Clarity Dividend Yield Fund

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Not Mindful
Type: Growth fund
Past Returns: 0.75%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.06%

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

BHP Group Ltd 2.06%

Human Rights & Environmental Violations

BHP Group Ltd 2.06%
Rio Tinto Ltd 1.20%

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 -4.35% -14.89%
2019 6.14% 9.7%
2018 7.69% 7.44%
2017 8.26% 8.83%
2016 5.40% 10.92%
2015 12.09% 23.85%

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:

  • Contact Energy Ltd
    New Zealand Australasian Equities
    9.05%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    8.28%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    7.38%
  • Genesis Energy Ltd
    New Zealand Australasian Equities
    4.58%
  • Argosy Property Trust
    New Zealand Listed Property
    4.46%
  • Chorus Ltd
    New Zealand Australasian Equities
    4.39%
  • Z Energy Ltd
    New Zealand Australasian Equities
    4.17%
  • Amcor Ltd
    Australia Australasian Equities
    3.56%
  • Property For Industry Ltd
    New Zealand Listed Property
    3.35%
  • Centuria Industrial Reit
    Australia Listed Property
    3.14%

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 5.0% 3.62%
New Zealand Fixed Interest 5.0% 0.71%
International Fixed Interest 0.0% 0.0%
Australasian Equities 70.0% 75.02%
International Equities 0.0% 0.0%
Listed Properties 20.0% 20.65%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    2.06%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    3.26%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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 will provide actively managed exposure to dividend paying New Zealand and Australian equities. The Fund aims to generate higher dividend income than the benchmark over the medium to long term. It favours companies that we consider provide an attractive and sustainable dividend yield. We intend for the Fund to make quarterly income distributions."

Value $130M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Tue Oct. 29th 2013
Total annual fund fees 1.06%
Total performance based fees 0.0%
Manager's basic fee 0.66%
Administration charges 0.4%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Alan Lee

Currently: Director JMI Wealth Limited and Clarity Funds Management Limited (15 years, 0 months)
Previously: Director Jarden Morgan Investment Services Limited (4 years, 0 months)

Andrew Kelleher

Currently: Director JMI Wealth Limited and Clarity Funds Management Limited (12 years, 2 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 (1 years, 3 months)
Previously: Portfolio Manager NZ Funds (7 years, 10 months)

Simon Reichenbach

Currently: Senior Investment Executive JMI Wealth Limited (0 years, 9 months)
Previously: Senior Research Analyst Staples Rodway Asset Management (4 years, 11 months)

Harry Cunninghame

Currently: Investment Analyst Clarity Funds Management Limited (0 years, 4 months)
Previously: Investment Performance and Risk Analyst Milford Asset Management (1 years, 2 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.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.