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:

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

Companies of concern

  • Fossil Fuels

    • Sgsp Australia Assets 0.54%
    • Ampol Ltd 0.10%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 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

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 30th June 2023
Fund started 8th Aug. 2014
Total annual fund fees 1.46%
Total performance based fees 0.0%
Manager's basic fee 0.71%
Other management and administration charges 0.75%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Jason Ferguson

Currently: Investment Strategist (Caliber investment) (9 years, 0 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 (9 years, 3 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 (9 years, 3 months)
Previously: General Manager - NZFP Assets Management Limited (12 years, 0 months)

Mike Staal

Currently: Director New Zealand Investment Portfolio Management Limited (9 years, 3 months)
Previously: Managing Director (New Zealand Financial Planning Company Limited) (24 years, 0 months)

Mark Wooster

Currently: Chief Investment Officer (Caliber Investment) (13 years, 7 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 30th June 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 -1.56% 1.36%
2022 -0.95% -0.4%
2021 8.70% 1.65%
2020 0.08% 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 30th June 2023.

Top 10 Investments

  • Harbour Enhanced Cash Fund
    New Zealand Cash and Equivalents
    34.44%
  • Daintree Core Income Trust NZD
    Australia Int Fixed Interest
    29.81%
  • Blackrock Multi Opportunity Fund
    Australia Other
    9.69%
  • Harbour NZ Corporate Bond Fund
    New Zealand NZ Fixed Interest A+
    9.6%
  • Man Alternative Style Risk Premia Fund Cl I H NZD
    Australia Other
    6.42%
  • Aqr Style Premia Offshore Fund - NZD Class
    Australia Other
    3.13%
  • Cash At Bank - AUD
    New Zealand Cash and Equivalents AA-
    2.87%
  • Wstp Term Deposit 4.185% 01/08/2022 01/08/2023
    New Zealand Cash and Equivalents AA-
    1.96%
  • Wstp Term Deposit 6.232% 07/06/2023 07/06/2024
    New Zealand Cash and Equivalents AA-
    1.9%
  • Cash At Bank - NZD
    New Zealand Cash and Equivalents AA-
    0.17%
Type Target Actual
Cash and Cash Equivalents 10.0% 41.35%
New Zealand Fixed Interest 25.0% 9.6%
International Fixed Interest 35.0% 29.8%
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% 19.25%
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 30th June 2023.