Macquarie Ethical Leaders Global Shares Fund

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Mindful Fund

Fund type: Aggressive fund

Past Returns: 11.41%

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

Annual Fees: 1.47%

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.


Human Rights & Environmental Violations

Nestle SA 1.41%

Animal Testing

Axalta Coating Systems Ltd 0.31%
Ecolab Inc 0.93%
Nestle SA 1.41%
Procter & Gamble Co/The 1.31%
Unilever PLC 0.85%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Sept. 30th 2021 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
2021 36.18% 40.7%
2020 -7.01% -9.05%
2019 9.82% 2.58%
2018 7.69% 10.88%
2017 9.49% 12.12%
2016 4.71% -5.5%
2015 14.67% 15.91%
2014 10.13% 16.01%
2013 13.93% 9.32%
2012 -2.50% -5.58%

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Sony Group Corp
    Japan International Equities
    2.94%
  • Alphabet Inc (Class C)
    United States International Equities
    2.41%
  • Hdfc Bank Ltd
    India International Equities
    2.31%
  • Thermo Fisher Scientific Inc
    United States International Equities
    2.27%
  • Home Depot Inc/The
    United States International Equities
    2.12%
  • Microsoft Corp
    United States International Equities
    1.93%
  • Novo Nordisk A/S
    Denmark International Equities
    1.88%
  • Visa Inc
    United States International Equities
    1.64%
  • Amazon.Com Inc
    United States International Equities
    1.64%
  • Asml Holding Nv
    Netherlands International Equities
    1.63%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Dec. 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 1.03%
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% 98.97%
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 Fri Dec. 31st 2021.

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:
    4.80%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.41%
  • Palm Oil:
    0.00%
  • 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 Sept. 30th 2021 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 international share markets managed within a sustainable and responsible approach. The fund 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. This fund is governed by an ethical charter (available at www.Ampcapital.Com/ethicalcharter) and has been certified by the Responsible Investment Association of Australasia (RIAA).The performance objective is to outperform the MSCI All Country World Index with net dividends reinvested (69% gross hedged to the New Zealand dollar) on a rolling five year basis. AMP is one of New Zealand’s most enduring companies, with continuous operations under the same brand for more than 160 years.We began our proud history of providing life insurance policies in New Zealand in 1854 with a strong community-focused ethos that still holds true today. AMP has grown into a highly efficient large-scale organisation which provides Kiwis with financial security and the opportunity to look forward to a better tomorrow."

Value $47M NZD
Period of data report Fri Dec. 31st 2021
Fund started Tue Nov. 6th 2007
Total annual fund fees 1.47%
Total performance based fees 0.0%
Manager's basic fee 1.35%
Other management and administration charges 0.12%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Rebekah Swan

Currently: Managing Director and Head of Client Services AMP Capital Investors (New Zealand) Limited (1 years, 2 months)
Previously: ESG Investment Specialist NZ and Head of Product AMP Capital Investors (New Zealand) Limited (1 years, 8 months)

Vicky Hyde-Smith

Currently: Head of Fixed Income AMP Capital Investors (New Zealand) Limited (4 years, 10 months)
Previously: Co-Head of Fixed Income AMP Capital Investors (New Zealand) Limited (0 years, 10 months)

Grant Hassell

Currently: Global Head of Fixed Income AMP Capital Investors Limited (3 years, 1 months)
Previously: Managing Director AMP Capital Investors (New Zealand) Limited (3 years, 8 months)

Michael Gray

Currently: Head of Investments NZ AMP Capital Investors (New Zealand) Limited (0 years, 9 months)
Previously: Founder of MJ Gray Consulting Limited (0 years, 6 months)

Trent Loi

Currently: Portfolio Manager Market Solutions AMP Capital Investors Limited (8 years, 1 months)
Previously: Senior Analyst AMP Capital Investors Limited (1 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Dec. 31st 2021.

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.