Mercer Defence Force Growth Fund

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Type: Growth fund
Past Returns: 8.31%

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

3.750 Aker BP Asa 15-Jan-2030 0.01%
Apa Corporation Com Usd0.625 0.02%
Apa Group 0.03%
Arc Resources Com Npv 0.02%
Atmos Energy Corp 0.08%
Atmos Energy Corporation 0.03%
BHP Group PLC 0.06%
BP P.L.C 0.05%
Cheniere Energy Inc 0.01%
Cheniere Energy, Inc. 0.02%
China Petroleum & Chemical 0.01%
Coca Cola Co USD 0.09%
Cosmo Energy Holdings Co Ltd 0.01%
Crescent Point Energy Corp 0.06%
Dcp Midstream Partners Lp 0.01%
Dominion Energy Inc Com 0.11%
Enbridge Inc 0.09%
Energy Transfer Eq Com Units Rep Ltd Ptn 0.01%
Eni Spa 0.09%
Enterprise Products Partners L.P. 0.04%
Eqt Corporation 0.02%
Genesis Energy Ltd 0.07%
Grupa Lotos SA 0.02%
Hk Electric Investments Ltd 0.01%
Koninklijke Vopak Nv 0.03%
Magellan Midstream Partners Lp 0.04%
Marathon Petrol Com 0.01%
Mol Hungarian Oil 0.02%
Murphy Oil Corp 0.01%
Nippon Steel Trading Corporation 0.01%
Novatek PJSC 0.02%
Oneok Inc 0.01%
Ovintiv Inc 0.01%
Pembina Pipeline 0.01%
Pembina Pipeline Corporation 0.06%
Petroleo Brasileiro Petrobras SA 0.03%
Phillips 66 Com Usd0.01 0.01%
Polski Koncern Naftowy 0.02%
Posco 0.03%
Ptt Public Company Thb10 0.03%
Public Power Corp 0.01%
Royal Dutch Shell PLC-Adr 0.04%
Royal Dutch Shell PLC-B Shs 0.05%
Rubis Eur1.25 0.10%
Rubis Sca 0.04%
Sk Innovation 0.01%
Snam Spa 0.04%
Teekay Lng Partners Lp 0.02%
Tokyo Gas Co Ltd 0.03%
Total SA 0.05%
Tourmaline Oil Cp Com 0.02%
Ugi Corporation 0.03%
Vale SA 0.05%
Valero Energy Corp 0.01%
Whitecap Resources Inc 0.01%
Williams Companies Inc 0.01%

Weapons

Amphenol Corp Cl A 0.12%
Howmet Aerospace I Com USD 0.03%
Meggitt PLC 0.05%
Onex Corp 0.01%

Tobacco

Casey'S General Stores Inc 0.05%
Seven & I Holdings Co Ltd 0.02%

Gambling

Aristocrat Leisure Ltd 0.08%
Churchill Downs Incorporated 0.01%
Draftkings Inc 0.02%
Mgm Growth Properties Llc 0.01%
Playtech Ord Npv 0.02%
Red Rock Resorts Inc 0.03%
Skycity Entertainment Group Limited 0.22%
Vici Properties Inc 0.05%

Alcohol

3.700 Anheuser-Busch Inbev SA/ 02-Apr-20 0.01%
Ambev SA Com Npv 0.02%
Brown Forman Corp 0.02%
Christian Dior Se 0.01%
Treasury Wine Estates Limited 0.07%
Want Want China Holdings Ltd 0.01%

Palm Oil

Posco 0.03%

Human Rights & Environmental Violations

BHP Group PLC 0.06%
Evergreen Marine Corporation 0.04%
Johnson & Johnson Com US$1 0.27%
Johnson + Johnson Common Stock Usd1.0 0.06%
Mmc Norilsk Nickel Adr 0.01%
Motorola Solutions Inc 0.26%
Nestle SA 0.17%
Petroleo Brasileiro Petrobras SA 0.03%
Posco 0.03%
Rio Tinto PLC Ord 10P Gbp 0.08%
Royal Dutch Shell PLC-Adr 0.04%
Royal Dutch Shell PLC-B Shs 0.05%
Sempra Energy USD 0.07%
Southern Copper Corporation 0.03%
Tokyo Electric Power Company Holdings Incorporated 0.01%
Vale SA 0.05%

Animal Testing

Air Liquide 0.010%
Air Liquide SA Common Stock Eur5.5 0.020%
Air Water Inc 0.030%
Basf Se 0.010%
Capri Holdings Ltd Com Npv 0.050%
Celanese Corp Series A 0.020%
Central Glass Co Ltd 0.010%
Chr Hansen Holding A/S Common Stock Dkk10. 0.020%
Christian Dior Se 0.010%
Church & Dwight Co 0.040%
Clorox Co Del 0.040%
Coca Cola Co USD 0.090%
Croda International PLC Common Stock Gbp.1060976 0.020%
Danone Common Stock EUR.25 0.020%
Dow Inc 0.010%
Earth Corporation Npv 0.010%
Ecolab Inc Common Stock Usd1.0 0.100%
Elkem Asa 0.020%
Estee Lauder Companies Cl A Common Stock USD.01 0.020%
General Mills Inc 0.040%
Givaudan Reg Common Stock Chf10.0 0.010%
Glaxosmithkline PLC 0.040%
Henkel AG & Co Kgaa Non Vtg Pref 0.050%
Herbalife Nutrition Ltd 0.010%
Hermes International 0.040%
Hp Inc Common Stock USD.01 0.020%
Intl Flavors & Fragrances USD 0.110%
Johnson & Johnson Com US$1 0.270%
Johnson + Johnson Common Stock Usd1.0 0.060%
Kellogg Company 0.040%
Kikkoman Corporation Jpy 0.010%
Kimberly Clark Corp Com Usd1.25 0.050%
Koninklijke Dsm Nv Common Stock Eur1.5 0.060%
Kureha Corporation Npv 0.020%
L Brands Inc Com Usd0.50 0.020%
L Oreal Common Stock EUR.2 0.030%
L'Oreal 0.020%
Lenzing AG Common Stock 0.010%
Lg Household Health Care 0.020%
Linde PLC 0.020%
Linde PLC Common Stock EUR.001 0.050%
Marico Ltd Common Stock Inr1. 0.010%
Mondelez International Inc 0.110%
Nagase & Co Ltd 0.020%
Nan Ya Plastics Corp 0.020%
Nestle SA 0.170%
Nippon Shokubai Jp50 0.010%
Nippon Suisan Kaisha Ltd 0.010%
Nissan Chemical Corporation 0.020%
Nisshinbo Holdings Inc 0.020%
Nu Skin Enterprises Inc - Class A 0.020%
Pepsico Inc Cap US$0.01 2/3 0.100%
Phosagro PJSC Gdr 0.020%
Procter & Gamble Company 0.220%
Procter + Gamble Co/The Common Stock 0.030%
Royal Dutch Shell PLC-Adr 0.040%
Royal Dutch Shell PLC-B Shs 0.050%
Rpm International Inc 0.020%
Salvatore Ferragamo Spa 0.010%
Seven & I Holdings Co Ltd 0.020%
Sk Innovation 0.010%
Symrise AG Common Stock 0.060%
Umicore Common Stock 0.010%
Unicharm Corp Common Stock 0.010%
Unilever PLC 0.020%
Unilever PLC Common Stock Gbp.0311 0.040%
Upc Technology Corp 0.010%
Usana Helath Sciences Inc 0.030%
Wd 40 Co 0.020%
Xerox Hldgs Corp Com Usd1.00 0.030%

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 27.54% 24.81%
2020 -4.02% -5.2%
2019 5.16% 5.31%
2018 6.85% 7.77%
2017 7.20% 9.17%

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:

  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    2.13%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.0%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    1.31%
  • Mercer Commodities
    New Zealand Commodities
    1.07%
  • BNP Paribas US Dollar Account
    United States International Equities
    1.0%
  • BNP New Zealand Dollar Custodial Account Growth Portfolio
    New Zealand Int Fixed Interest
    0.95%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    0.9%
  • United States Dollar
    United States Cash and Equivalents
    0.89%
  • Mainfreight Limited
    New Zealand Australasian Equities
    0.87%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    0.84%

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 1.0% 1.42%
New Zealand Fixed Interest 5.0% 4.86%
International Fixed Interest 14.0% 12.71%
Australasian Equities 15.5% 14.41%
International Equities 50.5% 50.72%
Listed Properties 3.5% 3.53%
Unlisted Properties 3.5% 2.96%
Other 7.0% 7.55%
Commodities 0.0% 1.84%

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:
    0.20%
  • Animal Testing:
    3.18%
  • Fossil Fuels:
    2.24%
  • Gambling:
    0.47%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.36%
  • Palm Oil:
    0.05%
  • Tobacco:
    0.07%
  • Weapons:
    0.25%

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 mainly in growth assets such as shares real assets and alternative assets with only a limited amount in cash and fixed interest. May be suitable for investors wanting to invest mostly in growth assets who are comfortable accepting more volatile returns than those expected from the Balanced fund with a view to achieving higher longer-term returns."

Value $39M NZD
Period of data report Wed March 31st 2021
Fund started Fri Oct. 9th 2015
Total annual fund fees 1.1%
Total performance based fees 0.0%
Manager's basic fee 0.86%
Other management and administration charges 0.24%
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.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.