Funds

Mercer Defence Force Moderate Fund

Total Ethical Concerns: 6.33%

The average total concerns of all managed balanced funds is 8.32%.

Companies of Concern

  • Animal Cruelty 0.94%

    • Koninklijke Ahold Delhaize Nv
      0.14%
      0.14%
    • Eni 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
      0.04%
    • Exxon Mobil 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
      0.04%
    • Orbia Advance Corp. Sab De Cv
      0.04%
      0.04%
    • Celanese US Holdings Llc
      0.03%
      0.03%
    • Colgate-Palmolive Co.
      0.03%
      0.03%
    • Givaudan Finance Europe Bv
      0.03%
      0.03%
    • Hermès International Sca
      0.03%
      0.03%
    • 0.03%
    • Tyson Foods Inc
      0.03%
      0.03%
    • Bayer
      0.02%
      0.02%
    • Chevron 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
      0.02%
    • FMC Corp.
      0.02%
      0.02%
    • Huntsman Corp.
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • Shell
      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
      0.02%
    • Syngenta
      0.02%
      0.02%
    • The Dow Chemical Co.
      0.02%
      0.02%
    • Argentum Netherlands Bv
      0.01%
      0.01%
    • Dupont De Nemours
      0.01%
      0.01%
    • Eastman Chemical Co.
      0.01%
      0.01%
    • Kering SA
      0.01%
      0.01%
    • Unilever PLC
      0.01%
      0.01%
    • Yara International Asa
      0.01%
      0.01%
  • Human Rights Violations 1.24%

    • 0.46%
    • UBS
      0.12%
      0.12%
    • Rio Tinto
      0.10%
      0.10%
    • Wells Fargo
      0.10%
      0.10%
    • General Motors
      0.07%
      0.07%
    • 0.06%
    • Nestlé
      0.05%
      0.05%
    • 0.02%
    • Holcim
      0.02%
      0.02%
    • 0.02%
    • Caterpillar
      0.01%
      0.01%
    • 0.01%
    • Petrobras
      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
      0.01%
    • Zijin Mining
      0.01%
      0.01%
  • Social Harm 0.38%

  • Fossil Fuels 3.47%

    • Contact Energy Ltd.
      0.67%
      1.5°C
      This company is on a 1.5°C pathway
      0.67%
    • National Grid 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
      0.13%
    • BP
      0.12%
      !!
      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
      0.12%
    • Engie SA
      0.11%
      !!
      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
      0.11%
    • Nextera Energy, Inc.
      0.10%
      0.10%
    • Rio Tinto
      0.10%
      0.10%
    • American Electric Power Co., Inc.
      0.08%
      0.08%
    • Itochu 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
      0.08%
    • Aker BP Asa
      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
      0.07%
    • Atmos Energy Corp.
      0.07%
      0.07%
    • Duke Energy Corp
      0.07%
      0.07%
    • Dominion Energy, Inc.
      0.06%
      0.06%
    • Totalenergies Se
      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
      0.06%
    • Xcel Energy, Inc.
      0.06%
      0.06%
    • Edp-Energias De Portugal SA
      0.05%
      1.5°C
      This company is on a 1.5°C pathway
      0.05%
    • Enbridge, Inc.
      0.05%
      !!
      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
      0.05%
    • Energy Transfer Lp
      0.05%
      !!
      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
      0.05%
    • Occidental Petroleum Corp.
      0.05%
      !!
      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
      0.05%
    • Pg&E Corp
      0.05%
      0.05%
    • Targa Resources Corp.
      0.05%
      0.05%
    • BHP
      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
      0.04%
    • Consolidated Edison, Inc.
      0.04%
      0.04%
    • Enel
      0.04%
      1.5°C
      This company is on a 1.5°C pathway
      0.04%
    • Eni 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
      0.04%
    • Exxon Mobil 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
      0.04%
    • Korea Electric Power Corporation (Kepco)
      0.04%
      0.04%
    • The Williams Cos., 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
      0.04%
    • Vår Energi Asa
      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
      0.04%
    • Cez As
      0.03%
      0.03%
    • Conocophillips
      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
      0.03%
    • Diamondback Energy, 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
      0.03%
    • Fairfax Financial Holdings Ltd.
      0.03%
      0.03%
    • Mplx Lp
      0.03%
      0.03%
    • OMV AG
      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
      0.03%
    • Oneok, Inc.
      0.03%
      0.03%
    • Pinnacle West Capital Corp.
      0.03%
      0.03%
    • Portland General Electric Co.
      0.03%
      0.03%
    • Sempra Energy
      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
      0.03%
    • Snam Spa
      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
      0.03%
    • Western Midstream Partners Lp
      0.03%
      0.03%
    • Canadian Natural Resources 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
      0.02%
    • Centerpoint Energy, Inc.
      0.02%
      0.02%
    • Cheniere Energy, 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
      0.02%
    • Chevron 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
      0.02%
    • Constellation Energy Corp.
      0.02%
      0.02%
    • Enterprise Products Partners Lp
      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
      0.02%
    • Ep Infrastructure As
      0.02%
      0.02%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.02%
      0.02%
    • 0.02%
    • Jefferies
      0.02%
      0.02%
    • Kinder Morgan, 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
      0.02%
    • National Grid North America, 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
      0.02%
    • Nrg Energy, Inc.
      0.02%
      0.02%
    • Pacificorp.
      0.02%
      0.02%
    • Repsol
      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
      0.02%
    • Rwe AG
      0.02%
      0.02%
    • Shell
      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
      0.02%
    • Vier Gas Transport Gmbh
      0.02%
      0.02%
    • Wintershall Dea
      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
      0.02%
    • Électricité De France SA
      0.02%
      0.02%
    • Barrick Gold
      0.01%
      0.01%
    • Channel Infrastructure
      0.01%
      0.01%
    • Petrobras
      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
      0.01%
    • Suncor 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
      0.01%
    • The Weir Group PLC
      0.01%
      0.01%
  • Weapons 0.36%

    • Amphenol Corp.
      0.12%
      0.12%
    • Mtu Aero Engines AG
      0.11%
      0.11%
    • Rheinmetall AG
      0.05%
      0.05%
    • Dassault Aviation SA
      0.04%
      0.04%
    • 0.02%
    • Teledyne Technologies, Inc.
      0.01%
      0.01%
  • Environmental Harm 0.62%

    • Duke Energy Corp
      0.07%
      0.07%
    • Coca-Cola
      0.05%
      0.05%
    • Energy Transfer Lp
      0.05%
      !!
      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
      0.05%
    • Pg&E Corp
      0.05%
      0.05%
    • BHP
      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
      0.04%
    • PepsiCo
      0.04%
      0.04%
    • Bayer
      0.02%
      0.02%
    • Chevron 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
      0.02%
    • 0.02%
    • Danone
      0.02%
      0.02%
    • FMC Corp.
      0.02%
      0.02%
    • 0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • Shell
      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
      0.02%
    • Syngenta
      0.02%
      0.02%
    • Barrick Gold
      0.01%
      0.01%
    • Mondelez
      0.01%
      0.01%
    • Unilever PLC
      0.01%
      0.01%
    • Zijin Mining
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    Invests mainly in defensive assets such as fixed interest and cash, with about 40% in growth assets such as shares and real assets. May be suitable for investors who want to invest in a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Conservative fund.

    Value $7.51M NZD
    Period of data report 31st March 2025
    Fund started 9th Oct. 2015
    Total annual fund fees 0.95%
    Total performance based fees 0.0%
    Manager's basic fee 0.76%
    Other management and administration charges 0.19%
    Total other charges 0.0
    Total other charges currency NZD

    Ross Butler

    Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
    Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

    Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (16 years, 1 months)
    Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

    Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 5 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 (2 years, 10 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 (11 years, 0 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 31st March 2025.

  • Past Returns

    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
    2025 4.02% 4.01%
    2024 9.97% 6.87%
    2023 -2.59% -1.84%
    2022 1.06% 0.36%
    2021 18.16% 11.14%
    2020 -1.83% -1.06%
    2019 4.49% 3.86%
    2018 4.41% 4.38%
    2017 5.71% 4.68%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • Robeco Global Credits Fund

      Luxembourg Int Fixed Interest

      3.96%
    • Housing New Zealand Limited Bond 3.36% 12/06/2025

      New Zealand NZ Fixed Interest AAA

      1.97%
    • New Zealand Government Bond 3.50% 14/04/2033

      New Zealand NZ Fixed Interest AAA

      1.53%
    • New Zealand Government Bond 4.50% 15/05/2035

      New Zealand NZ Fixed Interest AAA

      1.52%
    • Fisher & Paykel Healthcare Corporation Limited

      New Zealand Australasian Equities

      1.49%
    • New Zealand Government Bond 1.50% 15/05/2031

      New Zealand NZ Fixed Interest AAA

      1.46%
    • New Zealand Government Bond 2.75% 15/04/2037

      New Zealand NZ Fixed Interest AAA

      1.41%
    • New Zealand Government Bond 1.75% 15/05/2041

      New Zealand NZ Fixed Interest AAA

      1.35%
    • New Zealand Government Bond 2.00% 15/05/2032

      New Zealand NZ Fixed Interest AAA

      1.34%
    • New Zealand Government Bond 4.25% 15/05/2036

      New Zealand NZ Fixed Interest AAA

      1.27%
    Type Target Actual
    Cash and Cash Equivalents 12.0% 12.97%
    New Zealand Fixed Interest 18.5% 19.84%
    International Fixed Interest 29.5% 29.51%
    Australasian Equities 10.0% 9.6%
    International Equities 24.5% 22.1%
    Listed Properties 0.0% 0.36%
    Unlisted Properties 2.0% 2.0%
    Other 3.5% 3.62%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 0.94% Animal Cruelty
  • 1.24% Human Rights Violations
  • 0.38% Social Harm
  • 3.47% Fossil Fuels
  • 0.36% Weapons
  • 0.62% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Koninklijke Ahold Delhaize Nv
      0.14%
      0.14%
    • Eni 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
      0.04%
    • Exxon Mobil 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
      0.04%
    • Orbia Advance Corp. Sab De Cv
      0.04%
      0.04%
    • Celanese US Holdings Llc
      0.03%
      0.03%
    • Colgate-Palmolive Co.
      0.03%
      0.03%
    • Givaudan Finance Europe Bv
      0.03%
      0.03%
    • Hermès International Sca
      0.03%
      0.03%
    • 0.03%
    • Tyson Foods Inc
      0.03%
      0.03%
    • Bayer
      0.02%
      0.02%
    • Chevron 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
      0.02%
    • FMC Corp.
      0.02%
      0.02%
    • Huntsman Corp.
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • Shell
      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
      0.02%
    • Syngenta
      0.02%
      0.02%
    • The Dow Chemical Co.
      0.02%
      0.02%
    • Argentum Netherlands Bv
      0.01%
      0.01%
    • Dupont De Nemours
      0.01%
      0.01%
    • Eastman Chemical Co.
      0.01%
      0.01%
    • Kering SA
      0.01%
      0.01%
    • Unilever PLC
      0.01%
      0.01%
    • Yara International Asa
      0.01%
      0.01%
  • Human Rights Violations

    • 0.46%
    • UBS
      0.12%
      0.12%
    • Rio Tinto
      0.10%
      0.10%
    • Wells Fargo
      0.10%
      0.10%
    • General Motors
      0.07%
      0.07%
    • 0.06%
    • Nestlé
      0.05%
      0.05%
    • 0.02%
    • Holcim
      0.02%
      0.02%
    • 0.02%
    • Caterpillar
      0.01%
      0.01%
    • 0.01%
    • Petrobras
      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
      0.01%
    • Zijin Mining
      0.01%
      0.01%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.67%
      1.5°C
      This company is on a 1.5°C pathway
      0.67%
    • National Grid 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
      0.13%
    • BP
      0.12%
      !!
      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
      0.12%
    • Engie SA
      0.11%
      !!
      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
      0.11%
    • Nextera Energy, Inc.
      0.10%
      0.10%
    • Rio Tinto
      0.10%
      0.10%
    • American Electric Power Co., Inc.
      0.08%
      0.08%
    • Itochu 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
      0.08%
    • Aker BP Asa
      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
      0.07%
    • Atmos Energy Corp.
      0.07%
      0.07%
    • Duke Energy Corp
      0.07%
      0.07%
    • Dominion Energy, Inc.
      0.06%
      0.06%
    • Totalenergies Se
      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
      0.06%
    • Xcel Energy, Inc.
      0.06%
      0.06%
    • Edp-Energias De Portugal SA
      0.05%
      1.5°C
      This company is on a 1.5°C pathway
      0.05%
    • Enbridge, Inc.
      0.05%
      !!
      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
      0.05%
    • Energy Transfer Lp
      0.05%
      !!
      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
      0.05%
    • Occidental Petroleum Corp.
      0.05%
      !!
      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
      0.05%
    • Pg&E Corp
      0.05%
      0.05%
    • Targa Resources Corp.
      0.05%
      0.05%
    • BHP
      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
      0.04%
    • Consolidated Edison, Inc.
      0.04%
      0.04%
    • Enel
      0.04%
      1.5°C
      This company is on a 1.5°C pathway
      0.04%
    • Eni 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
      0.04%
    • Exxon Mobil 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
      0.04%
    • Korea Electric Power Corporation (Kepco)
      0.04%
      0.04%
    • The Williams Cos., 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
      0.04%
    • Vår Energi Asa
      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
      0.04%
    • Cez As
      0.03%
      0.03%
    • Conocophillips
      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
      0.03%
    • Diamondback Energy, 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
      0.03%
    • Fairfax Financial Holdings Ltd.
      0.03%
      0.03%
    • Mplx Lp
      0.03%
      0.03%
    • OMV AG
      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
      0.03%
    • Oneok, Inc.
      0.03%
      0.03%
    • Pinnacle West Capital Corp.
      0.03%
      0.03%
    • Portland General Electric Co.
      0.03%
      0.03%
    • Sempra Energy
      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
      0.03%
    • Snam Spa
      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
      0.03%
    • Western Midstream Partners Lp
      0.03%
      0.03%
    • Canadian Natural Resources 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
      0.02%
    • Centerpoint Energy, Inc.
      0.02%
      0.02%
    • Cheniere Energy, 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
      0.02%
    • Chevron 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
      0.02%
    • Constellation Energy Corp.
      0.02%
      0.02%
    • Enterprise Products Partners Lp
      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
      0.02%
    • Ep Infrastructure As
      0.02%
      0.02%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.02%
      0.02%
    • 0.02%
    • Jefferies
      0.02%
      0.02%
    • Kinder Morgan, 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
      0.02%
    • National Grid North America, 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
      0.02%
    • Nrg Energy, Inc.
      0.02%
      0.02%
    • Pacificorp.
      0.02%
      0.02%
    • Repsol
      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
      0.02%
    • Rwe AG
      0.02%
      0.02%
    • Shell
      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
      0.02%
    • Vier Gas Transport Gmbh
      0.02%
      0.02%
    • Wintershall Dea
      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
      0.02%
    • Électricité De France SA
      0.02%
      0.02%
    • Barrick Gold
      0.01%
      0.01%
    • Channel Infrastructure
      0.01%
      0.01%
    • Petrobras
      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
      0.01%
    • Suncor 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
      0.01%
    • The Weir Group PLC
      0.01%
      0.01%
  • Weapons

    • Amphenol Corp.
      0.12%
      0.12%
    • Mtu Aero Engines AG
      0.11%
      0.11%
    • Rheinmetall AG
      0.05%
      0.05%
    • Dassault Aviation SA
      0.04%
      0.04%
    • 0.02%
    • Teledyne Technologies, Inc.
      0.01%
      0.01%
  • Environmental Harm

    • Duke Energy Corp
      0.07%
      0.07%
    • Coca-Cola
      0.05%
      0.05%
    • Energy Transfer Lp
      0.05%
      !!
      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
      0.05%
    • Pg&E Corp
      0.05%
      0.05%
    • BHP
      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
      0.04%
    • PepsiCo
      0.04%
      0.04%
    • Bayer
      0.02%
      0.02%
    • Chevron 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
      0.02%
    • 0.02%
    • Danone
      0.02%
      0.02%
    • FMC Corp.
      0.02%
      0.02%
    • 0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • Shell
      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
      0.02%
    • Syngenta
      0.02%
      0.02%
    • Barrick Gold
      0.01%
      0.01%
    • Mondelez
      0.01%
      0.01%
    • Unilever PLC
      0.01%
      0.01%
    • Zijin Mining
      0.01%
      0.01%

About this Fund

Invests mainly in defensive assets such as fixed interest and cash, with about 40% in growth assets such as shares and real assets. May be suitable for investors who want to invest in a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Conservative fund.

Value $7.51M NZD
Period of data report 31st March 2025
Fund started 9th Oct. 2015
Total annual fund fees 0.95%
Total performance based fees 0.0%
Manager's basic fee 0.76%
Other management and administration charges 0.19%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (16 years, 1 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months)

Kylie Willment

Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (7 years, 5 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 (2 years, 10 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 (11 years, 0 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 31st March 2025.

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
2025 4.02% 4.01%
2024 9.97% 6.87%
2023 -2.59% -1.84%
2022 1.06% 0.36%
2021 18.16% 11.14%
2020 -1.83% -1.06%
2019 4.49% 3.86%
2018 4.41% 4.38%
2017 5.71% 4.68%

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 31st March 2025.

Top 10 Investments

  • Robeco Global Credits Fund

    Luxembourg Int Fixed Interest

    3.96%
  • Housing New Zealand Limited Bond 3.36% 12/06/2025

    New Zealand NZ Fixed Interest AAA

    1.97%
  • New Zealand Government Bond 3.50% 14/04/2033

    New Zealand NZ Fixed Interest AAA

    1.53%
  • New Zealand Government Bond 4.50% 15/05/2035

    New Zealand NZ Fixed Interest AAA

    1.52%
  • Fisher & Paykel Healthcare Corporation Limited

    New Zealand Australasian Equities

    1.49%
  • New Zealand Government Bond 1.50% 15/05/2031

    New Zealand NZ Fixed Interest AAA

    1.46%
  • New Zealand Government Bond 2.75% 15/04/2037

    New Zealand NZ Fixed Interest AAA

    1.41%
  • New Zealand Government Bond 1.75% 15/05/2041

    New Zealand NZ Fixed Interest AAA

    1.35%
  • New Zealand Government Bond 2.00% 15/05/2032

    New Zealand NZ Fixed Interest AAA

    1.34%
  • New Zealand Government Bond 4.25% 15/05/2036

    New Zealand NZ Fixed Interest AAA

    1.27%
Type Target Actual
Cash and Cash Equivalents 12.0% 12.97%
New Zealand Fixed Interest 18.5% 19.84%
International Fixed Interest 29.5% 29.51%
Australasian Equities 10.0% 9.6%
International Equities 24.5% 22.1%
Listed Properties 0.0% 0.36%
Unlisted Properties 2.0% 2.0%
Other 3.5% 3.62%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.