Macquarie Ethical Leaders Hedged Global Fixed Interest Index Fund

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Fund type: Defensive fund

Past Returns: 2.52%

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

Annual Fees: 0.41%

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

Coca-Cola Co/The - 01/06/2030 0.08%
Coca-Cola Co/The - 05/05/2041 0.02%

Palm Oil

Cargill Inc - 02/02/2026 0.04%

Human Rights & Environmental Violations

Cargill Inc - 02/02/2026 0.04%
Johnson & Johnson - 03/03/2037 0.05%
Nestle Finance International Ltd - 02/11/2037 0.05%

Animal Testing

Archer-Daniels-Midland Co - 27/03/2030 0.04%
Argentum Netherlands Bv For Zurich Insurance Co Ltd - 01/10/2046 0.11%
Cargill Inc - 02/02/2026 0.04%
Coca-Cola Co/The - 01/06/2030 0.08%
Coca-Cola Co/The - 05/05/2041 0.02%
Dow Chemical Co/The - 15/11/2042 0.05%
Dupont De Nemours Inc - 15/11/2028 0.09%
General Mills Inc - 17/10/2023 0.06%
Glaxosmithkline Capital PLC - 12/05/2035 0.10%
Johnson & Johnson - 03/03/2037 0.05%
Kimberly-Clark Corp - 01/11/2028 0.05%
Koninklijke Dsm Nv - 23/06/2032 0.09%
Mondelez International Inc - 13/04/2030 0.04%
Nestle Finance International Ltd - 02/11/2037 0.05%
Nutrien Ltd - 01/04/2049 0.05%
Pepsico Inc - 15/10/2027 0.09%
Procter & Gamble Co/The - 25/03/2040 0.05%
Unilever Finance Netherlands Bv - 12/02/2027 0.10%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Sept. 30th 2021 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
2021 1.23% 0.58%
2020 0.88% 3.93%
2019 2.43% 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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Ishares Mbs ETF
    United States Int Fixed Interest
    13.13%
  • United States Treasury Note/Bond - Maturing 15 Mar 24
    United States Int Fixed Interest AA+
    1.2%
  • Japan Government Twenty Year Bond - Maturing 20 Sep 36
    Japan Int Fixed Interest A
    1.09%
  • Japan Government Five Year Bond - Maturing 20 Dec 24
    Japan Int Fixed Interest A
    0.85%
  • United States Treasury Note/Bond - Maturing 31 Jul 23
    United States Int Fixed Interest AA+
    0.85%
  • United States Treasury Note/Bond - Maturing 15 May 24
    United States Int Fixed Interest AA+
    0.85%
  • United States Treasury Note/Bond - Maturing 31 Jan 24
    United States Int Fixed Interest AA+
    0.84%
  • United States Treasury Note/Bond - Maturing 31 Dec 24
    United States Int Fixed Interest AA+
    0.83%
  • United States Treasury Note/Bond - Maturing 31 Oct 23
    United States Int Fixed Interest AA+
    0.83%
  • United States Treasury Note/Bond - Maturing 28 Feb 23
    United States Int Fixed Interest AA+
    0.83%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Dec. 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 1.06%
New Zealand Fixed Interest 0.0% 0.18%
International Fixed Interest 100.0% 98.76%
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 Fri Dec. 31st 2021.

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:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    1.15%
  • Fossil Fuels:
    0.10%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.14%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Sept. 30th 2021 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 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 ‘responsible investment’ criteria which prohibit investments in certain companies or activities and encourage investment in companies with strong environmental social and governance characteristics. This fund is governed by an ethical charter (available at www.Ampcapital.Com/ethicalcharter) and has been certified by the Responsible Investment Association of Australasia (RIAA)."

Value $180M NZD
Period of data report Fri Dec. 31st 2021
Fund started Mon Nov. 27th 2017
Total annual fund fees 0.41%
Total performance based fees 0.0%
Manager's basic fee 0.35%
Other management and administration charges 0.06%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Rebekah Swan

Currently: Managing Director and Head of Client Services AMP Capital Investors (New Zealand) Limited (1 years, 2 months)
Previously: ESG Investment Specialist NZ and Head of Product AMP Capital Investors (New Zealand) Limited (1 years, 8 months)

Vicky Hyde-Smith

Currently: Head of Fixed Income AMP Capital Investors (New Zealand) Limited (4 years, 10 months)
Previously: Co-Head of Fixed Income AMP Capital Investors (New Zealand) Limited (0 years, 10 months)

Grant Hassell

Currently: Global Head of Fixed Income AMP Capital Investors Limited (3 years, 1 months)
Previously: Managing Director AMP Capital Investors (New Zealand) Limited (3 years, 8 months)

Michael Gray

Currently: Head of Investments NZ AMP Capital Investors (New Zealand) Limited (0 years, 9 months)
Previously: Founder of MJ Gray Consulting Limited (0 years, 6 months)

Trent Loi

Currently: Portfolio Manager Market Solutions AMP Capital Investors Limited (8 years, 1 months)
Previously: Senior Analyst AMP Capital Investors Limited (1 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

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.