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.

Key:

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

Companies of concern

    • Meta Platforms Inc-Class A 0.16%
    • Thermo Fisher Scientific Inc 0.10%
    • Johnson & Johnson 0.09%
    • Nestle Holdings Inc 0.07%
    • Ubs Group AG 0.07%
    • Nestle SA-Reg 0.04%
    • Wells Fargo & Co 0.03%
    • Caterpillar Inc 0.02%
    • Motorola Solutions Inc 0.02%
    • Uber Technologies Inc 0.02%
    • Ubs Group AG-Reg 0.01%
    • BHP Group Ltd 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Duke Energy Corp 0.01%
    • Procter & Gamble Co/The 0.13%
    • Reliance Industries Ltd 0.10% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Air Liquide SA 0.09%
    • Kimberly-Clark De Mexico 0.08%
    • Ecolab Inc 0.07%
    • Essity Ab 0.07%
    • LVMH Moet Hennessy Vuitt 0.07%
    • L'Oreal 0.05%
    • Clorox Company 0.04%
    • Croda International PLC 0.04%
    • Symrise AG 0.04%
    • Colgate-Palmolive Co 0.03%
    • LVMH Moet Hennessy Louis Vui 0.03%
    • Unilever PLC 0.03%
    • Equate Petrochemical Bv 0.02%
    • Givaudan Fin Europe 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Nomad Foods Ltd 0.02%
    • Eastman Chemical Co 0.01%
    • Hermes International 0.01%
    • Koninklijke Ahold Delhaize N 0.01%
    • Sherwin-Williams Co/The 0.01%
    • Shin-Etsu Chemical Co Ltd 0.01%
    • Contact Energy Ltd 0.28% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan Inc 0.13% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • National Grid PLC 0.11% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • A2A Spa 0.10%
    • E.On Intl Finance Bv 0.10%
    • Reliance Industries Ltd 0.10% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enel Finance Intl Nv 0.09% 1.5°C
      This company is on a 1.5°C pathway
    • Snam Spa 0.09% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Apa Infrastructure Ltd 0.08% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enel Chile SA 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Esb Finance Dac 0.08%
    • Hera Spa 0.08%
    • Vier Gas Transport Gmbh 0.08%
    • Williams Companies Inc 0.08% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Con Edison Co Of Ny Inc 0.06%
    • Genesis Energy Ltd 0.06%
    • Iberdrola SA 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Naturgy Finance Bv 0.06%
    • Nextera Energy Inc 0.05%
    • Enterprise Products Oper 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Iberdrola Finanzas Sau 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.03%
    • Oneok Inc 0.03%
    • Phillips 66 0.03%
    • Targa Resources Corp 0.03%
    • Williams Cos Inc 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • BHP Group Ltd 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Channel Infrastructure NZ Lt 0.02%
    • Cheniere Energy Inc 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Edp Finance Bv 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Enbridge Inc 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Hutchison Whampoa Fin UK 0.02%
    • Pembina Pipeline Corp 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Tc Energy Corp 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Valero Energy Corp 0.02%
    • Duke Energy Corp 0.01%
    • Eneos Holdings Inc 0.01%
    • Hf Sinclair Corp 0.01%
    • Mitsubishi Corp 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Southern Co/The 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2024 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 mostly in defensive assets such as 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 the Cash fund. Investors need to be comfortable with the possibility of some fluctuations in returns. This fund is managed with reference to environmental, social and governance (ESG) factors and is certified by the Responsible Investment Association of Australasia.

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 $759M NZD
Period of data report 30th June 2024
Members 24,780
Fund started 1st Oct. 2007
Total annual fund fees 0.48%
Total performance based fees 0.0%
Manager's basic fee 0.42%
Other management and administration charges 0.06%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 2 months)
Previously: Director Investments (Australia) Limited (current) (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (15 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (6 years, 8 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 (2 years, 1 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 (10 years, 3 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 June 2024.

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
2024 6.55% 5.89%
2023 -1.85% -1.67%
2022 -0.74% -0.44%
2021 8.94% 6.78%
2020 0.61% 0.97%
2019 4.19% 3.9%
2018 3.58% 3.83%
2017 4.10% 4.0%
2016 3.52% 3.58%
2015 8.10% 7.68%

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 June 2024.

Top 10 Investments

  • Ishares Mbs ETF
    United States Int Fixed Interest
    4.48%
  • Westpac New Zealand Limited Bond 2.22% 29/07/2024
    New Zealand Cash and Equivalents AA-
    2.37%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.75%
  • Kiwibank Limited Bond 2.155% 20/09/2024
    New Zealand Cash and Equivalents
    1.73%
  • New Zealand Government Bond 1.50% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    1.44%
  • ASB Bank Limited Bond 1.83% 19/08/2024
    New Zealand Cash and Equivalents AA-
    1.37%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.18%
  • New Zealand Local Government Agency Treasury Bill 18/09/2024
    New Zealand Cash and Equivalents AAA
    1.18%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AAA
    1.14%
  • New Zealand Government Bond 4.25% 15/05/2034
    New Zealand NZ Fixed Interest AAA
    1.14%
Type Target Actual
Cash and Cash Equivalents 30.0% 28.37%
New Zealand Fixed Interest 15.0% 16.93%
International Fixed Interest 35.0% 34.71%
Australasian Equities 5.0% 4.89%
International Equities 15.0% 15.1%
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 June 2024.