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

    • Meta Platforms Inc-Class A 0.50%
    • Johnson & Johnson 0.36%
    • Nestle SA-Reg 0.29%
    • Wells Fargo & Co 0.19%
    • Thermo Fisher Scientific Inc 0.09%
    • Wells Fargo & Company 0.02%
    • 3M Co 0.03%
    • Procter & Gamble Co/The 0.37%
    • Unilever PLC 0.23%
    • Colgate-Palmolive Co 0.18%
    • Kimberly-Clark Corp 0.17%
    • L'Oreal 0.15%
    • Clorox Company 0.10%
    • Shin-Etsu Chemical Co Ltd 0.10%
    • Church & Dwight Co Inc 0.08%
    • Hermes International 0.07%
    • Air Liquide SA 0.06%
    • Moncler Spa 0.05%
    • Unicharm Corp 0.04%
    • 3M Co 0.03%
    • Livent Corp 0.03%
    • Albemarle Corp 0.02%
    • Solvay SA 0.02%
    • Mitsubishi Gas Chemical Co 0.01%
    • Contact Energy Ltd 1.49% 1.5°C
      This company is on a 1.5°C pathway
    • Valero Energy Corp 0.09%
    • Marathon Petroleum Corp 0.06%
    • Centrica PLC 0.05%
    • Compagnie De Saint Gobain 0.05%
    • Fairfax Financial Hldgs Ltd 0.05%
    • Kobe Steel Ltd 0.04%
    • Verbund AG 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Nippon Yusen Kk 0.03%
    • 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
    • Qatar Energy 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
    • Cie De Saint-Gobain 0.01%
    • Kghm Polska Miedz SA 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. 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

Provides exposure to a diversified fund that invests across asset types, with a slightyly lower mix of income assets (e.G. Bonds) and slightly higher mix of growth assets (e.G. Shares). The underlying fund is managed to specific 'responsible investment' criteria which prohibit investments in certain companies or activities, and encourages investment in companies with strong environmental, social and governance characteristics

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 $1.07M NZD
Period of data report 30th Sept. 2023
Members 93
Fund started 5th Oct. 2020
Total annual fund fees 1.35%
Total performance based fees 0.0%
Manager's basic fee 1.07%
Other management and administration charges 0.28%
Total other charges 0.0
Total other charges currency NZD

Mike Heath

Currently: Investment Committee Member (3 years, 6 months)
Previously: General Manager, InvestNow (5 years, 6 months)

Anthony Edmonds

Currently: Investment Committee Member (3 years, 6 months)
Previously: Director, FundRock NZ and InvestNow (12 years, 10 months)

Anthony Sowerby

Currently: Investment Committee Member (3 years, 6 months)
Previously: Head of Investment Manager Oversight, FundRock NZ (2 years, 0 months)

Jason Choy

Currently: Investment Committee Member (1 years, 2 months)
Previously: Senior Portfolio Manager, FundRock NZ and InvestNow (1 years, 4 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% -5.0%
2022 2.25% 2.77%

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

  • Mercer Ethical Leaders Balanced Fund
    New Zealand Fund
    100.0%
Type Target Actual
Cash and Cash Equivalents 10.0% 9.95%
New Zealand Fixed Interest 12.5% 13.53%
International Fixed Interest 12.5% 12.18%
Australasian Equities 20.0% 21.16%
International Equities 35.0% 33.95%
Listed Properties 10.0% 9.23%
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.