Funds

IPM Diversified Income Portfolio

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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:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Constellation Energy 0.09%
    • Contact Energy Limited 15/08/2024 3.55% 0.06%
    • Alliant Energy Corporation 0.01%
    • Dte Energy Company 0.01%
    • Genesis Energy Limited 08/03/2023 5.81% 0.01%
    • Marathon Oil Corporation 0.01%

  • Tobacco

    • Lt 2021-1 D 0.04%

  • Alcohol

    • Lt 2021-1 D 0.04%

  • GMOs

    • Corteva Inc 0.01%

  • Human Rights & Environmental Violations

    • Wells Fargo & Company 0.21%
    • Corteva Inc 0.01%
    • Johnson & Johnson 0.01%

  • Animal Cruelty

    • Avantor Inc 0.03%
    • Pepsico Inc 0.02%
    • Corteva Inc 0.01%
    • Kraft Heinz Company 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 30th Sept. 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.

About this fund

In their own words

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 $110M NZD
Period of data report 31st Dec. 2022
Fund started 8th Aug. 2014
Total annual fund fees 1.38%
Total performance based fees 0.0%
Manager's basic fee 0.71%
Other management and administration charges 0.67%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Jason Ferguson

Currently: Investment Strategist (Caliber investment) (8 years, 6 months)
Previously: Portfolio Manager (First State / ASB Group Investments) (9 years, 0 months)

Neville Caird

Currently: Chairman and Director New Zealand Investment Portfolio Management Limited (8 years, 9 months)
Previously: Chairman and Director (New Zealand Financial Planning Limited) (3 years, 0 months)

Craig Dealey

Currently: Managing Director New Zealand Investment Portfolio Management Limited (8 years, 9 months)
Previously: General Manager - NZFP Assets Management Limited (12 years, 0 months)

Mike Staal

Currently: Director New Zealand Investment Portfolio Management Limited (8 years, 9 months)
Previously: Managing Director (New Zealand Financial Planning Company Limited) (24 years, 0 months)

Mark Wooster

Currently: Chief Investment Officer (Caliber Investment) (13 years, 1 months)
Previously: Chief Investment Officer (Sovereign and ASB Group Investments) (5 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

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 0.04%
Animal Cruelty 0.10%
Fossil Fuels 0.20%
Gambling 0.00%
GMOs 0.01%
Human Rights & Environmental Violations 0.25%
Palm Oil 0.00%
Tobacco 0.04%
Weapons 0.00%

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. 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.

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
2022 -0.26% -0.4%
2021 8.99% 1.65%
2020 0.27% 0.05%
2019 4.19% 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. 2022.

Top 10 Investments

  • Harbour Enhanced Cash Fund
    New Zealand Cash and Equivalents AA-
    33.95%
  • Daintree Core Income Trust NZD
    Australia Int Fixed Interest
    28.53%
  • Harbour NZ Corporate Bond Fund
    New Zealand NZ Fixed Interest A+
    9.48%
  • Blackrock Multi Opportunity Fund
    Australia Other
    7.48%
  • Aqr Wholesale Delta Fund Series 14
    Australia Other
    6.7%
  • Cash At Bank - NZD
    New Zealand Cash and Equivalents AA-
    4.91%
  • Man Alternative Style Risk Premia Fund Cl I H NZD
    Australia Other
    4.46%
  • Wstp Term Deposit 3.94% 02/06/2022 02/06/2023
    New Zealand Cash and Equivalents AA-
    1.91%
  • Wstp Term Deposit 4.185% 01/08/2022 01/08/2023
    New Zealand Cash and Equivalents AA-
    1.9%
  • Cash At Bank - AUD
    New Zealand Cash and Equivalents AA-
    0.67%
Type Target Actual
Cash and Cash Equivalents 10.0% 43.34%
New Zealand Fixed Interest 25.0% 9.48%
International Fixed Interest 35.0% 28.52%
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% 18.66%
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 31st Dec. 2022.