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.

This fund has no investments in issues of concern

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

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

This is a single sector fund that aims to primarily preserve the value of your investment with some capital growth by mainly investing in NZ Government bonds.

Value $102M NZD
Period of data report 30th Sept. 2023
Fund started 24th March 1998
Total annual fund fees 0.88%
Total performance based fees 0.0%
Manager's basic fee 0.7%
Other management and administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

Jeffery Darren Ruscoe

Currently: Investment Committee Member (4 years, 6 months)
Previously: Managing Director, AMP Wealth Management New Zealand (1 years, 5 months)

Mark David Ennis

Currently: Investment Committee Member (3 years, 2 months)
Previously: Managing Director, AdviceFirst Limited (3 years, 7 months)

Katie Priscilla Breatnach

Currently: Investment Committee Member (0 years, 7 months)
Previously: GM Legal & Governance, AMP Wealth Management New Zealand (0 years, 10 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% -3.65%
2022 -2.46% -4.85%
2021 2.15% -0.61%
2020 1.75% 2.54%
2019 2.76% 4.21%
2018 1.94% 2.66%
2017 1.52% 0.77%
2016 2.91% 3.75%
2015 5.21% 6.49%
2014 1.36% -0.78%

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

  • New Zealand Government Bond - Maturing 15 Apr 2027
    New Zealand NZ Fixed Interest AAA
    12.04%
  • New Zealand Government Bond - Maturing 15 Apr 2025
    New Zealand NZ Fixed Interest AAA
    11.15%
  • New Zealand Government Bond - Maturing 20 Apr 2029
    New Zealand NZ Fixed Interest AAA
    10.67%
  • New Zealand Government Bond - Maturing 15 May 2024
    New Zealand NZ Fixed Interest AAA
    10.17%
  • New Zealand Government Bond - Maturing 14 Apr 2033
    New Zealand NZ Fixed Interest AAA
    10.08%
  • New Zealand Government Bond - Maturing 15 May 2031
    New Zealand NZ Fixed Interest AAA
    7.56%
  • New Zealand Government Bond - Maturing 15 May 2028
    New Zealand NZ Fixed Interest AAA
    6.33%
  • New Zealand Government Bond - Maturing 15 May 2026
    New Zealand NZ Fixed Interest AAA
    6.12%
  • New Zealand Government Bond - Maturing 15 May 2034
    New Zealand NZ Fixed Interest AAA
    5.16%
  • New Zealand Government Bond - Maturing 15 May 2032
    New Zealand NZ Fixed Interest AAA
    4.52%
Type Target Actual
Cash and Cash Equivalents 0.0% 3.85%
New Zealand Fixed Interest 100.0% 96.15%
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.