Funds
Mercer Sustainable Plus Moderate Fund
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Limited 0.58%
- Nextera Energy Inc 0.22%
- Iberdrola SA 0.08%
- Enel Chile SA 120628 4.875 Cb 0.07%
- Sempra Energy 0.07%
- Dominion Energy 0.06%
- Enel Finance International Nv 250527 3.625 Cb 0.06%
- Enel Spa 0.06%
- Entergy 0.06%
- Kinder Morgan Inc 150231 2.00 Cb 0.06%
- A2A Spa 021133 1.00 Cb 0.05%
- Naturgy Finance Bv 290128 1.50 Cb 0.05%
- Public Service Enterprise Group 0.05%
- Xcel Energy Inc 0.05%
- Emera Inc 0.04%
- National Grid Gas Finance PLC 220928 2.125 Cb 0.04%
- Allete Inc 0.03%
- Alliant Energy Corp Com 0.03%
- Edp Finance Bv 240128 1.71 Cb 0.03%
- Enel Spa Eur1 0.03%
- Iberdrola Finanzas SA 110332 1.375 Cb 0.03%
- Pg and E Corp 0.03%
- Snam Spa 0.03%
- Valero Energy Corp 0.03%
- Avista Corp 0.02%
- Cheniere Energy Inc 0.02%
- Ck Asset Holdings Hk 0.02%
- Enbridge Inc 0.02%
- Enterprise Products Oper 310130 2.80 Cb 0.02%
- Hera Eur1 0.02%
- Hera Spa 0.02%
- Korea Gas Corp 120224 3.875 Cb 0.02%
- Neste Oyj 0.02%
- Reliance Industries Ltd 301127 3.667 Cb 0.02%
- Vier Gas Transport Gmbh 260932 4.625 Cb 0.02%
- Williams Companies Inc 0.02%
- Xcel Energy Inc 011229 2.60 Cb 0.02%
- Ampol Ltd Frn Cnv Gtd Sub 12/2081 AUD 0.01%
- Ck Hutchison International 21 Ltd 1.5% Due 04-15-2026 Beo 0.01%
- Edp Finance Bv 210929 1.875 Cb 0.01%
- Enel Fin Intl Nv Fixed 4.25% Due 06-15-2025 0.01%
- Esb Finance Dac 190734 1.00 Cb 0.01%
- Guangdong Investment Limited 0.01%
- Pinnacle West Capital Corp 0.01%
- Santos Finance Ltd 4.125% Gtd Snr 14/09/27 USD 0.01%
- Tc Energy Corp 0.01%
Tobacco
- Alimentation Couche Tard Inc 250130 2.95 Cb 0.06%
Gambling
- Vici Properties Inc 0.03%
Human Rights & Environmental Violations
- Johnson & Johnson Com US$1 0.16%
- Thermo Fisher Scientific Inc 0.15%
- Nestle Holdings Inc 240948 4.00 Cb 0.07%
- Nestle SA 0.06%
- Motorola Solutions Inc 0.03%
- Pg and E Corp 0.03%
- Wells Fargo & Company 0.03%
- Nestle Hldgs Inc 0.875% Gtd Snr 18/07/25Eur 0.02%
- Fmc Corp 0.01%
- Nutrien Ltd Com Npv 0.01%
Animal Cruelty
- Pepsico Inc Cap US$0.01 2/3 0.23%
- Estee Lauder Companies 0.12%
- Koninklijke Dsm Nv 0.10%
- Air Liquide 0.08%
- L'Oreal 0.08%
- Procter & Gamble Company 0.08%
- Nestle Holdings Inc 240948 4.00 Cb 0.07%
- Symrise AG 0.07%
- Colgate Palmolive Usd1 0.06%
- Essity Ab Publ 300327 1.625 Cb 0.06%
- Kimberly Clark De Mexico Sab De Cv 010731 2.431 Sf 0.06%
- Nestle SA 0.06%
- 3M Co 140948 4.00 Cb 0.05%
- Coca Cola Co 090341 1.00 Cb 0.05%
- Coca Cola Co USD 0.05%
- Colgate Palmolive Co 150845 4.00 Cb 0.05%
- Eastman Chemical Co 260523 1.50 Cb 0.05%
- Solvay SA 060929 0.5 Cb 0.05%
- Unilever PLC 0.05%
- Clorox Co 150530 1.80 Cb 0.04%
- Darling Ingredients Inc 0.04%
- Kerry Group PLC 0.04%
- Kimberly Clark Corp 010837 6.625 Cb 0.03%
- Nomad Foods Ltd 0.03%
- 3M Co 0.02%
- Canon Inc 0.02%
- Church & Dwight Co 0.02%
- Equate Petrochemical Bv 031126 4.25 Cb 0.02%
- General Mills Inc 0.02%
- Kimberly Clark Corp Com Usd1.25 0.02%
- Koninklijke Ahold Delhaize Nv 0.02%
- Nestle Hldgs Inc 0.875% Gtd Snr 18/07/25Eur 0.02%
- Reliance Industries Ltd 301127 3.667 Cb 0.02%
- Albermarle Corp 0.01%
- Fmc Corp 0.01%
- Givaudan Finance Europe Bv 220427 1.00 Cb 0.01%
- Kellogg Company 0.01%
- Kerry Group PLC-A 0.01%
- Nutrien Ltd Com Npv 0.01%
- Orbia Advance Corp S A B De Cv 1.875% Due 05-11-2026 Beo 0.01%
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. 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.
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
In their own words
Invests mainly in defensive assets such as fixed interest and cash, with about 40% invested in growth assets such as shares and real assets. This fund may be suitable for investors who want to invest in a fund with a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Sustainable Conservative fund. 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 | $210M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 6,056 |
| Fund started | 18th Feb. 2015 |
| Total annual fund fees | 0.66% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.59% |
| Other management and administration charges | 0.07% |
| Total other charges | 26.93 |
| Total other charges currency | NZD |
Key Personnel
|
Kristen Kohere-Soutar |
Currently: Chair - Mercer (N.Z.) Ltd (3 years, 1 months) |
|
Martin Lewington |
Currently: CEO - Mercer (N.Z.) Ltd (13 years, 10 months) |
|
Kylie Willment |
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (5 years, 2 months) |
|
Padraig Brown |
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (0 years, 7 months) |
|
Robert Kavanagh |
Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (8 years, 9 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.00% | |
| Animal Cruelty | 2.08% | |
| Fossil Fuels | 2.54% | |
| Gambling | 0.04% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 0.68% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.06% | |
| Weapons | 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 30th Sept. 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 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.
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 |
|---|---|---|
| 2022 | 0.35% | 1.24% |
| 2021 | 16.60% | 11.55% |
| 2020 | -1.09% | -0.74% |
| 2019 | 5.56% | 4.09% |
| 2018 | 5.28% | 4.78% |
| 2017 | 5.86% | 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 31st Dec. 2022.
Top 10 Investments
-
Fx Positions
New Zealand Int Fixed Interest2.74% -
First Sentier Global Listed Infrastructure Fund
New Zealand Other1.31% -
ASB Bank Limited Rcd Maturing 24/03/2023
New Zealand Cash and Equivalents AA-1.3% -
New Zealand Government Bond 3.00% 20/04/2029
New Zealand NZ Fixed Interest AAA1.16% -
New Zealand Government Bond 1.75% 15/05/2041
New Zealand NZ Fixed Interest AAA1.09% -
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities1.03% -
Spark New Zealand Limited
New Zealand Australasian Equities0.94% -
New Zealand Government Bond 0.5% 15/05/2024
New Zealand NZ Fixed Interest AAA0.93% -
Housing New Zealand Limited Bond 3.36% 12/06/2025
New Zealand NZ Fixed Interest AAA0.92% -
New Zealand Government Bond 2.75% 15/04/2037
New Zealand NZ Fixed Interest AAA0.9%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 18.0% | 18.62% |
| New Zealand Fixed Interest | 13.0% | 12.85% |
| International Fixed Interest | 29.0% | 27.99% |
| Australasian Equities | 9.5% | 9.54% |
| International Equities | 22.5% | 21.86% |
| Listed Properties | 2.0% | 1.87% |
| Unlisted Properties | 2.0% | 2.17% |
| Other | 4.0% | 5.1% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.