Funds

Salt Sustainable Income Fund

Total Ethical Concerns: 14.21%

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

Companies of Concern

  • Human Rights Violations 0.75%

    • Ubs
      0.55%
      0.55%
    • General Motors
      0.20%
      0.20%
  • Fossil Fuels 13.46%

    • Contact Energy Ltd.
      1.50%
      1.5°C
      This company is on a 1.5°C pathway
      1.50%
    • Nextera Energy, Inc.
      0.88%
      0.88%
    • 0.84%
    • Tc Energy Corp.
      0.82%
      !!
      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
      0.82%
    • Entergy Corp.
      0.70%
      0.70%
    • The Williams Cos., Inc.
      0.67%
      !!
      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
      0.67%
    • Nisource, Inc.
      0.59%
      0.59%
    • Wec Energy Group, Inc.
      0.54%
      0.54%
    • Pembina Pipeline Corp.
      0.53%
      !!
      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
      0.53%
    • Targa Resources Corp.
      0.46%
      0.46%
    • National Grid PLC
      0.45%
      !!
      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
      0.45%
    • Ameren Corp.
      0.39%
      0.39%
    • Ppl Corp.
      0.38%
      0.38%
    • Consolidated Edison, Inc.
      0.37%
      0.37%
    • Enel
      0.34%
      1.5°C
      This company is on a 1.5°C pathway
      0.34%
    • Engie SA
      0.32%
      !!
      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
      0.32%
    • Centerpoint Energy, Inc.
      0.31%
      0.31%
    • Pg&E Corp
      0.31%
      0.31%
    • Enn Clean Energy International Investment Ltd.
      0.28%
      0.28%
    • Evergy, Inc.
      0.26%
      0.26%
    • Alliant Energy Corp.
      0.25%
      0.25%
    • Royal Vopak Nv
      0.23%
      !!
      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
      0.23%
    • Tenaga Nasional Bhd.
      0.22%
      0.22%
    • Dominion Energy, Inc.
      0.20%
      0.20%
    • Sempra Energy
      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%
    • Électricité De France SA
      0.19%
      0.19%
    • Enbw Energie Baden Württemberg AG
      0.18%
      1.5°C
      This company is on a 1.5°C pathway
      0.18%
    • The Kansai Electric Power Co., Inc.
      0.18%
      0.18%
    • Rwe AG
      0.17%
      0.17%
    • Power Assets Holdings Ltd.
      0.15%
      0.15%
    • Xcel Energy, Inc.
      0.15%
      0.15%
    • Edp-Energias De Portugal SA
      0.12%
      1.5°C
      This company is on a 1.5°C pathway
      0.12%
    • Chubu Electric Power Co., Inc.
      0.11%
      0.11%
    • Cheniere Energy, Inc.
      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%
    • Osaka Gas
      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%
  • Environmental Harm 0.31%

    • Pg&E Corp
      0.31%
      0.31%

From the Fund Provider

  • About this fund

    About this Fund

    The Fund’s investment objective is to provide a gross fixed quarterly income in excess of bank deposit rates, along with a positive return on capital on a rolling three year basis. The Fund targets a diversified mix of growth and defensive assets, with a focus on securities with strong ESG credentials and reliable income generation.

    Value $46.3M NZD
    Period of data report 31st March 2025
    Fund started 19th May 2021
    Total annual fund fees 0.88%
    Total performance based fees 0.0%
    Manager's basic fee 0.71%
    Other management and administration charges 0.17%
    Total other charges 0.0
    Total other charges currency NZD

    Matthew Goodson

    Currently: Managing Director (11 years, 10 months)
    Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (4 years, 5 months)

    Paul Harrison

    Currently: Managing Director (11 years, 10 months)
    Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (5 years, 0 months)

    Paul Turnbull

    Currently: Chief Investment Officer (5 years, 10 months)
    Previously: Research Analyst at Jarden (6 years, 0 months)

    Greg Fleming

    Currently: Head of Global Diversified Funds (4 years, 0 months)
    Previously: Head of Investment Strategy, AMP Capital NZ (4 years, 8 months)

    Bevan Graham

    Currently: Economist (4 years, 1 months)
    Previously: Managing Director NZ, AMP Capital NZ (2 years, 2 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% 5.15%
    2024 9.97% 4.15%
    2023 -2.59% -5.68%

    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

    • Fisher & Paykel Healthcare Ltd

      New Zealand Australasian Equities

      4.5%
    • US 5Yr Note (Cbt) Jun25

      United States Int Fixed Interest

      4.07%
    • Goodman Property Trust

      New Zealand Listed Property

      2.62%
    • Auckland International Airport Ltd

      New Zealand Australasian Equities

      2.6%
    • Infratil Ltd

      New Zealand Australasian Equities

      2.5%
    • Ust 0% 12/06/2025

      United States Int Fixed Interest

      2.31%
    • Precinct Properties NZ Ltd

      New Zealand Listed Property

      2.22%
    • US 10Yr Ultra Fut Jun25

      United States Int Fixed Interest

      2.15%
    • Osfi Futures Offset

      New Zealand Int Fixed Interest

      2.06%
    • Euro-Bobl Futures Jun25

      Germany Int Fixed Interest

      2.03%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 1.69%
    New Zealand Fixed Interest 20.0% 0.0%
    International Fixed Interest 15.0% 34.68%
    Australasian Equities 30.0% 29.55%
    International Equities 15.0% 17.64%
    Listed Properties 15.0% 16.44%
    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

  • 0.0% Animal Cruelty
  • 0.75% Human Rights Violations
  • 0.0% Social Harm
  • 13.46% Fossil Fuels
  • 0.0% Weapons
  • 0.31% Environmental Harm

Companies of Concern

  • Human Rights Violations

    • Ubs
      0.55%
      0.55%
    • General Motors
      0.20%
      0.20%
  • Fossil Fuels

    • Contact Energy Ltd.
      1.50%
      1.5°C
      This company is on a 1.5°C pathway
      1.50%
    • Nextera Energy, Inc.
      0.88%
      0.88%
    • 0.84%
    • Tc Energy Corp.
      0.82%
      !!
      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
      0.82%
    • Entergy Corp.
      0.70%
      0.70%
    • The Williams Cos., Inc.
      0.67%
      !!
      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
      0.67%
    • Nisource, Inc.
      0.59%
      0.59%
    • Wec Energy Group, Inc.
      0.54%
      0.54%
    • Pembina Pipeline Corp.
      0.53%
      !!
      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
      0.53%
    • Targa Resources Corp.
      0.46%
      0.46%
    • National Grid PLC
      0.45%
      !!
      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
      0.45%
    • Ameren Corp.
      0.39%
      0.39%
    • Ppl Corp.
      0.38%
      0.38%
    • Consolidated Edison, Inc.
      0.37%
      0.37%
    • Enel
      0.34%
      1.5°C
      This company is on a 1.5°C pathway
      0.34%
    • Engie SA
      0.32%
      !!
      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
      0.32%
    • Centerpoint Energy, Inc.
      0.31%
      0.31%
    • Pg&E Corp
      0.31%
      0.31%
    • Enn Clean Energy International Investment Ltd.
      0.28%
      0.28%
    • Evergy, Inc.
      0.26%
      0.26%
    • Alliant Energy Corp.
      0.25%
      0.25%
    • Royal Vopak Nv
      0.23%
      !!
      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
      0.23%
    • Tenaga Nasional Bhd.
      0.22%
      0.22%
    • Dominion Energy, Inc.
      0.20%
      0.20%
    • Sempra Energy
      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%
    • Électricité De France SA
      0.19%
      0.19%
    • Enbw Energie Baden Württemberg AG
      0.18%
      1.5°C
      This company is on a 1.5°C pathway
      0.18%
    • The Kansai Electric Power Co., Inc.
      0.18%
      0.18%
    • Rwe AG
      0.17%
      0.17%
    • Power Assets Holdings Ltd.
      0.15%
      0.15%
    • Xcel Energy, Inc.
      0.15%
      0.15%
    • Edp-Energias De Portugal SA
      0.12%
      1.5°C
      This company is on a 1.5°C pathway
      0.12%
    • Chubu Electric Power Co., Inc.
      0.11%
      0.11%
    • Cheniere Energy, Inc.
      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%
    • Osaka Gas
      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%
  • Environmental Harm

    • Pg&E Corp
      0.31%
      0.31%

About this Fund

The Fund’s investment objective is to provide a gross fixed quarterly income in excess of bank deposit rates, along with a positive return on capital on a rolling three year basis. The Fund targets a diversified mix of growth and defensive assets, with a focus on securities with strong ESG credentials and reliable income generation.

Value $46.3M NZD
Period of data report 31st March 2025
Fund started 19th May 2021
Total annual fund fees 0.88%
Total performance based fees 0.0%
Manager's basic fee 0.71%
Other management and administration charges 0.17%
Total other charges 0.0
Total other charges currency NZD

Matthew Goodson

Currently: Managing Director (11 years, 10 months)
Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (4 years, 5 months)

Paul Harrison

Currently: Managing Director (11 years, 10 months)
Previously: Portfolio Manager, BT Funds Management (NZ) Ltd (5 years, 0 months)

Paul Turnbull

Currently: Chief Investment Officer (5 years, 10 months)
Previously: Research Analyst at Jarden (6 years, 0 months)

Greg Fleming

Currently: Head of Global Diversified Funds (4 years, 0 months)
Previously: Head of Investment Strategy, AMP Capital NZ (4 years, 8 months)

Bevan Graham

Currently: Economist (4 years, 1 months)
Previously: Managing Director NZ, AMP Capital NZ (2 years, 2 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% 5.15%
2024 9.97% 4.15%
2023 -2.59% -5.68%

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

  • Fisher & Paykel Healthcare Ltd

    New Zealand Australasian Equities

    4.5%
  • US 5Yr Note (Cbt) Jun25

    United States Int Fixed Interest

    4.07%
  • Goodman Property Trust

    New Zealand Listed Property

    2.62%
  • Auckland International Airport Ltd

    New Zealand Australasian Equities

    2.6%
  • Infratil Ltd

    New Zealand Australasian Equities

    2.5%
  • Ust 0% 12/06/2025

    United States Int Fixed Interest

    2.31%
  • Precinct Properties NZ Ltd

    New Zealand Listed Property

    2.22%
  • US 10Yr Ultra Fut Jun25

    United States Int Fixed Interest

    2.15%
  • Osfi Futures Offset

    New Zealand Int Fixed Interest

    2.06%
  • Euro-Bobl Futures Jun25

    Germany Int Fixed Interest

    2.03%
Type Target Actual
Cash and Cash Equivalents 5.0% 1.69%
New Zealand Fixed Interest 20.0% 0.0%
International Fixed Interest 15.0% 34.68%
Australasian Equities 30.0% 29.55%
International Equities 15.0% 17.64%
Listed Properties 15.0% 16.44%
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.