Funds
Salt Sustainable Income Fund
Fund type: Growth fund
Past Returns: *-10.96%Annual Fees: 0.93%
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
- Contact Energy Ltd 1.69%
- Nextera Energy Inc 1.24%
- Sempra Energy 0.71%
- American Electric Power Co Inc 0.48%
- Genesis Energy Ltd 0.48%
- Cheniere Energy Inc 0.47%
- Ppl Corp 0.47%
- Tc Energy Corp 0.42%
- Evergy Inc 0.40%
- Alliant Energy Corp 0.39%
- Enbridge Inc 0.35%
- Entergy Corp 0.32%
- Pembina Pipeline Corp 0.32%
- Nisource Inc 0.31%
- Targa Resources Corp 0.29%
- Duke Energy Corp 0.26%
- Kansai Electric Power Co Inc 0.26%
- Pnm Resources Inc 0.24%
- Dt Midstream Inc 0.22%
- Altagas Ltd 0.21%
- National Grid PLC 0.21%
- Santos Brasil Participacoes SA 0.20%
- Emera Inc 0.17%
- Spire Inc 0.15%
- Clp Holdings Ltd 0.14%
- Hong Kong & China Gas Co Ltd 0.14%
- Osaka Gas Co Ltd 0.12%
- Energy Transfer Partners Lp 150325 4.05 Cb 0.04%
- Ck Asset Holdings Ltd 0.02%
Gambling
- Sky City Entertainment Group 0.61%
- Boyd Gaming Corp 0.02%
- Sands China Ltd 0.02%
Human Rights & Environmental Violations
- Duke Energy Corp 0.26%
- Credit Suisse AG 080823 6.50 Cb 0.07%
- Credit Suisse Group AG 120833 6.537 Cb 0.07%
- Credit Suisse Mortgage Tr Series 20 Fact Cls A 151037 Abs 0.05%
- Credit Suisse Group AG 020432 2.875 Cb 0.04%
- Wells Fargo and Co 240328 3.526 Cb 0.04%
- Energy Transfer Partners Lp 150325 4.05 Cb 0.03%
- Credit Suisse AG 070933 7.375 Cb 0.02%
- Credit Suisse AG London 050126 0.25 Cb 0.02%
- Credit Suisse Group AG 120624 4.207 Cb 0.02%
- Credit Suisse Group AG 240627 1.00 Cb 0.02%
- Bayer US Finance Ii Llc 151225 4.25 Cb 0.01%
- Bayer US Finance Ii Llc 151228 4.375 Cb 0.01%
Animal Cruelty
- Swpc0Gvu2 Ccp Sell Cds EUR 200625 Tesco PLC 1% Ms 0.02%
- Bayer US Finance Ii Llc 151225 4.25 Cb 0.01%
- Bayer US Finance Ii Llc 151228 4.375 Cb 0.01%
- Tesco Property Finance PLC 130440 5.744 Sf 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’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 | $43M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 19th May 2021 |
| Total annual fund fees | 0.93% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.75% |
| Other management and administration charges | 0.18% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Matthew Goodson |
Currently: Managing Director (9 years, 7 months) |
|
Paul Harrison |
Currently: Managing Director (9 years, 7 months) |
|
Paul Turnbull |
Currently: Chief Investment Officer (3 years, 7 months) |
|
Greg Fleming |
Currently: Head of Global Diversified Funds (1 years, 9 months) |
|
Bevan Graham |
Currently: Economist (1 years, 10 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 | 0.00% | |
| Animal Cruelty | 0.06% | |
| Fossil Fuels | 10.73% | |
| Gambling | 0.64% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 0.66% | |
| 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 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 |
|---|
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
-
Hunter Global Fixed Interest Fund
New Zealand Int Fixed Interest18.98% -
Goodman Property Trust
New Zealand Listed Property4.93% -
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities3.84% -
Kiwi Property Group Ltd
New Zealand Listed Property3.57% -
Precinct Properties NZ Ltd
New Zealand Listed Property3.48% -
Spark New Zealand Ltd
New Zealand Australasian Equities3.21% -
Argosy Property Trust
New Zealand Listed Property2.45% -
Property For Industry Ltd
New Zealand Listed Property2.38% -
Auckland International Airport Ltd
New Zealand Australasian Equities2.12% -
Mainfreight Ltd
New Zealand Australasian Equities2.1%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 0.84% |
| New Zealand Fixed Interest | 20.0% | 0.0% |
| International Fixed Interest | 15.0% | 18.98% |
| Australasian Equities | 30.0% | 34.87% |
| International Equities | 15.0% | 18.06% |
| Listed Properties | 15.0% | 27.25% |
| 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.