Funds
PIE Fixed Income Fund
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
Animal Cruelty
-
LVMH Moët Hennessy Louis Vuitton Se 2.57%
Animal Welfare Issues
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Fur & Speciality Leather
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
LVMH MOËT HENNESSY LOUIS VUITTON SE Animal Welfare Issues Fur & Speciality Leather
Uses exotic leather and fur products in its luxury ranges such as crocodile, python and ostrich. Brands containing exotic leather include Donna Karan, Louis Vuitton, Fendi, Bvlgari, Céline. In addition it sells cosmetics and fragrances in China where testing on animals is required.
-
Unilever PLC 2.16%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
UNILEVER PLC Animal Testing
Diversified personal-care, homecare, and packaged food company. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
-
LVMH Moët Hennessy Louis Vuitton Se 2.57%
Fossil Fuels
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. 2024 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
In their own words
The Fixed Income Fund's objective is to preserve capital (with some growth) which outperforms the market index over a period exceeding 3 years. The Fund invests predominantly in New Zealand and international fixed interest securities.
| Value | $213M NZD |
| Period of data report | 30th Sept. 2024 |
| Fund started | 5th Dec. 2023 |
| Total annual fund fees | 0.8% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.8% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Michael Taylor |
Currently: Executive Director and Chief Investment Officer (2 years, 6 months) |
|
Travis Murdoch |
Currently: Head of Fixed Income and Portfolio Manager (1 years, 11 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.
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 |
|---|
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. 2024.
Top 10 Investments
-
Transpower New Zealand Ltd 4.977% 29/11/2028
New Zealand Int Fixed Interest AA5.02% -
Jpmorgan Chase & Co 5.336% 23/01/2035
United States Int Fixed Interest A-3.89% -
Westpac New Zealand Ltd 4.337% 24/09/2029
New Zealand NZ Fixed Interest AA-2.73% -
Ibm 3.625% 06/02/2031
United States Int Fixed Interest A-2.61% -
LVMH 3.5% 07/09/2033
France Int Fixed Interest AA-2.57% -
Becton Dickinson & Co 3.519% 08/02/2031
United States Int Fixed Interest BBB2.57% -
Siemens AG 3.125% 22/05/2032
Netherlands Int Fixed Interest AA-2.54% -
Scentre Group 6.721% 10/09/2054
Australia Int Fixed Interest BBB+2.49% -
Mercury NZ Ltd 5.64% 19/06/2028
New Zealand NZ Fixed Interest BBB+2.45% -
Meridian Energy Ltd 5.91% 20/09/2028
New Zealand NZ Fixed Interest BBB+2.39%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 4.72% |
| New Zealand Fixed Interest | 25.0% | 26.08% |
| International Fixed Interest | 75.0% | 69.2% |
| 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.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.