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:

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

Companies of concern

    • Meta Platforms Inc-Class A 0.37%
    • Johnson & Johnson 0.10%
    • Wells Fargo & Company 0.09%
    • Motorola Solutions Inc 0.07%
    • Nestle SA-Reg 0.06%
    • Thermo Fisher Scientific Inc 0.03%
    • Ubs Group AG 0.03%
    • Nestle Holdings Inc 0.02%
    • Petrochina Co Ltd-H 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
    • China Petroleum & Chemical-H 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
    • Barrick Gold Corp 0.09%
    • Shell 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
    • Energy Transfer Lp 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
    • Vale SA 0.03%
    • BHP Billiton Fin Usa 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
    • Duke Energy Florida Llc 0.02%
    • Syngenta Finance Nv 0.02%
    • Fmc Corp 0.01%
    • Fuji Oil Co Ltd 0.01%
    • LVMH Moet Hennessy Louis Vui 0.15%
    • Procter & Gamble Co/The 0.09%
    • Shell 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
    • Kering 0.08%
    • Koninklijke Ahold Delhaize N 0.08%
    • Eni Spa 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
    • Air Liquide SA 0.03%
    • Celanese US Holdings Llc 0.03%
    • Hermes International 0.03%
    • Moncler Spa 0.03%
    • Ecolab Inc 0.02%
    • Huntsman Corp 0.02%
    • Syngenta Finance Nv 0.02%
    • China Petroleum & Chemical-H 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
    • Eastman Chemical Co 0.01%
    • Fmc Corp 0.01%
    • L'Oreal 0.01%
    • Orbia Advance Corp Sab 0.01%
    • Otsuka Holdings Co Ltd- Unsp 0.01%
    • Ralph Lauren Corp 0.01%
    • Unilever Finance 0.01%
    • Zf Europe Finance Bv 0.01%
    • Mtu Aero Engines AG 0.08%
    • Daikin Industries Ltd 0.04%
    • Indra Sistemas SA 0.04%
    • Contact Energy Ltd 0.64% 1.5°C
      This company is on a 1.5°C pathway
    • Engie 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
    • Nextera Energy Inc 0.11%
    • Totalenergies Se 0.10% !!
      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
    • Shell 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
    • Eni Spa 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
    • Williams Companies 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
    • BP PLC 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
    • Energy Transfer Lp 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
    • Centerpoint Energy Inc 0.04%
    • National Grid PLC-Sp Adr 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
    • Orsted A/S 0.04% 1.5°C
      This company is on a 1.5°C pathway
    • Alliant Energy Corp 0.03%
    • Consolidated Edison Inc 0.03%
    • Dominion Energy Inc 0.03%
    • Electricite De France SA 0.03%
    • Enel Spa 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Japan Petroleum Exploration 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
    • Nextera Energy Capital 0.03%
    • OMV AG 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
    • Petrobras - Petroleo Bras-Pr 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
    • Pinnacle West Capital 0.03%
    • Public Service Enterpris 0.03%
    • Vale SA 0.03%
    • Ameren Illinois Co 0.02%
    • Atlantica Sustainable Infras 0.02%
    • BHP Billiton Fin Usa 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
    • Duke Energy Florida Llc 0.02%
    • Enterprise Products Oper 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
    • Fortum Oyj 0.02%
    • Genesis Energy Ltd 0.02%
    • Itochu 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
    • Mitsui & Co 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
    • Nevada Power Co 0.02%
    • Oci Nv 0.02%
    • Petrochina Co Ltd-H 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
    • Portland General Electric Co 0.02%
    • Repsol SA 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
    • Rwe AG 0.02%
    • Snam Spa 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
    • Southern Co 0.02%
    • Targa Resources Corp 0.02%
    • Var Energi Asa 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
    • Xcel Energy Inc 0.02%
    • Aker BP Asa 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
    • Apache Corp 0.01%
    • Athabasca Oil Corp 0.01%
    • Centerpoint Energy Res 0.01%
    • China Coal Xinji Energy Co-A 0.01%
    • China Petroleum & Chemical-H 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
    • Chugoku Electric Power Co 0.01%
    • Enel Finance Intl Nv 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Galaxy Pipeline Assets 0.01%
    • Iberdrola Finanzas Sau 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Itochu Enex Co Ltd 0.01%
    • Kinder Morgan 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
    • Marathon Petroleum Corp 0.01%
    • Nrg Energy Inc 0.01%
    • Oneok Inc 0.01%
    • Pacificorp 0.01%
    • Pbf Energy Inc-Class A 0.01%
    • Targa Resources Partners 0.01%
    • Tohoku Electric Power Co Inc 0.01%
    • Valero Energy Corp 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 31st March 2024 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

Invests mainly in defensive assets such as fixed interest and cash, with about 40% in growth assets such as shares and real assets. May be suitable for investors who want to invest in a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Conservative fund.

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 $7.72M NZD
Period of data report 30th June 2024
Fund started 9th Oct. 2015
Total annual fund fees 0.95%
Total performance based fees 0.0%
Manager's basic fee 0.76%
Other management and administration charges 0.19%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 2 months)
Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (15 years, 4 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (6 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 (2 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 (10 years, 3 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 30th June 2024.

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
2024 9.61% 6.87%
2023 -2.59% -1.84%
2022 1.06% 0.36%
2021 18.16% 11.14%
2020 -1.83% -1.06%
2019 4.49% 3.86%
2018 4.41% 4.38%
2017 5.71% 4.68%

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 2024.

Top 10 Investments

  • Robeco Global Credits Fund
    Luxembourg Int Fixed Interest
    4.09%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    1.47%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.36%
  • Westpac New Zealand Limited Bond 2.22% 29/07/2024
    New Zealand Cash and Equivalents AA-
    1.32%
  • New Zealand Government Bond 1.50% 15/05/2031
    New Zealand NZ Fixed Interest AAA
    1.21%
  • New Zealand Government Bond 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    0.99%
  • Kiwibank Limited Bond 2.155% 20/09/2024
    New Zealand Cash and Equivalents
    0.96%
  • New Zealand Government Bond 4.25% 15/05/2034
    New Zealand NZ Fixed Interest AAA
    0.96%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025
    New Zealand NZ Fixed Interest AAA
    0.96%
  • New Zealand Government Bond 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    0.93%
Type Target Actual
Cash and Cash Equivalents 18.0% 15.34%
New Zealand Fixed Interest 13.0% 14.47%
International Fixed Interest 29.0% 29.15%
Australasian Equities 10.0% 9.92%
International Equities 24.5% 24.94%
Listed Properties 0.0% 0.79%
Unlisted Properties 2.0% 1.96%
Other 3.5% 3.43%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested against the fund's targets.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.