Funds

Midlands Smarter PIE Fund

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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.

This fund has no investments in issues of concern

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

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

In their own words

Your investment will comprise units in the Midlands Income Fund. Funds from investors are pooled and invested in a portfolio of loans secured by registered first mortgages over land and buildings in New Zealand and bank deposits. The Manager is Midlands Funds Management Limited, which makes decisions relating to the investments of the Midlands Income Fund. The Supervisor is Trustees Executors Limited, which holds the assets of the Midlands Income Fund.

Value $117M NZD
Period of data report 30th June 2024
Fund started 1st Nov. 2004
Total annual fund fees 2.1%
Total performance based fees 0.0%
Manager's basic fee 1.78%
Other management and administration charges 0.32%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Rhys Trusler

Currently: CHIEF EXECUTIVE OFFICER (1 years, 10 months)
Previously: Managing Partner, Southern Cross Partners (2 years, 0 months)

Miles Standeaven

Currently: SENIOR CREDIT MANAGER (3 years, 3 months)
Previously: Senior Corporate Analyst, Westpac (2 years, 5 months)

James Brownlie

Currently: CHIEF FINANCIAL OFFICER (1 years, 3 months)
Previously: Mortgage broker (0 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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 12.57% 6.58%
2023 -4.05% 5.55%
2022 1.38% 4.3%
2021 27.68% 4.23%
2020 -4.45% 5.16%
2019 6.12% 5.25%
2018 8.66% 6.97%
2017 7.20% 4.69%
2016 5.40% 6.12%
2015 12.09% 5.09%

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 30th June 2024.

Top 10 Investments

  • Cash & Cash Equivalents Jarden
    New Zealand Cash and Equivalents AA-
    0.1574%
  • Loan Secured Over Residential Property In Otago
    New Zealand Other
    0.0272%
  • Loan Secured Over Residential Property In Bay Of Plenty
    New Zealand Other
    0.0258%
  • Loan Secured Over Commercial Property In Otago
    New Zealand Other
    0.0254%
  • Loan Secured Over Rural Property In Hawkes Bay
    New Zealand Other
    0.0246%
  • Loan Secured Over Residential Property In Auckland
    New Zealand Other
    0.021%
  • Loan Secured Over Commercial Property In Waikato
    New Zealand Other
    0.0191%
  • Loan Secured Over Residential Property In Auckland
    New Zealand Other
    0.0182%
  • Loan Secured Over Residential Property In Auckland
    New Zealand Other
    0.0177%
  • Loan Secured Over Residential Property In Waikato
    New Zealand Other
    0.0174%
Type Target Actual
Cash and Cash Equivalents 15.0% 17.15%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
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 85.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

Target

Actual

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.