Mercer Defence Force Balanced Fund

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Not Mindful
Type: Balanced fund
Past Returns: 2.56%

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

Annual Fees: 1.07%

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

Aker BP Asa 0.03%
Anglo American PLC 0.02%
Apa Group 0.02%
Apt Pipelines Ltd 4.25% Due 07-15-2027 0.01%
Atco Ltd 0.02%
BHP Group Limited Ordinary Fully Paid 0.03%
BHP Group PLC 0.06%
BP Cap Mkts Amer Fixed 3.017% Due 01-16-2027 0.02%
Chevron Corp 0.01%
China Petroleum & Chemical 0.02%
Clp Holdings Limited Hkd 0.04%
Cnooc Ltd 0.01%
Dte Energy Co USD 0.01%
Enbridge Inc 0.05%
Energy Transfer Eq Com Units Rep Ltd Ptn 0.01%
Engie Aug5 0.04%
Enterprise Products Partners Lp 0.02%
Eog Resources Inc 0.02%
Exxon Mobil Corp 3.043% Due 03-01-2026 0.01%
Exxon Mobil Corporation 0.02%
Firstenergy Corp 3.9% 07-15-2027 0.02%
Firstenergy Corp USD 0.03%
Gazprom PJSC Spon Adr 0.02%
Hokkaido Electric Power Co 0.01%
Idemitsu Kosan Co Ltd 0.01%
Kinder Morgan Inc 1.5% Due 03-16-2022 0.01%
Kirby Corp 0.03%
Koninklijke Vopak Nv 0.05%
Korea Gas Corp 3.875% Due 02-12-2024 0.01%
Lyondellbasell Industries 0.02%
Nextera Energy Cap Hldgs Inc 2.75% Due 11-01-2029 0.02%
Nextera Energy Partners Lp 0.01%
Novatek PJSC 0.01%
Oao Gazprom Spon Adr Reg S 0.02%
OMV AG 0.01%
Oneok Partners L P 3.375% Due 10-01-2022 0.01%
Petrochina Co Ltd H 0.02%
Petroleo Brasileiro Petrobras SA 0.01%
Phillips 66 Com Usd0.01 0.02%
Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.01%
Repsol SA 0.01%
Royal Dutch Shell PLC - A Shares 0.01%
Royal Dutch Shell PLC-B Shs 0.03%
Rubis Eur1.25 0.11%
Shikoku Electric Power Company Incorpora 0.01%
Snam Spa 0.06%
Statoil Asa 2.65% Due 01-15-2024 0.01%
Suez 0.02%
Teekay Lng Partners Lp 0.01%
Total SA 0.04%
Valero Energy Corp 0.02%
Wec Energy Group Inc 0.03%
Xcel Energy Inc 0.05%
Xcel Energy Inc 2.6% Due 12-01-2029 0.04%

Weapons

Axon Enterprise I Com USD 0.00001 0.02%
Raytheon Company 0.05%

Tobacco

Gambling

Churchill Downs Incorporated 0.01%
Sands China Limited 0.01%
Skycity Entertainment Group Limited 0.09%

Alcohol

Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.01%
Carlsberg As - B 0.04%
Constellation Brands Inc-A 0.01%
Diageo Ord 28 101/108P 0.05%
Pernod-Ricard SA 0.07%
Want Want China Holdings Ltd 0.01%

GMOs

Basf Se 0.01%
Bayer AG 0.01%
Novartis Adr Sponsored 0.01%
Novartis AG - Chf0.50 (Regd) 0.33%
Novartis Cap Corp 4.4% Due 05-06-2044 0.02%
Nutrien Ltd 3.375% Due 03-15-2025 0.01%
Syngenta Finance Nv 0.03%

Human Rights & Environmental Violations

BHP Group Limited Ordinary Fully Paid 0.03%
BHP Group PLC 0.06%
Centerra Gold Inc 0.01%
Chevron Corp 0.01%
Johnson & Johnson Com US$1 0.18%
Nestle SA 0.08%
Nutrien Ltd 3.375% Due 03-15-2025 0.01%
Petrochina Co Ltd H 0.02%
Petroleo Brasileiro Petrobras SA 0.01%
Rio Tinto Limited 0.08%
Rio Tinto PLC 0.02%
Rio Tinto PLC Ord 10P Gbp 0.05%
Royal Dutch Shell PLC - A Shares 0.01%
Royal Dutch Shell PLC-B Shs 0.03%
Sempra Energy USD 0.05%
Tokyo Electric Power Company Holdings Incorporated 0.02%
Vale SA 0.03%

Animal Testing

Albermarle Corp 0.020%
Basf Se 0.010%
Bayer AG 0.010%
Chevron Corp 0.010%
Clorox Co Del 0.010%
Coca Cola Co USD 0.100%
Colgate Palmolive Usd1 0.040%
Colgate-Palmolive Co 4% Due 08-15-2045 0.010%
Glaxosmithkline 6.375% Due 05-15-2038 0.010%
Glaxosmithkline PLC 0.050%
Henkel AG & Co Kgaa 0.010%
Johnson & Johnson Com US$1 0.180%
Kimberly Clark 6.625% Due 08-01-2037 0.010%
Kimberly Clark Corp Com Usd1.25 0.020%
Kimberly Clark De Mexico A 0.010%
L'Oreal 0.010%
Mitsui Chemicals Inc 0.010%
Nestle SA 0.080%
Orica Limited 0.010%
Pepsico Inc Cap US$0.01 2/3 0.080%
Procter & Gamble Company 0.100%
Reckitt Benckiser Group PLC 0.050%
Royal Dutch Shell PLC - A Shares 0.010%
Royal Dutch Shell PLC-B Shs 0.030%
Syngenta Finance Nv 0.030%
Unilever Nv 0.020%
Unilever Nv Eur0.16 0.020%
Unilever PLC 0.030%
Usana Helath Sciences Inc 0.020%
Walgreens Boots Al Com Usd0.01 0.020%

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 -2.86% -3.0%
2019 4.44% 4.74%
2018 4.90% 5.93%
2017 5.60% 6.62%

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:

  • AMP Capital Investors NZ Cash Fund
    New Zealand Cash and Equivalents
    11.71%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    2.03%
  • First State Investments Global Listed Infrastructure Fund
    New Zealand Other
    1.9%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    1.24%
  • Fisher & Paykel Healthcare Corporation
    New Zealand Australasian Equities
    1.24%
  • Aviva Investors Multi-Strategy Fixed Income Fund
    Australia Int Fixed Interest
    1.17%
  • New Zealand Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.17%
  • New Zealand Government Bond 6% 15/05/2021
    New Zealand NZ Fixed Interest AA+
    1.08%
  • BNP Paribas New Zealand Dollar Account
    New Zealand International Equities NA
    1.05%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    1.05%

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 10.0% 12.95%
New Zealand Fixed Interest 10.0% 9.95%
International Fixed Interest 25.0% 24.12%
Australasian Equities 10.0% 8.22%
International Equities 28.5% 28.13%
Listed Properties 3.0% 2.69%
Unlisted Properties 3.0% 3.18%
Other 9.0% 9.26%
Commodities 1.5% 0.02%

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:
    0.30%
  • Animal Testing:
    1.24%
  • Fossil Fuels:
    1.66%
  • Gambling:
    0.14%
  • GMOs:
    0.45%
  • Human Rights & Environmental Violations:
    0.77%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.10%

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.

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 in a wide range of assets. May be suitable for investors who want a diversified investment with exposure to shares real assets alternative assets fixed interest and cash who are comfortable with a higher degree of volatility in returns than can be expected from the Moderate fund and who can invest for the long term."

Value $17M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Fri Oct. 9th 2015
Total annual fund fees 1.07%
Total performance based fees 0.0%
Manager's basic fee 0.76%
Administration charges 0.31%
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.

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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.