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 0.19%
    • Johnson & Johnson 0.14%
    • Nestle SA-Reg 0.11%
    • Wells Fargo & Co 0.07%
    • Wells Fargo & Company 0.05%
    • Thermo Fisher Scientific Inc 0.04%
    • Thermo Fisher Scientific 0.02%
    • Nestle Finance Intl Ltd 0.01%
    • 3M Co 0.01%
    • Cargill Inc 0.01%
    • Procter & Gamble Co/The 0.14%
    • Unilever PLC 0.09%
    • Kimberly-Clark Corp 0.08%
    • Colgate-Palmolive Co 0.07%
    • L'Oreal 0.06%
    • Clorox Company 0.04%
    • Shin-Etsu Chemical Co Ltd 0.04%
    • Church & Dwight Co Inc 0.03%
    • Hermes International 0.03%
    • Air Liquide SA 0.02%
    • Dupont De Nemours Inc 0.02%
    • Koninklijke Dsm Nv 0.02%
    • Moncler Spa 0.02%
    • Unicharm Corp 0.02%
    • Unilever Finance 0.02%
    • 3M Co 0.01%
    • Contact Energy Ltd 0.35% 1.5°C
      This company is on a 1.5°C pathway
    • Qatar Energy 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
    • Valero Energy Corp 0.03%
    • Centrica PLC 0.02%
    • Cie De Saint-Gobain 0.02%
    • Compagnie De Saint Gobain 0.02%
    • Fairfax Financial Hldgs Ltd 0.02%
    • Kobe Steel Ltd 0.02%
    • Marathon Petroleum Corp 0.02%
    • Verbund AG 0.02% 1.5°C
      This company is on a 1.5°C pathway

This data is compiled by Mindful Money from the fund information and portfolios that each 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

The fund is a diversified portfolio that is primarily invested in a mix of income assets (e.G., cash and fixed income), with a moderate exposure to growth assets (e.G., shares and listed property). The fund takes a sustainable investment approach and is managed to specific ‘sustainable investment’ criteria which prohibit investments in certain companies or activities, and encourage investment in companies with strong environmental, social and governance characteristics. This has additional exclusions applied as described in our Sustainable Investment Policy and has been certified by the Responsible Investment Association of Australasia (RIAA).

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.

The fund aims to provide moderate returns, to protect capital, and to outperform, over the medium term, the weighted average return of the market indices used to measure performance of the underlying funds/assets in which the fund invests.

Value $4.27M NZD
Period of data report 30th Sept. 2023
Fund started 6th June 1995
Total annual fund fees 1.57%
Total performance based fees 0.0%
Manager's basic fee 0.9%
Other management and administration charges 0.67%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (0 years, 5 months)
Previously: Director - Mercer 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 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 -1.56% -3.46%
2022 -0.95% -0.37%
2021 8.70% 7.71%
2020 0.08% -1.08%
2019 4.31% 3.78%
2018 3.39% 2.7%
2017 3.28% 2.44%
2016 2.92% 1.9%
2015 8.63% 6.49%
2014 5.69% 2.46%

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 fund has filed with Disclose register to 30th Sept. 2023.

Top 10 Investments

  • Ishares Mbs ETF
    United States Int Fixed Interest
    3.25%
  • New Zealand Government Bond 3.50% Maturing 14/04/33
    New Zealand NZ Fixed Interest AAA
    1.93%
  • New Zealand Government Bond 3.00% Maturing 20/04/29
    New Zealand NZ Fixed Interest AAA
    1.93%
  • Westpac New Zealand Ltd Rcd 12/01/24
    New Zealand NZ Fixed Interest AA-
    1.81%
  • New Zealand Government Bond 4.50% Maturing 15/04/27
    New Zealand NZ Fixed Interest AAA
    1.56%
  • New Zealand Government Bond 1.50% Maturing 15/05/31
    New Zealand NZ Fixed Interest AAA
    1.36%
  • Mufg Bank Ltd Auckland Branch Frn 05/11/24
    New Zealand NZ Fixed Interest A-
    1.22%
  • New Zealand Government Bond 2.75% Maturing 15/04/25
    New Zealand NZ Fixed Interest AAA
    1.21%
  • Westpac New Zealand Ltd Rcd 22/01/24
    New Zealand NZ Fixed Interest AA-
    1.17%
  • ASB Bank Ltd Rcd 15/01/24
    New Zealand NZ Fixed Interest AA-
    1.14%
Type Target Actual
Cash and Cash Equivalents 25.0% 24.21%
New Zealand Fixed Interest 25.0% 26.61%
International Fixed Interest 25.0% 24.28%
Australasian Equities 5.0% 5.03%
International Equities 13.0% 12.82%
Listed Properties 7.0% 7.05%
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 fund has filed with Disclose register to 30th Sept. 2023.