Macquarie Ethical Leaders Hedged Global Fixed Interest Index Fund

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Fund type: Defensive fund

Past Returns: 0.36%

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.


Palm Oil

Cargill Inc - 02/02/2026 0.04%

Human Rights & Environmental Violations

Cargill Inc - 02/02/2026 0.04%
Credit Suisse Group AG - 12/06/2024 0.22%
Johnson & Johnson - 03/03/2037 0.04%
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 0.10%
Cargill Inc - 02/02/2026 0.04%
Coca-Cola Co/The - 01/06/2030 0.08%
Dow Chemical Co/The - 15/11/2042 0.04%
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%
Hp Inc - 17/06/2031 0.02%
Johnson & Johnson - 03/03/2037 0.04%
Kimberly-Clark Corp - 01/11/2028 0.05%
Koninklijke Dsm Nv - 23/06/2032 0.08%
Mondelez International Inc - 13/04/2030 0.02%
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 0.02%
Unilever Finance Netherlands Bv - 12/02/2027 0.09%

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% -3.44%
2021 1.34% 0.58%
2020 1.00% 3.93%
2019 2.36% 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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Ishares Mbs ETF
    United States Int Fixed Interest
    12.75%
  • United States Treasury Note/Bond - Maturing 15 Mar 24
    United States Int Fixed Interest AA+
    1.22%
  • Japan Government Twenty Year Bond - Maturing 20 Sep 36
    Japan Int Fixed Interest A
    1.05%
  • United States Treasury Note/Bond - Maturing 15 May 24
    United States Int Fixed Interest AA+
    0.86%
  • United States Treasury Note/Bond - Maturing 31 Jan 24
    United States Int Fixed Interest AA+
    0.85%
  • United States Treasury Note/Bond - Maturing 31 Oct 23
    United States Int Fixed Interest AA+
    0.85%
  • United States Treasury Note/Bond - Maturing 31 Dec 24
    United States Int Fixed Interest AA+
    0.84%
  • United States Treasury 150524 0.25 Gb - Maturing 15 May 24
    United States Int Fixed Interest AA+
    0.81%
  • United States Treasury Note/Bond - Maturing 31 Aug 25
    United States Int Fixed Interest AA+
    0.79%
  • Italy Buoni Poliennali Del Tesoro - Maturing 15 May 24
    Italy Int Fixed Interest BBB-
    0.73%

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% 0.0%
New Zealand Fixed Interest 0.0% 0.18%
International Fixed Interest 100.0% 99.82%
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:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    1.07%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.35%
  • 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 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 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 fully hedged to New Zealand dollars. The fund is governed by the Ethical Leaders Charter (available at macquaireim.Com/nz/ethicalcharter) and is managed to specific ‘responsible investment’ criteria which prohibits investments in certain companies or activities, and encourages investment in companies with strong environmental, social and governance characteristics."

Value $170M NZD
Period of data report Thu March 31st 2022
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: 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.