Funds

Clarity Fixed Income 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.

Key:

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

Companies of concern

  • Fossil Fuels

    • Genesis Energy Ltd 1.39%

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

The Fund aims to provide income in excess of bank deposits and capital stability over the medium term by investing mainly in New Zealand fixed interest securities. We intend for the Fund to make quarterly income distributions.

Value $169M NZD
Period of data report 31st Dec. 2023
Fund started 23rd May 2014
Total annual fund fees 0.7%
Total performance based fees 0.0%
Manager's basic fee 0.3%
Other management and administration charges 0.4%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Alan Lee

Currently: Director, Clarity Funds Management Limited (18 years, 6 months)
Previously: Director, Jarden Morgan Investment Services Limited (4 years, 0 months)

Andrew Kelleher

Currently: Director, Clarity Funds Management Limited (15 years, 8 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 (4 years, 9 months)
Previously: Portfolio Manager, NZ Funds (7 years, 10 months)

James Grey

Currently: Investment Associate, Clarity Funds Management Limited (11 years, 5 months)
Previously: ASB Securities, Online Broker (4 years, 2 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 -0.79% 0.36%
2022 -2.46% -2.6%
2021 2.15% 3.18%
2020 1.75% 1.75%
2019 2.76% 3.69%
2018 1.94% 3.44%
2017 1.52% 2.2%
2016 2.91% 4.07%

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

  • Nzlgfa 4.5% 15/05/2030
    New Zealand NZ Fixed Interest AAA
    8.37%
  • Bzlnz 5.8720% 01/09/2028
    New Zealand NZ Fixed Interest AA-
    5.88%
  • Housnz 4.422% 15/10/2027
    New Zealand NZ Fixed Interest AA+
    5.3%
  • Asbbnk 1.646% 04/05/2026
    New Zealand NZ Fixed Interest AA-
    3.58%
  • Rabobk Nfix3Fra + 80 12/08/2026
    New Zealand NZ Fixed Interest A+
    3.57%
  • Mcynz 2.16% 29/09/2026
    New Zealand NZ Fixed Interest BBB+
    3.52%
  • Nzlgfa 2.25% 15/05/2028
    New Zealand NZ Fixed Interest AAA
    3.29%
  • Hblnz Term Deposit 2.7% 14/01/2022 12/01/2024
    New Zealand Cash and Equivalents BBB
    3.16%
  • Toyota 1.73% 06/09/2024
    New Zealand NZ Fixed Interest A+
    3.12%
  • Tpnz 1.52% 04/08/2026
    New Zealand NZ Fixed Interest AA
    3.04%
Type Target Actual
Cash and Cash Equivalents 5.0% 41.58%
New Zealand Fixed Interest 95.0% 58.42%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
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 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.