Mercer (N.z.) Limited
Responsible Growth Fund
Mercer KiwiSaver SchemeGrowth
What the provider says about this fund
Invests predominantly in growth assets such as shares and real assets, with only a limited amount in defensive assets such as fixed interest and cash. This fund may be suited to investors wanting to invest mostly in growth assets who are comfortable accepting more volatile returns than those expected from the Responsible Balanced fund with a view to achieving higher longer-term 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
8.62%
5-year return p.a.
5.06%
Total annual fee
0.84%
Fund size ($m)
290.1
Members
6,062
Inception date
18 February 2015
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
80.44%
Income assets
19.56%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 18.21% | 19.00% | 20.20% |
| Cash and equivalents | 1.81% | 1.00% | 6.14% |
| International bonds | 12.19% | 14.00% | 8.75% |
| International shares | 52.68% | 52.00% | 51.02% |
| New Zealand bonds | 5.56% | 5.00% | 7.35% |
| Unlisted property | 3.10% | 3.00% | 0.70% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 2.99% |
| 2 | Nvidia Corporation | Shares | International Equities | US | 2.91% |
| 3 | Apple Inc. | Shares | International Equities | US | 2.66% |
| 4 | Infratil Limited | Shares | Australasian Equities | NZ | 1.92% |
| 5 | Microsoft Corporation | Shares | International Equities | US | 1.73% |
| 6 | Auckland International Airport Limited | Shares | Australasian Equities | NZ | 1.67% |
| 7 | Amazon.Com Inc | Shares | International Equities | US | 1.33% |
| 8 | Alphabet Inc | Shares | International Equities | US | 1.33% |
| 9 | Contact Energy Limited | Shares | Australasian Equities | NZ | 1.30% |
| 10 | The A2 Milk Company Limited | Shares | Australasian Equities | NZ | 1.21% |
Fees
0.84% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 0.77% | $231 | 0.92% |
| Other fees | 0.07% | $21 | 0.10% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.84% | $252 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 9.52% | 8.61% |
| 31 March 2018 | 8.00% | 7.38% |
| 31 March 2019 | 5.53% | 7.03% |
| 31 March 2020 | -4.97% | -3.37% |
| 31 March 2021 | 25.23% | 28.64% |
| 31 March 2022 | 4.04% | 2.17% |
| 31 March 2023 | -3.23% | -3.69% |
| 31 March 2024 | 12.59% | 14.25% |
| 31 March 2025 | 3.96% | 3.98% |
| 31 March 2026 | 8.62% | 7.60% |
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 |