Funds
Mercer Macquarie NZ Short Duration Fund
Issues of concern
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.
This fund has no investments in issues of concern
Key:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
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 2024 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.
About this fund
In their own words
The fund is an actively managed portfolio of fixed interest securities. It is a low-risk investment product, focusing predominantly on corporate securities in the New Zealand and Australian market with a shorter average maturity than a standard fixed interest fund. 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 Swaps 1–3 Year Index on a rolling three-year basis.
| Value | $79.4M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 28th Sept. 2007 |
| Total annual fund fees | 0.63% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.55% |
| Other management and administration charges | 0.08% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Ross Butler |
Currently: Chair - Mercer (N.Z.) Ltd (1 years, 2 months) |
|
Martin Lewington |
Currently: CEO - Mercer (N.Z.) Ltd (15 years, 4 months) |
|
Kylie Willment |
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (6 years, 8 months) |
|
Padraig Brown |
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (2 years, 1 months) |
|
Robert Kavanagh |
Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (10 years, 3 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.
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 |
|---|---|---|
| 2024 | 3.59% | 3.77% |
| 2023 | -0.79% | 0.61% |
| 2022 | -2.46% | -2.2% |
| 2021 | 2.15% | 1.35% |
| 2020 | 1.75% | 1.93% |
| 2019 | 2.76% | 2.63% |
| 2018 | 1.94% | 2.34% |
| 2017 | 1.52% | 1.98% |
| 2016 | 2.91% | 3.71% |
| 2015 | 5.21% | 4.2% |
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 30th June 2024.
Top 10 Investments
-
Mufg Bank Ltd Auckland Branch Frn 05/11/24
New Zealand Cash and Equivalents A-5.31% -
New Zealand Local Government Funding Agency Bond 2.25% Maturing 15/05/28
New Zealand NZ Fixed Interest AAA3.78% -
Fonterra Co Operative Group Ltd Corporate Bond 5.08% Maturing 19/06/25
New Zealand NZ Fixed Interest A-3.53% -
Dunedin City Treasury Bond 3.61% Maturing 17/07/25
New Zealand NZ Fixed Interest AA3.39% -
Westpac New Zealand Frn 06/07/26
New Zealand NZ Fixed Interest AA-2.97% -
Rabobank Nederland Frn 16/03/26
New Zealand NZ Fixed Interest A+2.91% -
Vector Ltd Corporate Bond 1.575% Maturing 06/10/26
New Zealand NZ Fixed Interest BBB+2.89% -
Christchurch City Holdings Ltd Bond 3.58% Maturing 27/11/24
New Zealand NZ Fixed Interest AA2.88% -
Powerco Ltd Corporate Bond 4.67% Maturing 15/11/24
New Zealand NZ Fixed Interest BBB2.77% -
Bank Of New Zealand Frn 23/11/26
New Zealand NZ Fixed Interest AA-2.55%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.21% |
| New Zealand Fixed Interest | 100.0% | 96.24% |
| International Fixed Interest | 0.0% | 3.55% |
| 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 against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.