Funds
Mint Diversified Income 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
Human Rights Violations
-
Thermo Fisher Scientific Inc 0.38%
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
THERMO FISHER SCIENTIFIC INC Human Rights Abuses
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence shows Thermo Fisher Scientific continues to supply DNA sequencing products to the Xinjiang region, despite the company announcing it would halt sales to the region in 2019.
-
Thermo Fisher Scientific Inc 0.38%
Environmental Harm
-
Nutrien Ltd 0.12%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Highly Hazardous Pesticides
Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
-
Nutrien Ltd 0.12%
Animal Cruelty
-
LVMH Moet Hennessy Louis Vui 0.36%
Animal Welfare Issues
Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.
Fur & Speciality Leather
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
-
L'Oreal 0.30%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
L'OREAL Animal Testing
L'Oréal is a personal care company and cosmetics company concentrating on hair colour, skin care, sun protection, make-up, perfume, and hair care. The company states that its products are sold in countries where animal testing of cosmetic products is required by law.
-
Procter & Gamble Co/The 0.15%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
-
Nutrien Ltd 0.12%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Highly Hazardous Pesticides
Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
-
Tapestry Inc 0.11%
Fur & Speciality Leather
Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
-
Unilever PLC 0.06%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
-
LVMH Moet Hennessy Louis Vui 0.36%
Fossil Fuels
-
Contact Energy Ltd 1.99%
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.
-
Contact Energy Ltd 1.99%
1.5°C
Fund Provider Response
All companies are exposed to varying levels of ESG risks. Mint analyses the most material ESG risks companies are exposed to, and we expect our investee companies to manage these risks appropriately. If their risk management falls short of our expectations, in most cases we prefer to engage with the company to encourage sustainable change. Engagement is preferred to divestment as divesting reduces our ability to positively influence. Please see the Responsible Investing section of our website for more info: https://www.mintasset.co.nz/responsibleinvesting
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 2024 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 has a broad mandate which permits investments into New Zealand and international equities (including listed property if held), but will also hold cash and fixed-interest securities. The objective of the Fund is to deliver a total return (through a combination of income and capital growth) in excess of the Consumers Price Index (CPI) by 3% per annum, before fees, over the medium to long term. The relevant market index for the Fund is a composite index derived from the underlying asset classes of the Fund that make up the Fund's Strategic Asset Allocation.
| Value | $65.8M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 31st Aug. 2014 |
| Total annual fund fees | 0.95% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.76% |
| Other management and administration charges | 0.19% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Marek Krzeczkowski |
Currently: Portfolio Manager (5 years, 2 months) |
|
Ryan Falls |
Currently: Senior Analyst (1 years, 10 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.
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 |
|---|---|---|
| 2024 | 5.67% | 5.75% |
| 2023 | -1.56% | -2.24% |
| 2022 | -0.50% | -0.7% |
| 2021 | 8.70% | 10.1% |
| 2020 | -0.05% | -1.62% |
| 2019 | 4.31% | 5.69% |
| 2018 | 3.39% | 3.26% |
| 2017 | 3.28% | 2.56% |
| 2016 | 2.92% | 5.37% |
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 30th June 2024.
Top 10 Investments
-
Vctnz 3.69% 26/11/2027
New Zealand NZ Fixed Interest BBB+3.88% -
NZGB 1.75% 15/05/2041
New Zealand NZ Fixed Interest AA+3.65% -
Cennz 5.62% 06/04/2029
New Zealand NZ Fixed Interest BBB3.28% -
Hounz 1.534% 10/09/2035
New Zealand NZ Fixed Interest AAA2.93% -
Spknz 4.37% 29/09/2028
New Zealand NZ Fixed Interest A-2.86% -
Mel 5.4% 21/03/2030
New Zealand NZ Fixed Interest BBB+2.69% -
Anu 3.98% 18/11/2025
Australia Int Fixed Interest AA+2.47% -
Tpnz 5.893% 03/15/2028
New Zealand NZ Fixed Interest AA2.42% -
Mcynz 1.56% 14/09/2027
New Zealand NZ Fixed Interest BBB+2.17% -
Gptau 3.657% 24/08/2026
Australia Int Fixed Interest A-2.14%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 3.58% |
| New Zealand Fixed Interest | 50.0% | 58.8% |
| International Fixed Interest | 15.0% | 8.8% |
| Australasian Equities | 20.0% | 14.57% |
| International Equities | 10.0% | 10.24% |
| Listed Properties | 0.0% | 4.01% |
| 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 30th June 2024.