Amanah NZ

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Mindful Fund
Type: Growth fund
Past Returns: 5.37%

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

Annual Fees: 2.24%

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.


Animal Testing

Church & Dwight Company, Inc. 3.680%
Clorox Company (The) 0.900%
Procter & Gamble Company (The) 1.590%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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
2020 -4.35% 8.45%
2019 6.14% 5.9%
2018 7.69% 1.76%
2017 8.26% 2.44%
2016 5.40% -2.17%
2015 12.09% 4.29%

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 Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • Usdusd : USD Cash and Cash Equivalents
    New Zealand Cash and Equivalents
    9.43%
  • AAPL : Apple Inc.
    United States International Equities
    4.89%
  • Msft : Microsoft Corporation
    United States International Equities
    4.64%
  • Nke : Nike Inc.
    United States International Equities
    3.66%
  • Wns : Wns (Holdings) Limited
    United States International Equities
    3.41%
  • Lly : Eli Lilly and Company
    United States International Equities
    3.3%
  • Goog : Alphabet Inc.
    United States International Equities
    3.3%
  • Chd : Church & Dwight Company Inc.
    United States International Equities
    2.89%
  • Tsm : Taiwan Semiconductor Manufacturing Company Ltd.
    United States International Equities
    2.78%
  • Mlm : Martin Marietta Materials Inc.
    United States International Equities
    2.71%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 12.5% 11.04%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 87.5% 88.96%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:
    0.00%
  • Animal Testing:
    6.18%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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 Wed Sept. 30th 2020 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 intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

In their own words

"The objective of AmanahNZ is to invest in listed equities with the purpose of achieving long term capital appreciation. This fund may be suitable for those investors wanting an ethical investment option including those who must invest in accordance with Shari’ah law compliance. Amanah Ethical is a boutique fund management group based in Auckland, New Zealand. We specialise in providing ethical investment solutions to New Zealand and international investors. The Amanah Ethical group currently offers two ethical investment products: AmanahNZ and Amanah KiwiSaver Plan."

Value $23M USD
Period of data report Thu Dec. 31st 2020
Fund started Sun Sept. 1st 2013
Total annual fund fees 2.24%
Total performance based fees 0.57%
Manager's basic fee 1.25%
Administration charges 0.42%
Total other charges 0.0
Total other charges currency USD

Key Personnel

Gregory Fortuin

Currently: Board Chair (7 years, 4 months)
Previously: Director (finance industry) / Race Relations Conciliator (38 years, 3 months)

Brian Henry

Currently: Founder/Management Committee (7 years, 4 months)
Previously: Barrister (46 years, 3 months)

Claude Oberto

Currently: Director/Management Committee (7 years, 4 months)
Previously: Director (38 years, 3 months)

Robert Knox

Currently: Investment Committee Chair (7 years, 4 months)
Previously: Managing Partner BDO / Accountant (43 years, 3 months)

Sandra Clark

Currently: CEO/Management Committee (0 years, 11 months)
Previously: Credit Controller (9 years, 3 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 2020.

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.