Mercer Flexisaver Growth Fund

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Mindful Fund
Type: Growth fund
Past Returns: 2.63%

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

Annual Fees: 1.1%

Annual fees, including management and administration fees, but not membership 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 0.03%
Alliant Energy Corp 0.02%
Alliant Energy Corporation 0.06%
Anglo American PLC 0.03%
Anglo American PLC (SA Line) 0.01%
Apa Group 0.03%
Apache Corp 0.01%
Atmos Energy Corp 0.08%
BHP Group PLC 0.05%
Bkw AG 0.04%
China Petroleum & Chemical 0.01%
Clp Holdings Limited Hkd 0.05%
Cnooc Ltd 0.02%
Coca Cola Co USD 0.03%
Conocophillips 0.02%
Cosmo Energy Holdings Co Ltd 0.01%
Dominion Energy Inc 0.01%
Dominion Energy Inc Com 0.11%
Drax Group PLC 0.01%
Emera Inc 0.05%
Enbridge Energy Partners Lp 0.02%
Enbridge Inc 0.08%
Enel Spa 0.03%
Eneos Holdings Inc 0.02%
Engie Aug5 0.03%
Engie Brasil Energia SA 0.01%
Evergy Inc Com Npv 0.03%
Gazprom PJSC Spon Adr 0.02%
Genesis Energy Ltd 0.12%
Guangdong Investment Limited 0.08%
Hk Electric Investments Ltd 0.02%
Hokkaido Electric Power Co 0.01%
Itochu Corp Jpy 0.03%
Jastrzebska Spolka Pln5 Ordinary Shares 0.02%
Koninklijke Vopak Nv 0.07%
Lyondellbasell Industries 0.06%
Marathon Oil Corp 0.02%
Marathon Petrol Com 0.02%
Murphy Oil Corp 0.01%
Nextera Energy Inc 0.15%
Nextera Energy Inc Common Stock USD.01 0.03%
Novatek PJSC 0.02%
Nrg Energy Inc 0.02%
Orix Corporation Jpy50 0.02%
Orsted A/S Common Stock Dkk10.0 0.07%
Ovintiv Inc 0.02%
Petroleo Brasileiro Petrobras SA 0.03%
Phillips 66 Com Usd0.01 0.02%
Ptt Public Company Thb10 0.01%
Public Power Corp 0.01%
Rio Tinto Limited 0.10%
Rio Tinto PLC Ord 10P Gbp 0.08%
Royal Dutch Shell PLC-B Shs 0.01%
Rubis Eur1.25 0.12%
Saudi Arabian Oil 0.01%
Snam Spa 0.04%
Sojitz Corporation 0.01%
Sumitomo Corp Jpy 0.02%
Tatneft PJSC Ads 0.02%
Teekay Lng Partners Lp 0.02%
Tenaga Nasional Berhad 0.01%
Total Se 0.01%
Vale SA 0.04%
Valero Energy Corp 0.02%
Wec Energy Group Inc 0.04%
Xcel Energy Inc 0.06%
Xcel Energy Inc. 0.05%

Weapons

Amphenol Corp-Cl A 0.10%
Howmet Aerospace I Com USD 0.02%
Lear Corp 0.01%
Perspecta Inc 0.02%
Rheinmetall AG 0.01%
Transdigm Group Inc 0.05%

Tobacco

Casey'S General Stores Inc 0.05%
Seven & I Holdings Co Ltd 0.04%

Gambling

Aristocrat Leisure Ltd 0.07%
Churchill Downs Incorporated 0.02%
Golden Entertainment Inc 0.02%
Las Vegas Sands Corp 0.02%
Mgm Growth Properties Llc 0.01%
Penn National Gaming Inc 0.02%
Playtech Ord Npv 0.02%
Red Rock Resorts Inc 0.02%
Skycity Entertainment Group Limited 0.17%
Vici Properties Inc 0.04%

Alcohol

Ambev SA Com Npv 0.02%
Anheuser-Busch Inbev SA/Nv 0.02%
Beijing Enterprises Holdings Limited 0.01%
Metcash Limited 0.01%
Treasury Wine Estates Limited 0.06%
Want Want China Holdings Ltd 0.01%

Palm Oil

Human Rights & Environmental Violations

BHP Group PLC 0.05%
Centerra Gold Inc 0.01%
Chemours Co 0.03%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.01%
Freeport Mcmoran Inc 0.01%
Johnson & Johnson Com US$1 0.29%
Johnson + Johnson Common Stock Usd1.0 0.04%
Mmc Norilsk Nickel Adr 0.02%
Nestle SA 0.20%
Petroleo Brasileiro Petrobras SA 0.03%
Rio Tinto Limited 0.10%
Rio Tinto PLC Ord 10P Gbp 0.08%
Royal Dutch Shell PLC-B Shs 0.01%
Sempra Energy USD 0.07%
Tokyo Electric Power Company Holdings Incorporated 0.01%
Vale SA 0.04%

Animal Testing

Air Liquide 0.010%
Celanese Corp Series A 0.030%
Central Glass Co Ltd 0.020%
Chemours Co 0.030%
Chr Hansen Holding A/S Common Stock Dkk10. 0.030%
Church & Dwight Co 0.060%
Clorox Co Del 0.060%
Coca Cola Co USD 0.030%
Colgate Palmolive Usd1 0.070%
Croda International PLC Common Stock Gbp.1060976 0.010%
Danone Common Stock EUR.25 0.020%
Dow Chemical Co 0.5% Snr 15/03/27 Eur100000 0.010%
Dow Inc 0.030%
Earth Corporation Npv 0.010%
Eastman Chemical Com 0.030%
Ecolab Inc Common Stock Usd1.0 0.070%
Estee Lauder Companies Cl A Common Stock USD.01 0.020%
General Mills Inc 0.060%
Givaudan Reg Common Stock Chf10.0 0.010%
Glaxosmithkline PLC 0.090%
Hanwha Solutions Corp 0.020%
Henkel AG & Co Kgaa Non Vtg Pref 0.060%
Hermes International 0.040%
Hokuto Corp 0.010%
Intl Flavors & Fragrances USD 0.080%
Johnson & Johnson Com US$1 0.290%
Johnson + Johnson Common Stock Usd1.0 0.040%
Kellogg Company 0.040%
Kikkoman Corporation Jpy 0.030%
Kimberly Clark Corp Com Usd1.25 0.070%
Koninklijke Dsm Nv Common Stock Eur1.5 0.050%
Kraft Heinz Co Com Usd0.01 0.040%
Kronos Worldwide Inc 0.020%
L'Oreal 0.020%
Lenzing AG Common Stock 0.010%
Lg Household Health Care 0.010%
Linde PLC 0.020%
Linde PLC Common Stock EUR.001 0.030%
Lyondellbasell Industries 0.060%
Marico Ltd Common Stock Inr1. 0.010%
Mitsui Chemicals Inc 0.010%
Mondelez International Inc 0.010%
Mosaic Co Com 0.020%
Nestle SA 0.200%
Novozymes A/S B Shares Common Stock Dkk2.0 0.010%
Nu Skin Enterprises Inc - Class A 0.020%
Orkla Asa 0.030%
Pepsico Inc Cap US$0.01 2/3 0.100%
Phosagro PJSC Gdr 0.010%
Procter & Gamble Company 0.160%
Procter + Gamble Co/The Common Stock 0.020%
Reckitt Benckiser 0.375% Gtd Snr 19/05/26 EUR 0.010%
Reckitt Benckiser Group PLC 0.010%
Royal Dutch Shell PLC-B Shs 0.010%
Rpm International Inc 0.020%
Seven & I Holdings Co Ltd 0.040%
Stepan Co 0.010%
Symrise AG Common Stock 0.070%
Syngenta Finance Nv 0.020%
Tate & Lyle PLC Gbp 0.010%
Trinseo SA 0.050%
Unicharm Corp Common Stock 0.020%
Unilever Nv Common Stock EUR.16 0.020%
Unilever Nv Eur0.16 0.010%
Unilever PLC 0.030%
Unilever PLC Common Stock Gbp.0311 0.040%
Usana Helath Sciences Inc 0.040%
Wd 40 Co 0.020%
Xerox Hldgs Corp Com Usd1.00 0.040%

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.

Please note that companies may breach more than one of these areas of concern.

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 -4.35% -5.2%
2019 6.14% 5.31%
2018 7.69% 7.77%
2017 8.26% 9.17%

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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.02%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    1.96%
  • First State Investments Global Listed Infrastructure Fund
    New Zealand Other
    1.92%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    1.3%
  • BNP Paribas US Dollar Account
    United States International Equities
    1.11%
  • Aviva Investors Multi-Strategy Fixed Income Fund
    Australia Int Fixed Interest
    1.07%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    1.03%
  • BNP New Zealand Dollar Custodial Account Growth Portfolio
    New Zealand Cash and Equivalents
    0.93%
  • Mainfreight Limited
    New Zealand Australasian Equities
    0.85%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    0.84%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 3.7%
New Zealand Fixed Interest 5.0% 4.77%
International Fixed Interest 14.0% 12.52%
Australasian Equities 15.5% 14.32%
International Equities 50.5% 48.86%
Listed Properties 3.5% 3.45%
Unlisted Properties 3.5% 2.9%
Other 7.0% 9.48%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 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:
    0.20%
  • Animal Testing:
    3.14%
  • Fossil Fuels:
    3.11%
  • Gambling:
    0.42%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.11%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.10%
  • Weapons:
    0.25%

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 mainly in growth assets such as shares real assets and alternative assets with only a limited amount in cash and fixed interest. May be suitable for investors wanting to invest mostly in growth assets who are comfortable accepting more volatile returns than those expected from the Balanced fund with a view to achieving higher longer-term returns. 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 $39M NZD
Period of data report Thu Dec. 31st 2020
Fund started Fri Oct. 9th 2015
Total annual fund fees 1.1%
Total performance based fees 0.0%
Manager's basic fee 0.86%
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 (1 years, 1 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (3 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (11 years, 10 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer Pacific Mercer Australia (Pty) Ltd (3 years, 2 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, 4 months)
Previously: Head of Portfolio Management Delegated Solutions Pacific Mercer Australia (Pty) Ltd (current) (1 years, 9 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.