Funds
Mercer Macquarie Real Return Opportunities 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:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Human Rights Violations
-
Ubs Group AG 0.06%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
-
Teva Pharmaceutical Finance Nether 5.125 09-May-2029 (Senior Unsecured) 0.02%
Public Safety
Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.
-
Ubs Group AG 0.06%
Environmental Harm
-
Duke Energy Corp 0.05%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Duke Energy Corp 0.05%
Animal Cruelty
-
Firmenich International SA Perp 3.75 31-Dec-2079 Reg-S (Sub) 0.04%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
-
Firmenich International SA Perp 3.75 31-Dec-2079 Reg-S (Sub) 0.04%
Fossil Fuels
-
Jefferies Group Llc 2.625 15-Oct-2031 (Senior Unsecured) 0.14%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Southern Co 0.10%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
-
Duke Energy Corp 0.05%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Santos Finance Ltd 0.05%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Delta Air Lines Inc 0.04%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Galaxy Pipeline Assets 0.04%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Jefferies Financial Group Inc 6.05 12-Mar-2025 (Senior Unsecured) 0.04%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Ascent Resources Utica Holdings Ll 5.875 30-Jun-2029 144A (Senior Unsecured) 0.03%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Laredo Petroleum Inc 7.75 31-Jul-2029 144A (Senior Unsecured) 0.03%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Aes Andes SA 6.3 15-Mar-2029 144A (Senior Unsecured) 0.02%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
-
First Quantum Minerals Ltd 6.875 15-Oct-2027 144A (Senior Unsecured) 0.02%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Geopark Ltd 0.02%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Infraestructura Energeti 0.02%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Jefferies Financial Group Inc 5.875 21-Jul-2028 (Senior Unsecured) 0.02%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Sierracol Energy Andina Llc 6.0 15-Jun-2028 144A (Senior Unsecured) 0.02%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Transportadora De Gas Del Sur SA 6.75 02-May-2025 144A (Senior) 0.02%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Ascent Resources Utica Holdings Ll 7.0 01-Nov-2026 144A (Senior) 0.01%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Canacol Energy Ltd 0.01%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Enn Energy Holdings Ltd 0.01%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Summit Digitel Infrastr 0.01%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Thaioil Trsry Center 0.01%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Jefferies Group Llc 2.625 15-Oct-2031 (Senior Unsecured) 0.14%
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 2024 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 diversified fund that aims to generate a positive return above inflation and to actively respond to changing market conditions with a flexible approach to investing. Environmental, Social and Governance characteristics are integrated into the underlying investment managers' investment processes. The fund aims to provide a Real Return of greater than 4% per annum over a rolling five year period.
| Value | $8.29M NZD |
| Period of data report | 31st March 2024 |
| Fund started | 11th Dec. 2013 |
| Total annual fund fees | 1.33% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.15% |
| Other management and administration charges | 0.18% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Ross Butler |
Currently: Chair - Mercer (N.Z.) Ltd (0 years, 11 months) |
|
Martin Lewington |
Currently: CEO - Mercer (N.Z.) Ltd (15 years, 1 months) |
|
Kylie Willment |
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (6 years, 5 months) |
|
Padraig Brown |
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (1 years, 10 months) |
|
Robert Kavanagh |
Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (10 years, 0 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2024.
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 |
|---|---|---|
| 2024 | 14.61% | 2.7% |
| 2023 | -4.85% | -2.82% |
| 2022 | 3.53% | 1.01% |
| 2021 | 35.55% | 13.52% |
| 2020 | -7.06% | -5.14% |
| 2019 | 10.17% | -0.42% |
| 2018 | 7.53% | 2.51% |
| 2017 | 9.49% | 6.75% |
| 2016 | 4.71% | -0.11% |
| 2015 | 14.67% | 9.37% |
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 2024.
Top 10 Investments
-
Macquarie Real Return Opportunities Fund
Australia Other90.19% -
Westpac New Zealand Ltd Rcd 27/06/24
New Zealand NZ Fixed Interest AA-0.21% -
Mufg Bank Ltd Auckland Branch Frn 05/11/24
New Zealand NZ Fixed Interest A0.19% -
ASB Bank Ltd Rcd 15/07/24
New Zealand Cash and Equivalents AA-0.18% -
Westpac New Zealand Ltd Rcd 08/07/24
New Zealand Cash and Equivalents AA-0.17% -
Kiwibank Ltd Corporate Bond 2.155% Maturing 20/09/24
New Zealand NZ Fixed Interest0.16% -
New Zealand Local Government Funding Agency Bond 2.25% Maturing 15/04/24
New Zealand Cash and Equivalents AAA0.16% -
Rabobank Nederland Frn 16/06/25
New Zealand NZ Fixed Interest A+0.15% -
ANZ Bank New Zealand Ltd Rcd 12/04/24
New Zealand Cash and Equivalents AA-0.13% -
ASB Bank Ltd Rcd 15/05/24
New Zealand Cash and Equivalents AA-0.13%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 9.81% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 95.0% | 90.19% |
| 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 March 2024.