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Mercer KiwiSaver scheme

Balanced investment option

Mercer (N.Z.) Limited

Growth fund type

Here's what the provider says about this fund:

The Mercer Balanced investment option is suitable for investors seeking a diversified investment, who are able to withstand a higher degree of volatility in returns than can be expected from the Mercer KiwiSaver Conservative investment option with a view to achieving enhanced longer-term returns from the 60% allocation to growth assets.

Considering switching to this fund? Read the must-knows of switching funds before you start the switching process.

Combined fees

This fund
1.21%
vs
Average
1.66%

The combined fees are how much you would have been charged for the year ended 31 March 2014 on the average KiwiSaver balance.

All the averages you see are for this same type of fund, so you’re comparing apples with apples.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$34.2
Average
$34.77

Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.

+ Total fund fees

This fund
0.82%
Average
1.24%
Annual management fee
0.72%
0.84%
Performance-based fees
0.03%
0.10%
Other fees and costs
0.07%
0.25%

Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.

Must-knows of KiwiSaver fees.

Combined fees example

On a growth fund of $8,700 the annual fees would be approximately:

This fund
$105.54
Average
$144.42

Services

From the September 2014 KiwiSaver provider survey

This fund
79%
vs
Average
75%

We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.

So this rating is more about the quantity than the quality of services. 

Show survey categories

Compare services

Help with investment options

This fund
86%
Average
76%

Communications to members

71%
74%

Other services

78%
74%

Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver. 

More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.

These extras include help with maximising your member tax credit, bringing super funds from Australia or drawing down your KiwiSaver.

Must-knows of KiwiSaver service

Returns

Since April 2009

This fund
9.08%
vs
Average
9.97%

Warning about returns!

These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.

Show yearly returns

Compare past returns

All returns shown are after total fund fees (not membership fees) and tax (28% PIR).

Last twelve months

This fund
9.86%
Average
10.52%

April 2013 - March 2014

8.03%
8.71%

April 2012 - March 2013

7.91%
12.71%

April 2011 - March 2012

0.05%
-0.52%

April 2010 - March 2011

5.41%
5.76%

April 2009 - March 2010

24.53%
24.17%

April 2008 - March 2009

-20.75%
-18.66%

The last twelve months refers to October 2013 to September 2014.

In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.

Must-knows of KiwiSaver returns.

More fund details

Growth fund type

Which is the right type for me?

What’s in this fund

At 30 September 2014

This shows the actual mix of investments that this fund held on 30 September 2014. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.

 

How this fund invests your money

How this fund invests your money
Cash Bonds Property Shares Other
Assets 16 21 6 45 12

Fund information

Number of members
4,895
Total value of fund
$66,172,372
Date fund started
10 Jan 2007

More information

More information can be found at:

www.mercerkiwisaverscheme.co.nz

Top 10 investments

These assets make up 39.13% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Fund New Zealand 13.54 AMP Capital NZ Cash Fund
Fund New Zealand 6.29 ANZ Wholesale Sovereign Bond Fund
Fund Australia 6.1 Schroder Global Enhanced Index Fund
Fund Australia 3.33 Challenger Harris Global Sovereign Bond Trust
Fund Australia 1.91 BlackRock Investment Management (Enhanced) Market Shares
Fund New Zealand 1.84 Fisher Institutional Property Fund
Cash and cash equivalents New Zealand 1.72 Westpac Business Interest Account
Fund Australia 1.61 Colonial First State Infrastructure Income Fund
Fund Australia 1.41 Investa Commercial Property Fund
Australasian Equities New Zealand 1.38 Fletcher Building Ltd

Key personnel

Key personnel
Name Current position Time in role
Ross Butler Chairman - Mercer (N.Z) Limited 1 year 9 months
Martin Lewington Managing Director - Mercer (N.Z.) Limited 5 years 7 months
Philip Houghton-Brown Head of Investments - Mercer (N.Z.) Limited 2 years 2 months
Russell Clarke Chief Investment Officer - Pacific, Mercer Australia (Pty) Ltd, and 1 year 2 months
Philip Graham Deputy Chief Investment Officer - Pacific, Mercer Australia (Pty) Ltd 3 years 2 months