Mercer Shares Fund

Mindful Fund

Type: Aggressive fund

Past Returns: 3.28%

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

Annual Fees: 1.11%

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

Allete Inc 0.01%
Anglo American Platinum Limited 0.01%
Anglo American PLC 0.05%
Anglo American PLC (SA Line) 0.01%
Atco Ltd 0.04%
BHP Group Limited Ordinary Fully Paid 0.09%
BHP Group PLC 0.16%
Canadian Utilities Ltd A 0.02%
Chevron Corp 0.03%
China Petroleum & Chemical 0.05%
Clp Holdings Limited Hkd 0.10%
Cnooc Ltd 0.03%
Dte Energy Co USD 0.03%
Enagas 0.01%
Energy Transfer Eq Com Units Rep Ltd Ptn 0.03%
Engie Aug5 0.10%
Engie Brasil Energia SA 0.01%
Eni Spa 0.02%
Enterprise Products Partners Lp 0.05%
Eog Resources Inc 0.06%
Equinor Asa 0.02%
Exxon Mobil Corporation 0.04%
Gazprom PJSC Spon Adr 0.05%
Geopark Ltd 0.01%
Golar Lng Partners Lp Units 0.01%
Gs Holdings Corp 0.02%
Hokkaido Electric Power Co 0.03%
Idemitsu Kosan Co Ltd 0.03%
Inpex Corporation 0.01%
Kirby Corp 0.07%
Kunlun Energy Company Limited 0.02%
Lyondellbasell Industries 0.06%
Marathon Petrol Com 0.02%
Misc Bhd 0.01%
Nextera Energy Partners Lp 0.04%
Novatek PJSC 0.03%
Oao Gazprom Spon Adr Reg S 0.04%
OMV AG 0.03%
Petrochina Co Ltd H 0.04%
Petroleo Brasileiro Petrobras SA 0.03%
Petronas Gas Berhad 0.01%
Phillips 66 Com Usd0.01 0.05%
Ptt Public Company Thb10 0.02%
Public Power Corp 0.01%
Repsol SA 0.03%
Royal Dutch Shell PLC - A Shares 0.04%
Royal Dutch Shell PLC-A Shs 0.02%
Royal Dutch Shell PLC-B Shs 0.07%
Rubis Eur1.25 0.27%
Shikoku Electric Power Company Incorpora 0.03%
Sm Energy Company 0.03%
Snam Spa 0.07%
Suez 0.05%
Sunoco Lp 0.01%
Tatneft PJSC Ads 0.02%
Tc Pipelines Lp 0.01%
Teekay Lng Partners Lp 0.04%
Tenaga Nasional Berhad 0.02%
Total SA 0.11%
Valero Energy Corp 0.04%
Woodside Petroleum Ltd 0.02%
Wpx Energy Inc Com 0.02%

Weapons

Axon Enterprise I Com USD 0.00001 0.05%
Caci International Inc - Class A 0.02%
Raytheon Company 0.14%
Rheinmetall AG 0.02%

Gambling

Churchill Downs Incorporated 0.03%
Evolution Gaming Group Ab 0.03%
Playtech Ord Npv 0.02%
Sands China Limited 0.03%
Skycity Entertainment Group Limited 0.27%

Alcohol

Ambev SA Com Npv 0.02%
Beijing Enterprises Holdings Limited 0.01%
Brown Forman Corp 0.02%
Carlsberg As - B 0.11%
Constellation Brands Inc-A 0.03%
Diageo Ord 28 101/108P 0.13%
Metcash Limited 0.02%
Pernod-Ricard SA 0.16%
Shanxi Xinghuacun Fen Wine Factory Co Ltd 0.01%
Tsingtao Brewery Company Limited 0.02%
Want Want China Holdings Ltd 0.03%
Wuliangye Yibin Co Ltd 0.01%

Palm Oil

GMOs

Basf Se 0.03%
Bayer AG 0.04%
Novartis Adr Sponsored 0.04%
Novartis AG - Chf0.50 (Regd) 0.83%
Novozymes A/S Ser`B`Dkk2 0.03%

Human Rights & Environmental Violations

BHP Group Limited Ordinary Fully Paid 0.09%
BHP Group PLC 0.16%
Centerra Gold Inc 0.03%
Chevron Corp 0.03%
Jbs SA 0.01%
Johnson & Johnson Com US$1 0.48%
Nestle SA 0.23%
Petrochina Co Ltd H 0.04%
Petroleo Brasileiro Petrobras SA 0.03%
Rio Tinto Limited 0.22%
Rio Tinto PLC 0.04%
Rio Tinto PLC Ord 10P Gbp 0.14%
Royal Dutch Shell PLC - A Shares 0.04%
Royal Dutch Shell PLC-A Shs 0.02%
Royal Dutch Shell PLC-B Shs 0.07%
Tokyo Electric Power Company Holdings Incorporated 0.04%
Vale SA 0.06%

Animal Testing

Albermarle Corp 0.050%
Basf Se 0.030%
Bayer AG 0.040%
Bic 0.010%
Chevron Corp 0.030%
Church & Dwight Co 0.020%
Clorox Co Del 0.040%
Coca Cola Co USD 0.270%
Coca Cola Femsa Sab De Cv 0.010%
Coca-Cola Femsa S.Units 0.020%
Colgate Palmolive Usd1 0.100%
Estee Lauder Companies 0.010%
Glaxosmithkline PLC 0.140%
Henkel AG & Co Kgaa 0.030%
Henkel AG & Co Kgaa Non Vtg Pref 0.020%
Johnson & Johnson Com US$1 0.480%
Kikkoman Corporation Jpy 0.020%
Kimberly Clark Corp Com Usd1.25 0.060%
Kimberly Clark De Mexico A 0.030%
L'Oreal 0.040%
Mitsui Chemicals Inc 0.030%
Nestle SA 0.230%
Novozymes A/S Ser`B`Dkk2 0.030%
Nu Skin Enterprises Inc - Class A 0.020%
Orica Limited 0.030%
Pepsico Inc Cap US$0.01 2/3 0.220%
PPG Industries Inc 0.020%
Procter & Gamble Company 0.270%
Reckitt Benckiser Group PLC 0.130%
Royal Dutch Shell PLC - A Shares 0.040%
Royal Dutch Shell PLC-A Shs 0.020%
Royal Dutch Shell PLC-B Shs 0.070%
Solvay SA Belgian Bef 0.010%
Unilever Nv 0.050%
Unilever Nv Eur0.16 0.050%
Unilever PLC 0.070%
Usana Helath Sciences Inc 0.050%
Victrex PLC 0.020%
Walgreens Boots Al Com Usd0.01 0.060%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 and research organisations.

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	-7.57%	-7.29%
2019	10.01%	6.32%
2018	7.40%	10.81%
2017	9.64%	11.86%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

The A2 Milk Company Limited
New Zealand Australasian Equities

3.63%
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities

3.62%
BNP Paribas New Zealand Dollar Account
New Zealand International Equities NA

2.16%
AMP Capital Investors NZ Cash Fund
New Zealand Cash and Equivalents

1.83%
BNP Paribas US Dollar Account
United States International Equities

1.67%
Spark New Zealand Limited
New Zealand Australasian Equities

1.61%
Microsoft Corp.
United States International Equities

1.4%
Contact Energy Limited
New Zealand Australasian Equities

1.39%
Mainfreight Limited
New Zealand Australasian Equities

1.2%
Westpac Business Interest Account
New Zealand Cash and Equivalents AA-

1.1%

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

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	0.0%	3.56%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	0.0%	0.0%
Australasian Equities	26.0%	24.04%
International Equities	74.0%	72.4%
Listed Properties	0.0%	0.0%
Unlisted Properties	0.0%	0.0%
Other	0.0%	0.0%
Commodities	0.0%	0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 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:

0.64%
Animal Testing:

2.90%
Fossil Fuels:

2.72%
Gambling:

0.40%
GMOs:

0.96%
Human Rights & Environmental Violations:

1.75%
Palm Oil:

0.01%
Tobacco:

0.00%
Weapons:

0.26%

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 almost entirely in the share market. May be suitable for investors seeking exposure mostly to shares and who are comfortable with a high level of volatility in 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	$3.1M NZD
Period of data report	Tue June 30th 2020
Members	Not provided
Fund started	Fri Oct. 9th 2015
Total annual fund fees	1.11%
Total performance based fees	0.0%
Manager's basic fee	0.89%
Administration charges	0.22%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Kristen Kohere-Soutar	Currently: Chair - Mercer (N.Z.) Ltd (0 years, 4 months) Previously: Director - Mercer (N.Z.) Ltd (current) (2 years, 7 months)
Martin Lewington	Currently: CEO - Mercer (N.Z.) Ltd (11 years, 1 months) Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)
Philip Houghton-Brown	Currently: Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (7 years, 8 months) Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)
Kylie Willment	Currently: Chief Investment Officer Pacific Mercer Australia (Pty) Ltd (2 years, 5 months) Previously: Senior Manager Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)
Ronan Mccabe	Currently: Head of Portfolio Management Delegated Solutions Pacific Mercer Australia (Pty) Ltd (1 years, 0 months) Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.