Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed conservative funds is 3.17%.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
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).
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Genesis Energy is engaged in energy generation, trading and selling of electricity, and owns a portfolio of fossil fuel and renewable generation assets across New Zealand. Evidence shows that thermal generation from gas represents a significant portion of the company's total power generation (from the Huntly power station), and that oil and gas power revenues represent approximately 35% of the company's total revenue.
The IPM Diversified Income Portfolio invests primarily in a range of domestic and overseas interest-bearing securities e.G. Cash, NZ Fixed Interest and International Fixed Interest, either directly or indirectly.
| Value | $129M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 8th Aug. 2014 |
| Total annual fund fees | 1.72% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.71% |
| Other management and administration charges | 1.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Jason Ferguson |
Currently: Investment Strategist (Caliber investment) (10 years, 6 months)
|
|
Alan Austin |
Currently: Chairman and Director New Zealand Investment Portfolio Management Limited (3 years, 1 months)
|
|
Craig Dealey |
Currently: Managing Director New Zealand Investment Portfolio Management Limited (10 years, 9 months)
|
|
Mark Wooster |
Currently: Chief Investment Officer (Caliber Investment) (15 years, 1 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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 |
|---|---|---|
| 2024 | 5.67% | 6.44% |
| 2023 | -1.56% | 1.36% |
| 2022 | -0.50% | -0.4% |
| 2021 | 8.70% | 1.65% |
| 2020 | -0.05% | 0.05% |
| 2019 | 4.31% | 0.3% |
| 2018 | 3.39% | 1.08% |
| 2017 | 3.28% | 1.44% |
| 2016 | 2.92% | 3.55% |
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 31st Dec. 2024.
Daintree Core Income Trust NZD
Australia Int Fixed Interest
Harbour Enhanced Cash Fund
New Zealand Cash and Equivalents
Blackrock Multi Opportunity Fund
Australia Other
Harbour NZ Corporate Bond Fund
New Zealand NZ Fixed Interest A+
Nikko AM Wholesale NZ Cash Fund
New Zealand Cash and Equivalents
Man Alternative Style Risk Premia Fund Cl I H NZD
Australia Other
Nikko AM Wholesale NZ Bond Fund
New Zealand NZ Fixed Interest
Aqr Style Premia Offshore Fund - NZD Class
Australia Other
Kiwi Term Deposit 6.1% 07/06/2024 09/06/2025
New Zealand Cash and Equivalents AA
Kiwi Term Deposit 5.92% 11/06/2024 11/06/2025
New Zealand Cash and Equivalents AA
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 37.09% |
| New Zealand Fixed Interest | 25.0% | 12.79% |
| International Fixed Interest | 35.0% | 29.92% |
| 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 | 30.0% | 20.2% |
| Commodities | 0.0% | 0.0% |
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 31st Dec. 2024.
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.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
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).
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Genesis Energy is engaged in energy generation, trading and selling of electricity, and owns a portfolio of fossil fuel and renewable generation assets across New Zealand. Evidence shows that thermal generation from gas represents a significant portion of the company's total power generation (from the Huntly power station), and that oil and gas power revenues represent approximately 35% of the company's total revenue.
The IPM Diversified Income Portfolio invests primarily in a range of domestic and overseas interest-bearing securities e.G. Cash, NZ Fixed Interest and International Fixed Interest, either directly or indirectly.
| Value | $129M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 8th Aug. 2014 |
| Total annual fund fees | 1.72% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.71% |
| Other management and administration charges | 1.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Jason Ferguson |
Currently: Investment Strategist (Caliber investment) (10 years, 6 months)
|
|
Alan Austin |
Currently: Chairman and Director New Zealand Investment Portfolio Management Limited (3 years, 1 months)
|
|
Craig Dealey |
Currently: Managing Director New Zealand Investment Portfolio Management Limited (10 years, 9 months)
|
|
Mark Wooster |
Currently: Chief Investment Officer (Caliber Investment) (15 years, 1 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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 |
|---|---|---|
| 2024 | 5.67% | 6.44% |
| 2023 | -1.56% | 1.36% |
| 2022 | -0.50% | -0.4% |
| 2021 | 8.70% | 1.65% |
| 2020 | -0.05% | 0.05% |
| 2019 | 4.31% | 0.3% |
| 2018 | 3.39% | 1.08% |
| 2017 | 3.28% | 1.44% |
| 2016 | 2.92% | 3.55% |
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 31st Dec. 2024.
Daintree Core Income Trust NZD
Australia Int Fixed Interest
Harbour Enhanced Cash Fund
New Zealand Cash and Equivalents
Blackrock Multi Opportunity Fund
Australia Other
Harbour NZ Corporate Bond Fund
New Zealand NZ Fixed Interest A+
Nikko AM Wholesale NZ Cash Fund
New Zealand Cash and Equivalents
Man Alternative Style Risk Premia Fund Cl I H NZD
Australia Other
Nikko AM Wholesale NZ Bond Fund
New Zealand NZ Fixed Interest
Aqr Style Premia Offshore Fund - NZD Class
Australia Other
Kiwi Term Deposit 6.1% 07/06/2024 09/06/2025
New Zealand Cash and Equivalents AA
Kiwi Term Deposit 5.92% 11/06/2024 11/06/2025
New Zealand Cash and Equivalents AA
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 37.09% |
| New Zealand Fixed Interest | 25.0% | 12.79% |
| International Fixed Interest | 35.0% | 29.92% |
| 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 | 30.0% | 20.2% |
| Commodities | 0.0% | 0.0% |
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 31st Dec. 2024.
