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

    • Meta Platforms Inc-Class A 0.35%
    • Thermo Fisher Scientific Inc 0.24%
    • Johnson & Johnson 0.22%
    • Nestle SA-Reg 0.06%
    • Wells Fargo & Co 0.06%
    • Nestle Holdings Inc 0.05%
    • Motorola Solutions Inc 0.04%
    • Uber Technologies Inc 0.04%
    • Ubs Group AG 0.04%
    • Ubs Group AG-Reg 0.03%
    • Caterpillar Inc 0.02%
    • Thermo Fisher Scientific 0.01%
    • 3M Co 0.02%
    • BHP Group Ltd 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
    • Procter & Gamble Co/The 0.35%
    • Air Liquide SA 0.25%
    • Ecolab Inc 0.20%
    • L'Oreal 0.14%
    • Croda International PLC 0.11%
    • Colgate-Palmolive Co 0.10%
    • Symrise AG 0.10%
    • Unilever PLC 0.08%
    • Reliance Industries Ltd 0.06% !!
      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
    • Essity Ab 0.05%
    • Kimberly-Clark De Mexico 0.05%
    • Nomad Foods Ltd 0.05%
    • Intl Flavors & Fragrances 0.04%
    • LVMH Moet Hennessy Vuitt 0.04%
    • Clorox Company 0.03%
    • Hermes International 0.03%
    • Koninklijke Ahold Delhaize N 0.03%
    • LVMH Moet Hennessy Louis Vui 0.03%
    • Sherwin-Williams Co/The 0.03%
    • Shin-Etsu Chemical Co Ltd 0.03%
    • 3M Co 0.02%
    • Akzo Nobel N.V. 0.01%
    • Beiersdorf AG 0.01%
    • Church & Dwight Co Inc 0.01%
    • Equate Petrochemical Bv 0.01%
    • Givaudan Fin Europe 0.01%
    • Henkel AG & Co Kgaa Vor-Pref 0.01%
    • Kimberly-Clark Corp 0.01%
    • Orbia Advance Corp Sab 0.01%
    • PPG Industries Inc 0.01%
    • Contact Energy Ltd 1.08% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.25%
    • National Grid PLC 0.20% !!
      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
    • Channel Infrastructure NZ Lt 0.17%
    • Iberdrola SA 0.15% 1.5°C
      This company is on a 1.5°C pathway
    • Kinder Morgan Inc 0.09% !!
      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 0.09% !!
      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%
    • Hera Spa 0.07%
    • Orsted A/S 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • A2A Spa 0.06%
    • Enel Finance Intl Nv 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Reliance Industries Ltd 0.06% !!
      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
    • Dominion Energy Inc 0.05%
    • Enel Chile SA 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Esb Finance Dac 0.05%
    • Valero Energy Corp 0.05%
    • Vier Gas Transport Gmbh 0.05%
    • Williams Companies Inc 0.05% !!
      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
    • Alliant Energy Corp 0.04%
    • Con Edison Co Of Ny Inc 0.04%
    • Consolidated Edison Inc 0.04%
    • Enel Spa 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.04%
    • Naturgy Finance Bv 0.04%
    • Pinnacle West Capital 0.04%
    • Genesis Energy Ltd 0.03%
    • Oneok Inc 0.03%
    • Pembina Pipeline Corp 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
    • Phillips 66 0.03%
    • Portland General Electric Co 0.03%
    • Targa Resources Corp 0.03%
    • Williams Cos 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
    • Xcel Energy Inc 0.03%
    • Atlantica Sustainable Infras 0.02%
    • BHP Group Ltd 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
    • Centerpoint Energy Inc 0.02%
    • Cheniere Energy 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
    • Enbridge 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
    • 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
    • Hutchison Whampoa Fin UK 0.02%
    • Iberdrola Finanzas Sau 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Rwe AG 0.02%
    • Edp Finance Bv 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Eneos Holdings Inc 0.01%
    • Fairfax Financial Hldgs Ltd 0.01%
    • Hf Sinclair Corp 0.01%
    • Hutch Whampoa Int 14 Ltd 0.01%
    • Keyera 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
    • Korea Midland Power Co 0.01%
    • Nextera Energy Capital 0.01%
    • Public Service Enterprise Gp 0.01%
    • Tc Energy 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

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2024 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 growth assets such as shares and real assets with about 40% invested in defensive assets such as fixed interest and cash. May be suitable for investors who want a diversified investment with exposure to shares, real assets, fixed interest and cash. This fund can be expect to have a higher degree of volatility in returns than can be expected from the Sustainable Plus Moderate fund and is more suited to investors who can invest for the long term. 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 $621M NZD
Period of data report 30th June 2024
Members 13,140
Fund started 1st Oct. 2007
Total annual fund fees 0.76%
Total performance based fees 0.0%
Manager's basic fee 0.68%
Other management and administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 2 months)
Previously: Director Investments (Australia) Limited (current) (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (15 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (6 years, 8 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 (2 years, 1 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 (10 years, 3 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 June 2024.

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
2024 10.71% 9.63%
2023 -2.79% -2.71%
2022 1.34% 2.54%
2021 17.98% 18.31%
2020 -1.40% -2.84%
2019 5.81% 5.04%
2018 5.28% 6.51%
2017 5.86% 7.3%
2016 4.01% 3.52%
2015 11.09% 11.34%

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 June 2024.

Top 10 Investments

  • Microsoft Corporation
    United States International Equities
    2.0%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.92%
  • Nvidia Corp
    United States International Equities
    1.57%
  • Infratil Limited
    New Zealand Australasian Equities
    1.56%
  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    1.3%
  • Apple Inc
    United States International Equities
    1.29%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.2%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.16%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.12%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    0.96%
Type Target Actual
Cash and Cash Equivalents 5.0% 4.39%
New Zealand Fixed Interest 10.0% 10.87%
International Fixed Interest 25.0% 24.65%
Australasian Equities 14.0% 13.63%
International Equities 38.0% 37.54%
Listed Properties 0.0% 0.98%
Unlisted Properties 3.0% 2.87%
Other 5.0% 5.07%
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 June 2024.