Funds
Daintree Core Income PIE
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
Human Rights Violations
-
Ubs 0.79%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
UBS Business Ethics
Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
-
Ubs 0.79%
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 Fund invests into the Daintree Core Income Trust with a diversified portfolio of credit fixed income securities and cash and applies a range of strategies that include duration and yield curve management, (actively managing the maturity profile of the portfolio), sector rotation and individual security selection. The aim of the Fund is to provide an absolute return (greater than cash) over time and a steady stream of income and capital stability over the medium term.
| Value | $2.18M NZD |
| Period of data report | 30th Sept. 2024 |
| Fund started | 14th Aug. 2024 |
| Total annual fund fees | 0.7% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.55% |
| Other management and administration charges | 0.15% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Alan Lee |
Currently: Director, Clarity Funds Management Limited (19 years, 3 months) |
|
Andrew Kelleher |
Currently: Director, Clarity Funds Management Limited (16 years, 5 months) |
|
Josh Wilson |
Currently: Chief Investment Officer, Clarity Funds Management Limited (5 years, 6 months) |
|
Louis Loader |
Currently: Investment Analyst, Clarity Funds Management Limited (1 years, 0 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
-
Daintree Core Income Trust NZD
Australia Int Fixed Interest99.1% -
NZD Cash At Bank
New Zealand Cash and Equivalents0.9%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 15.0% | 0.9% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 85.0% | 99.1% |
| 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.