Mercer KiwiSaver Scheme
Mercer Cash Fund
In their own words: "Invests mainly in cash and short term interest bearing investments. Designed for investors who want no exposure to growth assets or where the funds may be required in the shorter term. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance."
At a glance:
Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee, assuming $10,000 investment.
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More information:
A summary of this fund and it's details.
| Number | FND11 |
| Name | Mercer Cash Fund |
| Risk profile | Defensive fund |
| Description | Invests mainly in cash and short term interest bearing investments. Designed for investors who want no exposure to growth assets or where the funds may be required in the shorter term. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance. |
| Value | $18M NZD |
| Members | 1,059 |
| Market index description | The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives. Also refer to the Market index explanation document in the Documents section. |
| Disclosure Statement Period | Sun March 31st 2019 |
| Fund started | Mon Oct. 1st 2007 |
| Three-year average return | 1.53% |
| Market index past year return | 2.01% |
| Past year return net charges and tax | 1.5 |
| Past year return net of charges gross of tax | 2.06 |
| Market index return since fund started | 2.72% |
| Return since fund started net | 2.17% |
| Total annual fund fees | 0.36 |
| Total performance based fees | 0.0 |
| Manager's basic fee | 0.32 |
| Administration charges | 0.04 |
| Total other charges | 30.0 |
| Total other charges currency | NZD |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.
The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.
| Year | Market Index | Fund Annual Return |
|---|---|---|
| 2019 | 2.26% | 1.5% |
| 2018 | 2.15% | 1.47% |
| 2017 | 1.38% | 1.61% |
| 2016 | 2.64% | 2.28% |
| 2015 | 4.66% | 2.62% |
| 2014 | 2.00% | 2.01% |
| 2013 | 3.15% | 1.93% |
| 2012 | 3.62% | 2.32% |
| 2011 | 3.17% | 3.2% |
| 2010 | 3.39% | 2.78% |
The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.
Showing the top 10 investments for this fund:
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AMP Capital Investors NZ Cash Fund
New Zealand Cash and Equivalents NA98.29% -
BNP New Zealand Dollar Custodial Account Indexed Cash Portfolio
New Zealand Cash and Equivalents NA1.24% -
Westpac Business Interest Account
New Zealand Cash and Equivalents AA-0.47%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.
How the money in this fund is invested.
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 100.0% | 100.0% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Unknown | None% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.
Key Personnel
-
Kylie Willment
Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (1 years, 5 months)
Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months) -
Martin Lewington
Currently: CEO - Mercer (N.Z.) Ltd (10 years, 1 months)
Previously: Head of Investments - Mercer (N.Z.) Ltd (3 years, 8 months) -
Philip Houghton-Brown
Currently: Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd (6 years, 8 months)
Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months) -
Ronan Mccabe
Currently: Head of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd (0 years, 1 months)
Previously: Senior Investment Manager - Ireland Strategic Investment Fund (ISIF) (3 years, 7 months) -
Ross Butler
Currently: Chairman - Mercer (N.Z.) Ltd (6 years, 3 months)
Previously: Chairman - Mercer Investment Nominees (NZ) Ltd (2 years, 0 months)
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.
The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.
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Adult Entertainment/Pornography:0.00%
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Alcohol:0.00%
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Animal Testing:0.00%
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Fossil Fuels:0.00%
-
Gambling:0.00%
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GMOs:0.00%
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Human Rights & Environmental Violations:0.00%
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Palm Oil:0.00%
-
Tobacco:0.00%
-
Weapons:0.00%
This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.
Does this fund have a policy to exclude any industries from its investments?
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Adult Entertainment/Pornography:
-
Alcohol:
-
Animal Testing:
-
Fossil Fuels:
-
Gambling:
-
GMOs:
-
Human Rights & Environmental Violations:
-
Palm Oil:
-
Tobacco:
-
Weapons:
This data is compiled from Mindful Money analysis of Fund websites. Note that the Fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the Fund.
Many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.
Download the fund's disclosure statement and portfolio holdings.
This information has been sourced from the six monthly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.
