Mercer Overseas Shares (Hedged) Fund

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Fund type: Aggressive fund

Past Returns: 13.65%

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

Annual Fees: 0.97%

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 0.08%
Anglo American PLC 0.33%
Arcelormittal Npv Post Stk Split 0.22%
BHP Billiton Ltd 0.31%
BHP Group Limited Ordinary Fully Paid 0.07%
BP P.L.C 0.26%
Bollore Se 0.05%
Canadian Natural Resources 0.13%
Conocophillips 0.08%
Crestwood Equity Partners Lp 0.02%
Eni Spa 0.42%
Eog Resources Inc 0.19%
Equinor Asa 0.02%
Exxon Mobil Corporation 0.21%
Japan Petroleum Exploration 0.02%
Marathon Petrol Com 0.17%
Mitsui & Co Ltd Jpy 0.27%
Mitsui O.S.K.Linesnpv Temp 0.06%
Nippon Yusen Kk 0.24%
OMV AG 0.22%
Repsol SA 0.11%
Shell PLC 0.02%
Shell PLC Ord Eur0.07 0.37%
Ugi Corp Com 0.03%
Viper Energy Partners Lp 0.02%
Williams Companies Inc 0.09%

Tobacco

Performance Food Group Co 0.47%

Alcohol

Constellation Brands Inc-A 0.36%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.31%
BHP Group Limited Ordinary Fully Paid 0.07%
Bank Hapoalim Ltd 0.11%
Bayer AG 0.22%
Evergreen Marine Corporation 0.34%
Johnson & Johnson Com US$1 0.78%
Motorola Solutions Inc 0.63%
Nestle SA 0.41%
Rio Tinto Limited 0.21%
Rio Tinto PLC 0.06%
Rio Tinto PLC Ord 10P Gbp 0.28%
Shell PLC 0.02%
Shell PLC Ord Eur0.07 0.37%

Animal Testing

Air Water Inc 0.01%
Arkema 0.07%
Bayer AG 0.22%
Coca Cola Co USD 0.21%
Far Eastern New Century Corporation 0.13%
Hermes International 0.14%
Intl Flavors & Fragrances USD 0.40%
Jeronimo Martins Sgps SA 0.01%
Johnson & Johnson Com US$1 0.78%
Kureha Corporation Npv 0.04%
Linde PLC Com 0.09%
Mondelez International Inc 0.25%
Nestle SA 0.41%
Pepsico Inc Cap US$0.01 2/3 0.53%
Shell PLC 0.02%
Shell PLC Ord Eur0.07 0.37%
Sherwin Williams Com Usd1 0.19%
Showa Denko Kk Jpy50 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.

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% 3.48%
2021 36.07% 52.88%
2020 -7.33% -15.41%
2019 10.16% 3.28%

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:

  • Ssga Passive Fx Overlay 139% (Hedged Overseas Shares Portfolio B)
    New Zealand International Equities
    4.12%
  • Microsoft Corporation
    United States International Equities
    2.89%
  • BNP Paribas New Zealand Dollar Account
    New Zealand International Equities
    2.31%
  • BNP Paribas US Dollar Account
    United States International Equities
    1.77%
  • Charles Schwab Corporation
    United States International Equities
    1.76%
  • Health Care Group Limited
    United States International Equities
    1.49%
  • Intact Financial Corporation
    Canada International Equities
    1.47%
  • Meta Platforms Inc
    United States International Equities
    1.37%
  • Asml Holdings Nv
    Netherlands International Equities
    1.22%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    1.15%

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% 1.15%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 98.85%
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:
    0.00%
  • Alcohol:
    0.36%
  • Animal Testing:
    3.92%
  • Fossil Fuels:
    4.01%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    3.81%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.47%
  • Weapons:
    0.00%

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 overseas share markets hedged into New Zealand dollars. May be suitable for investors seeking exposure to international shares and who are comfortable with a high level of volatility in returns."

Value $32k NZD
Period of data report Thu March 31st 2022
Fund started Wed Dec. 20th 2017
Total annual fund fees 0.97%
Total performance based fees 0.0%
Manager's basic fee 0.82%
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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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.