Funds

This is a Mindful fund Mercer Sustainable Balanced Fund

Total Ethical Concerns: 7.37%

The average total concerns of all managed balanced funds is 8.32%.

Companies of Concern

  • Animal Cruelty 1.76%

    • Air Liquide
      0.34%
      0.34%
    • Ecolab, Inc.
      0.32%
      0.32%
    • 0.17%
    • Unilever PLC
      0.12%
      0.12%
    • Symrise AG
      0.07%
      0.07%
    • Colgate-Palmolive Co.
      0.05%
      0.05%
    • Koninklijke Ahold Delhaize Nv
      0.05%
      0.05%
    • Givaudan Finance Europe Bv
      0.04%
      0.04%
    • Hermès International Sca
      0.04%
      0.04%
    • Nomad Foods Ltd
      0.04%
      0.04%
    • Orbia Advance Corp. Sab De Cv
      0.04%
      0.04%
    • The Sherwin-Williams Co.
      0.04%
      0.04%
    • 3M
      0.03%
      0.03%
    • Church & Dwight Co., Inc.
      0.03%
      0.03%
    • Kimberly-Clark Corp.
      0.03%
      0.03%
    • L'Oréal SA
      0.03%
      0.03%
    • Argentum Netherlands Bv
      0.02%
      0.02%
    • Dupont De Nemours
      0.02%
      0.02%
    • Eastman Chemical Co.
      0.02%
      0.02%
    • FMC Corp.
      0.02%
      0.02%
    • Henkel AG & Co. Kgaa
      0.02%
      0.02%
    • Yara International Asa
      0.02%
      0.02%
    • International Flavors & Fragrances, Inc.
      0.01%
      0.01%
    • Nutrien Ltd.
      0.01%
      0.01%
    • Rpm International, Inc.
      0.01%
      0.01%
    • Shin-Etsu Chemical Co., Ltd.
      0.01%
      0.01%
  • Human Rights Violations 1.56%

    • 0.52%
    • 0.17%
    • Nestlé
      0.10%
      0.10%
    • UBS
      0.10%
      0.10%
    • Wells Fargo
      0.08%
      0.08%
    • 0.07%
    • Caterpillar
      0.06%
      0.06%
    • General Motors
      0.04%
      0.04%
    • Holcim
      0.03%
      0.03%
    • Rio Tinto
      0.01%
      0.01%
  • Social Harm 0.03%

  • Fossil Fuels 3.58%

    • Contact Energy Ltd.
      0.84%
      1.5°C
      This company is on a 1.5°C pathway
      0.84%
    • Nextera Energy, Inc.
      0.26%
      0.26%
    • National Grid PLC
      0.17%
      !!
      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
      0.17%
    • Channel Infrastructure
      0.12%
      0.12%
    • American Electric Power Co., Inc.
      0.11%
      0.11%
    • Consolidated Edison, Inc.
      0.09%
      0.09%
    • Duke Energy Corp
      0.09%
      0.09%
    • Xcel Energy, Inc.
      0.08%
      0.08%
    • Cheniere Energy, Inc.
      0.07%
      !!
      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
      0.07%
    • Dominion Energy, Inc.
      0.07%
      0.07%
    • The Williams Cos., Inc.
      0.07%
      !!
      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
      0.07%
    • Edp-Energias De Portugal SA
      0.06%
      1.5°C
      This company is on a 1.5°C pathway
      0.06%
    • Kinder Morgan, Inc.
      0.06%
      !!
      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
      0.06%
    • Oneok, Inc.
      0.06%
      0.06%
    • Pg&E Corp
      0.06%
      0.06%
    • Atmos Energy Corp.
      0.05%
      0.05%
    • Enel
      0.05%
      1.5°C
      This company is on a 1.5°C pathway
      0.05%
    • Korea Electric Power Corporation (Kepco)
      0.05%
      0.05%
    • Pembina Pipeline Corp.
      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
      0.05%
    • Targa Resources Corp.
      0.05%
      0.05%
    • 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
      0.04%
    • Engie SA
      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
      0.04%
    • Fairfax Financial Holdings Ltd.
      0.04%
      0.04%
    • Keyera Corp.
      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
      0.04%
    • National Grid North America, 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
      0.04%
    • Pinnacle West Capital Corp.
      0.04%
      0.04%
    • Portland General Electric Co.
      0.04%
      0.04%
    • Sempra Energy
      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
      0.04%
    • The Southern Co.
      0.04%
      0.04%
    • Électricité De France SA
      0.04%
      0.04%
    • Eneos Holdings, Inc.
      0.03%
      0.03%
    • Hd Hyundai Co., Ltd.
      0.03%
      0.03%
    • Rwe AG
      0.03%
      0.03%
    • Snam Spa
      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
      0.03%
    • Vistra Energy
      0.03%
      0.03%
    • Constellation Energy Corp.
      0.02%
      0.02%
    • E.On Se
      0.02%
      0.02%
    • Endesa SA
      0.02%
      1.5°C
      This company is on a 1.5°C pathway
      0.02%
    • Enterprise Products Partners Lp
      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
      0.02%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.02%
      0.02%
    • 0.02%
    • Hess Midstream Lp
      0.02%
      0.02%
    • Marathon Petroleum Corp.
      0.02%
      0.02%
    • Nisource, Inc.
      0.02%
      0.02%
    • Phillips 66
      0.02%
      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
      0.02%
    • Vier Gas Transport Gmbh
      0.02%
      0.02%
    • Western Midstream Partners Lp
      0.02%
      0.02%
    • Algonquin Power & Utilities Corp.
      0.01%
      0.01%
    • Altagas Ltd.
      0.01%
      0.01%
    • BHP
      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
      0.01%
    • Berkshire Hathaway Energy Co.
      0.01%
      0.01%
    • Delta Air Lines, Inc.
      0.01%
      0.01%
    • Enbw International Finance Bv
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Nrg Energy, Inc.
      0.01%
      0.01%
    • Rio Tinto
      0.01%
      0.01%
    • Royal Vopak Nv
      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
      0.01%
    • Southern Power Co.
      0.01%
      0.01%
    • Valero Energy Corp.
      0.01%
      0.01%
  • Weapons 0.19%

    • Amphenol Corp.
      0.09%
      0.09%
    • Howmet Aerospace, Inc.
      0.08%
      0.08%
  • Environmental Harm 0.65%

    • Unilever PLC
      0.12%
      0.12%
    • Coca-Cola
      0.11%
      0.11%
    • Duke Energy Corp
      0.09%
      0.09%
    • PepsiCo
      0.08%
      0.08%
    • Pg&E Corp
      0.06%
      0.06%
    • 3M
      0.03%
      0.03%
    • Mondelez
      0.03%
      0.03%
    • Danone
      0.02%
      0.02%
    • FMC Corp.
      0.02%
      0.02%
    • BHP
      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
      0.01%
    • 0.01%
    • Nutrien Ltd.
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    The fund is a diversified portfolio with a slightly higher allocation to a mix of growth assets (e.G., shares and listed property) relative to a mix of income assets (e.G., cash and fixed interest). The fund is managed with reference to environmental, social and governance factors and has exposure to investment strategies targeting sustainability themes. This fund has additional exclusions applied as described in our Sustainable Investment Policy and has been certified by the Responsible Investment Association of Australasia (RIAA). The fund aims to achieve a rate of return (after fees) that exceeds CPI increases by at least 2.5% per annum after tax and 3.5% before tax over a minimum of eight years, and to outperform, over periods of one year or greater, the weighted average return of the market indices used to measure performance of the underlying funds/assets in which the fund invests.

    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 $32.2M NZD
    Period of data report 31st March 2025
    Fund started 11th Aug. 2009
    Total annual fund fees 1.3%
    Total performance based fees 0.0%
    Manager's basic fee 1.05%
    Other management and administration charges 0.25%
    Total other charges 0.0
    Total other charges currency NZD

    Ross Butler

    Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
    Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

    Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (16 years, 1 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

    Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 5 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 (2 years, 10 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 (11 years, 0 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 31st March 2025.

  • Past Returns

    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
    2025 4.02% 2.75%
    2024 9.97% 10.65%
    2023 -2.59% -4.22%
    2022 1.06% 2.77%
    2021 18.16% 22.8%
    2020 -1.83% -5.31%
    2019 4.49% 5.68%
    2018 4.41% 5.53%
    2017 5.71% 5.66%
    2016 3.06% -0.12%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • Fisher & Paykel Healthcare Corporation Limited

      New Zealand Australasian Equities

      1.9%
    • Apple Inc.

      United States International Equities

      1.62%
    • Nvidia Corporation

      United States International Equities

      1.55%
    • Microsoft Corporation

      United States International Equities

      1.41%
    • First Sentier Global Listed Infrastructure Fund

      New Zealand Other

      1.28%
    • Auckland International Airport Limited

      New Zealand Australasian Equities

      1.23%
    • Infratil Limited

      New Zealand Australasian Equities

      1.15%
    • Housing New Zealand Limited Bond 3.36% 12/06/2025

      New Zealand NZ Fixed Interest AAA

      0.91%
    • New Zealand Government Bond 3.50% Maturing 14/04/33

      New Zealand NZ Fixed Interest AAA

      0.87%
    • New Zealand Government Bond 4.50% Maturing 15/05/2035

      New Zealand NZ Fixed Interest AAA

      0.86%
    Type Target Actual
    Cash and Cash Equivalents 4.0% 4.8%
    New Zealand Fixed Interest 10.0% 11.78%
    International Fixed Interest 26.0% 26.85%
    Australasian Equities 13.0% 12.8%
    International Equities 39.0% 36.07%
    Listed Properties 0.0% 0.38%
    Unlisted Properties 3.0% 2.67%
    Other 5.0% 4.65%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 1.76% Animal Cruelty
  • 1.56% Human Rights Violations
  • 0.03% Social Harm
  • 3.58% Fossil Fuels
  • 0.19% Weapons
  • 0.65% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Air Liquide
      0.34%
      0.34%
    • Ecolab, Inc.
      0.32%
      0.32%
    • 0.17%
    • Unilever PLC
      0.12%
      0.12%
    • Symrise AG
      0.07%
      0.07%
    • Colgate-Palmolive Co.
      0.05%
      0.05%
    • Koninklijke Ahold Delhaize Nv
      0.05%
      0.05%
    • Givaudan Finance Europe Bv
      0.04%
      0.04%
    • Hermès International Sca
      0.04%
      0.04%
    • Nomad Foods Ltd
      0.04%
      0.04%
    • Orbia Advance Corp. Sab De Cv
      0.04%
      0.04%
    • The Sherwin-Williams Co.
      0.04%
      0.04%
    • 3M
      0.03%
      0.03%
    • Church & Dwight Co., Inc.
      0.03%
      0.03%
    • Kimberly-Clark Corp.
      0.03%
      0.03%
    • L'Oréal SA
      0.03%
      0.03%
    • Argentum Netherlands Bv
      0.02%
      0.02%
    • Dupont De Nemours
      0.02%
      0.02%
    • Eastman Chemical Co.
      0.02%
      0.02%
    • FMC Corp.
      0.02%
      0.02%
    • Henkel AG & Co. Kgaa
      0.02%
      0.02%
    • Yara International Asa
      0.02%
      0.02%
    • International Flavors & Fragrances, Inc.
      0.01%
      0.01%
    • Nutrien Ltd.
      0.01%
      0.01%
    • Rpm International, Inc.
      0.01%
      0.01%
    • Shin-Etsu Chemical Co., Ltd.
      0.01%
      0.01%
  • Human Rights Violations

    • 0.52%
    • 0.17%
    • Nestlé
      0.10%
      0.10%
    • UBS
      0.10%
      0.10%
    • Wells Fargo
      0.08%
      0.08%
    • 0.07%
    • Caterpillar
      0.06%
      0.06%
    • General Motors
      0.04%
      0.04%
    • Holcim
      0.03%
      0.03%
    • Rio Tinto
      0.01%
      0.01%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.84%
      1.5°C
      This company is on a 1.5°C pathway
      0.84%
    • Nextera Energy, Inc.
      0.26%
      0.26%
    • National Grid PLC
      0.17%
      !!
      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
      0.17%
    • Channel Infrastructure
      0.12%
      0.12%
    • American Electric Power Co., Inc.
      0.11%
      0.11%
    • Consolidated Edison, Inc.
      0.09%
      0.09%
    • Duke Energy Corp
      0.09%
      0.09%
    • Xcel Energy, Inc.
      0.08%
      0.08%
    • Cheniere Energy, Inc.
      0.07%
      !!
      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
      0.07%
    • Dominion Energy, Inc.
      0.07%
      0.07%
    • The Williams Cos., Inc.
      0.07%
      !!
      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
      0.07%
    • Edp-Energias De Portugal SA
      0.06%
      1.5°C
      This company is on a 1.5°C pathway
      0.06%
    • Kinder Morgan, Inc.
      0.06%
      !!
      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
      0.06%
    • Oneok, Inc.
      0.06%
      0.06%
    • Pg&E Corp
      0.06%
      0.06%
    • Atmos Energy Corp.
      0.05%
      0.05%
    • Enel
      0.05%
      1.5°C
      This company is on a 1.5°C pathway
      0.05%
    • Korea Electric Power Corporation (Kepco)
      0.05%
      0.05%
    • Pembina Pipeline Corp.
      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
      0.05%
    • Targa Resources Corp.
      0.05%
      0.05%
    • 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
      0.04%
    • Engie SA
      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
      0.04%
    • Fairfax Financial Holdings Ltd.
      0.04%
      0.04%
    • Keyera Corp.
      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
      0.04%
    • National Grid North America, 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
      0.04%
    • Pinnacle West Capital Corp.
      0.04%
      0.04%
    • Portland General Electric Co.
      0.04%
      0.04%
    • Sempra Energy
      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
      0.04%
    • The Southern Co.
      0.04%
      0.04%
    • Électricité De France SA
      0.04%
      0.04%
    • Eneos Holdings, Inc.
      0.03%
      0.03%
    • Hd Hyundai Co., Ltd.
      0.03%
      0.03%
    • Rwe AG
      0.03%
      0.03%
    • Snam Spa
      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
      0.03%
    • Vistra Energy
      0.03%
      0.03%
    • Constellation Energy Corp.
      0.02%
      0.02%
    • E.On Se
      0.02%
      0.02%
    • Endesa SA
      0.02%
      1.5°C
      This company is on a 1.5°C pathway
      0.02%
    • Enterprise Products Partners Lp
      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
      0.02%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.02%
      0.02%
    • 0.02%
    • Hess Midstream Lp
      0.02%
      0.02%
    • Marathon Petroleum Corp.
      0.02%
      0.02%
    • Nisource, Inc.
      0.02%
      0.02%
    • Phillips 66
      0.02%
      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
      0.02%
    • Vier Gas Transport Gmbh
      0.02%
      0.02%
    • Western Midstream Partners Lp
      0.02%
      0.02%
    • Algonquin Power & Utilities Corp.
      0.01%
      0.01%
    • Altagas Ltd.
      0.01%
      0.01%
    • BHP
      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
      0.01%
    • Berkshire Hathaway Energy Co.
      0.01%
      0.01%
    • Delta Air Lines, Inc.
      0.01%
      0.01%
    • Enbw International Finance Bv
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Nrg Energy, Inc.
      0.01%
      0.01%
    • Rio Tinto
      0.01%
      0.01%
    • Royal Vopak Nv
      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
      0.01%
    • Southern Power Co.
      0.01%
      0.01%
    • Valero Energy Corp.
      0.01%
      0.01%
  • Weapons

    • Amphenol Corp.
      0.09%
      0.09%
    • Howmet Aerospace, Inc.
      0.08%
      0.08%
  • Environmental Harm

    • Unilever PLC
      0.12%
      0.12%
    • Coca-Cola
      0.11%
      0.11%
    • Duke Energy Corp
      0.09%
      0.09%
    • PepsiCo
      0.08%
      0.08%
    • Pg&E Corp
      0.06%
      0.06%
    • 3M
      0.03%
      0.03%
    • Mondelez
      0.03%
      0.03%
    • Danone
      0.02%
      0.02%
    • FMC Corp.
      0.02%
      0.02%
    • BHP
      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
      0.01%
    • 0.01%
    • Nutrien Ltd.
      0.01%
      0.01%

About this Fund

The fund is a diversified portfolio with a slightly higher allocation to a mix of growth assets (e.G., shares and listed property) relative to a mix of income assets (e.G., cash and fixed interest). The fund is managed with reference to environmental, social and governance factors and has exposure to investment strategies targeting sustainability themes. This fund has additional exclusions applied as described in our Sustainable Investment Policy and has been certified by the Responsible Investment Association of Australasia (RIAA). The fund aims to achieve a rate of return (after fees) that exceeds CPI increases by at least 2.5% per annum after tax and 3.5% before tax over a minimum of eight years, and to outperform, over periods of one year or greater, the weighted average return of the market indices used to measure performance of the underlying funds/assets in which the fund invests.

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 $32.2M NZD
Period of data report 31st March 2025
Fund started 11th Aug. 2009
Total annual fund fees 1.3%
Total performance based fees 0.0%
Manager's basic fee 1.05%
Other management and administration charges 0.25%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (16 years, 1 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 5 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 (2 years, 10 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 (11 years, 0 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 31st March 2025.

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
2025 4.02% 2.75%
2024 9.97% 10.65%
2023 -2.59% -4.22%
2022 1.06% 2.77%
2021 18.16% 22.8%
2020 -1.83% -5.31%
2019 4.49% 5.68%
2018 4.41% 5.53%
2017 5.71% 5.66%
2016 3.06% -0.12%

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 31st March 2025.

Top 10 Investments

  • Fisher & Paykel Healthcare Corporation Limited

    New Zealand Australasian Equities

    1.9%
  • Apple Inc.

    United States International Equities

    1.62%
  • Nvidia Corporation

    United States International Equities

    1.55%
  • Microsoft Corporation

    United States International Equities

    1.41%
  • First Sentier Global Listed Infrastructure Fund

    New Zealand Other

    1.28%
  • Auckland International Airport Limited

    New Zealand Australasian Equities

    1.23%
  • Infratil Limited

    New Zealand Australasian Equities

    1.15%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025

    New Zealand NZ Fixed Interest AAA

    0.91%
  • New Zealand Government Bond 3.50% Maturing 14/04/33

    New Zealand NZ Fixed Interest AAA

    0.87%
  • New Zealand Government Bond 4.50% Maturing 15/05/2035

    New Zealand NZ Fixed Interest AAA

    0.86%
Type Target Actual
Cash and Cash Equivalents 4.0% 4.8%
New Zealand Fixed Interest 10.0% 11.78%
International Fixed Interest 26.0% 26.85%
Australasian Equities 13.0% 12.8%
International Equities 39.0% 36.07%
Listed Properties 0.0% 0.38%
Unlisted Properties 3.0% 2.67%
Other 5.0% 4.65%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.