AMP Mercer Balanced Fund

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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

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

Weapons

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

Tobacco

Gambling

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

Alcohol

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

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

Animal Testing

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