Funds

Clarity Trans-Tasman Value Fund

Total Ethical Concerns: 17.14%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

  • Fossil Fuels 16.34%

    • BHP
      4.11%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      4.11%
    • Contact Energy Ltd.
      3.99%
      1.5°C
      This company is on a 1.5°C pathway
      3.99%
    • Channel Infrastructure
      2.85%
      2.85%
    • 2.78%
    • Santos Ltd.
      1.63%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      1.63%
    • Woodside Energy Group Ltd.
      0.98%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.98%
  • Environmental Harm 4.91%

    • BHP
      4.11%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      4.11%
    • Fonterra
      0.80%
      0.80%

From the Fund Provider

  • About this fund

    About this Fund

    The Fund will provide actively managed exposure to New Zealand and Australian equities. The Fund aims to generate a better return than the benchmark over the medium to long term. It employs a value investing strategy, typically favouring companies which offer higher earnings yields. We intend for the Fund to make quarterly income distributions.

    Value $115M NZD
    Period of data report 31st March 2025
    Fund started 2nd Nov. 2007
    Total annual fund fees 1.07%
    Total performance based fees 0.0%
    Manager's basic fee 0.66%
    Other management and administration charges 0.41%
    Total other charges 0.0
    Total other charges currency NZD

    Alan Lee

    Currently: Director, Clarity Funds Management Limited (19 years, 9 months)
    Previously: Director, Jarden Morgan Investment Services Limited (4 years, 0 months)

    Andrew Kelleher

    Currently: Director, Clarity Funds Management Limited (16 years, 11 months)
    Previously: Acting Managing Principal, ASB Securities Limited and Investment Consultant, ASB Limited (3 years, 5 months)

    Josh Wilson

    Currently: Chief Investment Officer, Clarity Funds Management Limited (6 years, 0 months)
    Previously: Portfolio Manager, NZ Funds (7 years, 10 months)

    Louis Loader

    Currently: Investment Analyst, Clarity Funds Management Limited (1 years, 6 months)
    Previously: Investment Analyst, NZ Funds (2 years, 3 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 4.07% 1.51%
    2024 15.78% 7.47%
    2023 -4.85% -5.01%
    2022 3.53% 12.2%
    2021 35.55% 36.31%
    2020 -7.06% -17.96%
    2019 10.17% -2.25%
    2018 7.53% 5.51%
    2017 9.49% 14.71%
    2016 4.71% 6.6%

    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 March 2025.

  • Investments

    Top 10 Investments

    • Meridian Energy Limited

      New Zealand Australasian Equities

      4.12%
    • BHP Group Ltd

      Australia Australasian Equities

      4.11%
    • Contact Energy Ltd

      New Zealand Australasian Equities

      3.99%
    • National Australia Bank Ltd

      Australia Australasian Equities

      3.93%
    • Aust and NZ Banking Group

      Australia Australasian Equities

      3.88%
    • Spark New Zealand Ltd

      New Zealand Australasian Equities

      3.45%
    • CSL Limited

      Australia Australasian Equities

      3.39%
    • Sky Network Television Ltd

      New Zealand Australasian Equities

      3.31%
    • Infratil Ltd

      New Zealand Australasian Equities

      3.04%
    • Channel Infrastructure NZ Limited

      New Zealand Australasian Equities

      2.85%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 1.69%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 95.0% 98.31%
    International Equities 0.0% 0.0%
    Listed Properties 0.0% 0.0%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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 2025 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.

Issues of Concern

  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 16.34% Fossil Fuels
  • 0.0% Weapons
  • 4.91% Environmental Harm

Companies of Concern

  • Fossil Fuels

    • BHP
      4.11%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      4.11%
    • Contact Energy Ltd.
      3.99%
      1.5°C
      This company is on a 1.5°C pathway
      3.99%
    • Channel Infrastructure
      2.85%
      2.85%
    • 2.78%
    • Santos Ltd.
      1.63%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      1.63%
    • Woodside Energy Group Ltd.
      0.98%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.98%
  • Environmental Harm

    • BHP
      4.11%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      4.11%
    • Fonterra
      0.80%
      0.80%

About this Fund

The Fund will provide actively managed exposure to New Zealand and Australian equities. The Fund aims to generate a better return than the benchmark over the medium to long term. It employs a value investing strategy, typically favouring companies which offer higher earnings yields. We intend for the Fund to make quarterly income distributions.

Value $115M NZD
Period of data report 31st March 2025
Fund started 2nd Nov. 2007
Total annual fund fees 1.07%
Total performance based fees 0.0%
Manager's basic fee 0.66%
Other management and administration charges 0.41%
Total other charges 0.0
Total other charges currency NZD

Alan Lee

Currently: Director, Clarity Funds Management Limited (19 years, 9 months)
Previously: Director, Jarden Morgan Investment Services Limited (4 years, 0 months)

Andrew Kelleher

Currently: Director, Clarity Funds Management Limited (16 years, 11 months)
Previously: Acting Managing Principal, ASB Securities Limited and Investment Consultant, ASB Limited (3 years, 5 months)

Josh Wilson

Currently: Chief Investment Officer, Clarity Funds Management Limited (6 years, 0 months)
Previously: Portfolio Manager, NZ Funds (7 years, 10 months)

Louis Loader

Currently: Investment Analyst, Clarity Funds Management Limited (1 years, 6 months)
Previously: Investment Analyst, NZ Funds (2 years, 3 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 4.07% 1.51%
2024 15.78% 7.47%
2023 -4.85% -5.01%
2022 3.53% 12.2%
2021 35.55% 36.31%
2020 -7.06% -17.96%
2019 10.17% -2.25%
2018 7.53% 5.51%
2017 9.49% 14.71%
2016 4.71% 6.6%

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 March 2025.

Top 10 Investments

  • Meridian Energy Limited

    New Zealand Australasian Equities

    4.12%
  • BHP Group Ltd

    Australia Australasian Equities

    4.11%
  • Contact Energy Ltd

    New Zealand Australasian Equities

    3.99%
  • National Australia Bank Ltd

    Australia Australasian Equities

    3.93%
  • Aust and NZ Banking Group

    Australia Australasian Equities

    3.88%
  • Spark New Zealand Ltd

    New Zealand Australasian Equities

    3.45%
  • CSL Limited

    Australia Australasian Equities

    3.39%
  • Sky Network Television Ltd

    New Zealand Australasian Equities

    3.31%
  • Infratil Ltd

    New Zealand Australasian Equities

    3.04%
  • Channel Infrastructure NZ Limited

    New Zealand Australasian Equities

    2.85%
Type Target Actual
Cash and Cash Equivalents 5.0% 1.69%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 95.0% 98.31%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.