Aspiring Fund

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Not Mindful
Type: Growth fund
Past Returns: 14.28%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 2.92%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

BHP Group Ltd 0.51%
Genesis Energy Ltd 0.77%
New Zealand Refining Ltd 0.15%
Santos Ltd 0.40%

Tobacco

Altria Group Inc 1.52%
Imperial Brands PLC 1.23%

Gambling

Sky City Entertainment Group 1.63%
Tabcorp Holdings Limited 0.63%

Alcohol

Australian Vintage Limited 0.54%
Foley Wines Ltd 0.34%
Treasury Wine Estates Ltd 0.70%

Human Rights & Environmental Violations

BHP Group Ltd 0.51%
Freeport - Mcmoran Copper 2.93%

Animal Testing

Altria Group Inc 1.520%
China Feihe Ltd 0.210%
Imperial Brands PLC 1.230%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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.

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.

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
2021 27.54% 40.26%
2020 -4.02% -4.07%
2019 5.16% 6.65%
2018 6.85% 6.76%
2017 7.20% 9.47%
2016 5.40% 11.69%
2015 12.09% 15.41%
2014 9.56% 7.26%
2013 13.67% 17.53%
2012 0.62% 9.69%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Cash and Cash Equivalents (NZD)
    New Zealand Cash and Equivalents
    6.68%
  • Tilt Renewables Limited
    New Zealand Australasian Equities
    5.14%
  • Volkswagen AG
    Germany International Equities
    4.99%
  • Infratil Ltd
    New Zealand Australasian Equities
    4.22%
  • Freeport Mcmoran
    United States International Equities
    2.93%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    2.79%
  • Cash and Cash Equivalents (AUD)
    Australia Cash and Equivalents
    2.76%
  • Amazon
    United States International Equities
    2.76%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    2.7%
  • Cleanaway Waste Management Ltd
    Australia Australasian Equities
    2.36%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 9.82%
New Zealand Fixed Interest 0.0% 2.36%
International Fixed Interest 0.0% 0.0%
Australasian Equities 50.0% 51.28%
International Equities 30.0% 36.79%
Listed Properties 0.0% -0.83%
Unlisted Properties 0.0% 0.09%
Other 0.0% 0.0%
Commodities 0.0% 0.47%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

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).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.58%
  • Animal Testing:
    2.96%
  • Fossil Fuels:
    1.83%
  • Gambling:
    2.26%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    3.44%
  • Palm Oil:
    0.00%
  • Tobacco:
    2.75%
  • 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 Wed March 31st 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

In their own words

"The Fund principally invests in Australasian and Globally listed Equities although it may invest in any assetclass (including investments in unlisted entities underwriting arrangements debt securities and property).The principal objective of the Fund is to achieve positive absolute returns averaging at least 4% overinflation (after fees and expenses but before tax) over the long term."

Value $480M NZD
Period of data report Wed March 31st 2021
Fund started Wed Feb. 1st 2006
Total annual fund fees 2.92%
Total performance based fees 1.7%
Manager's basic fee 1.03%
Other management and administration charges 0.2%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Murray Doyle

Currently: Director (15 years, 3 months)
Previously: (None years, None months)

John Rattray

Currently: Director (15 years, 3 months)
Previously: (None years, None months)

Campbell Stuart

Currently: Director (6 years, 1 months)
Previously: UBS - Managing Director of NZ Equities (17 years, 4 months)

Lance Reynolds

Currently: Director (5 years, 10 months)
Previously: UBS - NZ Equities Strategist (12 years, 2 months)

Peter Wright

Currently: Director (2 years, 0 months)
Previously: Morgan Stanley Investment Management - Co-Head International Equities (18 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.