past Returns: *-4.39%Annual Fees: 1.83%
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
-
Rio Tinto Ltd 5.79%
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
RIO TINTO LTD Human Rights Abuses
Rio Tinto is a global diversified miner, predominantly in iron ore but also copper, aluminium, diamonds, gold, and industrial minerals. Evidence shows that in 2020, Rio Tinto destroyed Aboriginal 46,000-year-old sacred sites at an iron mine in Western Australia, leaving a considerable impact on the traditional owners from the loss of their heritage. There is also a pattern of evidence showing harmful community-related incidents involving Rio Tinto in West Papua, South Africa, Canada, US and Serbia.
-
Rio Tinto Ltd 5.79%
Fossil Fuels
-
Contact Energy Ltd 2.82%
1.5°C
This company is on a 1.5°C pathway
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
CONTACT ENERGY LTD Fossil Fuel Power Generation
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel, and evidence shows that energy generated from fossil fuels accounts for 17% of generating capacity and 8% of the company’s revenues. However, Contact has announced plans for further investment in renewable generation. This includes NZD $1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
-
Contact Energy Ltd 2.82%
1.5°C
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 objective of the NZ Funds Income Generator is to provide a source of income by primarily investing in dividend paying shares and derivatives including options. The fund is anticipated to primarily hold New Zealand and Australian shares; and derivatives including options.
| Value | $25M NZD |
| Period of data report | 30th June 2023 |
| Fund started | 22nd Oct. 2020 |
| Total annual fund fees | 1.83% |
| Total performance based fees | 0.28% |
| Manager's basic fee | 1.55% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Michael Lang |
Currently: Chief Executive and a Director (4 years, 9 months) |
|
James Grigor |
Currently: Chief Investment Officer and a Principal (4 years, 7 months) |
|
Mark Brooks |
Currently: Head of Income and a Principal (15 years, 7 months) |
|
David Haslam |
Currently: Senior Dealer (6 years, 6 months) |
|
Casey Keiper |
Currently: Senior Equity Analyst (0 years, 9 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 | -5.17% | -4.75% |
| 2022 | 3.53% | -3.9% |
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
-
Kiwibank 4.93% Perpetual
New Zealand NZ Fixed Interest10.02% -
Goldman Sachs Otc Derivatives
New Zealand Cash and Equivalents A-16.03% -
Rio Tinto Ltd
Australia Australasian Equities5.3% -
Auckland International Airport
New Zealand Australasian Equities5.04% -
Chorus Ltd
New Zealand Australasian Equities4.9% -
Mercury NZ Ltd
New Zealand Australasian Equities4.61% -
Wesfarmers Ltd
Australia Australasian Equities4.52% -
Telstra Corp Ltd
Australia Australasian Equities4.45% -
Goodman Group
Australia Listed Property4.38% -
Spark New Zealand Ltd
New Zealand Australasian Equities3.98%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 5.28% |
| New Zealand Fixed Interest | 0.0% | 13.97% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 85.0% | 76.38% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 10.0% | 4.37% |
| 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.