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

Contact Energy Limited 1.59%
Shell PLC Ord Eur0.07 0.27%
Totalenergies Se 0.20%
Oasis Petroleum Inc 0.16%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.15%
BHP Group Limited Ordinary Fully Paid 0.14%
Dte Energy Co USD 0.14%
Eni Spa 0.13%
Santos Limited 0.12%
Hf Sinclair Corpor Com Usd0.01 0.10%
Southern Co Com USD 0.10%
Vale SA 0.10%
Cosmo Energy Holdings Co Ltd 0.08%
Hk Electric Investments Ltd 0.08%
Jizhong Energy Resources Co Ltd 0.08%
Mitsui & Co Ltd Jpy 0.08%
Nextera Energy Inc 0.08%
Iberdrola SA 0.07%
Mitsubishi Corp Y50 0.07%
OMV AG 0.07%
Equinor Asa 0.06%
Guanghui Energy Co Ltd 0.06%
Nippon Yusen Kk Npv Temp 0.06%
Ppl Corporation 0.06%
Sojitz Corporation 0.06%
American Electric Power Company Inc 0.05%
Anglo American PLC 0.05%
Harbour Energy PLC Ord Gbp0.00002 0.05%
Murphy Oil Corp 0.05%
Dt Midstream Inc Com Usd0.01 0.04%
Enbridge Inc 0.04%
Guizhou Panjiang Refined Coal Co Ltd 0.04%
Japan Petroleum Exploration 0.04%
Petrochina Co Ltd 0.04%
Repsol SA 0.04%
Tohoku Electric Power Jpy 0.04%
Valero Energy Corp 0.04%
Xcel Energy Inc 0.04%
Canadian Natural Resources 0.03%
Cheniere Energy Inc 0.03%
China Petroleum & Chemical 0.03%
Chugoku Electric Power Co 0.03%
Marubeni Corporation 0.03%
Nippon Steel Trading Corporation 0.03%
Petrochina Co Ltd H 0.03%
Saudi Arabian Oil 0.03%
Williams Companies Inc 0.03%
Cez As 0.02%
Itochu Enex Co Ltd 0.02%
Neste Oyj 0.02%
Oneok Inc 0.02%
Osk Mitsui Osk Lines Ltd 0.02%
Parkland Corp 0.02%
Pembina Pipeline 0.02%
Perusahaan Gas Negara Pt 0.02%
Phillips 66 Com Usd0.01 0.02%
Posco Holdings Inc 0.02%
Tc Energy Corp 0.02%
BP PLC -Spons Adr 0.01%
Keyera Corp Com 0.01%
Petroleo Brasileiro SA - Adr 0.01%
Power Assets Holdings Limited 0.01%
Rubis Eur1.25 0.01%
Saras Spa 0.01%
Shell PLC Spon Ads Ea Rep 2 Ord Shs 0.01%
Yankuang Energy Group Co Ltd 0.01%

Weapons

Mtu Aero Engines AG 0.06%
Kawasaki Heavy Industries Ltd 0.01%

Tobacco

Performance Food Group Co 0.17%
Casey'S General Stores Inc 0.05%
Eve Energy Co Ltd 0.03%

Gambling

Skycity Entertainment Group Limited 0.56%
Opap SA 0.02%

Alcohol

Constellation Brands Inc-A 0.28%
Royal Unibrew As 0.12%
Treasury Wine Estates Limited 0.06%
Heineken Holding Nv 0.04%
Ambev SA Com Npv 0.03%
Weichow Moutai Co Ltd 0.03%
Ambev SA Adr Each Repr Ord Spons 0.02%
Anhui Gujing Distillery Co Ltd 0.02%
Diageo Ord 28 101/108P 0.02%
Beijing Enterprises Holdings Limited 0.01%

Palm Oil

Uie PLC Usd1 0.01%

GMOs

Human Rights & Environmental Violations

Nestle SA 0.35%
Shell PLC Ord Eur0.07 0.27%
Johnson & Johnson Com US$1 0.25%
Motorola Solutions Inc 0.23%
Barrick Gold Corporation 0.17%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.15%
BHP Group Limited Ordinary Fully Paid 0.14%
Thermo Fisher Scientific Inc 0.13%
Activision Blizzard Inc 0.11%
Rio Tinto PLC Ord 10P Gbp 0.10%
Vale SA 0.10%
Bayer AG 0.09%
Petroleo Brasileiro Petrobras SA 0.08%
First International Bank Of Israel Ltd 0.07%
Petrochina Co Ltd 0.04%
China Petroleum & Chemical 0.03%
Petrochina Co Ltd H 0.03%
Southern Copper Corporation 0.03%
Fmc Corp 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%
Petroleo Brasileiro SA - Adr 0.01%
Shell PLC Spon Ads Ea Rep 2 Ord Shs 0.01%
Zte Corp-H 0.01%

Animal Testing

Procter & Gamble Company 0.48%
Pepsico Inc Cap US$0.01 2/3 0.40%
Nestle SA 0.35%
Constellation Brands Inc-A 0.28%
Shell PLC Ord Eur0.07 0.27%
Colgate Palmolive Usd1 0.22%
Koninklijke Ahold Delhaize Nv 0.19%
Mondelez International Inc 0.16%
General Mills Inc 0.15%
Kellogg Company 0.15%
Church & Dwight Co 0.14%
Kimberly Clark Corp Com Usd1.25 0.14%
Tyson Foods Inc Class A 0.14%
Coca Cola Co USD 0.13%
Eni Spa 0.13%
Nomad Foods Ltd 0.13%
Kering 0.12%
Capri Holdings Ltd Com Npv 0.11%
Campbell Soup Co USD 0.10%
Ping An Insurance Group Of China Limited 0.10%
Bayer AG 0.09%
Estee Lauder Companies 0.09%
Ingredion Inc Com USD 0.01 0.08%
Koninklijke Dsm Nv 0.08%
Sherwin Williams Com Usd1 0.08%
Hermes International 0.07%
Mitsubishi Corp Y50 0.07%
Nisshinbo Holdings Inc 0.07%
Air Liquide 0.06%
L'Oreal 0.05%
Symrise AG 0.05%
Pvh Corp Com Usd1.00 0.04%
Unilever PLC 0.04%
China Petroleum & Chemical 0.03%
Darling Ingredients Inc 0.03%
Ezaki Glico Co Ltd 0.03%
Hokuto Corp 0.03%
Hormel Foods Corporation 0.03%
Inabata & Co Ltd 0.03%
Kerry Group PLC 0.03%
Mitsubishi Gas Chemical Co 0.03%
Morinaga Milk Industry Co Ltd 0.03%
Orkla Asa 0.03%
Pilgrims Pride Corp 0.03%
Rpm International Inc 0.03%
Alsea Sab De Cv 0.02%
Avi Ltd 0.02%
Cj Cheikjedang Corp 0.02%
Fmc Corp 0.02%
Ralph Lauren Corp Com 0.02%
Shinsegae Co Ltd 0.02%
Air Water Inc 0.01%
Canon Inc 0.01%
Canon Inc Adr 0.01%
Grupo Mexico Sab De Cv-Ser B 0.01%
Kerry Group PLC-A 0.01%
Seaworld Entertainmet Inc 0.01%
Shell PLC Spon Ads Ea Rep 2 Ord Shs 0.01%
Usana Helath Sciences Inc 0.01%
Xerox Hldgs Corp Com Usd1.00 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% 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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.35%
  • BNP Paribas US Dollar Account
    United States International Equities
    2.2%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.77%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.69%
  • Ebos Group Limited
    New Zealand Australasian Equities
    1.67%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.66%
  • Microsoft Corporation
    United States International Equities
    1.66%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.59%
  • Infratil Limited
    New Zealand Australasian Equities
    1.45%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.26%

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 0.0% 4.05%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 26.0% 26.04%
International Equities 74.0% 69.91%
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 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:
    0.66%
  • Animal Testing:
    5.59%
  • Fossil Fuels:
    5.51%
  • Gambling:
    0.59%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    2.63%
  • Palm Oil:
    0.03%
  • Tobacco:
    0.26%
  • Weapons:
    0.11%

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

Value $7.9M NZD
Period of data report Fri Sept. 30th 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, 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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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.