FundRock NZ Limited

InvestNow Mercer Global Listed Real Estate Fund

InvestNow KiwiSaver SchemeAggressive

What the provider says about this fund

Provides exposure to an actively managed fund that invests in a global portfolio of property securities listed on stock exchanges around the world. Environmental, Social and Governance characteristics are integrated into the investment process

1-year return

7.18%

5-year return p.a.

0.96%

Total annual fee

1.35%

Fund size ($m)

0.3

Members

Inception date

20 October 2020

Risk indicator

The official Smart Investor risk indicator uses a scale from 1 to 7.

Lower riskHigher risk

Investment mix

Growth assets

99.69%

Income assets

0.31%

Asset class	Actual	Target	Average for Aggressive funds
Australasian shares	0.00%	0.00%	28.28%
Cash and equivalents	0.31%	0.00%	1.31%
Commodities	0.00%	0.00%	0.09%
International bonds	0.00%	0.00%	0.17%
International shares	0.00%	0.00%	59.89%
Listed property	99.69%	100.00%	8.08%
New Zealand bonds	0.00%	0.00%	0.17%
Unknown	0.00%	0.00%	0.00%
Unlisted property	0.00%	0.00%	0.17%

Top 10 holdings

Rank	Asset	Asset class	Asset type	Country	% of fund
1	Mercer Global Listed Real Estate Fund	Property	Listed Property	NZ	100.00%

Fees

1.35% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Aggressive funds
Management fees	1.27%	$381	0.71%
Other fees	0.08%	$24	0.08%
Membership fees	0.00%	$0	0.05%
Total combined fees	1.35%	$405	0.85%

Yearly returns

Year ending	Fund return	Average for Aggressive funds
31 March 2022	16.06%	3.36%
31 March 2023	-23.07%	-4.50%
31 March 2024	7.68%	16.43%
31 March 2025	1.81%	4.58%
31 March 2026	7.18%	12.72%

Documents

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