Funds
QuayStreet Income Fund
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.
Key:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Fossil Fuels
-
Apa Infrastructure Ltd 3.13%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Ampol Ltd 1.24%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Contact Energy Ltd 0.59%
1.5°C
This company is on a 1.5°C pathway
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
CONTACT ENERGY LTD Fossil Fuel Power Generation
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel, and evidence shows that energy generated from fossil fuels accounts for 17% of generating capacity and 8% of the company’s revenues. However, Contact has announced plans for further investment in renewable generation. This includes NZD $1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
-
Apa Infrastructure Ltd 3.13%
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 2023 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
The QuayStreet Income Fund will invest in a diversified portfolio with an emphasis on income producing assets such as New Zealand and International fixed interest investments and derivatives. The fund may include an allocation to growth assets. The investment objective is to provide a level of return above the fund's benchmark over the long term. The fund aims to make quarterly distributions.
| Value | $230M NZD |
| Period of data report | 30th June 2023 |
| Fund started | 30th Sept. 2014 |
| Total annual fund fees | 0.76% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.65% |
| Other management and administration charges | 0.11% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Stuart Kenneth Reginald Millar |
Currently: Chief Investment Officer - Smartshares (4 years, 1 months) |
|
Alister John Williams |
Currently: Director (7 years, 7 months) |
|
Stefan Stevanovic |
Currently: Head of International Equities (0 years, 4 months) |
|
Xavier Waterstone |
Currently: Head of Australasian Equities (0 years, 4 months) |
|
Ross Hunt |
Currently: Head of Fixed Income Interest and Cash (0 years, 5 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.
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 |
|---|---|---|
| 2023 | -1.56% | 1.67% |
| 2022 | -0.95% | 0.26% |
| 2021 | 8.70% | 6.4% |
| 2020 | 0.08% | -0.04% |
| 2019 | 4.31% | 5.37% |
| 2018 | 3.39% | 2.98% |
| 2017 | 3.28% | 4.38% |
| 2016 | 2.92% | 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 30th June 2023.
Top 10 Investments
-
Australian Gas Networks Inflation Linked (Aug 2025)
Australia Int Fixed Interest AA4.54% -
Kiwibank Au (Oct 2027)
New Zealand NZ Fixed Interest A+4.11% -
Apt Pipelines (March 2025)
Australia Int Fixed Interest BBB3.57% -
Chorus (Dec 2028)
New Zealand NZ Fixed Interest BBB3.52% -
Goodman Property Trust (Sep 2028)
New Zealand NZ Fixed Interest BBB+3.11% -
NZ Govt Inflation Linked (Sep 2040)
New Zealand NZ Fixed Interest AAA2.9% -
ASB Subordinated Notes (June 2032)
New Zealand NZ Fixed Interest A-2.69% -
Lend Lease (May 2026)
Australia Int Fixed Interest BBB-2.64% -
Vector (Mar 2024)
New Zealand NZ Fixed Interest BBB+2.58% -
Scentre Group Subordinated Notes (Sep 2080)
Australia Int Fixed Interest BBB+2.55%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 5.66% |
| New Zealand Fixed Interest | 35.0% | 47.19% |
| International Fixed Interest | 35.0% | 41.05% |
| Australasian Equities | 10.0% | 2.03% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 10.0% | 4.07% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 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 2023.