FundRock NZ Limited
InvestNow Mercer Responsible Hedged Global Fixed Interest Index Fund
InvestNow KiwiSaver SchemeDefensive
What the provider says about this fund
Provides exposure to a passively managed international fixed interest portfolio that is designed to track the return of the Bloomberg MSCI Global Aggregate SRI Select ex-Fossil Fuels Index (100% hedged to the New Zealand dollar on an after-tax basis). The Underlying Fund is managed to specific 'sustainable investment' criteria which aim to avoid investments in certain companies or activities, and encourage investment in companies with strong environmental, social and governance characteristics
1-year return
1.01%
5-year return p.a.
0.57%
Total annual fee
0.44%
Fund size ($m)
1.0
Members
91
Inception date
30 October 2020
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Cash and equivalents | 0.63% | 0.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 99.37% | 100.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 0.00% | 0.00% | 28.46% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Mercer Responsible Hedged Global Fixed Interest Index Fund | Bonds | International Fixed Interest | NZ | 100.00% |
Fees
0.44% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.36% | $108 | 0.46% |
| Other fees | 0.08% | $24 | 0.06% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.44% | $132 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2022 | -3.44% | -1.81% |
| 31 March 2023 | -4.60% | -0.19% |
| 31 March 2024 | 2.02% | 3.49% |
| 31 March 2025 | 2.36% | 3.79% |
| 31 March 2026 | 1.01% | 2.09% |
Documents
- 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 |