QuayStreet International Equity Fund

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Fund type: Aggressive fund

Past Returns: 11.07%

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

Annual Fees: 1.16%

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

Eog Resources 1.96%
Exxon Mobil 1.75%
Mitsui & Co 1.61%
Dte Energy 1.30%
Totalenergies 1.18%
Shell PLC 0.56%

Weapons

Walmart 1.04%

Gambling

Mgm Resorts International 0.79%

Adult Entertainment/Pornography

Mgm Resorts International 0.79%

Alcohol

Diageo 1.30%

Human Rights & Environmental Violations

Johnson & Johnson 2.33%
Fmc Corp 1.15%
Nestle 1.07%
Meta Platforms 0.84%
Wells Fargo & Co 0.77%
Shell PLC 0.56%
Caterpillar 0.55%

Animal Testing

Exxon Mobil 1.75%
Mondelez International 1.34%
LVMH Moet Hennessy Louis Vuitton 1.30%
Kimberly-Clark Corp 1.16%
Fmc Corp 1.15%
Nestle 1.07%
Procter and Gamble 0.84%
Air Liquide 0.83%
L'Oreal 0.69%
Shell PLC 0.56%
Dupont De Nemours 0.38%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 2022 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.

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
2022 3.19% 9.31%
2021 36.07% 20.74%
2020 -7.33% 3.17%
2019 10.16% 6.31%
2018 7.53% 6.91%
2017 9.49% 9.59%
2016 4.71% 3.98%
2015 14.67% 13.49%
2014 10.13% 4.7%
2013 13.93% 15.37%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Apple
    United States International Equities
    5.03%
  • Cash ANZNZ (NZD)
    New Zealand Cash and Equivalents AA-
    4.46%
  • Microsoft
    United States International Equities
    4.11%
  • Alphabet
    United States International Equities
    4.0%
  • Unitedhealth Group
    United States International Equities
    2.96%
  • Amazon.Com
    United States International Equities
    2.71%
  • Johnson & Johnson
    United States International Equities
    2.33%
  • Roche Holding
    Switzerland International Equities
    1.99%
  • Loblaw Companies
    Canada International Equities
    1.97%
  • Eog Resources
    United States International Equities
    1.96%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 4.87%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 2.09%
International Equities 100.0% 93.04%
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 Fri Sept. 30th 2022.

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.79%
  • Alcohol:
    1.30%
  • Animal Testing:
    11.06%
  • Fossil Fuels:
    8.36%
  • Gambling:
    0.79%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    7.26%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    1.04%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 2022 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 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 QuayStreet International Equity Fund invests in a portfolio of shares from the international market, diversifying investors away from the New Zealand dollar. The investment objective is to provide a level of return above the Fund’s benchmark over the long term."

Value $400M NZD
Period of data report Fri Sept. 30th 2022
Fund started Sat Oct. 31st 2009
Total annual fund fees 1.16%
Total performance based fees 0.0%
Manager's basic fee 1.05%
Other management and administration charges 0.11%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Andrew South

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

Roy Cross

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

Stefan Stevanovic

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

Xavier Waterstone

Currently: Head of Research (1 years, 2 months)
Previously: Senior Analyst, QuayStreet Asset Management Limited (2 years, 11 months)

Craig Smith

Currently: Fixed Income Analyst (1 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 Fri Sept. 30th 2022.

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.