Accordia A200

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Fund type: Conservative fund

Past Returns: 3.58%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.51%

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

BHP Group Ltd 0.36%
Contact 0.11%
Woodside Energy Group Ltd 0.09%
Constellation Energy 0.05%
Glencore PLC 0.05%
Santos Ltd 0.05%
Anglo American PLC 0.03%
Apa Group Units 0.02%
Origin Energy Ltd 0.02%
South32 Ltd 0.02%
Wec Energy Group Inc 0.02%
Shell PLC 0.01%
Valero Energy Corp 0.01%
Xcel Energy Inc 0.01%

Weapons

Walmart Inc 0.05%

Tobacco

Gambling

Skycity 0.07%
Aristocrat Leisure 0.05%
Aristocrat Leisure Ltd 0.03%

Alcohol

Diageo PLC 0.03%
Endeavour Group Ltd 0.01%
Treasury Wine Estates Ltd 0.01%

GMOs

Human Rights & Environmental Violations

BHP Group Ltd 0.36%
Wells Fargo & Company 0.11%
Rio Tinto Limited 0.08%
Meta Platforms Inc-Class A 0.07%
Rio Tinto Ltd 0.07%
Rio Tinto PLC 0.06%
Johnson & Johnson 0.06%
Glencore PLC 0.05%
Johnson & Johnson Com US$1 0.05%
Freeport Mcmoran Inc 0.04%
Thermo Fisher Scientific Inc 0.03%
Activision Blizzard Inc 0.02%
Caterpillar Inc 0.01%
Posco 0.01%
Shell PLC 0.01%

Animal Testing

Pepsico Inc 0.04%
Procter & Gamble Co/The 0.03%
Procter & Gamble Company 0.03%
Avantor Inc 0.02%
Coca Cola Co USD 0.02%
Coca-Cola Co/The 0.02%
LVMH Moet Hennessy Louis Vuitton 0.02%
Pepsico Inc Cap US$0.01 2/3 0.02%
Ping An Insurance 0.02%
Unilever PLC-Sponsored Adr 0.02%
Mosaic Co/The 0.01%
Shell PLC 0.01%
Sherwin Williams Com Usd1 0.01%
Sherwin-Williams Co/The 0.01%
Unilever PLC 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 2022 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.

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
2022 -0.26% 1.0%
2021 8.99% 12.82%
2020 0.27% -3.08%
2019 4.19% 0.93%
2018 3.39% 3.27%
2017 3.28% 5.16%
2016 2.92% 0.93%
2015 8.63% 7.14%
2014 5.69% 4.4%
2013 8.30% 5.0%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Macquarie NZ Cash Fund
    New Zealand Cash and Equivalents
    33.49%
  • Macquarie NZ Short Duration
    New Zealand Cash and Equivalents
    17.57%
  • Macquarie NZ Fixed Interest PIE
    New Zealand NZ Fixed Interest
    11.38%
  • Dimensional Global Sust. (NZD Hedged)
    Australia International Equities
    6.22%
  • Dimensional Global Sustainability PIE Fund
    Australia International Equities
    5.34%
  • Blackrock Multi Opportunity Fund
    Australia Other
    3.22%
  • Cash At Bank - NZD (Cash Fund)
    New Zealand Cash and Equivalents AA-
    3.0%
  • Spdr S&P/ASX 200 Index
    Australia Australasian Equities
    2.61%
  • Aqr Wholesale Delta Fund Series 14
    Australia Other
    2.59%
  • Man Ahl Alpha AUD Class B
    Australia Other
    2.48%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 36.0% 59.68%
New Zealand Fixed Interest 15.0% 11.38%
International Fixed Interest 0.0% 0.0%
Australasian Equities 4.0% 3.71%
International Equities 23.0% 13.97%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 17.0% 10.52%
Commodities 5.0% 0.74%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.06%
  • Animal Testing:
    0.78%
  • Fossil Fuels:
    1.16%
  • Gambling:
    0.16%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    1.16%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.18%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 2022 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 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

"A200 invests in assets seeking to minimise short term movements up and down in value, preserve purchasing power of capital and provide an expected return higher than bank term deposits."

Value $24M NZD
Period of data report Fri Sept. 30th 2022
Fund started Mon Jan. 18th 2010
Total annual fund fees 1.51%
Total performance based fees 0.0%
Manager's basic fee 0.91%
Other management and administration charges 0.6%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Mark Wooster

Currently: CIO (Caliber Investment) (12 years, 10 months)
Previously: CIO (Sovereign and ASB Group Investments) (5 years, 0 months)

Alan Austin

Currently: Independent Director (Accordia Asset Management Limited) (5 years, 7 months)
Previously: Senior Investment Consultant (Eriksen & Associates) (6 years, 0 months)

Jason Ferguson

Currently: Investment Strategist (Caliber investment) (8 years, 3 months)
Previously: Portfolio Manager (First State / ASB Group Investments) (9 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.