Funds
Mercer Macquarie Global Income Opportunities 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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Oneok Inc 7.5 01-Sep-2023 (Senior) 1.00%
- Ampol Ltd Hybrid 6.2099 09-Dec-2080 Reg-S (Sub) 0.75%
- Santos Finance Ltd. 5.25 13-Mar-2029 Reg-S (Senior Unsecured) 0.43%
- Cheung Kong Infrastructure Finance 1.0 12-Dec-2024 Reg-S (Senior) 0.42%
- Ck Hutchison Europe Finance 21 Ltd 0.75 02-Nov-2029 Reg-S (Senior Unsecured) 0.38%
- Vistra Operations Company Llc 4.3 15-Jul-2029 144A (1St Lien) 0.33%
- Ampol Ltd Hybrid 6.241 02-Dec-2081 Reg-S (Sub) 0.30%
- Totalenergies Se Hybrid-P 2.708 31-Dec-2049 Reg-S (Junior Sub) 0.30%
- Southern Company (The) Hybrid 1.875 15-Sep-2081 (Junior Sub) 0.21%
- Southern Company Gas Capital Corpo 5.15 15-Sep-2032 (Senior Unsecured) 0.21%
- BP Capital Markets America Inc 2.721 12-Jan-2032 (Senior Unsecured) 0.19%
- Energy Transfer Lp Perp 6.5 31-Dec-2049 (Junior Sub) 0.17%
- Valero Energy Corporation 3.65 01-Dec-2051 (Senior Unsecured) 0.16%
- Duke Energy Corp 2.55 15-Jun-2031 (Senior Unsecured) 0.14%
- Delta Air Lines Inc 7.0 01-May-2025 144A (1St Lien) 0.13%
- Galaxy Pipeline Assets Bidco Ltd 2.16 31-Mar-2034 144A (Secured) 0.11%
- Infraestructura Energetica Nova SA 3.75 14-Jan-2028 144A (Senior) 0.05%
- Canacol Energy Ltd 5.75 24-Nov-2028 144A (Senior Unsecured) 0.04%
- Geopark Ltd 5.5 17-Jan-2027 144A (Senior Unsecured) 0.04%
- Thaioil Treasury Center Co Ltd 2.5 18-Jun-2030 144A (Senior) 0.03%
- Vistra Operations (Tex Operations) Tl-B3 31-Dec-2025 0.02%
Weapons
- Babcock International Group PLC 1.375 13-Sep-2027 Reg-S (Senior) 0.34%
- Spirit Aerosystems Inc Tl-B 6.93571 15-Jan-2025 0.03%
- Viasat Inc Tl-B 24-Feb-2029 0.03%
Gambling
- Vici Properties Lp 4.95 15-Feb-2030 (Senior Unsecured) 0.37%
- Scientific Games Corp Tl-B 5.98 14-Apr-2029 0.02%
- Penn National Gaming Inc Tl-B 20-Apr-2029 0.01%
Alcohol
- Central America Bottling Corp 5.25 27-Apr-2029 144A (Senior Unsecured) 0.04%
Human Rights & Environmental Violations
- Wells Fargo & Company 4.808 25-Jul-2028 (Senior Unsecured) 0.20%
- Energy Transfer Lp Perp 6.5 31-Dec-2049 (Junior Sub) 0.17%
- Bunge Limited Finance Corporation 2.75 14-May-2031 (Senior Unsecured) 0.15%
- Duke Energy Corp 2.55 15-Jun-2031 (Senior Unsecured) 0.14%
- Bank Hapoalim Bm T2 3.255 21-Jan-2032 Dual 144A|Reg-S (Sub) 0.05%
- Pg&E Corporation Tl-B 6.084 23-Jun-2025 0.02%
Animal Cruelty
- PPG Industries Inc 2.75 01-Jun-2029 (Senior Unsecured) 0.32%
- Celanese US Holdings Llc 6.165 15-Jul-2027 (Senior Unsecured) 0.20%
- Celanese US Holdings Llc 6.05 15-Mar-2025 (Senior Unsecured) 0.10%
- Entegris Inc Tl-B 02-Mar-2029 0.06%
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. 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.
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 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 | $15M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 11th May 2012 |
| Total annual fund fees | 0.9% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.75% |
| Other management and administration charges | 0.15% |
| 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, 10 months) |
|
Vicky Hyde-Smith |
Currently: Associate Director, Macquarie Asset Management (NZ) Limited (0 years, 10 months) |
|
Grant Hassell |
Currently: Chair, Macquarie Asset Management (NZ) Limited (0 years, 10 months) |
|
Michael Gray |
Currently: Head of Investment Strategy (NZ), Macquarie Asset Management (NZ) Limited (0 years, 10 months) |
|
Supriya Edwards |
Currently: Investment Specialist, Macquarie Asset Management (NZ) Limited (0 years, 10 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.04% | |
| Animal Cruelty | 0.68% | |
| Fossil Fuels | 5.40% | |
| Gambling | 0.40% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 0.74% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.40% |
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. 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 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.
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 |
|---|---|---|
| 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 31st Dec. 2022.
Top 10 Investments
-
Ing Groep Nv Mtn Regs (Mat 11/4/28)
Netherlands Int Fixed Interest BBB2.04% -
Abn Amro Bank Nv Mtn Regs (Mat 18/1/28)
Netherlands Int Fixed Interest BBB-1.81% -
Barclays PLC Mtn Regs (Mat 7/2/28)
United Kingdom Int Fixed Interest BB+1.16% -
National Australia Bank Ltd Mtn (Mat 3/8/32)
Australia Int Fixed Interest BBB+1.12% -
Dbs Group Holdings Ltd Mtn Regs (Mat 11/4/28)
Singapore Int Fixed Interest0.94% -
Transurban Queensland Finance Pty Mtn Regs (Mat 19/4/28)
Australia Int Fixed Interest BBB0.92% -
Goldman Sachs Group Inc/The Mtn Regs (Mat 30/4/24)
United States Int Fixed Interest BBB+0.91% -
Commonwealth Bank Of Australia (Mat 20/8/31)
Australia Int Fixed Interest BBB+0.83% -
Bartn 19-1-Ab Ab (Mat 17/11/51)
Australia Int Fixed Interest AAA0.79% -
Suncorp Group Ltd Mtn Regs (Mat 5/12/28)
Australia Int Fixed Interest A-0.71%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 11.17% |
| New Zealand Fixed Interest | 0.0% | 0.13% |
| International Fixed Interest | 100.0% | 88.7% |
| 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. 2022.