Funds

Octagon Balanced Fund

Total Ethical Concerns: 11.64%

The average total concerns of all managed balanced funds is 8.32%.

Companies of Concern

  • Animal Cruelty 1.23%

    • Shin-Etsu Chemical Co., Ltd.
      0.19%
      0.19%
    • Unilever PLC
      0.14%
      0.14%
    • 0.13%
    • Henkel AG & Co. Kgaa
      0.12%
      0.12%
    • Symrise AG
      0.10%
      0.10%
    • Koninklijke Ahold Delhaize Nv
      0.09%
      0.09%
    • Shell
      0.09%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.09%
    • Colgate-Palmolive Co.
      0.06%
      0.06%
    • Chevron Corp.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Exxon Mobil Corp.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Tosoh Corp.
      0.03%
      0.03%
    • Kering SA
      0.02%
      0.02%
  • Human Rights Violations 3.23%

    • Ubs
      0.52%
      0.52%
    • Nestlé
      0.43%
      0.43%
    • 0.38%
    • General Motors
      0.30%
      0.30%
    • Rio Tinto
      0.29%
      0.29%
    • Wells Fargo
      0.18%
      0.18%
    • Ck Hutchison
      0.15%
      0.15%
    • 0.10%
  • Social Harm 1.53%

  • Fossil Fuels 5.27%

    • Contact Energy Ltd.
      1.03%
      1.5°C
      This company is on a 1.5°C pathway
      1.03%
    • Channel Infrastructure
      0.82%
      0.82%
    • BHP
      0.68%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.68%
    • Rio Tinto
      0.29%
      0.29%
    • 0.25%
    • National Grid PLC
      0.20%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.20%
    • Santos Ltd.
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • Ck Hutchison
      0.15%
      0.15%
    • Samsung C&T Corp.
      0.14%
      0.14%
    • South32 Ltd.
      0.12%
      0.12%
    • Viva Energy Group Ltd.
      0.12%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.12%
    • Totalenergies Se
      0.11%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.11%
    • Origin Energy
      0.10%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.10%
    • Woodside Energy Group Ltd.
      0.10%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.10%
    • Shell
      0.09%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.09%
    • Apa Group
      0.08%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.08%
    • Consolidated Edison, Inc.
      0.08%
      0.08%
    • Endesa SA
      0.08%
      1.5°C
      This company is on a 1.5°C pathway
      0.08%
    • Centrica PLC
      0.07%
      0.07%
    • Engie SA
      0.07%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.07%
    • The Kansai Electric Power Co., Inc.
      0.06%
      0.06%
    • Ampol Ltd.
      0.05%
      0.05%
    • Enel
      0.05%
      1.5°C
      This company is on a 1.5°C pathway
      0.05%
    • Lg Corp.
      0.05%
      0.05%
    • Chevron Corp.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Exxon Mobil Corp.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Karoon Energy Ltd.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Osaka Gas
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Beach Energy Ltd.
      0.03%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.03%
    • Duke Energy Corp
      0.03%
      0.03%
    • Agl Energy Ltd.
      0.02%
      0.02%
    • Air Water, Inc.
      0.02%
      0.02%
    • Cassa Depositi E Prestiti Spa
      0.02%
      0.02%
  • Weapons 0.31%

    • Transdigm Group, Inc.
      0.24%
      0.24%
    • 0.07%
  • Environmental Harm 1.67%

    • BHP
      0.68%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.68%
    • Fonterra
      0.30%
      0.30%
    • Mondelez
      0.24%
      0.24%
    • Unilever PLC
      0.14%
      0.14%
    • Wh Group
      0.11%
      0.11%
    • Shell
      0.09%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.09%
    • Chevron Corp.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Duke Energy Corp
      0.03%
      0.03%
    • Pepsico
      0.03%
      0.03%

From the Fund Provider

  • About this fund

    About this Fund

    The Balanced Fund invests across multiple asset classes. Investors can expect moderate to high levels of movement up and down in value. It aims to achieve long-term returns (before fees, taxes and other expenses) greater than a composite benchmark.

    Value $45.7M NZD
    Period of data report 31st March 2025
    Fund started 11th Dec. 2020
    Total annual fund fees 1.17%
    Total performance based fees 0.0%
    Manager's basic fee 1.12%
    Other management and administration charges 0.05%
    Total other charges 0.0
    Total other charges currency NZD

    Paul Robertshawe

    Currently: Chief Investment Officer, Octagon Asset Management Limited (3 years, 4 months)
    Previously: Portfolio Manager, Forsyth Barr Limited (0 years, 8 months)

    Craig Alexander

    Currently: Head of Fixed Interest and ESG, Octagon Asset Management Limited (3 years, 4 months)
    Previously: Co-Head of Funds Management, Forsyth Barr Limited (8 years, 5 months)

    Jason Lindsay

    Currently: Head of Equities, Octagon Asset Management Limited (3 years, 4 months)
    Previously: Co-Head of Funds Management, Forsyth Barr Limited (2 years, 2 months)

    Neil Paviour-Smith

    Currently: Director, Forsyth Barr Investment Management Limited (17 years, 1 months)
    Previously: Managing Director at Forsyth Barr Investment Management Limited (current) (24 years, 3 months)

    Christine Smith-Han

    Currently: Equity and Strategy Analyst, Octagon Asset Management Limited (3 years, 4 months)
    Previously: Portfolio Analyst, Forsyth Barr Limited (4 years, 10 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 4.02% 2.96%
    2024 9.97% 9.51%
    2023 -2.59% -2.3%
    2022 1.06% -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 March 2025.

  • Investments

    Top 10 Investments

    • Hunter Global Fixed Interest Fund

      New Zealand Int Fixed Interest

      19.2%
    • Intermede Global Equity Fund

      Ireland International Equities

      8.84%
    • ANZ Transactional Bank Account

      New Zealand Cash and Equivalents A+

      1.81%
    • Fisher & Paykel Healthcare Corporation Limited

      New Zealand Australasian Equities

      1.79%
    • Precinct Properties New Zealand Limited

      New Zealand Listed Property

      1.55%
    • New Zealand Government 1.5% 15/05/2031

      New Zealand NZ Fixed Interest AA+

      1.54%
    • New Zealand Government 4.50% 15/05/2030

      New Zealand NZ Fixed Interest AAA

      1.48%
    • Goodman Property Trust

      New Zealand Listed Property

      1.45%
    • New Zealand Government 14/04/2033 3.5%

      New Zealand NZ Fixed Interest AA+

      1.18%
    • Kiwi Property Group Limited

      New Zealand Listed Property

      1.16%
    Type Target Actual
    Cash and Cash Equivalents 7.0% 4.85%
    New Zealand Fixed Interest 19.0% 20.86%
    International Fixed Interest 19.0% 19.2%
    Australasian Equities 20.0% 20.18%
    International Equities 30.0% 26.17%
    Listed Properties 5.0% 8.74%
    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

  • 1.23% Animal Cruelty
  • 3.23% Human Rights Violations
  • 1.53% Social Harm
  • 5.27% Fossil Fuels
  • 0.31% Weapons
  • 1.67% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Shin-Etsu Chemical Co., Ltd.
      0.19%
      0.19%
    • Unilever PLC
      0.14%
      0.14%
    • 0.13%
    • Henkel AG & Co. Kgaa
      0.12%
      0.12%
    • Symrise AG
      0.10%
      0.10%
    • Koninklijke Ahold Delhaize Nv
      0.09%
      0.09%
    • Shell
      0.09%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.09%
    • Colgate-Palmolive Co.
      0.06%
      0.06%
    • Chevron Corp.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Exxon Mobil Corp.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Tosoh Corp.
      0.03%
      0.03%
    • Kering SA
      0.02%
      0.02%
  • Human Rights Violations

    • Ubs
      0.52%
      0.52%
    • Nestlé
      0.43%
      0.43%
    • 0.38%
    • General Motors
      0.30%
      0.30%
    • Rio Tinto
      0.29%
      0.29%
    • Wells Fargo
      0.18%
      0.18%
    • Ck Hutchison
      0.15%
      0.15%
    • 0.10%
  • Fossil Fuels

    • Contact Energy Ltd.
      1.03%
      1.5°C
      This company is on a 1.5°C pathway
      1.03%
    • Channel Infrastructure
      0.82%
      0.82%
    • BHP
      0.68%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.68%
    • Rio Tinto
      0.29%
      0.29%
    • 0.25%
    • National Grid PLC
      0.20%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.20%
    • Santos Ltd.
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • Ck Hutchison
      0.15%
      0.15%
    • Samsung C&T Corp.
      0.14%
      0.14%
    • South32 Ltd.
      0.12%
      0.12%
    • Viva Energy Group Ltd.
      0.12%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.12%
    • Totalenergies Se
      0.11%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.11%
    • Origin Energy
      0.10%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.10%
    • Woodside Energy Group Ltd.
      0.10%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.10%
    • Shell
      0.09%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.09%
    • Apa Group
      0.08%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.08%
    • Consolidated Edison, Inc.
      0.08%
      0.08%
    • Endesa SA
      0.08%
      1.5°C
      This company is on a 1.5°C pathway
      0.08%
    • Centrica PLC
      0.07%
      0.07%
    • Engie SA
      0.07%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.07%
    • The Kansai Electric Power Co., Inc.
      0.06%
      0.06%
    • Ampol Ltd.
      0.05%
      0.05%
    • Enel
      0.05%
      1.5°C
      This company is on a 1.5°C pathway
      0.05%
    • Lg Corp.
      0.05%
      0.05%
    • Chevron Corp.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Exxon Mobil Corp.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Karoon Energy Ltd.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Osaka Gas
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Beach Energy Ltd.
      0.03%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.03%
    • Duke Energy Corp
      0.03%
      0.03%
    • Agl Energy Ltd.
      0.02%
      0.02%
    • Air Water, Inc.
      0.02%
      0.02%
    • Cassa Depositi E Prestiti Spa
      0.02%
      0.02%
  • Weapons

    • Transdigm Group, Inc.
      0.24%
      0.24%
    • 0.07%
  • Environmental Harm

    • BHP
      0.68%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.68%
    • Fonterra
      0.30%
      0.30%
    • Mondelez
      0.24%
      0.24%
    • Unilever PLC
      0.14%
      0.14%
    • Wh Group
      0.11%
      0.11%
    • Shell
      0.09%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.09%
    • Chevron Corp.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Duke Energy Corp
      0.03%
      0.03%
    • Pepsico
      0.03%
      0.03%

About this Fund

The Balanced Fund invests across multiple asset classes. Investors can expect moderate to high levels of movement up and down in value. It aims to achieve long-term returns (before fees, taxes and other expenses) greater than a composite benchmark.

Value $45.7M NZD
Period of data report 31st March 2025
Fund started 11th Dec. 2020
Total annual fund fees 1.17%
Total performance based fees 0.0%
Manager's basic fee 1.12%
Other management and administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Paul Robertshawe

Currently: Chief Investment Officer, Octagon Asset Management Limited (3 years, 4 months)
Previously: Portfolio Manager, Forsyth Barr Limited (0 years, 8 months)

Craig Alexander

Currently: Head of Fixed Interest and ESG, Octagon Asset Management Limited (3 years, 4 months)
Previously: Co-Head of Funds Management, Forsyth Barr Limited (8 years, 5 months)

Jason Lindsay

Currently: Head of Equities, Octagon Asset Management Limited (3 years, 4 months)
Previously: Co-Head of Funds Management, Forsyth Barr Limited (2 years, 2 months)

Neil Paviour-Smith

Currently: Director, Forsyth Barr Investment Management Limited (17 years, 1 months)
Previously: Managing Director at Forsyth Barr Investment Management Limited (current) (24 years, 3 months)

Christine Smith-Han

Currently: Equity and Strategy Analyst, Octagon Asset Management Limited (3 years, 4 months)
Previously: Portfolio Analyst, Forsyth Barr Limited (4 years, 10 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 4.02% 2.96%
2024 9.97% 9.51%
2023 -2.59% -2.3%
2022 1.06% -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 March 2025.

Top 10 Investments

  • Hunter Global Fixed Interest Fund

    New Zealand Int Fixed Interest

    19.2%
  • Intermede Global Equity Fund

    Ireland International Equities

    8.84%
  • ANZ Transactional Bank Account

    New Zealand Cash and Equivalents A+

    1.81%
  • Fisher & Paykel Healthcare Corporation Limited

    New Zealand Australasian Equities

    1.79%
  • Precinct Properties New Zealand Limited

    New Zealand Listed Property

    1.55%
  • New Zealand Government 1.5% 15/05/2031

    New Zealand NZ Fixed Interest AA+

    1.54%
  • New Zealand Government 4.50% 15/05/2030

    New Zealand NZ Fixed Interest AAA

    1.48%
  • Goodman Property Trust

    New Zealand Listed Property

    1.45%
  • New Zealand Government 14/04/2033 3.5%

    New Zealand NZ Fixed Interest AA+

    1.18%
  • Kiwi Property Group Limited

    New Zealand Listed Property

    1.16%
Type Target Actual
Cash and Cash Equivalents 7.0% 4.85%
New Zealand Fixed Interest 19.0% 20.86%
International Fixed Interest 19.0% 19.2%
Australasian Equities 20.0% 20.18%
International Equities 30.0% 26.17%
Listed Properties 5.0% 8.74%
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.