Funds

This is a Mindful fund Mercer Flexisaver Cash Fund

Fund type: Defensive fund

Past Returns: 3.29%
Average returns over the latest 3 years of data reported, after fees and taxes.
Annual Fees: 0.46%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

Companies of Concern

This fund has no investments in issues of concern.

From the Fund Provider

  • About this fund

    About this Fund

    Fund type: Defensive fund

    Past Returns: 3.29%
    Average returns over the latest 3 years of data reported, after fees and taxes.
    Annual Fees: 0.46%
    Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

    In their own words

    Invests entirely in cash and short term interest bearing investments. Designed for investors who want no exposure to growth assets or where the funds may be required in the shorter term.

    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 $4.01M NZD
    Period of data report 30th June 2025
    Fund started 9th Oct. 2015
    Total annual fund fees 0.46%
    Total performance based fees 0.0%
    Manager's basic fee 0.28%
    Other management and administration charges 0.18%
    Total other charges 0.0
    Total other charges currency NZD

    Key Personnel

    Ross Butler

    Currently: Chair - Mercer (N.Z.) Ltd (2 years, 2 months)
    Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

    Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 8 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 (3 years, 1 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, 3 months)
    Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 months)

    James Wilson

    Currently: Portfolio Manager - Mercer (N.Z.) Ltd (6 years, 5 months)
    Previously: Analyst - New Zealand Treasury (1 years, 0 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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 3.87% 3.52%
    2024 3.43% 3.87%
    2023 -0.79% 2.1%
    2022 -2.46% 0.17%
    2021 2.15% 0.04%
    2020 1.75% 0.82%
    2019 2.76% 1.22%
    2018 1.94% 1.09%
    2017 1.52% 1.2%

    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 June 2025.

  • Investments

    Top 10 Investments

    • Transpower New Zealand Limited Promissory Note 26/08/2025

      New Zealand Cash and Equivalents AA

      4.41%

    • Westpac New Zealand Limited Rcd Maturing 12/09/2025

      New Zealand Cash and Equivalents AA-

      4.38%

    • Bank Of New Zealand Rcd Maturing 14/07/2025

      New Zealand Cash and Equivalents AA-

      3.85%

    • Rabobank New Zealand Limited Rcd Matruing 01/05/2026

      New Zealand Cash and Equivalents A

      3.22%

    • Auckland Council Promissory Note 17/07/2025

      New Zealand Cash and Equivalents AA

      3.19%

    • Westpac New Zealand Limited Bond 1.439% 24/02/2026

      New Zealand Cash and Equivalents AA-

      3.06%

    • New Zealand Local Government Funding Agency Treasury Bill 16/07/2025

      New Zealand Cash and Equivalents AAA

      3.03%

    • Toyota Finance New Zealand Limited Promisory Note 29/07/2025

      New Zealand Cash and Equivalents A+

      2.75%

    • ASB Bank Limited Rcd Maturing 30/09/2025

      New Zealand Cash and Equivalents AA-

      2.73%

    • ASB Bank Limited Rcd Maturing 03/10/2025

      New Zealand Cash and Equivalents AA-

      2.73%
    Type Target Actual
    Cash and Cash Equivalents 100.0% 100.0%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 0.0% 0.0%
    International Equities 0.0% 0.0%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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

  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Fossil Fuels
  • 0.0% Weapons
  • 0.0% Environmental Harm

Companies of Concern

This fund has no investments in issues of concern.

About this Fund

Fund type: Defensive fund

Past Returns: 3.29%
Average returns over the latest 3 years of data reported, after fees and taxes.
Annual Fees: 0.46%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

Invests entirely in cash and short term interest bearing investments. Designed for investors who want no exposure to growth assets or where the funds may be required in the shorter term.

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 $4.01M NZD
Period of data report 30th June 2025
Fund started 9th Oct. 2015
Total annual fund fees 0.46%
Total performance based fees 0.0%
Manager's basic fee 0.28%
Other management and administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (2 years, 2 months)
Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 8 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 (3 years, 1 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, 3 months)
Previously: Vice President - Account Management PIMCO Australia Pty Limited (7 years, 0 months)

James Wilson

Currently: Portfolio Manager - Mercer (N.Z.) Ltd (6 years, 5 months)
Previously: Analyst - New Zealand Treasury (1 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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 3.87% 3.52%
2024 3.43% 3.87%
2023 -0.79% 2.1%
2022 -2.46% 0.17%
2021 2.15% 0.04%
2020 1.75% 0.82%
2019 2.76% 1.22%
2018 1.94% 1.09%
2017 1.52% 1.2%

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 June 2025.

Top 10 Investments

  • Transpower New Zealand Limited Promissory Note 26/08/2025

    New Zealand Cash and Equivalents AA

    4.41%

  • Westpac New Zealand Limited Rcd Maturing 12/09/2025

    New Zealand Cash and Equivalents AA-

    4.38%

  • Bank Of New Zealand Rcd Maturing 14/07/2025

    New Zealand Cash and Equivalents AA-

    3.85%

  • Rabobank New Zealand Limited Rcd Matruing 01/05/2026

    New Zealand Cash and Equivalents A

    3.22%

  • Auckland Council Promissory Note 17/07/2025

    New Zealand Cash and Equivalents AA

    3.19%

  • Westpac New Zealand Limited Bond 1.439% 24/02/2026

    New Zealand Cash and Equivalents AA-

    3.06%

  • New Zealand Local Government Funding Agency Treasury Bill 16/07/2025

    New Zealand Cash and Equivalents AAA

    3.03%

  • Toyota Finance New Zealand Limited Promisory Note 29/07/2025

    New Zealand Cash and Equivalents A+

    2.75%

  • ASB Bank Limited Rcd Maturing 30/09/2025

    New Zealand Cash and Equivalents AA-

    2.73%

  • ASB Bank Limited Rcd Maturing 03/10/2025

    New Zealand Cash and Equivalents AA-

    2.73%
Type Target Actual
Cash and Cash Equivalents 100.0% 100.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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.