Funds

Mercer Responsible Hedged Global Fixed Interest Index Fund

Total Ethical Concerns: 1.68%

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

Companies of Concern

  • Animal Cruelty 0.45%

    • Unilever PLC
      0.07%
      0.07%
    • 0.05%
    • Arkema SA
      0.04%
      0.04%
    • International Flavors & Fragrances, Inc.
      0.04%
      0.04%
    • Jab Holding Company
      0.04%
      0.04%
    • Kering SA
      0.04%
      0.04%
    • 3M
      0.03%
      0.03%
    • Dupont De Nemours
      0.03%
      0.03%
    • The Sherwin-Williams Co.
      0.03%
      0.03%
    • JBS S.A.
      0.02%
      0.02%
    • Kimberly-Clark Corp.
      0.02%
      0.02%
    • Tyson Foods Inc
      0.02%
      0.02%
    • Nutrien Ltd.
      0.01%
      0.01%
  • Human Rights Violations 0.9%

    • Wells Fargo
      0.22%
      0.22%
    • UBS
      0.18%
      0.18%
    • General Motors
      0.14%
      0.14%
    • 0.07%
    • Nestlé
      0.07%
      0.07%
    • 0.06%
    • Holcim
      0.03%
      0.03%
  • Fossil Fuels 0.04%

    • National Grid PLC
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
  • Environmental Harm 0.42%

    • Coca-Cola
      0.12%
      0.12%
    • PepsiCo
      0.07%
      0.07%
    • Unilever PLC
      0.07%
      0.07%
    • 3M
      0.03%
      0.03%
    • 0.03%
    • Danone
      0.03%
      0.03%
    • 0.02%
    • JBS S.A.
      0.02%
      0.02%
    • Nutrien Ltd.
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    The fund is a passively managed international fixed interest portfolio that is designed to track the return of the Bloomberg Barclays MSCI Global Aggregate SRI Select ex-Fossil Fuels Index. The fund is managed to specific ‘sustainable investment’ criteria which aim to avoid investments in certain companies or activities, and encourage investment in companies with strong environmental, social and governance characteristics. This fund has additional exclusions applied as described in our Sustainable Investment Policy and has been certified by the Responsible Investment Association of Australasia (RIAA). The fund aims to provide a return that closely matches the return of Bloomberg Barclays MSCI Global Aggregate SRI Select ex-Fossil Fuels Index (100% hedged to NZD on an after-tax basis).

    Value $542M NZD
    Period of data report 31st March 2025
    Fund started 27th Nov. 2017
    Total annual fund fees 0.43%
    Total performance based fees 0.0%
    Manager's basic fee 0.35%
    Other management and administration charges 0.08%
    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% 2.36%
    2024 3.43% 2.02%
    2023 -0.79% -4.14%
    2022 -2.46% -3.44%
    2021 2.15% 0.58%
    2020 1.75% 3.98%
    2019 2.76% 3.05%

    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

    • Ishares Mbs ETF

      United States Int Fixed Interest

      12.87%
    • United States Treasury Bond 1.875% 28/02/2029

      United States Int Fixed Interest AA+

      0.45%
    • United States Treasury Bond 4.375% 15/07/2027

      United States Int Fixed Interest AA+

      0.4%
    • United States Treasury Bond 3.875% 30/11/2027

      United States Int Fixed Interest AA+

      0.39%
    • United States Treasury Bond 4.375% 15/08/2026

      United States Int Fixed Interest AA+

      0.39%
    • United States Treasury Bond 4.125% 15/02/2027

      United States Int Fixed Interest AA+

      0.39%
    • United States Treasury Bond 4.25% 31/01/2026

      United States Int Fixed Interest AA+

      0.39%
    • United States Treasury Bond 4.25% 15/03/2027

      United States Int Fixed Interest AA+

      0.39%
    • United States Treasury Bond 4.125% 31/03/2029

      United States Int Fixed Interest AA+

      0.39%
    • United States Treasury Bond 3.625% 31/03/2028

      United States Int Fixed Interest AA+

      0.39%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 0.93%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 100.0% 99.07%
    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 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

  • 0.45% Animal Cruelty
  • 0.9% Human Rights Violations
  • 0.0% Social Harm
  • 0.04% Fossil Fuels
  • 0.0% Weapons
  • 0.42% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Unilever PLC
      0.07%
      0.07%
    • 0.05%
    • Arkema SA
      0.04%
      0.04%
    • International Flavors & Fragrances, Inc.
      0.04%
      0.04%
    • Jab Holding Company
      0.04%
      0.04%
    • Kering SA
      0.04%
      0.04%
    • 3M
      0.03%
      0.03%
    • Dupont De Nemours
      0.03%
      0.03%
    • The Sherwin-Williams Co.
      0.03%
      0.03%
    • JBS S.A.
      0.02%
      0.02%
    • Kimberly-Clark Corp.
      0.02%
      0.02%
    • Tyson Foods Inc
      0.02%
      0.02%
    • Nutrien Ltd.
      0.01%
      0.01%
  • Human Rights Violations

    • Wells Fargo
      0.22%
      0.22%
    • UBS
      0.18%
      0.18%
    • General Motors
      0.14%
      0.14%
    • 0.07%
    • Nestlé
      0.07%
      0.07%
    • 0.06%
    • Holcim
      0.03%
      0.03%
  • Fossil Fuels

    • National Grid PLC
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
  • Environmental Harm

    • Coca-Cola
      0.12%
      0.12%
    • PepsiCo
      0.07%
      0.07%
    • Unilever PLC
      0.07%
      0.07%
    • 3M
      0.03%
      0.03%
    • 0.03%
    • Danone
      0.03%
      0.03%
    • 0.02%
    • JBS S.A.
      0.02%
      0.02%
    • Nutrien Ltd.
      0.01%
      0.01%

About this Fund

The fund is a passively managed international fixed interest portfolio that is designed to track the return of the Bloomberg Barclays MSCI Global Aggregate SRI Select ex-Fossil Fuels Index. The fund is managed to specific ‘sustainable investment’ criteria which aim to avoid investments in certain companies or activities, and encourage investment in companies with strong environmental, social and governance characteristics. This fund has additional exclusions applied as described in our Sustainable Investment Policy and has been certified by the Responsible Investment Association of Australasia (RIAA). The fund aims to provide a return that closely matches the return of Bloomberg Barclays MSCI Global Aggregate SRI Select ex-Fossil Fuels Index (100% hedged to NZD on an after-tax basis).

Value $542M NZD
Period of data report 31st March 2025
Fund started 27th Nov. 2017
Total annual fund fees 0.43%
Total performance based fees 0.0%
Manager's basic fee 0.35%
Other management and administration charges 0.08%
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% 2.36%
2024 3.43% 2.02%
2023 -0.79% -4.14%
2022 -2.46% -3.44%
2021 2.15% 0.58%
2020 1.75% 3.98%
2019 2.76% 3.05%

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

  • Ishares Mbs ETF

    United States Int Fixed Interest

    12.87%
  • United States Treasury Bond 1.875% 28/02/2029

    United States Int Fixed Interest AA+

    0.45%
  • United States Treasury Bond 4.375% 15/07/2027

    United States Int Fixed Interest AA+

    0.4%
  • United States Treasury Bond 3.875% 30/11/2027

    United States Int Fixed Interest AA+

    0.39%
  • United States Treasury Bond 4.375% 15/08/2026

    United States Int Fixed Interest AA+

    0.39%
  • United States Treasury Bond 4.125% 15/02/2027

    United States Int Fixed Interest AA+

    0.39%
  • United States Treasury Bond 4.25% 31/01/2026

    United States Int Fixed Interest AA+

    0.39%
  • United States Treasury Bond 4.25% 15/03/2027

    United States Int Fixed Interest AA+

    0.39%
  • United States Treasury Bond 4.125% 31/03/2029

    United States Int Fixed Interest AA+

    0.39%
  • United States Treasury Bond 3.625% 31/03/2028

    United States Int Fixed Interest AA+

    0.39%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.93%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 99.07%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.