Clarity Global Shares Fund

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Fund type: Aggressive fund

Past Returns: 12.96%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.06%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

Arcelormittal 0.54%
China Petroleum & Chemical - H 1.24%
China Shenhua Energy Co-H 0.26%
Glencore PLC 1.32%
Pembina Pipeline Corp 0.44%
Reliance Industries Ltd 0.01%
Suncor Energy Inc 0.74%
Vale SA 0.26%
Valero Energy Corp 0.76%

Weapons

Gambling

International Game Technology PLC 0.25%

Alcohol

Diageo PLC 0.01%
Kirin Holdings Co Ltd 0.19%
LVMH 0.01%
LVMH Moet Hennessy Louis Vui 1.11%

Human Rights & Environmental Violations

Bayer AG-Reg 1.36%
Chemours Co 0.61%
China Petroleum & Chemical - H 1.24%
Glencore PLC 1.32%
Johnson & Johnson 0.48%
Nestle SA 0.03%
Nestle SA-Reg 1.31%
Rio Tinto PLC 1.03%
Vale SA 0.26%

Animal Testing

Archer-Daniels-Midland Co 0.75%
Bayer AG-Reg 1.36%
Chemours Co 0.61%
Johnson & Johnson 0.48%
Kao Corporation 0.37%
Kimberly-Clark Corp 0.24%
Kirin Holdings Co Ltd 0.19%
LVMH 0.01%
LVMH Moet Hennessy Louis Vui 1.11%
Linde PLC 0.19%
Nestle SA 0.03%
Nestle SA-Reg 1.31%
Pepsico Inc 0.69%
Reliance Industries Ltd 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 Thu March 31st 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.

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.

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
2022 3.19% 8.22%
2021 36.07% 36.39%
2020 -7.33% -5.73%
2019 10.16% 3.01%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Microsoft Corporation
    United States International Equities
    4.55%
  • Alphabet Inc Class A
    United States International Equities
    3.81%
  • Apple Inc
    United States International Equities
    3.06%
  • Mckesson Corp
    United States International Equities
    1.63%
  • Amazon.Com Inc
    United States International Equities
    1.57%
  • Ubs Group AG
    Switzerland International Equities
    1.53%
  • Roche Holding AG-Genusschein
    Switzerland International Equities
    1.5%
  • Merck & Co Inc
    United States International Equities
    1.49%
  • Schneider Electric Se
    France International Equities
    1.48%
  • Metlife Inc
    United States Cash and Equivalents
    1.38%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 2.0% 3.11%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.77%
International Equities 98.0% 96.12%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

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).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.34%
  • Animal Testing:
    7.47%
  • Fossil Fuels:
    5.64%
  • Gambling:
    0.25%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    7.66%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    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 Thu March 31st 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

In their own words

"The Fund will provide actively managed exposure to international equities, and aims to generate a better return than the benchmark over the medium to long term. We use a global investment manager for this Fund, being MFS. MFS use a mix of fundamental and quantitative analysis to select companies."

Value $170M NZD
Period of data report Thu March 31st 2022
Fund started Mon April 3rd 2017
Total annual fund fees 1.06%
Total performance based fees 0.0%
Manager's basic fee 0.66%
Other management and administration charges 0.4%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Alan Lee

Currently: Director, JMI Wealth Limited and Clarity Funds Management Limited (16 years, 9 months)
Previously: Director, Jarden Morgan Investment Services Limited (4 years, 0 months)

Andrew Kelleher

Currently: Director, JMI Wealth Limited and Clarity Funds Management Limited (13 years, 11 months)
Previously: Acting Managing Principal, ASB Securities Limited and Investment Consultant, ASB Limited (3 years, 5 months)

Josh Wilson

Currently: Chief Investment Officer, Clarity Funds Management Limited (3 years, 0 months)
Previously: Portfolio Manager, NZ Funds (7 years, 10 months)

Harry Cunninghame

Currently: Investment Analyst, Clarity Funds Management Limited (2 years, 1 months)
Previously: Investment Performance and Risk Analyst, Milford Asset Management (1 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.