Funds
Squirrel Monthly Income Fund
Fund type: Conservative fund
Past Returns: *5.33%Annual Fees: 2.14%
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:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
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. 2024 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 is designed to provide investors with a regular income return generated through exposure to a diversified portfolio of loans predominately secured against registered first mortgages on residential property across New Zealand. Loan exposure is obtained by investing in the Squirrel Wholesale Investment Funds scheme, whose funds obtain their loan exposure through investing via the Squirrel peer-to-peer (“P2P”) platform operated by Squirrel Money Limited. Assets of the Squirrel Wholesale Funds may include exposure to fractional and/or whole loans, as well as cash and cash equivalents.
| Value | $27.1M NZD |
| Period of data report | 30th Sept. 2024 |
| Fund started | 13th Oct. 2021 |
| Total annual fund fees | 2.14% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 2.14% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
David Tyrer |
Currently: Chief Operating Officer - Squirrel (4 years, 9 months) |
|
Tim Bowen |
Currently: Chief Financial Officer - Squirrel (8 years, 3 months) |
|
Doug Thomson |
Currently: Investor Relations Manager (3 years, 9 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.
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 |
|---|---|---|
| 2024 | 5.67% | 5.4% |
| 2023 | -1.56% | 4.65% |
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. 2024.
Top 10 Investments
-
Construction Loan Secured By Residential Dwelling (Waikato)
New Zealand Other4.54% -
Construction Loan Secured By Residential Dwelling (Auckland)
New Zealand Other4.27% -
Construction Loan Secured By Residential Dwelling (Auckland)
New Zealand Other2.26% -
Construction Loan Secured By Residential Dwelling (Wellington)
New Zealand Other2.15% -
Home Loan Secured By Residential Dwelling (Auckland)
New Zealand Other2.12% -
Home Loan Secured By Residential Dwelling (Auckland)
New Zealand Other2.11% -
Construction Loan Secured By Residential Dwelling (Auckland)
New Zealand Other1.87% -
Construction Loan Secured By Residential Dwelling (Taranaki)
New Zealand Other1.77% -
Construction Loan Secured By Residential Dwelling (Auckland)
New Zealand Other1.6% -
Construction Loan Secured By Residential Dwelling (Canterbury)
New Zealand Other1.57%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 67.0% | 3.12% |
| 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 | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 33.0% | 96.88% |
| 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 Sept. 2024.