Funds
Mercer Flexisaver Moderate 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 0.55%
- Nextera Energy Inc 0.18%
- Shell PLC Ord Eur0.07 0.08%
- Sempra Energy 0.07%
- Totalenergies Se 0.07%
- Dominion Energy 0.06%
- BHP Group Limited Ordinary Fully Paid 0.05%
- Enel Spa 0.05%
- Entergy 0.05%
- Nextera Energy Capital Holdings Inc 0.05%
- Emera Inc 0.04%
- Eni Spa 0.04%
- Public Service Enterprise Group 0.04%
- Santos Limited 0.04%
- Xcel Energy Inc 0.04%
- Allete Inc 0.03%
- Alliant Energy Corp Com 0.03%
- Dte Energy Co USD 0.03%
- Duke Energy Corp Com USD 0.001 Post Rev Splt 0.03%
- Enel Spa Eur1 0.03%
- Mitsui & Co Ltd Jpy 0.03%
- National Grid PLC Disc Coml Paper 4/2 Yrs 3&4 10-13-2022 0.03%
- Oasis Petroleum Inc 0.03%
- Snam Spa 0.03%
- Anglo American PLC 0.02%
- Avista Corp 0.02%
- Ck Hutchison International 21 Ltd 1.5% Due 04-15-2026 Beo 0.02%
- Cosmo Energy Holdings Co Ltd 0.02%
- Enel Chile SA 4.875% 06-12-2028 0.02%
- Enel Fin Intl Nv Fixed 4.25% Due 06-15-2025 0.02%
- Guanghui Energy Co Ltd 0.02%
- Hera Spa 0.02%
- Hf Sinclair Corpor Com Usd0.01 0.02%
- Hk Electric Investments Ltd 0.02%
- Iberdrola SA 0.02%
- Jizhong Energy Resources Co Ltd 0.02%
- Mitsubishi Corp Y50 0.02%
- Nippon Yusen Kk Npv Temp 0.02%
- OMV AG 0.02%
- Pg and E Corp 0.02%
- Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.02%
- Santos Finance Ltd 4.125% Gtd Snr 14/09/27 USD 0.02%
- Southern Co Com USD 0.02%
- Vale SA 0.02%
- Aker BP Asa 1.125% Snr 12/05/2029 EUR 0.01%
- Ampol Ltd Frn Cnv Gtd Sub 12/2081 AUD 0.01%
- Canadian Natural Resources 0.01%
- Ck Asset Holdings Hk 0.01%
- Enel Fin Intl N V Fixed 3.625% Due 05-25-2027 0.01%
- Equinor Asa 0.01%
- Guangdong Investment Limited 0.01%
- Harbour Energy PLC Ord Gbp0.00002 0.01%
- Hera Eur1 0.01%
- Iren Spa 1% Snr Emtn 01/07/2030 EUR 0.01%
- Japan Petroleum Exploration 0.01%
- Kinder Morgan Inc 4.3% Due 06-01-2025 0.01%
- Naturgy Finance B. 1.5% Gtd Snr 29/01/2028 EUR 0.01%
- Nextera Energy Cap Hldgs Inc Fltg Due 02-22-2023 0.01%
- Pinnacle West Capital Corp 0.01%
- Ppl Corporation 0.01%
- Reliance Inds 3.667% Snr 30/11/2027 USD 0.01%
- Repsol SA 0.01%
- Sojitz Corporation 0.01%
- Williams Companies Inc 2.6% 03-15-2031 0.01%
Weapons
- Mtu Aero Engines AG 0.02%
Tobacco
- Performance Food Group Co 0.06%
- Alimentation Couche-Tard 2.95% Due 01-25-2030 Beo 0.02%
- Casey'S General Stores Inc 0.01%
Gambling
- Skycity Entertainment Group Limited 0.19%
- Vici Properties Inc 0.03%
Alcohol
- Constellation Brands Inc-A 0.09%
- Royal Unibrew As 0.02%
- Treasury Wine Estates Limited 0.02%
- Heineken Holding Nv 0.01%
Human Rights & Environmental Violations
- Nestle SA 0.09%
- Motorola Solutions Inc 0.08%
- Shell PLC Ord Eur0.07 0.08%
- Barrick Gold Corporation 0.06%
- Johnson & Johnson Com US$1 0.06%
- BHP Group Limited Ordinary Fully Paid 0.05%
- Nestle Holdings Inc 0.05%
- Thermo Fisher Scientific Inc 0.04%
- Activision Blizzard Inc 0.03%
- Bayer AG 0.03%
- Duke Energy Corp Com USD 0.001 Post Rev Splt 0.03%
- Rio Tinto PLC Ord 10P Gbp 0.03%
- Nestle Hldgs Inc 0.875% Gtd Snr 18/07/25Eur 0.02%
- Petroleo Brasileiro Petrobras SA 0.02%
- Pg and E Corp 0.02%
- Rio Tinto Fin Usa 5.2 Due 11-02-2040 0.02%
- Vale SA 0.02%
- Wells Fargo & Co 1.338%-Frn Snr 04/05/25Eur 0.02%
- Credit Suisse Gp 2.875%-Frn Snr 02/04/32Eur 0.01%
- First International Bank Of Israel Ltd 0.01%
Animal Cruelty
- Procter & Gamble Company 0.13%
- Pepsico Inc Cap US$0.01 2/3 0.11%
- Constellation Brands Inc-A 0.09%
- Nestle SA 0.09%
- Shell PLC Ord Eur0.07 0.08%
- Koninklijke Ahold Delhaize Nv 0.06%
- Colgate Palmolive Usd1 0.05%
- Nestle Holdings Inc 0.05%
- Eni Spa 0.04%
- Kering 0.04%
- Nomad Foods Ltd 0.04%
- Tyson Foods Inc Class A 0.04%
- Bayer AG 0.03%
- Church & Dwight Co 0.03%
- Coca Cola Co USD 0.03%
- Estee Lauder Companies 0.03%
- General Mills Inc 0.03%
- Kellogg Company 0.03%
- Kimberly Clark Corp Com Usd1.25 0.03%
- Mondelez International Inc 0.03%
- 3M Co 4.0% 09-14-2048 0.02%
- Air Liquide 0.02%
- Campbell Soup Co USD 0.02%
- Capri Holdings Ltd Com Npv 0.02%
- Colgate-Palmolive Co 4% Due 08-15-2045 0.02%
- Essity Ab 1.625% Gtd Snr 30/03/27 EUR 0.02%
- Hermes International 0.02%
- Ingredion Inc Com USD 0.01 0.02%
- Kimberly Clark De Mexico S A B De C V Fo2.431% Due 07-01-2031 Beo 0.02%
- Koninklijke Dsm Nv 0.02%
- L'Oreal 0.02%
- Mitsubishi Corp Y50 0.02%
- Nestle Hldgs Inc 0.875% Gtd Snr 18/07/25Eur 0.02%
- Ping An Insurance Group Of China Limited 0.02%
- Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.02%
- Sherwin Williams Com Usd1 0.02%
- Solvay SA .5% 06/09/2029 0.02%
- Symrise AG 0.02%
- Aker BP Asa 1.125% Snr 12/05/2029 EUR 0.01%
- Kimberly-Clark 6.625% Due 08-01-2037 0.01%
- Mitsubishi Gas Chemical Co 0.01%
- Nisshinbo Holdings Inc 0.01%
- Orbia Advance Corp S A B De Cv 1.875% Due 05-11-2026 Beo 0.01%
- Reliance Inds 3.667% Snr 30/11/2027 USD 0.01%
- Unilever PLC 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 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 | $9.4M NZD |
| Period of data report | 30th Sept. 2022 |
| 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 |
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 | 0.19% | |
| Animal Cruelty | 1.80% | |
| Fossil Fuels | 2.89% | |
| Gambling | 0.23% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 0.90% | |
| Palm Oil | 0.01% | |
| Tobacco | 0.09% | |
| Weapons | 0.03% |
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 | 0.34% | 0.36% |
| 2021 | 17.46% | 11.14% |
| 2020 | -1.59% | -1.06% |
| 2019 | 4.47% | 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 Sept. 2022.
Top 10 Investments
-
Robeco Global Credit Fund
Australia Int Fixed Interest3.45% -
Westpac Business Interest Account
New Zealand Cash and Equivalents AA-1.73% -
First Sentier Global Listed Infrastructure Fund
New Zealand Other1.23% -
New Zealand Government Bond 3.00% 20/04/2029
New Zealand NZ Fixed Interest AAA1.19% -
New Zealand Government Bond 2.00% 15/05/2032
New Zealand NZ Fixed Interest AAA1.14% -
New Zealand Government Bond 1.75% 15/05/2041
New Zealand NZ Fixed Interest AAA1.1% -
ANZ Bank New Zealand Limited Rcd Maturing 28/11/2022
New Zealand Cash and Equivalents AA-1.01% -
New Zealand Government Bond 0.25% 15/05/2028
New Zealand NZ Fixed Interest AAA0.95% -
Housing New Zealand Limited Bond 3.36% 12/06/2025
New Zealand NZ Fixed Interest AAA0.95% -
New Zealand Government Bond 5.5% 15/04/2023
New Zealand NZ Fixed Interest AAA0.89%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 18.0% | 21.31% |
| New Zealand Fixed Interest | 13.0% | 12.85% |
| International Fixed Interest | 29.0% | 29.0% |
| Australasian Equities | 9.5% | 9.01% |
| International Equities | 22.5% | 18.9% |
| Listed Properties | 2.0% | 1.59% |
| Unlisted Properties | 2.0% | 2.11% |
| Other | 4.0% | 5.23% |
| 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.