QuayStreet Income Fund

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Not Mindful
Type: Defensive fund
Past Returns: 2.77%

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

Annual Fees: 0.78%

Annual fees, including any membership and % management 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

Apt Pipelines (March 2025) 3.24%
Genesis Energy (Jul 2022) 1.13%

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.

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 1.67% -0.04%
2019 2.69% 5.37%
2018 2.37% 2.98%
2017 1.63% 4.38%
2016 2.91% 4.47%

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 Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • Sydney Airport Inflation Linked (Nov 2020)
    Australia Int Fixed Interest BBB+
    3.74%
  • ANZ New Zealand Td 1.3% 23/7/2021
    New Zealand Cash and Equivalents AA-
    3.73%
  • Scentre Subordinated Notes (Sep 2080)
    Australia Int Fixed Interest BBB+
    3.34%
  • Mirvac (Mar 2027)
    Australia Int Fixed Interest A-
    3.31%
  • Apt Pipelines (March 2025)
    Australia Int Fixed Interest BBB
    3.24%
  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents AA-
    3.15%
  • Z Energy (Nov 2021)
    New Zealand NZ Fixed Interest
    2.58%
  • Powerco (Sep 2022)
    New Zealand NZ Fixed Interest BBB
    2.48%
  • Lend Lease (May 2026)
    Australia Int Fixed Interest BBB-
    2.46%
  • ASB Subordinated Notes (Dec 2026)
    New Zealand NZ Fixed Interest BBB+
    2.31%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 14.71%
New Zealand Fixed Interest 70.0% 37.54%
International Fixed Interest 0.0% 41.74%
Australasian Equities 10.0% 2.31%
International Equities 0.0% 0.0%
Listed Properties 10.0% 3.7%
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 Wed Sept. 30th 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:
    0.00%
  • Fossil Fuels:
    4.37%
  • 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 QuayStreet Income Fund invests in a diversified portfolio with an emphasis on income producing assets which may include listed property equities and derivatives. The investment objective is to provide returns above the Fund's benchmark taking into account the prevailing short-term interest rates while preserving the real value of investments relative to inflation. The Fund aims to make quarterly distributions."

Value $270M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Tue Sept. 30th 2014
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.66%
Administration charges 0.12%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

James Ring

Currently: Investment Manager International Equities (6 years, 3 months)
Previously: Investment Manager Rank Group Limited (1 years, 0 months)

Andrew South

Currently: Investment Manager Australasian Equities (6 years, 3 months)
Previously: Chief Investment Officer Brook Asset Management Limited (4 years, 1 months)

Roy Cross

Currently: Senior Analyst (6 years, 3 months)
Previously: Senior Analyst Brook Asset Management Limited (8 years, 7 months)

Stefan Stevanovic

Currently: Senior Analyst (6 years, 3 months)
Previously: Research Analyst Brook Asset Management Limited (6 years, 7 months)

Xavier Waterstone

Currently: Senior Analyst (2 years, 1 months)
Previously: Senior Analyst Diogenes Research (1 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.