Funds

Mercer All Country Global Shares Index Fund

Total Ethical Concerns: 16.74%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

  • Animal Cruelty 4.56%

    • Exxon Mobil Corp.
      0.67%
      !!
      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
      0.67%
    • 0.53%
    • Chevron Corp.
      0.38%
      !!
      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
      0.38%
    • Shell
      0.30%
      !!
      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
      0.30%
    • Unilever PLC
      0.22%
      0.22%
    • Air Liquide
      0.14%
      0.14%
    • Reliance Industries Ltd.
      0.14%
      !!
      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
      0.14%
    • 3M
      0.11%
      0.11%
    • Hermès International Sca
      0.11%
      0.11%
    • L'Oréal SA
      0.11%
      0.11%
    • The Sherwin-Williams Co.
      0.11%
      0.11%
    • Colgate-Palmolive Co.
      0.09%
      0.09%
    • Ecolab, Inc.
      0.09%
      0.09%
    • Kimberly-Clark Corp.
      0.07%
      0.07%
    • Corteva, Inc.
      0.06%
      0.06%
    • Shin-Etsu Chemical Co., Ltd.
      0.06%
      0.06%
    • Basf Se
      0.05%
      0.05%
    • Eni Spa
      0.05%
      !!
      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
      0.05%
    • Givaudan SA
      0.05%
      0.05%
    • Dupont De Nemours
      0.04%
      0.04%
    • Koninklijke Ahold Delhaize Nv
      0.04%
      0.04%
    • PPG Industries, Inc.
      0.04%
      0.04%
    • Bayer
      0.03%
      0.03%
    • Church & Dwight Co., Inc.
      0.03%
      0.03%
    • Dow, Inc.
      0.03%
      0.03%
    • Henkel AG & Co. Kgaa
      0.03%
      0.03%
    • International Flavors & Fragrances, Inc.
      0.03%
      0.03%
    • Nutrien Ltd.
      0.03%
      0.03%
    • Otsuka Holdings Co., Ltd.
      0.03%
      0.03%
    • The Clorox Co.
      0.03%
      0.03%
    • Asian Paints Ltd.
      0.02%
      0.02%
    • Beiersdorf AG
      0.02%
      0.02%
    • Cabot Corp.
      0.02%
      0.02%
    • China Petroleum & Chemical Corp.
      0.02%
      !!
      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
      0.02%
    • Covestro AG
      0.02%
      0.02%
    • Eastman Chemical Co.
      0.02%
      0.02%
    • Entegris, Inc.
      0.02%
      0.02%
    • Hindalco Industries Ltd.
      0.02%
      0.02%
    • Kao Corp.
      0.02%
      0.02%
    • Kering SA
      0.02%
      0.02%
    • Novozymes A/S
      0.02%
      0.02%
    • Rentokil Initial
      0.02%
      0.02%
    • Rpm International, Inc.
      0.02%
      0.02%
    • Sabic
      0.02%
      0.02%
    • Symrise AG
      0.02%
      0.02%
    • Tyson Foods Inc
      0.02%
      0.02%
    • Albemarle Corp.
      0.01%
      0.01%
    • Dcc PLC
      0.01%
      0.01%
    • Ems-Chemie Holding AG
      0.01%
      0.01%
    • Hormel Foods Corp
      0.01%
      0.01%
    • Kikkoman Corp.
      0.01%
      0.01%
    • Shiseido Co., Ltd.
      0.01%
      0.01%
    • Unicharm Corp.
      0.01%
      0.01%
  • Human Rights Violations 4.69%

    • 1.63%
    • 0.51%
    • Nestlé
      0.35%
      0.35%
    • Wells Fargo
      0.31%
      0.31%
    • 0.23%
    • Caterpillar
      0.20%
      0.20%
    • Ubs
      0.13%
      0.13%
    • Rio Tinto
      0.11%
      0.11%
    • Petrobras
      0.08%
      !!
      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
      0.08%
    • Holcim
      0.07%
      0.07%
    • General Motors
      0.06%
      0.06%
    • Saudi Aramco
      0.06%
      !!
      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
      0.06%
    • Glencore
      0.05%
      0.05%
    • Petrochina Co Ltd
      0.03%
      !!
      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
      0.03%
    • 0.02%
    • China Petroleum & Chemical Corp.
      0.02%
      !!
      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
      0.02%
    • Ck Hutchison
      0.02%
      0.02%
    • Grupo México S.A.B. De C.V.
      0.02%
      0.02%
    • Mtn Group Limited
      0.02%
      0.02%
    • Teva Pharmaceuticals
      0.02%
      0.02%
    • Zijin Mining
      0.02%
      0.02%
    • 0.01%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • Pan American Silver Corp.
      0.01%
      0.01%
    • Ptt Public Co., Ltd.
      0.01%
      0.01%
  • Social Harm 0.72%

  • Fossil Fuels 7.25%

    • Exxon Mobil Corp.
      0.67%
      !!
      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
      0.67%
    • Chevron Corp.
      0.38%
      !!
      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
      0.38%
    • Shell
      0.30%
      !!
      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
      0.30%
    • Nextera Energy, Inc.
      0.19%
      0.19%
    • Conocophillips
      0.18%
      !!
      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
      0.18%
    • Totalenergies Se
      0.18%
      !!
      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
      0.18%
    • BHP
      0.16%
      !!
      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
      0.16%
    • Reliance Industries Ltd.
      0.14%
      !!
      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
      0.14%
    • The Southern Co.
      0.13%
      0.13%
    • BP
      0.12%
      !!
      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
      0.12%
    • Duke Energy Corp
      0.12%
      0.12%
    • Enbridge, Inc.
      0.12%
      !!
      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
      0.12%
    • Rio Tinto
      0.11%
      0.11%
    • Enel
      0.10%
      1.5°C
      This company is on a 1.5°C pathway
      0.10%
    • The Williams Cos., Inc.
      0.10%
      !!
      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
      0.10%
    • Canadian Natural Resources Ltd.
      0.09%
      !!
      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
      0.09%
    • Eog Resources, Inc.
      0.09%
      !!
      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
      0.09%
    • National Grid PLC
      0.09%
      !!
      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
      0.09%
    • Constellation Energy Corp.
      0.08%
      0.08%
    • Mitsubishi Corp.
      0.08%
      !!
      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
      0.08%
    • Oneok, Inc.
      0.08%
      0.08%
    • Petrobras
      0.08%
      !!
      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
      0.08%
    • American Electric Power Co., Inc.
      0.07%
      0.07%
    • Cheniere Energy, Inc.
      0.07%
      !!
      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
      0.07%
    • Itochu Corp.
      0.07%
      !!
      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
      0.07%
    • Kinder Morgan, Inc.
      0.07%
      !!
      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
      0.07%
    • Marathon Petroleum Corp.
      0.07%
      0.07%
    • Phillips 66
      0.07%
      0.07%
    • Dominion Energy, Inc.
      0.06%
      0.06%
    • Hess Corp.
      0.06%
      !!
      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
      0.06%
    • Mitsui & Co., Ltd.
      0.06%
      !!
      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
      0.06%
    • Saudi Aramco
      0.06%
      !!
      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
      0.06%
    • Sempra Energy
      0.06%
      !!
      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
      0.06%
    • Suncor Energy, Inc.
      0.06%
      !!
      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
      0.06%
    • Targa Resources Corp.
      0.06%
      0.06%
    • Tc Energy Corp.
      0.06%
      !!
      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
      0.06%
    • Valero Energy Corp.
      0.06%
      0.06%
    • Barrick Gold
      0.05%
      0.05%
    • Consolidated Edison, Inc.
      0.05%
      0.05%
    • Engie SA
      0.05%
      !!
      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
      0.05%
    • Eni Spa
      0.05%
      !!
      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
      0.05%
    • Entergy Corp.
      0.05%
      0.05%
    • Glencore
      0.05%
      0.05%
    • Pg&E Corp
      0.05%
      0.05%
    • Vale SA
      0.05%
      0.05%
    • Vistra Energy
      0.05%
      0.05%
    • Xcel Energy, Inc.
      0.05%
      0.05%
    • Diamondback Energy, Inc.
      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%
    • Dte Energy Co.
      0.04%
      0.04%
    • E.On Se
      0.04%
      0.04%
    • Fairfax Financial Holdings Ltd.
      0.04%
      0.04%
    • Franco-Nevada Corp.
      0.04%
      0.04%
    • Occidental Petroleum Corp.
      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%
    • Ppl Corp.
      0.04%
      0.04%
    • Texas Pacific Land Corp.
      0.04%
      0.04%
    • Wec Energy Group, Inc.
      0.04%
      0.04%
    • Woodside Energy Group Ltd.
      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%
    • Ameren Corp.
      0.03%
      0.03%
    • Atmos Energy Corp.
      0.03%
      0.03%
    • Centerpoint Energy, Inc.
      0.03%
      0.03%
    • Chesapeake Energy Corp.
      0.03%
      !!
      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
      0.03%
    • Dassault Systèmes Se
      0.03%
      0.03%
    • Devon Energy Corp.
      0.03%
      !!
      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
      0.03%
    • Eqt Corp.
      0.03%
      !!
      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
      0.03%
    • Equinor Asa
      0.03%
      !!
      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
      0.03%
    • Firstenergy Corp.
      0.03%
      0.03%
    • Fortis, Inc.
      0.03%
      !!
      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
      0.03%
    • Nippon Steel Corp.
      0.03%
      0.03%
    • Nrg Energy, Inc.
      0.03%
      0.03%
    • Ntpc Ltd.
      0.03%
      0.03%
    • Pembina Pipeline Corp.
      0.03%
      !!
      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
      0.03%
    • Petrochina Co Ltd
      0.03%
      !!
      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
      0.03%
    • Posco
      0.03%
      !!
      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
      0.03%
    • Rwe AG
      0.03%
      0.03%
    • Sumitomo Corp.
      0.03%
      !!
      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
      0.03%
    • Acwa Power
      0.02%
      0.02%
    • Alliant Energy Corp.
      0.02%
      0.02%
    • Cms Energy Corp.
      0.02%
      0.02%
    • Cenovus Energy, Inc.
      0.02%
      !!
      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
      0.02%
    • China Petroleum & Chemical Corp.
      0.02%
      !!
      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
      0.02%
    • China Shenhua Energy
      0.02%
      0.02%
    • Ck Hutchison
      0.02%
      0.02%
    • Clp Holdings Ltd.
      0.02%
      0.02%
    • Edp-Energias De Portugal SA
      0.02%
      1.5°C
      This company is on a 1.5°C pathway
      0.02%
    • Emera, Inc.
      0.02%
      0.02%
    • Eneos Holdings, Inc.
      0.02%
      0.02%
    • Evergy, Inc.
      0.02%
      0.02%
    • Grupo México S.A.B. De C.V.
      0.02%
      0.02%
    • Halliburton Co.
      0.02%
      0.02%
    • Hong Kong & China Gas Co. Ltd.
      0.02%
      !!
      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
      0.02%
    • Inpex Corp.
      0.02%
      !!
      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
      0.02%
    • Marubeni Corp.
      0.02%
      !!
      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
      0.02%
    • Mitsui O.S.K. Lines, Ltd.
      0.02%
      0.02%
    • Nippon Yusen Kk
      0.02%
      0.02%
    • Nisource, Inc.
      0.02%
      0.02%
    • Orlen
      0.02%
      !!
      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
      0.02%
    • Ovintiv, Inc.
      0.02%
      !!
      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
      0.02%
    • Repsol
      0.02%
      !!
      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
      0.02%
    • Santos Ltd.
      0.02%
      !!
      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
      0.02%
    • Snam Spa
      0.02%
      !!
      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
      0.02%
    • Tata Steel Ltd.
      0.02%
      0.02%
    • Teck Resources Limited
      0.02%
      0.02%
    • Tokyo Gas Co., Ltd.
      0.02%
      !!
      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
      0.02%
    • Tourmaline Oil Corp.
      0.02%
      !!
      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
      0.02%
    • Weg SA
      0.02%
      0.02%
    • 0.01%
    • Aker BP Asa
      0.01%
      !!
      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
      0.01%
    • Arc Resources Ltd.
      0.01%
      !!
      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
      0.01%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • Cez As
      0.01%
      0.01%
    • Coal India Ltd.
      0.01%
      0.01%
    • Endesa SA
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Galp Energia Sgps SA
      0.01%
      !!
      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
      0.01%
    • Hd Hyundai Co., Ltd.
      0.01%
      0.01%
    • Intertek Group PLC
      0.01%
      0.01%
    • Keyera Corp.
      0.01%
      !!
      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
      0.01%
    • Loews Corp.
      0.01%
      0.01%
    • Origin Energy
      0.01%
      !!
      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
      0.01%
    • Osaka Gas
      0.01%
      !!
      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
      0.01%
    • Ptt Public Co., Ltd.
      0.01%
      0.01%
    • Samsung C&T Corp.
      0.01%
      0.01%
    • South32 Ltd.
      0.01%
      0.01%
    • Tata Power Co., Ltd.
      0.01%
      0.01%
    • Tenaga Nasional Bhd.
      0.01%
      0.01%
    • The Kansai Electric Power Co., Inc.
      0.01%
      0.01%
    • Vedanta Resources
      0.01%
      !!
      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
      0.01%
  • Weapons 0.58%

    • Transdigm Group, Inc.
      0.11%
      0.11%
    • Amphenol Corp.
      0.10%
      0.10%
    • Rheinmetall AG
      0.08%
      0.08%
    • Howmet Aerospace, Inc.
      0.07%
      0.07%
    • Daikin Industries Ltd.
      0.04%
      0.04%
    • Teledyne Technologies, Inc.
      0.04%
      0.04%
    • Bharat Electronics Ltd.
      0.02%
      0.02%
    • Mtu Aero Engines AG
      0.02%
      0.02%
    • Embraer SA
      0.01%
      0.01%
    • Hindustan Aeronautics Ltd.
      0.01%
      0.01%
    • Singapore Technologies Engineering Ltd.
      0.01%
      0.01%
  • Environmental Harm 2.96%

    • Chevron Corp.
      0.38%
      !!
      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
      0.38%
    • Coca-Cola
      0.38%
      0.38%
    • Shell
      0.30%
      !!
      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
      0.30%
    • Pepsico
      0.27%
      0.27%
    • Unilever PLC
      0.22%
      0.22%
    • BHP
      0.16%
      !!
      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
      0.16%
    • Duke Energy Corp
      0.12%
      0.12%
    • Mondelez
      0.12%
      0.12%
    • 3M
      0.11%
      0.11%
    • Mitsubishi Corp.
      0.08%
      !!
      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
      0.08%
    • 0.07%
    • Corteva, Inc.
      0.06%
      0.06%
    • Danone
      0.06%
      0.06%
    • Barrick Gold
      0.05%
      0.05%
    • Basf Se
      0.05%
      0.05%
    • 0.05%
    • Glencore
      0.05%
      0.05%
    • Pg&E Corp
      0.05%
      0.05%
    • Vale SA
      0.05%
      0.05%
    • Archer-Daniels Midland
      0.03%
      0.03%
    • Bayer
      0.03%
      0.03%
    • Ntpc Ltd.
      0.03%
      0.03%
    • Nutrien Ltd.
      0.03%
      0.03%
    • Posco
      0.03%
      !!
      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
      0.03%
    • Wh Group
      0.02%
      0.02%
    • Zijin Mining
      0.02%
      0.02%
    • Evergreen Marine Corp
      0.01%
      0.01%
    • Harmony Gold Mining Co Ltd
      0.01%
      0.01%
    • Southern Copper Corporation
      0.01%
      0.01%
    • Vedanta Resources
      0.01%
      !!
      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
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    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. Environmental, Social and Governance characteristics are integrated into the underlying investment managers' investment processes. The fund aims to provide a return that closely matches the return of the MSCI All Country World ex Tobacco Index with net dividends reinvested (50% hedged to NZD on an after-tax basis).

    Value $81.9M NZD
    Period of data report 31st March 2025
    Fund started 27th Nov. 2017
    Total annual fund fees 0.46%
    Total performance based fees 0.0%
    Manager's basic fee 0.3%
    Other management and administration charges 0.16%
    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 4.07% 7.93%
    2024 15.78% 24.27%
    2023 -4.85% -3.58%
    2022 3.53% 6.59%
    2021 35.55% 37.32%
    2020 -7.06% -6.01%
    2019 10.17% 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 March 2025.

  • Investments

    Top 10 Investments

    • Macquarie True Index Emerging Markets Fund

      Australia International Equities

      11.72%
    • Apple Inc

      United States International Equities

      4.35%
    • Nvidia Corporation

      United States International Equities

      3.46%
    • Microsoft Corporation

      United States International Equities

      3.46%
    • Amazon.Com Inc

      United States International Equities

      2.35%
    • Meta Platforms Inc

      United States International Equities

      1.63%
    • Alphabet Inc Class A

      United States International Equities

      1.18%
    • Alphabet Inc Class C

      United States International Equities

      1.01%
    • Tesla Inc

      United States International Equities

      0.98%
    • Broadcom Corporation

      United States International Equities

      0.97%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 1.66%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 0.0% 0.0%
    International Equities 100.0% 98.34%
    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

  • 4.56% Animal Cruelty
  • 4.69% Human Rights Violations
  • 0.72% Social Harm
  • 7.25% Fossil Fuels
  • 0.58% Weapons
  • 2.96% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Exxon Mobil Corp.
      0.67%
      !!
      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
      0.67%
    • 0.53%
    • Chevron Corp.
      0.38%
      !!
      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
      0.38%
    • Shell
      0.30%
      !!
      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
      0.30%
    • Unilever PLC
      0.22%
      0.22%
    • Air Liquide
      0.14%
      0.14%
    • Reliance Industries Ltd.
      0.14%
      !!
      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
      0.14%
    • 3M
      0.11%
      0.11%
    • Hermès International Sca
      0.11%
      0.11%
    • L'Oréal SA
      0.11%
      0.11%
    • The Sherwin-Williams Co.
      0.11%
      0.11%
    • Colgate-Palmolive Co.
      0.09%
      0.09%
    • Ecolab, Inc.
      0.09%
      0.09%
    • Kimberly-Clark Corp.
      0.07%
      0.07%
    • Corteva, Inc.
      0.06%
      0.06%
    • Shin-Etsu Chemical Co., Ltd.
      0.06%
      0.06%
    • Basf Se
      0.05%
      0.05%
    • Eni Spa
      0.05%
      !!
      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
      0.05%
    • Givaudan SA
      0.05%
      0.05%
    • Dupont De Nemours
      0.04%
      0.04%
    • Koninklijke Ahold Delhaize Nv
      0.04%
      0.04%
    • PPG Industries, Inc.
      0.04%
      0.04%
    • Bayer
      0.03%
      0.03%
    • Church & Dwight Co., Inc.
      0.03%
      0.03%
    • Dow, Inc.
      0.03%
      0.03%
    • Henkel AG & Co. Kgaa
      0.03%
      0.03%
    • International Flavors & Fragrances, Inc.
      0.03%
      0.03%
    • Nutrien Ltd.
      0.03%
      0.03%
    • Otsuka Holdings Co., Ltd.
      0.03%
      0.03%
    • The Clorox Co.
      0.03%
      0.03%
    • Asian Paints Ltd.
      0.02%
      0.02%
    • Beiersdorf AG
      0.02%
      0.02%
    • Cabot Corp.
      0.02%
      0.02%
    • China Petroleum & Chemical Corp.
      0.02%
      !!
      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
      0.02%
    • Covestro AG
      0.02%
      0.02%
    • Eastman Chemical Co.
      0.02%
      0.02%
    • Entegris, Inc.
      0.02%
      0.02%
    • Hindalco Industries Ltd.
      0.02%
      0.02%
    • Kao Corp.
      0.02%
      0.02%
    • Kering SA
      0.02%
      0.02%
    • Novozymes A/S
      0.02%
      0.02%
    • Rentokil Initial
      0.02%
      0.02%
    • Rpm International, Inc.
      0.02%
      0.02%
    • Sabic
      0.02%
      0.02%
    • Symrise AG
      0.02%
      0.02%
    • Tyson Foods Inc
      0.02%
      0.02%
    • Albemarle Corp.
      0.01%
      0.01%
    • Dcc PLC
      0.01%
      0.01%
    • Ems-Chemie Holding AG
      0.01%
      0.01%
    • Hormel Foods Corp
      0.01%
      0.01%
    • Kikkoman Corp.
      0.01%
      0.01%
    • Shiseido Co., Ltd.
      0.01%
      0.01%
    • Unicharm Corp.
      0.01%
      0.01%
  • Human Rights Violations

    • 1.63%
    • 0.51%
    • Nestlé
      0.35%
      0.35%
    • Wells Fargo
      0.31%
      0.31%
    • 0.23%
    • Caterpillar
      0.20%
      0.20%
    • Ubs
      0.13%
      0.13%
    • Rio Tinto
      0.11%
      0.11%
    • Petrobras
      0.08%
      !!
      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
      0.08%
    • Holcim
      0.07%
      0.07%
    • General Motors
      0.06%
      0.06%
    • Saudi Aramco
      0.06%
      !!
      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
      0.06%
    • Glencore
      0.05%
      0.05%
    • Petrochina Co Ltd
      0.03%
      !!
      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
      0.03%
    • 0.02%
    • China Petroleum & Chemical Corp.
      0.02%
      !!
      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
      0.02%
    • Ck Hutchison
      0.02%
      0.02%
    • Grupo México S.A.B. De C.V.
      0.02%
      0.02%
    • Mtn Group Limited
      0.02%
      0.02%
    • Teva Pharmaceuticals
      0.02%
      0.02%
    • Zijin Mining
      0.02%
      0.02%
    • 0.01%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • Pan American Silver Corp.
      0.01%
      0.01%
    • Ptt Public Co., Ltd.
      0.01%
      0.01%
  • Fossil Fuels

    • Exxon Mobil Corp.
      0.67%
      !!
      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
      0.67%
    • Chevron Corp.
      0.38%
      !!
      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
      0.38%
    • Shell
      0.30%
      !!
      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
      0.30%
    • Nextera Energy, Inc.
      0.19%
      0.19%
    • Conocophillips
      0.18%
      !!
      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
      0.18%
    • Totalenergies Se
      0.18%
      !!
      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
      0.18%
    • BHP
      0.16%
      !!
      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
      0.16%
    • Reliance Industries Ltd.
      0.14%
      !!
      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
      0.14%
    • The Southern Co.
      0.13%
      0.13%
    • BP
      0.12%
      !!
      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
      0.12%
    • Duke Energy Corp
      0.12%
      0.12%
    • Enbridge, Inc.
      0.12%
      !!
      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
      0.12%
    • Rio Tinto
      0.11%
      0.11%
    • Enel
      0.10%
      1.5°C
      This company is on a 1.5°C pathway
      0.10%
    • The Williams Cos., Inc.
      0.10%
      !!
      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
      0.10%
    • Canadian Natural Resources Ltd.
      0.09%
      !!
      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
      0.09%
    • Eog Resources, Inc.
      0.09%
      !!
      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
      0.09%
    • National Grid PLC
      0.09%
      !!
      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
      0.09%
    • Constellation Energy Corp.
      0.08%
      0.08%
    • Mitsubishi Corp.
      0.08%
      !!
      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
      0.08%
    • Oneok, Inc.
      0.08%
      0.08%
    • Petrobras
      0.08%
      !!
      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
      0.08%
    • American Electric Power Co., Inc.
      0.07%
      0.07%
    • Cheniere Energy, Inc.
      0.07%
      !!
      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
      0.07%
    • Itochu Corp.
      0.07%
      !!
      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
      0.07%
    • Kinder Morgan, Inc.
      0.07%
      !!
      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
      0.07%
    • Marathon Petroleum Corp.
      0.07%
      0.07%
    • Phillips 66
      0.07%
      0.07%
    • Dominion Energy, Inc.
      0.06%
      0.06%
    • Hess Corp.
      0.06%
      !!
      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
      0.06%
    • Mitsui & Co., Ltd.
      0.06%
      !!
      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
      0.06%
    • Saudi Aramco
      0.06%
      !!
      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
      0.06%
    • Sempra Energy
      0.06%
      !!
      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
      0.06%
    • Suncor Energy, Inc.
      0.06%
      !!
      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
      0.06%
    • Targa Resources Corp.
      0.06%
      0.06%
    • Tc Energy Corp.
      0.06%
      !!
      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
      0.06%
    • Valero Energy Corp.
      0.06%
      0.06%
    • Barrick Gold
      0.05%
      0.05%
    • Consolidated Edison, Inc.
      0.05%
      0.05%
    • Engie SA
      0.05%
      !!
      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
      0.05%
    • Eni Spa
      0.05%
      !!
      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
      0.05%
    • Entergy Corp.
      0.05%
      0.05%
    • Glencore
      0.05%
      0.05%
    • Pg&E Corp
      0.05%
      0.05%
    • Vale SA
      0.05%
      0.05%
    • Vistra Energy
      0.05%
      0.05%
    • Xcel Energy, Inc.
      0.05%
      0.05%
    • Diamondback Energy, Inc.
      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%
    • Dte Energy Co.
      0.04%
      0.04%
    • E.On Se
      0.04%
      0.04%
    • Fairfax Financial Holdings Ltd.
      0.04%
      0.04%
    • Franco-Nevada Corp.
      0.04%
      0.04%
    • Occidental Petroleum Corp.
      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%
    • Ppl Corp.
      0.04%
      0.04%
    • Texas Pacific Land Corp.
      0.04%
      0.04%
    • Wec Energy Group, Inc.
      0.04%
      0.04%
    • Woodside Energy Group Ltd.
      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%
    • Ameren Corp.
      0.03%
      0.03%
    • Atmos Energy Corp.
      0.03%
      0.03%
    • Centerpoint Energy, Inc.
      0.03%
      0.03%
    • Chesapeake Energy Corp.
      0.03%
      !!
      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
      0.03%
    • Dassault Systèmes Se
      0.03%
      0.03%
    • Devon Energy Corp.
      0.03%
      !!
      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
      0.03%
    • Eqt Corp.
      0.03%
      !!
      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
      0.03%
    • Equinor Asa
      0.03%
      !!
      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
      0.03%
    • Firstenergy Corp.
      0.03%
      0.03%
    • Fortis, Inc.
      0.03%
      !!
      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
      0.03%
    • Nippon Steel Corp.
      0.03%
      0.03%
    • Nrg Energy, Inc.
      0.03%
      0.03%
    • Ntpc Ltd.
      0.03%
      0.03%
    • Pembina Pipeline Corp.
      0.03%
      !!
      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
      0.03%
    • Petrochina Co Ltd
      0.03%
      !!
      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
      0.03%
    • Posco
      0.03%
      !!
      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
      0.03%
    • Rwe AG
      0.03%
      0.03%
    • Sumitomo Corp.
      0.03%
      !!
      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
      0.03%
    • Acwa Power
      0.02%
      0.02%
    • Alliant Energy Corp.
      0.02%
      0.02%
    • Cms Energy Corp.
      0.02%
      0.02%
    • Cenovus Energy, Inc.
      0.02%
      !!
      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
      0.02%
    • China Petroleum & Chemical Corp.
      0.02%
      !!
      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
      0.02%
    • China Shenhua Energy
      0.02%
      0.02%
    • Ck Hutchison
      0.02%
      0.02%
    • Clp Holdings Ltd.
      0.02%
      0.02%
    • Edp-Energias De Portugal SA
      0.02%
      1.5°C
      This company is on a 1.5°C pathway
      0.02%
    • Emera, Inc.
      0.02%
      0.02%
    • Eneos Holdings, Inc.
      0.02%
      0.02%
    • Evergy, Inc.
      0.02%
      0.02%
    • Grupo México S.A.B. De C.V.
      0.02%
      0.02%
    • Halliburton Co.
      0.02%
      0.02%
    • Hong Kong & China Gas Co. Ltd.
      0.02%
      !!
      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
      0.02%
    • Inpex Corp.
      0.02%
      !!
      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
      0.02%
    • Marubeni Corp.
      0.02%
      !!
      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
      0.02%
    • Mitsui O.S.K. Lines, Ltd.
      0.02%
      0.02%
    • Nippon Yusen Kk
      0.02%
      0.02%
    • Nisource, Inc.
      0.02%
      0.02%
    • Orlen
      0.02%
      !!
      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
      0.02%
    • Ovintiv, Inc.
      0.02%
      !!
      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
      0.02%
    • Repsol
      0.02%
      !!
      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
      0.02%
    • Santos Ltd.
      0.02%
      !!
      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
      0.02%
    • Snam Spa
      0.02%
      !!
      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
      0.02%
    • Tata Steel Ltd.
      0.02%
      0.02%
    • Teck Resources Limited
      0.02%
      0.02%
    • Tokyo Gas Co., Ltd.
      0.02%
      !!
      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
      0.02%
    • Tourmaline Oil Corp.
      0.02%
      !!
      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
      0.02%
    • Weg SA
      0.02%
      0.02%
    • 0.01%
    • Aker BP Asa
      0.01%
      !!
      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
      0.01%
    • Arc Resources Ltd.
      0.01%
      !!
      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
      0.01%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • Cez As
      0.01%
      0.01%
    • Coal India Ltd.
      0.01%
      0.01%
    • Endesa SA
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Galp Energia Sgps SA
      0.01%
      !!
      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
      0.01%
    • Hd Hyundai Co., Ltd.
      0.01%
      0.01%
    • Intertek Group PLC
      0.01%
      0.01%
    • Keyera Corp.
      0.01%
      !!
      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
      0.01%
    • Loews Corp.
      0.01%
      0.01%
    • Origin Energy
      0.01%
      !!
      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
      0.01%
    • Osaka Gas
      0.01%
      !!
      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
      0.01%
    • Ptt Public Co., Ltd.
      0.01%
      0.01%
    • Samsung C&T Corp.
      0.01%
      0.01%
    • South32 Ltd.
      0.01%
      0.01%
    • Tata Power Co., Ltd.
      0.01%
      0.01%
    • Tenaga Nasional Bhd.
      0.01%
      0.01%
    • The Kansai Electric Power Co., Inc.
      0.01%
      0.01%
    • Vedanta Resources
      0.01%
      !!
      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
      0.01%
  • Weapons

    • Transdigm Group, Inc.
      0.11%
      0.11%
    • Amphenol Corp.
      0.10%
      0.10%
    • Rheinmetall AG
      0.08%
      0.08%
    • Howmet Aerospace, Inc.
      0.07%
      0.07%
    • Daikin Industries Ltd.
      0.04%
      0.04%
    • Teledyne Technologies, Inc.
      0.04%
      0.04%
    • Bharat Electronics Ltd.
      0.02%
      0.02%
    • Mtu Aero Engines AG
      0.02%
      0.02%
    • Embraer SA
      0.01%
      0.01%
    • Hindustan Aeronautics Ltd.
      0.01%
      0.01%
    • Singapore Technologies Engineering Ltd.
      0.01%
      0.01%
  • Environmental Harm

    • Chevron Corp.
      0.38%
      !!
      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
      0.38%
    • Coca-Cola
      0.38%
      0.38%
    • Shell
      0.30%
      !!
      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
      0.30%
    • Pepsico
      0.27%
      0.27%
    • Unilever PLC
      0.22%
      0.22%
    • BHP
      0.16%
      !!
      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
      0.16%
    • Duke Energy Corp
      0.12%
      0.12%
    • Mondelez
      0.12%
      0.12%
    • 3M
      0.11%
      0.11%
    • Mitsubishi Corp.
      0.08%
      !!
      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
      0.08%
    • 0.07%
    • Corteva, Inc.
      0.06%
      0.06%
    • Danone
      0.06%
      0.06%
    • Barrick Gold
      0.05%
      0.05%
    • Basf Se
      0.05%
      0.05%
    • 0.05%
    • Glencore
      0.05%
      0.05%
    • Pg&E Corp
      0.05%
      0.05%
    • Vale SA
      0.05%
      0.05%
    • Archer-Daniels Midland
      0.03%
      0.03%
    • Bayer
      0.03%
      0.03%
    • Ntpc Ltd.
      0.03%
      0.03%
    • Nutrien Ltd.
      0.03%
      0.03%
    • Posco
      0.03%
      !!
      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
      0.03%
    • Wh Group
      0.02%
      0.02%
    • Zijin Mining
      0.02%
      0.02%
    • Evergreen Marine Corp
      0.01%
      0.01%
    • Harmony Gold Mining Co Ltd
      0.01%
      0.01%
    • Southern Copper Corporation
      0.01%
      0.01%
    • Vedanta Resources
      0.01%
      !!
      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
      0.01%

About this Fund

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. Environmental, Social and Governance characteristics are integrated into the underlying investment managers' investment processes. The fund aims to provide a return that closely matches the return of the MSCI All Country World ex Tobacco Index with net dividends reinvested (50% hedged to NZD on an after-tax basis).

Value $81.9M NZD
Period of data report 31st March 2025
Fund started 27th Nov. 2017
Total annual fund fees 0.46%
Total performance based fees 0.0%
Manager's basic fee 0.3%
Other management and administration charges 0.16%
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 4.07% 7.93%
2024 15.78% 24.27%
2023 -4.85% -3.58%
2022 3.53% 6.59%
2021 35.55% 37.32%
2020 -7.06% -6.01%
2019 10.17% 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 March 2025.

Top 10 Investments

  • Macquarie True Index Emerging Markets Fund

    Australia International Equities

    11.72%
  • Apple Inc

    United States International Equities

    4.35%
  • Nvidia Corporation

    United States International Equities

    3.46%
  • Microsoft Corporation

    United States International Equities

    3.46%
  • Amazon.Com Inc

    United States International Equities

    2.35%
  • Meta Platforms Inc

    United States International Equities

    1.63%
  • Alphabet Inc Class A

    United States International Equities

    1.18%
  • Alphabet Inc Class C

    United States International Equities

    1.01%
  • Tesla Inc

    United States International Equities

    0.98%
  • Broadcom Corporation

    United States International Equities

    0.97%
Type Target Actual
Cash and Cash Equivalents 0.0% 1.66%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 98.34%
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.