Funds

This is a Mindful fund Mercer Ethical Leaders NZ Shares Fund

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Issues of concern

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.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

  • Fossil Fuels

    • Contact Energy Ltd. 5.25% 1.5°C
      This company is on a 1.5°C pathway

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2024 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.

About this fund

In their own words

The fund is a diversified portfolio of predominantly New Zealand shares across a range of industries and sectors. The portfolio may also invest in Australian shares. The fund is managed to specific ‘sustainable investment’ criteria which prohibits investments in certain companies or activities, and encourages investment in companies with strong environmental, social and governance factors and also actively engages on key thematic engagements each year. This fund has additional exclusions applied as described in our Sustainable Investment Policy and has been certified by the Responsible Investment Association of Australasia (RIAA). The fund aims to provide a Gross Return1 above the return of the S&P/NZX 50 Index (on a gross basis and including imputation credits) over a rolling three year period.

Mercer is one of the world’s leading firms for superannuation, investments and workforce consulting, with over 25,000 colleagues worldwide helping build brighter futures for our customers and clients. Mercer has been helping Kiwis save for their best possible retirement for over 60 years. Our team of investment experts search the globe to find some of the best and most diverse investments to help maximise KiwiSaver returns and we invest responsibly.

Value $35.7M NZD
Period of data report 30th Sept. 2024
Fund started 12th Dec. 2012
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.75%
Other management and administration charges 0.15%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Ross Butler

Currently: Chair - Mercer (N.Z.) Ltd (1 years, 5 months)
Previously: Director - Mercer Investments (Australia) Limited (10 years, 4 months)

Martin Lewington

Currently: CEO - Mercer (N.Z.) Ltd (15 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 (6 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 (2 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 (10 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 30th Sept. 2024.

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
2024 14.61% 5.19%
2023 -4.85% -6.58%
2022 3.53% -1.15%
2021 35.55% 36.83%
2020 -7.06% -0.52%
2019 10.17% 15.95%
2018 7.53% 12.47%
2017 9.49% 5.83%
2016 4.71% 15.41%
2015 14.67% 16.49%

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 30th Sept. 2024.

Top 10 Investments

  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    15.52%
  • Infratil Ltd
    New Zealand Australasian Equities
    8.53%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    7.63%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    6.85%
  • The A2 Milk Company Ltd
    New Zealand Australasian Equities
    5.33%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    5.25%
  • Summerset Group Holdings Ltd
    New Zealand Australasian Equities
    5.18%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    4.36%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    3.67%
  • Ryman Healthcare Ltd
    New Zealand Australasian Equities
    2.95%
Type Target Actual
Cash and Cash Equivalents 0.0% 3.68%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 100.0% 96.32%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

Target

Actual

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.