Funds

Squirrel Monthly Income Fund

Find a Mindful Ethical 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.

This fund has no investments in issues of concern

Key:

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

Companies of concern

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 is designed to provide investors with a regular income return generated through exposure to a diversified portfolio of loans predominately secured against registered first mortgages on residential property across New Zealand. Loan exposure is obtained by investing in the Squirrel Wholesale Investment Funds scheme, whose funds obtain their loan exposure through investing via the Squirrel peer-to-peer (“P2P”) platform operated by Squirrel Money Limited. Assets of the Squirrel Wholesale Funds may include exposure to fractional and/or whole loans, as well as cash and cash equivalents.

Value $9.85M NZD
Period of data report 31st Dec. 2023
Fund started 13th Oct. 2021
Total annual fund fees 1.85%
Total performance based fees 0.0%
Manager's basic fee 1.62%
Other management and administration charges 0.22%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

David Tyrer

Currently: Chief Operating Officer - Squirrel (4 years, 0 months)
Previously: Head of Digital Transformation – ANZ (3 years, 0 months)

Tim Bowen

Currently: Chief Financial Officer - Squirrel (7 years, 6 months)
Previously: Director, Evergreen Consultants (current position) (2 years, 0 months)

Doug Thomson

Currently: Investor Relations Manager (3 years, 0 months)
Previously: Head of Investor Relations Manager, Old Mutual Alternative Investments (3 years, 3 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 -1.56% 4.65%

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

  • Home Loan Secured By Residential Dwelling (Auckland)
    New Zealand Other
    6.13%
  • Construction Loan Secured By Residential Dwelling (Auckland)
    New Zealand Other
    5.39%
  • Construction Loan Secured By Residential Dwelling (Auckland)
    New Zealand Other
    4.16%
  • Construction Loan Secured By Residential Dwelling (Northland)
    New Zealand Other
    3.62%
  • Construction Loan Secured By Residential Dwelling (Canterbury)
    New Zealand Other
    2.72%
  • Construction Loan Secured By Residential Dwelling (Auckland)
    New Zealand Other
    2.68%
  • Construction Loan Secured By Residential Dwelling (Auckland)
    New Zealand Other
    2.48%
  • Construction Loan Secured By Residential Dwelling (Auckland)
    New Zealand Other
    2.42%
  • Construction Loan Secured By Residential Dwelling (Auckland)
    New Zealand Other
    2.35%
  • Home Loan Secured By Residential Dwelling (Canterbury)
    New Zealand Other
    2.03%
Type Target Actual
Cash and Cash Equivalents 67.00168% 0.87%
New Zealand Fixed Interest 0.0% 0.0%
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 32.99832% 99.13%
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.