Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including management and administration fees, but not membership 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
Apt Pipelines Ltd 150730 2.00 Cb 0.04%
BP Capital Markets America Inc 060224 3.79 Cb 0.09%
BP Capital Markets PLC 100224 3.814 Cb 0.02%
BP Capital Markets PLC 220326 3.25 Cb 0.04%
BP Capital Markets PLC 220329 3.625 Cb 0.05%
Devon Energy Corp 150542 4.75 Cb 0.02%
Devon Energy Corp 151225 5.85 Cb 0.02%
Energy Transfer Operating Lp 150429 5.25 Cb 0.04%
Energy Transfer Operating Lp 150550 5.00 Cb 0.07%
Gaz Capital SA 160837 7.288 Cb 0.07%
Gaz Finance PLC 250230 3.25 Cb 0.10%
Glencore Funding Llc 120329 4.875 Cb 0.16%
Glencore Funding Llc 290424 4.625 Cb 0.19%
Glencore Funding Llc 300523 4.125 Cb 0.15%
Kinder Morgan Inc 0.01%
Lukoil Securities Bv 060530 3.875 Cb 0.07%
Marathon Petroleum Corp 010428 3.8 Cb 0.08%
Mplx Lp 150249 5.50 Cb 0.02%
Mplx Lp 150438 4.50 Cb 0.04%
Occidental Petroleum Corp 150326 5.55 Cb 0.04%
Occidental Petroleum Corp 150936 6.45 Cb 0.02%
Origin Energy Finance Ltd 170929 1.00 Cb 0.06%
Phillips 66 090425 3.85 Cb 0.04%
Phillips 66 150226 1.30 Cb 0.03%
Pioneer Natural Resources Co 150126 1.125 Cb 0.03%
Sasol Financing Usa Llc 270324 5.875 Cb 0.07%
Suncor Energy Inc 011224 3.6 Cb 0.17%
Suncor Energy Inc 150525 3.10 Cb 0.09%
Sunoco Logistics Partners Operations Lp 010444 5.30 Cb 0.02%
Sunoco Logistics Partners Operations Lp 011027 4.00 Cb 0.04%
Wintershall Dea Finance Bv 250925 0.84 Cb 0.04%
Wintershall Dea Finance Bv 250928 1.332 Cb 0.13%
Weapons
Airbus Se 070428 2.00 Cb 0.15%
Airbus Se 070432 2.375 Cb 0.17%
Teledyne Technologies Inc 010424 0.95 Cb 0.20%
Alcohol
Anheuser Busch Companies Llc 010246 4.90 Cb 0.08%
Anheuser Busch Inbev Nv 020440 3.70 Cb 0.08%
Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.12%
Anheuser Busch Inbev Worldwide Inc 230125 4.15 Cb 0.06%
Anheuser Busch Inbev Worldwide Inc 230129 4.75 Cb 0.11%
Bacardi Ltd 150528 4.70 Cb 0.12%
Constellation Brands Inc 010530 2.875 Cb 0.16%
Constellation Brands Inc 061226 3.70 Cb 0.08%
Constellation Brands Inc 150223 3.2 Cd 0.15%
Diageo Capital PLC 290430 2.00 Cb 0.20%
Human Rights & Environmental Violations
Bayer AG 060130 1.125 Cb 0.04%
Bayer AG 060732 1.375 Cb 0.04%
Bayer AG 120129 0.375 Cb 0.16%
Glencore Funding Llc 120329 4.875 Cb 0.16%
Glencore Funding Llc 290424 4.625 Cb 0.19%
Glencore Funding Llc 300523 4.125 Cb 0.15%
Sempra Energy 010228 3.40 Cb 0.06%
Animal Testing
Bayer AG 060130 1.125 Cb 0.040%
Bayer AG 060732 1.375 Cb 0.040%
Bayer AG 120129 0.375 Cb 0.160%
Dowdupont Inc 151125 4.493 Cb 0.060%
Dowdupont Inc 151128 4.725 Cb 0.210%
Keurig Dr Pepper Inc 010530 3.20 Cb 0.020%
Keurig Dr Pepper Inc 150926 2.55 Cb 0.180%
Keurig Dr Pepper Inc 250548 5.085 Cb 0.010%
Mondelez International Inc 130430 2.75 Cb 0.140%
Sasol Financing Usa Llc 270324 5.875 Cb 0.070%
Syngenta Finance AG 240423 4.441 Cb 0.110%
Syngenta Finance Nv 240425 4.892 Cb 0.090%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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.
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.
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 |
|---|---|---|
| 2021 | 1.23% | 3.67% |
| 2020 | 0.88% | 3.1% |
| 2019 | 2.43% | 3.37% |
| 2018 | 1.98% | 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 Wed March 31st 2021.
Showing the top 10 investments for this fund:
-
Japan Government 010323 0.10
Japan Int Fixed Interest A+6.5% -
Japan Government 070621
Japan Cash and Equivalents A+3.99% -
Government National Mortgage Assoc. 200551
Japan Int Fixed Interest AA+3.83% -
Germany Federal Republic 151222
Germany Int Fixed Interest AAA2.39% -
Spain Government 311021 0.05
Spain Cash and Equivalents A2.28% -
Government National Mortgage Assoc. 150446
United States Int Fixed Interest AA+2.14% -
Federal National Mortgage Association 150543
United States Int Fixed Interest AA+2.12% -
Japan Government 200324 0.60
Japan Int Fixed Interest A+1.64% -
Italy Republic 011122 5.50
Italy Int Fixed Interest BBB1.62% -
Germany Federal Republic 150830
Germany Int Fixed Interest AAA1.56%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | -1.83% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 101.83% |
| 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% |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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:1.17%
-
Animal Testing:1.23%
-
Fossil Fuels:2.11%
-
Gambling:0.00%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.80%
-
Palm Oil:0.00%
-
Tobacco:0.00%
-
Weapons:0.52%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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.
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.
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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.
In their own words
"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 | $60M NZD |
| Period of data report | Wed March 31st 2021 |
| Fund started | Fri Dec. 13th 2013 |
| Total annual fund fees | 0.85% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.66% |
| Other management and administration charges | 0.19% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Fergus Mcdonald |
Currently: Head of Bonds and Currency - Nikko Asset Management (20 years, 9 months) |
|
George Carter |
Currently: Managing Director - Nikko Asset Management (5 years, 5 months) |
|
Stuart Williams |
Currently: Head of Equities and Member of Investment Committee (6 years, 8 months) |
|
James Wesley |
Currently: Head of Distribution and Member of Investment Committee (7 years, 4 months) |
|
James Rogers |
Currently: Chief Operating Officer and Member of Investment Committee (4 years, 0 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.
Downloads
Download the fund's disclosure statement and portfolio holdings.
