Fund type: Aggressive fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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.
New Zealand Refining Ltd 3.80%
Christian Dior 0.87%
Davide Campari Milano Spa 0.59%
Christian Dior 0.87%
Estee Lauder Cos Inc/The 2.23%
Givaudan SA 2.62%
Hermes International 1.63%
International Flavors & Fragrances Inc 3.65%
Salvatore Ferragamo Spa 1.45%
Symrise AG 1.52%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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.
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|
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 Thu March 31st 2022.
Showing the top 10 investments for this fund:
Cash Deposit (BNP)
New Zealand Cash and Equivalents A+ (S&P)4.3%
Universal Music Group
Netherlands Int Fixed Interest4.08%
New Zealand Refining
New Zealand International Equities3.8%
International Flavors & Fragrances
United States International Equities3.65%
United States International Equities3.51%
United States International Equities3.37%
Alibaba Group Holding
Cayman Islands International Equities3.25%
United States International Equities3.09%
United States Int Fixed Interest2.98%
Liberty Siriusxm Group
United States International Equities2.89%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.
How the money in this fund is invested against the fund's targets.
|Cash and Cash Equivalents||5.0%||4.3%|
|New Zealand Fixed Interest||0.0%||0.0%|
|International Fixed Interest||0.0%||0.0%|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.
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 concernDoes this fund say it excludes this?Actual holdings
Human Rights & Environmental Violations:0.00%
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 mainly invests in the shares of listed companies, although it may invest in unlisted companies up to total limit of 10% of Net Asset Value of the Fund. The companies we invest in may be based and operate anywhere in the world. The principal objective of the Fund is to achieve positive absolute returns after fees and expenses, but before tax over the long term (that is a period of at least five years). The investment objectives and policy for the Fund are broadly drafted so as to provide us with the mandate to seek on behalf of investors long-term income and capital growth by directly investing in equities on a global basis."
|Period of data report||Thu March 31st 2022|
|Fund started||Tue Dec. 9th 2008|
|Total annual fund fees||1.85%|
|Total performance based fees||0.0%|
|Manager's basic fee||1.24%|
|Other management and administration charges||0.61%|
|Total other charges||0.0|
|Total other charges currency||NZD|
Currently: Portfolio Manager and Managing Director - Elevation Capital Management Limited (13 years, 3 months)
Download the fund's disclosure statement and portfolio holdings.