Mercer (N.z.) Limited
Balanced Fund
New Zealand Defence Force KiwiSaver SchemeBalanced
What the provider says about this fund
Invests mainly in growth assets such as share and real assets, with about 40% invested in defensive assets such as fixed interest and cash. May be suitable for investors who want a diversified investment with exposure to shares, real assets, fixed interest and cash, who are comfortable with a higher degree of volatility in returns than can be expected from the Moderate fund and who can invest for the long term.
1-year return
8.31%
5-year return p.a.
4.00%
Total annual fee
0.80%
Fund size ($m)
123.0
Members
3,003
Inception date
9 October 2015
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
60.15%
Income assets
39.85%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 13.44% | 14.00% | 13.93% |
| Cash and equivalents | 4.19% | 4.00% | 7.91% |
| International bonds | 24.48% | 26.00% | 19.39% |
| International shares | 42.57% | 42.00% | 35.53% |
| Listed property | 1.96% | 2.00% | 2.24% |
| New Zealand bonds | 11.18% | 10.00% | 18.91% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Nvidia Corporation | Shares | International Equities | US | 2.07% |
| 2 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 2.06% |
| 3 | Apple Inc | Shares | International Equities | US | 1.91% |
| 4 | Infratil Limited | Shares | Australasian Equities | NZ | 1.41% |
| 5 | Microsoft Corporation | Shares | International Equities | US | 1.29% |
| 6 | Auckland International Airport Limited | Shares | Australasian Equities | NZ | 1.19% |
| 7 | New Zealand Government Bond 0.25% 15/05/2028 | Bonds | New Zealand Fixed Interest | NZ | 1.13% |
| 8 | New Zealand Government Bond 3.0% 20/04/2029 | Bonds | New Zealand Fixed Interest | NZ | 1.10% |
| 9 | New Zealand Government Bond 3.50% 14/04/2033 | Bonds | New Zealand Fixed Interest | NZ | 1.07% |
| 10 | New Zealand Government Bond 1.50% 15/05/2031 | Bonds | New Zealand Fixed Interest | NZ | 1.04% |
Fees
0.80% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.59% | $177 | 0.77% |
| Other fees | 0.21% | $63 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.80% | $240 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 6.91% | 6.00% |
| 31 March 2018 | 6.27% | 5.23% |
| 31 March 2019 | 4.85% | 5.82% |
| 31 March 2020 | -3.06% | -1.40% |
| 31 March 2021 | 17.87% | 18.18% |
| 31 March 2022 | 1.79% | 0.77% |
| 31 March 2023 | -3.91% | -2.77% |
| 31 March 2024 | 9.42% | 10.89% |
| 31 March 2025 | 4.94% | 4.36% |
| 31 March 2026 | 8.31% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Anna Scott | CEO - Mercer (N.Z.) Ltd | 6 months |
| David Scobie | Principal, Investments New Zealand - Mercer (N.Z.) Ltd | 2 years, 8 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 |
| Ross Butler | Chair - Mercer (N.Z.) Ltd | 2 years, 11 months |