Mercer Conservative Fund

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Mindful Fund
Type: Conservative fund
Past Returns: 2.90%

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

Annual Fees: 0.57%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

Apache Corp 151028 4.375 Cb 0.02%
Apt Pipelines Ltd 150727 4.25 Cb 0.11%
Basf Se 0.01%
BP Capital Markets America Inc 160127 3.017 Cb 0.10%
Chevron Corp 110530 2.236 Cb 0.09%
Coca Cola Co USD 0.04%
Dominion Energy Inc 0.01%
Enbridge Inc 0.02%
Enel Finance International Nv 250527 3.625 Cb 0.09%
Enel Spa 0.01%
Eneos Holdings Inc 0.02%
Eni Spa 120928 4.75 Cb 0.08%
Equinor Asa 220530 2.375 Cb 0.11%
Exxon Mobil Corp 151030 2.61 Cb 0.10%
Gaz Capital SA 171123 3.125 Cb 0.02%
Genesis Energy Ltd 0.06%
Iberdrola Finanzas SA 130927 1.25 Cb 0.03%
Iberdrola SA 0.01%
Israel Electric Corp Ltd 140828 4.25 Cb 0.03%
Kinder Morgan Inc 160322 1.50 Cb 0.02%
Korea Gas Corp 120224 3.875 Cb 0.02%
Midamerican Energy Holdings Co 010436 6.125 Cb 0.09%
Naturgy Finance Bv 290128 1.50 Cb 0.10%
Nextera Energy Capital Holdings Inc 010525 2.75 Cb 0.09%
Nextera Energy Inc 0.02%
Nextera Energy Inc Common Stock USD.01 0.04%
Noble Energy Inc 150128 3.85 Cb 0.01%
Oneok Partners Lp 011022 3.375 Cb 0.09%
Orsted A/S Common Stock Dkk10.0 0.10%
Petroleos Mexicanos 020622 8.25 Cb 0.01%
Phillips 66 060423 3.70 Cb 0.07%
Reliance Industries Ltd 301127 3.667 Cb 0.03%
Rio Tinto Fin Usa 021140 5.2 Cb 0.11%
Rio Tinto PLC Ord 10P Gbp 0.01%
Saudi Arabian Oil Co 160429 3.50 Gb 0.03%
Shell International Finance Bv 131128 3.875 Cb 0.09%
Snam Spa 120934 1.00 Cb 0.08%
Snam Spa 170630 0.75 Cb 0.01%
Total Capital International SA 190229 3.455 Cb 0.08%
Xcel Energy Inc 011229 2.60 Cb 0.09%

Weapons

Tobacco

Alimentation Couche Tard Inc 250130 2.95 Cb 0.02%

Alcohol

Anheuser Busch Companies Inc 010236 4.70 Cb 0.09%
LVMH Moet Hennessy Louis Vuitton Se 110227 1.125 Cb 0.09%

Human Rights & Environmental Violations

Archer Daniels Midland Co 120925 1.00 Cb 0.01%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.01%
Johnson & Johnson Com US$1 0.07%
Johnson + Johnson Common Stock Usd1.0 0.06%
Johnson and Johnson 150837 5.95 Cb 0.09%
Nestle SA 0.06%
Nutrien Ltd 150325 3.375 Cb 0.09%
Rio Tinto Fin Usa 021140 5.2 Cb 0.11%
Rio Tinto PLC Ord 10P Gbp 0.01%
Shell International Finance Bv 131128 3.875 Cb 0.09%

Animal Testing

Air Liquide 0.010%
Air Liquide Finance SA 100929 2.25 Cb 0.090%
Air Products and Chemicals Inc 150530 2.05 Cb 0.110%
Archer Daniels Midland Co 120925 1.00 Cb 0.010%
Basf Se 0.010%
Bayer AG 0.010%
Chr Hansen Holding A/S Common Stock Dkk10. 0.040%
Clorox Co 150530 1.80 Cb 0.090%
Coca Cola Co USD 0.040%
Colgate Palmolive Co 150845 4.00 Cb 0.090%
Colgate Palmolive Usd1 0.010%
Croda International PLC Common Stock Gbp.1060976 0.020%
Danone Common Stock EUR.25 0.030%
Eastman Chemical Co 011228 4.50 Cb 0.020%
Eastman Chemical Co 260523 1.50 Cb 0.080%
Ecolab Inc 011126 2.70 Cb 0.080%
Ecolab Inc Common Stock Usd1.0 0.100%
Estee Lauder Companies Cl A Common Stock USD.01 0.030%
Givaudan Finance Europe Bv 220427 1.00 Cb 0.030%
Givaudan Reg Common Stock Chf10.0 0.020%
Glaxosmithkline Capital Inc 150538 6.375 Cb 0.110%
Glaxosmithkline PLC 0.020%
Hp Inc Common Stock USD.01 0.010%
Johnson & Johnson Com US$1 0.070%
Johnson + Johnson Common Stock Usd1.0 0.060%
Johnson and Johnson 150837 5.95 Cb 0.090%
Kimberly Clark Corp 010837 6.625 Cb 0.090%
Koninklijke Dsm Nv Common Stock Eur1.5 0.060%
L'Oreal 0.020%
Lenzing AG Common Stock 0.020%
Linde PLC 0.020%
Linde PLC Common Stock EUR.001 0.040%
LVMH Moet Hennessy Louis Vuitton Se 110227 1.125 Cb 0.090%
Marico Ltd Common Stock Inr1. 0.020%
Mondelez International Inc 0.010%
Nestle SA 0.060%
Novozymes A/S B Shares Common Stock Dkk2.0 0.010%
Nutrien Ltd 150325 3.375 Cb 0.090%
Pepsico Inc Cap US$0.01 2/3 0.040%
Praxair Inc 100850 2.00 Cb 0.100%
Procter & Gamble Company 0.060%
Procter + Gamble Co/The Common Stock 0.030%
Reckitt Benckiser Group PLC 0.010%
Reliance Industries Ltd 301127 3.667 Cb 0.030%
Shell International Finance Bv 131128 3.875 Cb 0.090%
Sherwin-Williams Company 0.010%
Symrise AG Common Stock 0.100%
Umicore Common Stock 0.010%
Unicharm Corp Common Stock 0.020%
Unilever Nv Common Stock EUR.16 0.030%
Unilever Nv Eur0.16 0.010%
Unilever PLC 0.010%
Unilever PLC Common Stock Gbp.0311 0.050%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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.

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
2020 1.07% 0.97%
2019 4.40% 3.9%
2018 3.80% 3.83%
2017 4.16% 4.0%
2016 3.52% 3.58%
2015 8.10% 7.68%
2014 3.88% 4.56%
2013 6.92% 5.84%
2012 3.16% 3.39%
2011 5.06% 4.44%

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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • AMP Capital Investors NZ Cash Fund
    New Zealand Cash and Equivalents
    30.13%
  • New Zealand Government Bond 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    1.77%
  • New Zealand Government Bond 6% 15/05/2021
    New Zealand NZ Fixed Interest AA+
    1.33%
  • New Zealand Government Bond 3% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    1.28%
  • New Zealand Government Bond 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    1.25%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AA+
    1.18%
  • Housing New Zealand Ltd Bond 2.247% 05/10/2026
    New Zealand NZ Fixed Interest AA+
    0.99%
  • New Zealand Government Bond 2.75% 15/04/2025
    New Zealand NZ Fixed Interest AA+
    0.94%
  • BNP Paribas US Dollar Account
    United States Int Fixed Interest
    0.89%
  • New Zealand Government Bond 1.5% 15/05/2031
    New Zealand NZ Fixed Interest AA+
    0.83%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 30.0% 31.19%
New Zealand Fixed Interest 15.0% 14.49%
International Fixed Interest 35.0% 33.2%
Australasian Equities 5.0% 4.71%
International Equities 15.0% 16.41%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 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 Thu Dec. 31st 2020.

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.18%
  • Animal Testing:
    2.68%
  • Fossil Fuels:
    2.40%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.65%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.03%
  • Weapons:
    0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 2020 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 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.

In their own words

"Invests mostly in cash and fixed interest with only limited investment in growth assets such as shares. May be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in cash. Investors need to be comfortable with the possibility of some fluctuations in returns."

Value $1.2B NZD
Period of data report Thu Dec. 31st 2020
Members 73,932
Fund started Mon Oct. 1st 2007
Total annual fund fees 0.57%
Total performance based fees 0.0%
Manager's basic fee 0.5%
Administration charges 0.07%
Total other charges 28.5
Total other charges currency NZD

Key Personnel

Kristen Kohere-Soutar

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 1 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (3 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (11 years, 10 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer Pacific Mercer Australia (Pty) Ltd (3 years, 2 months)
Previously: Senior Manager Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Ronan Mccabe

Currently: Acting Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (0 years, 4 months)
Previously: Head of Portfolio Management Delegated Solutions Pacific Mercer Australia (Pty) Ltd (current) (1 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Dec. 31st 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.