Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including any membership and % management 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
BHP Group Ltd 0.48%
Human Rights & Environmental Violations
BHP Group Ltd 0.48%
Rio Tinto Ltd 0.28%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.
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 |
|---|---|---|
| 2020 | -0.18% | -2.84% |
| 2019 | 4.54% | 4.89% |
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 Tue June 30th 2020.
Showing the top 10 investments for this fund:
-
NZD Cash At Bank
New Zealand Cash and Equivalents6.16% -
Kiwi Property Group 4.06% 12/11/2025
New Zealand NZ Fixed Interest BBB+2.47% -
ANZ Bank New Zealand 3.03% 20/03/2024
New Zealand NZ Fixed Interest AA-2.41% -
Contact Energy Ltd
New Zealand Australasian Equities2.17% -
Kommunalbanken As 4% 20/08/2025
New Zealand NZ Fixed Interest AAA2.17% -
Auckland International Airport 3.51% 10/10/2024
New Zealand NZ Fixed Interest AA-2.02% -
Meridian Energy Limited
New Zealand Australasian Equities1.99% -
BNZ 2.16% 29/01/2025
New Zealand NZ Fixed Interest AA-1.96% -
Westpac New Zealand 2.083% 20/02/2025
New Zealand NZ Fixed Interest AA-1.95% -
New Zealand Local Government 1.5% 15/04/2026
New Zealand NZ Fixed Interest AA+1.92%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 14.5% |
| New Zealand Fixed Interest | 65.0% | 62.52% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 20.0% | 18.01% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 5.0% | 4.96% |
| 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 Tue June 30th 2020.
Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.00%
-
Animal Testing:0.00%
-
Fossil Fuels:0.48%
-
Gambling:0.00%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.75%
-
Palm Oil:0.00%
-
Tobacco:0.00%
-
Weapons:0.00%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.
Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.
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.
In their own words
"The Fund aims to generate income over the medium term by investing in fixed income securities and dividend paying New Zealand and Australian equities primarily investing in managed funds (including other Clarity funds) to achieve a well diversified portfolio of assets. We intend for the Fund to make quarterly income distributions."
| Value | $7.5M NZD |
| Period of data report | Tue June 30th 2020 |
| Members | Not provided |
| Fund started | Mon April 3rd 2017 |
| Total annual fund fees | 0.99% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.59% |
| 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 (15 years, 0 months) |
|
Andrew Kelleher |
Currently: Director JMI Wealth Limited and Clarity Funds Management Limited (12 years, 2 months) |
|
Josh Wilson |
Currently: Chief Investment Officer Clarity Funds Management Limited (1 years, 3 months) |
|
Harry Cunninghame |
Currently: Investment Analyst Clarity Funds Management Limited (0 years, 4 months) |
|
Jason Watson |
Currently: Head of Advice JMI Wealth Limited (3 years, 2 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.
Downloads
Download the fund's disclosure statement and portfolio holdings.
