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

    • Credit Suisse Group AG 0.27%
    • Wells Fargo & Company 0.20%
    • Nestle Finance Intl Ltd 0.11%
    • Thermo Fisher Scientific 0.11%
    • Bayer AG-Reg 0.09%
    • Archer-Daniels-Midland C 0.08%
    • Mexico Generadora De Ene 0.08%
    • Nutrien Ltd 0.08%
    • Bayer US Finance Ii Llc 0.04%
    • Exxon Mobil Corporation 0.18% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Intl Flavor & Fragrances 0.10%
    • Unilever Finance 0.10%
    • Bayer AG-Reg 0.09%
    • Tyson Foods Inc 0.09%
    • 3M Company 0.08%
    • Nutrien Ltd 0.08%
    • Procter & Gamble Co/The 0.08%
    • Unilever PLC 0.08%
    • LVMH Moet Hennessy Vuitt 0.07%
    • Orbia Advance Corp Sab 0.06%
    • Reliance Industries Ltd 0.06% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Bayer US Finance Ii Llc 0.04%
    • Koninkijke Ahold Dlhaize 0.03%
    • Rentokil Initial Financ 0.02%
    • Walmart Inc 0.09%
    • Exxon Mobil Corporation 0.18% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Vier Gas Transport Gmbh 0.13%
    • E.On Intl Finance Bv 0.10%
    • Enbridge Gas Inc 0.10% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Mitsubishi Corp 0.10% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enbridge Inc 0.09% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enbridge Pipelines Inc 0.09% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Infraestructura Energeti 0.09%
    • Enel Finance Intl Nv 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Energias De Portugal SA 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Fairfax Finl Hldgs Ltd 0.08%
    • Terega SA 0.08%
    • Western Midstream Operat 0.08%
    • Arcelormittal 0.07%
    • Cheniere Corp Christi Hd 0.07% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Continental Resources 0.07% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enbridge Energy Partners 0.07% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Neste Oyj 0.07%
    • Terega Sasu 0.07%
    • Berkshire Hathaway Energ 0.06%
    • Mplx Lp 0.06%
    • Reliance Industries Ltd 0.06% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Coterra Energy Inc 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Dcp Midstream Operating 0.05%
    • Ecopetrol SA 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Engie SA 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enterprise Products Oper 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Eqt Corp 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Fortum Oyj 0.04%
    • Williams Companies Inc 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Nrg Energy Inc 0.03%
    • Pioneer Natural Resource 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Devon Energy Corporation 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Targa Resources Corp 0.02%
    • Halliburton Co 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 31st March 2023 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

Provides investors with exposure to international fixed interest securities, actively managed using a multi-manager approach, with a blend of managers to provide access to leading global specialists. Targets a position of being fully hedged back to the New Zealand dollar.

Value $490M NZD
Period of data report 30th June 2023
Fund started 21st Dec. 2011
Total annual fund fees 0.58%
Total performance based fees 0.0%
Manager's basic fee 0.53%
Other management and administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Gerard Fitzpatrick

Currently: Senior Portfolio Manager, Head of Fixed Income, Russell Investments (4 years, 4 months)
Previously: Chief Investment Officer, Fixed Income, Russell Investments (6 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.

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
2023 -0.79% -3.73%
2022 -2.46% -3.12%
2021 2.15% 3.51%
2020 1.75% 3.17%
2019 2.76% 2.16%
2018 1.94% 2.66%
2017 1.52% 2.68%
2016 2.91% 2.52%
2015 5.21% 8.22%
2014 1.36% 1.96%

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 2023.

Top 10 Investments

  • New Zealand Dollar Cash
    New Zealand Cash and Equivalents
    6.07%
  • Japan 5 Year Government Bond 0.1 20/09/2023
    Japan Int Fixed Interest A
    4.76%
  • US Dollar Cash
    United States Cash and Equivalents
    4.75%
  • US Treasury Notes/Bills 5.18 30/04/2025
    United States Int Fixed Interest AAA
    1.36%
  • Japan 10 Year Government Bond 0.1 20/03/2027
    Japan Int Fixed Interest A
    1.3%
  • Bundesobligation 2.2 13/04/2028
    Germany Int Fixed Interest AAA
    1.12%
  • Japan 30 Year Government Bond 1.5 20/03/2045
    Japan Int Fixed Interest A
    1.08%
  • European Union Bill 0 10/11/2023
    Luxembourg Int Fixed Interest AAA
    1.0%
  • US Treasury Notes/Bills 1.125 15/05/2040
    United States Int Fixed Interest AAA
    1.0%
  • US Treasury Notes/Bills 1.5 15/08/2026
    United States Int Fixed Interest AAA
    0.98%
Type Target Actual
Cash and Cash Equivalents 0.0% 13.23%
New Zealand Fixed Interest 0.0% 0.17%
International Fixed Interest 100.0% 87.39%
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.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.