Pathfinder Green Bond Fund

From the Fund Provider

• About this fund

  About this Fund

  Fund type: Defensive fund

  Past Returns: *1.38%

  Average returns since the fund began, after fees and taxes. This fund does not yet have 3 years of data.

  
  Annual Fees: 0.58%

  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.
  
  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	$87.0M NZD
  Period of data report	31st Dec. 2024
  Fund started	27th Jan. 2023
  Total annual fund fees	0.58%
  Total performance based fees	0.0%
  Manager's basic fee	0.19%
  Other management and administration charges	0.39%
  Total other charges	0.0
  Total other charges currency	NZD

  Key Personnel

  John Berry	Currently: CEO (15 years, 9 months) Previously: Deutsche Bank - Consultant (5 years, 0 months)
  Wayne Ross	Currently: CIO (0 years, 11 months) Previously: Newton Ross - Founder and Director (20 years, 0 months)
  Kent Fraser	Currently: Chair of Investment Committee (8 years, 3 months) Previously: (None years, None months)

  This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.

  • Product Disclosure Statement v
  • Statement of Investment Policy & Objectives v
  • Ethical Investment Policy v
  • Portfolio Holdings v

• 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
  2024	3.59%	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 31st Dec. 2024.

• Investments

  Top 10 Investments

  • European Investment Bank 14/02/2033

    Luxembourg Int Fixed Interest AAA

    5.68%

  • Cash At Bank NZD - Westpac

    New Zealand Cash and Equivalents AA-

    4.46%

  • Kfw Development Bank 28/02/2034

    United States Int Fixed Interest AAA

    4.19%

  • International Bank For Recon and Development 13/01/2031

    China Int Fixed Interest AAA

    3.22%

  • United Kingdom Of Great Brittain and Northern Ireland 31/07/33

    United Kingdom Int Fixed Interest AA

    3.15%

  • Asian Development Bank 12/01/2034

    Philippines Int Fixed Interest AAA

    2.68%

  • Jpn Housing Fin Agency 19/12/2034

    Japan Int Fixed Interest AAA

    2.61%

  • Nederlandse Waterschapsbank N.V. 28/05/2030

    Netherlands Int Fixed Interest AAA

    2.46%

  • Kfw Development Bank 09/14/2029

    United States Int Fixed Interest AAA

    2.39%

  • Kingdom Of The Netherlands 15/01/2040

    Bulgaria Int Fixed Interest AA

    2.03%

  Type	Target	Actual
  Cash and Cash Equivalents	0.0%	4.64%
  New Zealand Fixed Interest	0.0%	0.0%
  International Fixed Interest	100.0%	95.36%
  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 31st Dec. 2024.