Funds
Evidential Sustainable Global Bond 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
- Loews Corp 3.200000% 05/15/2030 0.39%
- Continental Resources 5.750000% 01/15/2031 0.07%
- Esb Finance Dac 1.875000% 06/14/2031 0.06%
Weapons
- Dick'S Sporting Goods 3.150000% 01/15/2032 0.34%
- Walmart Inc 5.625000% 03/27/2034 0.07%
- Walmart Inc 5.750000% 12/19/2030 0.05%
- Walmart Inc 4.875000% 09/21/2029 0.03%
- Walmart Inc 2.375000% 09/24/2029 0.01%
Human Rights & Environmental Violations
- Thermo Fisher Scientific 2.375000% 04/15/2032 0.41%
- Credit Suisse New York 2.950000% 04/09/2025 0.37%
- Johnson & Johnson 3.550000% 03/01/2036 0.27%
- Thermo Fisher Scientific 2.800000% 10/15/2041 0.17%
- Credit Suisse Group AG 0.650000% 09/10/2029 0.16%
- Wells Fargo & Company 2.500000% 05/02/2029 0.10%
- Thermo Fisher Scientific 1.950000% 07/24/2029 0.07%
- Wells Fargo & Company 0.625000% 08/14/2030 0.06%
- Wells Fargo & Company 3.000000% 04/22/2026 0.06%
Animal Cruelty
- Ralph Lauren Corp 2.950000% 06/15/2030 0.23%
- Pvh Corp 3.125000% 12/15/2027 0.20%
- Coca-Cola Co/The 0.400000% 05/06/2030 0.16%
- Jab Holdings Bv 1.000000% 07/14/2031 0.13%
- Colgate-Palmolive Co 0.300000% 11/10/2029 0.09%
- Estee Lauder Co Inc 2.600000% 04/15/2030 0.07%
- Procter & Gamble Co/The 1.200000% 10/29/2030 0.06%
- Procter & Gamble Co/The 1.125000% 11/02/2023 0.05%
- Campbell Soup Co 2.375000% 04/24/2030 0.04%
- Coca-Cola Co/The 0.500000% 03/09/2033 0.04%
- Procter & Gamble Co/The 1.250000% 10/25/2029 0.04%
- Unilever Finance 1.625000% 02/12/2033 0.03%
- Coca-Cola Co/The 1.125000% 03/09/2027 0.02%
- Kellogg Co 7.450000% 04/01/2031 0.02%
- Campbell Soup Co 4.150000% 03/15/2028 0.01%
- Procter & Gamble Co/The 1.800000% 05/03/2029 0.01%
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 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 | $170M NZD |
| Period of data report | 31st Dec. 2022 |
| 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: Head of Investment Services at Consilium NZ Limited (8 years, 8 months) |
|
Mitchell Bristow |
Currently: Investment Research Lead at Consilium NZ Limited (3 years, 1 months) |
|
Bhanu Singh |
Currently: Head of Portfolio Management APAC, Director and Vice President at DFA Australia Limited (7 years, 9 months) |
|
Timo Zauner |
Currently: Portfolio Manager, Fixed Income at DFA Australia Limited (6 years, 1 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 | 1.18% | |
| Fossil Fuels | 0.53% | |
| Gambling | 0.00% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 1.67% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.50% |
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 |
|---|
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
-
Dexia Credit Local 0.250000% 12/10/2026
Belgium Int Fixed Interest AA1.42% -
Kommunalbanken As 1.125000% 06/14/2030
Norway Int Fixed Interest AAA1.2% -
Manitoba (Province Of) 2.050000% 06/02/2031
Canada Int Fixed Interest A1.13% -
Bng Bank Nv 1.000000% 06/03/2030
Netherlands Int Fixed Interest AAA1.11% -
European Union 0.200000% 06/04/2036
Belgium Int Fixed Interest AAA1.04% -
Amazon.Com Inc 1.500000% 06/03/2030
United States Int Fixed Interest AA0.98% -
Cash (AUD)
Australia Cash and Equivalents0.95% -
Treasury Corp Victoria 2.250000% 11/20/2034
Australia Int Fixed Interest AA0.93% -
Sncf Reseau 5.250000% 12/07/2028
France Int Fixed Interest AA0.87% -
Neder Waterschapsbank 3.300000% 05/02/2029
Netherlands Int Fixed Interest AAA0.86%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 1.32% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 98.68% |
| 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.