Octagon Income 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: 0.75%

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 1.04%
BHP Group Limited 1.36%
Karoon Energy Ltd 0.02%
Origin Energy Limited 0.05%
Santos Limited 1.32%
South32 Limited 0.11%
The New Zealand Refining Company Limited 0.16%
Viva Energy Group Limited 0.18%
Woodside Petroleum Limited 0.10%

Gambling

Aristocrat Leisure Limited 0.10%
Skycity Entertainment Group Limited 1.26%
Skycity Entertainment Group Ltd 21/05/2027 3.02% 0.05%
The Star Entertainment Group Limited 0.05%

Alcohol

Delegat Group Limited 0.06%
Endeavour Group Ltd 0.03%
Treasury Wine Estates Limited 0.06%

Human Rights & Environmental Violations

BHP Group Limited 1.36%
Bayer US Finance Ii Llc Sr Unsec 144A 0.03%
Credit Suisse Group AG Coco Jr Sub 144A 0.02%
Credit Suisse Group AG Sr Unsec 0.03%
Credit Suisse Group AG Sr Unsec 144A 0.03%
Rio Tinto Limited 1.41%

Animal Testing

Bayer US Finance Ii Llc Sr Unsec 144A 0.03%
Reckitt Benckiser Tsy Sr Unsec 144A 0.07%

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% 4.52%

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:

  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    7.76%
  • Goodman Property Trust
    New Zealand Listed Property
    2.11%
  • Vital Healthcare Property Trust
    New Zealand Listed Property
    2.11%
  • Kiwi Property Group Limited
    New Zealand Listed Property
    1.89%
  • Infratil Limited
    New Zealand Australasian Equities
    1.82%
  • Fletcher Building Limited
    New Zealand Australasian Equities
    1.75%
  • Westpac Banking Corporation
    New Zealand Australasian Equities
    1.74%
  • Precinct Properties New Zealand Limited
    New Zealand Listed Property
    1.57%
  • Rio Tinto Limited
    Australia Australasian Equities
    1.41%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.37%

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 5.0% 8.3%
New Zealand Fixed Interest 20.0% 19.42%
International Fixed Interest 20.0% 17.6%
Australasian Equities 40.0% 41.14%
International Equities 0.0% 0.0%
Listed Properties 15.0% 13.51%
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:
    0.00%
  • Alcohol:
    0.15%
  • Animal Testing:
    0.10%
  • Fossil Fuels:
    4.34%
  • Gambling:
    1.46%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.88%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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 pay distributions, while maintaining the fund's capital value over the long-term 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 generally higher than term deposit rates of domestic major banks and are lower than those of the Growth Fund."

Value $8.8M NZD
Period of data report Thu March 31st 2022
Fund started Fri Dec. 11th 2020
Total annual fund fees 0.75%
Total performance based fees 0.0%
Manager's basic fee 0.75%
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.

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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.