Mercer (N.z.) Limited
Responsible High Growth Fund
Mercer KiwiSaver SchemeAggressive
What the provider says about this fund
Invests almost entirely in growth assets such as shares and real assets, with only a small amount invested in defensive assets such as fixed interest and cash. May be suitable for investors wanting to invest predominantly in growth assets, who want higher long-term returns and are comfortable with high volatility 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
10.10%
5-year return p.a.
5.89%
Total annual fee
0.89%
Fund size ($m)
422.1
Members
8,088
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
96.21%
Income assets
3.79%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 20.57% | 21.00% | 28.28% |
| Cash and equivalents | 0.38% | 0.50% | 1.31% |
| International bonds | 2.41% | 3.50% | 0.17% |
| International shares | 66.07% | 65.00% | 59.89% |
| New Zealand bonds | 1.00% | 1.00% | 0.17% |
| Unlisted property | 3.18% | 3.00% | 0.17% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Nvidia Corporation | Shares | International Equities | US | 3.65% |
| 2 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 3.37% |
| 3 | Apple Inc. | Shares | International Equities | US | 3.34% |
| 4 | Infratil Limited | Shares | Australasian Equities | NZ | 2.17% |
| 5 | Microsoft Corporation | Shares | International Equities | US | 2.16% |
| 6 | Auckland International Airport Limited | Shares | Australasian Equities | NZ | 1.88% |
| 7 | Amazon.Com Inc | Shares | International Equities | US | 1.67% |
| 8 | Alphabet Inc | Shares | International Equities | US | 1.66% |
| 9 | Contact Energy Limited | Shares | Australasian Equities | NZ | 1.46% |
| 10 | The A2 Milk Company Limited | Shares | Australasian Equities | NZ | 1.36% |
Fees
0.89% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 0.82% | $246 | 0.71% |
| Other fees | 0.07% | $21 | 0.08% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.89% | $267 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2017 | 11.11% | 11.18% |
| 31 March 2018 | 9.55% | 6.93% |
| 31 March 2019 | 6.36% | 9.96% |
| 31 March 2020 | -6.22% | -6.59% |
| 31 March 2021 | 30.77% | 35.19% |
| 31 March 2022 | 4.83% | 3.36% |
| 31 March 2023 | -3.46% | -4.50% |
| 31 March 2024 | 14.68% | 16.43% |
| 31 March 2025 | 4.20% | 4.58% |
| 31 March 2026 | 10.10% | 12.72% |
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 |