Ipm Diversified Income Portfolio

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Not Mindful
Type: Conservative fund
Past Returns: 0.48%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.23%

Annual fees, including any membership and % management fee.

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.


Fossil Fuel

Genesis Energy Limited 03/04/2025 5.00% 0.06%
Genesis Energy Limited 08/03/2023 5.81% 0.02%
Genesis Energy Limited 20/07/2022 1.32% 0.05%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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.

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
2020 -0.18% 0.05%
2019 4.54% 0.3%
2018 3.22% 1.08%
2017 3.53% 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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • Harbour Enhanced Cash Fund
    New Zealand NZ Fixed Interest
    36.54%
  • Daintree Core Income Trust NZD
    Australia Int Fixed Interest
    25.19%
  • Cash At Bank - NZD
    New Zealand Cash and Equivalents AA-
    12.0%
  • Harbour NZ Corporate Bond Fund
    New Zealand NZ Fixed Interest
    9.78%
  • Blackrock Multi Opportunity Fund
    Australia Other
    6.38%
  • Aqr Wholesale Delta Fund Series 14
    Australia Other
    4.78%
  • Man Alternative Style Risk Premia Fund Cl I H NZD
    Australia Other
    3.17%
  • Kiwi Term Deposit 1.30% 13/08/2020 09/02/2021
    New Zealand Cash and Equivalents A
    1.65%
  • Nikko AM W/S Multi-Strategy Fund-Mar20
    New Zealand Other
    0.34%
  • Cash At Bank - AUD
    Australia Cash and Equivalents
    0.17%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Dec. 31st 2020.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 75.55%
New Zealand Fixed Interest 25.0% 9.78%
International Fixed Interest 35.0% 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 30.0% 14.67%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.14%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • 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 Wed Sept. 30th 2020 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 the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

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 $120M NZD
Period of data report Thu Dec. 31st 2020
Members 960
Fund started Fri Aug. 8th 2014
Total annual fund fees 1.23%
Total performance based fees 0.0%
Manager's basic fee 0.71%
Administration charges 0.52%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Mark Wooster

Currently: CIO (Caliber Investment) (11 years, 1 months)
Previously: CIO (Sovereign and ASB Group Investments) (5 years, 0 months)

Jason Ferguson

Currently: Investment Strategist (Caliber investment) (6 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 (6 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 (6 years, 9 months)
Previously: General Manager - NZFP Assets Management Limited (12 years, 0 months)

Mike Staal

Currently: Director New Zealand Investment Portfolio Management Limited (6 years, 9 months)
Previously: Managing Director (New Zealand Financial Planning Company Limited) (24 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.