The Mint Diversified Income Fund has been issued a “4 IP” rating, with a score of 3.52/5.
This Fund offers diversification by investing across a number of asset classes both in New Zealand and internationally. These include cash, fixed interest, listed property, and equites. The objective of the Fund is to deliver a total return (through a combination of income and capital growth) in excess of the Consumers Price Index (CPI) by 3% per annum, before fees, over the medium to long-term.
What is the Fund’s competitive advantage?
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https://platform.research-ip.com/funds/68285454
While the manager’s Fund Factsheet can be found on the Mint website.
Research IP says
Mint considers the Fund to be its lowest risk strategy and investors should expect returns and risk to sit between the risk profiles of the fixed interest and property asset classes.
Investors should consider the Fund as being predominantly Fixed Interest (and specifically NZ credit) focused, with a moderate exposure to international and New Zealand equities. Investors should expect the fund to utilise the cash allocation range to express its TAA views.
This Fund along with the Mint Diversified Growth Fund are designed to complement each other so the investor (preferably with advice) can increase their exposure to growth or income assets to suit their personal circumstances.
Research IP observes that the manager’s basic fee is marginally below sector peer relevant funds, while other fees disclosed by the manager are high.
Research IP notes that the Income Fund and in particular the newer Growth Fund have performed well relative to peers and in combination offer a useful tool for investors to build a Balanced strategy.
Research IP, 13 July 2020
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