Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including management and administration fees, but not membership 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
Apa Corporation Com Usd0.625 0.02%
Apa Group 0.03%
Arc Resources Com Npv 0.02%
Atmos Energy Corp 0.08%
Atmos Energy Corporation 0.03%
BHP Group PLC 0.07%
BP P.L.C 0.07%
Cheniere Energy Inc 0.01%
Cheniere Energy, Inc. 0.02%
China Petroleum & Chemical 0.01%
Coca Cola Co USD 0.11%
Cosmo Energy Holdings Co Ltd 0.02%
Crescent Point Energy Corp 0.08%
Dcp Midstream Partners Lp 0.01%
Dominion Energy Inc Com 0.10%
Enbridge Inc 0.09%
Energy Transfer Eq Com Units Rep Ltd Ptn 0.01%
Enerplus Corp Com Npv 0.01%
Eni Spa 0.11%
Enterprise Products Partners L.P. 0.04%
Eqt Corporation 0.02%
Genesis Energy Ltd 0.09%
Grupa Lotos SA 0.03%
Hk Electric Investments Ltd 0.01%
Keyera Corp Com 0.01%
Koninklijke Vopak Nv 0.03%
Magellan Midstream Partners Lp 0.04%
Marathon Petrol Com 0.02%
Misc Bhd 0.01%
Mol Hungarian Oil 0.02%
Murphy Oil Corp 0.02%
Nippon Steel Trading Corporation 0.01%
Novatek PJSC 0.02%
Oneok Inc 0.02%
Ovintiv Inc 0.01%
Pembina Pipeline 0.01%
Pembina Pipeline Corporation 0.05%
Petroleo Brasileiro Petrobras SA 0.03%
Phillips 66 Com Usd0.01 0.02%
Polski Koncern Naftowy 0.02%
Posco 0.04%
Ptt Public Company Thb10 0.03%
Public Power Corp 0.02%
Royal Dutch Shell PLC-Adr 0.05%
Royal Dutch Shell PLC-B Shs 0.06%
Rubis Eur1.25 0.12%
Rubis Sca 0.04%
Saudi Arabian Oil 0.02%
Sk Innovation 0.01%
Snam Spa 0.04%
Teekay Lng Partners Lp 0.02%
Tokyo Gas Co Ltd 0.03%
Total SA 0.06%
Tourmaline Oil Cp Com 0.02%
Ugi Corporation 0.03%
Vale SA 0.06%
Valero Energy Corp 0.01%
Whitecap Resources Inc 0.01%
Williams Companies Inc 0.01%
Weapons
Amphenol Corp Cl A 0.15%
Howmet Aerospace I Com USD 0.04%
Meggitt PLC 0.06%
Onex Corp 0.01%
Tobacco
Casey'S General Stores Inc 0.06%
Seven & I Holdings Co Ltd 0.03%
Gambling
Aristocrat Leisure Ltd 0.11%
Churchill Downs Incorporated 0.02%
Draftkings Inc 0.03%
Golden Entertainment Inc 0.01%
Mgm Growth Properties Llc 0.01%
Playtech Ord Npv 0.03%
Red Rock Resorts Inc 0.03%
Skycity Entertainment Group Limited 0.29%
Vici Properties Inc 0.05%
Alcohol
Ambev SA Com Npv 0.03%
Brown Forman Corp 0.02%
Christian Dior Se 0.02%
Treasury Wine Estates Limited 0.09%
Want Want China Holdings Ltd 0.02%
Palm Oil
Posco 0.04%
GMOs
Human Rights & Environmental Violations
BHP Group PLC 0.07%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.01%
Evergreen Marine Corporation 0.05%
Johnson & Johnson Com US$1 0.33%
Johnson + Johnson Common Stock Usd1.0 0.07%
Mmc Norilsk Nickel Adr 0.01%
Motorola Solutions Inc 0.32%
Nestle SA 0.20%
Petroleo Brasileiro Petrobras SA 0.03%
Posco 0.04%
Rio Tinto PLC Ord 10P Gbp 0.10%
Royal Dutch Shell PLC-Adr 0.05%
Royal Dutch Shell PLC-B Shs 0.06%
Sempra Energy USD 0.07%
Southern Copper Corporation 0.04%
Tokyo Electric Power Company Holdings Incorporated 0.02%
Vale SA 0.06%
Animal Testing
Advansix Inc 0.010%
Air Liquide 0.010%
Air Liquide SA Common Stock Eur5.5 0.020%
Air Water Inc 0.040%
Basf Se 0.010%
Capri Holdings Ltd Com Npv 0.060%
Celanese Corp Series A 0.030%
Central Glass Co Ltd 0.020%
Chr Hansen Holding A/S Common Stock Dkk10. 0.030%
Christian Dior Se 0.020%
Church & Dwight Co 0.050%
Cj Cheikjedang Corp 0.010%
Clorox Co Del 0.050%
Coca Cola Co USD 0.110%
Croda International PLC Common Stock Gbp.1060976 0.020%
Danone Common Stock EUR.25 0.020%
Dow Inc 0.010%
Earth Corporation Npv 0.020%
Ecolab Inc Common Stock Usd1.0 0.120%
Elkem Asa 0.020%
Estee Lauder Companies 0.010%
Estee Lauder Companies Cl A Common Stock USD.01 0.030%
General Mills Inc 0.050%
Givaudan Reg Common Stock Chf10.0 0.010%
Glaxosmithkline PLC 0.050%
Henkel AG & Co Kgaa Non Vtg Pref 0.050%
Herbalife Nutrition Ltd 0.010%
Hermes International 0.050%
Hp Inc Common Stock USD.01 0.020%
Intl Flavors & Fragrances USD 0.130%
Johnson & Johnson Com US$1 0.330%
Johnson + Johnson Common Stock Usd1.0 0.070%
Kellogg Company 0.050%
Kikkoman Corporation Jpy 0.010%
Kimberly Clark Corp Com Usd1.25 0.060%
Koninklijke Dsm Nv Common Stock Eur1.5 0.070%
Kureha Corporation Npv 0.020%
L Brands Inc Com Usd0.50 0.020%
L Oreal Common Stock EUR.2 0.040%
L'Oreal 0.020%
Lenzing AG Common Stock 0.010%
Lg Household Health Care 0.030%
Linde PLC 0.020%
Linde PLC Common Stock EUR.001 0.060%
Marico Ltd Common Stock Inr1. 0.010%
Mondelez International Inc 0.130%
Nagase & Co Ltd 0.020%
Nan Ya Plastics Corp 0.030%
Nestle SA 0.200%
Nippon Shokubai Jp50 0.020%
Nippon Suisan Kaisha Ltd 0.020%
Nissan Chemical Corporation 0.030%
Nisshinbo Holdings Inc 0.030%
Nu Skin Enterprises Inc - Class A 0.020%
Pepsico Inc Cap US$0.01 2/3 0.120%
Phosagro PJSC Gdr 0.020%
Procter & Gamble Company 0.260%
Procter + Gamble Co/The Common Stock 0.030%
Reckitt Benckiser Group PLC 0.010%
Royal Dutch Shell PLC-Adr 0.050%
Royal Dutch Shell PLC-B Shs 0.060%
Rpm International Inc 0.020%
Salvatore Ferragamo Spa 0.010%
Seven & I Holdings Co Ltd 0.030%
Shin-Etsu Chem Co Y50 0.010%
Sk Innovation 0.010%
Symrise AG Common Stock 0.070%
Umicore Common Stock 0.010%
Unicharm Corp Common Stock 0.010%
Unilever PLC 0.020%
Unilever PLC Common Stock Gbp.0311 0.050%
Upc Technology Corp 0.020%
Usana Helath Sciences Inc 0.040%
Wd 40 Co 0.030%
Xerox Hldgs Corp Com Usd1.00 0.040%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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.
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.
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 |
|---|---|---|
| 2021 | 35.08% | 30.77% |
| 2020 | -6.18% | -6.22% |
| 2019 | 9.46% | 6.36% |
| 2018 | 6.55% | 9.55% |
| 2017 | 10.40% | 11.11% |
| 2016 | 4.51% | 3.91% |
| 2015 | 15.30% | 14.06% |
| 2014 | 10.31% | 11.58% |
| 2013 | 13.23% | 9.89% |
| 2012 | -5.15% | -2.98% |
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 Wed June 30th 2021.
Showing the top 10 investments for this fund:
-
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities2.49% -
First Sentier Global Listed Infrastructure Fund
New Zealand Other2.02% -
Westpac Business Interest Account
New Zealand Cash and Equivalents AA-1.98% -
Spark New Zealand Limited
New Zealand Australasian Equities1.39% -
Contact Energy Limited
New Zealand Australasian Equities1.13% -
Auckland International Airport Limited
New Zealand Australasian Equities1.11% -
Mainfreight Limited
New Zealand Australasian Equities1.09% -
Fletcher Building Limited
New Zealand Australasian Equities1.07% -
Infratil Limited
New Zealand Australasian Equities1.07% -
Meridian Energy Limited
New Zealand Australasian Equities0.97%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed June 30th 2021.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 1.0% | 2.79% |
| New Zealand Fixed Interest | 1.0% | 0.61% |
| International Fixed Interest | 3.0% | 2.47% |
| Australasian Equities | 20.0% | 18.35% |
| International Equities | 61.0% | 60.44% |
| Listed Properties | 3.5% | 3.42% |
| Unlisted Properties | 3.5% | 2.65% |
| Other | 7.0% | 7.31% |
| Commodities | 0.0% | 1.96% |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 2021.
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).
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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.21%
-
Animal Testing:3.74%
-
Fossil Fuels:2.43%
-
Gambling:0.58%
-
GMOs:0.01%
-
Human Rights & Environmental Violations:1.62%
-
Palm Oil:0.06%
-
Tobacco:0.08%
-
Weapons:0.30%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.
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.
In their own words
"Invests almost entirely in growth assets such as shares and real assets with only a small amount invested in cash and fixed interest. May be suitable for investors wanting to invest predominately in growth assets who want higher long-term returns and are comfortable with high volatility in returns. Mercer is one of the world’s leading firms for superannuation and investments with over 23,000 colleagues worldwide helping ensure sustainable returns 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 | $280M NZD |
| Period of data report | Wed June 30th 2021 |
| Members | 7,968 |
| Fund started | Mon Oct. 1st 2007 |
| Total annual fund fees | 1.0% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.82% |
| Other management and administration charges | 0.18% |
| Total other charges | 27.0 |
| Total other charges currency | NZD |
Key Personnel
|
Kristen Kohere-Soutar |
Currently: Chair - Mercer (N.Z.) Ltd (1 years, 7 months) |
|
Martin Lewington |
Currently: CEO - Mercer (N.Z.) Ltd (12 years, 4 months) |
|
Kylie Willment |
Currently: Chief Investment Officer Pacific Mercer Australia (Pty) Ltd (3 years, 8 months) |
|
Ronan Mccabe |
Currently: Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (0 years, 10 months) |
|
Robert Kavanagh |
Currently: Portfolio Manager - Mercer (N.Z.) Ltd (7 years, 3 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 2021.
Downloads
Download the fund's disclosure statement and portfolio holdings.
