Mercer Defence Force Balanced Fund

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Fund type: Balanced fund

Past Returns: 5.43%

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

Annual Fees: 1.1%

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

Aker BP Asa Nok1 0.01%
Anglo American PLC 0.06%
Apa Corporation Com Usd0.625 0.03%
Apt Pipelines Ltd 4.25% Due 07-15-2027 0.01%
Arcelormittal Npv Post Stk Split 0.04%
BHP Billiton Ltd 0.05%
BHP Group Limited Ordinary Fully Paid 0.14%
BP Cap Mkts Amer Fixed 3.017% Due 01-16-2027 0.01%
BP P.L.C 0.04%
Canadian Natural Resources 0.02%
Cheniere Energy Inc 0.01%
Conocophillips 0.01%
Continental Resources Inc/Ok 0.03%
Dominion Energy Inc 0.15%
Enbridge Inc 0.02%
Eni Spa 0.10%
Eog Resources Inc 0.03%
Equinor Asa 0.04%
Equinor Asa 2.375% Due 05-22-2030 Reg 0.02%
Exxon Mobil Corporation 0.03%
Japan Petroleum Exploration 0.01%
Jizhong Energy Resources Co Ltd 0.02%
Marathon Oil Corp 0.04%
Marathon Petrol Com 0.04%
Mitsui & Co Ltd Jpy 0.05%
Mitsui O.S.K.Linesnpv Temp 0.01%
Naturgy Finance B. 1.5% Gtd Snr 29/01/2028 EUR 0.01%
Nippon Yusen Kk 0.04%
OMV AG 0.04%
Oneok Inc 0.01%
Ovintiv Inc 0.01%
Ovintiv Inc Com Usd0.01 0.02%
Pembina Pipeline 0.01%
Petrochina Co Ltd 0.01%
Petroleo Brasileiro Petrobras SA 0.03%
Phillips 66 Com Usd0.01 0.01%
Ptt Explor and Prod Pcl Nvdr 0.01%
Pvtpl Eni S P A Nt X 4.75% Due 09-12-2028 0.01%
Repsol SA 0.02%
Santos Limited 0.05%
Shell PLC Ord Eur0.07 0.07%
Tc Energy Corp 0.01%
Vale SA 0.03%
Valero Energy Corp 0.01%
Viva Energy Group Ordinary Fully Paid Deferred Settlement 0.02%
Williams Companies Inc 0.03%

Weapons

Tobacco

Alimentation Couche-Tard 2.95% Due 01-25-2030 Beo 0.01%
Casey'S General Stores Inc 0.04%
Performance Food Group Co 0.08%

Gambling

Mgm Growth Properties Llc 0.03%
Skycity Entertainment Group Limited 0.23%
Vici Properties Inc 0.03%

Adult Entertainment/Pornography

Mgm Growth Properties Llc 0.03%

Alcohol

Anheuser-Busch Cos Llc Corp 4.7% 02-01-2036 0.01%
Constellation Brands Inc-A 0.06%
Treasury Wine Estates Limited 0.02%

Palm Oil

Human Rights & Environmental Violations

BHP Billiton Ltd 0.05%
BHP Group Limited Ordinary Fully Paid 0.14%
Bank Hapoalim Ltd 0.03%
Bank Leumi Le-Israel 0.02%
Bayer AG 0.04%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.02%
Evergreen Marine Corporation 0.06%
Israel Discount Bank 0.01%
Johnson & Johnson Com US$1 0.23%
Li Ning Co Ltd 0.01%
Motorola Solutions Inc 0.16%
Mtn Group Ltd 0.01%
Nestle SA 0.14%
Petrochina Co Ltd 0.01%
Petroleo Brasileiro Petrobras SA 0.03%
Pvtpl Credit Suisse Group AG Sr Call Nt 4.194% Due 04-01-2031 Beo 0.01%
Rio Tinto Fin Usa 5.2 Due 11-02-2040 0.01%
Rio Tinto Limited 0.04%
Rio Tinto PLC Ord 10P Gbp 0.05%
Shell PLC Ord Eur0.07 0.07%
Vale SA 0.03%

Animal Testing

Air Liquide 0.03%
Arkema 0.01%
Bayer AG 0.04%
Capri Holdings Ltd Com Npv 0.04%
Church & Dwight Co 0.05%
Coca Cola Co USD 0.07%
Ecolab Ltd 0.07%
Estee Lauder Companies 0.05%
Ezaki Glico Co Ltd 0.02%
Far Eastern New Century Corporation 0.02%
Formosa Plastics Corporation 0.01%
Glaxosmithkline 6.375% Due 05-15-2038 0.01%
Glaxosmithkline PLC 0.07%
Hermes International 0.03%
Ingredion Inc Com USD 0.01 0.02%
Intl Flavors & Fragrances USD 0.07%
Johnson & Johnson Com US$1 0.23%
Kellogg Company 0.04%
Kerry Group PLC 0.02%
Kimberly Clark Corp Com Usd1.25 0.01%
Kimberly Clark De Mexico S A B De C V Fo2.431% Due 07-01-2031 Beo 0.01%
Koninklijke Dsm Nv 0.04%
L'Oreal 0.03%
Linde Finance Bv 0.25% Gtd Snr 19/05/27 EUR 0.01%
Linde PLC 0.08%
Linde PLC Com 0.01%
Mondelez International Inc 0.09%
Nagase & Co Ltd 0.02%
Nestle SA 0.14%
Nisshinbo Holdings Inc 0.02%
PPG Industries Inc 0.01%
Pepsico Inc Cap US$0.01 2/3 0.21%
Pepsico Inc-Disc Coml Paper 4/2 Yrs 3&4 09-01-2022 0.02%
Procter & Gamble Company 0.09%
Pvtpl Air Liquide Fin S A Fixed 2.25% 09-10-2029 0.01%
Shell PLC Ord Eur0.07 0.07%
Sherwin Williams Com Usd1 0.07%
Symrise AG 0.03%
Tesco Property 3 5.744% M/Bkd 13/04/2040Gbp 0.01%
Unilever PLC 0.02%
Yara International Asa 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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
2022 0.34% 1.49%
2021 17.46% 17.8%
2020 -1.59% -3.0%
2019 4.47% 4.74%
2018 4.41% 5.93%
2017 5.71% 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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    3.11%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    2.65%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    1.79%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.09%
  • Kkr & Co Lp Global Infrastructure Fund
    Australia Other
    1.04%
  • Microsoft Corporation
    United States International Equities
    0.95%
  • BNP Paribas US Dollar Account
    United States International Equities
    0.91%
  • New Zealand Government Bond 2.0% 15/05/2032
    New Zealand NZ Fixed Interest AAA
    0.87%
  • United States Dollar
    United States Int Fixed Interest
    0.87%
  • Fx Positions
    New Zealand NZ Fixed Interest
    0.87%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 4.0% 7.04%
New Zealand Fixed Interest 10.0% 8.6%
International Fixed Interest 26.0% 24.57%
Australasian Equities 12.5% 11.2%
International Equities 35.5% 36.23%
Listed Properties 3.0% 2.76%
Unlisted Properties 3.0% 2.75%
Other 6.0% 6.85%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

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:
    0.03%
  • Alcohol:
    0.14%
  • Animal Testing:
    2.30%
  • Fossil Fuels:
    1.91%
  • Gambling:
    0.31%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.31%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.13%
  • Weapons:
    0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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 a wide range of assets. May be suitable for investors who want a diversified investment with exposure to shares, real 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 $32M NZD
Period of data report Thu March 31st 2022
Fund started Fri Oct. 9th 2015
Total annual fund fees 1.1%
Total performance based fees 0.0%
Manager's basic fee 0.81%
Other management and administration charges 0.29%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Kristen Kohere-Soutar

Currently: Chair - Mercer (N.Z.) Ltd (2 years, 4 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (4 years, 7 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (13 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 (4 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 (1 years, 7 months)
Previously: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (current) (3 years, 0 months)

Robert Kavanagh

Currently: Head of Portfolio Management NZ - Mercer (N.Z.) Ltd (8 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 Thu March 31st 2022.

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.