Mercer Flexisaver Balanced Fund

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Mindful Fund
Type: Balanced fund
Past Returns: 2.56%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.05%

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

Aker BP Asa 0.06%
Alliant Energy Corp 0.02%
Alliant Energy Corporation 0.05%
Anglo American PLC 0.02%
Apa Group 0.02%
Apt Pipelines Ltd 4.25% Due 07-15-2027 0.01%
Atmos Energy Corp 0.06%
BHP Group PLC 0.04%
Bkw AG 0.03%
BP Cap Mkts Amer Fixed 3.017% Due 01-16-2027 0.02%
Clp Holdings Limited Hkd 0.03%
Cnooc Ltd 0.02%
Coca Cola Co USD 0.02%
Conocophillips 0.01%
Dominion Energy Inc Com 0.09%
E.On Se 0% Snr 18/12/23 Eur1000'66' 0.01%
E.On Se Mtn .25% 24/10/2026 0.02%
Emera Inc 0.04%
Enbridge Energy Partners Lp 0.04%
Enbridge Inc 0.06%
Enel Spa 0.02%
Eneos Holdings Inc 0.01%
Engie Aug5 0.02%
Engie SA Mtn .375% 11/06/2027 0.01%
Equinor Asa 2.375% Due 05-22-2030 Reg 0.01%
Evergy Inc Com Npv 0.02%
Gazprom PJSC Spon Adr 0.01%
Genesis Energy Ltd 0.09%
Guangdong Investment Limited 0.06%
Hk Electric Investments Ltd 0.01%
Itochu Corp Jpy 0.02%
Jastrzebska Spolka Pln5 Ordinary Shares 0.01%
Kinder Morgan Inc 1.5% Due 03-16-2022 0.01%
Koninklijke Vopak Nv 0.05%
Lyondellbasell Industries 0.04%
Marathon Oil Corp 0.01%
Marathon Petrol Com 0.01%
Midamerican Energy 6.125% Due 04-01-2036 0.01%
Naturgy Finance B. 1.5% Gtd Snr 29/01/2028 EUR 0.01%
New World Development Co Ltd 0.05%
Nextera Energy Cap Fixed 2.75% Due 05-01-2025 0.01%
Nextera Energy Inc 0.12%
Nextera Energy Inc Common Stock USD.01 0.02%
Novatek PJSC 0.01%
Nrg Energy Inc 0.01%
Oneok Partners L P 3.375% Due 10-01-2022 0.01%
Orix Corporation Jpy50 0.02%
Orsted A/S Common Stock Dkk10.0 0.05%
Ovintiv Inc 0.01%
Petroleo Brasileiro Petrobras SA 0.02%
Phillips 66 Com Usd0.01 0.02%
Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.01%
Rio Tinto Fin Usa 5.2 Due 11-02-2040 0.02%
Rio Tinto Limited 0.07%
Rio Tinto PLC Ord 10P Gbp 0.06%
Rubis Eur1.25 0.09%
Saudi Arabian Oil 3.5% Snr Mtn 16/04/2029 USD 0.02%
Snam Spa 0.03%
Sumitomo Corp Jpy 0.01%
Tatneft PJSC Ads 0.01%
Teekay Lng Partners Lp 0.01%
Vale SA 0.03%
Valero Energy Corp 0.02%
Wec Energy Group Inc 0.04%
Weyerhaeuser Co USD 0.01%
Xcel Energy Inc 0.05%
Xcel Energy Inc 2.6% Due 12-01-2029 0.01%
Xcel Energy Inc 3.5% Due 12-01-2049 0.01%
Xcel Energy Inc. 0.05%

Weapons

Amphenol Corp-Cl A 0.07%
Howmet Aerospace I Com USD 0.02%
Perspecta Inc 0.01%
Transdigm Group Inc 0.04%

Tobacco

Alimentation Couche-Tard 2.95% Due 01-25-2030 Beo 0.01%
Casey'S General Stores Inc 0.04%
Seven & I Holdings Co Ltd 0.02%

Gambling

Aristocrat Leisure Ltd 0.06%
Churchill Downs Incorporated 0.01%
Golden Entertainment Inc 0.01%
Las Vegas Sands Corp 0.02%
Mgm Growth Properties Llc 0.01%
Penn National Gaming Inc 0.01%
Playtech Ord Npv 0.01%
Red Rock Resorts Inc 0.01%
Skycity Entertainment Group Limited 0.13%
Vici Properties Inc 0.03%

Alcohol

Ambev SA Com Npv 0.01%
Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.02%
Anheuser-Busch Inbev SA/Nv 0.04%
Beijing Enterprises Holdings Limited 0.01%
Treasury Wine Estates Limited 0.04%
Want Want China Holdings Ltd 0.01%

Palm Oil

GMOs

Human Rights & Environmental Violations

BHP Group PLC 0.04%
Chemours Co 0.02%
Johnson & Johnson Com US$1 0.20%
Johnson + Johnson Common Stock Usd1.0 0.03%
Mmc Norilsk Nickel Adr 0.01%
Nestle SA 0.14%
Petroleo Brasileiro Petrobras SA 0.02%
Rio Tinto Fin Usa 5.2 Due 11-02-2040 0.02%
Rio Tinto Limited 0.07%
Rio Tinto PLC Ord 10P Gbp 0.06%
Sempra Energy USD 0.05%
Vale SA 0.03%

Animal Testing

Celanese Corp Series A 0.020%
Central Glass Co Ltd 0.010%
Chemours Co 0.020%
Chr Hansen Holding A/S Common Stock Dkk10. 0.020%
Church & Dwight Co 0.040%
Clorox Co Del 0.040%
Coca Cola Co USD 0.020%
Colgate Palmolive Usd1 0.050%
Colgate-Palmolive Co 4% Due 08-15-2045 0.010%
Danone Common Stock EUR.25 0.010%
Dow Chemical Co 0.5% Snr 15/03/27 Eur100000 0.020%
Dow Inc 0.020%
Eastman Chemical Com 0.020%
Ecolab Inc 2.7% Due 11-01-2026 0.010%
Ecolab Inc Common Stock Usd1.0 0.050%
Estee Lauder Companies Cl A Common Stock USD.01 0.010%
General Mills Inc 0.040%
Glaxosmithkline 6.375% Due 05-15-2038 0.010%
Glaxosmithkline PLC 0.060%
Hanwha Solutions Corp 0.010%
Henkel AG & Co Kgaa Non Vtg Pref 0.040%
Hermes International 0.030%
Intl Flavors & Fragrances USD 0.060%
Johnson & Johnson Com US$1 0.200%
Johnson + Johnson Common Stock Usd1.0 0.030%
Kellogg Company 0.030%
Kikkoman Corporation Jpy 0.020%
Kimberly Clark 6.625% Due 08-01-2037 0.010%
Kimberly Clark Corp Com Usd1.25 0.040%
Koninklijke Dsm Nv Common Stock Eur1.5 0.030%
Kraft Heinz Co Com Usd0.01 0.030%
Kronos Worldwide Inc 0.010%
L'Oreal 0.010%
Linde Finance Bv 0.25% Gtd Snr 19/05/27 EUR 0.010%
Linde PLC 0.010%
Linde PLC Common Stock EUR.001 0.020%
Lyondellbasell Industries 0.040%
Mitsui Chemicals Inc 0.010%
Mosaic Co Com 0.020%
Nestle SA 0.140%
Nu Skin Enterprises Inc - Class A 0.010%
Orkla Asa 0.020%
Pepsico Inc Cap US$0.01 2/3 0.070%
Praxair Inc Nt 2% 08-10-2050 0.010%
Procter & Gamble Company 0.110%
Procter + Gamble Co/The Common Stock 0.020%
Pvtpl Air Liquide Fin S A Fixed 2.25% 09-10-2029 0.010%
Reckitt Benckiser 0.375% Gtd Snr 19/05/26 EUR 0.020%
Rpm International Inc 0.020%
Seven & I Holdings Co Ltd 0.020%
Symrise AG Common Stock 0.050%
Syngenta Finance Nv 0.040%
Trinseo SA 0.030%
Unicharm Corp Common Stock 0.010%
Unilever Nv Common Stock EUR.16 0.020%
Unilever PLC 0.020%
Unilever PLC Common Stock Gbp.0311 0.030%
Usana Helath Sciences Inc 0.020%
Wd 40 Co 0.010%
Xerox Hldgs Corp Com Usd1.00 0.030%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 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, Sustainalytics and research organisations.

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.

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 -2.86% -3.0%
2019 4.44% 4.74%
2018 4.90% 5.93%
2017 5.60% 6.62%

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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • AMP Capital Investors NZ Cash Fund
    New Zealand Cash and Equivalents
    3.13%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    2.94%
  • First State Investments Global Listed Infrastructure Fund
    New Zealand Other
    1.73%
  • Fisher & Paykel Healthcare Corporation
    New Zealand Australasian Equities
    1.7%
  • Aviva Investors Multi-Strategy Fixed Income Fund
    Australia Int Fixed Interest
    1.57%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    1.18%
  • New Zealand Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.1%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    1.0%
  • New Zealand Government Bond 3.5% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    0.95%
  • New Zealand Government Bond 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    0.88%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 4.0% 4.71%
New Zealand Fixed Interest 10.0% 9.84%
International Fixed Interest 26.0% 25.12%
Australasian Equities 12.5% 11.09%
International Equities 35.5% 34.35%
Listed Properties 3.0% 2.9%
Unlisted Properties 3.0% 2.77%
Other 6.0% 9.22%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.21%
  • Animal Testing:
    2.33%
  • Fossil Fuels:
    2.72%
  • Gambling:
    0.32%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    0.83%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.07%
  • Weapons:
    0.17%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 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, Sustainalytics 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 in a wide range of assets. May be suitable for investors who want a diversified investment with exposure to shares real assets alternative assets fixed interest and cash who are comfortable with a higher degree of volatility in returns than can be expected from the Moderate fund and who can invest for the long term. Mercer is one of the world’s leading firms for superannuation and investments with over 23,000 colleagues worldwide helping ensure sustainable returns 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 $24M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Fri Oct. 9th 2015
Total annual fund fees 1.05%
Total performance based fees 0.0%
Manager's basic fee 0.81%
Administration charges 0.24%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Kristen Kohere-Soutar

Currently: Chair - Mercer (N.Z.) Ltd (0 years, 10 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (3 years, 1 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (11 years, 7 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer Pacific Mercer Australia (Pty) Ltd (2 years, 11 months)
Previously: Senior Manager Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Ronan Mccabe

Currently: Acting Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (0 years, 1 months)
Previously: Head of Portfolio Management Delegated Solutions Pacific Mercer Australia (Pty) Ltd (current) (1 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.