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.

This fund has no investments in issues of concern

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 2023 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

Invests entirely 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.

Mercer is one of the world’s leading firms for superannuation, investments and workforce consulting, with over 25,000 colleagues worldwide helping build brighter futures for our customers and clients. Mercer has been helping Kiwis save for their best possible retirement for over 60 years. Our team of investment experts search the globe to find some of the best and most diverse investments to help maximise KiwiSaver returns and we invest responsibly.

Value $36.0M NZD
Period of data report 30th Sept. 2023
Members 1,381
Fund started 1st Oct. 2007
Total annual fund fees 0.32%
Total performance based fees 0.0%
Manager's basic fee 0.28%
Other management and administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (0 years, 5 months)
Previously: Director Investments (Australia) Limited (current) (10 years, 1 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (14 years, 7 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (5 years, 11 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Padraig Brown

Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (1 years, 4 months)
Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

Robert Kavanagh

Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (9 years, 6 months)
Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.

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
2023 -0.13% 2.2%
2022 -1.68% 0.26%
2021 1.56% 0.19%
2020 1.64% 1.11%
2019 2.37% 1.5%
2018 2.05% 1.47%
2017 1.53% 1.61%
2016 2.72% 2.28%
2015 4.23% 2.62%
2014 2.00% 2.01%

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 KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.

Top 10 Investments

  • Westpac New Zealand Bank Ltd Rcd Maturing 29/11/2023
    New Zealand Cash and Equivalents AA-
    4.78%
  • Bank Of New Zealand - Cash Account
    New Zealand Cash and Equivalents AA-
    3.69%
  • Bank Of New Zealand - Rcd Maturing 01/11/2023
    New Zealand Cash and Equivalents AA-
    3.6%
  • Westpac New Zealand Bank Ltd Rcd Maturing 08/12/2023
    New Zealand Cash and Equivalents AA-
    3.58%
  • ASB Bank Limited Rcd Maturing 13/12/2023
    New Zealand Cash and Equivalents AA-
    3.57%
  • New Zealand Local Government Treasury Bill 28/11/2023
    New Zealand Cash and Equivalents AAA
    2.99%
  • Kiwibank Limited Rcd Maturing 23/11/2023
    New Zealand Cash and Equivalents
    2.75%
  • Bank Of New Zealand 3.648% 16/11/2023
    New Zealand Cash and Equivalents AA-
    2.49%
  • China Construction Bank Corporation Term Deposit 6.28% Maturing 20/11/2023
    New Zealand Cash and Equivalents A
    2.44%
  • Rabobank New Zealand Limited Rcd Maturing 28/06/2024
    New Zealand Cash and Equivalents A
    2.41%
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%
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.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.