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 0.72%
    • Meta Platforms Inc-Class A 0.49%
    • Johnson & Johnson 0.42%
    • Nestle SA-Reg 0.19%
    • Wells Fargo & Co 0.11%
    • Motorola Solutions Inc 0.09%
    • Caterpillar Inc 0.04%
    • Alstom 0.02%
    • Glencore PLC 0.02%
    • Rio Tinto PLC 0.02%
    • Uber Technologies Inc 0.02%
    • BHP Group Ltd 0.04% !!
      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 0.03%
    • Duke Energy Corp 0.02%
    • Fmc Corp 0.02%
    • Glencore PLC 0.02%
    • Archer-Daniels-Midland Co 0.01%
    • Basf Se 0.01%
    • Bayer AG-Reg 0.01%
    • Corteva Inc 0.01%
    • Freeport-Mcmoran Inc 0.01%
    • Air Liquide SA 0.45%
    • Ecolab Inc 0.31%
    • Croda International PLC 0.28%
    • L'Oreal 0.27%
    • Procter & Gamble Co/The 0.24%
    • Estee Lauder Companies-Cl A 0.22%
    • Unilever PLC 0.21%
    • Colgate-Palmolive Co 0.19%
    • Symrise AG 0.17%
    • Nomad Foods Ltd 0.11%
    • Intl Flavors & Fragrances 0.08%
    • Kimberly-Clark Corp 0.08%
    • Koninklijke Ahold Delhaize N 0.06%
    • LVMH Moet Hennessy Louis Vui 0.06%
    • Clorox Company 0.05%
    • Shin-Etsu Chemical Co Ltd 0.05%
    • Church & Dwight Co Inc 0.04%
    • Hermes International 0.04%
    • 3M Co 0.03%
    • Akzo Nobel N.V. 0.03%
    • Beiersdorf AG 0.03%
    • Burberry Group PLC 0.02%
    • Fmc Corp 0.02%
    • Henkel AG & Co Kgaa Vor-Pref 0.02%
    • Moncler Spa 0.02%
    • Mowi Asa 0.02%
    • Sherwin-Williams Co/The 0.02%
    • Unicharm Corp 0.02%
    • Albemarle Corp 0.01%
    • Basf Se 0.01%
    • Bayer AG-Reg 0.01%
    • Corteva Inc 0.01%
    • Henkel AG & Co Kgaa 0.01%
    • Kering 0.01%
    • Livent Corp 0.01%
    • Solvay SA 0.01%
    • Umicore 0.01%
    • Amphenol Corp-Cl A 0.01%
    • Howmet Aerospace Inc 0.01%
    • Singapore Tech Engineering 0.01%
    • Contact Energy Ltd 2.13% 1.5°C
      This company is on a 1.5°C pathway
    • Channel Infrastructure NZ Lt 0.28%
    • Iberdrola SA 0.27% 1.5°C
      This company is on a 1.5°C pathway
    • Orsted A/S 0.24% 1.5°C
      This company is on a 1.5°C pathway
    • Nextera Energy Inc 0.17%
    • Valero Energy Corp 0.09%
    • Marathon Petroleum Corp 0.08%
    • Genesis Energy Ltd 0.07%
    • 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
    • Phillips 66 0.05%
    • Williams Cos 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
    • BHP Group Ltd 0.04% !!
      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 0.04% !!
      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 0.04% !!
      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 0.04%
    • Targa Resources Corp 0.04%
    • Compagnie De Saint Gobain 0.03%
    • Fairfax Financial Hldgs Ltd 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
    • Centrica PLC 0.02%
    • Duke Energy Corp 0.02%
    • Eneos Holdings Inc 0.02%
    • Glencore PLC 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
    • Kobe Steel Ltd 0.02%
    • Mitsubishi 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
    • Parkland Corp 0.02%
    • Rio Tinto PLC 0.02%
    • Southern Co/The 0.02%
    • 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
    • Verbund AG 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • American Electric Power 0.01%
    • Ampol Ltd 0.01%
    • Enel Spa 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu 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
    • Mitsui & Co 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
    • National Grid PLC 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
    • Neste Oyj 0.01%
    • Nippon Yusen Kk 0.01%
    • Sempra Energy 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 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 almost entirely in shares. May be suitable for investors seeking exposure mostly to shares and who are comfortable with a high level of volatility in 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 $51.1M NZD
Period of data report 30th Sept. 2023
Members 2,260
Fund started 18th Feb. 2015
Total annual fund fees 0.94%
Total performance based fees 0.0%
Manager's basic fee 0.9%
Other management and administration charges 0.04%
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 -4.84% -3.76%
2022 3.55% 1.97%
2021 33.87% 36.88%
2020 -6.10% -6.93%
2019 10.35% 6.57%
2018 6.95% 11.22%
2017 10.40% 12.51%
2016 4.51% 3.73%

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

  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    3.02%
  • Microsoft Corporation
    United States International Equities
    2.99%
  • Infratil Limited
    New Zealand Australasian Equities
    2.78%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    2.69%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    2.44%
  • Contact Energy Limited
    New Zealand Australasian Equities
    2.13%
  • Apple Inc
    United States International Equities
    1.63%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.46%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.37%
  • Ebos Group Limited
    New Zealand Australasian Equities
    1.36%
Type Target Actual
Cash and Cash Equivalents 0.0% 1.12%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 26.0% 28.01%
International Equities 74.0% 70.87%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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.