Funds

Trust Management - ESG NZ Bond Fund

Fund type: Defensive fund

Past Returns: 4.79%
Average returns over the latest 3 years of data reported, after fees and taxes.
Annual Fees: 0.4%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

Companies of Concern

This fund has no investments in issues of concern.

From the Fund Provider

  • About this fund

    About this Fund

    Fund type: Defensive fund

    Past Returns: 4.79%
    Average returns over the latest 3 years of data reported, after fees and taxes.
    Annual Fees: 0.4%
    Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

    In their own words

    To provide a diversified exposure to New Zealand fixed interest investments that meet certain ethical investment criteria.

    Value $113M NZD
    Period of data report 30th Sept. 2025
    Fund started 1st April 2020
    Total annual fund fees 0.4%
    Total performance based fees 0.0%
    Manager's basic fee 0.3%
    Other management and administration charges 0.1%
    Total other charges 0.0
    Total other charges currency NZD

    Key Personnel

    Fergus Mcdonald

    Currently: Head of Bonds and Currency, Nikko (25 years, 3 months)
    Previously: NZ Fixed Interest Manager, Nikko (10 years, 5 months)

    Ian Bellew

    Currently: Fixed Income Manager, Nikko (13 years, 9 months)
    Previously: Cash Portfolio Manager, Nikko (4 years, 10 months)

    Matthew Johnson

    Currently: Fixed Income Manager, Nikko (7 years, 0 months)
    Previously: Senior Strategy Analyst, The Comfort Group (2 years, 6 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

  • Past Returns

    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
    2025 3.87% 4.83%
    2024 3.43% 3.58%
    2023 -0.79% -0.32%
    2022 -2.46% -5.32%

    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 Sept. 2025.

  • Investments

    Top 10 Investments

    • NZGB 2.75% 15/04/2037

      New Zealand NZ Fixed Interest AAA

      12.11%

    • NZGB 4.25% 15/05/2034

      New Zealand NZ Fixed Interest AAA

      10.28%

    • NZGB 1.75% 15/05/2041

      New Zealand NZ Fixed Interest AAA

      9.3%

    • Housnz 2.183% 24/04/2030

      New Zealand NZ Fixed Interest AAA

      5.71%

    • Nzgv 4.5% 15/05/2035

      New Zealand NZ Fixed Interest AAA

      3.78%

    • Adb 2.125% 19/05/2031

      New Zealand NZ Fixed Interest AAA

      3.5%

    • Dctl 4.996% 10/10/33

      New Zealand NZ Fixed Interest AA-

      2.88%

    • Churc 4.823% 21/05/2032

      New Zealand NZ Fixed Interest AA-

      2.6%

    • Trgrop 3.532% 10/02/2026

      New Zealand NZ Fixed Interest AAA

      2.47%

    • Hounz 1.534% 10/09/2035

      New Zealand NZ Fixed Interest AAA

      2.46%
    Type Target Actual
    Cash and Cash Equivalents 0.0% -0.09%
    New Zealand Fixed Interest 100.0% 100.09%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025 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.

Issues of Concern

  • 0.0% Environmental Harm
  • 0.0% Fossil Fuels
  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Weapons

Companies of Concern

This fund has no investments in issues of concern.

About this Fund

Fund type: Defensive fund

Past Returns: 4.79%
Average returns over the latest 3 years of data reported, after fees and taxes.
Annual Fees: 0.4%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

To provide a diversified exposure to New Zealand fixed interest investments that meet certain ethical investment criteria.

Value $113M NZD
Period of data report 30th Sept. 2025
Fund started 1st April 2020
Total annual fund fees 0.4%
Total performance based fees 0.0%
Manager's basic fee 0.3%
Other management and administration charges 0.1%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Fergus Mcdonald

Currently: Head of Bonds and Currency, Nikko (25 years, 3 months)
Previously: NZ Fixed Interest Manager, Nikko (10 years, 5 months)

Ian Bellew

Currently: Fixed Income Manager, Nikko (13 years, 9 months)
Previously: Cash Portfolio Manager, Nikko (4 years, 10 months)

Matthew Johnson

Currently: Fixed Income Manager, Nikko (7 years, 0 months)
Previously: Senior Strategy Analyst, The Comfort Group (2 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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
2025 3.87% 4.83%
2024 3.43% 3.58%
2023 -0.79% -0.32%
2022 -2.46% -5.32%

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 Sept. 2025.

Top 10 Investments

  • NZGB 2.75% 15/04/2037

    New Zealand NZ Fixed Interest AAA

    12.11%

  • NZGB 4.25% 15/05/2034

    New Zealand NZ Fixed Interest AAA

    10.28%

  • NZGB 1.75% 15/05/2041

    New Zealand NZ Fixed Interest AAA

    9.3%

  • Housnz 2.183% 24/04/2030

    New Zealand NZ Fixed Interest AAA

    5.71%

  • Nzgv 4.5% 15/05/2035

    New Zealand NZ Fixed Interest AAA

    3.78%

  • Adb 2.125% 19/05/2031

    New Zealand NZ Fixed Interest AAA

    3.5%

  • Dctl 4.996% 10/10/33

    New Zealand NZ Fixed Interest AA-

    2.88%

  • Churc 4.823% 21/05/2032

    New Zealand NZ Fixed Interest AA-

    2.6%

  • Trgrop 3.532% 10/02/2026

    New Zealand NZ Fixed Interest AAA

    2.47%

  • Hounz 1.534% 10/09/2035

    New Zealand NZ Fixed Interest AAA

    2.46%
Type Target Actual
Cash and Cash Equivalents 0.0% -0.09%
New Zealand Fixed Interest 100.0% 100.09%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025 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.