Mercer (N.z.) Limited
Responsible Conservative Fund
Mercer KiwiSaver SchemeConservative
What the provider says about this fund
Invests mostly in defensive assets such as fixed interest, with only limited investment in growth assets such as shares. May be suitable for investors who want to achieve slightly higher returns than those expected from investing solely in the Cash fund. Investors need to be comfortable with the possibility of some fluctuations in returns. This fund is managed with reference to environmental, social and governance (ESG) factors and is certified by the Responsible Investment Association of Australasia.
1-year return
3.77%
5-year return p.a.
2.18%
Total annual fee
0.49%
Fund size ($m)
780.8
Members
21,398
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
19.87%
Income assets
80.13%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 4.87% | 5.00% | 5.79% |
| Cash and equivalents | 19.85% | 20.00% | 20.22% |
| International bonds | 33.08% | 35.00% | 27.47% |
| International shares | 15.00% | 15.00% | 14.45% |
| New Zealand bonds | 27.20% | 25.00% | 29.28% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | IShares Mortgage Backed Bond ETF | Bonds | International Fixed Interest | US | 3.96% |
| 2 | New Zealand Government Bond 0.25% 15/05/2028 | Bonds | New Zealand Fixed Interest | NZ | 2.74% |
| 3 | New Zealand Government Bond 3.00% 20/04/2029 | Bonds | New Zealand Fixed Interest | NZ | 2.70% |
| 4 | New Zealand Government Bond 3.50% 14/04/2033 | Bonds | New Zealand Fixed Interest | NZ | 2.62% |
| 5 | New Zealand Government Bond 1.50% 15/05/2031 | Bonds | New Zealand Fixed Interest | NZ | 2.54% |
| 6 | New Zealand Government Bond 4.50% 15/05/2030 | Bonds | New Zealand Fixed Interest | NZ | 2.35% |
| 7 | New Zealand Government Bond 1.75% 15/05/2041 | Bonds | New Zealand Fixed Interest | NZ | 2.22% |
| 8 | New Zealand Government Bond 2.75% 15/04/2037 | Bonds | New Zealand Fixed Interest | NZ | 1.94% |
| 9 | New Zealand Government Bond 4.25% 15/05/2036 | Bonds | New Zealand Fixed Interest | NZ | 1.81% |
| 10 | New Zealand Government Bond 2.00% 15/05/2032 | Bonds | New Zealand Fixed Interest | NZ | 1.80% |
Fees
0.49% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.42% | $126 | 0.70% |
| Other fees | 0.07% | $21 | 0.11% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.49% | $147 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 4.00% | 3.59% |
| 31 March 2018 | 3.83% | 3.30% |
| 31 March 2019 | 3.90% | 4.43% |
| 31 March 2020 | 0.97% | 1.24% |
| 31 March 2021 | 6.78% | 8.66% |
| 31 March 2022 | -0.44% | -0.64% |
| 31 March 2023 | -1.67% | -1.65% |
| 31 March 2024 | 5.89% | 6.61% |
| 31 March 2025 | 3.57% | 3.59% |
| 31 March 2026 | 3.77% | 3.96% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Anna Scott | CEO - Mercer (N.Z.) Ltd | 6 months |
| Del Hart | Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd | 1 month |
| Kylie Willment | Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd | 8 years, 5 months |
| Robert Kavanagh | Head of Portfolio Management NZ - Mercer (N.Z.) Ltd | 12 years |
| Ross Butler | Chair - Mercer (N.Z.) Ltd | 2 years, 11 months |