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

    • Credit Suisse Group AG 0.18%
    • Credit Suisse AG London 0.10%
    • Energy Transfer Lp 0.14% !!
      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
    • Bayer US Finance Ii Llc 0.05%
    • Bayer US Finance Ii Llc 0.05%
    • Sumitomo Corp. 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
    • Energy Transfer Lp 0.14% !!
      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
    • Cassa Depositi E Prestit 0.12%
    • Fairfax Finl Hldgs Ltd 0.06%

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. 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 Fund invests in a diversified portfolio of actively managed fixed interest securities, cash and derivatives. The predominant investment is in securities issued by governments, supranationals, local authorities, and corporates. The Fund may also invest in emerging market debt, asset backed securities, mortgage backed securities, structured notes, bank loans, high yield securities, mortgage derivatives, preferred securities, unrated securities, cash and cash equivalents, and derivative instruments, including currency hedging instruments.

Value $1.35B NZD
Period of data report 30th Sept. 2023
Fund started 15th March 2017
Total annual fund fees 0.53%
Total performance based fees 0.0%
Manager's basic fee 0.5%
Other management and administration charges 0.03%
Total other charges 0.0
Total other charges currency NZD

Tony Hildyard

Currently: Senior Portfolio Specialist (2 years, 0 months)
Previously: Managing Director, Hunter Investment Management Limited (5 years, 0 months)

Sachin Gupta

Currently: Executive Vice President and Global Portfolio Manager, Pacific Investment Management Co. (19 years, 9 months)
Previously: Member of ABN AMRO Bank fixed income and currency derivatives group (5 years, 9 months)

Andrew Balls

Currently: CIO Global Fixed Income, Pacific Investment Management Co. (9 years, 10 months)
Previously: Head of European Portfolio Management, Pacific Investment Management Co. (7 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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% -4.13%
2022 -2.46% -3.3%
2021 2.15% 4.87%
2020 1.75% 1.91%
2019 2.76% 2.86%
2018 1.94% 2.8%

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 Sept. 2023.

Top 10 Investments

  • Japan Treasury Disc Bill Nov 2023 #1178
    Japan Int Fixed Interest A1
    3.97%
  • US Treasury Repo
    United States Cash and Equivalents AA+
    3.87%
  • Japan Treasury Disc Bill Oct 2023 #1171
    Japan Int Fixed Interest A1
    3.65%
  • Japan Treasury Disc Bill Oct 2023 #1172
    Japan Int Fixed Interest A1
    3.07%
  • Japan Treasury Disc Bill Dec 2023 #1184
    Japan Int Fixed Interest A1
    2.78%
  • Japan Treasury Disc Bill Dec 2023 #1181
    Japan Int Fixed Interest A1
    2.6%
  • Fnma Pass Thru 30Yr #Ma5109
    United States Int Fixed Interest AA+
    2.3%
  • Japan Treasury Disc Bill Nov 2023#1175
    Japan Int Fixed Interest A1
    1.97%
  • Fnma Pass Thru 30Yr #Ma5044
    United States Int Fixed Interest AA+
    1.74%
  • US Dollar
    United States Cash and Equivalents A+
    1.59%
Type Target Actual
Cash and Cash Equivalents 0.0% 32.84%
New Zealand Fixed Interest 0.0% 0.04%
International Fixed Interest 100.0% 67.12%
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 Sept. 2023.