Macquarie Global Allocation

Shareclass

Macquarie Glbl Allocation R6 (IWGNX)

Type

Open-end mutual fund

Manager

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments

7.43%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

6.82%

of assets flagged

This fund contains

$32.76 MILLION invested

in holdings flagged for deforestation risk

Take action

Commodity producers

4 holdings

0.68% of assets

$3.26 MILLION invested

Banks and lenders

11 holdings

1.79% of assets

$8.59 MILLION invested

Major consumer brands

23 holdings

4.37% of assets

$21.01 MILLION invested

Commodity producers

4 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

4 HOLDINGS

% of portfolio
$ invested
1. Mondi PLC
0.34%0.34% of portfolio
$1.63M$1.63M invested
2. Marubeni Corp
0.32%0.32% of portfolio
$1.53M$1.53M invested
3. JBS SA
0.02%0.02% of portfolio
$73,581$73,581 invested
4. Tyson Foods Inc Class A
<0.01%<0.01% of portfolio
$27,526$27,526 invested

Banks and lenders

11 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

11 HOLDINGS

% of portfolio
$ invested
1. ING Groep NV
0.44%0.44% of portfolio
$2.13M$2.13M invested
2. Banco Bilbao Vizcaya Argentaria SA
0.34%0.34% of portfolio
$1.62M$1.62M invested
3. Mitsubishi UFJ Financial Group Inc
0.3%0.3% of portfolio
$1.45M$1.45M invested
4. JPMorgan Chase & Co
0.19%0.19% of portfolio
$932,140$932,140 invested
5. Morgan Stanley
0.17%0.17% of portfolio
$812,918$812,918 invested

View next 5

Major consumer brands

23 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

23 HOLDINGS

% of portfolio
$ invested
1. Amazon.com Inc
1.24%1.24% of portfolio
$5.96M$5.96M invested
2. Compass Group PLC
0.43%0.43% of portfolio
$2.08M$2.08M invested
3. Costco Wholesale Corp
0.36%0.36% of portfolio
$1.72M$1.72M invested
4. The Home Depot Inc
0.26%0.26% of portfolio
$1.24M$1.24M invested
5. CVS Health Corp
0.22%0.22% of portfolio
$1.08M$1.08M invested

View next 5

View more info

DATA AS OF 31 Mar 2025

See the impact of your investments

Regular updates on sustainability risks and ethical concerns in everyday investment products

Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

Macquarie Global Allocation IWGNX

Environment

Fossil fuels

Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation

Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality

Gender equality group ranking, based on Equileap company data

Civilian firearms

Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex

Investments in prisons and borders industry, including private prison operators

Military weapons

Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco

Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

Search more funds

Financial performance

Performance data provided by

Find more financial data on IWGNX at Morningstar.com

Current fund

IWGNX

Macquarie Global Allocation

Family

Macquarie

Category

Global Moderate Allocation

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 5/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: Not available

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-8.58% less in annualized returns

More invested in commodity producers

0.51% more invested

Less invested in banks and lenders

0.85% less invested

Less invested in major consumer brands

7.1% less invested

Current fund

IWGNX

Macquarie Global Allocation

Family

Macquarie

Category

Global Moderate Allocation

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 5/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: Not available

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-8.58% less in annualized returns

More invested in commodity producers

0.51% more invested

Less invested in banks and lenders

0.85% less invested

Less invested in major consumer brands

7.1% less invested

Current fund

IWGNX

Macquarie Global Allocation

Family

Macquarie

Category

Global Moderate Allocation

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 5/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: Not available

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-8.58% less in annualized returns

More invested in commodity producers

0.51% more invested

Less invested in banks and lenders

0.85% less invested

Less invested in major consumer brands

7.1% less invested

Month-end trailing returns

Performance as of date: 5/31/25

Morningstar suggested benchmark: Morningstar Mod Tgt Risk TR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
IWGNX - Macquarie Global Allocation

9.29%

7.42%

8.19%

4.25%

0.68%

Benchmark

13%

14%

16%

13%

0.17%

Fund compared to benchmark

-4.2%

-6.96%

-7.72%

-8.58%

0.51% higher

Find more financial data on IWGNX at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

SUPPORT THE PETITION

Find top-graded funds that avoid deforestation-risk investments.

FIND TOP-SCORING FUNDS

Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.

CHECK FOR FOSSIL FUELS

Disclaimer: As You Sow is not an investment adviser

As You Sow is not an investment adviser as that term is defined under federal and state (California) laws and regulations. As You Sow is a tax-exempt, nonprofit organization dedicated to educating and empowering shareholders to change corporations for the good through the collection, analysis and dissemination of relevant information to the public, free of charge. As You Sow does not provide financial planning, legal or tax advice. Nothing on this website shall constitute or be construed as an offering of financial instruments, or as investment advice or investment recommendations.
See our full disclaimer