Funds
Mercer All Country Global Shares Index 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
- Exxon Mobil Corp 0.72%
- Chevron Corp 0.53%
- Shell PLC 0.35%
- Nextera Energy Inc 0.30%
- Conocophillips 0.26%
- BHP Group Ltd 0.24%
- Totalenergies Se 0.22%
- BP PLC 0.18%
- Reliance Industries 0.18%
- Duke Energy Corp 0.14%
- Enbridge Inc 0.14%
- Southern Co/The 0.14%
- Eog Resources Inc 0.12%
- Canadian Natural Resources Ltd 0.11%
- Dominion Energy Inc 0.11%
- Iberdrola SA 0.11%
- Marathon Petroleum Corp 0.11%
- Occidental Petroleum Corp 0.11%
- Glencore PLC 0.10%
- Pioneer Natural Resources Co 0.10%
- Sempra Energy 0.09%
- American Electric Power Co Inc 0.08%
- Cheniere Energy Inc 0.08%
- National Grid PLC 0.08%
- Phillips 66 0.08%
- Suncor Energy Inc 0.08%
- Tc Energy Corp 0.08%
- Valero Energy Corp 0.08%
- Anglo American PLC 0.07%
- Devon Energy Corp 0.07%
- Enel Spa 0.07%
- Kinder Morgan Inc 0.07%
- Mitsubishi Corp 0.07%
- Woodside Energy Group Ltd 0.07%
- Xcel Energy Inc 0.07%
- Consolidated Edison Inc 0.06%
- Constellation Energy Corp 0.06%
- Equinor Asa 0.06%
- Hess Corp 0.06%
- Mitsui & Co Ltd 0.06%
- Public Service Enterprise Group Inc 0.06%
- Wec Energy Group Inc 0.06%
- Williams Cos Inc/The 0.06%
- Dte Energy Co 0.05%
- Eni Spa 0.05%
- Itochu Corp 0.05%
- Oneok Inc 0.05%
- Rwe AG 0.05%
- Ameren Corp 0.04%
- Cenovus Energy Inc 0.04%
- Coterra Energy Inc 0.04%
- Diamondback Energy Inc 0.04%
- Engie SA 0.04%
- Entergy Corp 0.04%
- Franco-Nevada Corp 0.04%
- Lyondellbasell Industries Nv 0.04%
- Neste Oyj 0.04%
- Pg&E Corp 0.04%
- Ppl Corp 0.04%
- Aes Corp/The 0.03%
- Ck Hutchison Holdings Ltd 0.03%
- Clp Holdings Ltd 0.03%
- Cms Energy Corp 0.03%
- Edp - Energias De Portugal SA 0.03%
- Fortis Inc/Canada 0.03%
- Marathon Oil Corp 0.03%
- Marubeni Corp 0.03%
- Pembina Pipeline Corp 0.03%
- Repsol SA 0.03%
- Santos Ltd 0.03%
- Sumitomo Corp 0.03%
- Targa Resources Corp 0.03%
- Tourmaline Oil Corp 0.03%
- Aker BP Asa 0.02%
- Alliant Energy Corp 0.02%
- Apa Corp 0.02%
- Arc Resources Ltd 0.02%
- Arcelormittal SA 0.02%
- Atmos Energy Corp 0.02%
- Ck Asset Holdings Ltd 0.02%
- Emera Inc 0.02%
- Eneos Holdings Inc 0.02%
- Eqt Corp 0.02%
- Evergy Inc 0.02%
- Hong Kong & China Gas Co Ltd 0.02%
- Imperial Oil Ltd 0.02%
- Inpex Corp 0.02%
- Jardine Matheson Holdings Ltd 0.02%
- Keppel Corp Ltd 0.02%
- Loews Corp 0.02%
- Nippon Steel Corp 0.02%
- Nisource Inc 0.02%
- Nrg Energy Inc 0.02%
- Origin Energy Ltd 0.02%
- Power Assets Holdings Ltd 0.02%
- Snam Spa 0.02%
- South32 Ltd-Lon 0.02%
- Texas Pacific Land Corp 0.02%
- Ugi Corp 0.02%
- Vistra Corp 0.02%
- Algonquin Power & Utilities Corp 0.01%
- Apa Group 0.01%
- Ck Infrastructure Holdings Ltd 0.01%
- Delta Air Lines Inc 0.01%
- Endesa SA 0.01%
- Eqt Ab 0.01%
- Idemitsu Kosan Co Ltd 0.01%
- Kansai Electric Power Co Inc/The 0.01%
- Keyera Corp 0.01%
- Mitsui Osk Lines Ltd 0.01%
- Nippon Yusen Kk Temp 0.01%
- Northland Power Inc 0.01%
- Osaka Gas Co Ltd 0.01%
- Tokyo Gas Co Ltd 0.01%
Weapons
- Walmart Inc 0.38%
- Amphenol Corp 0.08%
- Transdigm Group Inc 0.06%
- Heico Corp-Class A 0.03%
- Teledyne Technologies Inc 0.03%
- Heico Corp 0.02%
- Howmet Aerospace Inc 0.02%
- Canadian Tire Corp Ltd 0.01%
- Icl Group Ltd 0.01%
- Mtu Aero Engines AG 0.01%
- Onex Corp 0.01%
- Rheinmetall AG 0.01%
Tobacco
- Alimentation Couche-Tard Inc 0.06%
Gambling
- Vici Properties Inc 0.05%
- Flutter Entertainment PLC 0.04%
- Aristocrat Leisure Ltd 0.03%
- Galaxy Entertainment Group Ltd 0.03%
- Las Vegas Sands Corp 0.03%
- Gaming and Leisure Properties Inc 0.02%
- Lottery Corp Ltd/The 0.02%
- Mgm Resorts International 0.02%
- Wynn Resorts Ltd 0.02%
- Caesars Entertainment Inc 0.01%
- Entain PLC 0.01%
Adult Entertainment/Pornography
- Mgm Resorts International 0.02%
- Caesars Entertainment Inc 0.01%
Alcohol
- Diageo PLC 0.18%
- Constellation Brands Inc 0.08%
- Pernod Ricard SA 0.08%
- Anheuser-Busch Inbev SA/Nv 0.07%
- Heineken Nv 0.05%
- Brown-Forman Corp 0.04%
- Asahi Group Holdings Ltd 0.03%
- Kirin Holdings Co Ltd 0.03%
- Carlsberg As 0.02%
- Heineken Holding Nv 0.02%
- Molson Coors Beverage Co 0.02%
Palm Oil
- Wilmar International Ltd 0.02%
GMOs
- Corteva Inc 0.08%
Human Rights & Environmental Violations
- Johnson & Johnson 0.82%
- Meta Platforms Inc 0.61%
- Nestle SA 0.59%
- Chevron Corp 0.53%
- Thermo Fisher Scientific Inc 0.40%
- Shell PLC 0.35%
- Wells Fargo & Co 0.29%
- BHP Group Ltd 0.24%
- Caterpillar Inc 0.17%
- Duke Energy Corp 0.14%
- Activision Blizzard Inc 0.11%
- Rio Tinto PLC 0.11%
- Glencore PLC 0.10%
- Bayer AG 0.09%
- Nutrien Ltd 0.09%
- Archer-Daniels-Midland Co 0.08%
- Corteva Inc 0.08%
- Freeport-Mcmoran Inc 0.08%
- Motorola Solutions Inc 0.08%
- Uber Technologies Inc 0.08%
- Basf Se 0.06%
- Barrick Gold Corp-Tse 0.05%
- Pg&E Corp 0.04%
- Rio Tinto Ltd 0.04%
- Bank Hapoalim Bm 0.02%
- Bank Leumi Le-Israel Bm 0.02%
- Credit Suisse Group AG 0.02%
- Fmc Corp 0.02%
- Nissan Chemical Corp 0.02%
- Teva Pharmaceutical Industries Ltd 0.02%
- Wilmar International Ltd 0.02%
- Mizrahi Tefahot Bank Ltd 0.01%
- Tokyo Electric Power Co Holdings Inc 0.01%
Animal Cruelty
- Exxon Mobil Corp 0.72%
- Procter & Gamble Co/The 0.60%
- Nestle SA 0.59%
- Chevron Corp 0.53%
- Coca-Cola Co/The 0.44%
- Pepsico Inc 0.44%
- Shell PLC 0.35%
- LVMH Moet Hennessy Louis Vuitton Se 0.32%
- Unilever PLC - EUR 0.20%
- Reliance Industries 0.18%
- L'Oreal SA 0.15%
- Mondelez International Inc 0.15%
- 3M Co 0.11%
- Air Liquide SA 0.11%
- Colgate-Palmolive Co 0.11%
- Estee Lauder Cos Inc/The 0.10%
- Sherwin-Williams Co/The 0.10%
- Bayer AG 0.09%
- Nutrien Ltd 0.09%
- Archer-Daniels-Midland Co 0.08%
- Constellation Brands Inc 0.08%
- Corteva Inc 0.08%
- General Mills Inc 0.08%
- Hermes International 0.08%
- Kimberly-Clark Corp 0.08%
- Daikin Industries Ltd 0.07%
- Ecolab Inc 0.07%
- Mitsubishi Corp 0.07%
- Albemarle Corp 0.06%
- Basf Se 0.06%
- Dow Inc 0.06%
- Dupont De Nemours Inc 0.06%
- Givaudan SA 0.06%
- Kering SA 0.06%
- Keurig Dr Pepper Inc 0.06%
- Koninklijke Ahold Delhaize Nv 0.06%
- Canon Inc 0.05%
- Danone SA 0.05%
- Eni Spa 0.05%
- International Flavors & Fragrances Inc 0.05%
- PPG Industries Inc 0.05%
- Church & Dwight Co Inc 0.04%
- Denso Corp 0.04%
- Kao Corp 0.04%
- Koninklijke Dsm Nv 0.04%
- Kraft Heinz Co/The 0.04%
- Lyondellbasell Industries Nv 0.04%
- Tesco PLC 0.04%
- Ajinomoto Co Inc 0.03%
- Asahi Group Holdings Ltd 0.03%
- Clorox Co/The 0.03%
- Entegris Inc 0.03%
- Fujifilm Holdings Corp 0.03%
- Hormel Foods Corp 0.03%
- Kellogg Co 0.03%
- Kerry Group PLC 0.03%
- Mosaic Co/The 0.03%
- Sgs SA 0.03%
- Shiseido Co Ltd 0.03%
- Symrise AG 0.03%
- Tyson Foods Inc 0.03%
- Aker BP Asa 0.02%
- Akzo Nobel Nv 0.02%
- Avantor Inc 0.02%
- Barry Callebaut AG 0.02%
- Beiersdorf AG 0.02%
- Campbell Soup Co 0.02%
- Celanese Corp 0.02%
- Croda International PLC 0.02%
- Eastman Chemical Co 0.02%
- Essity Ab 0.02%
- Fmc Corp 0.02%
- George Weston Ltd 0.02%
- Henkel AG & Co Kgaa Vorzug 0.02%
- Intertek Group PLC 0.02%
- Kikkoman Corp 0.02%
- Molson Coors Beverage Co 0.02%
- Moncler Spa 0.02%
- Nissan Chemical Corp 0.02%
- Novozymes A/S 0.02%
- Otsuka Holdings Co Ltd 0.02%
- Rentokil Initial PLC 0.02%
- Rpm International Inc 0.02%
- Unicharm Corp 0.02%
- Unilever PLC - Gbp 0.02%
- Wilmar International Ltd 0.02%
- Burberry Group PLC 0.01%
- Clariant AG 0.01%
- Dcc PLC 0.01%
- Ems-Chemie Holding AG 0.01%
- Groupe Bruxelles Lambert SA-Bru 0.01%
- Henkel AG & Co Kgaa 0.01%
- Icl Group Ltd 0.01%
- Idemitsu Kosan Co Ltd 0.01%
- Nippon Paint Holdings Co Ltd 0.01%
- Ricoh Co Ltd 0.01%
- Solvay SA 0.01%
- Umicore SA 0.01%
- Yara International Asa 0.01%
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 passively managed international shares portfolio that is designed to track the return of the MSCI All Country World ex Tobacco Index. The fund targets a position of being 69% gross hedged to the New Zealand dollar. The hedges are based on the currency components of the underlying index.
| Value | $63M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 27th Nov. 2017 |
| Total annual fund fees | 0.43% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.3% |
| Other management and administration charges | 0.13% |
| 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 | 0.03% | |
| Alcohol | 0.65% | |
| Animal Cruelty | 8.22% | |
| Fossil Fuels | 7.79% | |
| Gambling | 0.29% | |
| GMOs | 0.08% | |
| Human Rights & Environmental Violations | 5.41% | |
| Palm Oil | 0.02% | |
| Tobacco | 0.06% | |
| Weapons | 0.71% |
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 | 3.19% | 6.59% |
| 2021 | 36.07% | 37.32% |
| 2020 | -7.33% | -6.01% |
| 2019 | 10.16% | 5.43% |
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
-
AMP Emerging Markets Index Fund Prvt
Australia International Equities11.56% -
Alphabet Inc Class A
United States International Equities0.92% -
Alphabet Inc Class C
United States International Equities0.85% -
Exxon Mobil Corp
United States International Equities0.8% -
Berkshire Hathaway Inc Class B
United States International Equities0.7% -
Procter & Gamble
United States International Equities0.63% -
Nvidia Corp
United States International Equities0.62% -
Visa Inc Class A
United States International Equities0.58% -
Chevron Corp
United States International Equities0.58% -
Tesla Inc
United States International Equities0.56%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 3.35% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 1.98% |
| International Equities | 100.0% | 94.67% |
| 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.