Mercer Defence Force High Growth Fund

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Fund type: Aggressive fund

Past Returns: 8.88%

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

Annual Fees: 1.11%

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

Contact Energy Limited 1.21%
Nextera Energy Inc 0.33%
Shell PLC Ord Eur0.07 0.22%
Totalenergies Se 0.18%
Sempra Energy 0.15%
Dominion Energy 0.13%
Eni Spa 0.12%
Entergy 0.12%
Oasis Petroleum Inc 0.12%
BHP Group Limited Ordinary Fully Paid 0.11%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.11%
Xcel Energy Inc 0.11%
Dte Energy Co USD 0.10%
Enel Spa 0.10%
Santos Limited 0.10%
Public Service Enterprise Group 0.08%
Emera Inc 0.07%
Hf Sinclair Corpor Com Usd0.01 0.07%
Mitsui & Co Ltd Jpy 0.07%
Southern Co Com USD 0.07%
Vale SA 0.07%
Allete Inc 0.06%
Alliant Energy Corp Com 0.06%
Cosmo Energy Holdings Co Ltd 0.06%
Enel Spa Eur1 0.06%
Hk Electric Investments Ltd 0.06%
Iberdrola SA 0.06%
Jizhong Energy Resources Co Ltd 0.06%
Mitsubishi Corp Y50 0.06%
Nippon Yusen Kk Npv Temp 0.06%
OMV AG 0.06%
Equinor Asa 0.05%
Guanghui Energy Co Ltd 0.05%
Hera Spa 0.05%
Pg and E Corp 0.05%
Snam Spa 0.05%
Anglo American PLC 0.04%
Avista Corp 0.04%
Harbour Energy PLC Ord Gbp0.00002 0.04%
Ppl Corporation 0.04%
Repsol SA 0.04%
Sojitz Corporation 0.04%
American Electric Power Company Inc 0.03%
Canadian Natural Resources 0.03%
Cheniere Energy Inc 0.03%
Dt Midstream Inc Com Usd0.01 0.03%
Enbridge Inc 0.03%
Guizhou Panjiang Refined Coal Co Ltd 0.03%
Hera Eur1 0.03%
Japan Petroleum Exploration 0.03%
Murphy Oil Corp 0.03%
Petrochina Co Ltd 0.03%
Tohoku Electric Power Jpy 0.03%
Valero Energy Corp 0.03%
Williams Companies Inc 0.03%
China Petroleum & Chemical 0.02%
Chugoku Electric Power Co 0.02%
Ck Asset Holdings Hk 0.02%
Guangdong Investment Limited 0.02%
Itochu Enex Co Ltd 0.02%
Marubeni Corporation 0.02%
Neste Oyj 0.02%
Nippon Steel Trading Corporation 0.02%
Osk Mitsui Osk Lines Ltd 0.02%
Pembina Pipeline 0.02%
Petrochina Co Ltd H 0.02%
Phillips 66 Com Usd0.01 0.02%
Pinnacle West Capital Corp 0.02%
Saudi Arabian Oil 0.02%
Tc Energy Corp 0.02%
Cez As 0.01%
Iberdrola SA Eur0.75 0.01%
Keyera Corp Com 0.01%
Oneok Inc 0.01%
Parkland Corp 0.01%
Perusahaan Gas Negara Pt 0.01%
Posco Holdings Inc 0.01%
Power Assets Holdings Limited 0.01%
Yankuang Energy Group Co Ltd 0.01%

Weapons

Mtu Aero Engines AG 0.06%

Tobacco

Performance Food Group Co 0.15%
Casey'S General Stores Inc 0.04%
Eve Energy Co Ltd 0.02%

Gambling

Skycity Entertainment Group Limited 0.42%
Vici Properties Inc 0.06%
Opap SA 0.01%

Alcohol

Constellation Brands Inc-A 0.25%
Royal Unibrew As 0.08%
Treasury Wine Estates Limited 0.05%
Heineken Holding Nv 0.03%
Ambev SA Com Npv 0.02%
Weichow Moutai Co Ltd 0.02%
Ambev SA Adr Each Repr Ord Spons 0.01%
Anhui Gujing Distillery Co Ltd 0.01%
Beijing Enterprises Holdings Limited 0.01%
Diageo Ord 28 101/108P 0.01%

Palm Oil

GMOs

Human Rights & Environmental Violations

Nestle SA 0.29%
Shell PLC Ord Eur0.07 0.22%
Motorola Solutions Inc 0.21%
Johnson & Johnson Com US$1 0.20%
Barrick Gold Corporation 0.15%
BHP Group Limited Ordinary Fully Paid 0.11%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.11%
Thermo Fisher Scientific Inc 0.11%
Activision Blizzard Inc 0.10%
Bayer AG 0.08%
Rio Tinto PLC Ord 10P Gbp 0.08%
Vale SA 0.07%
Petroleo Brasileiro Petrobras SA 0.06%
First International Bank Of Israel Ltd 0.05%
Pg and E Corp 0.05%
Petrochina Co Ltd 0.03%
China Petroleum & Chemical 0.02%
Fmc Corp 0.02%
Petrochina Co Ltd H 0.02%
Southern Copper Corporation 0.02%
Wells Fargo & Company 0.02%
Zte Corp 0.02%
Caterpillar Inc 0.01%
Centrais Eletricas Brasileiras SA 0.01%
Li Ning Co Ltd 0.01%

Animal Testing

Procter & Gamble Company 0.39%
Pepsico Inc Cap US$0.01 2/3 0.32%
Nestle SA 0.29%
Constellation Brands Inc-A 0.25%
Shell PLC Ord Eur0.07 0.22%
Colgate Palmolive Usd1 0.17%
Koninklijke Ahold Delhaize Nv 0.16%
Eni Spa 0.12%
Church & Dwight Co 0.11%
General Mills Inc 0.11%
Kellogg Company 0.11%
Mondelez International Inc 0.11%
Nomad Foods Ltd 0.11%
Tyson Foods Inc Class A 0.11%
Coca Cola Co USD 0.10%
Kering 0.10%
Kimberly Clark Corp Com Usd1.25 0.10%
Bayer AG 0.08%
Capri Holdings Ltd Com Npv 0.08%
Estee Lauder Companies 0.08%
Campbell Soup Co USD 0.07%
Koninklijke Dsm Nv 0.07%
Ping An Insurance Group Of China Limited 0.07%
Hermes International 0.06%
Ingredion Inc Com USD 0.01 0.06%
Mitsubishi Corp Y50 0.06%
Sherwin Williams Com Usd1 0.06%
Air Liquide 0.05%
L'Oreal 0.05%
Nisshinbo Holdings Inc 0.05%
Symrise AG 0.05%
Darling Ingredients Inc 0.03%
Mitsubishi Gas Chemical Co 0.03%
Pvh Corp Com Usd1.00 0.03%
Unilever PLC 0.03%
China Petroleum & Chemical 0.02%
Cj Cheikjedang Corp 0.02%
Ezaki Glico Co Ltd 0.02%
Fmc Corp 0.02%
Hokuto Corp 0.02%
Hormel Foods Corporation 0.02%
Inabata & Co Ltd 0.02%
Kerry Group PLC 0.02%
Morinaga Milk Industry Co Ltd 0.02%
Orkla Asa 0.02%
Pilgrims Pride Corp 0.02%
Rpm International Inc 0.02%
Shinsegae Co Ltd 0.02%
Air Water Inc 0.01%
Alsea Sab De Cv 0.01%
Avi Ltd 0.01%
Canon Inc 0.01%
Ralph Lauren Corp Com 0.01%
Usana Helath Sciences Inc 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 Fri Sept. 30th 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.

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.

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 3.19% 3.03%
2021 36.07% 30.22%
2020 -7.33% -6.62%
2019 10.16% 6.18%
2018 7.53% 9.01%
2017 9.49% 10.63%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • First Sentier Global Listed Infrastructure Fund
    New Zealand Other
    2.32%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.78%
  • BNP Paribas US Dollar Account
    United States International Equities
    1.73%
  • Microsoft Corporation
    United States International Equities
    1.42%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.34%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.28%
  • Ebos Group Limited
    New Zealand Australasian Equities
    1.26%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.26%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.21%
  • Kkr & Co Lp Global Infrastructure Fund
    Australia Other
    1.19%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 3.93%
New Zealand Fixed Interest 1.0% 0.87%
International Fixed Interest 3.0% 3.04%
Australasian Equities 20.0% 19.74%
International Equities 61.0% 56.9%
Listed Properties 3.5% 3.04%
Unlisted Properties 3.5% 3.99%
Other 7.0% 8.49%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.53%
  • Animal Testing:
    4.56%
  • Fossil Fuels:
    5.96%
  • Gambling:
    0.50%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    2.19%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.22%
  • Weapons:
    0.09%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 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 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 almost entirely in growth assets such as shares and real assets, with only a small amount invested in defensive assets such as fixed interest and cash. May be suitable for investors wanting to invest predominantly in growth assets, who want higher long-term returns and are comfortable with high volatility in returns."

Value $14M NZD
Period of data report Fri Sept. 30th 2022
Fund started Fri Oct. 9th 2015
Total annual fund fees 1.11%
Total performance based fees 0.0%
Manager's basic fee 0.91%
Other management and administration charges 0.2%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Kristen Kohere-Soutar

Currently: Chair - Mercer (N.Z.) Ltd (2 years, 10 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (5 years, 1 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (13 years, 7 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, 11 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 (0 years, 4 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 (8 years, 6 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 Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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 Markets Conduct Act 2013 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.