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 0.49%
    • Meta Platforms Inc-Class A 0.33%
    • Johnson & Johnson 0.29%
    • Nestle SA-Reg 0.13%
    • Wells Fargo & Co 0.08%
    • Motorola Solutions Inc 0.06%
    • Nestle Holdings Inc 0.04%
    • Caterpillar Inc 0.03%
    • Uber Technologies Inc 0.02%
    • Alstom 0.01%
    • Glencore PLC 0.01%
    • Rio Tinto PLC 0.01%
    • BHP Group 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
    • 3M Co 0.02%
    • 3M Company 0.02%
    • Duke Energy Corp 0.01%
    • Fmc Corp 0.01%
    • Glencore PLC 0.01%
    • Air Liquide SA 0.31%
    • Ecolab Inc 0.21%
    • Croda International PLC 0.19%
    • L'Oreal 0.18%
    • Procter & Gamble Co/The 0.16%
    • Estee Lauder Companies-Cl A 0.15%
    • Unilever PLC 0.14%
    • Colgate-Palmolive Co 0.13%
    • Symrise AG 0.12%
    • Nomad Foods Ltd 0.07%
    • Intl Flavors & Fragrances 0.06%
    • Kimberly-Clark Corp 0.05%
    • Clorox Company 0.04%
    • Koninklijke Ahold Delhaize N 0.04%
    • LVMH Moet Hennessy Louis Vui 0.04%
    • Shin-Etsu Chemical Co Ltd 0.04%
    • Church & Dwight Co Inc 0.03%
    • Hermes International 0.03%
    • Reliance Industries 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
    • 3M Co 0.02%
    • 3M Company 0.02%
    • Akzo Nobel N.V. 0.02%
    • Beiersdorf AG 0.02%
    • Essity Ab 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Intl Flavor & Fragrances 0.02%
    • Kimberly-Clark De Mexico 0.02%
    • LVMH Moet Hennessy Vuitt 0.02%
    • Orbia Advance Corp Sab 0.02%
    • Burberry Group PLC 0.01%
    • Celanese US Holdings Llc 0.01%
    • Fmc Corp 0.01%
    • Moncler Spa 0.01%
    • Mowi Asa 0.01%
    • Sherwin-Williams Co/The 0.01%
    • Unicharm Corp 0.01%
    • Contact Energy Ltd 1.13% 1.5°C
      This company is on a 1.5°C pathway
    • Orsted A/S 0.26% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.25%
    • Iberdrola SA 0.20% 1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastructure NZ Lt 0.15%
    • Public Service Enterprise Gp 0.10%
    • Centerpoint Energy Inc 0.08%
    • Enel Spa 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Snam Spa 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
    • Xcel Energy Inc 0.07%
    • Alliant Energy Corp 0.06%
    • Dominion Energy Inc 0.06%
    • Enel Finance Intl Nv 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Marathon Petroleum Corp 0.06%
    • National Grid PLC 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
    • Valero Energy Corp 0.06%
    • E.On Se 0.05%
    • Kinder Morgan 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
    • Portland General Electric Co 0.05%
    • American Electric Power 0.04%
    • Atlantica Sustainable Infras 0.04%
    • Genesis Energy Ltd 0.04%
    • Hera Spa 0.04%
    • A2A Spa 0.03%
    • Apa Infrastructure 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
    • BHP Group 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
    • Cheniere Energy 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
    • E.On Intl Finance Bv 0.03%
    • Enbridge 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 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
    • Nextera Energy Capital 0.03%
    • Oneok Inc 0.03%
    • Phillips 66 0.03%
    • Pinnacle West Capital 0.03%
    • Reliance Industries 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
    • 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
    • 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
    • Centrica PLC 0.02%
    • Cie De Saint-Gobain 0.02%
    • Ck Hutchison Intl 17 Ltd 0.02%
    • Compagnie De Saint Gobain 0.02%
    • Enel Chile SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Esb Finance Dac 0.02%
    • Fairfax Financial Hldgs Ltd 0.02%
    • Hf Sinclair Corp 0.02%
    • Keyera Corp 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
    • Korea Midland Power Co 0.02%
    • Naturgy Finance Bv 0.02%
    • Pembina Pipeline Corp 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
    • Tc Energy Corp 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
    • Vier Gas Transport Gmbh 0.02%
    • Ampol Ltd 0.01%
    • Duke Energy Corp 0.01%
    • Eneos Holdings Inc 0.01%
    • Glencore PLC 0.01%
    • Kobe Steel Ltd 0.01%
    • Mitsubishi 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
    • Parkland Corp 0.01%
    • Rio Tinto PLC 0.01%
    • Sgsp Australia Assets 0.01%
    • Southern Co/The 0.01%
    • Verbund AG 0.01% 1.5°C
      This company is on a 1.5°C pathway

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 predominantly in growth assets such as shares and real assets, with only a limited amount in defensive assets such as fixed interest and cash. This fund may be suited to investors wanting to invest mostly in growth assets who are comfortable accepting more volatile returns than those expected from the Sustainable Plus Balanced fund with a view to achieving higher longer-term returns. 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 $219M NZD
Period of data report 30th Sept. 2023
Members 6,537
Fund started 18th Feb. 2015
Total annual fund fees 0.87%
Total performance based fees 0.0%
Manager's basic fee 0.77%
Other management and administration charges 0.1%
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 -3.87% -3.23%
2022 2.25% 4.04%
2021 28.16% 25.23%
2020 -3.43% -4.97%
2019 6.75% 5.53%
2018 7.80% 8.0%
2017 9.24% 9.52%
2016 3.62% 3.24%

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

  • Microsoft Corporation
    United States International Equities
    2.04%
  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    1.99%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.6%
  • Infratil Limited
    New Zealand Australasian Equities
    1.47%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.43%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.3%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.13%
  • Apple Inc
    United States International Equities
    1.11%
  • BNP Paribas US Dollar Account
    United States Int Fixed Interest
    1.0%
  • Nvidia Corp
    United States International Equities
    0.88%
Type Target Actual
Cash and Cash Equivalents 1.0% 2.06%
New Zealand Fixed Interest 5.0% 5.39%
International Fixed Interest 14.0% 14.18%
Australasian Equities 15.5% 14.87%
International Equities 50.5% 48.51%
Listed Properties 3.5% 4.74%
Unlisted Properties 3.5% 3.53%
Other 7.0% 6.72%
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.