Funds
QuayStreet Fixed Interest Fund
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
Fossil Fuels
-
Genesis Energy Ltd 3.24%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
GENESIS ENERGY LTD Fossil Fuel Power Generation
Genesis Energy is engaged in energy generation, trading and selling of electricity, and owns a portfolio of fossil fuel and renewable generation assets across New Zealand. Evidence shows that thermal generation from gas represents a significant portion of the company's total power generation (from the Huntly power station), and that oil and gas power revenues represent approximately 35% of the company's total revenue.
-
Apa Infrastructure Ltd 2.92%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Channel Infrastruct NZ 1.45%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Genesis Energy Ltd 3.24%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 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 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 | $382M NZD |
| Period of data report | 31st Dec. 2023 |
| Fund started | 31st Oct. 2009 |
| Total annual fund fees | 0.76% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.64% |
| Other management and administration charges | 0.12% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Stuart Kenneth Reginald Millar |
Currently: Chief Investment Officer - Smartshares (4 years, 7 months) |
|
Alister John Williams |
Currently: Director (8 years, 1 months) |
|
Stefan Stevanovic |
Currently: Head of International Equities (0 years, 10 months) |
|
Xavier Waterstone |
Currently: Head of Australasian Equities (0 years, 10 months) |
|
Ross Hunt |
Currently: Head of Fixed Income Interest and Cash (0 years, 11 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 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 | -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% |
| 2015 | 5.21% | 4.84% |
| 2014 | 1.36% | 1.4% |
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 Dec. 2023.
Top 10 Investments
-
Australian Gas Networks Inflation Linked (Aug 2025)
Australia Int Fixed Interest AA4.33% -
Vector (Oct 2026)
New Zealand NZ Fixed Interest BBB+3.47% -
Apt Pipelines (March 2025)
Australia Int Fixed Interest BBB2.76% -
NZ Government (May 2030)
New Zealand NZ Fixed Interest AAA2.67% -
ASB (Oct 2026)
New Zealand NZ Fixed Interest AA-2.65% -
Housing New Zealand (Oct 2035)
New Zealand NZ Fixed Interest AAA2.57% -
Kiwibank Covered Bond (Sep 2025)
New Zealand NZ Fixed Interest AAA2.53% -
Westpac Subordinated Notes (Feb 2034)
New Zealand NZ Fixed Interest A-2.2% -
Brambles (Oct 2025)
United States Int Fixed Interest BBB+2.04% -
Kiwibank (Oct 2027)
New Zealand NZ Fixed Interest A+2.01%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 4.46% |
| New Zealand Fixed Interest | 70.0% | 69.57% |
| International Fixed Interest | 30.0% | 25.97% |
| 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 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 31st Dec. 2023.