Funds
BNZ Private Wealth Series International Fixed Interest 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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Vier Gas Transport Gmbh 4.625% 26/09/2032 0.63%
- Galaxy Pipeline Assets Bidco Ltd Medium Term Note 2.625% 31/03/2036 0.53%
- The Williams Companies Inc 2.6% 15/03/2031 0.35%
- N.V. Nederlandse Gasunie 3.375% 11/07/2034 0.34%
- Enterprise Products Operating Llc 4.45% 15/02/2043 0.33%
- Vier Gas Transport Gmbh 4% 26/09/2027 0.22%
- Williams Companies Inc 4.85% 01/03/2048 0.17%
- Anglo American Capital PLC 4.75% 21/09/2032 0.15%
- Ppl Electric Utilities Corp 4.15% 15/06/2048 0.11%
- Consolidated Edison Company Of New York Inc 3.95% 01/04/2050 0.04%
- Vier Gas Transport Gmbh 0.125% 10/09/2029 0.02%
- Vier Gas Transport Gmbh 0.5% 10/09/2034 0.01%
Alcohol
- Anheuser-Busch Inbev Worldwide Inc 5.45% 23/01/2039 0.42%
- Anheuser-Busch Inbev Finance Inc 4.7% 01/02/2036 0.32%
- Bacardi Ltd 5.3% 15/05/2048 0.29%
- Bacardi Ltd 4.45% 15/05/2025 0.23%
- Diageo Capital B.V. 1.875% 08/06/2034 0.17%
Human Rights & Environmental Violations
- Credit Suisse Group AG 3.091% 14/05/2032 0.50%
- Basf Se 3.75% 29/06/2032 0.27%
- Credit Suisse AG London 0.25% 01/09/2028 0.17%
- Credit Suisse Group AG 4.194% 01/04/2031 0.14%
- Thermo Fisher Scientific (Finance I) B.V. 1.625% 18/10/2041 0.11%
- Thermo Fisher Scientific Inc 1.875% 01/10/2049 0.07%
Animal Cruelty
- Tesco Property Finance 3 PLC 5.744% 13/04/2040 0.28%
- Basf Se 3.75% 29/06/2032 0.27%
- Kraft Heinz Foods Company 4.125% 01/07/2027 0.27%
- Rentokil Initial Finance B.V. 4.375% 27/06/2030 0.20%
- Tesco Property Finance 2 PLC 6.0517% 13/10/2039 0.20%
- Danone SA 1% Perpetual 0.18%
- Kraft Heinz Foods Company 4.875% 01/10/2049 0.12%
- Kraft Heinz Foods Co 4.375% 01/06/2046 0.08%
- Tesco Property Finance 1 PLC 7.6227% 13/07/2039 0.07%
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 International Fixed Interest Fund invests in international fixed interest securities, primarily investment-grade government and corporate bonds in developed markets, but with the ability to invest to a lesser extent in emerging market countries. It aims to provide a gross return in excess of its benchmark index, over the medium term.
| Value | $450M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 2nd March 2017 |
| Total annual fund fees | 0.49% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.47% |
| Other management and administration charges | 0.02% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Peter Forster |
Currently: Chair, BNZ Investment Review Committee (3 years, 0 months) |
|
Richard Ansell |
Currently: Member, BNZ Investment Review Committee (3 years, 0 months) |
|
Jason Wong |
Currently: Member, BNZ Investment Review Committee (2 years, 0 months) |
|
Louis Nel |
Currently: Member, BNZ Investment Review Committee (0 years, 9 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 | 1.43% | |
| Animal Cruelty | 1.67% | |
| Fossil Fuels | 2.90% | |
| Gambling | 0.00% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 1.26% | |
| 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 | -2.19% | -3.93% |
| 2021 | 1.34% | 4.32% |
| 2020 | 1.00% | 2.58% |
| 2019 | 2.36% | 2.08% |
| 2018 | 1.94% | 2.41% |
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
-
BNP Paribas Bank Account USD
United States Cash and Equivalents A+1.93% -
United States Of America 2.75% 31/05/2029
United States Int Fixed Interest AA+1.38% -
United States Treasury 2% 15/11/2041
United States Int Fixed Interest AA+1.27% -
United States Of America 0.375% 15/07/2024
United States Int Fixed Interest AA+1.03% -
Amazon.Com Inc 4.7% 01/12/2032
United States Int Fixed Interest AA1.01% -
Danske Bank A/S 1.549% 10/09/2027
Denmark Int Fixed Interest A+0.84% -
United States Of America 2.75% 30/04/2027
United States Int Fixed Interest AA+0.76% -
National Grid Electricity Transmission PLC Medium Term Note 0.823% 07/07/2032
United Kingdom Int Fixed Interest BBB+0.75% -
United States Of America 2.875% 30/04/2029
United States Int Fixed Interest AA+0.74% -
Bank Of America Corp Medium Term Note 2.651% 11/03/2032
United States Int Fixed Interest A+0.7%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.29% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 99.71% |
| 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 | 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 31st Dec. 2022.