Mercer Moderate Fund

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Mindful Fund
Type: Balanced fund
Past Returns: 2.71%

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

Annual Fees: 0.69%

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

2.000 Apt Pipelines Ltd 15-Jul-2030 0.01%
2.236 Chevron Corp 11-May-2030 0.01%
3.125 Enbridge Inc 15-Nov-2029 0.02%
3.375 Electricite De France SA (Perp) 0.01%
3.750 Aker BP Asa 15-Jan-2030 0.05%
4.000 Aker BP Asa 15-Jan-2031 0.01%
5.000 Electricite De France SA (Perp) 0.01%
7.375 Enbridge Energy Partners 15-Oct-20 0.03%
Alliant Energy Corp 0.04%
American Electric Power Co Inc 0.03%
Anglo American PLC 0.02%
Apa Group 0.01%
Apt Pipelines Ltd 4.25% Due 07-15-2027 0.02%
Atmos Energy Corp 0.04%
Avista Corp 0.01%
BHP Group PLC 0.03%
Bkw AG 0.02%
BP Cap Mkts Amer Fixed 3.017% Due 01-16-2027 0.02%
Cheniere Energy Inc 0.02%
Chevron Corp New 2.236% Due 05-11-2030 0.01%
Clp Holdings 0.02%
Clp Holdings Limited Hkd 0.02%
Coca Cola Co USD 0.02%
Dominion Energy 0.06%
Emera Inc 0.03%
Enbridge Inc 0.04%
Enel Spa 0.02%
Engie Aug5 0.02%
Engie SA Mtn .375% 11/06/2027 0.01%
Enterprise Products Partners L.P. 0.02%
Equinor Asa 2.375% Due 05-22-2030 Reg 0.02%
Esnam Spa 0.02%
Evergy Inc Com 0.02%
Evergy Inc Com Npv 0.01%
Genesis Energy Ltd 0.07%
Guangdong Investment Limited 0.04%
Itochu Corp Jpy 0.01%
Kinder Morgan Inc 1.5% Due 03-16-2022 0.01%
Koninklijke Vopak Nv 0.04%
Lyondellbasell Industries 0.03%
Magellan Midstream Partners Lp 0.02%
Midamerican Energy 6.125% Due 04-01-2036 0.01%
Naturgy Finance B. 1.5% Gtd Snr 29/01/2028 EUR 0.01%
New World Development Co Ltd 0.04%
Nextera Energy Cap Fixed 2.75% Due 05-01-2025 0.01%
Nextera Energy Inc 0.08%
Nextera Energy Inc Common Stock USD.01 0.01%
Oneok Partners L P 3.375% Due 10-01-2022 0.01%
Orix Corporation Jpy50 0.01%
Orsted A/S Common Stock Dkk10.0 0.03%
Pembina Pipeline Corp 0.01%
Petroleo Brasileiro Petrobras SA 0.01%
Phillips 66 Com Usd0.01 0.01%
Portland General Electric 0.02%
Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.01%
Rio Tinto Fin Usa 5.2 Due 11-02-2040 0.02%
Rio Tinto Limited 0.06%
Rio Tinto PLC Ord 10P Gbp 0.04%
Rubis 0.02%
Rubis Eur1.25 0.06%
Saudi Arabian Oil 3.5% Snr Mtn 16/04/2029 USD 0.02%
Sse PLC 0.02%
Ugi Corp 0.03%
Vale SA 0.02%
Valero Energy Corp 0.01%
Wec Energy Group Inc 0.02%
Xcel Energy Inc 0.06%
Xcel Energy Inc 2.6% Due 12-01-2029 0.01%
Xcel Energy Inc 3.5% Due 12-01-2049 0.01%

Weapons

Amphenol Corp-Cl A 0.05%
Howmet Aerospace I Com USD 0.01%
Transdigm Group Inc 0.03%

Tobacco

Alimentation Couche-Tard 2.95% Due 01-25-2030 Beo 0.01%
Casey'S General Stores Inc 0.02%
Seven & I Holdings Co Ltd 0.01%

Gambling

Aristocrat Leisure Ltd 0.04%
Las Vegas Sands Corp 0.01%
Skycity Entertainment Group Limited 0.10%
Vici Properties Inc 0.02%

Alcohol

1.125 LVMH Moet Hennessy Vuitt 11-Feb-20 0.03%
1.750 Heineken Nv 07-May-2040 0.02%
3.700 Anheuser-Busch Inbev SA/ 02-Apr-20 0.04%
Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.02%
Anheuser-Busch Cos Llc Corp 4.9% 02-01-2046 0.01%
LVMH Moet Hennessy 1.125% Snr 11/02/2027Gbp 0.01%
Treasury Wine Estates Limited 0.03%

Palm Oil

Human Rights & Environmental Violations

0.950 Johnson & Johnson 01-Sep-2027 0.02%
BHP Group PLC 0.03%
Chemours Co 0.01%
Johnson & Johnson Com US$1 0.13%
Johnson + Johnson Common Stock Usd1.0 0.02%
Nestle SA 0.09%
Petroleo Brasileiro Petrobras SA 0.01%
Rio Tinto Fin Usa 5.2 Due 11-02-2040 0.02%
Rio Tinto Limited 0.06%
Rio Tinto PLC Ord 10P Gbp 0.04%
Sempra Energy USD 0.04%
Vale SA 0.02%

Animal Testing

0.500 Dow Chemical Co/The 15-Mar-2027 0.020%
0.950 Johnson & Johnson 01-Sep-2027 0.020%
1.125 LVMH Moet Hennessy Vuitt 11-Feb-20 0.030%
1.250 Celanese US Holdings Llc 11-Feb-20 0.020%
1.250 Syngenta Finance Nv 10-Sep-2027 0.010%
3.375 Syngenta Finance Nv 16-Apr-2026 0.020%
5.676 Syngenta Finance Nv 24-Apr-2048 0.010%
Celanese Corp Series A 0.010%
Chemours Co 0.010%
Chr Hansen Holding A/S Common Stock Dkk10. 0.010%
Church & Dwight Co 0.020%
Clorox Co Del 0.020%
Coca Cola Co USD 0.020%
Colgate Palmolive Usd1 0.030%
Colgate-Palmolive Co 4% Due 08-15-2045 0.020%
Dow Chemical Co 0.5% Snr 15/03/27 Eur100000 0.030%
Dow Inc 0.010%
Eastman Chemical Com 0.010%
Ecolab Inc 2.7% Due 11-01-2026 0.010%
Ecolab Inc Common Stock Usd1.0 0.030%
General Mills Inc 0.020%
Glaxosmithkline 6.375% Due 05-15-2038 0.020%
Glaxosmithkline PLC 0.040%
Henkel AG & Co Kgaa Non Vtg Pref 0.020%
Hermes International 0.020%
Intl Flavors & Fragrances USD 0.040%
Johnson & Johnson Com US$1 0.130%
Johnson + Johnson Common Stock Usd1.0 0.020%
Kellogg Company 0.020%
Kikkoman Corporation Jpy 0.010%
Kimberly Clark 6.625% Due 08-01-2037 0.010%
Kimberly Clark Corp Com Usd1.25 0.030%
Koninklijke Dsm Nv Common Stock Eur1.5 0.020%
Kraft Heinz Co Com Usd0.01 0.020%
Linde PLC Common Stock EUR.001 0.010%
LVMH Moet Hennessy 1.125% Snr 11/02/2027Gbp 0.010%
Lyondellbasell Industries 0.030%
Mosaic Co Com 0.010%
Nestle SA 0.090%
Orkla Asa 0.010%
Pepsico Inc Cap US$0.01 2/3 0.040%
Praxair Inc Nt 2% 08-10-2050 0.020%
Procter & Gamble Company 0.070%
Pvtpl Air Liquide Fin S A Fixed 2.25% 09-10-2029 0.010%
Reckitt Benckiser 0.375% Gtd Snr 19/05/26 EUR 0.020%
Rpm International Inc 0.010%
Seven & I Holdings Co Ltd 0.010%
Symrise AG Common Stock 0.030%
Trinseo SA 0.020%
Unilever PLC 0.010%
Unilever PLC Common Stock Gbp.0311 0.010%
Usana Helath Sciences Inc 0.010%
Xerox Hldgs Corp 5% Due 08-15-2025 0.010%
Xerox Hldgs Corp Com Usd1.00 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 Wed Sept. 30th 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, 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
2020 -1.89% -0.74%
2019 5.68% 4.09%
2018 5.63% 4.78%
2017 6.10% 5.12%
2016 4.01% 3.26%

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 Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • AMP Capital Investors NZ Cash Fund
    New Zealand Cash and Equivalents
    17.09%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    3.28%
  • New Zealand Government Bond 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    1.56%
  • Aviva Investors Multi-Strategy Fixed Income Fund
    Australia Int Fixed Interest
    1.3%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.22%
  • New Zealand Government Bond 6% 15/05/2021
    New Zealand NZ Fixed Interest AA+
    1.18%
  • First State Investments Global Listed Infrastructure Fund
    New Zealand Other
    1.15%
  • New Zealand Government Bond 3.0% 20/04/2029
    New Zealand NZ Fixed Interest AA+
    1.13%
  • New Zealand Government Bond 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    1.11%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AA+
    1.04%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 18.0% 18.34%
New Zealand Fixed Interest 13.0% 12.8%
International Fixed Interest 29.0% 28.29%
Australasian Equities 9.5% 8.66%
International Equities 22.5% 21.67%
Listed Properties 2.0% 2.01%
Unlisted Properties 2.0% 1.57%
Other 4.0% 6.66%
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 Dec. 31st 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:
    0.25%
  • Animal Testing:
    1.74%
  • Fossil Fuels:
    2.44%
  • Gambling:
    0.23%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.59%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.05%
  • Weapons:
    0.12%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics 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

"Invests in cash and fixed interest with about a third of investments being in growth assets such as shares and real assets. May be suitable for investors who want to invest in a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Conservative fund."

Value $170M NZD
Period of data report Thu Dec. 31st 2020
Members 5,125
Fund started Wed Feb. 18th 2015
Total annual fund fees 0.69%
Total performance based fees 0.0%
Manager's basic fee 0.59%
Administration charges 0.1%
Total other charges 28.5
Total other charges currency NZD

Key Personnel

Kristen Kohere-Soutar

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 1 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (3 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (11 years, 10 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer Pacific Mercer Australia (Pty) Ltd (3 years, 2 months)
Previously: Senior Manager Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Ronan Mccabe

Currently: Acting Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (0 years, 4 months)
Previously: Head of Portfolio Management Delegated Solutions Pacific Mercer Australia (Pty) Ltd (current) (1 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Dec. 31st 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.