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

    • Thermo Fisher Scientific Inc 0.14%
    • Meta Platforms Inc-Class A 0.11%
    • Johnson & Johnson 0.09%
    • Nestle Holdings Inc 0.09%
    • Nestle SA-Reg 0.04%
    • Caterpillar Inc 0.02%
    • Motorola Solutions Inc 0.02%
    • Wells Fargo & Co 0.02%
    • Rio Tinto PLC 0.01%
    • Uber Technologies Inc 0.01%
    • 3M Company 0.07%
    • 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
    • Archer-Daniels-Midland C 0.01%
    • Duke Energy Corp 0.01%
    • Reliance Industries Ltd 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
    • Kimberly-Clark De Mexico 0.09%
    • Air Liquide SA 0.08%
    • Essity Ab 0.08%
    • LVMH Moet Hennessy Vuitt 0.08%
    • 3M Company 0.07%
    • Ecolab Inc 0.06%
    • Clorox Company 0.05%
    • Croda International PLC 0.05%
    • L'Oreal 0.05%
    • Procter & Gamble Co/The 0.05%
    • Estee Lauder Companies-Cl A 0.04%
    • LVMH Moet Hennessy Louis Vui 0.03%
    • Symrise AG 0.03%
    • Unilever PLC 0.03%
    • Colgate-Palmolive Co 0.02%
    • 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%
    • Koninklijke Ahold Delhaize N 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
    • E.On Intl Finance Bv 0.11%
    • Enel Finance Intl Nv 0.11% 1.5°C
      This company is on a 1.5°C pathway
    • Reliance Industries Ltd 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%
    • Apa Infrastructure 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
    • Cie De Saint-Gobain 0.10%
    • Snam Spa 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 Chile SA 0.09% 1.5°C
      This company is on a 1.5°C pathway
    • Hera Spa 0.09%
    • Vier Gas Transport Gmbh 0.09%
    • Esb Finance Dac 0.08%
    • Ck Hutchison Intl 17 Ltd 0.07%
    • Naturgy Finance Bv 0.07%
    • Genesis Energy Ltd 0.06%
    • Iberdrola SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola Finanzas Sau 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.04%
    • Orsted A/S 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • 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
    • Hutchison Whampoa Fin UK 0.03%
    • Marathon Petroleum Corp 0.03%
    • Phillips 66 0.03%
    • Valero Energy Corp 0.03%
    • Williams Companies 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
    • 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
    • Korea Gas 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
    • Oneok Inc 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
    • Targa Resources Corp 0.02%
    • Duke Energy Corp 0.01%
    • Eneos Holdings Inc 0.01%
    • Hf Sinclair Corp 0.01%
    • Parkland Corp 0.01%
    • Rio Tinto PLC 0.01%
    • Southern Co/The 0.01%
    • Tc Energy 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

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 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 $724M NZD
Period of data report 30th Sept. 2023
Members 26,306
Fund started 1st Oct. 2007
Total annual fund fees 0.46%
Total performance based fees 0.0%
Manager's basic fee 0.42%
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 -1.85% -1.67%
2022 -0.58% -0.44%
2021 8.94% 6.78%
2020 0.45% 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%
2014 3.88% 4.56%

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

  • New Zealand Government Bond 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    2.34%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.44%
  • Westpac New Zealand Limited Rcd Maturing 29/11/2023
    New Zealand Cash and Equivalents AA-
    1.37%
  • New Zealand Government Bond 4.5% 15/04/2027
    New Zealand NZ Fixed Interest AAA
    1.33%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.31%
  • BNP Paribas US Dollar Account
    United States Int Fixed Interest
    1.07%
  • Bank Of New Zealand - Cash Account
    New Zealand Cash and Equivalents AA-
    1.06%
  • New Zealand Government Bond 2.00 15/05/2032
    New Zealand NZ Fixed Interest AAA
    1.04%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AAA
    1.03%
  • Bank Of New Zealand Rcd Maturing 01/11/2023
    New Zealand Cash and Equivalents AA-
    1.03%
Type Target Actual
Cash and Cash Equivalents 30.0% 29.6%
New Zealand Fixed Interest 15.0% 16.57%
International Fixed Interest 35.0% 34.23%
Australasian Equities 5.0% 4.95%
International Equities 15.0% 14.65%
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.