Funds
Mercer Income Generator 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
- Contact Energy Ltd 1.01%
- BHP Group Ltd 0.82%
- Woodside Energy Group Ltd 0.67%
- Enbridge Inc 0.61%
- National Grid PLC 0.40%
- Sempra Energy 0.38%
- Tc Energy Corp 0.33%
- Contact Energy Ltd - 15/11/2022 0.29%
- Genesis Energy Ltd 0.27%
- Origin Energy Ltd 0.27%
- Cheniere Energy Inc 0.26%
- Kinder Morgan Inc 0.26%
- Ppl Corp 0.21%
- Clp Holdings Ltd 0.15%
- Atmos Energy Corp 0.14%
- Snam Spa 0.14%
- Gibson Energy Inc 0.13%
- Oneok Inc 0.13%
- American Electric Power Co Inc 0.12%
- Koninklijke Vopak Nv 0.11%
- Nisource Inc 0.11%
- Cms Energy Corp 0.10%
- South32 Ltd 0.07%
- Ameren Corp 0.04%
- Nextera Energy Inc 0.04%
- Ck Asset Holdings Ltd 0.02%
Gambling
- Skycity Entertainment Group Ltd 0.33%
- Vici Properties Inc 0.06%
Alcohol
- Metcash Ltd 0.17%
- Redcape Hotel Group 0.15%
- Treasury Wine Estates Ltd 0.11%
Human Rights & Environmental Violations
- BHP Group Ltd 0.82%
- Rio Tinto Ltd 0.21%
- Credit Suisse Group AG - 05/06/2026 0.04%
- Thermo Fisher Scientific Inc - 01/03/2028 0.02%
- Wells Fargo & Co - 25/04/2053 0.02%
Animal Cruelty
- Orica Ltd 0.17%
- Graincorp Ltd 0.07%
- Argentum Netherlands Bv For Zurich Insurance Co Ltd - 01/10/2046 0.02%
- Coca-Cola Co/The - 01/06/2030 0.02%
- Dupont De Nemours Inc - 15/11/2028 0.02%
- Kraft Heinz Foods Co - 01/04/2030 0.02%
- Pepsico Inc - 15/10/2027 0.02%
- Unilever Finance Netherlands Bv - 12/02/2027 0.02%
- Koninklijke Dsm Nv - 23/06/2032 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 aims to provide a gross fixed monthly income in excess of bank deposit rates, along with a positive return on capital over the long term. To achieve this, the fund invests in a diversified mix of growth and defensive assets, with a focus on reliable income generation. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes.
| Value | $51M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 30th June 2014 |
| Total annual fund fees | 0.92% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.8% |
| Other management and administration charges | 0.12% |
| 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 | 0.00% | |
| Alcohol | 0.43% | |
| Animal Cruelty | 0.43% | |
| Fossil Fuels | 7.09% | |
| Gambling | 0.39% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 1.15% | |
| Palm Oil | 0.01% | |
| 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 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 | 0.34% | 4.03% |
| 2021 | 17.46% | 16.77% |
| 2020 | -1.59% | -3.82% |
| 2019 | 4.47% | 7.28% |
| 2018 | 4.41% | 3.19% |
| 2017 | 5.71% | 4.88% |
| 2016 | 3.06% | 4.46% |
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
-
New Zealand (Government Of) Ilbnd (Mat 20/9/25)
New Zealand NZ Fixed Interest AAA5.76% -
New Zealand (Government Of) Ilbnd (Mat 20/9/30)
New Zealand NZ Fixed Interest AAA4.77% -
Fisher and Paykel Healthcare Corpo
New Zealand Australasian Equities2.59% -
Spark New Zealand Ltd
New Zealand Australasian Equities2.16% -
Mainfreight Ltd
New Zealand Australasian Equities1.45% -
ASB Bank Ltd Regs (Mat 7/9/23)
New Zealand NZ Fixed Interest AA-1.42% -
Auckland International Airport Ltd
New Zealand Australasian Equities1.35% -
Ebos Group Ltd
New Zealand Australasian Equities1.3% -
Contact Energy Ltd
New Zealand Australasian Equities1.3% -
Infratil Ltd
New Zealand Australasian Equities1.19%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 3.95% |
| New Zealand Fixed Interest | 25.0% | 34.48% |
| International Fixed Interest | 25.0% | 17.84% |
| Australasian Equities | 30.0% | 29.73% |
| International Equities | 5.0% | 9.2% |
| Listed Properties | 5.0% | 4.8% |
| 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.