Mercer KiwiSaver Scheme
Mercer Cash Fund

In their own words: "Invests mainly in cash and short term interest bearing investments. Designed for investors who want no exposure to growth assets or where the funds may be required in the shorter term. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance."

At a glance:

Mindful Fund
Type: Defensive fund
Past Returns: *1.48%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 0.37%

Annual fees, including membership and % management fee.

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More information:

A summary of this fund and it's details.

Number FND11
Name Mercer Cash Fund
Risk profile Defensive fund
Description Invests mainly in cash and short term interest bearing investments. Designed for investors who want no exposure to growth assets or where the funds may be required in the shorter term. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance.
Value $18M NZD
Members 1,010
Market index description The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives. Also refer to the Market index explanation document in the Documents section.
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Mon Oct. 1st 2007
Three-year average return *1.48%
Market index past year return 1.88%
Past year return net charges and tax 1.41%
Past year return net of charges gross of tax 1.93%
Market index return since fund started 2.66%
Return since fund started net 2.13%
Total annual fund fees 0.37%
Total performance based fees 0.0%
Manager's basic fee 0.32%
Administration charges 0.05%
Total other charges 30.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 2.26% 1.5%
2018 2.15% 1.47%
2017 1.38% 1.61%
2016 2.64% 2.28%
2015 4.66% 2.62%
2014 2.00% 2.01%
2013 3.15% 1.93%
2012 3.62% 2.32%
2011 3.17% 3.2%
2010 3.39% 2.78%

The market index is the average NZ KiwiSaver 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 KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • AMP Capital Investors NZ Cash Fund
    New Zealand Cash and Equivalents NA
    98.27%
  • BNP New Zealand Dollar Custodial Account Indexed Cash Portfolio
    New Zealand Cash and Equivalents NA
    1.43%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    0.3%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 100.0% 100.0%
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%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (1 years, 11 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (10 years, 7 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 2 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (0 years, 6 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ross Butler

    Currently: Chairman - Mercer (N.Z.) Ltd (6 years, 9 months)
    Previously: Chairman - Mercer Investment Nominees (NZ) Ltd (2 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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 KiwiSaver fund has filed with the Disclose register to 30 September 2019 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.