Mercer (N.z.) Limited
Responsible Moderate Fund
Mercer KiwiSaver SchemeBalanced
What the provider says about this fund
Invests mainly in defensive assets such as fixed interest and cash, with about 40% invested in growth assets such as shares and real assets. This fund may be suitable for investors who want to invest in a fund with a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Responsible Conservative fund. 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
5.16%
5-year return p.a.
3.03%
Total annual fee
0.66%
Fund size ($m)
235.3
Members
4,827
Inception date
18 February 2015
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
40.05%
Income assets
59.95%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 9.65% | 10.00% | 13.93% |
| Cash and equivalents | 12.05% | 12.00% | 7.91% |
| International bonds | 27.74% | 29.50% | 19.39% |
| International shares | 24.58% | 24.50% | 35.53% |
| New Zealand bonds | 20.16% | 18.50% | 18.91% |
| Unlisted property | 2.09% | 2.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | New Zealand Government Bond 0.25% 15/05/2028 | Bonds | New Zealand Fixed Interest | NZ | 2.04% |
| 2 | New Zealand Government Bond 3.00% 20/04/2029 | Bonds | New Zealand Fixed Interest | NZ | 1.98% |
| 3 | New Zealand Government Bond 3.50% 14/04/2033 | Bonds | New Zealand Fixed Interest | NZ | 1.92% |
| 4 | New Zealand Government Bond 1.50% 15/05/2031 | Bonds | New Zealand Fixed Interest | NZ | 1.88% |
| 5 | New Zealand Government Bond 4.50% 15/05/2030 | Bonds | New Zealand Fixed Interest | NZ | 1.75% |
| 6 | New Zealand Government Bond 1.75% 15/05/2041 | Bonds | New Zealand Fixed Interest | NZ | 1.65% |
| 7 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 1.58% |
| 8 | New Zealand Government Bond 2.75% 15/04/2037 | Bonds | New Zealand Fixed Interest | NZ | 1.44% |
| 9 | Nvidia Corporation | Shares | International Equities | US | 1.36% |
| 10 | New Zealand Government Bond 4.25% 15/05/2036 | Bonds | New Zealand Fixed Interest | NZ | 1.34% |
Fees
0.66% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.59% | $177 | 0.77% |
| Other fees | 0.07% | $21 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.66% | $198 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 5.12% | 6.00% |
| 31 March 2018 | 4.78% | 5.23% |
| 31 March 2019 | 4.09% | 5.82% |
| 31 March 2020 | -0.74% | -1.40% |
| 31 March 2021 | 11.55% | 18.18% |
| 31 March 2022 | 1.24% | 0.77% |
| 31 March 2023 | -1.96% | -2.77% |
| 31 March 2024 | 7.23% | 10.89% |
| 31 March 2025 | 3.72% | 4.36% |
| 31 March 2026 | 5.16% | 6.36% |
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 |