Funds

This is a Mindful fund Pathfinder Global Responsibility Fund

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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.

This fund has no investments in issues of concern

Key:

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

Companies of concern

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 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.

About this fund

In their own words

This Fund currently invests in international equities and listed property through Pathfinder’s wholesale Responsible Investment Fund which (1) targets a portfolio of 200 companies and (2) applies ethical investment screens. Direct shares and ETFs may also be held.

Pathfinder is a boutique fund manager based in Auckland. We started investing ethically in 2010, and now manage 9 funds, with our research and expertise focused on investing responsibly and ethically in global markets. We seek out companies actively making a positive difference and believe these kinds of companies also make better long-term financial investments. Investing ethically to us means making conscious choices for doing good with the money we manage. We want our investors to both do good and do well.

Value $107M NZD
Period of data report 30th June 2024
Fund started 2nd Oct. 2017
Total annual fund fees 0.93%
Total performance based fees 0.0%
Manager's basic fee 0.93%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

John Berry

Currently: CEO (15 years, 3 months)
Previously: Deutsche Bank - Consultant (5 years, 0 months)

Wayne Ross

Currently: CIO (0 years, 5 months)
Previously: Newton Ross - Founder and Director (20 years, 0 months)

Kent Fraser

Currently: Chair of Investment Committee (7 years, 9 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.

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
2024 14.61% 22.95%
2023 -4.85% 0.21%
2022 3.53% 6.69%
2021 35.55% 33.27%
2020 -7.06% 2.35%
2019 10.17% 2.67%

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 2024.

Top 10 Investments

  • Cash At Bank-NZD-Westpac
    New Zealand Cash and Equivalents AA-
    6.66%
  • Microsoft Corporation
    United States International Equities
    4.08%
  • Nvidia Corp
    United States International Equities
    2.47%
  • Apple Inc
    United States International Equities
    2.04%
  • First Solar Inc
    United States International Equities
    1.73%
  • Asml Holding Nv
    Netherlands International Equities
    1.73%
  • Lam Research Corp
    United States International Equities
    1.63%
  • Applied Materials Inc
    United States International Equities
    1.57%
  • Alphabet Inc Class A
    United States International Equities
    1.56%
  • Alphabet Inc Class C
    United States International Equities
    1.55%
Type Target Actual
Cash and Cash Equivalents 0.0% 7.55%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 2.94%
International Equities 95.0% 82.78%
Listed Properties 5.0% 6.73%
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 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 2024.