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

    • Energy Transfer Partners Lp 150325 4.05 Cb 0.18%
    • Sunoco Logistics Partners Operations Lp 150123 3.45 Cb 0.02%
    • Credit Suisse Group AG 120833 6.537 Cb 0.39%
    • Credit Suisse AG 080823 6.50 Cb 0.36%
    • Credit Suisse Mortgage Tr Series 20 Fact Cls A 151037 Abs 0.24%
    • Wells Fargo and Co 240328 3.526 Cb 0.22%
    • Credit Suisse Group AG 020432 2.875 Cb 0.20%
    • Energy Transfer Partners Lp 150325 4.05 Cb 0.18%
    • Credit Suisse AG 070933 7.375 Cb 0.12%
    • Credit Suisse AG London 050126 0.25 Cb 0.11%
    • Credit Suisse Group AG 120624 4.207 Cb 0.08%
    • Credit Suisse Group AG 240627 1.00 Cb 0.08%
    • Bayer US Finance Ii Llc 151225 4.25 Cb 0.06%
    • Bayer US Finance Ii Llc 151228 4.375 Cb 0.06%
    • Swpc0Gvu2 Ccp Sell Cds EUR 200625 Tesco PLC 1% Ms 0.13%
    • Tesco Property Finance PLC 130440 5.744 Sf 0.07%
    • Bayer US Finance Ii Llc 151225 4.25 Cb 0.06%
    • Bayer US Finance Ii Llc 151228 4.375 Cb 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. 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

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 $1.1B NZD
Period of data report 31st Dec. 2022
Fund started 15th March 2017
Total annual fund fees 0.54%
Total performance based fees 0.0%
Manager's basic fee 0.53%
Other management and administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Tony Hildyard

Currently: Senior Portfolio Specialist (1 years, 3 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, 0 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, 1 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 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 0.32%
Fossil Fuels 0.20%
Gambling 0.00%
GMOs 0.00%
Human Rights & Environmental Violations 2.10%
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
2022 -2.19% -3.3%
2021 1.34% 4.87%
2020 1.00% 1.91%
2019 2.36% 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 31st Dec. 2022.

Top 10 Investments

  • Federal National Mortage Association Feb 2044 3.00%
    United States Int Fixed Interest AAA
    6.05%
  • Federal National Mortgage Association Feb 2044 4.50%
    United States Int Fixed Interest AAA
    5.52%
  • Japan Treasury Bill 23 Jan 2023
    Japan Int Fixed Interest A1+
    4.61%
  • Federal National Mortgage Association Jan 2044 3.00%
    United States Int Fixed Interest AAA
    3.96%
  • Japan Treasury Bill 06 Feb 2023
    Japan Int Fixed Interest A1+
    3.58%
  • Federal National Mortgage Association Feb 2044 4.00%
    United States Int Fixed Interest AAA
    3.39%
  • Federal National Mortgage Association Jan 2044 4.50%
    United States Int Fixed Interest AAA
    3.38%
  • Japan Treasury Bill 27 Feb 2023
    Japan Int Fixed Interest A1+
    3.33%
  • Japan Treasury Bill 30 Jan 2023
    Japan Int Fixed Interest A1+
    3.01%
  • Japan Treasury Bill 16 Jan 2023
    Japan Int Fixed Interest A1+
    2.74%
Type Target Actual
Cash and Cash Equivalents 0.0% 24.59%
New Zealand Fixed Interest 0.0% 0.05%
International Fixed Interest 100.0% 75.36%
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 31st Dec. 2022.