Fund type: Defensive fund
Past Returns: *3.74%Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed defensive funds is 1.99%.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
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.
BP, headquartered in the UK, is an integrated oil and gas company that explores for, produces, and refines oil around the world. The company has as reportable segments: gas & low carbon energy, oil production & operations, customers & products, and Rosneft. Additionally, BP plc owns and operates crude oil and natural gas pipelines, processing facilities and NGLs extraction business. Evidence shows the company is far from being on a climate change pathway aligned with 1.5°C of global temperature rise, as the company’s planned short-term expansion overshoots the IEA Net-Zero Emissions Scenario by 34.7%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
Fund type: Defensive fund
Past Returns: *3.74%The fund provides exposure to an actively managed, diversified portfolio which invests in global credit markets. Foreign currency exposure is fully hedged to New Zealand dollars.
| Value | $129M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 11th April 2023 |
| Total annual fund fees | 0.83% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.83% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Richard Quin |
Currently: CIO and Principal (14 years, 11 months)
|
|
Nik Persic |
Currently: Deputy CIO and Principal (14 years, 11 months)
|
|
Mark Fabry |
Currently: Senior Analyst and Principal (14 years, 11 months)
|
|
Linden Smith |
Currently: Senior Analyst (8 years, 2 months)
|
|
Calvin Niu |
Currently: Portfolio Analyst (13 years, 8 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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% | 3.74% |
| 2024 | 3.43% | 6.29% |
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 March 2025.
Cash
Australia Cash and Equivalents
Derivatives (Fx/Ir Hedges, Credit Derivatives)
New Zealand Other
Queensland Treasury Corp 5.00% 21/07/2037 Govt Gg
Australia Int Fixed Interest AA
Australia Government Bond 4.25% 21/03/2036 Govt Se
Australia Int Fixed Interest AAA
New Zealand Government Bon 4.25% 15/05/2036 Govt U
New Zealand Int Fixed Interest AAA
Treasury Corp Of Victoria 5.50% 15/09/2039 Govt Gg
Australia Int Fixed Interest AA
New South Wales Treasury C 5.25% 24/02/2038 Govt G
Australia Int Fixed Interest AA
Psp Capital Inc 5.25% 27/02/2035 Govt Coy Guar
Canada Int Fixed Interest AAA
Province Of British Columb 4.95% 16/07/2032 Govt U
Canada Int Fixed Interest AA
Province Of Manitoba Canad 4.85% 28/08/2034 Govt S
Canada Int Fixed Interest A
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 20.83% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 74.47% |
| 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% | 4.7% |
| Commodities | 0.0% | 0.0% |
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 March 2025.
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 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.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
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.
BP, headquartered in the UK, is an integrated oil and gas company that explores for, produces, and refines oil around the world. The company has as reportable segments: gas & low carbon energy, oil production & operations, customers & products, and Rosneft. Additionally, BP plc owns and operates crude oil and natural gas pipelines, processing facilities and NGLs extraction business. Evidence shows the company is far from being on a climate change pathway aligned with 1.5°C of global temperature rise, as the company’s planned short-term expansion overshoots the IEA Net-Zero Emissions Scenario by 34.7%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
Where the actions of companies have violated global standards on labour rights and freedoms; including poor treatment of workers, child and forced labour, and modern slavery.
Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.
Fund type: Defensive fund
Past Returns: *3.74%The fund provides exposure to an actively managed, diversified portfolio which invests in global credit markets. Foreign currency exposure is fully hedged to New Zealand dollars.
| Value | $129M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 11th April 2023 |
| Total annual fund fees | 0.83% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.83% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Richard Quin |
Currently: CIO and Principal (14 years, 11 months)
|
|
Nik Persic |
Currently: Deputy CIO and Principal (14 years, 11 months)
|
|
Mark Fabry |
Currently: Senior Analyst and Principal (14 years, 11 months)
|
|
Linden Smith |
Currently: Senior Analyst (8 years, 2 months)
|
|
Calvin Niu |
Currently: Portfolio Analyst (13 years, 8 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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% | 3.74% |
| 2024 | 3.43% | 6.29% |
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 March 2025.
Cash
Australia Cash and Equivalents
Derivatives (Fx/Ir Hedges, Credit Derivatives)
New Zealand Other
Queensland Treasury Corp 5.00% 21/07/2037 Govt Gg
Australia Int Fixed Interest AA
Australia Government Bond 4.25% 21/03/2036 Govt Se
Australia Int Fixed Interest AAA
New Zealand Government Bon 4.25% 15/05/2036 Govt U
New Zealand Int Fixed Interest AAA
Treasury Corp Of Victoria 5.50% 15/09/2039 Govt Gg
Australia Int Fixed Interest AA
New South Wales Treasury C 5.25% 24/02/2038 Govt G
Australia Int Fixed Interest AA
Psp Capital Inc 5.25% 27/02/2035 Govt Coy Guar
Canada Int Fixed Interest AAA
Province Of British Columb 4.95% 16/07/2032 Govt U
Canada Int Fixed Interest AA
Province Of Manitoba Canad 4.85% 28/08/2034 Govt S
Canada Int Fixed Interest A
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 20.83% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 74.47% |
| 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% | 4.7% |
| Commodities | 0.0% | 0.0% |
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 March 2025.
