Macquarie Global Income Opportunities Fund

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Fund type: Defensive fund

Past Returns: 0.12%

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

Annual Fees: 0.85%

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.


Fossil Fuel

Ampol Ltd Hybrid 3.5802 02-Dec-2081 Reg-S (Sub) 0.26%
Ampol Ltd Hybrid 3.7458 09-Dec-2080 Reg-S (Sub) 0.65%
Apt Pipelines Ltd 4.2 23-Mar-2025 Reg-S (Senior) 0.22%
BP Capital Markets America Inc 2.721 12-Jan-2032 (Senior Unsecured) 0.17%
Canacol Energy Ltd 5.75 24-Nov-2028 144A (Senior Unsecured) 0.04%
Energy Transfer Lp Perp 6.5 31-Dec-2049 (Junior Sub) 0.14%
Geopark Ltd 5.5 17-Jan-2027 144A (Senior Unsecured) 0.04%
Jefferies Group Llc 2.625 15-Oct-2031 (Senior Unsecured) 0.36%
Jefferies Group Llc 4.85 15-Jan-2027 (Senior) 0.22%
Oneok Inc 7.5 01-Sep-2023 (Senior) 0.77%
Santos Finance Ltd. 5.25 13-Mar-2029 Reg-S (Senior Unsecured) 0.36%

Weapons

Babcock International Group PLC 1.375 13-Sep-2027 Reg-S (Senior) 0.33%
Viasat Inc Tl-B 24-Feb-2029 0.04%

Tobacco

Schweitzer-Mauduit International I Tl-B 4.5 23-Feb-2028 0.04%
Whole Earth Brands Inc Tl 5.5 02-Feb-2026 0.04%

Gambling

Mgm Resorts International 4.75 15-Oct-2028 (Senior Unsecured) 0.13%

Adult Entertainment/Pornography

Mgm Resorts International 4.75 15-Oct-2028 (Senior Unsecured) 0.13%

Alcohol

Central America Bottling Corp 5.25 27-Apr-2029 144A (Senior Unsecured) 0.05%

Human Rights & Environmental Violations

Bank Hapoalim Bm T2 3.255 21-Jan-2032 Dual 144A|Reg-S (Sub) 0.05%
Duke Energy Corp 2.55 15-Jun-2031 (Senior Unsecured) 0.12%
Duke Energy Corp Hybrid-P 4.875 31-Dec-2049 (Junior Sub) 0.13%
Energy Transfer Lp Perp 6.5 31-Dec-2049 (Junior Sub) 0.14%
Pg&E Corporation 5.25 01-Jul-2030 (1St Lien) 0.14%
Pg&E Corporation Tl-B 3.45657 23-Jun-2025 0.03%

Animal Testing

Entegris Inc Tl-B 3.05 02-Mar-2029 0.08%

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 -2.19% -2.1%
2021 1.34% 1.44%
2020 1.00% 1.02%
2019 2.36% 1.54%
2018 1.94% 1.31%
2017 1.52% 1.73%
2016 2.91% 2.19%
2015 5.21% 3.53%
2014 1.36% 2.47%

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:

  • BNP Paribas SA - Maturing 14 Oct 27
    France Int Fixed Interest BBB+
    2.03%
  • Bpce SA - Maturing 30 Nov 27 - Maturing 25 Feb 35
    France Int Fixed Interest BBB
    1.95%
  • Ing Groep Nv - Maturing 11 Apr 28 - Maturing 25 Sep 35
    Netherlands Int Fixed Interest BBB
    1.85%
  • Abn Amro Bank Nv - Maturing 18 Jan 28 - Maturing 25 Aug 32
    Netherlands Int Fixed Interest BBB
    1.5%
  • Barclays PLC - Maturing 07 Feb 28 - Maturing 25 Jun 42
    United Kingdom Int Fixed Interest BBB
    1.02%
  • Deposit With Dbs Group Holdings Ltd - Maturing 16 Mar 28 Maturing 20 Sep 21
    Singapore Int Fixed Interest A
    1.01%
  • Deposit With Ontario (Province Of) - Maturing 08 Sep 24 Maturing 20 Sep 21
    Canada Int Fixed Interest AA-
    0.92%
  • Deposit With Commonwealth Bank Of Australia - Maturing 22 Apr 27 Maturing 20 Sep 21
    Australia Int Fixed Interest BBB+
    0.92%
  • Deposit With Commonwealth Bank Of Australia - Maturing 20 Aug 31 Maturing 20 Sep 21
    Australia Int Fixed Interest BBB+
    0.9%
  • Deposit With Transurban Queensland Finance Pty Ltd - Maturing 19 Apr 28 Maturing 20 Oct 20
    Australia Int Fixed Interest BBB
    0.88%

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 0.0% 0.2%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 99.8%
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%

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:
    0.13%
  • Alcohol:
    0.05%
  • Animal Testing:
    0.08%
  • Fossil Fuels:
    3.24%
  • Gambling:
    0.13%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.63%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.08%
  • Weapons:
    0.37%

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 of highly rated global fixed interest securities. At the total portfolio level the fund will have a shorter maturity than most traditional fixed interest funds, with an emphasis on minimising capital loss. Environmental, Social and Governance characteristics are integrated into the underlying investment manager’s investment process."

Value $18M NZD
Period of data report Thu March 31st 2022
Fund started Fri May 11th 2012
Total annual fund fees 0.85%
Total performance based fees 0.0%
Manager's basic fee 0.75%
Other management and administration charges 0.1%
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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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.