Funds

This is a Mindful fund Pathfinder Green Bond Fund

Fund type: Defensive fund

Past Returns: *3.79%
Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
Annual Fees: 0.62%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

Companies of Concern

This fund has no investments in issues of concern.

From the Fund Provider

  • About this fund

    About this Fund

    Fund type: Defensive fund

    Past Returns: *3.79%
    Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
    Annual Fees: 0.62%
    Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

    In their own words

    The Fund invests in fixed income securities that are classified as “Green Bonds”. The Fund’s investments are managed by MetLife Investment Management Limited.

    Pathfinder is a boutique fund manager based in Auckland. We started investing ethically in 2010, and now manage 9 funds, with our research and expertise focused on investing responsibly and ethically in global markets. We seek out companies actively making a positive difference and believe these kinds of companies also make better long-term financial investments. Investing ethically to us means making conscious choices for doing good with the money we manage. We want our investors to both do good and do well.

    Value $136M NZD
    Period of data report 30th Sept. 2025
    Fund started 27th Jan. 2023
    Total annual fund fees 0.62%
    Total performance based fees 0.0%
    Manager's basic fee 0.19%
    Other management and administration charges 0.43%
    Total other charges 0.0
    Total other charges currency NZD

    Key Personnel

    John Berry

    Currently: CEO (16 years, 6 months)
    Previously: Deutsche Bank - Consultant (5 years, 0 months)

    David Lewis

    Currently: CIO (0 years, 5 months)
    Previously: Milford Asset Management Limited (8 years, 5 months)

    Kent Fraser

    Currently: Chair of Investment Committee (9 years, 0 months)
    Previously: (None years, None months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

  • Past Returns

    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
    2025 3.87% 2.34%
    2024 3.43% 2.29%

    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. 2025.

  • Investments

    Top 10 Investments

    • European Investment Bank 14/02/2033

      Luxembourg Int Fixed Interest AAA

      6.54%

    • Inter-American Development Bank 08/07/2042

      United States Int Fixed Interest AAA

      3.43%

    • European Investment Bank 10/10/2031

      Luxembourg Int Fixed Interest AAA

      3.22%

    • Inter-American Development Bank 24/01/2044

      United States Int Fixed Interest AAA

      2.82%

    • Kfw Development Bank 28/02/2034

      Georgia Int Fixed Interest AAA

      2.72%

    • Freddie MAC Pool 01/02/2054

      United States Int Fixed Interest

      2.51%

    • Freddie MAC Pool 01/05/2054

      United States Int Fixed Interest

      2.44%

    • The Export-Import Bank Of Korea 28/11/2029

      Korea, Republic of Int Fixed Interest AA

      2.32%

    • International Bank For Reconstruction and Development 26/07/2034

      United States Int Fixed Interest AAA

      2.31%

    • The Export-Import Bank Of Korea 17/06/2028

      Korea, Republic of Int Fixed Interest AA

      1.75%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 2.88%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 100.0% 97.12%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025 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.

Issues of Concern

  • 0.0% Environmental Harm
  • 0.0% Fossil Fuels
  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Weapons

Companies of Concern

This fund has no investments in issues of concern.

About this Fund

Fund type: Defensive fund

Past Returns: *3.79%
Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
Annual Fees: 0.62%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

The Fund invests in fixed income securities that are classified as “Green Bonds”. The Fund’s investments are managed by MetLife Investment Management Limited.

Pathfinder is a boutique fund manager based in Auckland. We started investing ethically in 2010, and now manage 9 funds, with our research and expertise focused on investing responsibly and ethically in global markets. We seek out companies actively making a positive difference and believe these kinds of companies also make better long-term financial investments. Investing ethically to us means making conscious choices for doing good with the money we manage. We want our investors to both do good and do well.

Value $136M NZD
Period of data report 30th Sept. 2025
Fund started 27th Jan. 2023
Total annual fund fees 0.62%
Total performance based fees 0.0%
Manager's basic fee 0.19%
Other management and administration charges 0.43%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

John Berry

Currently: CEO (16 years, 6 months)
Previously: Deutsche Bank - Consultant (5 years, 0 months)

David Lewis

Currently: CIO (0 years, 5 months)
Previously: Milford Asset Management Limited (8 years, 5 months)

Kent Fraser

Currently: Chair of Investment Committee (9 years, 0 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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
2025 3.87% 2.34%
2024 3.43% 2.29%

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. 2025.

Top 10 Investments

  • European Investment Bank 14/02/2033

    Luxembourg Int Fixed Interest AAA

    6.54%

  • Inter-American Development Bank 08/07/2042

    United States Int Fixed Interest AAA

    3.43%

  • European Investment Bank 10/10/2031

    Luxembourg Int Fixed Interest AAA

    3.22%

  • Inter-American Development Bank 24/01/2044

    United States Int Fixed Interest AAA

    2.82%

  • Kfw Development Bank 28/02/2034

    Georgia Int Fixed Interest AAA

    2.72%

  • Freddie MAC Pool 01/02/2054

    United States Int Fixed Interest

    2.51%

  • Freddie MAC Pool 01/05/2054

    United States Int Fixed Interest

    2.44%

  • The Export-Import Bank Of Korea 28/11/2029

    Korea, Republic of Int Fixed Interest AA

    2.32%

  • International Bank For Reconstruction and Development 26/07/2034

    United States Int Fixed Interest AAA

    2.31%

  • The Export-Import Bank Of Korea 17/06/2028

    Korea, Republic of Int Fixed Interest AA

    1.75%
Type Target Actual
Cash and Cash Equivalents 0.0% 2.88%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 97.12%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025 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.