Funds
Octagon New Zealand Equities Fund
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
-
Contact Energy Ltd 6.29%
1.5°C
This company is on a 1.5°C pathway
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
CONTACT ENERGY LTD Fossil Fuel Power Generation
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
-
Channel Infrastructure NZ Lt 1.49%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Genesis Energy Ltd 1.18%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
GENESIS ENERGY LTD Fossil Fuel Power Generation
Genesis Energy is engaged in energy generation, trading and selling of electricity, and owns a portfolio of fossil fuel and renewable generation assets across New Zealand. Evidence shows that thermal generation from gas represents a significant portion of the company's total power generation (from the Huntly power station), and that oil and gas power revenues represent approximately 35% of the company's total revenue.
-
Contact Energy Ltd 6.29%
1.5°C
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. 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
Aims to achieve positive long-term returns by investing mostly in selected New Zealand shares, and can invest in Australian listed shares, where the company has meaningful operations in New Zealand, which will typically have high levels of movement up and down in value.
| Value | $88.0M NZD |
| Period of data report | 31st Dec. 2023 |
| Fund started | 26th June 2008 |
| Total annual fund fees | 1.17% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.17% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Paul Robertshawe |
Currently: Chief Investment Officer,
Octagon Asset Management Limited (2 years, 1 months) |
|
Craig Alexander |
Currently: Head of Fixed Interest and ESG,
Octagon Asset Management Limited (2 years, 1 months) |
|
Jason Lindsay |
Currently: Head of Equities,
Octagon Asset Management Limited (2 years, 1 months) |
|
Neil Paviour-Smith |
Currently: Director,
Forsyth Barr Investment Management Limited (15 years, 10 months) |
|
Christine Smith-Han |
Currently: Equity and Strategy Analyst,
Octagon Asset Management Limited (2 years, 1 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 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 | -5.17% | -1.47% |
| 2022 | 3.53% | 2.16% |
| 2021 | 35.55% | 29.34% |
| 2020 | -7.06% | -3.24% |
| 2019 | 10.17% | 16.4% |
| 2018 | 7.53% | 14.94% |
| 2017 | 9.49% | 9.6% |
| 2016 | 4.71% | 15.0% |
| 2015 | 14.67% | 17.4% |
| 2014 | 10.13% | 15.25% |
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. 2023.
Top 10 Investments
-
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities8.66% -
Spark New Zealand Limited
New Zealand Australasian Equities7.21% -
Auckland International Airport Limited
New Zealand Australasian Equities6.75% -
Contact Energy Limited
New Zealand Australasian Equities6.29% -
Infratil Limited
New Zealand Australasian Equities6.28% -
Meridian Energy Limited
New Zealand Australasian Equities5.16% -
Skycity Entertainment Group Limited
New Zealand Australasian Equities4.63% -
Mainfreight Limited
New Zealand Australasian Equities4.63% -
The A2 Milk Company Limited
New Zealand Australasian Equities4.12% -
Fletcher Building Limited
New Zealand Australasian Equities4.08%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 1.38% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 85.0% | 92.26% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 10.0% | 6.36% |
| 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 31st Dec. 2023.