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

    • Genesis Energy Ltd 0.48%

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 New Zealand bonds, deposits and cash whilst preserving the capital value.

Value $348M NZD
Period of data report 30th Sept. 2023
Fund started 13th July 2009
Total annual fund fees 0.7%
Total performance based fees 0.0%
Manager's basic fee 0.7%
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)

Ian Bellew

Currently: Fixed Income Manager (11 years, 9 months)
Previously: Cash Portfolio Manager -Nikko Asset Management New Zealand Limited (4 years, 9 months)

Matthew Johnson

Currently: Fixed Income Manager (5 years, 0 months)
Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 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% 0.23%
2022 -2.46% -3.76%
2021 2.15% 2.96%
2020 1.75% 2.33%
2019 2.76% 4.36%
2018 1.94% 3.89%
2017 1.52% 1.95%
2016 2.91% 4.39%
2015 5.21% 6.32%
2014 1.36% 1.65%

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

  • NZ Government 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    8.99%
  • Housing NZ 1.534% 10/09/2035
    New Zealand NZ Fixed Interest AAA
    3.71%
  • Chorus Ltd 4.35% 06/12/2028
    New Zealand Cash and Equivalents BBB
    3.24%
  • Insurance Australia Group Ltd 150628 5.32 Cb
    Australia NZ Fixed Interest BBB
    3.2%
  • Housing NZ 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AAA
    2.87%
  • ASB Bank Ltd 040526 1.646 Cb
    New Zealand NZ Fixed Interest AA-
    2.75%
  • Westpac New Zealand Ltd 160932 6.19 Cb
    New Zealand Fund AA-
    2.67%
  • Westpac New Zealand Ltd 140234 6.73 Cb
    New Zealand NZ Fixed Interest AA-
    2.36%
  • Air New Zealand Ltd Sydney Branch 250529 6.50 Cb
    New Zealand NZ Fixed Interest BBB
    2.33%
  • New Zealand Tax Trading Co 260324 Rcd
    New Zealand Cash and Equivalents AAA
    2.27%
Type Target Actual
Cash and Cash Equivalents 0.0% 13.8%
New Zealand Fixed Interest 100.0% 86.2%
International Fixed Interest 0.0% 0.0%
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.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.