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:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Thermo Fisher Scientific Inc 0.21%
    • Meta Platforms Inc-Class A 0.15%
    • Johnson & Johnson 0.12%
    • Nestle Holdings Inc 0.07%
    • Nestle SA-Reg 0.06%
    • Motorola Solutions Inc 0.03%
    • Wells Fargo & Co 0.03%
    • Caterpillar Inc 0.01%
    • 3M Company 0.04%
    • BHP Group Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Air Liquide SA 0.13%
    • Ecolab Inc 0.09%
    • Croda International PLC 0.08%
    • L'Oreal 0.08%
    • Estee Lauder Companies-Cl A 0.07%
    • Procter & Gamble Co/The 0.07%
    • Reliance Industries Ltd 0.07% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Colgate-Palmolive Co 0.06%
    • Unilever PLC 0.06%
    • Essity Ab 0.05%
    • Kimberly-Clark De Mexico 0.05%
    • LVMH Moet Hennessy Vuitt 0.05%
    • Symrise AG 0.05%
    • 3M Company 0.04%
    • Clorox Company 0.04%
    • Nomad Foods Ltd 0.03%
    • Intl Flavor & Fragrances 0.02%
    • Intl Flavors & Fragrances 0.02%
    • Kimberly-Clark Corp 0.02%
    • Koninklijke Ahold Delhaize N 0.02%
    • LVMH Moet Hennessy Louis Vui 0.02%
    • Orbia Advance Corp Sab 0.02%
    • Shin-Etsu Chemical Co Ltd 0.02%
    • Celanese US Holdings Llc 0.01%
    • Church & Dwight Co Inc 0.01%
    • Equate Petrochemical Bv 0.01%
    • Givaudan Fin Europe 0.01%
    • Hermes International 0.01%
    • Contact Energy Ltd 0.69% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.12%
    • Orsted A/S 0.12% 1.5°C
      This company is on a 1.5°C pathway
    • Enel Finance Intl Nv 0.10% 1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastructure NZ Lt 0.09%
    • Iberdrola SA 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan Inc 0.08% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Snam Spa 0.08% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Apa Infrastructure Ltd 0.07% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • E.On Intl Finance Bv 0.07%
    • Reliance Industries Ltd 0.07% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • A2A Spa 0.06%
    • Cie De Saint-Gobain 0.06%
    • Enel Chile SA 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Hera Spa 0.06%
    • Centerpoint Energy Inc 0.05%
    • Esb Finance Dac 0.05%
    • Public Service Enterprise Gp 0.05%
    • Vier Gas Transport Gmbh 0.05%
    • Alliant Energy Corp 0.04%
    • Ck Hutchison Intl 17 Ltd 0.04%
    • Dominion Energy Inc 0.04%
    • Enel Spa 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Naturgy Finance Bv 0.04%
    • Xcel Energy Inc 0.04%
    • Marathon Petroleum Corp 0.03%
    • National Grid Na Inc 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • National Grid PLC 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Nextera Energy Capital 0.03%
    • Portland General Electric Co 0.03%
    • Santos Finance Ltd 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Valero Energy Corp 0.03%
    • American Electric Power 0.02%
    • Atlantica Sustainable Infras 0.02%
    • E.On Se 0.02%
    • Enterprise Products Oper 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Genesis Energy Ltd 0.02%
    • Hutchison Whampoa Fin UK 0.02%
    • Iberdrola Finanzas Sau 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Korea Midland Power Co 0.02%
    • Pinnacle West Capital 0.02%
    • Williams Companies Inc 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Williams Cos Inc 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Ampol Ltd 0.01%
    • BHP Group Ltd 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Cheniere Energy Inc 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Edp Finance Bv 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enbridge Inc 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Korea Gas Corp 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Oneok Inc 0.01%
    • Pembina Pipeline Corp 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Phillips 66 0.01%
    • Sgsp Australia Assets 0.01%
    • Targa Resources Corp 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. 2023 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

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 $217M NZD
Period of data report 30th Sept. 2023
Members 5,842
Fund started 18th Feb. 2015
Total annual fund fees 0.68%
Total performance based fees 0.0%
Manager's basic fee 0.59%
Other management and administration charges 0.09%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (0 years, 5 months)
Previously: Director Investments (Australia) Limited (current) (10 years, 1 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (14 years, 7 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (5 years, 11 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Padraig Brown

Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (1 years, 4 months)
Previously: Head of Real Estate Investment Management, Mercer Australia (Pty) Ltd (11 years, 2 months)

Robert Kavanagh

Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (9 years, 6 months)
Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.

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
2023 -2.79% -1.96%
2022 0.71% 1.24%
2021 17.98% 11.55%
2020 -1.40% -0.74%
2019 5.81% 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 30th Sept. 2023.

Top 10 Investments

  • New Zealand Government Bond 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    2.01%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    1.99%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.23%
  • New Zealand Government Bond 4.5 15/04/2027
    New Zealand NZ Fixed Interest AAA
    1.14%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    1.12%
  • First Sentier Investments Global Listed Infrastructure Fund
    New Zealand Other
    1.11%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    0.97%
  • BNP Paribas US Dollar Account
    United States Int Fixed Interest
    0.9%
  • Infratil Limited
    New Zealand Australasian Equities
    0.89%
  • New Zealand Government Bond 2.00% 15/05/2032
    New Zealand NZ Fixed Interest AAA
    0.89%
Type Target Actual
Cash and Cash Equivalents 18.0% 18.78%
New Zealand Fixed Interest 13.0% 14.2%
International Fixed Interest 29.0% 28.55%
Australasian Equities 9.5% 9.01%
International Equities 22.5% 21.07%
Listed Properties 2.0% 2.6%
Unlisted Properties 2.0% 1.93%
Other 4.0% 3.86%
Commodities 0.0% 0.0%

Investment Mix

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.