Funds
NZ Funds Income Generator
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 4.91%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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 4.91%
Fossil Fuels
-
Rio Tinto Ltd 4.91%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
-
Contact Energy Ltd 2.03%
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. In FY2023, 7% of the energy Contact generated came from thermal generation. 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.
-
Rio Tinto Ltd 4.91%
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 2024 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 | $21.3M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 22nd Oct. 2020 |
| Total annual fund fees | 1.67% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.57% |
| Other management and administration charges | 0.1% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Michael Lang |
Currently: Chief Executive and a Director (5 years, 9 months) |
|
Mark Brooks |
Currently: Chief Investment Officer and a Principal (0 years, 4 months) |
|
David Haslam |
Currently: Senior Dealer (7 years, 6 months) |
|
Paul Van Wetering |
Currently: Head of Investment Operations and Responsible Investing (4 years, 6 months) |
|
Casey Keiper |
Currently: Senior Equity Analyst (1 years, 9 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.
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 |
|---|---|---|
| 2024 | 14.61% | 8.06% |
| 2023 | -4.85% | -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 2024.
Top 10 Investments
-
Kiwibank 4.93% Perpetual
New Zealand NZ Fixed Interest BA111.9% -
Goldman Sachs Futures
New Zealand Cash and Equivalents A-15.71% -
Westpac Banking Corp
Australia Australasian Equities5.25% -
Woolworths Group Ltd
Australia Australasian Equities5.22% -
National Australia Bank Ltd
Australia Australasian Equities5.16% -
CSL Ltd
Australia Australasian Equities5.14% -
Telstra Corp Ltd
Australia Australasian Equities5.12% -
Commonwealth Bank Of Australia
Australia Australasian Equities5.1% -
Rio Tinto Ltd
Australia Australasian Equities5.07% -
Goodman Group
Australia Listed Property4.84%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 3.2% |
| New Zealand Fixed Interest | 0.0% | 16.57% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 85.0% | 75.39% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 10.0% | 4.84% |
| 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 2024.