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

    • BHP Group Ltd 0.59% !!
      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
    • Contact Energy Ltd 2.29% 1.5°C
      This company is on a 1.5°C pathway
    • Genesis Energy Ltd 2.14%
    • Channel Infrastructure NZ Lt 0.72%
    • BHP Group Ltd 0.59% !!
      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
    • Woodside Energy Group Ltd 0.36% !!
      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

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 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

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 $3.75M NZD
Period of data report 30th Sept. 2023
Fund started 3rd April 2017
Total annual fund fees 0.96%
Total performance based fees 0.0%
Manager's basic fee 0.56%
Other management and administration charges 0.4%
Total other charges 0.0
Total other charges currency NZD

Josh Wilson

Currently: Chief Investment Officer, Clarity Funds Management Limited (4 years, 6 months)
Previously: Portfolio Manager, NZ Funds (7 years, 10 months)

Alan Lee

Currently: Director, Clarity Funds Management Limited (18 years, 3 months)
Previously: Director, Jarden Morgan Investment Services Limited (4 years, 0 months)

Andrew Kelleher

Currently: Director, Clarity Funds Management Limited (15 years, 5 months)
Previously: Acting Managing Principal, ASB Securities Limited and Investment Consultant, ASB Limited (3 years, 5 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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 -1.56% -1.37%
2022 -0.95% 0.58%
2021 8.70% 11.96%
2020 0.08% -2.84%
2019 4.31% 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 30th Sept. 2023.

Top 10 Investments

  • NZD Cash At Bank
    New Zealand Cash and Equivalents
    8.02%
  • Nzlgfa 4.5% 15/05/2030
    New Zealand NZ Fixed Interest AAA
    5.6%
  • Bzlnz 5.8720% 01/09/2028
    New Zealand NZ Fixed Interest AA-
    3.92%
  • Asbbnk 1.646% 04/05/2026
    New Zealand NZ Fixed Interest AA-
    3.78%
  • Housnz 4.422% 15/10/2027
    New Zealand NZ Fixed Interest AA+
    3.64%
  • Aianz Nfix3Fra + 85 17/04/2026
    New Zealand NZ Fixed Interest A-
    2.76%
  • Tpnz 4.627% 16/09/2027
    New Zealand NZ Fixed Interest AA
    2.65%
  • Nzms First Mortgage Securities Limited
    New Zealand NZ Fixed Interest
    2.56%
  • Mcynz 2.16% 29/09/2026
    New Zealand NZ Fixed Interest BBB+
    2.38%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    2.29%
Type Target Actual
Cash and Cash Equivalents 10.0% 28.35%
New Zealand Fixed Interest 65.0% 48.63%
International Fixed Interest 0.0% 0.0%
Australasian Equities 20.0% 21.52%
International Equities 0.0% 0.0%
Listed Properties 5.0% 1.5%
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 Sept. 2023.