Funds

Mercer Macquarie Australian Shares 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 9.94%
    • Woodside Energy Group Ltd 3.10%
    • Santos Ltd 1.28%
    • South32 Ltd 0.95%
    • Whitehaven Coal Ltd 0.55%
    • Apa Group 0.54%
    • Origin Energy Ltd 0.49%
    • Ampol Ltd 0.40%
    • New Hope Corp Ltd 0.29%
    • Agl Energy Ltd 0.27%
    • Washington H Soul Pattinson & Co Ltd 0.26%
    • Viva Energy Group Ltd 0.23%
    • Beach Energy Ltd 0.18%
    • Coronado Global Resources Inc 0.16%
    • Brickworks Ltd 0.12%
    • Karoon Energy Ltd 0.05%

  • Gambling

    • Aristocrat Leisure Ltd 1.31%
    • Lottery Corp Ltd/The 0.47%
    • Tabcorp Holdings Ltd 0.11%
    • The Star Entertainment Group Limited 0.07%

  • Alcohol

    • Treasury Wine Estates Ltd 0.44%
    • Endeavour Group Ltd/Australia 0.43%
    • Metcash Ltd 0.18%

  • Human Rights & Environmental Violations

    • BHP Group Ltd 9.94%
    • Rio Tinto Ltd 1.77%
    • Nufarm Ltd/Australia 0.13%

  • Animal Cruelty

    • Orica Ltd 0.36%
    • Nufarm Ltd/Australia 0.13%
    • Graincorp Ltd 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 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 portfolio of Australian shares across a range of industries and sectors. Environmental, Social and Governance characteristics are integrated into the underlying investment manager’s investment process.

Value $300M NZD
Period of data report 31st Dec. 2022
Fund started 17th Sept. 1996
Total annual fund fees 0.47%
Total performance based fees 0.0%
Manager's basic fee 0.45%
Other management and administration charges 0.02%
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 0.00%
Alcohol 1.06%
Animal Cruelty 0.56%
Fossil Fuels 18.83%
Gambling 1.96%
GMOs 0.00%
Human Rights & Environmental Violations 11.84%
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 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 3.19% 11.86%
2021 36.07% 41.8%
2020 -7.33% -16.45%
2019 10.16% 7.78%
2018 7.53% -1.21%
2017 9.49% 10.84%
2016 4.71% -5.01%
2015 14.67% 10.09%
2014 10.13% -3.93%
2013 13.93% 15.76%

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

  • BHP Group Ltd
    Australia Australasian Equities
    11.0%
  • Commonwealth Bank Of Australia
    Australia Australasian Equities
    8.21%
  • CSL Ltd
    Australia Australasian Equities
    6.57%
  • National Australia Bank Ltd
    Australia Australasian Equities
    4.61%
  • Westpac Banking Corporation Corp
    Australia Australasian Equities
    3.83%
  • ANZ Group Holdings Ltd Def
    Australia Australasian Equities
    3.45%
  • Woodside Energy Group Ltd
    Australia Australasian Equities
    3.16%
  • Macquarie Group Ltd Def
    Australia Australasian Equities
    2.9%
  • Wesfarmers Ltd
    Australia Australasian Equities
    2.31%
  • Telstra Group Ltd
    Australia Australasian Equities
    2.22%
Type Target Actual
Cash and Cash Equivalents 0.0% 2.06%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 100.0% 97.94%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
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.