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

    • Johnson & Johnson 1.84%
    • Meta Platforms Inc-Class A 1.53%
    • Nestle SA-Reg 0.92%
    • Caterpillar Inc 0.76%
    • Wells Fargo & Co 0.65%
    • Fmc Corp 0.60%
    • Shell PLC 0.59% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Exxon Mobil Corp 1.95% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Kimberly-Clark Corp 1.03%
    • LVMH Moet Hennessy Louis Vui 1.02%
    • Air Liquide SA 1.01%
    • Procter & Gamble Co/The 0.80%
    • L'Oreal 0.73%
    • Fmc Corp 0.60%
    • Shell PLC 0.59% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Dupont De Nemours Inc 0.47%
    • Walmart Inc 1.06%
    • Mitsui & Co Ltd 2.26% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Exxon Mobil Corp 1.95% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Eog Resources Inc 1.47% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Total SA 1.36%
    • Dte Energy Company 0.93%
    • Shell PLC 0.59% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C

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

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 $460M NZD
Period of data report 30th Sept. 2023
Fund started 31st Oct. 2009
Total annual fund fees 1.16%
Total performance based fees 0.0%
Manager's basic fee 1.05%
Other management and administration charges 0.12%
Total other charges 0.0
Total other charges currency NZD

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (4 years, 4 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Alister John Williams

Currently: Director (7 years, 10 months)
Previously: Investment Manager - Trust Management (5 years, 4 months)

Stefan Stevanovic

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

Xavier Waterstone

Currently: Head of Australasian Equities (0 years, 7 months)
Previously: Head of Research, QuayStreet Asset Management Limited (1 years, 7 months)

Ross Hunt

Currently: Head of Fixed Income Interest and Cash (0 years, 8 months)
Previously: Senior Portfolio Manager, Fixed Interest and Cash, Smartshares Limited (0 years, 7 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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 -5.17% 2.84%
2022 3.53% 9.31%
2021 35.55% 20.74%
2020 -7.06% 3.17%
2019 10.17% 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%

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 Sept. 2023.

Top 10 Investments

  • Apple
    United States International Equities
    5.15%
  • Microsoft
    United States International Equities
    4.61%
  • Alphabet
    United States International Equities
    4.35%
  • Amazon.Com
    United States International Equities
    2.68%
  • Unitedhealth Group
    United States International Equities
    2.45%
  • Mitsui & Co
    Japan International Equities
    2.26%
  • Exxon Mobil
    United States International Equities
    1.95%
  • Johnson & Johnson
    United States International Equities
    1.84%
  • Ametek
    United States International Equities
    1.64%
  • Home Depot
    United States International Equities
    1.55%
Type Target Actual
Cash and Cash Equivalents 0.0% 5.78%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 1.71%
International Equities 100.0% 92.51%
Listed Properties 0.0% 0.0%
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.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.