AMP Mercer Balanced Fund

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Fund type: Balanced fund

Past Returns: 5.52%

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

Annual Fees: 1.32%

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

Anglo American PLC 0.06%
Apa Corporation Com Usd0.625 0.03%
Arcelormittal Npv Post Stk Split 0.04%
BHP Billiton Ltd 0.05%
BHP Group Limited Ordinary Fully Paid 0.14%
BP P.L.C 0.04%
Canadian Natural Resources 0.02%
Continental Resources Inc/Ok 0.03%
Enbridge Inc 0.02%
Eni Spa 0.10%
Eog Resources Inc 0.03%
Equinor Asa 0.04%
Equinor Asa 2.375% Due 05-22-2030 Reg 0.02%
Exxon Mobil Corporation 0.03%
Jizhong Energy Resources Co Ltd 0.02%
Marathon Oil Corp 0.04%
Marathon Petrol Com 0.04%
Mitsui & Co Ltd Jpy 0.05%
Nippon Yusen Kk 0.04%
OMV AG 0.04%
Ovintiv Inc Com Usd0.01 0.02%
Petroleo Brasileiro Petrobras SA 0.03%
Repsol SA 0.02%
Santos Limited 0.05%
Shell PLC Ord Eur0.07 0.07%
Vale SA 0.03%
Viva Energy Group Ordinary Fully Paid Deferred Settlement 0.02%
Williams Companies Inc 0.03%

Tobacco

Casey'S General Stores Inc 0.04%
Performance Food Group Co 0.08%

Gambling

Mgm Growth Properties Llc 0.03%
Skycity Entertainment Group Limited 0.23%
Vici Properties Inc 0.03%

Adult Entertainment/Pornography

Mgm Growth Properties Llc 0.03%

Alcohol

Constellation Brands Inc-A 0.06%
Treasury Wine Estates Limited 0.02%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.05%
BHP Group Limited Ordinary Fully Paid 0.14%
Bank Hapoalim Ltd 0.03%
Bank Leumi Le-Israel 0.02%
Bayer AG 0.04%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.02%
Evergreen Marine Corporation 0.06%
Johnson & Johnson Com US$1 0.23%
Motorola Solutions Inc 0.16%
Nestle SA 0.14%
Petroleo Brasileiro Petrobras SA 0.03%
Rio Tinto Limited 0.04%
Rio Tinto PLC Ord 10P Gbp 0.05%
Shell PLC Ord Eur0.07 0.07%
Vale SA 0.03%

Animal Testing

Air Liquide 0.03%
Bayer AG 0.04%
Capri Holdings Ltd Com Npv 0.04%
Church & Dwight Co 0.05%
Coca Cola Co USD 0.07%
Ecolab Ltd 0.07%
Estee Lauder Companies 0.05%
Ezaki Glico Co Ltd 0.02%
Far Eastern New Century Corporation 0.02%
Glaxosmithkline PLC 0.07%
Hermes International 0.03%
Ingredion Inc Com USD 0.01 0.02%
Intl Flavors & Fragrances USD 0.07%
Johnson & Johnson Com US$1 0.23%
Kellogg Company 0.04%
Kerry Group PLC 0.02%
Koninklijke Dsm Nv 0.04%
L'Oreal 0.03%
Linde PLC 0.08%
Mondelez International Inc 0.09%
Nagase & Co Ltd 0.02%
Nestle SA 0.14%
Nisshinbo Holdings Inc 0.02%
Pepsico Inc Cap US$0.01 2/3 0.21%
Pepsico Inc-Disc Coml Paper 4/2 Yrs 3&4 09-01-2022 0.02%
Procter & Gamble Company 0.09%
Shell PLC Ord Eur0.07 0.07%
Sherwin Williams Com Usd1 0.07%
Symrise AG 0.03%
Unilever PLC 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu March 31st 2022 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
2022 0.35% 1.61%
2021 16.60% 18.01%
2020 -1.09% -3.06%
2019 5.56% 5.42%
2018 5.28% 6.1%
2017 5.86% 6.35%
2016 4.01% 4.84%
2015 11.09% 9.4%
2014 7.28% 7.34%
2013 10.75% 9.03%

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 March 31st 2022.

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 Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 4.0% 5.36%
New Zealand Fixed Interest 10.0% 8.75%
International Fixed Interest 26.0% 25.02%
Australasian Equities 12.5% 11.4%
International Equities 38.5% 40.06%
Listed Properties 3.0% 2.81%
Unlisted Properties 3.0% 2.8%
Other 3.0% 3.8%
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 March 31st 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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:
    0.03%
  • Alcohol:
    0.11%
  • Animal Testing:
    2.22%
  • Fossil Fuels:
    1.81%
  • Gambling:
    0.31%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.27%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.13%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu March 31st 2022 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 exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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 60% benchmark allocation to growth assets."

Value $59M NZD
Period of data report Thu March 31st 2022
Members 1,910
Fund started Mon Oct. 1st 2007
Total annual fund fees 1.32%
Total performance based fees 0.0%
Manager's basic fee 1.13%
Other management and administration charges 0.19%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (3 years, 0 months)
Previously: General Counsel, AMP Wealth Management New Zealand (3 years, 10 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (3 years, 0 months)
Previously: Chief Client Officer, AMP Wealth Management New Zealand (3 years, 0 months)

Blair Robert Vernon

Currently: Investment Committee Member (10 years, 9 months)
Previously: Chief Executive, AMP Wealth Management New Zealand (3 years, 3 months)

Mark David Ennis

Currently: Investment Committee Member (1 years, 8 months)
Previously: Managing Director, AdviceFirst Limited (2 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu March 31st 2022.

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.