Mercer Defence Force Moderate Fund

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Type: Balanced fund
Past Returns: 4.65%

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

Annual Fees: 0.98%

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

2.150 Phillips 66 15-Dec-2030 0.02%
3.750 Aker BP Asa 15-Jan-2030 0.04%
Apa Group 0.01%
Apt Pipelines Ltd 4.25% Due 07-15-2027 0.02%
Atmos Energy Corp 0.04%
Atmos Energy Corporation 0.02%
BHP Group PLC 0.03%
BP Cap Mkts Amer Fixed 3.017% Due 01-16-2027 0.02%
BP Cap Mkts Amer Fixed 3.79% Due 02-06-2024 0.01%
BP P.L.C 0.03%
Cheniere Energy, Inc. 0.01%
Coca Cola Co USD 0.04%
Crescent Point Energy Corp 0.03%
Dominion Energy Inc Com 0.06%
Enbridge Inc 0.05%
Eni Spa 0.05%
Enterprise Products Partners L.P. 0.02%
Equinor Asa 2.375% Due 05-22-2030 Reg 0.02%
Exxon Mobil Corp 2.61% Due 10-15-2030 0.01%
Genesis Energy Ltd 0.04%
Kinder Morgan Inc 1.5% Due 03-16-2022 0.01%
Koninklijke Vopak Nv 0.01%
Magellan Midstream Partners Lp 0.02%
Naturgy Finance B. 1.5% Gtd Snr 29/01/2028 EUR 0.01%
Oneok Partners L P 3.375% Due 10-01-2022 0.01%
Pembina Pipeline Corporation 0.03%
Petroleo Brasileiro Petrobras SA 0.01%
Posco 0.02%
Ptt Public Company Thb10 0.01%
Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.01%
Royal Dutch Shell PLC-Adr 0.02%
Royal Dutch Shell PLC-B Shs 0.02%
Rubis Eur1.25 0.05%
Rubis Sca 0.02%
Saudi Arabian Oil 3.5% Snr Mtn 16/04/2029 USD 0.02%
Snam Spa 0.02%
Tokyo Gas Co Ltd 0.02%
Total SA 0.03%
Ugi Corporation 0.02%
Vale SA 0.02%

Weapons

Amphenol Corp Cl A 0.06%
Howmet Aerospace I Com USD 0.02%
Meggitt PLC 0.02%

Tobacco

Alimentation Couche-Tard 2.95% Due 01-25-2030 Beo 0.01%
Casey'S General Stores Inc 0.01%

Gambling

Aristocrat Leisure Ltd 0.05%
Draftkings Inc 0.01%
Red Rock Resorts Inc 0.01%
Skycity Entertainment Group Limited 0.13%
Vici Properties Inc 0.03%

Alcohol

3.700 Anheuser-Busch Inbev SA/ 02-Apr-20 0.03%
Ambev SA Com Npv 0.01%
Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.02%
Treasury Wine Estates Limited 0.04%

Palm Oil

Posco 0.02%

Human Rights & Environmental Violations

0.950 Johnson & Johnson 01-Sep-2027 0.01%
BHP Group PLC 0.03%
Evergreen Marine Corporation 0.02%
Johnson & Johnson Com US$1 0.12%
Johnson + Johnson Common Stock Usd1.0 0.03%
Motorola Solutions Inc 0.12%
Nestle SA 0.07%
Petroleo Brasileiro Petrobras SA 0.01%
Posco 0.02%
Rio Tinto Fin Usa 5.2 Due 11-02-2040 0.02%
Rio Tinto PLC Ord 10P Gbp 0.04%
Royal Dutch Shell PLC-Adr 0.02%
Royal Dutch Shell PLC-B Shs 0.02%
Sempra Energy USD 0.04%
Southern Copper Corporation 0.02%
Vale SA 0.02%

Animal Testing

0.500 Dow Chemical Co/The 15-Mar-2027 0.020%
0.950 Johnson & Johnson 01-Sep-2027 0.010%
1.100 Linde Inc/Ct 10-Aug-2030 0.010%
1.250 Celanese US Holdings Llc 11-Feb-20 0.010%
1.250 Syngenta Finance Nv 10-Sep-2027 0.010%
3.375 Syngenta Finance Nv 16-Apr-2026 0.020%
Air Water Inc 0.020%
Capri Holdings Ltd Com Npv 0.020%
Celanese Corp Series A 0.010%
Chr Hansen Holding A/S Common Stock Dkk10. 0.010%
Church & Dwight Co 0.010%
Clorox Co Del 0.010%
Coca Cola Co USD 0.040%
Ecolab Inc Common Stock Usd1.0 0.050%
Estee Lauder Companies Cl A Common Stock USD.01 0.010%
General Mills Inc 0.010%
Glaxosmithkline 6.375% Due 05-15-2038 0.020%
Glaxosmithkline PLC 0.010%
Henkel AG & Co Kgaa Non Vtg Pref 0.010%
Hermes International 0.020%
Intl Flavors & Fragrances USD 0.050%
Johnson & Johnson Com US$1 0.120%
Johnson + Johnson Common Stock Usd1.0 0.030%
Kimberly Clark 6.625% Due 08-01-2037 0.010%
Kimberly Clark Corp Com Usd1.25 0.010%
Koninklijke Dsm Nv Common Stock Eur1.5 0.030%
L Oreal Common Stock EUR.2 0.020%
Lg Household Health Care 0.010%
Linde PLC Common Stock EUR.001 0.020%
Mondelez International Inc 0.050%
Nan Ya Plastics Corp 0.010%
Nestle SA 0.070%
Nissan Chemical Corporation 0.010%
Pepsico Inc Cap US$0.01 2/3 0.050%
Praxair Inc Nt 2% 08-10-2050 0.010%
Procter & Gamble Company 0.100%
Procter + Gamble Co/The Common Stock 0.010%
Pvtpl Air Liquide Fin S A Fixed 2.25% 09-10-2029 0.010%
Royal Dutch Shell PLC-Adr 0.020%
Royal Dutch Shell PLC-B Shs 0.020%
Symrise AG Common Stock 0.030%
Unilever PLC Common Stock Gbp.0311 0.020%
Usana Helath Sciences Inc 0.010%
Xerox Hldgs Corp 5% Due 08-15-2025 0.010%
Xerox Hldgs Corp Com Usd1.00 0.010%

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 17.44% 11.14%
2020 -2.28% -1.06%
2019 4.43% 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 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-
    3.34%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    3.19%
  • New Zealand Government Bond 0.5% 15/05/2024
    New Zealand NZ Fixed Interest AA+
    1.57%
  • New Zealand Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.51%
  • Mercer Commodities
    New Zealand Commodities
    1.36%
  • ASB Bank Ltd Bond 4.245% Maturing 26/05/2021
    New Zealand Cash and Equivalents AA-
    1.22%
  • United States Dollar
    United States Cash and Equivalents
    1.2%
  • Bank Of New Zealand Rcd Maturing 16/06/2021
    New Zealand Cash and Equivalents AA-
    1.17%
  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    1.15%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.15%

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 18.0% 18.36%
New Zealand Fixed Interest 13.0% 12.55%
International Fixed Interest 29.0% 27.48%
Australasian Equities 9.5% 8.26%
International Equities 22.5% 23.43%
Listed Properties 2.0% 2.04%
Unlisted Properties 2.0% 1.56%
Other 4.0% 4.41%
Commodities 0.0% 1.91%

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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.17%
  • Animal Testing:
    1.65%
  • Fossil Fuels:
    1.43%
  • Gambling:
    0.26%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.68%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.03%
  • Weapons:
    0.13%

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 in cash and fixed interest with about a third of investments being 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 $7.4M NZD
Period of data report Wed March 31st 2021
Fund started Fri Oct. 9th 2015
Total annual fund fees 0.98%
Total performance based fees 0.0%
Manager's basic fee 0.76%
Other management and 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 (1 years, 4 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (3 years, 7 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (12 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 (3 years, 5 months)
Previously: Senior Manager Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Ronan Mccabe

Currently: Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (0 years, 7 months)
Previously: Head of Portfolio Management Delegated Solutions Pacific Mercer Australia (Pty) Ltd (current) (2 years, 0 months)

Robert Kavanagh

Currently: Portfolio Manager Mercer (N.Z.) Ltd (7 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 Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.