Managed Green Bond Fund

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Winner of Mindful Money's Best Ethical New Fund 2023

Exclusively invested in bonds allocated to green purposes

Purposes include clean transportation, clean water access, increasing resilience to extreme weather events and renewable energy supply networks. A great option if you want a Fund aiming for above average bond market returns over a 3+ year period.
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Return focus:

Low to Medium

Average annual return:

3.3% p.a. since inception January 2023

Minimum suggested time frame:

3+ years

Risk focus:

Lower

Estimated fund fees:

0.6%

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What we don’t invest in:

We seek to avoid investments that disrespect people, our planet and animals (some examples below).  Note that we may still hold these investments in limited situations.  Please hover over any ? icons for more details or read our Ethical Investment Policy.

  • Factory Farming

  • Fossil Fuel?

    We permit investments in companies that do not derive more than 5% of identifiable revenue from the exploration, extractive, conversion (with respect to thermal coal) or distribution (except by rail) of fossil fuels. See our Ethical Investment Policy for more details.

  • Alcohol?

    We allow investments in companies that do not derive more than 5% of identifiable revenue from alcohol beverage production, processing, manufacture, or sales. See our Ethical Investment Policy for more details.

  • Palm Oil & GMOs?

    We permit investments in companies that derive no more than 5% of identifiable revenue from the commercialised production and sale of GMOs, or no more than 5% of revenue from the sale of palm oil and palm oil products. See our Ethical Investment Policy for more details.

  • Weapons?

    We permit investment in companies that derive no more than 5% of identifiable income from the production and distribution of conventional weapons and their components. We allow investments in companies that earn no more than 50% of identifiable income from non-weapons related services or products to the military. See our Ethical Investment Policy for more details.

  • Adult Entertainment?

    We permit investments in companies that derive no more than 5% of identifiable revenue from the production or distribution of adult entertainment material. See our Ethical Investment Policy for more details.

  • Tobacco?

    We allow investments in companies that do not derive more than 10% of identifiable revenue from the sale of tobacco related products and services. See our Ethical Investment Policy for more details.

  • Gambling?

    We will allow investments in companies that derive no more than 5% of identifiable revenue from owning or operating gambling establishments. See our Ethical Investment Policy for more details.

  • Animal Testing?

    Animal testing is a complex area for investing. See our Ethical Investing Policy for details of our approach. We can (and do) in exceptional circumstances permit investment in a company connected with animal testing - such exceptions are approved on a case-by-case basis by the Ethics and Investment Committee. Contact us for further details.

Returns

-0.2%

1 month

3.7%

1 year

-

3 years

3.3%

p.a. since inception*

Past performance is no guarantee of future returns. We encourage all investors to seek independent financial advice prior to making investment decisions.

Performance figures as of 31/01/2024, and are after fees before tax

Risk Level

This fund is suited to investors with a medium-high tolerance to risk and a minimum timeframe of 3+ years.

Lower Risk

Potentially Lower Returns

1
2
3
4
5
6
7

Higher Risk

Potentially Higher Returns

The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the Fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. This risk indicator is not a guarantee of a fund’s future performance. As the fund does not have a five year history, the risk indicator was prepared using the relevant market index returns (when the fund was not in existence) and the fund's returns since then. As a result, the risk indicator may provide a less reliable indicator of the potential future volatility of the fund.

Investor Notes

Ethical Approach

The Green Bond Fund invests in fixed income securities that have been classified by MetLife Investment Management (our sub-investment manager) as Green Bonds. Green Bonds are a type of financing where the money borrowed is used for a specific project targeting climate and environmental solutions.

Diversification

A diversified selection of global companies that score highly on environmental, social and governance ratings.

Target Investment

International Fixed Interest 100%

Holdings

The Fund will invest in a global portfolio of predominantly bonds, other fixed or floating rate debt securities and debt securities issued by sovereign, government-related corporate or supranational entities.

Asset Class

International Fixed Interest

Fees

Annual Management Fee: 0.6%

Investment Horizon

3+ years

Benchmark

Bloomberg Global Aggregate Index hedged to New Zealand dollar (gross of dividends, 100% hedged to NZD)

Current Hedging Target

100%

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