Mercer KiwiSaver Scheme
Mercer Moderate Fund

In their own words: "Invests in cash and fixed interest, with about a third of investments being in growth assets such as shares and real assets. May be suitable for investors who want to invest in a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Conservative fund."

At a glance:

Mindful Fund
Type: Balanced fund
Past Returns: 4.39%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 0.79%

Annual fees, including membership and % management fee.

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More information:

A summary of this fund and it's details.

Number FND14
Name Mercer Moderate Fund
Risk profile Balanced fund
Description Invests in cash and fixed interest, with about a third of investments being in growth assets such as shares and real assets. May be suitable for investors who want to invest in a broad mix of assets and who are comfortable with a higher degree of volatility in returns than can be expected from the Conservative fund.
Value $97M NZD
Members 3,284
Market index description The composite 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/composite index explanation document in the Documents section.
Disclosure Statement Period Sun Sept. 30th 2018
Fund started Wed Feb. 18th 2015
Three-year average return 4.39%
Market index past year return 5.21%
Past year return net charges and tax 5.01
Past year return net of charges gross of tax 5.59
Market index return since fund started 5.33%
Return since fund started net 4.58%
Total annual fund fees 0.79
Total performance based fees 0.0
Manager's basic fee 0.59
Administration charges 0.2
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 30 June 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
2018 5.63% 4.78%
2017 6.10% 5.12%
2016 4.01% 3.26%

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 30 June 2019.

Showing the top 10 investments for this fund:

  • AMP Capital Investors NZ Cash Fund
    New Zealand Cash and Equivalents
    27.51%
  • Challenger Harris Global Sovereign Bond Trust
    Australia Int Fixed Interest
    2.84%
  • Robeco Global Credit Fund
    Australia Int Fixed Interest
    2.57%
  • New Zealand Government Bond 6% 15/05/2021
    New Zealand NZ Fixed Interest AA+
    2.2%
  • New Zealand Government Bond 5% 15/03/2019
    New Zealand NZ Fixed Interest AA+
    1.69%
  • New Zealand Government Bond 5.5% 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.69%
  • New Zealand Government Bond 3% 15/04/2020
    New Zealand NZ Fixed Interest AA+
    1.34%
  • New Zealand Government Bond 4.50% 15/04/2027
    New Zealand NZ Fixed Interest AA+
    1.21%
  • Westpac Business Interest Account
    New Zealand Cash and Equivalents AA-
    0.97%
  • New Zealand Government Bond 3.50% 14/04/2033
    New Zealand NZ Fixed Interest AA+
    0.89%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 24.0% 29.15%
New Zealand Fixed Interest 13.0% 11.72%
International Fixed Interest 28.0% 22.21%
Australasian Equities 7.0% 5.02%
International Equities 16.0% 20.77%
Listed Properties 2.0% 1.01%
Unlisted Properties 2.0% 2.5%
Unknown None% 0.0%
Other 7.0% 6.66%
Commodities 1.0% 0.96%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Key Personnel

  • Kylie Willment

    Currently: Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd (0 years, 11 months)
    Previously: Senior Manager, Investment & Client Strategy - TCorp (NSW Treasury Corporation) (17 years, 0 months)

  • Martin Lewington

    Currently: CEO - Mercer (N.Z.) Ltd (9 years, 7 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, 2 months)
    Previously: Chief Investment Officer - OnePath (NZ) Ltd (5 years, 3 months)

  • Ross Butler

    Currently: Chairman - Mercer (N.Z.) Ltd (5 years, 9 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 30 June 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.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.24%
  • Animal Testing:
    1.20%
  • Fossil Fuels:
    1.83%
  • Gambling:
    0.20%
  • GMOs:
    0.18%
  • Human Rights & Environmental Violations:
    0.57%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.01%
  • Weapons:
    0.06%

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?

  • 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.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.