Funds
Mercer Global Shares 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
- Totalenergies Se 1.68%
- Exxon Mobil Corp 1.67%
- Shell PLC 0.95%
- BP PLC 0.86%
- Enbridge Inc 0.85%
- Occidental Petroleum Corp 0.84%
- Glencore PLC 0.78%
- Eni Spa-Sponsored Adr 0.74%
- Devon Energy Corp 0.59%
- Vale SA 0.46%
- Mitsui & Co Ltd-Spons Adr 0.24%
- Anglo American PLC 0.23%
- Arcelormittal 0.18%
- Chevron Corp 0.16%
- Marathon Petroleum Corp 0.14%
- Shell 0.14%
- Santos Ltd 0.13%
- Jardine Matheson Holdings 0.11%
- Nippon Steel Corp 0.11%
- Canadian Natural Resources Ltd - Cad 0.10%
- Canadian Natural Resources Ltd - US 0.09%
- Eneos Holdings Inc 0.09%
- Nextera Energy Inc 0.09%
- Arcelormittal-Ny Registered 0.08%
- BHP Group Ltd 0.08%
- Conocophillips 0.08%
- Sumitomo Chemical Co-Uns Adr 0.08%
- Var Energi Asa 0.07%
- Duke Energy Corp 0.04%
- Eog Resources Inc 0.04%
- Southern Co/The 0.04%
- American Electric Power Co Inc 0.03%
- Dominion Energy Inc 0.03%
- Iberdrola SA 0.03%
- Pioneer Natural Resources Co 0.03%
- Sempra Energy 0.03%
- Valero Energy Corp 0.03%
- Cheniere Energy Inc 0.02%
- Consolidated Edison Inc 0.02%
- Constellation Energy Corp 0.02%
- Dte Energy Co 0.02%
- Enel Spa 0.02%
- Eni Spa 0.02%
- Equinor Asa 0.02%
- Hess Corp 0.02%
- Itochu Corp 0.02%
- Kinder Morgan Inc 0.02%
- Mitsubishi Corp 0.02%
- Mitsui & Co Ltd 0.02%
- National Grid PLC 0.02%
- Phillips 66 0.02%
- Public Service Enterprise Group Inc 0.02%
- Suncor Energy Inc 0.02%
- Tc Energy Corp 0.02%
- Wec Energy Group Inc 0.02%
- Williams Cos Inc/The 0.02%
- Woodside Energy Group Ltd 0.02%
- Xcel Energy Inc 0.02%
- Ameren Corp 0.01%
- Cenovus Energy Inc 0.01%
- Coterra Energy Inc 0.01%
- Diamondback Energy Inc 0.01%
- Engie SA 0.01%
- Entergy Corp 0.01%
- Exxon Mobil Corporation 0.01%
- Fortis Inc/Canada 0.01%
- Franco-Nevada Corp 0.01%
- Lyondellbasell Industries Nv 0.01%
- Neste Oyj 0.01%
- Oneok Inc 0.01%
- Pembina Pipeline Corp 0.01%
- Pg&E Corp 0.01%
- Ppl Corp 0.01%
- Rwe AG 0.01%
- Tourmaline Oil Corp 0.01%
Weapons
- Walmart Inc 0.12%
- Howmet Aerospace 0.11%
- Amphenol Corp 0.02%
- Transdigm Group Inc 0.02%
- Teledyne Technologies Inc 0.01%
Tobacco
- Alimentation Couche-Tard Inc 0.02%
Gambling
- Vici Properties Inc 0.02%
- Flutter Entertainment PLC 0.01%
Alcohol
- Heineken Nv 0.40%
- Anheuser-Busch Inbev SA/Nv 0.23%
- Constellation Brands Inc 0.23%
- Diageo PLC 0.20%
- Treasury Wine Estates Ltd 0.13%
- Pernod Ricard SA 0.02%
- Brown-Forman Corp 0.01%
GMOs
- Corteva Inc 0.02%
Human Rights & Environmental Violations
- Shell PLC 0.95%
- Glencore PLC 0.78%
- Rio Tinto PLC 0.70%
- Petroleo Brasileiro-Spon Adr 0.49%
- Vale SA 0.46%
- Johnson & Johnson 0.27%
- Mizrahi Tefahot Bank Ltd 0.21%
- Meta Platforms Inc 0.19%
- Nestle SA 0.18%
- Chevron Corp 0.16%
- Shell 0.14%
- Thermo Fisher Scientific Inc 0.12%
- Wells Fargo & Co 0.09%
- BHP Group Ltd 0.08%
- Caterpillar Inc 0.05%
- Duke Energy Corp 0.04%
- Activision Blizzard Inc 0.03%
- Archer-Daniels-Midland Co 0.03%
- Bayer AG 0.03%
- Nutrien Ltd 0.03%
- Barrick Gold Corp-Tse 0.02%
- Basf Se 0.02%
- Corteva Inc 0.02%
- Freeport-Mcmoran Inc 0.02%
- Motorola Solutions Inc 0.02%
- Uber Technologies Inc 0.02%
- Pg&E Corp 0.01%
- Rio Tinto Ltd 0.01%
Animal Cruelty
- Exxon Mobil Corp 1.67%
- Shell PLC 0.95%
- Eni Spa-Sponsored Adr 0.74%
- Procter & Gamble Co/The 0.73%
- Tyson Foods Inc 0.55%
- Yara International Asa 0.32%
- Henkel AG & Co- Spons Adr 0.29%
- Constellation Brands Inc 0.23%
- Nestle SA 0.18%
- Chevron Corp 0.16%
- Kering-Unsponsored Adr 0.16%
- Otsuka Holdings Co Ltd- Unsp 0.16%
- Seiko Epson Corp-Unspon Adr 0.15%
- Coca-Cola Co/The 0.14%
- Pepsico Inc 0.14%
- Shell 0.14%
- LVMH Moet Hennessy Louis Vuitton Se 0.10%
- Sumitomo Chemical Co-Uns Adr 0.08%
- Yara International-Adr 0.07%
- Unilever PLC - EUR 0.06%
- L'Oreal SA 0.05%
- Mondelez International Inc 0.05%
- 3M Co 0.04%
- Air Liquide SA 0.04%
- Archer-Daniels-Midland Co 0.03%
- Bayer AG 0.03%
- Colgate-Palmolive Co 0.03%
- Estee Lauder Cos Inc/The 0.03%
- General Mills Inc 0.03%
- Nutrien Ltd 0.03%
- Sherwin-Williams Co/The 0.03%
- Albemarle Corp 0.02%
- Basf Se 0.02%
- Corteva Inc 0.02%
- Daikin Industries Ltd 0.02%
- Danone SA 0.02%
- Dow Inc 0.02%
- Dupont De Nemours Inc 0.02%
- Ecolab Inc 0.02%
- Eni Spa 0.02%
- Givaudan SA 0.02%
- Hermes International 0.02%
- Kering 0.02%
- Keurig Dr Pepper Inc 0.02%
- Kimberly-Clark Corp 0.02%
- Koninklijke Ahold Delhaize Nv 0.02%
- Mitsubishi Corp 0.02%
- Canon Inc 0.01%
- Chevron Corporation 0.01%
- Church & Dwight Co Inc 0.01%
- Clorox Co/The 0.01%
- Denso Corp 0.01%
- Exxon Mobil Corporation 0.01%
- International Flavors & Fragrances Inc 0.01%
- Kao Corp 0.01%
- Koninklijke Dsm Nv 0.01%
- Kraft Heinz Co/The 0.01%
- Lyondellbasell Industries Nv 0.01%
- PPG Industries Inc 0.01%
- Tesco PLC 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 invests in international shares listed on share markets around the world by using investment managers from around the world which are combined in a multi-manager fund. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes where applicable.
| Value | $27M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 13th Dec. 1994 |
| Total annual fund fees | 0.82% |
| Total performance based fees | 0.01% |
| Manager's basic fee | 1.0% |
| Other management and administration charges | -0.19% |
| 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 | 0.01% | |
| Alcohol | 1.27% | |
| Animal Cruelty | 8.27% | |
| Fossil Fuels | 12.96% | |
| Gambling | 0.09% | |
| GMOs | 0.03% | |
| Human Rights & Environmental Violations | 5.31% | |
| Palm Oil | 0.01% | |
| Tobacco | 0.03% | |
| Weapons | 0.36% |
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% | 4.41% |
| 2021 | 36.07% | 36.54% |
| 2020 | -7.33% | -8.55% |
| 2019 | 10.16% | 3.83% |
| 2018 | 7.53% | 10.93% |
| 2017 | 9.49% | 14.36% |
| 2016 | 4.71% | -0.33% |
| 2015 | 14.67% | 16.52% |
| 2014 | 10.13% | 16.06% |
| 2013 | 13.93% | 10.69% |
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
-
Aut Fd Emerging Markets Share Fund Prvt
Australia International Equities12.16% -
Unitedhealth Group Inc
United States International Equities2.31% -
Totalenergies
France International Equities1.91% -
Microsoft Corp
United States International Equities1.81% -
Exxon Mobil Corp
United States International Equities1.79% -
Orbis Global Equity Le Fund Aust R Prvt
Australia International Equities1.25% -
Hdfc Bank Adr Representing Three L
India International Equities1.17% -
Berkshire Hathaway Inc Class B
United States International Equities1.16% -
Astrazeneca Adr Representing .5 Pl
United Kingdom International Equities1.11% -
Enbridge Inc
Canada International Equities1.02%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 3.09% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.9% |
| International Equities | 100.0% | 96.01% |
| 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.