Funds

Mercer Income Generator Fund

Total Ethical Concerns: 7.44%

The average total concerns of all managed balanced funds is 8.32%.

Companies of Concern

  • Animal Cruelty 0.11%

    • Unilever PLC
      0.02%
      0.02%
    • 0.01%
  • Human Rights Violations 0.21%

    • Wells Fargo
      0.05%
      0.05%
    • UBS
      0.04%
      0.04%
    • General Motors
      0.03%
      0.03%
    • 0.02%
    • Nestlé
      0.02%
      0.02%
    • 0.01%
  • Social Harm 0.37%

  • Fossil Fuels 4.43%

    • Contact Energy Ltd.
      1.91%
      1.5°C
      This company is on a 1.5°C pathway
      1.91%
    • Enbridge, Inc.
      0.41%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.41%
    • National Grid PLC
      0.36%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.36%
    • 0.26%
    • Sempra Energy
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • Cheniere Energy, Inc.
      0.16%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.16%
    • Pg&E Corp
      0.16%
      0.16%
    • Channel Infrastructure
      0.15%
      0.15%
    • Kinder Morgan, Inc.
      0.15%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.15%
    • Oneok, Inc.
      0.12%
      0.12%
    • CMS Energy Corp.
      0.09%
      0.09%
    • Clp Holdings Ltd.
      0.09%
      0.09%
    • Gibson Energy, Inc.
      0.09%
      0.09%
    • Snam Spa
      0.09%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.09%
    • Royal Vopak Nv
      0.06%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.06%
    • American Electric Power Co., Inc.
      0.05%
      0.05%
    • Xcel Energy, Inc.
      0.05%
      0.05%
    • ERG SpA
      0.03%
      0.03%
  • Environmental Harm 2.51%

    • Fonterra
      2.25%
      2.25%
    • Pg&E Corp
      0.16%
      0.16%
    • Coca-Cola
      0.03%
      0.03%
    • PepsiCo
      0.02%
      0.02%
    • Unilever PLC
      0.02%
      0.02%

From the Fund Provider

  • About this fund

    About this Fund

    The fund aims to provide a gross fixed monthly income in excess of bank deposit rates, along with a positive return on capital over the long term. To achieve this, the fund invests in a diversified mix of growth and defensive assets, with a focus on reliable income generation. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes. The fund aims to maximise the amount of the monthly distribution payments to investors by outperforming, over the medium term, the weighted average return of the market indices used to measure performance of the underlying funds/assets in which the fund invests.

    Value $28.8M NZD
    Period of data report 31st March 2025
    Fund started 30th June 2014
    Total annual fund fees 0.99%
    Total performance based fees 0.0%
    Manager's basic fee 0.72%
    Other management and administration charges 0.27%
    Total other charges 0.0
    Total other charges currency NZD

    Ross Butler

    Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
    Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

    Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (16 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 (7 years, 5 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 (2 years, 10 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 (11 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 31st March 2025.

  • Past Returns

    Past Returns

    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
    2025 4.02% 1.79%
    2024 9.97% 5.2%
    2023 -2.59% -2.29%
    2022 1.06% 4.03%
    2021 18.16% 16.77%
    2020 -1.83% -3.82%
    2019 4.49% 7.28%
    2018 4.41% 3.19%
    2017 5.71% 4.88%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • Fisher & Paykel Healthcare Corporation Limited

      New Zealand Australasian Equities

      4.35%
    • Macquarie True Index Listed Property Fund

      Australia Listed Property

      3.68%
    • Auckland International Airport Limited

      New Zealand Australasian Equities

      3.07%
    • Ishares Mbs ETF

      United States Int Fixed Interest

      3.0%
    • Infratil Limited

      New Zealand Australasian Equities

      2.22%
    • Contact Energy Limited

      New Zealand Australasian Equities

      1.62%
    • Meridian Energy Limited

      New Zealand Australasian Equities

      1.58%
    • The A2 Milk Company Limited

      New Zealand Australasian Equities

      1.4%
    • Ebos Group Limited

      New Zealand Australasian Equities

      1.35%
    • Rabobank Nederland Frn 16/03/2026

      New Zealand NZ Fixed Interest A+

      1.34%
    Type Target Actual
    Cash and Cash Equivalents 10.0% 7.32%
    New Zealand Fixed Interest 25.0% 26.66%
    International Fixed Interest 25.0% 24.39%
    Australasian Equities 30.0% 24.68%
    International Equities 0.0% 0.0%
    Listed Properties 5.0% 6.75%
    Unlisted Properties 0.0% 0.0%
    Other 5.0% 10.2%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 0.11% Animal Cruelty
  • 0.21% Human Rights Violations
  • 0.37% Social Harm
  • 4.43% Fossil Fuels
  • 0.0% Weapons
  • 2.51% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Unilever PLC
      0.02%
      0.02%
    • 0.01%
  • Human Rights Violations

    • Wells Fargo
      0.05%
      0.05%
    • UBS
      0.04%
      0.04%
    • General Motors
      0.03%
      0.03%
    • 0.02%
    • Nestlé
      0.02%
      0.02%
    • 0.01%
  • Fossil Fuels

    • Contact Energy Ltd.
      1.91%
      1.5°C
      This company is on a 1.5°C pathway
      1.91%
    • Enbridge, Inc.
      0.41%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.41%
    • National Grid PLC
      0.36%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.36%
    • 0.26%
    • Sempra Energy
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • Cheniere Energy, Inc.
      0.16%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.16%
    • Pg&E Corp
      0.16%
      0.16%
    • Channel Infrastructure
      0.15%
      0.15%
    • Kinder Morgan, Inc.
      0.15%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.15%
    • Oneok, Inc.
      0.12%
      0.12%
    • CMS Energy Corp.
      0.09%
      0.09%
    • Clp Holdings Ltd.
      0.09%
      0.09%
    • Gibson Energy, Inc.
      0.09%
      0.09%
    • Snam Spa
      0.09%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.09%
    • Royal Vopak Nv
      0.06%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.06%
    • American Electric Power Co., Inc.
      0.05%
      0.05%
    • Xcel Energy, Inc.
      0.05%
      0.05%
    • ERG SpA
      0.03%
      0.03%
  • Environmental Harm

    • Fonterra
      2.25%
      2.25%
    • Pg&E Corp
      0.16%
      0.16%
    • Coca-Cola
      0.03%
      0.03%
    • PepsiCo
      0.02%
      0.02%
    • Unilever PLC
      0.02%
      0.02%

About this Fund

The fund aims to provide a gross fixed monthly income in excess of bank deposit rates, along with a positive return on capital over the long term. To achieve this, the fund invests in a diversified mix of growth and defensive assets, with a focus on reliable income generation. Environmental, Social and Governance characteristics are integrated into the underlying investment managers’ investment processes. The fund aims to maximise the amount of the monthly distribution payments to investors by outperforming, over the medium term, the weighted average return of the market indices used to measure performance of the underlying funds/assets in which the fund invests.

Value $28.8M NZD
Period of data report 31st March 2025
Fund started 30th June 2014
Total annual fund fees 0.99%
Total performance based fees 0.0%
Manager's basic fee 0.72%
Other management and administration charges 0.27%
Total other charges 0.0
Total other charges currency NZD

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 11 months)
Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (16 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 (7 years, 5 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 (2 years, 10 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 (11 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 31st March 2025.

Past Returns

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
2025 4.02% 1.79%
2024 9.97% 5.2%
2023 -2.59% -2.29%
2022 1.06% 4.03%
2021 18.16% 16.77%
2020 -1.83% -3.82%
2019 4.49% 7.28%
2018 4.41% 3.19%
2017 5.71% 4.88%

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 31st March 2025.

Top 10 Investments

  • Fisher & Paykel Healthcare Corporation Limited

    New Zealand Australasian Equities

    4.35%
  • Macquarie True Index Listed Property Fund

    Australia Listed Property

    3.68%
  • Auckland International Airport Limited

    New Zealand Australasian Equities

    3.07%
  • Ishares Mbs ETF

    United States Int Fixed Interest

    3.0%
  • Infratil Limited

    New Zealand Australasian Equities

    2.22%
  • Contact Energy Limited

    New Zealand Australasian Equities

    1.62%
  • Meridian Energy Limited

    New Zealand Australasian Equities

    1.58%
  • The A2 Milk Company Limited

    New Zealand Australasian Equities

    1.4%
  • Ebos Group Limited

    New Zealand Australasian Equities

    1.35%
  • Rabobank Nederland Frn 16/03/2026

    New Zealand NZ Fixed Interest A+

    1.34%
Type Target Actual
Cash and Cash Equivalents 10.0% 7.32%
New Zealand Fixed Interest 25.0% 26.66%
International Fixed Interest 25.0% 24.39%
Australasian Equities 30.0% 24.68%
International Equities 0.0% 0.0%
Listed Properties 5.0% 6.75%
Unlisted Properties 0.0% 0.0%
Other 5.0% 10.2%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.