Macquarie Ethical Leaders Balanced Fund

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Mindful Fund

Fund type: Growth fund

Past Returns: 6.75%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.32%

Annual fees, including management and administration fees, but not membership fee.

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.


Gambling

Crown Resorts Ltd 0.04%
Vici Properties Inc 0.28%

Human Rights & Environmental Violations

Credit Suisse Group AG - 12/06/2024 0.02%
Nestle SA 0.53%

Animal Testing

Argentum Netherlands Bv For Zurich Insurance Co Ltd - 01/10/2046 0.01%
Axalta Coating Systems Ltd 0.13%
Dupont De Nemours Inc - 15/11/2028 0.01%
Ecolab Inc 0.27%
Glaxosmithkline Capital PLC - 12/05/2035 0.01%
Nestle SA 0.53%
Procter & Gamble Co/The 0.50%
Tesco PLC 0.18%
Unilever Finance Netherlands Bv - 12/02/2027 0.01%
Unilever PLC 0.25%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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.

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.

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
2022 1.53% 2.77%
2021 32.66% 22.8%
2020 -4.45% -5.31%
2019 6.15% 5.68%
2018 8.66% 5.53%
2017 7.20% 5.66%
2016 5.40% -0.12%
2015 12.09% 10.96%
2014 9.56% 8.18%
2013 13.67% 11.34%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Ril International Share Fund
    Australia International Equities
    36.33%
  • Ausbil ESG Focus Fund
    Antigua and Barbuda Australasian Equities
    10.89%
  • Ishares Mbs ETF
    United States Int Fixed Interest
    1.43%
  • New Zealand Government Bond - Maturing 20 Apr 29
    New Zealand NZ Fixed Interest AA+
    1.01%
  • Prologis Inc
    United States International Equities
    0.9%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    0.74%
  • Fisher & Paykel Healthcare Corp Ltd
    New Zealand Australasian Equities
    0.73%
  • New Zealand Government Bond - Maturing 15 May 31
    New Zealand NZ Fixed Interest AA+
    0.69%
  • Toyota Finance New Zealand Ltd - Maturing 30 May 22
    New Zealand NZ Fixed Interest A+
    0.67%
  • New Zealand Government Bond - Maturing 15 Apr 37
    New Zealand NZ Fixed Interest AA+
    0.65%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 9.5%
New Zealand Fixed Interest 12.5% 12.33%
International Fixed Interest 12.5% 11.25%
Australasian Equities 20.0% 18.48%
International Equities 35.0% 36.78%
Listed Properties 10.0% 11.66%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    1.98%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.32%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.57%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The fund is a diversified portfolio with a slightly higher allocation to a mix of growth assets (e.G., shares and listed property) relative to a mix of income assets (e.G., cash and fixed income). The fund takes a responsible investment approach and is managed to specific `responsible investment’ criteria which prohibit investments in certain companies or activities, and encourage investment in companies with strong environmental, social and governance characteristics. This fund is governed by the Ethical Leaders Charter and has been certified by the Responsible Investment Association of Australasia (RIAA). Macquarie is one of New Zealand’s largest investment managers. Our experience and leadership across global asset classes not only provides insights into ever-changing markets, but also means we are at the forefront of developing contemporary investment solutions for New Zealand clients."

Value $52M NZD
Period of data report Thu March 31st 2022
Fund started Tue Aug. 11th 2009
Total annual fund fees 1.32%
Total performance based fees 0.0%
Manager's basic fee 1.1%
Other management and administration charges 0.22%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Rebekah Swan

Currently: Head of New Zealand Public Investments, Macquarie Asset Management (NZ) Limited (0 years, 1 months)
Previously: Managing Director and Head of Client Services, AMP Capital Investors (New Zealand) Limited (1 years, 5 months)

Vicky Hyde-Smith

Currently: Associate Director, Macquarie Asset Management (NZ) Limited (0 years, 1 months)
Previously: Head of Fixed Income, AMP Capital Investors (New Zealand) Limited (5 years, 1 months)

Grant Hassell

Currently: Division Director, Macquarie Asset Management (NZ) Limited (0 years, 1 months)
Previously: Global Head of Fixed Income, AMP Capital Investors Limited (3 years, 4 months)

Michael Gray

Currently: Head of Investment Strategy (NZ), Macquarie Asset Management (NZ) Limited (0 years, 1 months)
Previously: Head of Investments NZ, AMP Capital Investors (New Zealand) Limited (1 years, 0 months)

Supriya Edwards

Currently: Investment Specialist, Macquarie Asset Management (NZ) Limited (0 years, 1 months)
Previously: Fixed Income Analyst, AMP Capital Investors (New Zealand) Limited (1 years, 7 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.