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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 any membership and % management 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

Xcel Energy Inc 2.6% Due 12-01-2029 0.06%
Rubis Eur1.25 0.05%
BHP Group Plc 0.03%
Nextera Energy Cap Hldgs Inc 2.75% Due 11-01-2029 0.03%
Bp Cap Mkts Amer Fixed 3.017% Due 01-16-2027 0.03%
Apt Pipelines Ltd 4.25% Due 07-15-2027 0.03%
Exxon Mobil Corp 3.043% Due 03-01-2026 0.03%
Statoil Asa 2.65% Due 01-15-2024 0.03%
Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.02%
Oneok Partners L P 3.375% Due 10-01-2022 0.02%
Clp Holdings Limited Hkd 0.02%
Kinder Morgan Inc 1.5% Due 03-16-2022 0.02%
Snam Spa 0.02%
Total Sa 0.02%
Engie Aug5 0.02%
Korea Gas Corp 3.875% Due 02-12-2024 0.02%
BHP Group Limited Ordinary Fully Paid 0.02%
Gaz Capital Sa 3.125% Snr 17/11/2023 EUR 0.02%
Royal Dutch Shell Plc-B Shs 0.01%
Kirby Corp 0.01%
Enbridge Inc 0.01%
Lyondellbasell Industries 0.01%
Xcel Energy Inc 0.01%
Koninklijke Vopak Nv 0.01%
Firstenergy Corp 7.375% Due 11-15-2031 0.01%
Firstenergy Corp 3.9% 07-15-2027 0.01%
Gaz Capital Sa 5.15% Snr 11/02/26 Usd1000 0.01%
Anglo American Plc 0.01%
Eog Resources Inc 0.01%
Phillips 66 Com Usd0.01 0.01%
Aker Bp Asa 0.05%
Nextera Energy Inc 0.03%
Dominion Energy Inc Com 0.02%
American Electric Power Company, Inc. 0.02%
Xcel Energy Inc. 0.01%
Emera Inc 0.01%

Weapons

Raytheon Company 0.02%

Tobacco

Gambling

Skycity Entertainment Group Limited 0.04%

Alcohol

Pernod-Ricard Sa 0.03%
Diageo Ord 28 101/108P 0.03%
Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.03%
Carlsberg As - B 0.02%
Lvmh Moet Hennessy 1.125% Snr 11/02/2027Gbp 0.02%
Anheuser-Busch Cos Llc Corp 4.9% 02-01-2046 0.01%

GMOs

Novartis Ag - Chf0.50 (Regd) 0.16%
Novartis Cap Corp 4.4% Due 05-06-2044 0.03%
Nutrien Ltd 3.375% Due 03-15-2025 0.03%
Syngenta Finance Nv 0.05%

Human Rights & Environmental Violations

Johnson & Johnson Com US$1 0.09%
Nestle Sa 0.05%
Rio Tinto Limited 0.04%
BHP Group Plc 0.03%
Nutrien Ltd 3.375% Due 03-15-2025 0.03%
Rio Tinto Plc Ord 10P Gbp 0.03%
Rio Tinto Fin Usa 3.75% Due 06-15-2025 0.02%
BHP Group Limited Ordinary Fully Paid 0.02%
Royal Dutch Shell Plc-B Shs 0.01%
Sempra Energy USD 0.01%
Archer-Daniels 1.0% 12/09/2025 0.01%

Animal Testing

Johnson & Johnson Com US$1 0.090%
Coca Cola Co USD 0.060%
Procter & Gamble Company 0.060%
Nestle Sa 0.050%
Pepsico Inc Cap US$0.01 2/3 0.050%
Glaxosmithkline Plc 0.030%
Reckitt Benckiser Group Plc 0.020%
Colgate Palmolive Usd1 0.020%
Colgate-Palmolive Co 4% Due 08-15-2045 0.020%
Glaxosmithkline 6.375% Due 05-15-2038 0.020%
Kimberly Clark 6.625% Due 08-01-2037 0.020%
Lvmh Moet Hennessy 1.125% Snr 11/02/2027Gbp 0.020%
Unilever Plc 0.010%
Royal Dutch Shell Plc-B Shs 0.010%
Kimberly Clark Corp Com Usd1.25 0.010%
Coca-Cola Femsa S A B De C V 2.75% 01-22-2030 0.010%
Walgreens Boots Al Com Usd0.01 0.010%
Archer-Daniels 1.0% 12/09/2025 0.010%
Syngenta Finance Nv 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 Tue June 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 and research organisations.

A summary of this fund and its details.

Number FND13
Name Mercer Conservative Fund
Risk profile Conservative fund
Description Invests mostly in cash and fixed interest, with only limited investment in growth assets such as shares and real assets. 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 $1.1B NZD
Members 74,361
Market index description The composite 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. Additional information about the composite index is available on the offer register.
Period of data report Tue June 30th 2020
Fund started Mon Oct. 1st 2007
Three-year average return 2.90%
Market index past year return 3.99%
Past year return net of charges and tax 3.1%
Past year return net of charges gross of tax 4.0%
Market index return since fund started 6.12%
Return since fund started net 4.62%
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 (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 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, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 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 (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • AMP Capital Investors NZ Cash Fund
    New Zealand Cash and Equivalents
    29.2%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest NA
    4.88%
  • New Zealand Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.89%
  • New Zealand Government Bond 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    1.59%
  • New Zealand Government Bond 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    1.4%
  • Housing New Zealand Ltd Bond 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AA+
    1.18%
  • New Zealand Government Bond 1.5% 15/05/2031
    New Zealand NZ Fixed Interest AA+
    1.04%
  • New Zealand Government Indexed Bond 2% 20/09/2025
    New Zealand NZ Fixed Interest AA+
    1.03%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AA+
    0.96%
  • Aviva Investors Mult-Strategy Fixed Income Fund
    Australia Int Fixed Interest
    0.88%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 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% 29.82%
New Zealand Fixed Interest 15.0% 14.78%
International Fixed Interest 35.0% 34.92%
Australasian Equities 5.0% 4.45%
International Equities 11.0% 11.56%
Listed Properties 0.88% 0.86%
Unlisted Properties 0.87% 1.01%
Other 1.75% 2.11%
Commodities 0.5% 0.49%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 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:
    0.80%
  • Fossil Fuels:
    1.06%
  • Gambling:
    0.05%
  • GMOs:
    0.30%
  • Human Rights & Environmental Violations:
    0.41%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.05%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 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 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 and real assets. 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."

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. 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.