Funds

QuayStreet Fixed Interest Fund

Total Ethical Concerns: 5.56%

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

Companies of Concern

  • Fossil Fuels 5.56%

    • 2.82%
    • Channel Infrastructure
      2.74%
      2.74%

From the Fund Provider

  • About this fund

    About this Fund

    The QuayStreet Fixed Interest Fund invests in a diversified portfolio of fixed interest and derivative investments, with an emphasis on corporate bonds. The investment objective is to provide a level of return above the New Zealand corporate fixed interest market over the long term, consistent with the fund's benchmark. The fund aims to make quarterly distributions.

    Value $454M NZD
    Period of data report 31st March 2025
    Fund started 31st Oct. 2009
    Total annual fund fees 0.76%
    Total performance based fees 0.0%
    Manager's basic fee 0.63%
    Other management and administration charges 0.13%
    Total other charges 0.0
    Total other charges currency NZD

    Guy Roulston Elliffe

    Currently: Director (9 years, 4 months)
    Previously: Corporate Governance Manager - ACC (current position) (9 years, 11 months)

    Alister John Williams

    Currently: Director (9 years, 4 months)
    Previously: Investment Manager - Trust Management (5 years, 4 months)

    Stefan Stevanovic

    Currently: Head of International Equities (2 years, 1 months)
    Previously: Head of International Equity, QuayStreet Asset Management Limited (1 years, 7 months)

    Xavier Waterstone

    Currently: Head of Australasian Equities (2 years, 1 months)
    Previously: Head of Research, QuayStreet Asset Management Limited (1 years, 7 months)

    Craig Smith

    Currently: Portfolio Manager, Fixed Interest (0 years, 11 months)
    Previously: Senior Investment Analyst, QuayStreet Asset Management Limited (2 years, 8 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% 4.69%
    2024 3.43% 4.06%
    2023 -0.79% 0.59%
    2022 -2.46% -2.48%
    2021 2.15% 2.98%
    2020 1.75% 1.77%
    2019 2.76% 3.03%
    2018 1.94% 3.39%
    2017 1.52% 2.54%
    2016 2.91% 3.92%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • Australian Gas Networks Inflation Linked (Aug 2025)

      Australia Int Fixed Interest AA

      3.82%
    • Vector (Oct 2026)

      New Zealand NZ Fixed Interest BBB+

      3.1%
    • ASB (Oct 2026)

      New Zealand NZ Fixed Interest AA-

      2.63%
    • NZ Lgfa (Apr 2033)

      New Zealand NZ Fixed Interest AAA

      2.56%
    • Brambles (Oct 2025)

      United States Int Fixed Interest BBB+

      1.97%
    • ANZ New Zealand (Feb 2030)

      New Zealand NZ Fixed Interest AA-

      1.89%
    • BNZ (Nov 2029)

      New Zealand NZ Fixed Interest AA-

      1.82%
    • Port Of Tauranga (Nov 2028)

      New Zealand NZ Fixed Interest A-

      1.75%
    • Kiwibank (Oct 2027)

      New Zealand NZ Fixed Interest A+

      1.74%
    • Australian Gas Infrastructure Group (June 2027)

      Australia Int Fixed Interest A-

      1.73%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 1.59%
    New Zealand Fixed Interest 70.0% 71.74%
    International Fixed Interest 30.0% 26.67%
    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

  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 5.56% Fossil Fuels
  • 0.0% Weapons
  • 0.0% Environmental Harm

Companies of Concern

  • Fossil Fuels

    • 2.82%
    • Channel Infrastructure
      2.74%
      2.74%

About this Fund

The QuayStreet Fixed Interest Fund invests in a diversified portfolio of fixed interest and derivative investments, with an emphasis on corporate bonds. The investment objective is to provide a level of return above the New Zealand corporate fixed interest market over the long term, consistent with the fund's benchmark. The fund aims to make quarterly distributions.

Value $454M NZD
Period of data report 31st March 2025
Fund started 31st Oct. 2009
Total annual fund fees 0.76%
Total performance based fees 0.0%
Manager's basic fee 0.63%
Other management and administration charges 0.13%
Total other charges 0.0
Total other charges currency NZD

Guy Roulston Elliffe

Currently: Director (9 years, 4 months)
Previously: Corporate Governance Manager - ACC (current position) (9 years, 11 months)

Alister John Williams

Currently: Director (9 years, 4 months)
Previously: Investment Manager - Trust Management (5 years, 4 months)

Stefan Stevanovic

Currently: Head of International Equities (2 years, 1 months)
Previously: Head of International Equity, QuayStreet Asset Management Limited (1 years, 7 months)

Xavier Waterstone

Currently: Head of Australasian Equities (2 years, 1 months)
Previously: Head of Research, QuayStreet Asset Management Limited (1 years, 7 months)

Craig Smith

Currently: Portfolio Manager, Fixed Interest (0 years, 11 months)
Previously: Senior Investment Analyst, QuayStreet Asset Management Limited (2 years, 8 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% 4.69%
2024 3.43% 4.06%
2023 -0.79% 0.59%
2022 -2.46% -2.48%
2021 2.15% 2.98%
2020 1.75% 1.77%
2019 2.76% 3.03%
2018 1.94% 3.39%
2017 1.52% 2.54%
2016 2.91% 3.92%

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 31st March 2025.

Top 10 Investments

  • Australian Gas Networks Inflation Linked (Aug 2025)

    Australia Int Fixed Interest AA

    3.82%
  • Vector (Oct 2026)

    New Zealand NZ Fixed Interest BBB+

    3.1%
  • ASB (Oct 2026)

    New Zealand NZ Fixed Interest AA-

    2.63%
  • NZ Lgfa (Apr 2033)

    New Zealand NZ Fixed Interest AAA

    2.56%
  • Brambles (Oct 2025)

    United States Int Fixed Interest BBB+

    1.97%
  • ANZ New Zealand (Feb 2030)

    New Zealand NZ Fixed Interest AA-

    1.89%
  • BNZ (Nov 2029)

    New Zealand NZ Fixed Interest AA-

    1.82%
  • Port Of Tauranga (Nov 2028)

    New Zealand NZ Fixed Interest A-

    1.75%
  • Kiwibank (Oct 2027)

    New Zealand NZ Fixed Interest A+

    1.74%
  • Australian Gas Infrastructure Group (June 2027)

    Australia Int Fixed Interest A-

    1.73%
Type Target Actual
Cash and Cash Equivalents 0.0% 1.59%
New Zealand Fixed Interest 70.0% 71.74%
International Fixed Interest 30.0% 26.67%
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.