AMP Mercer Balanced Fund

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Not Mindful
Type: Balanced fund
Past Returns: 2.82%

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

Annual Fees: 1.28%

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

Anglo American PLC 0.02%
Apa Group 0.02%
Atco Ltd 0.02%
BHP Group Limited Ordinary Fully Paid 0.03%
BHP Group PLC 0.06%
BP Cap Mkts Amer Fixed 3.017% Due 01-16-2027 0.02%
China Petroleum & Chemical 0.02%
Clp Holdings Limited Hkd 0.04%
Enbridge Inc 0.05%
Engie Aug5 0.04%
Enterprise Products Partners Lp 0.02%
Eog Resources Inc 0.02%
Exxon Mobil Corporation 0.02%
Firstenergy Corp 3.9% 07-15-2027 0.02%
Firstenergy Corp USD 0.03%
Gazprom PJSC Spon Adr 0.02%
Kirby Corp 0.03%
Koninklijke Vopak Nv 0.05%
Lyondellbasell Industries 0.02%
Nextera Energy Cap Hldgs Inc 2.75% Due 11-01-2029 0.02%
Novatek PJSC 0.02%
Oao Gazprom Spon Adr Reg S 0.02%
Petrochina Co Ltd H 0.02%
Phillips 66 Com Usd0.01 0.02%
Royal Dutch Shell PLC-B Shs 0.03%
Rubis Eur1.25 0.11%
Snam Spa 0.06%
Suez 0.02%
Total SA 0.04%
Valero Energy Corp 0.02%
Wec Energy Group Inc 0.03%
Xcel Energy Inc 0.05%
Xcel Energy Inc 2.6% Due 12-01-2029 0.04%

Weapons

Axon Enterprise I Com USD 0.00001 0.02%
Raytheon Company 0.05%

Tobacco

Gambling

Churchill Downs Incorporated 0.01%
Sands China Limited 0.01%
Skycity Entertainment Group Limited 0.09%

Alcohol

Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.01%
Carlsberg As - B 0.04%
Constellation Brands Inc-A 0.01%
Diageo Ord 28 101/108P 0.05%
Pernod-Ricard SA 0.07%
Want Want China Holdings Ltd 0.01%

GMOs

Novartis AG - Chf0.50 (Regd) 0.33%
Novartis Cap Corp 4.4% Due 05-06-2044 0.02%

Human Rights & Environmental Violations

BHP Group Limited Ordinary Fully Paid 0.03%
BHP Group PLC 0.06%
Centerra Gold Inc 0.01%
Chevron Corp 0.01%
Johnson & Johnson Com US$1 0.18%
Nestle SA 0.09%
Nutrien Ltd 3.375% Due 03-15-2025 0.01%
Petrochina Co Ltd H 0.02%
Petroleo Brasileiro Petrobras SA 0.01%
Rio Tinto Limited 0.08%
Rio Tinto PLC 0.02%
Rio Tinto PLC Ord 10P Gbp 0.05%
Royal Dutch Shell PLC - A Shares 0.01%
Royal Dutch Shell PLC-B Shs 0.03%
Sempra Energy USD 0.05%
Tokyo Electric Power Company Holdings Incorporated 0.02%
Vale SA 0.03%

Animal Testing

Albermarle Corp 0.020%
Coca Cola Co USD 0.100%
Colgate Palmolive Usd1 0.040%
Glaxosmithkline PLC 0.050%
Johnson & Johnson Com US$1 0.180%
Kimberly Clark Corp Com Usd1.25 0.020%
Nestle SA 0.090%
Pepsico Inc Cap US$0.01 2/3 0.080%
Procter & Gamble Company 0.100%
Reckitt Benckiser Group PLC 0.050%
Royal Dutch Shell PLC-B Shs 0.030%
Unilever Nv 0.020%
Unilever Nv Eur0.16 0.020%
Unilever PLC 0.030%
Usana Helath Sciences Inc 0.020%
Walgreens Boots Al Com Usd0.01 0.020%

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 March 31st 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.

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 -1.89% -3.06%
2019 5.68% 5.42%
2018 5.63% 6.1%
2017 6.10% 6.35%
2016 4.01% 4.84%
2015 11.09% 9.4%
2014 7.28% 7.34%
2013 10.75% 9.03%
2012 1.75% 0.5%
2011 5.30% 4.67%

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:

  • Mercer Balanced Portfolio
    New Zealand Fund
    100.0%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 9.69%
New Zealand Fixed Interest 10.0% 9.91%
International Fixed Interest 25.0% 24.87%
Australasian Equities 10.0% 9.23%
International Equities 31.5% 32.49%
Listed Properties 3.0% 3.03%
Unlisted Properties 3.0% 2.99%
Other 6.0% 6.3%
Commodities 1.5% 1.49%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 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:
    0.30%
  • Animal Testing:
    1.24%
  • Fossil Fuels:
    2.04%
  • Gambling:
    0.14%
  • GMOs:
    0.45%
  • Human Rights & Environmental Violations:
    0.78%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.10%

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 March 31st 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

"The fund invests in a wide range of assets which may be suitable for long-term investors who want a diversified investment with exposure to shares, real assets, alternative assets, fixed interest and cash. The fund aims to achieve enhanced longer term returns from the 55% benchmark allocation to growth assets."

Value $51M NZD
Period of data report Tue June 30th 2020
Members 1,993
Fund started Mon Oct. 1st 2007
Total annual fund fees 1.28%
Total performance based fees 0.0%
Manager's basic fee 1.13%
Administration charges 0.15%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (1 years, 3 months)
Previously: General Counsel, AMP Wealth Management New Zealand (2 years, 1 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (1 years, 3 months)
Previously: Chief Client Officer, AMP Wealth Management New Zealand (1 years, 3 months)

Blair Robert Vernon

Currently: Investment Committee Member (9 years, 0 months)
Previously: Chief Executive, AMP Wealth Management New Zealand (1 years, 6 months)

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