Funds

This is a Mindful fund Mercer Flexisaver Conservative Fund

Total Ethical Concerns: 4.63%

The average total concerns of all managed conservative funds is 3.17%.

Companies of Concern

  • Animal Cruelty 0.68%

    • Koninklijke Ahold Delhaize Nv
      0.07%
      0.07%
    • Orbia Advance Corp. Sab De Cv
      0.04%
      0.04%
    • Celanese US Holdings Llc
      0.03%
      0.03%
    • Eni 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%
    • FMC Corp.
      0.03%
      0.03%
    • Givaudan Finance Europe Bv
      0.03%
      0.03%
    • Bayer
      0.02%
      0.02%
    • Colgate-Palmolive Co.
      0.02%
      0.02%
    • Exxon Mobil 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%
    • Hermès International Sca
      0.02%
      0.02%
    • Huntsman Corp.
      0.02%
      0.02%
    • Kering SA
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • 0.02%
    • Shell
      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%
    • Syngenta
      0.02%
      0.02%
    • The Dow Chemical Co.
      0.02%
      0.02%
    • Tyson Foods Inc
      0.02%
      0.02%
    • Chevron Corp.
      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%
    • Dupont De Nemours
      0.01%
      0.01%
    • Yara International Asa
      0.01%
      0.01%
  • Human Rights Violations 0.9%

    • 0.25%
    • UBS
      0.14%
      0.14%
    • Wells Fargo
      0.11%
      0.11%
    • General Motors
      0.07%
      0.07%
    • Rio Tinto
      0.06%
      0.06%
    • 0.05%
    • Nestlé
      0.05%
      0.05%
    • Holcim
      0.02%
      0.02%
    • 0.02%
    • 0.01%
  • Social Harm 0.26%

  • Fossil Fuels 2.62%

    • Contact Energy Ltd.
      0.33%
      1.5°C
      This company is on a 1.5°C pathway
      0.33%
    • BP
      0.11%
      !!
      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
      0.11%
    • Aker BP Asa
      0.09%
      !!
      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
      0.09%
    • National Grid PLC
      0.09%
      !!
      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
      0.09%
    • Energy Transfer Lp
      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%
    • Engie SA
      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%
    • Totalenergies Se
      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%
    • Nextera Energy, Inc.
      0.06%
      0.06%
    • Occidental Petroleum Corp.
      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%
    • Rio Tinto
      0.06%
      0.06%
    • Targa Resources Corp.
      0.06%
      0.06%
    • American Electric Power Co., Inc.
      0.05%
      0.05%
    • Duke Energy Corp
      0.05%
      0.05%
    • Enbridge, Inc.
      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%
    • The Williams Cos., Inc.
      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%
    • Vår Energi Asa
      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%
    • Atmos Energy Corp.
      0.04%
      0.04%
    • Cez As
      0.04%
      0.04%
    • Dominion Energy, Inc.
      0.04%
      0.04%
    • Itochu 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%
    • Mplx Lp
      0.04%
      0.04%
    • Cheniere Energy, Inc.
      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%
    • Conocophillips
      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%
    • Consolidated Edison, Inc.
      0.03%
      0.03%
    • Diamondback Energy, Inc.
      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%
    • Edp-Energias De Portugal SA
      0.03%
      1.5°C
      This company is on a 1.5°C pathway
      0.03%
    • Enel
      0.03%
      1.5°C
      This company is on a 1.5°C pathway
      0.03%
    • Eni 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%
    • Fairfax Financial Holdings Ltd.
      0.03%
      0.03%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.03%
      0.03%
    • Jefferies
      0.03%
      0.03%
    • Kinder Morgan, Inc.
      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%
    • Nrg Energy, Inc.
      0.03%
      0.03%
    • Oneok, Inc.
      0.03%
      0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • Sempra 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
      0.03%
    • Vier Gas Transport Gmbh
      0.03%
      0.03%
    • Western Midstream Partners Lp
      0.03%
      0.03%
    • Wintershall Dea
      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%
    • Xcel Energy, Inc.
      0.03%
      0.03%
    • BHP
      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%
    • Canadian Natural Resources Ltd.
      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%
    • Centerpoint Energy, Inc.
      0.02%
      0.02%
    • Constellation Energy Corp.
      0.02%
      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%
    • Ep Infrastructure As
      0.02%
      0.02%
    • Exxon Mobil 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%
    • Korea Electric Power Corporation (Kepco)
      0.02%
      0.02%
    • National Grid North America, Inc.
      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%
    • OMV AG
      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%
    • Pacificorp.
      0.02%
      0.02%
    • Pinnacle West Capital Corp.
      0.02%
      0.02%
    • Shell
      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%
    • Électricité De France SA
      0.02%
      0.02%
    • Cenovus Energy, Inc.
      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%
    • Chevron Corp.
      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%
    • Delta Air Lines, Inc.
      0.01%
      0.01%
    • Portland General Electric Co.
      0.01%
      0.01%
    • Rwe AG
      0.01%
      0.01%
    • Snam Spa
      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%
    • The Weir Group PLC
      0.01%
      0.01%
  • Weapons 0.21%

    • Amphenol Corp.
      0.06%
      0.06%
    • Mtu Aero Engines AG
      0.06%
      0.06%
    • Dassault Aviation SA
      0.02%
      0.02%
    • Rheinmetall AG
      0.02%
      0.02%
    • 0.02%
    • Teledyne Technologies, Inc.
      0.01%
      0.01%
  • Environmental Harm 0.44%

    • Energy Transfer Lp
      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%
    • Coca-Cola
      0.05%
      0.05%
    • Duke Energy Corp
      0.05%
      0.05%
    • FMC Corp.
      0.03%
      0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • BHP
      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%
    • Bayer
      0.02%
      0.02%
    • Danone
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • PepsiCo
      0.02%
      0.02%
    • Shell
      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%
    • Syngenta
      0.02%
      0.02%
    • Chevron Corp.
      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%

From the Fund Provider

  • About this fund

    About this Fund

    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.

    Value $3.64M NZD
    Period of data report 31st March 2025
    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

    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 3.79% 3.28%
    2024 5.86% 4.66%
    2023 -1.56% -1.47%
    2022 -0.50% -0.44%
    2021 8.70% 6.47%
    2020 -0.05% 0.41%
    2019 4.31% 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 31st March 2025.

  • Investments

    Top 10 Investments

    • Robeco Global Credits Fund

      Luxembourg Int Fixed Interest

      4.95%
    • Housing New Zealand Limited Bond 3.36% 12/06/2025

      New Zealand NZ Fixed Interest AAA

      2.95%
    • New Zealand Government Bond 3.50% 14/04/2033

      New Zealand NZ Fixed Interest AAA

      2.04%
    • New Zealand Government Bond 4.50% 15/05/2035

      New Zealand NZ Fixed Interest AAA

      2.03%
    • New Zealand Government Bond 1.50% 15/05/2031

      New Zealand NZ Fixed Interest AAA

      1.95%
    • New Zealand Government Bond 2.75% 15/04/2037

      New Zealand NZ Fixed Interest AAA

      1.89%
    • New Zealand Government Bond 1.75% 15/05/2041

      New Zealand NZ Fixed Interest AAA

      1.8%
    • New Zealand Government Bond 2.00 15/05/2032

      New Zealand NZ Fixed Interest AAA

      1.79%
    • New Zealand Local Government Funding Agency Bond 2.75% 15/04/2025

      New Zealand Cash and Equivalents AAA

      1.7%
    • New Zealand Government Bond 4.25% 15/05/2036

      New Zealand NZ Fixed Interest AAA

      1.69%
    Type Target Actual
    Cash and Cash Equivalents 20.0% 20.62%
    New Zealand Fixed Interest 25.0% 26.5%
    International Fixed Interest 35.0% 34.4%
    Australasian Equities 5.0% 4.74%
    International Equities 12.0% 10.84%
    Listed Properties 0.0% 0.21%
    Unlisted Properties 1.0% 0.9%
    Other 2.0% 1.79%
    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

  • 0.68% Animal Cruelty
  • 0.9% Human Rights Violations
  • 0.26% Social Harm
  • 2.62% Fossil Fuels
  • 0.21% Weapons
  • 0.44% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Koninklijke Ahold Delhaize Nv
      0.07%
      0.07%
    • Orbia Advance Corp. Sab De Cv
      0.04%
      0.04%
    • Celanese US Holdings Llc
      0.03%
      0.03%
    • Eni 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%
    • FMC Corp.
      0.03%
      0.03%
    • Givaudan Finance Europe Bv
      0.03%
      0.03%
    • Bayer
      0.02%
      0.02%
    • Colgate-Palmolive Co.
      0.02%
      0.02%
    • Exxon Mobil 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%
    • Hermès International Sca
      0.02%
      0.02%
    • Huntsman Corp.
      0.02%
      0.02%
    • Kering SA
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • 0.02%
    • Shell
      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%
    • Syngenta
      0.02%
      0.02%
    • The Dow Chemical Co.
      0.02%
      0.02%
    • Tyson Foods Inc
      0.02%
      0.02%
    • Chevron Corp.
      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%
    • Dupont De Nemours
      0.01%
      0.01%
    • Yara International Asa
      0.01%
      0.01%
  • Human Rights Violations

    • 0.25%
    • UBS
      0.14%
      0.14%
    • Wells Fargo
      0.11%
      0.11%
    • General Motors
      0.07%
      0.07%
    • Rio Tinto
      0.06%
      0.06%
    • 0.05%
    • Nestlé
      0.05%
      0.05%
    • Holcim
      0.02%
      0.02%
    • 0.02%
    • 0.01%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.33%
      1.5°C
      This company is on a 1.5°C pathway
      0.33%
    • BP
      0.11%
      !!
      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
      0.11%
    • Aker BP Asa
      0.09%
      !!
      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
      0.09%
    • National Grid PLC
      0.09%
      !!
      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
      0.09%
    • Energy Transfer Lp
      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%
    • Engie SA
      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%
    • Totalenergies Se
      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%
    • Nextera Energy, Inc.
      0.06%
      0.06%
    • Occidental Petroleum Corp.
      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%
    • Rio Tinto
      0.06%
      0.06%
    • Targa Resources Corp.
      0.06%
      0.06%
    • American Electric Power Co., Inc.
      0.05%
      0.05%
    • Duke Energy Corp
      0.05%
      0.05%
    • Enbridge, Inc.
      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%
    • The Williams Cos., Inc.
      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%
    • Vår Energi Asa
      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%
    • Atmos Energy Corp.
      0.04%
      0.04%
    • Cez As
      0.04%
      0.04%
    • Dominion Energy, Inc.
      0.04%
      0.04%
    • Itochu 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%
    • Mplx Lp
      0.04%
      0.04%
    • Cheniere Energy, Inc.
      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%
    • Conocophillips
      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%
    • Consolidated Edison, Inc.
      0.03%
      0.03%
    • Diamondback Energy, Inc.
      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%
    • Edp-Energias De Portugal SA
      0.03%
      1.5°C
      This company is on a 1.5°C pathway
      0.03%
    • Enel
      0.03%
      1.5°C
      This company is on a 1.5°C pathway
      0.03%
    • Eni 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%
    • Fairfax Financial Holdings Ltd.
      0.03%
      0.03%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.03%
      0.03%
    • Jefferies
      0.03%
      0.03%
    • Kinder Morgan, Inc.
      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%
    • Nrg Energy, Inc.
      0.03%
      0.03%
    • Oneok, Inc.
      0.03%
      0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • Sempra 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
      0.03%
    • Vier Gas Transport Gmbh
      0.03%
      0.03%
    • Western Midstream Partners Lp
      0.03%
      0.03%
    • Wintershall Dea
      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%
    • Xcel Energy, Inc.
      0.03%
      0.03%
    • BHP
      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%
    • Canadian Natural Resources Ltd.
      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%
    • Centerpoint Energy, Inc.
      0.02%
      0.02%
    • Constellation Energy Corp.
      0.02%
      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%
    • Ep Infrastructure As
      0.02%
      0.02%
    • Exxon Mobil 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%
    • Korea Electric Power Corporation (Kepco)
      0.02%
      0.02%
    • National Grid North America, Inc.
      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%
    • OMV AG
      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%
    • Pacificorp.
      0.02%
      0.02%
    • Pinnacle West Capital Corp.
      0.02%
      0.02%
    • Shell
      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%
    • Électricité De France SA
      0.02%
      0.02%
    • Cenovus Energy, Inc.
      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%
    • Chevron Corp.
      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%
    • Delta Air Lines, Inc.
      0.01%
      0.01%
    • Portland General Electric Co.
      0.01%
      0.01%
    • Rwe AG
      0.01%
      0.01%
    • Snam Spa
      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%
    • The Weir Group PLC
      0.01%
      0.01%
  • Weapons

    • Amphenol Corp.
      0.06%
      0.06%
    • Mtu Aero Engines AG
      0.06%
      0.06%
    • Dassault Aviation SA
      0.02%
      0.02%
    • Rheinmetall AG
      0.02%
      0.02%
    • 0.02%
    • Teledyne Technologies, Inc.
      0.01%
      0.01%
  • Environmental Harm

    • Energy Transfer Lp
      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%
    • Coca-Cola
      0.05%
      0.05%
    • Duke Energy Corp
      0.05%
      0.05%
    • FMC Corp.
      0.03%
      0.03%
    • Pg&E Corp
      0.03%
      0.03%
    • BHP
      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%
    • Bayer
      0.02%
      0.02%
    • Danone
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • PepsiCo
      0.02%
      0.02%
    • Shell
      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%
    • Syngenta
      0.02%
      0.02%
    • Chevron Corp.
      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%

About this Fund

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.

Value $3.64M NZD
Period of data report 31st March 2025
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

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 3.79% 3.28%
2024 5.86% 4.66%
2023 -1.56% -1.47%
2022 -0.50% -0.44%
2021 8.70% 6.47%
2020 -0.05% 0.41%
2019 4.31% 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 31st March 2025.

Top 10 Investments

  • Robeco Global Credits Fund

    Luxembourg Int Fixed Interest

    4.95%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025

    New Zealand NZ Fixed Interest AAA

    2.95%
  • New Zealand Government Bond 3.50% 14/04/2033

    New Zealand NZ Fixed Interest AAA

    2.04%
  • New Zealand Government Bond 4.50% 15/05/2035

    New Zealand NZ Fixed Interest AAA

    2.03%
  • New Zealand Government Bond 1.50% 15/05/2031

    New Zealand NZ Fixed Interest AAA

    1.95%
  • New Zealand Government Bond 2.75% 15/04/2037

    New Zealand NZ Fixed Interest AAA

    1.89%
  • New Zealand Government Bond 1.75% 15/05/2041

    New Zealand NZ Fixed Interest AAA

    1.8%
  • New Zealand Government Bond 2.00 15/05/2032

    New Zealand NZ Fixed Interest AAA

    1.79%
  • New Zealand Local Government Funding Agency Bond 2.75% 15/04/2025

    New Zealand Cash and Equivalents AAA

    1.7%
  • New Zealand Government Bond 4.25% 15/05/2036

    New Zealand NZ Fixed Interest AAA

    1.69%
Type Target Actual
Cash and Cash Equivalents 20.0% 20.62%
New Zealand Fixed Interest 25.0% 26.5%
International Fixed Interest 35.0% 34.4%
Australasian Equities 5.0% 4.74%
International Equities 12.0% 10.84%
Listed Properties 0.0% 0.21%
Unlisted Properties 1.0% 0.9%
Other 2.0% 1.79%
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.