Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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
Apt Pipelines Ltd 150727 4.25 Cb 0.10%
Cheniere Energy Inc 0.01%
Coca Cola Co 090341 1.00 Cb 0.06%
Coca Cola Co USD 0.04%
Enbridge Inc 0.02%
Israel Electric Corp Ltd 140828 4.25 Cb 0.02%
Kinder Morgan Inc 160322 1.50 Cb 0.02%
Korea Gas Corp 120224 3.875 Cb 0.02%
Marathon Petrol Com 0.02%
Naturgy Finance Bv 290128 1.50 Cb 0.09%
Oneok Inc 0.01%
Oneok Partners Lp 011022 3.375 Cb 0.08%
Pembina Pipeline 0.01%
Petroleos Mexicanos 020622 8.25 Cb 0.01%
Phillips 66 060423 3.70 Cb 0.06%
Phillips 66 Com Usd0.01 0.01%
Reliance Industries Ltd 301127 3.667 Cb 0.03%
Snam Spa 120934 1.00 Cb 0.07%
Snam Spa 170630 0.75 Cb 0.01%
Valero Energy Corp 0.01%
Williams Companies Inc 0.01%
Weapons
Tobacco
Alimentation Couche Tard Inc 250130 2.95 Cb 0.02%
GMOs
Human Rights & Environmental Violations
Archer Daniels Midland Co 120925 1.00 Cb 0.01%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.01%
Johnson & Johnson Com US$1 0.07%
Johnson + Johnson Common Stock Usd1.0 0.07%
Johnson and Johnson 150837 5.95 Cb 0.03%
Nestle Holdings Inc 240948 4.00 Cb 0.10%
Nestle SA 0.05%
Rio Tinto PLC Ord 10P Gbp 0.02%
Animal Testing
Air Liquide 0.010%
Air Liquide Finance SA 100929 2.25 Cb 0.080%
Air Liquide SA Common Stock Eur5.5 0.020%
Archer Daniels Midland Co 120925 1.00 Cb 0.010%
Basf Se 0.010%
Chr Hansen Holding A/S Common Stock Dkk10. 0.020%
Clorox Co 150530 1.80 Cb 0.080%
Coca Cola Co 090341 1.00 Cb 0.060%
Coca Cola Co USD 0.040%
Croda International PLC Common Stock Gbp.1060976 0.020%
Danone Common Stock EUR.25 0.020%
Eastman Chemical Co 011228 4.50 Cb 0.010%
Eastman Chemical Co 260523 1.50 Cb 0.080%
Ecolab Inc 011126 2.70 Cb 0.070%
Ecolab Inc Common Stock Usd1.0 0.120%
Estee Lauder Companies 0.010%
Estee Lauder Companies Cl A Common Stock USD.01 0.030%
Givaudan Finance Europe Bv 220427 1.00 Cb 0.030%
Givaudan Reg Common Stock Chf10.0 0.010%
Glaxosmithkline Capital Inc 150538 6.375 Cb 0.100%
Glaxosmithkline PLC 0.010%
Hp Inc Common Stock USD.01 0.020%
Johnson & Johnson Com US$1 0.070%
Johnson + Johnson Common Stock Usd1.0 0.070%
Johnson and Johnson 150837 5.95 Cb 0.030%
Kimberly Clark Corp 010837 6.625 Cb 0.050%
Koninklijke Dsm Nv Common Stock Eur1.5 0.070%
L Oreal Common Stock EUR.2 0.040%
L'Oreal 0.020%
Lenzing AG Common Stock 0.010%
Linde PLC 0.020%
Linde PLC Common Stock EUR.001 0.050%
Marico Ltd Common Stock Inr1. 0.010%
Mondelez International Inc 0.010%
Nestle Holdings Inc 240948 4.00 Cb 0.100%
Nestle SA 0.050%
Nutrien Ltd 150325 3.375 Cb 0.080%
Pepsico Inc Cap US$0.01 2/3 0.030%
Praxair Inc 100850 2.00 Cb 0.090%
Procter & Gamble Company 0.050%
Procter + Gamble Co/The Common Stock 0.030%
Procter and Gamble Co 251047 3.50 Cb 0.030%
Reliance Industries Ltd 301127 3.667 Cb 0.030%
Symrise AG Common Stock 0.070%
Umicore Common Stock 0.010%
Unicharm Corp Common Stock 0.010%
Unilever Capital Corp 151132 5.90 Cb 0.100%
Unilever PLC 0.020%
Unilever PLC Common Stock Gbp.0311 0.050%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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 |
|---|---|---|
| 2021 | 8.21% | 6.47% |
| 2020 | -0.29% | 0.41% |
| 2019 | 4.31% | 3.4% |
| 2018 | 3.09% | 3.14% |
| 2017 | 3.28% | 3.35% |
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 March 31st 2021.
Showing the top 10 investments for this fund:
-
ANZ Bank New Zealand Rcd Maturing 17/05/2021
New Zealand Cash and Equivalents AA-5.71% -
Robeco Global Credit Fund
Australia Int Fixed Interest4.25% -
ASB Bank Ltd Bond 4.245% Maturing 26/05/2021
New Zealand Cash and Equivalents AA-2.09% -
Bank Of New Zealand Rcd Maturing 16/06/2021
New Zealand Cash and Equivalents AA-2.0% -
Bank Of New Zealand Rcd Maturing 22/06/2021
New Zealand Cash and Equivalents AA-1.85% -
Bank Of New Zealand Rcd Maturing 29/06/2021
New Zealand Cash and Equivalents AA-1.85% -
New Zealand Government Bond 0.5% 15/05/2024
New Zealand NZ Fixed Interest AA+1.83% -
New Zealand Government Bond 5.5% 15/04/2023
New Zealand NZ Fixed Interest AA+1.76% -
Westpac Business Interest Account
New Zealand Cash and Equivalents AA-1.42% -
New Zealand Government Bond 3.0% 20/04/2029
New Zealand NZ Fixed Interest AA+1.34%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 30.0% | 29.98% |
| New Zealand Fixed Interest | 15.0% | 14.7% |
| International Fixed Interest | 35.0% | 33.88% |
| Australasian Equities | 5.0% | 4.49% |
| International Equities | 11.5% | 12.52% |
| Listed Properties | 0.88% | 0.89% |
| Unlisted Properties | 0.87% | 0.77% |
| Other | 1.75% | 0.87% |
| Commodities | 0.0% | 1.9% |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.
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).
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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.00%
-
Animal Testing:2.40%
-
Fossil Fuels:0.87%
-
Gambling:0.00%
-
GMOs:0.01%
-
Human Rights & Environmental Violations:0.42%
-
Palm Oil:0.00%
-
Tobacco:0.02%
-
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 Wed March 31st 2021 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 exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.
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.
In their own words
"Invests mostly in cash and fixed interest with only limited investment in growth assets such as shares and real assets. May be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in cash. Investors need to be comfortable with the possibility of some fluctuations in returns."
| Value | $6.9M NZD |
| Period of data report | Wed March 31st 2021 |
| Fund started | Fri Oct. 9th 2015 |
| Total annual fund fees | 0.9% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.71% |
| 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 (1 years, 4 months) |
|
Martin Lewington |
Currently: CEO - Mercer (N.Z.) Ltd (12 years, 1 months) |
|
Kylie Willment |
Currently: Chief Investment Officer Pacific Mercer Australia (Pty) Ltd (3 years, 5 months) |
|
Ronan Mccabe |
Currently: Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (0 years, 7 months) |
|
Robert Kavanagh |
Currently: Portfolio Manager Mercer (N.Z.) Ltd (7 years, 0 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.
Downloads
Download the fund's disclosure statement and portfolio holdings.
