Forsyth Barr New Zealand Fixed Interest Fund

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Fund type: Defensive fund

Past Returns: 2.63%

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

Annual Fees: 0.78%

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.


Fossil Fuel

Genesis Energy Limited 20/07/2022 1.32% 0.38%
Genesis Energy Limited 5.0% 03/04/2025 1.04%
Genesis Energy Limited Bonds 09/06/2047 5.70% 0.90%
Genesis Energy Ltd Bonds 18/03/2022 4.14% 0.27%

Gambling

Skycity Entertainment Group Ltd 21/05/2027 3.02% 0.24%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Sept. 30th 2021 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.

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
2021 1.23% 2.54%
2020 0.88% 1.61%
2019 2.43% 3.74%
2018 1.98% 3.45%
2017 1.52% 1.9%
2016 2.91% 4.48%
2015 5.21% 5.65%
2014 1.36% 1.86%
2013 4.22% 3.6%
2012 3.86% 4.61%

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 Sept. 30th 2021.

Showing the top 10 investments for this fund:

  • Housing New Zealand 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AA+
    5.83%
  • New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50%
    New Zealand NZ Fixed Interest AA+
    5.64%
  • New Zealand Local Government Funding Agency Ltd 15/04/2027 4.50%
    New Zealand NZ Fixed Interest AA+
    4.01%
  • Westpac New Zealand 1.439% 24/02/2026
    New Zealand NZ Fixed Interest AA-
    3.69%
  • Housing New Zealand 2.97% 12/06/2023
    New Zealand NZ Fixed Interest AA+
    3.68%
  • New Zealand Local Government Funding Agency Ltd 15/04/2025 2.75%
    New Zealand NZ Fixed Interest AA+
    2.99%
  • New Zealand Local Government Funding Agency Ltd 15/04/2024 2.25%
    New Zealand NZ Fixed Interest AA+
    2.97%
  • ANZ Transactional Bank Account
    New Zealand Cash and Equivalents AA-
    2.81%
  • New Zealand Local Government Funding Agency Ltd 14/04/2022 2.75%
    New Zealand NZ Fixed Interest AA+
    2.55%
  • Housing New Zealand 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AA+
    2.31%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Sept. 30th 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 2.81%
New Zealand Fixed Interest 95.0% 97.19%
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%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Sept. 30th 2021.

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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    2.59%
  • Gambling:
    0.24%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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 Thu Sept. 30th 2021 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.

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 aims to achieve positive long-term returns by investing in selected New Zealand fixed interest assets which will typically have low to moderate levels of movement up and down in value."

Value $260M NZD
Period of data report Thu Sept. 30th 2021
Fund started Thu June 26th 2008
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.76%
Other management and administration charges 0.02%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Paul Robertshawe

Currently: Portfolio ManagerForsyth Barr Limited (0 years, 6 months)
Previously: Portfolio Manager Large Capitalisation NZ Equities ACC (10 years, 1 months)

Craig Alexander

Currently: Co-Head of Funds ManagementForsyth Barr Limited (8 years, 3 months)
Previously: Head of Fixed InterestTower Investments (5 years, 2 months)

Jason Lindsay

Currently: Co-Head of Funds ManagementForsyth Barr Limited (2 years, 0 months)
Previously: Portfolio Manager Australasian Listed Infrastructure ACC (6 years, 2 months)

Rob Mercer

Currently: Director/Equities Wealth Management ResearchForsyth Barr Limited (2 years, 2 months)
Previously: Head of Private Wealth Research Forsyth Barr Limited (7 years, 2 months)

Neil Paviour-Smith

Currently: Director (13 years, 7 months)
Previously: Managing Director at Forsyth Barr Limited (current) (20 years, 9 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Sept. 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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