Octagon Balanced Fund

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Fund type: Balanced fund

Past Returns: No three year data yet

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.15%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

Apa Group Limited 0.05%
BHP Group Limited 1.06%
Franco-Nevada Corp. 0.01%
Karoon Energy Ltd 0.02%
Origin Energy Limited 0.07%
Santos Limited 0.26%
South32 Limited 0.15%
The New Zealand Refining Company Limited 0.23%
Viva Energy Group Limited 0.25%
Woodside Petroleum Limited 0.13%

Weapons

Gambling

Aristocrat Leisure Limited 0.14%
Skycity Entertainment Group Limited 0.63%
Skycity Entertainment Group Ltd 21/05/2027 3.02% 0.07%
The Star Entertainment Group Limited 0.07%

Adult Entertainment/Pornography

Alcohol

Delegat Group Limited 0.09%
Endeavour Group Ltd 0.04%
Treasury Wine Estates Limited 0.08%

Palm Oil

GMOs

Corteva Inc 0.01%

Human Rights & Environmental Violations

Activision Blizzard, Inc. 0.02%
BHP Group Limited 1.06%
Bayer AG 0.02%
Bayer US Finance Ii Llc Sr Unsec 144A 0.01%
Credit Suisse Group AG Coco Jr Sub 144A 0.01%
Credit Suisse Group AG Sr Unsec 0.01%
Credit Suisse Group AG Sr Unsec 144A 0.01%
Motorola Solutions, Inc. 0.01%
Nestle SA 0.13%
Rio Tinto Limited 0.41%
Uber Technologies Inc 0.17%
Uber Technologies, Inc. 0.01%

Animal Testing

Albemarle Corporation 0.01%
Archer-Daniels-Midland Company 0.02%
Bayer AG 0.02%
Bayer US Finance Ii Llc Sr Unsec 144A 0.01%
Coca-Cola Company 0.08%
Corteva Inc 0.01%
Danone SA 0.01%
Dow, Inc. 0.02%
Dupont De Nemours, Inc. 0.01%
Estee Lauder Companies Inc. Class A 0.02%
General Mills, Inc. 0.01%
Givaudan SA 0.01%
Glaxosmithkline PLC 0.04%
Hermes International 0.01%
Hp Inc. 0.01%
International Flavors & Fragrances Inc. 0.01%
Kimberly-Clark Corporation 0.02%
Koninklijke Dsm Nv 0.01%
Kraft Heinz Company 0.01%
L'Oreal SA 0.01%
Linde PLC 0.06%
Lyondellbasell Industries Nv 0.01%
Mondelez International, Inc. Class A 0.03%
Nestle SA 0.13%
Nutrien Ltd. 0.02%
Pepsico, Inc. 0.08%
Procter & Gamble Company 0.12%
Reckitt Benckiser Group PLC 0.02%
Reckitt Benckiser Tsy Sr Unsec 144A 0.03%
Sherwin-Williams Company 0.02%
Shin-Etsu Chemical Co. Ltd. 0.02%
Unilever PLC 0.04%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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.

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.

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Vanguard ESG US Stock ETF
    United States Fund
    11.17%
  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    8.29%
  • Vanguard ESG International Stock ETF
    United States International Equities
    7.55%
  • Housing New Zealand 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AA+
    1.82%
  • NZ Govt Inflation Ind Bond 20/09/25
    New Zealand NZ Fixed Interest AA+
    1.71%
  • New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AA+
    1.66%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.23%
  • New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
    New Zealand NZ Fixed Interest AA+
    1.22%
  • Westpac New Zealand 1.439% 24/02/2026
    New Zealand NZ Fixed Interest AA-
    1.14%
  • CSL Limited
    Australia Australasian Equities
    1.08%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 8.78%
New Zealand Fixed Interest 22.0% 28.37%
International Fixed Interest 11.0% 7.17%
Australasian Equities 30.0% 25.64%
International Equities 20.0% 24.65%
Listed Properties 7.0% 5.23%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

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).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.01%
  • Alcohol:
    0.21%
  • Animal Testing:
    1.30%
  • Fossil Fuels:
    2.28%
  • Gambling:
    0.91%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    1.93%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    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 Thu March 31st 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

In their own words

"The fund aims to achieve positive long-term returns by selecting exposure across asset classes. 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."

Value $31M NZD
Period of data report Thu March 31st 2022
Fund started Fri Dec. 11th 2020
Total annual fund fees 1.15%
Total performance based fees 0.0%
Manager's basic fee 1.15%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Paul Robertshawe

Currently: Chief Investment Officer, Octagon Asset Management Limited (0 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 (0 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 (0 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 (14 years, 1 months)
Previously: Managing Director at Forsyth Barr Investment Management Limited (current) (21 years, 3 months)

Christine Smith-Han

Currently: Equity and Strategy Analyst, Octagon Asset Management Limited (0 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 Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.