Funds

APN AREIT 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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

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 30th Sept. 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.

About this fund

In their own words

The Fund invests in an Australian Unit Trust (‘Underlying Fund’) managed by Dexus Asset Management Limited ('Dexus'). The Underlying Fund invests in Australian Real Estate Investment Trust ('AREIT') shares. The Fund targets a position of being fully hedged back to the New Zealand dollar.

Value $11M NZD
Period of data report 31st Dec. 2022
Fund started 10th March 2017
Total annual fund fees 1.08%
Total performance based fees 0.0%
Manager's basic fee 1.08%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Peter Morrissey

Currently: Lead Portfolio Manager & CEO, Real Estate Securities, Dexus Asset Management Limited (4 years, 0 months)
Previously: Fund Manager, Dexus Asset Management Limited (12 years, 1 months)

Mark Mazzarella

Currently: Fund Manager, Dexus Asset Management Limited (3 years, 3 months)
Previously: Assistant Fund Manager, Dexus Asset Management Limited (2 years, 1 months)

Cindy Effendi

Currently: Senior Real Estate Securities Analyst, Dexus Asset Management Limited (0 years, 3 months)
Previously: Equity Analyst, Diogenes Research (7 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

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 0.00%
Alcohol 0.00%
Animal Cruelty 0.00%
Fossil Fuels 0.00%
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 30th Sept. 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.

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
2022 3.19% 18.01%
2021 36.07% 37.78%
2020 -7.33% -35.86%
2019 10.16% 17.02%
2018 7.53% -5.15%

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 31st Dec. 2022.

Top 10 Investments

  • Goodman Group
    Australia Listed Property
    14.72%
  • Scentre Group
    Australia Listed Property
    10.89%
  • Stockland
    Australia Listed Property
    6.36%
  • Dexus/Au
    Australia Listed Property
    5.69%
  • Homeco Daily Needs Reit
    Australia Listed Property
    4.86%
  • Mirvac Group
    Australia Listed Property
    4.82%
  • Centuria Industrial Reit
    Australia Listed Property
    4.61%
  • Gpt Group
    Australia Listed Property
    4.17%
  • Charter Hall Group
    Australia Listed Property
    3.94%
  • Region Re Ltd
    Australia Listed Property
    3.43%
Type Target Actual
Cash and Cash Equivalents 0.0% 3.47%
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 100.0% 96.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.53%
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 31st Dec. 2022.