Mercer Defence Force Shares Fund

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Fund type: Aggressive fund

Past Returns: 9.97%

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

Annual Fees: 1.06%

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 0.02%
Alfa Sab De Cv 0.01%
Anglo American PLC 0.10%
Anglo American PLC (SA Line) 0.02%
Apa Corporation Com Usd0.625 0.07%
Arcelormittal Npv Post Stk Split 0.07%
BHP Billiton Ltd 0.10%
BHP Group Limited Ordinary Fully Paid 0.30%
BP P.L.C 0.08%
Bollore Se 0.02%
Canadian Natural Resources 0.04%
Cheniere Energy Inc 0.02%
Chevron Corp 0.01%
China Petroleum & Chemical 0.03%
Conocophillips 0.02%
Continental Resources Inc/Ok 0.09%
Cosmo Energy Holdings Co Ltd 0.02%
Crestwood Equity Partners Lp 0.02%
Enbridge Inc 0.04%
Eni Spa 0.21%
Eog Resources Inc 0.06%
Equinor Asa 0.10%
Exxon Mobil Corporation 0.06%
Formosa Petrochemical Corporation 0.02%
Glencore PLC 0.01%
Guizhou Panjiang Refined Coal Co Ltd 0.02%
Itochu Enex Co Ltd 0.02%
Japan Petroleum Exploration 0.03%
Jizhong Energy Resources Co Ltd 0.06%
Keyera Corp Com 0.01%
Marathon Oil Corp 0.10%
Marathon Petrol Com 0.08%
Mitsui & Co Ltd Jpy 0.08%
Mitsui O.S.K.Linesnpv Temp 0.03%
Mol Hungarian Oil 0.02%
National Fuel Gas Company 0.02%
Nippon Yusen Kk 0.08%
OMV AG 0.07%
Oneok Inc 0.02%
Ovintiv Inc 0.03%
Ovintiv Inc Com Usd0.01 0.05%
Parkland Corp 0.01%
Pembina Pipeline 0.02%
Petrochina Co Ltd 0.03%
Petrochina Co Ltd H 0.02%
Petroleo Brasileiro Petrobras SA 0.07%
Phillips 66 Com Usd0.01 0.02%
Posco Holdings Inc 0.01%
Ptt Explor and Prod Pcl Nvdr 0.04%
Ptt Public Company Thb10 0.02%
Repsol SA 0.03%
Rubis Eur1.25 0.01%
S-Oil Corporation 0.01%
Santos Limited 0.12%
Saudi Arabian Oil 0.02%
Shell PLC Ord Eur0.07 0.12%
Sk Innovation 0.01%
Tc Energy Corp 0.03%
Ugi Corp Com 0.01%
Vale SA 0.09%
Valero Energy Corp 0.02%
Viva Energy Group Ordinary Fully Paid Deferred Settlement 0.04%
Williams Companies Inc 0.05%

Weapons

Tobacco

Casey'S General Stores Inc 0.09%
Performance Food Group Co 0.14%

Gambling

Boyd Gaming Corporation 0.02%
Mgm Growth Properties Llc 0.05%
Opap SA 0.02%
Skycity Entertainment Group Limited 0.51%

Adult Entertainment/Pornography

Mgm Growth Properties Llc 0.05%

Alcohol

Ambev SA Adr Each Repr Ord Spons 0.02%
Ambev SA Com Npv 0.02%
Constellation Brands Inc-A 0.11%
Luzhou Laojiao Co Ltd 0.01%
Treasury Wine Estates Limited 0.05%

Palm Oil

GMOs

Human Rights & Environmental Violations

Activision Blizzard Inc 0.01%
BHP Billiton Ltd 0.10%
BHP Group Limited Ordinary Fully Paid 0.30%
Bank Hapoalim Ltd 0.05%
Bank Leumi Le-Israel 0.05%
Bayer AG 0.08%
Chevron Corp 0.01%
China Petroleum & Chemical 0.03%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.04%
Evergreen Marine Corporation 0.12%
Glencore PLC 0.01%
Israel Discount Bank 0.03%
Johnson & Johnson Com US$1 0.44%
Li Ning Co Ltd 0.03%
Motorola Solutions Inc 0.32%
Mtn Group Ltd 0.03%
Nestle SA 0.28%
Petrochina Co Ltd 0.03%
Petrochina Co Ltd H 0.02%
Petroleo Brasileiro Petrobras SA 0.07%
Posco Holdings Inc 0.01%
Rio Tinto Limited 0.07%
Rio Tinto PLC 0.02%
Rio Tinto PLC Ord 10P Gbp 0.10%
Shell PLC Ord Eur0.07 0.12%
Southern Copper Corporation 0.01%
Vale SA 0.09%
Zijin Mining Group Co Ltd 0.02%
Zijin Mining Group Ordinary Shares 0.01%

Animal Testing

Air Liquide 0.05%
Amorepacific Corp 0.01%
Arkema 0.02%
Avi Ltd 0.01%
Axalta Coating Systems Ltd 0.02%
Bayer AG 0.08%
Bic 0.01%
Capri Holdings Ltd Com Npv 0.10%
Central Glass Co Ltd 0.02%
Chevron Corp 0.01%
Church & Dwight Co 0.11%
Cj Cheikjedang Corp 0.02%
Coca Cola Co USD 0.13%
Earth Corporation Npv 0.02%
Ecolab Ltd 0.15%
Estee Lauder Companies 0.09%
Ezaki Glico Co Ltd 0.04%
Far Eastern New Century Corporation 0.04%
Formosa Plastics Corporation 0.03%
Fuji Film Holdings Corp 0.01%
General Mills Inc 0.02%
Glaxosmithkline PLC 0.15%
Hermes International 0.05%
Hokuto Corp 0.02%
Inabata & Co Ltd 0.02%
Ingredion Inc Com USD 0.01 0.04%
Intl Flavors & Fragrances USD 0.13%
Jeronimo Martins Sgps SA 0.01%
Johnson & Johnson Com US$1 0.44%
Kellogg Company 0.09%
Kerry Group PLC 0.03%
Kimberly Clark Corp Com Usd1.25 0.03%
Koninklijke Dsm Nv 0.08%
Kureha Corporation Npv 0.01%
L'Oreal 0.05%
Lg Household Health Care 0.02%
Linde PLC 0.17%
Linde PLC Com 0.03%
Mondelez International Inc 0.19%
Morinaga Milk Industry Co Ltd 0.02%
Nagase & Co Ltd 0.04%
Nestle SA 0.28%
Nippon Shokubai Jp50 0.02%
Nisshinbo Holdings Inc 0.05%
Nutrien Ltd Com Npv 0.01%
PPG Industries Inc 0.02%
Pepsico Inc Cap US$0.01 2/3 0.40%
Petronas Chemicals Group Bhd 0.02%
Procter & Gamble Company 0.19%
Rpm International Inc 0.02%
Salvatore Ferragamo Spa 0.02%
Shell PLC Ord Eur0.07 0.12%
Sherwin Williams Com Usd1 0.14%
Showa Denko Kk Jpy50 0.01%
Sk Innovation 0.01%
Symrise AG 0.05%
Unilever PLC 0.03%
Yara International Asa 0.03%

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 3.19% 1.03%
2021 36.07% 36.18%
2020 -7.33% -7.29%
2019 10.16% 6.32%
2018 7.53% 10.81%
2017 9.49% 11.86%

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:

  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.39%
  • BNP Paribas US Dollar Account
    United States International Equities
    2.02%
  • Microsoft Corporation
    United States International Equities
    1.79%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.77%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.55%
  • Ebos Group Limited
    New Zealand Australasian Equities
    1.49%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.43%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.39%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.19%
  • Fletcher Building Limited
    New Zealand Australasian Equities
    1.1%

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 0.0% 1.91%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 26.0% 24.51%
International Equities 74.0% 73.58%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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:
    0.06%
  • Alcohol:
    0.24%
  • Animal Testing:
    4.36%
  • Fossil Fuels:
    3.27%
  • Gambling:
    0.60%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    2.58%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.24%
  • Weapons:
    0.04%

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 almost entirely in the share market. May be suitable for investors seeking exposure mostly to shares and who are comfortable with a high level of volatility in returns."

Value $8.3M NZD
Period of data report Thu March 31st 2022
Fund started Fri Oct. 9th 2015
Total annual fund fees 1.06%
Total performance based fees 0.0%
Manager's basic fee 0.91%
Other management and administration charges 0.15%
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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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 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.