Macquarie Core Hedged Global Shares Fund

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Fund type: Aggressive fund

Past Returns: 11.93%

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

Annual Fees: 1.48%

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

Anglo American PLC 0.29%
Arcelormittal 0.21%
Arcelormittal-Ny Registered 0.25%
Atmos Energy Corp 0.41%
BHP Group Ltd 0.37%
Canadian Natural Resources Ltd 0.52%
Devon Energy Corp 0.76%
Enbridge Inc 0.81%
Eneos Holdings Inc 0.08%
Eni Spa 0.43%
Eni Spa-Sponsored Adr 0.86%
Exxon Mobil Corp 1.74%
Glencore PLC 0.92%
Jardine Matheson Holdings Ltd 0.08%
Lukoil PJSC 0.19%
Mitsui & Co Ltd 0.09%
Naphtha Israel Petroleum Corp Ltd 0.05%
Nippon Steel Corp 0.10%
Occidental Petroleum Corp 1.40%
Petrobras - Petroleo Bras-Pr 0.80%
Shell PLC - EUR 0.29%
Shell PLC - Gbp 1.02%
Vale SA 0.49%

Weapons

Airbus Group 0.02%

Gambling

Alcohol

Anheuser Busch Inbev SA 0.01%
Anheuser-Busch Inbev SA/Nv 0.30%
Constellation Brands Inc 0.13%
Heineken Nv 0.26%
LVMH 0.04%

Human Rights & Environmental Violations

BHP Group Ltd 0.37%
Bayer AG 0.02%
Glencore PLC 0.92%
Johnson & Johnson 2.24%
Mizrahi Tefahot Bank Ltd 0.29%
Petroleo Brasileiro-Spon Adr 0.50%
Rio Tinto PLC 0.95%
Shell PLC - EUR 0.29%
Shell PLC - Gbp 1.02%
Vale SA 0.49%

Animal Testing

Basf N 0.01%
Bayer AG 0.02%
Coca-Cola Co/The 0.45%
Fujifilm Holdings Corp 0.15%
Hp Inc 0.06%
Johnson & Johnson 2.24%
Keurig Dr Pepper Inc 0.21%
LVMH 0.04%
Lair Liquide Societe Anonyme Pour 0.02%
Loreal SA 0.02%
Mondelez International Inc 0.43%
Nutrien Ltd 0.22%
Procter & Gamble Co/The 1.33%
Shell PLC - EUR 0.29%
Shell PLC - Gbp 1.02%
Sumitomo Chemical Co Ltd 0.09%
Tesco PLC 0.20%
Unilever PLC 0.18%
Yara International Asa 0.56%
Yara International-Adr 0.08%

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 3.19% 5.57%
2021 36.07% 44.98%
2020 -7.33% -14.77%
2019 10.16% 2.7%
2018 7.53% 9.27%
2017 9.49% 17.09%
2016 4.71% -2.27%
2015 14.67% 14.12%
2014 10.13% 20.88%
2013 13.93% 13.17%

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:

  • Orbis Global Equity Le Fund
    Australia International Equities
    28.12%
  • Microsoft Corp
    United States International Equities
    3.01%
  • Johnson & Johnson
    United States International Equities
    2.24%
  • Unitedhealth Group Inc
    United States International Equities
    1.95%
  • Alphabet Inc (Class A)
    United States International Equities
    1.92%
  • Walmart Inc
    United States International Equities
    1.9%
  • Exxon Mobil Corp
    United States International Equities
    1.74%
  • Occidental Petroleum Corp
    United States International Equities
    1.4%
  • Procter & Gamble Co/The
    United States International Equities
    1.33%
  • Totalenergies Se
    France International Equities
    1.27%

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% 2.35%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.77%
International Equities 100.0% 96.88%
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:
    0.77%
  • Animal Testing:
    7.66%
  • Fossil Fuels:
    12.23%
  • Gambling:
    0.01%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    7.10%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.04%

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 invests in shares listed on share markets predominately in developed economies, and is fully hedged to the New Zealand dollar. The portfolio uses multiple managers and is diversified by region, manager and investment approaches. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes."

Value $37M NZD
Period of data report Thu March 31st 2022
Fund started Mon Nov. 26th 2007
Total annual fund fees 1.48%
Total performance based fees 0.0%
Manager's basic fee 1.15%
Other management and administration charges 0.33%
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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