Suitable for investors with an investment time horizon of at least 4 years before seeking to spend large amounts of their portfolio. This portfolio has an emphasis on capital preservation and should suit investors able to accept a small amount of volatility.
Top Holdings as at 1 April 2020
|Asset||COUNTRY OF ORIGIN||ASSET TYPE||ALLOCATION|
|NZ Core Equity Trust||New Zealand||Australasian equities||11.0%|
|Dimensional Australian Sustainability Trust||Australia||Australasian equities||3.4%|
|Dimensional Global Sustainability Trust (NZD)||Australia||International
|Vanguard Ethically Conscious International Shares Index Fund||Australia||International
|iShares Emerging Markets IMI Equity Index Fund||Australia||International
|Harbour NZ Corporate Bond Fund||New Zealand||New Zealand
|Dimensional Global Bond Sustainability Trust (NZD)||Australia||International
|Vanguard Ethically Conscious Global Aggregate Bond Index Fund (NZD)||Australia||International
|Cash||Australia & New Zealand||Cash and Cash Equivalents||2.0%|
The investment objective of the portfolio is to utilise socially responsible funds (where available) to outperform the respective index portfolio as defined by the benchmarks below. Performance is evaluated on a gross basis (before tax, fees and other expenses have been taken into account) over the period of the minimum time horizon for which the portfolio is stated as being suitable.
As at 1 April 2020, the following benchmarks are used when reviewing underlying returns of asset classes and measuring performance for the above portfolios. Note these are subject to change without notice as more appropriate benchmarks become available. When reviewing the performance of underlying investments other benchmarks may be used that more closely approximate the objective of the investment.
|ASSET CLASS||INDEX||SRI 30/70|
|Australasian Equities||S&P/NZX 50 Index (Gross)||11.0%|
|S&P/ASX 200 Index (Total Return)||3.4%|
|International Equities||MSCI World ex Australia Index (hedged to NZD, net div)||6.6%|
|MSCI World ex Australia Index (net div.)||7.7%|
|MSCI Emerging Markets Index (net div.)||1.3%|
|New Zealand Fixed Interest||S&P/NZX A-Grade Corporate Bond Index||21.0%|
|International Fixed Interest||FTSE World Government Bond Index 1-5 Years (hedged to NZD)||47.0%|
|Cash and cash equivalents||New Zealand One-Month Bank Bill Yields Index||2.0%|
*Cash is in an on call facility held by ANZ Bank New Zealand Ltd. ANZ Bank has a Standard & Poors short term rating of A-1+. This indicates that ANZ Bank’s capacity to meet its financial commitment on these obligations is extremely strong.