Mercer Overseas Shares (Hedged) Fund

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Not Mindful
Type: Aggressive fund
Past Returns: *-6.07%

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 any membership and % management 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

Anglo American PLC 0.15%
Apache Corp 0.04%
BHP Billiton Ltd 0.04%
BHP Group PLC 0.26%
China Petroleum & Chemical 0.05%
Conocophillips 0.08%
Dmci Holdings Inc 0.02%
Drax Group PLC 0.02%
Electric Power Development Co Ltd 0.01%
Enagas 0.04%
Enel Spa 0.10%
Engie Aug5 0.13%
Engie Brasil Energia SA 0.03%
Eog Resources Inc 0.05%
Glencore PLC 0.01%
Gs Holdings Corp 0.02%
Guangdong Investment Limited 0.35%
Idemitsu Kosan Co Ltd 0.03%
Itochu Corp Jpy 0.10%
Japan Petroleum Exploration 0.03%
Lyondellbasell Industries 0.27%
Marathon Oil Corp 0.08%
Marathon Petrol Com 0.06%
Nrg Energy Inc 0.09%
OMV AG 0.05%
Orix Corporation Jpy50 0.10%
Phillips 66 Com Usd0.01 0.07%
Repsol SA 0.04%
Rio Tinto PLC 0.03%
Rio Tinto PLC Ord 10P Gbp 0.33%
Royal Dutch Shell PLC-B Shs 0.06%
Rubis Eur1.25 0.59%
Shell Midstream Partners Lp 0.04%
Sojitz Corporation 0.07%
Sumitomo Corp Jpy 0.07%
Tatneft PJSC Ads 0.04%
Teck Resources Limited Class B 0.04%
Teck Resources Ltd Class B 0.01%
Total Se 0.06%
Valero Energy Corp 0.08%
Western Midstream Partners Lp 0.01%

Weapons

Amphenol Corp-Cl A 0.46%
Howmet Aerospace I Com USD 0.10%
Lear Corp 0.06%
Rheinmetall AG 0.05%
Sanmina Corp Com USD 0.0 0.05%
Teledyne Technologies Inc 0.04%
Transdigm Group Inc 0.23%

Tobacco

Spartannash Co 0.02%

Gambling

Churchill Downs Incorporated 0.07%
Las Vegas Sands Corp 0.11%

Alcohol

Marston S Ord 0.01%
Metcash Limited 0.06%
Treasury Wine Estates Limited 0.28%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.04%
BHP Group PLC 0.26%
Bunge Limited 0.02%
Freeport Mcmoran Inc 0.05%
Glencore PLC 0.01%
Johnson & Johnson Com US$1 0.81%
Nestle SA 0.42%
Nutrien Ltd Com Npv 0.01%
Rio Tinto PLC 0.03%
Rio Tinto PLC Ord 10P Gbp 0.33%
Royal Dutch Shell PLC-B Shs 0.06%
Tokyo Electric Power Company Holdings Incorporated 0.06%

Animal Testing

Celanese Corp Series A 0.120%
Dow Inc 0.120%
Eastman Chemical Com 0.120%
Glaxosmithkline PLC 0.140%
Hanwha Solutions Corp 0.090%
Hermes International 0.140%
Idemitsu Kosan Co Ltd 0.030%
Intl Flavors & Fragrances USD 0.400%
Johnson & Johnson Com US$1 0.810%
Kikkoman Corporation Jpy 0.120%
Kraft Heinz Co Com Usd0.01 0.160%
Kronos Worldwide Inc 0.010%
L'Oreal 0.020%
Lyondellbasell Industries 0.270%
Mitsui Chemicals Inc 0.070%
Mosaic Co Com 0.100%
Nestle SA 0.420%
Nutrien Ltd Com Npv 0.010%
Osaka Soda Co Ltd Npv 0.020%
Pepsico Inc Cap US$0.01 2/3 0.080%
Procter & Gamble Company 0.200%
Royal Dutch Shell PLC-B Shs 0.060%
Rpm International Inc 0.100%
Solvay SA Belgian Bef 0.030%
Stepan Co 0.050%
Trinseo SA 0.020%
Turkiye Is Bankasi-C 0.050%
Unilever PLC 0.080%
Xerox Hldgs Corp Com Usd1.00 0.060%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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
2020 -7.57% -15.41%
2019 10.01% 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 Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • Ssga Passive Fx Overlay 139% (Hedged Overseas Shares Portfolio B)
    New Zealand International Equities
    2.33%
  • BNP Paribas New Zealand Dollar Account
    New Zealand International Equities
    2.27%
  • Amazon.Com Inc
    United States International Equities
    2.09%
  • Microsoft Corp.
    United States International Equities
    1.9%
  • BNP Paribas US Dollar Account
    United States International Equities
    1.47%
  • Charles Schwab Corporation
    United States International Equities
    1.4%
  • Intact Financial Corporation
    Canada International Equities
    1.35%
  • Intel Corporation
    United States International Equities
    1.18%
  • Nvidia Corporation
    United States International Equities
    1.16%
  • Alphabet Inc
    United States International Equities
    1.15%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.98%
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% 99.02%
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 Dec. 31st 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:
    0.35%
  • Animal Testing:
    3.93%
  • Fossil Fuels:
    3.77%
  • Gambling:
    0.18%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.10%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.02%
  • Weapons:
    0.99%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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 intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

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 $1.5M NZD
Period of data report Thu Dec. 31st 2020
Members Not provided
Fund started Wed Dec. 20th 2017
Total annual fund fees 0.97%
Total performance based fees 0.0%
Manager's basic fee 0.82%
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 (1 years, 1 months)
Previously: Director - Mercer (N.Z.) Ltd (current) (3 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (11 years, 10 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, 2 months)
Previously: Senior Manager Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

Ronan Mccabe

Currently: Acting Chief Investment Officer - New Zealand Mercer (N.Z.) Ltd (0 years, 4 months)
Previously: Head of Portfolio Management Delegated Solutions Pacific Mercer Australia (Pty) Ltd (current) (1 years, 9 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 2020.

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.