Funds

Mercer Macquarie NZ Fixed Interest Fund

Total Ethical Concerns: 1.39%

The average total concerns of all managed defensive funds is 1.99%.

Companies of Concern

  • Environmental Harm 1.39%

    • Fonterra
      1.39%
      1.39%

From the Fund Provider

  • About this fund

    About this Fund

    The fund is an actively managed portfolio of fixed interest securities. It is a medium risk investment product, focusing predominantly on government bonds and corporate securities in the New Zealand market. Environmental, Social and Governance characteristics are integrated into our investment process. The fund aims to provide a Gross Return above the return of the Bloomberg NZBond Composite 0+ Yr Index on a rolling three-year basis.

    Value $234M NZD
    Period of data report 31st March 2025
    Fund started 5th June 1995
    Total annual fund fees 0.59%
    Total performance based fees 0.0%
    Manager's basic fee 0.55%
    Other management and administration charges 0.04%
    Total other charges 0.0
    Total other charges currency NZD

    Ross Butler

    Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
    Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

    Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (16 years, 1 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

    Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 5 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

    Padraig Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (2 years, 10 months)
    Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

    Robert Kavanagh

    Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (11 years, 0 months)
    Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 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% 4.35%
    2024 3.43% 2.59%
    2023 -0.79% -0.93%
    2022 -2.46% -4.76%
    2021 2.15% -0.23%
    2020 1.75% 2.94%
    2019 2.76% 4.67%
    2018 1.94% 3.17%
    2017 1.52% 1.22%
    2016 2.91% 4.22%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • New Zealand Government Bond 3.00% Maturing 20/04/2029

      New Zealand NZ Fixed Interest AAA

      10.56%
    • New Zealand Government Bond 3.50% Maturing 14/04/2033

      New Zealand NZ Fixed Interest AAA

      7.65%
    • New Zealand Government Bond 4.50% Maturing 15/05/2035

      New Zealand NZ Fixed Interest AAA

      6.21%
    • New Zealand Government Bond 4.50% Maturing 15/05/2030

      New Zealand NZ Fixed Interest AAA

      5.14%
    • New Zealand Government Bond 4.50% Maturing 15/04/2027

      New Zealand NZ Fixed Interest AAA

      5.07%
    • New Zealand Government Bond 1.50% Maturing 15/05/2031

      New Zealand NZ Fixed Interest AAA

      5.02%
    • New Zealand Government Bond 0.25% Maturing 15/05/2028

      New Zealand NZ Fixed Interest AAA

      4.68%
    • New Zealand Government Bond 2.00% Maturing 15/05/2032

      New Zealand NZ Fixed Interest AAA

      3.58%
    • New Zealand Government Bond 4.25% Maturing 15/05/2034

      New Zealand NZ Fixed Interest AAA

      3.47%
    • New Zealand Government Bond 4.25% Maturing 15/05/2036

      New Zealand NZ Fixed Interest AAA

      3.28%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 1.05%
    New Zealand Fixed Interest 100.0% 98.95%
    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 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 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% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Fossil Fuels
  • 0.0% Weapons
  • 1.39% Environmental Harm

Companies of Concern

  • Environmental Harm

    • Fonterra
      1.39%
      1.39%

About this Fund

The fund is an actively managed portfolio of fixed interest securities. It is a medium risk investment product, focusing predominantly on government bonds and corporate securities in the New Zealand market. Environmental, Social and Governance characteristics are integrated into our investment process. The fund aims to provide a Gross Return above the return of the Bloomberg NZBond Composite 0+ Yr Index on a rolling three-year basis.

Value $234M NZD
Period of data report 31st March 2025
Fund started 5th June 1995
Total annual fund fees 0.59%
Total performance based fees 0.0%
Manager's basic fee 0.55%
Other management and administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (16 years, 1 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 5 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Padraig Brown

Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (2 years, 10 months)
Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

Robert Kavanagh

Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (11 years, 0 months)
Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 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% 4.35%
2024 3.43% 2.59%
2023 -0.79% -0.93%
2022 -2.46% -4.76%
2021 2.15% -0.23%
2020 1.75% 2.94%
2019 2.76% 4.67%
2018 1.94% 3.17%
2017 1.52% 1.22%
2016 2.91% 4.22%

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 31st March 2025.

Top 10 Investments

  • New Zealand Government Bond 3.00% Maturing 20/04/2029

    New Zealand NZ Fixed Interest AAA

    10.56%
  • New Zealand Government Bond 3.50% Maturing 14/04/2033

    New Zealand NZ Fixed Interest AAA

    7.65%
  • New Zealand Government Bond 4.50% Maturing 15/05/2035

    New Zealand NZ Fixed Interest AAA

    6.21%
  • New Zealand Government Bond 4.50% Maturing 15/05/2030

    New Zealand NZ Fixed Interest AAA

    5.14%
  • New Zealand Government Bond 4.50% Maturing 15/04/2027

    New Zealand NZ Fixed Interest AAA

    5.07%
  • New Zealand Government Bond 1.50% Maturing 15/05/2031

    New Zealand NZ Fixed Interest AAA

    5.02%
  • New Zealand Government Bond 0.25% Maturing 15/05/2028

    New Zealand NZ Fixed Interest AAA

    4.68%
  • New Zealand Government Bond 2.00% Maturing 15/05/2032

    New Zealand NZ Fixed Interest AAA

    3.58%
  • New Zealand Government Bond 4.25% Maturing 15/05/2034

    New Zealand NZ Fixed Interest AAA

    3.47%
  • New Zealand Government Bond 4.25% Maturing 15/05/2036

    New Zealand NZ Fixed Interest AAA

    3.28%
Type Target Actual
Cash and Cash Equivalents 0.0% 1.05%
New Zealand Fixed Interest 100.0% 98.95%
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 31st March 2025.