Funds

Mercer Macquarie NZ Short Duration Fund

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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 30th Sept. 2023 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 $91.4M NZD
Period of data report 31st Dec. 2023
Fund started 28th Sept. 2007
Total annual fund fees 0.6%
Total performance based fees 0.0%
Manager's basic fee 0.55%
Other management and administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (0 years, 8 months)
Previously: Director - Mercer Investments (Australia) Limited (current) (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (14 years, 10 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (6 years, 2 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 (1 years, 7 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 (9 years, 9 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 Dec. 2023.

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
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%
2014 1.36% 2.15%

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 Dec. 2023.

Top 10 Investments

  • International Bank For Reconstruction and Development Corporate Bond 5.00% Maturing 22/06/26
    New Zealand NZ Fixed Interest AAA
    5.91%
  • Christchurch City Holdings Ltd Corporate Bond 3.58% Maturing 27/11/24
    New Zealand NZ Fixed Interest AA
    4.64%
  • Mufg Bank Limited Auckland Branch Frn 05/11/24
    New Zealand NZ Fixed Interest A
    4.61%
  • Latitude New Zealand Credit Card Master Trust Series 2021-1 Class A 22/08/33
    New Zealand NZ Fixed Interest
    3.52%
  • Kiwibank Ltd Corporate Bond 2.155% Maturing 20/09/24
    New Zealand NZ Fixed Interest
    3.21%
  • Toyota Finance New Zealand Frn 22/10/24
    New Zealand NZ Fixed Interest A+
    3.09%
  • Dunedin City Treasury Bond 3.61% Maturing 19/08/24
    New Zealand NZ Fixed Interest AA
    2.93%
  • ASB Bank Ltd Corporate Bond 1.83% Maturing 19/08/24
    New Zealand NZ Fixed Interest AA-
    2.89%
  • Rabobank Nederland Frn 16/06/25
    New Zealand NZ Fixed Interest A+
    2.82%
  • Asian Development Bank Corporate Bond 4.00% Maturing 27/05/27
    New Zealand NZ Fixed Interest AAA
    2.59%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.59%
New Zealand Fixed Interest 100.0% 98.34%
International Fixed Interest 0.0% 1.07%
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 31st Dec. 2023.