Fund type: Defensive fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including management and administration fees, but not membership 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.
This fund has no investments in issues of concern
Please note that companies may breach more than one of these areas of concern.
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.
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|
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 Thu March 31st 2022.
Showing the top 10 investments for this fund:
NZD Cash Current Account (Nab Bank)
New Zealand Cash and Equivalents AA-2.92%
Becton Dickinson Euro 0.334% 13/08/2028
United States Int Fixed Interest BBB2.05%
Mcdonald'S Corporation 3% 08/03/2024
United States Int Fixed Interest BBB+2.05%
Bank Of New Zealand 2.285% 27/01/2027
New Zealand Int Fixed Interest AA-2.0%
Danaher Corporation 0.45% 18/03/2028
United States Int Fixed Interest BBB+1.99%
John Deere 1.75% 04/10/2024
United States Int Fixed Interest A1.92%
Nxp Semiconductors 4.3% 18/06/2029
China Int Fixed Interest BBB1.91%
John Deere 0.70% 15/01/2026
United States Int Fixed Interest A1.82%
NZD Cash Call Account (Bank Of China)
New Zealand Cash and Equivalents A1.82%
Aroundtown 4.5% 14/05/2025
Germany Int Fixed Interest BBB+1.7%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.
How the money in this fund is invested against the fund's targets.
|Cash and Cash Equivalents||5.0%||12.92%|
|New Zealand Fixed Interest||0.0%||1.02%|
|International Fixed Interest||95.0%||85.6%|
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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
Human Rights & Environmental Violations:0.00%
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.
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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.
In their own words
"The Fund's objective is to protect capital and generate a positive NZD-hedged return after the base fund fee but before tax, that exceeds the relevant benchmark over the minimum recommended investment timeframe of three years. It primarily invests in global corporate fixed interest securities."
|Period of data report||Thu March 31st 2022|
|Fund started||Wed Feb. 1st 2017|
|Total annual fund fees||0.85%|
|Total performance based fees||0.0%|
|Manager's basic fee||0.84%|
|Other management and administration charges||0.01%|
|Total other charges||0.0|
|Total other charges currency||NZD|
Currently: Portfolio Manager (1 years, 7 months)
Currently: Senior Analyst (4 years, 11 months)
Download the fund's disclosure statement and portfolio holdings.