Mercer Balanced Fund

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Mindful Fund
Type: Balanced fund
Past Returns: 2.90%

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

Annual Fees: 0.79%

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%
Apt Pipelines Ltd 4.25% Due 07-15-2027 0.01%
Exxon Mobil Corp 3.043% Due 03-01-2026 0.01%
Statoil Asa 2.65% Due 01-15-2024 0.01%
Cnooc Ltd 0.01%
Royal Dutch Shell Plc - A Shares 0.01%
Petroleo Brasileiro Petrobras Sa 0.01%
Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.01%
Teekay Lng Partners Lp 0.01%
Nextera Energy Partners Lp 0.01%
Dte Energy Co USD 0.01%
Oneok Partners L P 3.375% Due 10-01-2022 0.01%
Omv Ag 0.01%
Repsol Sa 0.01%
Kinder Morgan Inc 1.5% Due 03-16-2022 0.01%
Energy Transfer Eq Com Units Rep Ltd Ptn 0.01%
Hokkaido Electric Power Co 0.01%
Korea Gas Corp 3.875% Due 02-12-2024 0.01%
Shikoku Electric Power Company Incorpora 0.01%
Idemitsu Kosan Co Ltd 0.01%
Chevron Corp 0.01%
Aker Bp Asa 0.03%
Nextera Energy Inc 0.12%
Dominion Energy Inc Com 0.09%
American Electric Power Company, Inc. 0.08%
Xcel Energy Inc. 0.05%
Emera Inc 0.04%

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%
Nutrien Ltd 3.375% Due 03-15-2025 0.01%
Bayer Ag 0.01%
Novartis Adr Sponsored 0.01%
Basf Se 0.01%
Syngenta Finance Nv 0.03%

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%
Bayer Ag 0.010%
Clorox Co Del 0.010%
Royal Dutch Shell Plc - A Shares 0.010%
Kimberly Clark De Mexico A 0.010%
Orica Limited 0.010%
Colgate-Palmolive Co 4% Due 08-15-2045 0.010%
L'Oreal 0.010%
Basf Se 0.010%
Henkel Ag & Co Kgaa 0.010%
Glaxosmithkline 6.375% Due 05-15-2038 0.010%
Mitsui Chemicals Inc 0.010%
Kimberly Clark 6.625% Due 08-01-2037 0.010%
Chevron Corp 0.010%
Syngenta Finance Nv 0.030%

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 June 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 and research organisations.

A summary of this fund and its details.

Number FND15
Name Mercer Balanced Fund
Risk profile Balanced fund
Description Invests in a wide range of assets. May be suitable for investors who want a diversified investment with exposure to shares, real assets, alternative assets, fixed interest and cash, who are comfortable with a higher degree of volatility in returns than can be expected from the Moderate fund and who can invest for the long term.
Value $430M NZD
Members 12,378
Market index description The composite index return is the strategic asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives. Additional information about the composite index is available on the offer register.
Period of data report Tue June 30th 2020
Fund started Mon Oct. 1st 2007
Three-year average return 2.90%
Market index past year return 2.78%
Past year return net of charges and tax 1.98%
Past year return net of charges gross of tax 2.62%
Market index return since fund started 8.19%
Return since fund started net 6.36%
Total annual fund fees 0.79%
Total performance based fees 0.0%
Manager's basic fee 0.68%
Administration charges 0.11%
Total other charges 28.5
Total other charges currency NZD

Key Personnel

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kristen Kohere-Soutar

    Currently: Chair - Mercer (N.Z.) Ltd (0 years, 7 months)
    Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 10 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (2 years, 8 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (11 years, 4 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Philip Houghton-Brown

    Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (7 years, 11 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

  • Ronan Mccabe

    Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (1 years, 3 months)
    Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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% -2.84%
2019 5.68% 5.04%
2018 5.63% 6.51%
2017 6.10% 7.3%
2016 4.01% 3.52%
2015 11.09% 11.34%
2014 7.28% 8.03%
2013 10.75% 7.91%
2012 1.75% 0.05%
2011 5.30% 5.41%

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:

  • AMP Capital Investors NZ Cash Fund
    New Zealand Cash and Equivalents
    9.08%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest NA
    2.98%
  • First State Investments Global Listed Infrastructure Fund
    New Zealand Other
    1.86%
  • Fisher & Paykel Healthcare Corporation
    New Zealand Australasian Equities
    1.52%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    1.33%
  • New Zealand Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.26%
  • Aviva Investors Multi-Strategy Fixed Income Fund
    Australia Int Fixed Interest
    1.22%
  • New Zealand Government Bond 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    1.06%
  • BNP Paribas US Dollar Account
    United States International Equities
    1.0%
  • New Zealand Government Bond 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    0.93%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 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% 10.0%
New Zealand Fixed Interest 10.0% 9.87%
International Fixed Interest 25.0% 24.77%
Australasian Equities 10.0% 9.2%
International Equities 28.5% 29.4%
Listed Properties 3.0% 3.03%
Unlisted Properties 3.0% 2.99%
Other 9.0% 9.25%
Commodities 1.5% 1.49%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 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 June 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 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 a wide range of assets. May be suitable for investors who want a diversified investment with exposure to shares, real assets, alternative assets, fixed interest and cash, who are comfortable with a higher degree of volatility in returns than can be expected from the Moderate fund and who can invest for the long term."

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.