Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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
Agl Energy Ltd 5% 11/05/2021 0.42%
Apa Group 0.05%
Origin Energy Limited 0.04%
Weapons
Safran SA 0.07%
Transdigm Group Inc 0.02%
Gambling
Crown Resorts Ltd Frn 04/23/2075 0.43%
Alcohol
Delegat Group Ltd 0.02%
LVMH Moet Hennessy Louis Vui 0.05%
Metcash Limited 0.01%
Animal Testing
Ecolab Inc 0.030%
Estee Lauder Cos Inc/The 0.040%
L'Oreal SA 0.010%
L'Oreal SA - Pf 0.060%
LVMH Moet Hennessy Louis Vui 0.050%
Reckitt Benckiser Group PLC 0.110%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 and research organisations.
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 | 1.67% | 0.93% |
| 2019 | 2.69% | 4.5% |
| 2018 | 2.37% | 4.63% |
| 2017 | 1.63% | 5.52% |
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 Tue June 30th 2020.
Showing the top 10 investments for this fund:
-
NZD Cash Current Account (Nab Bank)
New Zealand Cash and Equivalents AA-4.6% -
NZ Local Government Funding 1.5% 20/04/2029
New Zealand NZ Fixed Interest AA+1.45% -
Housing New Zealand 3.36% 12/06/2025
New Zealand NZ Fixed Interest AA+1.26% -
John Deere 1.75% 04/10/2024
United States Int Fixed Interest A1.14% -
NZ Local Government Funding 3.5% 14/04/2033
New Zealand NZ Fixed Interest AA+1.13% -
Westpac 2.22% 29/07/2024
New Zealand NZ Fixed Interest AA-1.13% -
ASB Bank 1.83% 19/08/2024
New Zealand NZ Fixed Interest AA-1.11% -
ANZ Bank 3.03% 20/03/2024
New Zealand NZ Fixed Interest AA-1.01% -
Ing Group 1.45% 20/08/2024
Australia Int Fixed Interest AAA0.98% -
National Housing Finance and Investment Corp 1.41% 2032
Australia Int Fixed Interest AAA0.95%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 6.0% | 11.5% |
| New Zealand Fixed Interest | 35.0% | 24.31% |
| International Fixed Interest | 41.0% | 49.81% |
| Australasian Equities | 6.0% | 4.48% |
| International Equities | 8.0% | 6.6% |
| Listed Properties | 4.0% | 2.44% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.86% |
| Commodities | 0.0% | 0.0% |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.08%
-
Animal Testing:0.30%
-
Fossil Fuels:0.51%
-
Gambling:0.43%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.00%
-
Palm Oil:0.00%
-
Tobacco:0.00%
-
Weapons:0.09%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 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 Fund’s objective is to provide moderate returns and protect capital after the base fund fee but before tax over the minimum recommended investment timeframe of three years. It is a diversified fund that primarily invests in fixed interest securities with a moderate allocation to equities."
| Value | $440M NZD |
| Period of data report | Tue June 30th 2020 |
| Members | 1,257 |
| Fund started | Tue Sept. 1st 2015 |
| Total annual fund fees | 0.95% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.94% |
| Administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Paul Morris |
Currently: Portfolio Manager (4 years, 5 months) |
|
Mark Riggall |
Currently: Portfolio Manager Senior Dealer (5 years, 6 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.
Downloads
Download the fund's disclosure statement and portfolio holdings.
