Funds

Mercer Macquarie Real Return Opportunities Fund

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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

    • BHP Group Ltd 0.55%
    • Woodside Energy Group Ltd 0.24%
    • Santos Ltd 0.19%
    • Santos Finance Ltd. 0.18%
    • Ampol Ltd 0.17%
    • South32 Ltd 0.17%
    • Apa Infrastructure Ltd 0.15%
    • Origin Energy Ltd 0.12%
    • Origin Energy Finance Ltd 0.09%
    • Equinor Asa 0.07%
    • Shell PLC 0.07%
    • Coterra Energy Inc 0.05%
    • Nextera Energy Inc 0.04%
    • Cheniere Energy Partners Lp 0.03%
    • Conocophillips 0.03%
    • Contact Energy Ltd 0.03%
    • Devon Energy Corporation 0.03%
    • Eqt Corp 0.03%
    • Mitsubishi Corporation 0.03%
    • Pertamina Persero Pt 0.03%
    • Aes Corporation (The) 0.02%
    • Aker BP Asa 0.02%
    • Cenovus Energy Inc 0.02%
    • Delta Air Lines Inc 0.02%
    • Enbridge Inc 0.02%
    • Guangdong Investment Limited 0.02%
    • Iberdrola SA 0.02%
    • Mc Brazil Downstream Trading Sarl 0.02%
    • Nrg Energy Inc 0.02%
    • Occidental Petroleum Corporation 0.02%
    • Reliance Industries Ltd 0.02%
    • Sempra Energy 0.02%
    • Sinochem Offshore Capital Co Ltd 0.02%
    • Targa Resources Partners Lp 0.02%
    • Beach Energy Ltd 0.01%
    • Brickworks Ltd 0.01%
    • Cheniere Energy Inc 0.01%
    • Coronado Global Resources Inc 0.01%
    • Ecopetrol SA 0.01%
    • Eni Spa 0.01%
    • Galaxy Pipeline Assets Bidco Ltd 0.01%
    • Gc Treasury Center Co Ltd 0.01%
    • Hess Midstream Operations Lp 0.01%
    • Inpex Corp 0.01%
    • Lg Uplus Corp 0.01%
    • Marathon Petroleum Corp 0.01%
    • Mplx Lp 0.01%
    • Nisource Inc 0.01%
    • Repsol SA 0.01%
    • Southwestern Energy Company 0.01%

  • Weapons

    • Amphenol Corporation 0.02%
    • Airbus Se 0.01%
    • L3Harris Technologies Inc 0.01%

  • Gambling

    • Aristocrat Leisure Ltd 0.04%
    • Churchill Downs Incorporated 0.02%
    • Las Vegas Sands Corp 0.02%

  • Alcohol

    • Metcash Ltd 0.08%
    • Anheuser-Busch Inbev Worldwide Inc 0.03%
    • Diageo PLC 0.03%
    • United Malt Group Ltd 0.03%

  • GMOs

    • Corteva Inc 0.03%

  • Human Rights & Environmental Violations

    • BHP Group Ltd 0.54%
    • Rio Tinto Ltd 0.27%
    • Johnson & Johnson 0.08%
    • Shell PLC 0.07%
    • Nestle SA 0.06%
    • Corteva Inc 0.02%
    • Thermo Fisher Scientific Inc 0.02%
    • Wells Fargo & Company 0.02%
    • Bunge Limited Finance Corporation 0.01%
    • Credit Suisse Group AG 0.01%

  • Animal Cruelty

    • Pepsico Inc 0.08%
    • Nestle SA 0.07%
    • Shell PLC 0.07%
    • Orica Ltd 0.06%
    • Procter & Gamble Co 0.04%
    • Corteva Inc 0.03%
    • Mitsubishi Corporation 0.03%
    • Aker BP Asa 0.02%
    • China Ping An Insurance Overseas (Holdings) Ltd 0.02%
    • Coca-Cola Co 0.02%
    • Colgate-Palmolive Co 0.02%
    • Daikin Industries Ltd 0.02%
    • Kimberly-Clark Corporation 0.02%
    • Kraft Heinz Foods Co 0.02%
    • LVMH Moet Hennessy Louis Vuitton Se 0.02%
    • Loreal SA 0.02%
    • Reliance Industries Ltd 0.02%
    • Sinochem Offshore Capital Co Ltd 0.02%
    • 3M Co 0.01%
    • Croda International PLC 0.01%
    • Eni Spa 0.01%
    • Estee Lauder Companies Inc. (The) 0.01%
    • Gc Treasury Center Co Ltd 0.01%
    • Sherwin-Williams Company (The) 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 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.

Value $31M NZD
Period of data report 31st Dec. 2022
Fund started 11th Dec. 2013
Total annual fund fees 1.42%
Total performance based fees 0.0%
Manager's basic fee 1.15%
Other management and administration charges 0.27%
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)
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, 10 months)
Previously: Head of Fixed Income, AMP Capital Investors (New Zealand) Limited (5 years, 1 months)

Grant Hassell

Currently: Chair, Macquarie Asset Management (NZ) Limited (0 years, 10 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, 10 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, 10 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 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 0.18%
Animal Cruelty 0.74%
Fossil Fuels 3.03%
Gambling 0.16%
GMOs 0.03%
Human Rights & Environmental Violations 1.25%
Palm Oil 0.01%
Tobacco 0.01%
Weapons 0.07%

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 -0.26% 1.01%
2021 8.99% 13.52%
2020 0.27% -5.14%
2019 4.19% -0.42%
2018 3.39% 2.51%
2017 3.28% 6.75%
2016 2.92% -0.11%
2015 8.63% 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 Dec. 2022.

Top 10 Investments

  • Mps Global Alternatives Fund Prvt
    Australia Other
    9.03%
  • National Australia Bank Ltd Mtn (Mat 3/8/32)
    Australia Int Fixed Interest BBB+
    1.31%
  • Australia (Commonwealth Of) Regs (Mat 20/9/25)
    Australia Int Fixed Interest AAA
    1.18%
  • New Zealand (Government Of) Regs (Mat 20/9/35)
    New Zealand NZ Fixed Interest AAA
    1.05%
  • Ampol Ltd Regs (Mat 9/12/80)
    Australia Int Fixed Interest
    0.9%
  • Santos Finance Ltd. Mtn Regs (Mat 13/3/29)
    Australia Int Fixed Interest BBB-
    0.85%
  • Australia and New Zealand Banking Regs (Mat 26/7/29)
    Australia Int Fixed Interest BBB+
    0.64%
  • Ing Groep Nv Mtn Regs (Mat 11/4/28)
    Netherlands Int Fixed Interest BBB
    0.61%
  • Dbs Group Holdings Ltd Mtn Regs (Mat 16/3/28)
    Singapore Int Fixed Interest
    0.6%
  • Qbe Insurance Group Ltd (Mat 25/8/36)
    Australia Int Fixed Interest
    0.6%
Type Target Actual
Cash and Cash Equivalents 5.0% 16.35%
New Zealand Fixed Interest 0.0% 7.03%
International Fixed Interest 0.0% 56.96%
Australasian Equities 0.0% 5.1%
International Equities 0.0% 5.53%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 95.0% 9.03%
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.