Mercer Sustainable Plus Shares Fund

Mindful Fund

Fund type: Aggressive fund

Past Returns: 12.17%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 0.93%

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

Altagas Income Ltd 0.01%
Cheniere Energy Inc 0.03%
Coca Cola Co USD 0.18%
Enbridge Inc 0.04%
Glencore PLC 0.01%
Itochu Corp Jpy 0.01%
Keyera Corp Com 0.02%
Koninklijke Vopak Nv 0.03%
Marathon Petrol Com 0.03%
Mitsubishi Corp Y50 0.01%
Neste Oyj 0.02%
Oneok Inc 0.03%
Parkland Corp 0.02%
Pembina Pipeline 0.03%
Phillips 66 Com Usd0.01 0.03%
Public Service Enterprise Group Inc 0.01%
Sk Innovation 0.02%
Snam Spa 0.02%
Tc Energy Corp 0.03%
Valero Energy Corp 0.04%
Williams Companies Inc 0.03%

Weapons

Tobacco

GMOs

Human Rights & Environmental Violations

Bayer AG 0.01%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.02%
Freeport Mcmoran Inc 0.01%
Glencore PLC 0.01%
Johnson & Johnson Com US$1 0.29%
Johnson + Johnson Common Stock Usd1.0 0.30%
Motorola Solutions Inc Common Stock USD.01 0.07%
Nestle SA 0.23%
Rio Tinto Limited 0.02%
Rio Tinto PLC Ord 10P Gbp 0.03%

Animal Testing

Air Liquide 0.06%
Air Liquide SA Common Stock Eur5.5 0.13%
Archer Daniels Midland Co Com Stk Npv 0.01%
Basf Se 0.02%
Bayer AG 0.01%
Beiersdorf AG Common Stock 0.02%
Church & Dwight Co 0.05%
Clorox Co Del 0.06%
Coca Cola Co USD 0.18%
Covestro AG 0.02%
Croda International PLC Common Stock Gbp.1060976 0.24%
Danone 0.02%
Dow Inc 0.01%
Dupont De Nemours Inc 0.01%
Ecolab Inc Common Stock Usd1.0 0.88%
Ecolab Ltd 0.03%
Estee Lauder Companies 0.06%
Estee Lauder Companies Cl A Common Stock USD.01 0.46%
Fmc Corp 0.01%
Fuji Film Holdings Corp 0.01%
Fujifilm Holdings Corp Common Stock 0.05%
General Mills Inc 0.03%
Givaudan - Reg 0.01%
Givaudan Reg Common Stock Chf10.0 0.08%
Glaxosmithkline PLC 0.09%
Henkel AG & Co Kgaa Non Vtg Pref 0.03%
Henkel AG + Co Kgaa Common Stock 0.01%
Henkel AG + Co Kgaa Vor Pref Preference 0.03%
Hermes International 0.02%
Hp Inc Common Stock USD.01 0.06%
Johnson & Johnson Com US$1 0.29%
Johnson + Johnson Common Stock Usd1.0 0.30%
Johnson Matthey PLC Common Stock Gbp1.109245 0.01%
Kerry Group PLC A Common Stock EUR.125 0.18%
Keurig Dr Pepper Inc 0.01%
Kimberly Clark Corp Com Usd1.25 0.07%
Koninklijke Dsm Nv 0.03%
Koninklijke Dsm Nv Common Stock Eur1.5 0.39%
L Oreal Common Stock EUR.2 0.19%
L'Oreal 0.06%
Linde PLC 0.04%
Linde PLC Common Stock EUR.001 0.26%
Mondelez International Inc 0.02%
Nestle SA 0.23%
Nutrien Ltd Com Npv 0.02%
Pepsico Inc Cap US$0.01 2/3 0.14%
Procter & Gamble Company 0.23%
Procter + Gamble Co/The Common Stock 0.14%
Reckitt Benckiser Group PLC 0.08%
Rpm International Inc 0.01%
Sainsbury (J) PLC Common Stock Gbp.285714 0.01%
Sherwin Williams Com Usd1 0.06%
Shin-Etsu Chem Co Y50 0.02%
Sk Innovation 0.02%
Sumitomo Chemical Jpy50 0.02%
Symrise AG Common Stock 0.28%
Umicore Npv 0.01%
Unilever PLC 0.12%
Unilever PLC Common Stock Gbp.0311 0.08%
Wacker Chemie AG 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 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%	36.88%
2020	-6.18%	-6.93%
2019	9.46%	6.57%
2018	6.55%	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 Thu Sept. 30th 2021.

Showing the top 10 investments for this fund:

Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities

3.42%
Spark New Zealand Limited
New Zealand Australasian Equities

1.74%
Mainfreight Limited
New Zealand Australasian Equities

1.72%
Microsoft Corporation
United States International Equities

1.49%
Auckland International Airport Limited
New Zealand Australasian Equities

1.48%
Contact Energy Limited
New Zealand Australasian Equities

1.47%
Infratil Limited
New Zealand Australasian Equities

1.42%
Fletcher Building Limited
New Zealand Australasian Equities

1.34%
Apple Inc
United States International Equities

1.15%
Ebos Group Limited
New Zealand Australasian Equities

1.1%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu Sept. 30th 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	0.0%	0.53%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	0.0%	0.0%
Australasian Equities	26.0%	25.23%
International Equities	74.0%	74.24%
Listed Properties	0.0%	0.0%
Unlisted Properties	0.0%	0.0%
Other	0.0%	0.0%
Commodities	0.0%	0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Sept. 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 concern

Does this fund say it excludes this?

Actual holdings
Adult Entertainment/Pornography:

0.00%
Alcohol:

0.00%
Animal Testing:

6.31%
Fossil Fuels:

0.76%
Gambling:

0.00%
GMOs:

0.01%
Human Rights & Environmental Violations:

1.04%
Palm Oil:

0.00%
Tobacco:

0.01%
Weapons:

0.05%

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 the share market. May be suitable for investors seeking exposure mostly to shares and who are comfortable with a high level of 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	$48M NZD
Period of data report	Thu Sept. 30th 2021
Members	2,110
Fund started	Wed Feb. 18th 2015
Total annual fund fees	0.93%
Total performance based fees	0.0%
Manager's basic fee	0.9%
Other management and administration charges	0.03%
Total other charges	27.0
Total other charges currency	NZD

Key Personnel

Kristen Kohere-Soutar	Currently: Chair - Mercer (N.Z.) Ltd (1 years, 10 months) Previously: Director - Mercer (N.Z.) Ltd (current) (4 years, 1 months)
Martin Lewington	Currently: CEO - Mercer (N.Z.) Ltd (12 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 (3 years, 11 months) Previously: Senior Manager Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)
Ronan Mccabe	Currently: Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (1 years, 1 months) Previously: Head of Portfolio Management Delegated Solutions Pacific Mercer Australia (Pty) Ltd (current) (2 years, 6 months)
Robert Kavanagh	Currently: Portfolio Manager - Mercer (N.Z.) Ltd (7 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 Thu Sept. 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.