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

    • Ubs Group AG 0.06%
    • Wells Fargo & Company 0.03%
    • Wells Fargo & Co 0.02%
    • Ubs Group AG 144A 0.01%
    • Procter & Gamble Co/The 0.05%
    • Brookfield Corp 0.01%
    • Walmart Inc 0.01%
    • Cassa Depositi E Prestit 0.18%
    • Jefferies Fin Group Inc 0.17%
    • Electricite De France SA 0.04%
    • Consolidated Edison Inc 0.01%
    • E.On Se 0.01%
    • Iberdrola Intl Bv 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Capital 0.01%
    • Oneok Inc 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 2024 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 aims to provide investors with a broadly diversified portfolio of international investment grade income securities. The fund offers a multi-manager approach to fixed interest investing.

Value $18.0M NZD
Period of data report 31st March 2024
Fund started 4th May 2011
Total annual fund fees 1.34%
Total performance based fees 0.0%
Manager's basic fee 0.7%
Other management and administration charges 0.64%
Total other charges 0.0
Total other charges currency NZD

Phil Ellison

Currently: Non-executive Director / Investment Committee member (1 years, 8 months)
Previously: Founder and CEO, Finance Now Ltd (22 years, 1 months)

Martin Pike

Currently: Chief Investment Officer (8 years, 6 months)
Previously: National Manager, Investment Product & Services, AMP Financial Services (2 years, 4 months)

Morne Redgard

Currently: Chief Executive Officer, Funds Adminstration New Zealand (0 years, 10 months)
Previously: Chief Customer Officer, Kiwi Wealth Ltd (1 years, 8 months)

Mike Skilling

Currently: Non-executive Director / Investment Committee chairperson (7 years, 10 months)
Previously: GM Business Financial Services & Private Banking, BNZ (8 years, 0 months)

Derek Young

Currently: Chief Operating Officer (0 years, 8 months)
Previously: Executive Director, Funds Administration New Zealand Ltd (19 years, 1 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2024.

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
2024 3.59% 2.82%
2023 -0.79% -3.18%
2022 -2.46% -4.02%
2021 2.15% 2.92%
2020 1.75% 0.22%
2019 2.76% 1.7%
2018 1.94% 1.13%
2017 1.52% 3.02%
2016 2.91% 2.18%
2015 5.21% 7.93%

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 2024.

Top 10 Investments

  • Ishares Global Aggregate Bond ESG Ucits ETF NZD Hedged
    Ireland Int Fixed Interest
    62.34%
  • Dimensional Two-Year Sustainability Fixed Interest Trust – NZD Class Units
    Australia Int Fixed Interest
    24.65%
  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    7.04%
  • Cash Deposit (ANZ Bank)
    New Zealand Cash and Equivalents
    5.19%
  • Cash Deposit (Jpm AUD)
    Australia Cash and Equivalents
    0.0%
Type Target Actual
Cash and Cash Equivalents 5.0% 5.97%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 95.0% 94.03%
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 March 2024.