FundRock NZ Limited
InvestNow Mercer Responsible Balanced Fund
InvestNow KiwiSaver SchemeBalanced
What the provider says about this fund
Provides exposure to a diversified portfolio with a slightly higher allocation to a mix of growth assets (e.G. Shares and listed infrastructure) relative to a mix of income assets (e.G. Cash and fixed interest). The fund is managed with reference to environmental, social and governance factors and has exposure to investment strategies targeting sustainability themes
1-year return
6.21%
5-year return p.a.
3.41%
Total annual fee
1.27%
Fund size ($m)
0.7
Members
67
Inception date
20 October 2020
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
61.75%
Income assets
38.25%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 12.63% | 13.00% | 13.93% |
| Cash and equivalents | 4.03% | 4.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 23.18% | 26.00% | 19.39% |
| International shares | 40.96% | 39.00% | 35.53% |
| Listed property | 0.00% | 0.00% | 2.24% |
| New Zealand bonds | 11.04% | 10.00% | 18.91% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 2.92% | 3.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Mercer Responsible Balanced Fund | Fund | Fund | NZ | 100.00% |
Fees
1.27% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.07% | $321 | 0.77% |
| Other fees | 0.20% | $60 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.27% | $381 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2022 | 2.77% | 0.77% |
| 31 March 2023 | -4.69% | -2.77% |
| 31 March 2024 | 10.65% | 10.89% |
| 31 March 2025 | 2.75% | 4.36% |
| 31 March 2026 | 6.21% | 6.36% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Other material information
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Anthony Sowerby | Investment Committee Member | 6 years |
| Jason Choy | Investment Committee Member | 3 years, 8 months |
| Kimi David | Investment Committee Member | 1 year, 1 month |
| Mike Heath | Investment Committee Member | 6 years |