Funds
Evidential Sustainable Global Bond Fund
Fund type: Defensive fund
Past Returns: *1.74%Annual Fees: 0.35%
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
Human Rights Violations
-
Ubs Group AG 0.56%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
-
Thermo Fisher Scientific 0.52%
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
THERMO FISHER SCIENTIFIC Human Rights Abuses
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence shows Thermo Fisher Scientific continues to supply DNA sequencing products to the Xinjiang region, despite the company announcing it would halt sales to the region in 2019.
-
Johnson & Johnson 0.43%
Public Safety
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
JOHNSON & JOHNSON Public Safety
Johnson & Johnson is the world's largest and most diverse healthcare firm. The company has been involved in repeated incidents related to the quality and safety of several of its products across all three of the company’s business segments — drugs, devices, and consumer products. Several products have been associated with allegations of severe or even fatal adverse impacts on patients.
-
Wells Fargo & Company 0.21%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
WELLS FARGO & COMPANY Business Ethics
Well Fargo is one of the largest banks in the United States. From 2002 to 2016, Wells Fargo employees created 3.5 million unauthorised customer accounts to meet sales targets. These accounts generated improper fees and negatively affected customers' credit scores. The fake accounts, aggressive sales practices, alleged price fixing, and mistreatment of whistleblowers have led to lawsuits against Wells Fargo, raising concerns about the company's business ethics.
-
Credit Suisse Group AG 0.15%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
-
Ubs Group AG 0.56%
Animal Cruelty
Weapons
-
Dick's Sporting Goods 0.31%
Firearms
Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.
DICK'S SPORTING GOODS Firearms
Dick’s Sporting Goods retails athletic apparel, footwear, and equipment for sports. The company sells a range of semi-automatic rifles, shotguns, handguns related ammunition, as well as components such as rifle scopes.
-
Walmart Inc 0.07%
Firearms
Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.
WALMART INC Firearms
Walmart is the USA’s largest retailer by sales, selling a variety of general merchandise and grocery items. Walmart retails shotguns, pistols and ammunition at some of its stores in the USA, as well as components for firearms such as scopes. Walmart are currently working to improve their weapon-realted controls.
-
Brookfield Finance Inc 0.05%
Controversial Weapons
Where companies are involved in the manufacturing or retail of controversial weapons (e.g., landmines and cluster munitions) or components or services thereof.
-
Dick's Sporting Goods 0.31%
Fossil Fuels
-
Fairfax Finl Hldgs Ltd 0.44%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
-
Loews Corp 0.33%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Fairfax Finl Hldgs Ltd 0.44%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 31st March 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 provides investors with exposure to a diversified portfolio of intermediate term global fixed interest and money market securities whilst taking into account certain environmental and social considerations. The Fund aims to hedge all foreign currency exposure to the New Zealand dollar.
Value | $414M NZD |
Period of data report | 30th June 2024 |
Fund started | 7th June 2022 |
Total annual fund fees | 0.35% |
Total performance based fees | 0.0% |
Manager's basic fee | 0.35% |
Other management and administration charges | 0.0% |
Total other charges | 0.0 |
Total other charges currency | NZD |
Key Personnel
Damon O'Brien |
Currently: Investment Director at Consilium NZ Limited (0 years, 2 months) |
Mitchell Bristow |
Currently: Head of Investment Services at Consilium NZ Limited (0 years, 2 months) |
Bhanu Singh |
Currently: Chief Executive Officer and Senior Investment Director at DFA Australia Limited (1 years, 6 months) |
Timo Zauner |
Currently: Portfolio Manager, Fixed Income at DFA Australia Limited (3 years, 7 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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 | 3.59% | 4.12% |
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 June 2024.
Top 10 Investments
-
United Kingdom Gilt 1.750000% 09/07/2037
United Kingdom Int Fixed Interest AA2.39% -
Cash (AUD) Held In The Underlying Fund
Australia Cash and Equivalents1.66% -
Dexia 0.250000% 12/10/2026
Belgium Int Fixed Interest AA1.29% -
Societe Nationale Sncf S 3.125000% 05/25/2034
France Int Fixed Interest AA1.27% -
France (Govt Of) 1.250000% 05/25/2038
France Int Fixed Interest AA1.17% -
Amazon.Com Inc 2.875000% 05/12/2041
United States Int Fixed Interest AA1.15% -
Siemens Financieringsmat 2.875000% 03/11/2041
Germany Int Fixed Interest AA1.11% -
Treasury Corp Victoria 2.000000% 11/20/2037
Australia Int Fixed Interest AA1.03% -
European Union 0.200000% 06/04/2036
Belgium Int Fixed Interest AAA0.9% -
Amazon.Com Inc 1.500000% 06/03/2030
United States Int Fixed Interest AA0.83%
Type | Target | Actual |
---|---|---|
Cash and Cash Equivalents | 0.0% | 1.93% |
New Zealand Fixed Interest | 0.0% | 0.0% |
International Fixed Interest | 100.0% | 98.07% |
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 30th June 2024.