Funds

This is a Mindful fund Pella Global Generations PIE Fund

Fund type: Aggressive fund

Past Returns: No 3 year data yet
Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
Annual Fees: 0.85%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

Total Ethical Concerns: 4.07%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

  • Environmental Harm 1.97%

    • Nutrien Ltd.
      1.97%

  • Animal Cruelty 1.97%

    • Nutrien Ltd.
      1.97%

  • Human Rights Violations 2.1%

    • Uber Technologies, Inc.
      2.10%

From the Fund Provider

  • About this fund

    About this Fund

    Fund type: Aggressive fund

    Past Returns: No 3 year data yet
    Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
    Annual Fees: 0.85%
    Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

    In their own words

    The Investment Manager believes it is possible to consistently generate excess returns by creating a diversified portfolio of highly cash flow generative companies with favourable outlooks that are trading at attractive valuations.

    Value $59.6M NZD
    Period of data report 30th Sept. 2025
    Fund started 4th April 2025
    Total annual fund fees 0.85%
    Total performance based fees 0.0%
    Manager's basic fee 0.85%
    Other management and administration charges 0.0%
    Total other charges 0.0
    Total other charges currency NZD

    Key Personnel

    Steven Glass

    Currently: Managing Director & Investment Analyst (4 years, 1 months)
    Previously: Deputy PM - Pengana (5 years, 8 months)

    Jordan Cvetanovski

    Currently: Chairman & CIO (4 years, 1 months)
    Previously: PM - Pengana (5 years, 8 months)

    Joy Yacoub

    Currently: Head of Distribution (4 years, 1 months)
    Previously: Distribution Director - Pengana (1 years, 8 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

  • Past Returns

    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. 2025.

  • Investments

    Top 10 Investments

    • Cash At Bank (BNZ)

      New Zealand Cash and Equivalents AA-

      6.17%

    • Schneider Electric Se

      France International Equities

      4.12%

    • Taiwan Semiconductor-Sp Adr

      United States International Equities

      4.08%

    • Unitedhealth Group Inc

      United States International Equities

      3.95%

    • 3I Group PLC

      United Kingdom International Equities

      3.92%

    • Microsoft Corporation

      United States International Equities

      3.92%

    • Novo Nordisk A/S-B

      Denmark International Equities

      3.78%

    • Mastercard Inc-Class A

      United States International Equities

      3.37%

    • Asml Holding Nv

      Netherlands International Equities

      3.34%

    • Imcd Nv

      Netherlands International Equities

      3.14%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 6.17%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 0.0% 0.0%
    International Equities 95.0% 93.83%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025 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.

Issues of Concern

  • 1.97% Environmental Harm
  • 0.0% Fossil Fuels
  • 1.97% Animal Cruelty
  • 2.1% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Weapons

Companies of Concern

  • Environmental Harm

    • Nutrien Ltd.
      1.97%

  • Animal Cruelty

    • Nutrien Ltd.
      1.97%

  • Human Rights Violations

    • Uber Technologies, Inc.
      2.10%

About this Fund

Fund type: Aggressive fund

Past Returns: No 3 year data yet
Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
Annual Fees: 0.85%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

The Investment Manager believes it is possible to consistently generate excess returns by creating a diversified portfolio of highly cash flow generative companies with favourable outlooks that are trading at attractive valuations.

Value $59.6M NZD
Period of data report 30th Sept. 2025
Fund started 4th April 2025
Total annual fund fees 0.85%
Total performance based fees 0.0%
Manager's basic fee 0.85%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Steven Glass

Currently: Managing Director & Investment Analyst (4 years, 1 months)
Previously: Deputy PM - Pengana (5 years, 8 months)

Jordan Cvetanovski

Currently: Chairman & CIO (4 years, 1 months)
Previously: PM - Pengana (5 years, 8 months)

Joy Yacoub

Currently: Head of Distribution (4 years, 1 months)
Previously: Distribution Director - Pengana (1 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025.

Top 10 Investments

  • Cash At Bank (BNZ)

    New Zealand Cash and Equivalents AA-

    6.17%

  • Schneider Electric Se

    France International Equities

    4.12%

  • Taiwan Semiconductor-Sp Adr

    United States International Equities

    4.08%

  • Unitedhealth Group Inc

    United States International Equities

    3.95%

  • 3I Group PLC

    United Kingdom International Equities

    3.92%

  • Microsoft Corporation

    United States International Equities

    3.92%

  • Novo Nordisk A/S-B

    Denmark International Equities

    3.78%

  • Mastercard Inc-Class A

    United States International Equities

    3.37%

  • Asml Holding Nv

    Netherlands International Equities

    3.34%

  • Imcd Nv

    Netherlands International Equities

    3.14%
Type Target Actual
Cash and Cash Equivalents 5.0% 6.17%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 95.0% 93.83%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025 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.