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%
    • Nestle SA-Reg 0.14%
    • Motorola Solutions Inc 0.13%
    • Johnson & Johnson 0.09%
    • Thermo Fisher Scientific Inc 0.09%
    • Nestle Holdings Inc 0.08%
    • Alstom 0.05%
    • Wells Fargo & Company 0.04%
    • First Intl Bank Israel 0.03%
    • Petrochina Co Ltd-H 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
    • Bank Hapoalim Bm 0.02%
    • Credit Suisse Group AG 0.02%
    • Meta Platforms Inc 0.02%
    • Zte Corp-A 0.02%
    • Caterpillar Inc 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
    • Wells Fargo & Co 0.01%
    • Chevron Corp 0.15% !!
      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 0.13% !!
      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 0.08%
    • Bayer AG-Reg 0.06%
    • Vale SA 0.05%
    • Duke Energy Corp 0.03%
    • Syngenta Finance Nv 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
    • BHP Group 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
    • Posco 0.01%
    • Procter & Gamble Co/The 0.16%
    • Chevron Corp 0.15% !!
      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 0.13% !!
      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 0.11%
    • Koninklijke Ahold Delhaize N 0.11%
    • Eni Spa 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
    • Air Liquide SA 0.08%
    • Exxon Mobil Corp 0.08% !!
      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
    • Bayer AG-Reg 0.06%
    • Colgate-Palmolive Co 0.06%
    • Ecolab Inc 0.06%
    • Celanese US Holdings Llc 0.05%
    • Church & Dwight Co Inc 0.05%
    • Intl Flavor & Fragrances 0.05%
    • Kimberly-Clark Corp 0.05%
    • LVMH Moet Hennessy Louis Vui 0.05%
    • Hermes International 0.04%
    • Nomad Foods Ltd 0.04%
    • Orbia Advance Corp Sab 0.04%
    • Capri Holdings Ltd 0.03%
    • Clorox Company 0.03%
    • Croda International PLC 0.03%
    • Estee Lauder Companies-Cl A 0.03%
    • L'Oreal 0.03%
    • Syngenta Finance Nv 0.03%
    • Otsuka Holdings Co Ltd 0.02%
    • Ralph Lauren Corp 0.02%
    • Sherwin-Williams Co/The 0.02%
    • Symrise AG 0.02%
    • Tapestry Inc 0.02%
    • Unilever PLC 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
    • Huntsman Corp 0.01%
    • Intl Flavors & Fragrances 0.01%
    • PPG Industries Inc 0.01%
    • Rpm International Inc 0.01%
    • Westlake Corp 0.01%
    • Zf Europe Finance Bv 0.01%
    • Daikin Industries Ltd 0.05%
    • Mtu Aero Engines AG 0.05%
    • Indra Sistemas SA 0.03%
    • Sojitz Corp 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
    • Contact Energy Ltd 0.78% 1.5°C
      This company is on a 1.5°C pathway
    • Chevron Corp 0.15% !!
      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
    • Engie 0.15% !!
      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 0.15%
    • Shell PLC 0.13% !!
      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
    • Total SA 0.13%
    • Orsted A/S 0.11% 1.5°C
      This company is on a 1.5°C pathway
    • Eni Spa 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
    • Canadian Natural Resources 0.08% !!
      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
    • Exxon Mobil Corp 0.08% !!
      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
    • Public Service Enterprise Gp 0.08%
    • BP PLC 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
    • Centerpoint Energy Inc 0.07%
    • Enel Spa 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Iberdrola SA 0.07% 1.5°C
      This company is on a 1.5°C pathway
    • Meg Energy Corp 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
    • Mitsui & Co Ltd 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
    • Dominion Energy Inc 0.06%
    • Enel Finance Intl Nv 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • National Grid PLC 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
    • Nextera Energy Capital 0.06%
    • Xcel Energy Inc 0.06%
    • Alliant Energy Corp 0.05%
    • Jefferies Financial Group In 0.05%
    • Vale SA 0.05%
    • Cnx Resources 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
    • E.On Se 0.04%
    • National Grid Na Inc 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
    • OMV AG 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
    • Portland General Electric Co 0.04%
    • Santos Finance Ltd 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
    • Snam Spa 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
    • A2A Spa 0.03%
    • Aker BP Asa 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
    • American Electric Power 0.03%
    • Atlantica Sustainable Infras 0.03%
    • Cosmo Energy Holdings Co Ltd 0.03%
    • Duke Energy Corp 0.03%
    • Genesis Energy Ltd 0.03%
    • 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
    • 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
    • Pbf Energy Inc-Class A 0.03%
    • 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
    • Petrochina Co Ltd-H 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
    • Public Service Enterpris 0.03%
    • Repsol SA 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
    • Sojitz Corp 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
    • Viva Energy Group Ltd 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
    • Alpha Metallurgical Resource 0.02%
    • Apa Infrastructure 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
    • 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
    • BHP Group 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
    • Consolidated Edison Inc 0.02%
    • Hera Spa 0.02%
    • Hk Electric Investments -Ss 0.02%
    • Jizhong Energy Resources-A 0.02%
    • Korea Midland Power Co 0.02%
    • Marathon Petroleum Corp 0.02%
    • Marubeni 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
    • Occidental Petroleum Cor 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
    • Oci Nv 0.02%
    • Pinnacle West Capital 0.02%
    • Williams Cos 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
    • Ampol Ltd 0.01%
    • Birchcliff Energy Ltd 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
    • Cheniere Corp Christi Hd 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
    • Cheniere 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
    • 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
    • Electricite De France SA 0.01%
    • Enbridge 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
    • Enerplus 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
    • Galaxy Pipeline Assets 0.01%
    • Itochu Enex Co Ltd 0.01%
    • Mitsubishi Materials Corp 0.01%
    • Nippon Yusen Kk 0.01%
    • Oneok Inc 0.01%
    • Pembina Pipeline 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
    • Phillips 66 0.01%
    • Saudi Arabian Oil Co 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
    • Sgsp Australia Assets 0.01%
    • Silverbow Resources 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
    • Targa Resources Corp 0.01%
    • Targa Resources Partners 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 30th Sept. 2023 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 growth assets such as shares and real assets with about 40% invested in defensive assets such as fixed interest and cash. May be suitable for investors who want a diversified investment with exposure to shares, real 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, 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 $27.1M NZD
Period of data report 30th Sept. 2023
Fund started 9th Oct. 2015
Total annual fund fees 1.03%
Total performance based fees 0.0%
Manager's basic fee 0.81%
Other management and administration charges 0.22%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (0 years, 5 months)
Previously: Director - Mercer Investments (Australia) Limited (current) (10 years, 1 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (14 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 (5 years, 11 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 (1 years, 4 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 (9 years, 6 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 Sept. 2023.

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
2023 -2.59% -2.35%
2022 1.06% 1.49%
2021 18.16% 17.8%
2020 -1.83% -3.0%
2019 4.49% 4.74%
2018 4.41% 5.93%
2017 5.71% 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 30th Sept. 2023.

Top 10 Investments

  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    4.18%
  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    1.71%
  • New Zealand Government Bond 3.00% 20/04/2029
    New Zealand NZ Fixed Interest AAA
    1.52%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    1.23%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.23%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.13%
  • New Zealand Government Bond 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    0.93%
  • Microsoft Corporation
    United States International Equities
    0.93%
  • BNP Paribas US Dollar Account
    United States International Equities
    0.91%
  • Infratil Limited
    New Zealand Australasian Equities
    0.9%
Type Target Actual
Cash and Cash Equivalents 4.0% 4.36%
New Zealand Fixed Interest 10.0% 10.72%
International Fixed Interest 26.0% 26.16%
Australasian Equities 12.5% 12.0%
International Equities 35.5% 34.11%
Listed Properties 3.0% 3.71%
Unlisted Properties 3.0% 2.96%
Other 6.0% 5.98%
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 Sept. 2023.