QuayStreet Socially Responsible Investment Fund

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Mindful Fund

Fund type: Balanced fund

Past Returns: 6.41%

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

Annual Fees: 1.03%

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

Coca-Cola 0.06%
Coca-Cola Company 0.03%
Conocophillips 0.03%
Marathon Petroleum Corp 0.01%
Neste 0.02%
Neste Oyj Common Stock EUR 0 0.02%
Pioneer Natural Resource 0.01%
Reliance Industries Ltd 0.01%
Snam Spa Common Stock EUR 0 0.01%

Alcohol

Ambev SA 0.01%

Palm Oil

GMOs

Adecoagro 0.09%

Human Rights & Environmental Violations

Johnson & Johnson 0.18%
Motorola Solutions Inc 0.01%

Animal Testing

Akt.:Puma Se: 0.01%
Akzo Nobel N.V. 0.02%
Akzo Nobel Nv 0.02%
Coca-Cola 0.06%
Coca-Cola Company 0.03%
Croda International PLC 0.01%
Croda International PLC Common Stock Gbp 10.60976 0.01%
Danone SA 0.03%
Danone SA Common Stock EUR 0.25 0.04%
Ecolab Inc 0.01%
Estee Lauder Companies Inc. Class A 0.01%
Estee Lauder Inc Class A 0.02%
Fujifilm Holdings Corp 0.05%
General Mills Inc 0.01%
Givaudan SA 0.03%
Glaxosmithkline PLC Common Stock Gbp 25 0.05%
Henkel & Kgaa Pref AG 0.01%
Henkel AG & Co Kgaa Preference EUR 0 0.01%
Hp Inc 0.01%
Johnson & Johnson 0.18%
Kao Corp 0.04%
Kerry Group PLC 0.02%
Kerry Group PLC-A 0.02%
Kikkoman Corp 0.02%
Kimberly Clark Corp 0.01%
Koninkilijke Dsm Nv 0.03%
Koninklijke Dsm Nv Common Stock EUR 1.5 0.03%
L'Oreal 0.06%
Linde PLC 0.06%
Loreal SA 0.09%
Mondelez International Inc Class A 0.02%
Mondelez International, Inc. Class A 0.01%
PPG Industries Inc 0.01%
Pepsico Inc 0.06%
Pepsico, Inc. 0.03%
Procter & Gamble 0.09%
Procter & Gamble Co 0.15%
Procter & Gamble Company 0.05%
Reckitt Benckiser Group PLC Common Stock Gbp 10 0.05%
Reliance Industries Ltd 0.01%
Sherwin Williams 0.02%
Sherwin-Williams Company 0.01%
Spectrum Brands Holdings 0.14%
Sumitomo Chemical Co Ltd 0.01%
Unilever PLC 0.04%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Sept. 30th 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 17.44% 14.65%
2020 -2.28% 0.83%
2019 4.43% 3.76%
2018 4.41% 4.51%
2017 5.71% 5.23%
2016 3.06% 1.95%
2015 8.56% 10.74%
2014 6.13% 5.49%
2013 8.77% 12.38%
2012 0.50% -2.83%

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 Sept. 30th 2021.

Showing the top 10 investments for this fund:

  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents AA-
    25.96%
  • Msci World Esg Leaders Trs
    United States International Equities
    13.28%
  • Cash Citibank (USD)
    New Zealand Cash and Equivalents BBB+
    9.34%
  • Ishares Msci Kld 400 Social
    United States International Equities
    5.7%
  • Vanguard Esg US Stock ETF
    United States Fund
    5.55%
  • Cash Citibank (AUD)
    New Zealand Cash and Equivalents BBB+
    2.2%
  • Ishares Msci Europe SRI ETF
    Ireland International Equities
    2.17%
  • Ishares Esg Msci Em ETF
    United States International Equities
    1.83%
  • Housing New Zealand (June 2025)
    New Zealand NZ Fixed Interest AAA
    1.66%
  • NZ Government (April 2025)
    New Zealand NZ Fixed Interest AAA
    1.65%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Sept. 30th 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 25.76%
New Zealand Fixed Interest 30.0% 20.03%
International Fixed Interest 0.0% 1.67%
Australasian Equities 20.0% 15.02%
International Equities 40.0% 36.21%
Listed Properties 0.0% 1.31%
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 Sept. 30th 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:
    0.02%
  • Animal Testing:
    2.07%
  • Fossil Fuels:
    0.35%
  • Gambling:
    0.00%
  • GMOs:
    0.10%
  • Human Rights & Environmental Violations:
    0.22%
  • Palm Oil:
    0.01%
  • 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 Thu Sept. 30th 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 guiding philosophy of the QuayStreet Socially Responsible Investment (SRI) Fund is to endeavour to have a diversified portfolio of investments that are considered to be environmentally and socially sustainable whilst still applying our traditional portfolio investment criteria. The Fund invests in income (e.G.Fixed interest) and growth (e.G. Shares)assets which are selected in accordance with our SRI Policy. The investment objective is to provide a return above the Fund’s benchmark over the long term. The portfolio can vary between a Growth and a Balanced investment strategy allowing the Investment Team to adjust the Fund’s overall risk exposure depending on market conditions. QuayStreet is a specialist funds management firm with a team across Auckland, New Zealand and Sydney, Australia. QuayStreet offers a range of diversified and sector specific investment funds for investors with varying investment needs and timeframes."

Value $64M NZD
Period of data report Thu Sept. 30th 2021
Fund started Wed Oct. 31st 2007
Total annual fund fees 1.03%
Total performance based fees 0.0%
Manager's basic fee 0.85%
Other management and administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Andrew South

Currently: Director/Chief Investment Officer (0 years, 2 months)
Previously: Investment Manager Australasian Equities QuayStreet Asset Management Limited (7 years, 1 months)

Roy Cross

Currently: Head of Fixed Interest (0 years, 2 months)
Previously: Senior Analyst QuayStreet Asset Management Limited (7 years, 1 months)

Stefan Stevanovic

Currently: Head of International Equity (0 years, 2 months)
Previously: Senior Analyst QuayStreet Asset Management Limited (7 years, 1 months)

Xavier Waterstone

Currently: Head of Research (0 years, 2 months)
Previously: Senior Analyst QuayStreet Asset Management Limited (2 years, 11 months)

Craig Smith

Currently: Fixed Income Analyst (0 years, 2 months)
Previously: Senior Analyst Melville Douglas Investment Management (5 years, 11 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Sept. 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

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.