Funds
Octagon Balanced Fund
Fund type: Balanced fund
Past Returns: *-2.70%Annual Fees: 1.23%
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- BHP Group Limited 1.17%
- Contact Energy Limited 0.72%
- Santos Limited 0.36%
- Genesis Energy Limited 5.0% 03/04/2025 0.34%
- Contact Energy Limited Capital Bonds 19/11/2051 4.33% 0.27%
- Viva Energy Group Limited 0.19%
- Channel Infrastructure 5.8% 20/05/2027 0.17%
- South32 Limited 0.15%
- Genesis Energy Limited 0.09%
- Channel Infrastructure NZ Limited 0.08%
- Apa Group Limited 0.07%
- Ck Hutchison Holdings Ltd 0.07%
- National Grid PLC 0.07%
- Totalenergies Se 0.07%
- Endesa SA 0.06%
- Samsung C&T Corp 0.06%
- Shell PLC 0.06%
- Centrica PLC 0.04%
- Exxon Mobil Corp 0.04%
- Karoon Energy Ltd 0.04%
- Consolidated Edison Inc 0.03%
- Enel Spa 0.03%
- Lg Corp 0.03%
- Southern Co/The 0.03%
- Duke Energy Corp 0.02%
- Kansai Electric Power Co Inc 0.02%
- Lg Corp-Pref 0.02%
- Osaka Gas Co Ltd 0.02%
- Entergy Corp 0.01%
Weapons
- Walmart Inc 0.06%
Gambling
- Skycity Entertainment Group Limited 0.60%
- Aristocrat Leisure Limited 0.15%
- The Star Entertainment Group Limited 0.08%
- Skycity Entertainment Group Ltd 21/05/2027 3.02% 0.07%
Alcohol
- Heineken Nv 0.22%
- Endeavour Group Ltd 0.10%
- Treasury Wine Estates Limited 0.07%
- Delegat Group Limited 0.06%
- Asahi Group Holdings Ltd 0.03%
- Heineken Holding Nv 0.03%
Human Rights & Environmental Violations
- BHP Group Limited 1.17%
- Rio Tinto Limited 0.38%
- Nestle SA-Reg 0.31%
- Johnson & Johnson 0.06%
- Motorola Solutions Inc 0.06%
- Rio Tinto PLC 0.06%
- Shell PLC 0.06%
- Activision Blizzard Inc 0.04%
- Credit Suisse Group AG Sr Unsec 144A 0.03%
- Credit Suisse Group AG Srunsec 144A Sofr 0.03%
- Credit Suisse New York Sr Unsec 0.03%
- Credit Suisse Group AG Coco Jr Sub 144A 0.02%
- Credit Suisse Group AG Sr Unsec 0.02%
- Duke Energy Corp 0.02%
- Wells Fargo & Company Sr Unsec Sofr 0.02%
- Wells Fargo & Company **Full Call** 0.01%
- Wells Fargo & Company Sofr 0.01%
Animal Cruelty
- Nestle SA-Reg 0.31%
- LVMH Moet Hennessy Louis Vui 0.14%
- Kerry Group PLC-A 0.13%
- Unilever PLC 0.09%
- Henkel AG & Co Kgaa Vor-Pref 0.07%
- Procter & Gamble Co/The 0.07%
- Koninklijke Ahold Delhaize N 0.06%
- Shell PLC 0.06%
- Meiji Holdings Co Ltd 0.05%
- Exxon Mobil Corp 0.04%
- Tosoh Corp 0.04%
- Asahi Group Holdings Ltd 0.03%
- Colgate-Palmolive Co 0.03%
- Air Water Inc 0.02%
- Kering SA 0.02%
- Pepsico Inc 0.02%
- Tate & Lyle PLC 0.01%
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. 2022 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 fund aims to achieve positive long-term returns by selecting a mix of cash, fixed interest, equity and property investments. Investors can expect moderate to high levels of movement up and down in value and to receive longer term returns that are lower than those of the Growth Fund (but with less risk).
| Value | $31M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 11th Dec. 2020 |
| Total annual fund fees | 1.23% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.17% |
| Other management and administration charges | 0.06% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Paul Robertshawe |
Currently: Chief Investment Officer,
Octagon Asset Management Limited (1 years, 1 months) |
|
Craig Alexander |
Currently: Head of Fixed Interest and ESG,
Octagon Asset Management Limited (1 years, 1 months) |
|
Jason Lindsay |
Currently: Head of Equities,
Octagon Asset Management Limited (1 years, 1 months) |
|
Neil Paviour-Smith |
Currently: Director,
Forsyth Barr Investment Management Limited (14 years, 10 months) |
|
Christine Smith-Han |
Currently: Equity and Strategy Analyst,
Octagon Asset Management Limited (1 years, 1 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.51% | |
| Animal Cruelty | 1.20% | |
| Fossil Fuels | 4.33% | |
| Gambling | 0.90% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 2.33% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.06% |
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. 2022 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 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.
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 |
|---|---|---|
| 2022 | 0.34% | -0.08% |
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. 2022.
Top 10 Investments
-
Intermede Global Equity Fund
Ireland International Equities8.53% -
ANZ Transactional Bank Account
New Zealand Cash and Equivalents AA-5.23% -
US Treasury Bill 0.00% 02/03/2023
United States Int Fixed Interest A1+2.67% -
New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
New Zealand NZ Fixed Interest AA+1.66% -
NZ Govt Inflation Ind Bond 20/09/25
New Zealand NZ Fixed Interest AA+1.59% -
Auckland Intl Airport Ltd 15/02/2023
New Zealand Cash and Equivalents A-1.58% -
Fonterra Co-Op Group Rcd 16/03/2023
New Zealand Cash and Equivalents A-1.58% -
Vector Ltd 14/03/2024 4.996%
New Zealand NZ Fixed Interest BBB1.35% -
Westpac New Zealand 1.439% 24/02/2026
New Zealand NZ Fixed Interest AA-1.26% -
New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
New Zealand NZ Fixed Interest AA+1.25%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 9.13% |
| New Zealand Fixed Interest | 22.0% | 24.62% |
| International Fixed Interest | 11.0% | 16.02% |
| Australasian Equities | 30.0% | 23.32% |
| International Equities | 20.0% | 21.86% |
| Listed Properties | 7.0% | 5.05% |
| 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. 2022.