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:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Nestle Holdings Inc 0.24%
    • Credit Suisse Group AG 0.20%
    • Motorola Solutions Inc 0.12%
    • Nestle Finance Intl Ltd 0.07%
    • Caterpillar Finl Service 0.06%
    • Caterpillar Inc 0.04%
    • Johnson & Johnson 0.03%
    • Wells Fargo & Company 0.03%
    • Rio Tinto Alcan Inc 0.02%
    • Rio Tinto Fin Usa Ltd 0.02%
    • Rio Tinto Fin Usa PLC 0.02%
    • Shell International Fin 0.17% !!
      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
    • Duke Energy Corp 0.15%
    • Nutrien Ltd 0.09%
    • Bunge Ltd Finance Corp 0.06%
    • Newcrest Finance Pty Ltd 0.03%
    • Dow Chemical Co/The 0.18%
    • Unilever Finance 0.18%
    • Shell International Fin 0.17% !!
      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
    • Procter & Gamble Co/The 0.15%
    • Unilever Capital Corp 0.13%
    • LVMH Moet Hennessy Vuitt 0.12%
    • Intl Flavor & Fragrances 0.11%
    • Nutrien Ltd 0.09%
    • 3M Company 0.08%
    • Kering 0.08%
    • PPG Industries Inc 0.07%
    • Celanese US Holdings Llc 0.06%
    • Kimberly-Clark Corp 0.06%
    • Akzo Nobel Nv 0.04%
    • Ecolab Inc 0.04%
    • Henkel AG & Co Kgaa 0.04%
    • Hormel Foods Corp 0.04%
    • Rentokil Initial Finance 0.04%
    • Yara International Asa 0.04%
    • Arkema 0.03%
    • Colgate-Palmolive Co 0.03%
    • Solvay SA 0.03%
    • Givaudan Fin Europe 0.01%
    • Hexcel Corp 0.07%
    • Enel Finance Intl Nv 0.25% 1.5°C
      This company is on a 1.5°C pathway
    • Enbridge Inc 0.18% !!
      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
    • Enel Spa 0.17% 1.5°C
      This company is on a 1.5°C pathway
    • Shell International Fin 0.17% !!
      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
    • Totalenergies Se 0.17% !!
      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
    • Nisource Inc 0.16%
    • Oneok Inc 0.16%
    • Duke Energy Corp 0.15%
    • Iberdrola Intl Bv 0.15% 1.5°C
      This company is on a 1.5°C pathway
    • National Grid PLC 0.13% !!
      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
    • OMV AG 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
    • Apa Infrastructure Ltd 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
    • Woodside Finance 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
    • Ccep Finance Ireland Dac 0.09%
    • E.On Intl Finance Bv 0.09%
    • Naturgy Finance Bv 0.09%
    • Santos Finance Ltd 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
    • Aker BP Asa 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
    • Phillips 66 Co 0.07%
    • Snam Spa 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
    • Xcel Energy Inc 0.07%
    • Totalenergies Cap Intl 0.06% !!
      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
    • Dominion Energy Inc 0.05%
    • Iberdrola SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Capital 0.05%
    • Ameren Corp 0.04%
    • BP Capital Markets PLC 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
    • Enbridge Energy Partners 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
    • Marathon Petroleum Corp 0.04%
    • Valero Energy Corp 0.04%
    • Cms Energy Corp 0.03%
    • Enn Energy Holdings Ltd 0.03%
    • Public Service Enterpris 0.03%
    • Sempra Energy 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
    • Enbridge Gas Inc 0.02% !!
      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
    • Enterprise Products Oper 0.02% !!
      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
    • Iberdrola Finanzas Sau 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Oneok Partners Lp 0.02%
    • Aes Corp/The 0.01% !!
      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
    • Aes Panama Generation Hl 0.01%
    • American Electric Power 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 31st March 2023 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

The International Fixed Interest Fund invests mainly in international fixed interest assets. Investments may include:
• fixed interest assets issued by governments or international companies, and
• cash and cash equivalents.The fund aims to achieve a positive yearly return (after the fund charge and before tax) that over the long-term is broadly in line with the relevant market index.

Value $2.4M NZD
Period of data report 30th June 2023
Fund started 19th Sept. 2013
Total annual fund fees 0.62%
Total performance based fees 0.0%
Manager's basic fee 0.45%
Other management and administration charges 0.17%
Total other charges 0.0
Total other charges currency NZD

Paul Huxford

Currently: Chief Investment Officer, New Zealand (5 years, 0 months)
Previously: Acting Chief Investment Officer, ANZ Bank New Zealand Limited (0 years, 3 months)

Maaike Van Tol

Currently: Head of Asset Allocation (4 years, 4 months)
Previously: Senior Asset Allocation Manager, ANZ Bank New Zealand Limited (1 years, 8 months)

Helen Skinner

Currently: Head of Responsible Investing (1 years, 1 months)
Previously: Head of Emerging Wealth, Craigs Investment Partners (1 years, 2 months)

Heath Smith3

Currently: Senior Investment Analyst (0 years, 1 months)
Previously: Client Relationship Manager (Wholesale and Institutional), ANZ Bank New Zealand Limited (6 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.

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
2023 -0.79% -5.04%
2022 -2.46% -3.62%
2021 2.15% -0.55%
2020 1.75% 5.56%
2019 2.76% 2.85%
2018 1.94% 1.13%
2017 1.52% 0.38%
2016 2.91% 2.96%
2015 5.21% 7.51%

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 30th June 2023.

Top 10 Investments

  • United States Notes Fixed 3% - Repurchase Agreement
    United States Cash and Equivalents
    2.13%
  • United States Notes Fixed 3.875% - Repurchase Agreement
    United States Cash and Equivalents
    2.1%
  • Tba Umbs Single Family 30Yr 4.0 08/23
    United States Int Fixed Interest
    0.48%
  • Tba Umbs Single Family 30Yr 4.5 08/23
    United States Int Fixed Interest
    0.39%
  • Bank Deposit (Gbp Jpm )
    United Kingdom Cash and Equivalents A-1
    0.37%
  • Cash Deposit (J.P. Morgan USD)
    United States Cash and Equivalents A-1
    0.35%
  • Bank Deposit (USD Jpm )
    United States Cash and Equivalents A-1
    0.3%
  • Japan Bill Zero Cpn 14/Aug/2023 Jpy 50000
    Japan Int Fixed Interest
    0.28%
  • United States Notes Fixed 2.25% - Repurchase Agreement
    United States Cash and Equivalents
    0.28%
  • Bank Deposit (EUR Jpm )
    Germany Cash and Equivalents A-1
    0.27%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.15%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 99.85%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
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.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.