AMP Mercer Balanced Fund

In their own words: "The fund invests in a wide range of assets which may be suitable for long-term investors who want a diversified investment with exposure to shares, real assets, alternative assets, fixed interest and cash. The fund aims to achieve enhanced longer term returns from the 55% benchmark allocation to growth assets."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 5.96%

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

Annual Fees: 1.32%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND138
Name AMP Mercer Balanced Fund
Risk profile Balanced fund
Description The fund invests in a wide range of assets which may be suitable for long-term investors who want a diversified investment with exposure to shares, real assets, alternative assets, fixed interest and cash. The fund aims to achieve enhanced longer term returns from the 55% benchmark allocation to growth assets.
Value $52M NZD
Members 2,038
Market index description A composite index is calculated using the target investment mix weightings of the underlying market and peer group indices for the asset classes that the fund invests into. Additional information about the market index is available on the offer register.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Mon Oct. 1st 2007
Three-year average return 5.96%
Market index past year return 14.59%
Past year return net charges and tax 12.02%
Past year return net of charges gross of tax 13.37%
Market index return since fund started 8.12%
Return since fund started net 6.27%
Total annual fund fees 1.32%
Total performance based fees 0.0%
Manager's basic fee 1.12%
Administration charges 0.2%
Total other charges 23.4
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 5.68% 5.42%
2018 5.63% 6.1%
2017 6.10% 6.35%
2016 4.01% 4.84%
2015 11.09% 9.4%
2014 7.28% 7.34%
2013 10.75% 9.03%
2012 1.75% 0.5%
2011 5.30% 4.67%
2010 16.19% 15.69%

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:

  • Mercer Balanced Portfolio
    New Zealand Fund N/A
    100.0%

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 10.0% 13.82%
New Zealand Fixed Interest 10.0% 8.67%
International Fixed Interest 25.0% 20.36%
Australasian Equities 10.0% 8.25%
International Equities 31.5% 34.7%
Listed Properties 3.0% 3.0%
Unlisted Properties 3.0% 3.26%
Unknown None% 0.0%
Other 6.0% 6.39%
Commodities 1.5% 1.55%

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

Key Personnel

  • Blair Robert Vernon

    Currently: Investment Committee Member (8 years, 6 months)
    Previously: Chief Executive, AMP Wealth Management New Zealand (1 years, 0 months)

  • Jeffery Darren Ruscoe

    Currently: Investment Committee Member (0 years, 9 months)
    Previously: Chief Client Officer, AMP Wealth Management New Zealand (0 years, 9 months)

  • Timothy Pritchard

    Currently: Investment Committee Member (0 years, 9 months)
    Previously: General Counsel, AMP Wealth Management New Zealand (1 years, 7 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:
    0.45%
  • Animal Testing:
    1.27%
  • Fossil Fuels:
    1.72%
  • Gambling:
    0.38%
  • GMOs:
    0.25%
  • Human Rights & Environmental Violations:
    0.74%
  • Palm Oil:
    0.07%
  • Tobacco:
    0.01%
  • Weapons:
    0.10%

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:

Fossil Fuel

Rubis Eur1.25 0.11%
BHP Group Plc 0.08%
Total Sa 0.06%
Gazprom Pjsc Spon Adr 0.06%
Enbridge Inc 0.05%
China Petroleum & Chemical 0.05%
Snam Spa 0.04%
Royal Dutch Shell Plc-B Shs 0.04%
Kirby Corp 0.04%
Eog Resources Inc 0.04%
BHP Group Limited Ordinary Fully Paid 0.04%
Koninklijke Vopak Nv 0.04%
Apache Corp 0.03%
Omv Ag 0.03%
Lyondellbasell Industries 0.03%
Eni Spa 0.03%
Cnooc Ltd 0.03%
Engie Aug5 0.03%
Repsol Sa 0.03%
Chevron Corp 0.03%
Exxon Mobil Corporation 0.03%
Valero Energy Corp 0.02%
Anglo American Plc (Sa Line) 0.02%
Royal Dutch Shell Plc - A Shares 0.02%
Petrochina Co Ltd H 0.02%
Novatek Pjsc 0.02%
Phillips 66 Com Usd0.01 0.02%
Bp P.L.C 0.02%
Atco Ltd 0.02%
Anglo American Platinum Limited 0.02%
Marathon Petrol Com 0.02%
Tatneft Pjsc Ads 0.02%
Anglo American Plc 0.02%
Apa Group 0.02%
Polski Koncern Naftowy 0.02%

Weapons

Leonardo Spa 0.02%
Safran Sa 0.02%
Axon Enterprise I Com USD 0.00001 0.02%
Raytheon Company 0.01%
Rheinmetall Ag 0.01%

Tobacco

Gambling

Skycity Entertainment Group Limited 0.18%
Aristocrat Leisure Ltd 0.12%
Sands China Limited 0.02%
Genting Berhad 0.01%

Alcohol

Diageo Ord 28 101/108P 0.10%
Pernod-Ricard Sa 0.05%
Carlsberg As - B 0.05%
Molson Coors Brewing Co B 0.02%
Ambev Sa Com Npv 0.02%
Lvmh Moet Hennessy Vuitton Se 0.02%
Greene King Plc 0.01%
Constellation Brands Inc 3.15% 08-01-2029 Beo 0.01%
Tsingtao Brewery Company Limited 0.01%
Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.01%
Anheuser-Busch Cos Llc Corp 4.9% 02-01-2046 0.01%
Want Want China Holdings Ltd 0.01%
Anheuser-Busch 4.375% Due 04-15-2038 0.01%
Christian Dior Se 0.01%

Palm Oil

Brown Brown Inc 0.02%
Genting Berhad 0.01%

GMOs

Novartis Ag - Chf0.50 (Regd) 0.21%
Nutrien Ltd 3.375% Due 03-15-2025 0.01%
Novartis Adr Sponsored 0.01%

Human Rights & Environmental Violations

Johnson & Johnson Com US$1 0.13%
Nestle Sa 0.13%
BHP Group Plc 0.08%
Sempra Energy USD 0.05%
Royal Dutch Shell Plc-B Shs 0.04%
BHP Group Limited Ordinary Fully Paid 0.04%
Chevron Corp 0.03%
Royal Dutch Shell Plc - A Shares 0.02%
Petrochina Co Ltd H 0.02%
Jbs Sa 0.02%
Tokyo Electric Power Company Holdings Incorporated 0.02%
Centerra Gold Inc 0.02%
Leonardo Spa 0.02%
Vale Sa 0.01%
Petroleo Brasileiro Petrobras Sa 0.01%
Nutrien Ltd 3.375% Due 03-15-2025 0.01%
Genting Berhad 0.01%

Animal Testing

Johnson & Johnson Com US$1 0.130%
Nestle Sa 0.130%
Procter & Gamble Company 0.130%
Pepsico Inc Cap US$0.01 2/3 0.080%
Coca Cola Co USD 0.080%
Estee Lauder Companies 0.070%
Glaxosmithkline Plc 0.060%
Colgate Palmolive Usd1 0.060%
Royal Dutch Shell Plc-B Shs 0.040%
Unilever Nv Eur0.16 0.040%
Unilever Plc 0.030%
Kimberly Clark Corp Com Usd1.25 0.030%
Chevron Corp 0.030%
Walgreens Boots Al Com Usd0.01 0.020%
Royal Dutch Shell Plc - A Shares 0.020%
Albermarle Corp 0.020%
Unilever Nv 0.020%
Orica Limited 0.020%
Lvmh Moet Hennessy Vuitton Se 0.020%
Church & Dwight Co 0.020%
L'Oreal 0.020%
Usana Helath Sciences Inc 0.010%
Glaxosmithkline 6.375% Due 05-15-2038 0.010%
Victrex Plc 0.010%
Mitsui Chemicals Inc 0.010%
Glaxosmithkline Ca 0% Gtd Snr 12/09/2020Eur 0.010%
Christian Dior Se 0.010%

Download the fund's disclosure statement and portfolio holdings.

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