Funds
Mercer Flexisaver Conservative Fund
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Limited 0.29%
- Nextera Energy Inc 0.08%
- Nextera Energy Capital Holdings Inc 0.06%
- Shell PLC Ord Eur0.07 0.05%
- National Grid PLC Disc Coml Paper 4/2 Yrs 3&4 10-13-2022 0.04%
- Totalenergies Se 0.04%
- Dominion Energy 0.03%
- Dte Energy Co USD 0.03%
- Duke Energy Corp Com USD 0.001 Post Rev Splt 0.03%
- Sempra Energy 0.03%
- BHP Group Limited Ordinary Fully Paid 0.02%
- Emera Inc 0.02%
- Enel Chile SA 4.875% 06-12-2028 0.02%
- Enel Fin Intl N V Fixed 3.625% Due 05-25-2027 0.02%
- Enel Spa 0.02%
- Eni Spa 0.02%
- Entergy 0.02%
- Hf Sinclair Corpor Com Usd0.01 0.02%
- Hk Electric Investments Ltd 0.02%
- Iren Spa 1% Snr Emtn 01/07/2030 EUR 0.02%
- Kinder Morgan Inc 4.3% Due 06-01-2025 0.02%
- Naturgy Finance B. 1.5% Gtd Snr 29/01/2028 EUR 0.02%
- Public Service Enterprise Group 0.02%
- Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.02%
- Reliance Inds 3.667% Snr 30/11/2027 USD 0.02%
- Santos Limited 0.02%
- Southern Co Com USD 0.02%
- Xcel Energy Inc 0.02%
- A2A Spa 1% Snr Emtn 02/11/2033 EUR 0.01%
- Aker BP Asa 1.125% Snr 12/05/2029 EUR 0.01%
- Allete Inc 0.01%
- Alliant Energy Corp Com 0.01%
- Apa Corporation 4.375% Snr 15/10/28 Usd2000 0.01%
- Apache Corp 4.375% 10-15-2028 0.01%
- Ck Hutchison International 21 Ltd 1.5% Due 04-15-2026 Beo 0.01%
- Edp Finance Bv 1.875% Snr 29/09/2023 EUR 0.01%
- Enel Fin Intl Nv Fixed 4.25% Due 06-15-2025 0.01%
- Enel Spa Eur1 0.01%
- Equinor Asa 0.01%
- Guanghui Energy Co Ltd 0.01%
- Hera Spa Cb 2.5% 2.5% 25/05/2029 0.01%
- Mitsubishi Corp Y50 0.01%
- Mitsui & Co Ltd Jpy 0.01%
- Nippon Yusen Kk Npv Temp 0.01%
- OMV AG 0.01%
- Pg and E Corp 0.01%
- Ppl Corporation 0.01%
- Santos Finance Ltd 4.125% Gtd Snr 14/09/27 USD 0.01%
- Snam Spa 0.01%
- Snam Spa 1% Snr Emtn 12/09/2034 EUR 0.01%
- Williams Companies Inc 2.6% 03-15-2031 0.01%
- Williams Cos Inc 4.65% Due 08-15-2032 0.01%
Weapons
- Mtu Aero Engines AG 0.01%
Tobacco
- Performance Food Group Co 0.03%
- Alimentation Couche-Tard 2.95% Due 01-25-2030 Beo 0.02%
- Casey'S General Stores Inc 0.01%
Gambling
- Skycity Entertainment Group Limited 0.10%
- Vici Properties Inc 0.01%
Alcohol
- Constellation Brands Inc-A 0.05%
- Treasury Wine Estates Limited 0.01%
Human Rights & Environmental Violations
- Nestle Holdings Inc 0.07%
- Nestle SA 0.06%
- Shell PLC Ord Eur0.07 0.05%
- Johnson & Johnson Com US$1 0.04%
- Motorola Solutions Inc 0.04%
- Barrick Gold Corporation 0.03%
- Duke Energy Corp Com USD 0.001 Post Rev Splt 0.03%
- Wells Fargo & Co 1.338%-Frn Snr 04/05/25Eur 0.03%
- Activision Blizzard Inc 0.02%
- BHP Group Limited Ordinary Fully Paid 0.02%
- Bayer AG 0.02%
- Credit Suisse Gp 2.875%-Frn Snr 02/04/32Eur 0.02%
- First International Bank Of Israel Ltd 0.02%
- Nestle Hldgs Inc 0.875% Gtd Snr 18/07/25Eur 0.02%
- Rio Tinto Fin Usa 5.2 Due 11-02-2040 0.02%
- Rio Tinto PLC Ord 10P Gbp 0.02%
- Thermo Fisher Scientific Inc 0.02%
- Pg and E Corp 0.01%
Animal Cruelty
- Procter & Gamble Company 0.09%
- Nestle Holdings Inc 0.07%
- Pepsico Inc Cap US$0.01 2/3 0.07%
- Nestle SA 0.06%
- Constellation Brands Inc-A 0.05%
- Shell PLC Ord Eur0.07 0.05%
- Colgate Palmolive Usd1 0.04%
- Church & Dwight Co 0.03%
- Coca Cola Co USD 0.03%
- Essity Ab 1.625% Gtd Snr 30/03/27 EUR 0.03%
- General Mills Inc 0.03%
- Kellogg Company 0.03%
- Kimberly Clark Corp Com Usd1.25 0.03%
- Kimberly Clark De Mexico S A B De C V Fo2.431% Due 07-01-2031 Beo 0.03%
- Koninklijke Ahold Delhaize Nv 0.03%
- Mondelez International Inc 0.03%
- Tyson Foods Inc Class A 0.03%
- 3M Co 4.0% 09-14-2048 0.02%
- Bayer AG 0.02%
- Campbell Soup Co USD 0.02%
- Colgate-Palmolive Co 4% Due 08-15-2045 0.02%
- Eni Spa 0.02%
- Kering 0.02%
- Kimberly-Clark 6.625% Due 08-01-2037 0.02%
- Nestle Hldgs Inc 0.875% Gtd Snr 18/07/25Eur 0.02%
- Nomad Foods Ltd 0.02%
- Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.02%
- Reliance Inds 3.667% Snr 30/11/2027 USD 0.02%
- Sherwin Williams Com Usd1 0.02%
- Solvay SA .5% 06/09/2029 0.02%
- Aker BP Asa 1.125% Snr 12/05/2029 EUR 0.01%
- Coca-Cola Co Fixed 1% Due 03-09-2041 0.01%
- Estee Lauder Companies 0.01%
- Hermes International 0.01%
- Koninklijke Dsm Nv 0.01%
- Mitsubishi Corp Y50 0.01%
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. 2022 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
In their own words
Invests mostly in defensive assets such as fixed interest and cash, 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 the Cash fund. Investors need to be comfortable with the possibility of some fluctuations in returns.
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 | $7.8M NZD |
| Period of data report | 30th Sept. 2022 |
| Fund started | 9th Oct. 2015 |
| Total annual fund fees | 0.88% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.71% |
| Other management and administration charges | 0.17% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Kristen Kohere-Soutar |
Currently: Chair - Mercer (N.Z.) Ltd (2 years, 10 months) |
|
Martin Lewington |
Currently: CEO - Mercer (N.Z.) Ltd (13 years, 7 months) |
|
Kylie Willment |
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (4 years, 11 months) |
|
Padraig Brown |
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (0 years, 4 months) |
|
Robert Kavanagh |
Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (8 years, 6 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2022.
Investment Exclusions
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.07% | |
| Animal Cruelty | 1.32% | |
| Fossil Fuels | 1.77% | |
| Gambling | 0.12% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 0.61% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.07% | |
| Weapons | 0.02% |
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. 2022 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.
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. Similarly Mindful Money uses a broader scope for fossil fuels
than the government’s rules for default KiwiSaver funds. The full definitions
used in the Mindful Money analysis are here.
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 |
|---|---|---|
| 2022 | -0.26% | -0.44% |
| 2021 | 8.99% | 6.47% |
| 2020 | 0.27% | 0.41% |
| 2019 | 4.19% | 3.4% |
| 2018 | 3.39% | 3.14% |
| 2017 | 3.28% | 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 30th Sept. 2022.
Top 10 Investments
-
Robeco Global Credit Fund
Australia Int Fixed Interest4.7% -
ANZ Bank New Zealand Limited Rcd Maturing 28/11/2022
New Zealand Cash and Equivalents AA-1.61% -
Westpac New Zealand Limited Rcd Maturing 07/11/2022
New Zealand Cash and Equivalents AA-1.38% -
New Zealand Government Bond 3.00% 20/04/2029
New Zealand NZ Fixed Interest AAA1.37% -
New Zealand Government Bond 2.00% 15/05/2032
New Zealand NZ Fixed Interest AAA1.31% -
New Zealand Government Bond 1.75% 15/05/2041
New Zealand NZ Fixed Interest AAA1.25% -
Westpac Business Interest Account
New Zealand Cash and Equivalents AA-1.2% -
Bank Of New Zealand Rcd Maturing 15/11/2022
New Zealand Cash and Equivalents AA-1.13% -
New Zealand Government Bond 0.25% 15/05/2028
New Zealand NZ Fixed Interest AAA1.09% -
Housing New Zealand Limited Bond 3.36% 12/06/2025
New Zealand NZ Fixed Interest AAA1.08%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 30.0% | 32.24% |
| New Zealand Fixed Interest | 15.0% | 14.72% |
| International Fixed Interest | 35.0% | 34.56% |
| Australasian Equities | 5.0% | 4.71% |
| International Equities | 11.5% | 9.14% |
| Listed Properties | 0.88% | 0.57% |
| Unlisted Properties | 0.87% | 1.13% |
| Other | 1.75% | 2.93% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2022.