FundRock NZ Limited
InvestNow Mercer NZ Shares Passive Fund
InvestNow KiwiSaver SchemeAggressive
What the provider says about this fund
Provides exposure to a passively managed New Zealand shares portfolio that is designed to track the return of the S&P/NZX 50 Index. Environmental, Social and Governance characteristics are integrated into the underlying investment managers' investment processes
1-year return
3.99%
5-year return p.a.
0.02%
Total annual fee
0.36%
Fund size ($m)
3.6
Members
329
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
99.34%
Income assets
0.66%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 99.34% | 100.00% | 28.28% |
| Cash and equivalents | 0.66% | 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 | 0.00% | 0.00% | 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 NZ Shares Passive Fund | Shares | Australasian Equities | NZ | 100.00% |
Fees
0.36% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 0.28% | $84 | 0.71% |
| Other fees | 0.08% | $24 | 0.08% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.36% | $108 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2022 | -4.07% | 3.36% |
| 31 March 2023 | -2.23% | -4.50% |
| 31 March 2024 | 1.36% | 16.43% |
| 31 March 2025 | 1.22% | 4.58% |
| 31 March 2026 | 3.99% | 12.72% |
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 |