Fund type: Defensive fund
Past Returns: *3.92%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.
Wells Fargo is a multinational financial services company which serves millions of customers in 35 countries. They have been involved in significant business ethics scandals for false inflation, cross selling and misleading customers over a period of 2002 to 2016.
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).
Fund type: Defensive fund
Past Returns: *3.92%The fund offers an actively managed fixed-income strategy focused on mispricings in government and corporate bond markets with an interest rate duration risk broadly similar to that of the Index. The fund currently invests in an underlying fund managed by Coolabah Capital Investments (Retail) Pty Limited (Investment Manager) and targets a position of being fully hedged back to New Zealand dollars.
| Value | $44.9M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 6th Dec. 2023 |
| Total annual fund fees | 0.63% |
| Total performance based fees | 0.23% |
| Manager's basic fee | 0.4% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Christopher Joye |
Currently: Chief Investment Officer & Portfolio Manager (13 years, 7 months)
|
|
Ashley Kabel |
Currently: Portfolio Manager & Quant Analyst (8 years, 0 months)
|
|
Roger Douglas |
Currently: Senior Portfolio Manager (2 years, 4 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% | 3.92% |
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.
Nab 0 10/18/27 Mtn
Australia Int Fixed Interest AA-
Wstp 0 09/19/29 Mtn
Australia Int Fixed Interest AA-
(Cash) AUD
Australia Cash and Equivalents AAA
Wstp 0 05/14/29 Mtn
Australia Int Fixed Interest AA-
Nab 0 03/22/29 Mtn
Australia Int Fixed Interest AA-
Nab 0 11/25/27 Mtn
Australia Int Fixed Interest AA-
Wstp 0 01/15/29 Mtn
Australia Int Fixed Interest AA-
Nab 0 11/16/28 Mtn
Australia Int Fixed Interest AA-
Wstp 0 09/19/28 Mtn
Australia Int Fixed Interest AA-
Nab 6.163 03/09/33 Mtn
Australia Int Fixed Interest A-
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 9.95% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 90.0% | 89.91% |
| 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% | 0.15% |
| 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.
Wells Fargo is a multinational financial services company which serves millions of customers in 35 countries. They have been involved in significant business ethics scandals for false inflation, cross selling and misleading customers over a period of 2002 to 2016.
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).
Fund type: Defensive fund
Past Returns: *3.92%The fund offers an actively managed fixed-income strategy focused on mispricings in government and corporate bond markets with an interest rate duration risk broadly similar to that of the Index. The fund currently invests in an underlying fund managed by Coolabah Capital Investments (Retail) Pty Limited (Investment Manager) and targets a position of being fully hedged back to New Zealand dollars.
| Value | $44.9M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 6th Dec. 2023 |
| Total annual fund fees | 0.63% |
| Total performance based fees | 0.23% |
| Manager's basic fee | 0.4% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Christopher Joye |
Currently: Chief Investment Officer & Portfolio Manager (13 years, 7 months)
|
|
Ashley Kabel |
Currently: Portfolio Manager & Quant Analyst (8 years, 0 months)
|
|
Roger Douglas |
Currently: Senior Portfolio Manager (2 years, 4 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% | 3.92% |
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.
Nab 0 10/18/27 Mtn
Australia Int Fixed Interest AA-
Wstp 0 09/19/29 Mtn
Australia Int Fixed Interest AA-
(Cash) AUD
Australia Cash and Equivalents AAA
Wstp 0 05/14/29 Mtn
Australia Int Fixed Interest AA-
Nab 0 03/22/29 Mtn
Australia Int Fixed Interest AA-
Nab 0 11/25/27 Mtn
Australia Int Fixed Interest AA-
Wstp 0 01/15/29 Mtn
Australia Int Fixed Interest AA-
Nab 0 11/16/28 Mtn
Australia Int Fixed Interest AA-
Wstp 0 09/19/28 Mtn
Australia Int Fixed Interest AA-
Nab 6.163 03/09/33 Mtn
Australia Int Fixed Interest A-
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 9.95% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 90.0% | 89.91% |
| 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% | 0.15% |
| 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.
