Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including any membership and % management 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
Xcel Energy Inc 2.6% Due 12-01-2029 0.06%
Rubis Eur1.25 0.05%
BHP Group Plc 0.03%
Nextera Energy Cap Hldgs Inc 2.75% Due 11-01-2029 0.03%
Bp Cap Mkts Amer Fixed 3.017% Due 01-16-2027 0.03%
Apt Pipelines Ltd 4.25% Due 07-15-2027 0.03%
Exxon Mobil Corp 3.043% Due 03-01-2026 0.03%
Statoil Asa 2.65% Due 01-15-2024 0.03%
Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.02%
Snam Spa 0.02%
Oneok Partners L P 3.375% Due 10-01-2022 0.02%
Kinder Morgan Inc 1.5% Due 03-16-2022 0.02%
Clp Holdings Limited Hkd 0.02%
Total Sa 0.02%
Engie Aug5 0.02%
Korea Gas Corp 3.875% Due 02-12-2024 0.02%
BHP Group Limited Ordinary Fully Paid 0.02%
Gaz Capital Sa 3.125% Snr 17/11/2023 EUR 0.02%
Enbridge Inc 0.01%
Xcel Energy Inc 0.01%
Koninklijke Vopak Nv 0.01%
Royal Dutch Shell Plc-B Shs 0.01%
Kirby Corp 0.01%
Lyondellbasell Industries 0.01%
Firstenergy Corp 3.9% 07-15-2027 0.01%
Firstenergy Corp 7.375% Due 11-15-2031 0.01%
Gaz Capital Sa 5.15% Snr 11/02/26 Usd1000 0.01%
Archer-Daniels 1.0% 12/09/2025 0.01%
Aker Bp Asa 0.05%
Weapons
Raytheon Company 0.02%
Tobacco
Gambling
Skycity Entertainment Group Limited 0.04%
Alcohol
Pernod-Ricard Sa 0.03%
Diageo Ord 28 101/108P 0.03%
Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.03%
Carlsberg As - B 0.02%
Lvmh Moet Hennessy 1.125% Snr 11/02/2027Gbp 0.02%
Anheuser-Busch Cos Llc Corp 4.9% 02-01-2046 0.01%
GMOs
Novartis Ag - Chf0.50 (Regd) 0.15%
Novartis Cap Corp 4.4% Due 05-06-2044 0.03%
Nutrien Ltd 3.375% Due 03-15-2025 0.03%
Syngenta Finance Nv 0.05%
Human Rights & Environmental Violations
Johnson & Johnson Com US$1 0.09%
Nestle Sa 0.05%
Rio Tinto Limited 0.04%
BHP Group Plc 0.03%
Nutrien Ltd 3.375% Due 03-15-2025 0.03%
Rio Tinto Plc Ord 10P Gbp 0.03%
Rio Tinto Fin Usa 3.75% Due 06-15-2025 0.02%
BHP Group Limited Ordinary Fully Paid 0.02%
Royal Dutch Shell Plc-B Shs 0.01%
Sempra Energy USD 0.01%
Archer-Daniels 1.0% 12/09/2025 0.01%
Animal Testing
Johnson & Johnson Com US$1 0.090%
Coca Cola Co USD 0.050%
Procter & Gamble Company 0.050%
Nestle Sa 0.050%
Pepsico Inc Cap US$0.01 2/3 0.040%
Glaxosmithkline Plc 0.030%
Reckitt Benckiser Group Plc 0.020%
Colgate-Palmolive Co 4% Due 08-15-2045 0.020%
Colgate Palmolive Usd1 0.020%
Glaxosmithkline 6.375% Due 05-15-2038 0.020%
Kimberly Clark 6.625% Due 08-01-2037 0.020%
Lvmh Moet Hennessy 1.125% Snr 11/02/2027Gbp 0.020%
Unilever Plc 0.010%
Royal Dutch Shell Plc-B Shs 0.010%
Kimberly Clark Corp Com Usd1.25 0.010%
Coca-Cola Femsa S A B De C V 2.75% 01-22-2030 0.010%
Walgreens Boots Al Com Usd0.01 0.010%
Archer-Daniels 1.0% 12/09/2025 0.010%
Syngenta Finance Nv 0.050%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue June 30th 2020 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 and research organisations.
A summary of this fund and its details.
| Number | FND40 |
| Name | Mercer Flexisaver Conservative Fund |
| Risk profile | Conservative fund |
| Description | Invests mostly in cash and fixed interest with only limited investment in growth assets such as shares and real assets. May be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in cash. Investors need to be comfortable with the possibility of some fluctuations in returns. |
| Value | $6.3M NZD |
| Members | Not provided |
| Market index description | The composite index return is the strategic asset allocation weighted benchmark index return where the benchmark indices are defined in the Statement of Investment Policy and Objectives. Additional information about the composite index is available on the offer register. |
| Period of data report | Tue June 30th 2020 |
| Fund started | Fri Oct. 9th 2015 |
| Three-year average return | 2.32% |
| Market index past year return | 2.52% |
| Past year return net of charges and tax | 0.41% |
| Past year return net of charges gross of tax | 0.92% |
| Market index return since fund started | 4.52% |
| Return since fund started net | 2.66% |
| Total annual fund fees | 0.9% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.64% |
| Administration charges | 0.26% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
-
Kristen Kohere-Soutar
Currently: Chair - Mercer (N.Z.) Ltd (0 years, 4 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 7 months) -
Kylie Willment
Currently: Chief Investment Officer Pacific Mercer Australia (Pty) Ltd (2 years, 5 months)
Previously: Senior Manager Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months) -
Martin Lewington
Currently: CEO - Mercer (N.Z.) Ltd (11 years, 1 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months) -
Philip Houghton-Brown
Currently: Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (7 years, 8 months)
Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months) -
Ronan Mccabe
Currently: Head of Portfolio Management Delegated Solutions Pacific Mercer Australia (Pty) Ltd (1 years, 0 months)
Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.
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 |
|---|---|---|
| 2020 | -0.18% | 0.41% |
| 2019 | 4.54% | 3.4% |
| 2018 | 3.22% | 3.14% |
| 2017 | 3.53% | 3.35% |
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 Tue June 30th 2020.
Showing the top 10 investments for this fund:
-
AMP Capital Investors NZ Cash Fund
New Zealand Cash and Equivalents31.26% -
Robeco Global Credit Fund
Australia Int Fixed Interest3.52% -
New Zealand Government Bond 5.5% 15/04/2023
New Zealand NZ Fixed Interest AA+1.76% -
New Zealand Government Bond 6% 15/05/2021
New Zealand NZ Fixed Interest AA+1.62% -
New Zealand Government Bond 3.5% 14/04/2033
New Zealand NZ Fixed Interest AA+1.55% -
New Zealand Government Bond 2.75% 15/04/2037
New Zealand NZ Fixed Interest AA+1.36% -
Housing New Zealand Ltd Bond 3.42% 18/10/2028
New Zealand NZ Fixed Interest AA+1.23% -
United States Dollar
United States Int Fixed Interest1.11% -
New Zealand Government Indexed Bond 2% 20/09/2025
New Zealand NZ Fixed Interest AA+1.06% -
Westpac Business Interest Account
New Zealand Cash and Equivalents AA-0.9%
This information has been sourced from the quarterly data that each fund has filed with Disclose register 30 June 2020 .
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 30.0% | 32.56% |
| New Zealand Fixed Interest | 15.0% | 14.98% |
| International Fixed Interest | 35.0% | 34.06% |
| Australasian Equities | 5.0% | 3.76% |
| International Equities | 11.0% | 10.49% |
| Listed Properties | 0.88% | 0.68% |
| Unlisted Properties | 0.87% | 1.05% |
| Other | 1.75% | 1.97% |
| Commodities | 0.5% | 0.0% |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30 June 2020 .
Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.17%
-
Animal Testing:0.78%
-
Fossil Fuels:0.98%
-
Gambling:0.05%
-
GMOs:0.29%
-
Human Rights & Environmental Violations:0.40%
-
Palm Oil:0.00%
-
Tobacco:0.01%
-
Weapons:0.05%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue June 30th 2020 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 and research organisations.
Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.
Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.
In their own words: "Invests mostly in cash and fixed interest with only limited investment in growth assets such as shares and real assets. May be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in cash. Investors need to be comfortable with the possibility of some fluctuations in returns."
Download the fund's disclosure statement and portfolio holdings.
