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

    • Credit Suisse Group AG 0.81%
    • Glencore Funding Llc 0.12%
    • Credit Suisse New York 0.09%
    • Wells Fargo & Company 0.05%
    • Cargill Inc 0.28%
    • Glencore Funding Llc 0.12%
    • Syngenta Finance Nv 0.08%
    • Energy Transfer Lp 0.06% !!
      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
    • Syngenta Finance Nv 0.08%
    • Intl Flavor & Fragrances 0.06%
    • Sasol Financing Usa Llc 0.06% !!
      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
    • Dupont De Nemours Inc 0.05%
    • Electricite De France SA 0.32%
    • Enterprise Products Oper 0.22% !!
      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
    • Glencore Cap Fin Dac 0.18%
    • National Grid PLC 0.17% !!
      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
    • Enel Spa 0.16% 1.5°C
      This company is on a 1.5°C pathway
    • Galaxy Pipeline Assets 0.15%
    • Qatar Energy 0.13% !!
      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
    • Glencore Funding Llc 0.12%
    • Occidental Petroleum Cor 0.12% !!
      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
    • E.On Intl Finance Bv 0.11%
    • Totalenergies Se 0.09% !!
      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
    • Wintershall Dea Finance 0.09% !!
      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
    • Abu Dhabi Crude Oil 0.07% !!
      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
    • Energy Transfer Lp 0.06% !!
      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
    • Sasol Financing Usa Llc 0.06% !!
      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
    • Enbridge Inc 0.05% !!
      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
    • Sempra Energy 0.04% !!
      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
    • Ameren Corp 0.02%
    • Devon Energy Corporation 0.02% !!
      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 provide investors with regular income by constructing an actively managed investment portfolio of investments with the potential for capital gain from global fixed interest markets.

Value $140M NZD
Period of data report 30th Sept. 2023
Fund started 13th Dec. 2013
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

Stuart Williams

Currently: Managing Director and Member of Investment Committee (0 years, 6 months)
Previously: Head of Equities – Nikko Asset Management New Zealand Limited (8 years, 7 months)

Fergus Mcdonald

Currently: Head of Bonds & Currency and Member of Investment Committee (23 years, 3 months)
Previously: NZ Fixed Interest Portfolio Manager - Nikko Asset Management New Zealand Limited (10 years, 5 months)

Michael Sherrock

Currently: Head of Equities and Member of Investment Committee (0 years, 6 months)
Previously: Portfolio Manager - Nikko Asset Management New Zealand Limited (8 years, 5 months)

Sam Bryden

Currently: Head of Distribuiton (0 years, 6 months)
Previously: Senior Relationship Manager - Nikko Asset Management New Zealand Limited (4 years, 5 months)

James Rogers

Currently: Chief Operating Officer (6 years, 6 months)
Previously: Senior Project Manager -Nikko Asset Management New Zealand Limited (0 years, 4 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 -0.79% -4.02%
2022 -2.46% -3.39%
2021 2.15% 3.67%
2020 1.75% 3.1%
2019 2.76% 3.37%
2018 1.94% 1.45%
2017 1.52% 1.92%
2016 2.91% 3.47%
2015 5.21% 5.92%

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 30th Sept. 2023.

Top 10 Investments

  • Japan Government 161023 0.00 Gb
    Japan Cash and Equivalents A+
    8.09%
  • Japan Government 041223 0.00 Gb
    Japan Cash and Equivalents A+
    6.68%
  • Federal National Mortgage Association 151043 0.00 Tba
    United States Int Fixed Interest AAA
    5.02%
  • USD BNP Paribas A/C
    United States Cash and Equivalents A-1
    3.76%
  • France Republic Of Government 111023 0.00 Gb
    France Cash and Equivalents AA
    2.47%
  • Government National Mort Assoc 151046 0.00 Tba
    United States Int Fixed Interest AAA
    2.44%
  • Japan Government 200630 0.10 Gb
    Japan Int Fixed Interest A+
    2.12%
  • Japan Government 010125 0.005 Gb
    Japan Int Fixed Interest A+
    1.96%
  • Japan Government 200931 0.10 Gb
    Japan Int Fixed Interest A+
    1.78%
  • Japan Government 010724 0.005 Gb
    Japan Cash and Equivalents A+
    1.74%
Type Target Actual
Cash and Cash Equivalents 0.0% 15.03%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 85.13%
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% -0.16%
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.