Funds
Mercer Sustainable Plus Shares Fund
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Limited 1.55%
- Nextera Energy Inc 0.31%
- Iberdrola SA 0.30%
- Valero Energy Corp 0.11%
- Enbridge Inc 0.09%
- Cheniere Energy Inc 0.07%
- Neste Oyj 0.07%
- Williams Companies Inc 0.07%
- Tc Energy Corp 0.05%
- BHP Group Limited Ordinary Fully Paid 0.04%
- Oneok Inc 0.04%
- Parkland Corp 0.04%
- Pembina Pipeline 0.04%
- Phillips 66 Com Usd0.01 0.04%
- Keyera Corp Com 0.03%
- Southern Co Com USD 0.03%
- American Electric Power Company Inc 0.02%
- Centrica PLC 0.02%
- Ck Asset Holdings Hk 0.02%
- Dominion Energy Inc 0.02%
- Duke Energy Corp Com USD 0.001 Post Rev Splt 0.02%
- Glencore PLC 0.02%
- Nippon Yusen Kk Npv Temp 0.02%
- Power Assets Holdings Limited 0.02%
- Sempra Energy USD 0.02%
- Anglo American PLC 0.01%
- Consolidated Edison Inc Com Usd0.10 0.01%
- Enel Spa 0.01%
- Itochu Corp Jpy 0.01%
- Mitsubishi Corp Y50 0.01%
- Sk Innovation 0.01%
- Wec Energy Group Inc 0.01%
- Xcel Energy Inc 0.01%
Weapons
- Rheinmetall AG 0.02%
- Amphenol Corp Cl A 0.01%
Tobacco
- Alimentation Couche Tard Inc 0.02%
GMOs
- Corteva Inc 0.01%
Human Rights & Environmental Violations
- Johnson & Johnson Com US$1 0.62%
- Thermo Fisher Scientific Inc 0.57%
- Nestle SA 0.23%
- Wells Fargo & Company 0.13%
- Motorola Solutions Inc 0.10%
- Nutrien Ltd Com Npv 0.06%
- Fmc Corp 0.05%
- BHP Group Limited Ordinary Fully Paid 0.04%
- Bank Leumi Le-Israel 0.04%
- Rio Tinto PLC Ord 10P Gbp 0.04%
- Caterpillar Inc 0.03%
- Activision Blizzard Inc 0.02%
- Archer Daniels Midland Co Com Stk Npv 0.02%
- Bayer AG 0.02%
- Duke Energy Corp Com USD 0.001 Post Rev Splt 0.02%
- Glencore PLC 0.02%
- Rio Tinto Limited 0.02%
- Barrick Gold Corp 0.01%
- Basf Se 0.01%
- Corteva Inc 0.01%
- Freeport Mcmoran Inc 0.01%
- Tokyo Electric Power Company Holdings Incorporated 0.01%
- Uber Technologies Inc 0.01%
Animal Cruelty
- Pepsico Inc Cap US$0.01 2/3 0.86%
- Estee Lauder Companies 0.45%
- Koninklijke Dsm Nv 0.38%
- Procter & Gamble Company 0.32%
- Air Liquide 0.30%
- L'Oreal 0.30%
- Symrise AG 0.26%
- Colgate Palmolive Usd1 0.24%
- Nestle SA 0.23%
- Coca Cola Co USD 0.22%
- Unilever PLC 0.21%
- Darling Ingredients Inc 0.15%
- Kerry Group PLC 0.14%
- Nomad Foods Ltd 0.10%
- 3M Co 0.09%
- Kimberly Clark Corp Com Usd1.25 0.09%
- Church & Dwight Co 0.07%
- General Mills Inc 0.07%
- Koninklijke Ahold Delhaize Nv 0.07%
- Canon Inc 0.06%
- Nutrien Ltd Com Npv 0.06%
- Fmc Corp 0.05%
- Kellogg Company 0.05%
- Albermarle Corp 0.04%
- Kerry Group PLC-A 0.04%
- Ajinomoto Co Inc Jpy 0.03%
- Beiersdorf AG 0.03%
- Henkel AG & Co Kgaa Non Vtg Pref 0.03%
- Mondelez International Inc 0.03%
- Archer Daniels Midland Co Com Stk Npv 0.02%
- Bayer AG 0.02%
- Compagnie Financiere Richemont SA 0.02%
- Henkel AG & Co Kgaa 0.02%
- Johnson Matthey PLC 0.02%
- Livent Corporation Com Usd0.001 0.02%
- Mowi Asa 0.02%
- Sherwin Williams Com Usd1 0.02%
- Umicore Npv 0.02%
- Basf Se 0.01%
- Corteva Inc 0.01%
- Daikin Industries 0.01%
- Danone 0.01%
- Dow Inc 0.01%
- Hermes International 0.01%
- Kao Corporation Jpy50 0.01%
- Kering 0.01%
- Mitsubishi Corp Y50 0.01%
- Orkla Asa 0.01%
- Sk Innovation 0.01%
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. 2022 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
In their own words
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 | $46M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 2,263 |
| 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 | 26.93 |
| Total other charges currency | NZD |
Key Personnel
|
Kristen Kohere-Soutar |
Currently: Chair - Mercer (N.Z.) Ltd (3 years, 1 months) |
|
Martin Lewington |
Currently: CEO - Mercer (N.Z.) Ltd (13 years, 10 months) |
|
Kylie Willment |
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (5 years, 2 months) |
|
Padraig Brown |
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (0 years, 7 months) |
|
Robert Kavanagh |
Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (8 years, 9 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.00% | |
| Animal Cruelty | 5.46% | |
| Fossil Fuels | 3.33% | |
| Gambling | 0.01% | |
| GMOs | 0.01% | |
| Human Rights & Environmental Violations | 2.13% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.02% | |
| Weapons | 0.07% |
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. 2022 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 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.
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 |
|---|---|---|
| 2022 | 3.94% | 1.97% |
| 2021 | 36.11% | 36.88% |
| 2020 | -6.34% | -6.93% |
| 2019 | 9.78% | 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 31st Dec. 2022.
Top 10 Investments
-
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities2.81% -
Spark New Zealand Limited
New Zealand Australasian Equities2.58% -
Microsoft Corporation
United States International Equities2.53% -
Auckland International Airport Limited
New Zealand Australasian Equities2.03% -
Infratil Limited
New Zealand Australasian Equities2.01% -
Contact Energy Limited
New Zealand Australasian Equities1.71% -
Ebos Group Limited
New Zealand Australasian Equities1.53% -
Mainfreight Limited
New Zealand Australasian Equities1.48% -
Apple Inc
United States International Equities1.4% -
The A2 Milk Company Limited
New Zealand Australasian Equities1.28%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 1.21% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 26.0% | 26.09% |
| International Equities | 74.0% | 72.7% |
| 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.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.