Mercer KiwiSaver scheme
Balanced investment option
Mercer (N.Z.) Limited
Balanced 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.
The combined fees are how much you would have been charged for the year ended 31 March 2015 on the average KiwiSaver balance.
All the averages you see are for this same type of fund, so you’re comparing apples with apples.
Combined fees include
Membership fees per year
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
Annual management fee
Other fees and costs
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.
Combined fees example
On a balanced fund of $9,800 the annual fees would be approximately:
From the March 2015 KiwiSaver provider survey
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.
Help with investment options
Communications to members
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.
Since April 2010
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.
Compare past returns
Last twelve months
April 2013 - March 2014
April 2012 - March 2013
April 2011 - March 2012
April 2010 - March 2011
April 2009 - March 2010
April 2008 - March 2009
The last twelve months refers to April 2014 to June 2015.
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.
More fund details
What’s in this fund
At 30 June 2015
This shows the actual mix of investments that this fund held on 30 June 2015. 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
- Number of members
- Total value of fund
- Date fund started
- 01 Oct 2007
More information can be found at:
Top 10 investments
These assets make up 42.25% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|Fund||New Zealand||12||AMP Capital NZ Cash Fund|
|Fund||New Zealand||10.6||ANZ Wholesale Sovereign Bond Fund|
|Fund||Australia||5.14||Schroder Global Enhanced Index Fund|
|Fund||Australia||4.43||Challenger Harris Global Sovereign Bond Trust|
|Fund||Australia||2.52||Colonial First State First Choice WS Global Corporate Bond Fund|
|Cash and Cash Equivalents||New Zealand||2.36||Westpac Business Interest Account|
|Fund||Australia||1.44||BlackRock Investment Management (Enhanced) Emerging Market Shares|
|Fund||New Zealand||1.43||Fisher Institutional Property Fund|
|Fund||Australia||1.2||Fidelity Select Global Small Cap Fund|
|Fund||Australia||1.13||Colonial First State Infrastructure Income Fund|
|Name||Current position||Time in role|
|Ross Butler||Chairman - Mercer (N.Z) Limited||2 years 6 months|
|Martin Lewington||Managing Director - Mercer (N.Z.) Limited||6 years 4 months|
|Philip Houghton-Brown||Head of Investments - Mercer (N.Z.) Limited||2 years 11 months|
|Russell Clarke||Chief Investment Officer - Pacific, Mercer Australia (Pty) Ltd, and||1 year 11 months|
|Philip Graham||Deputy Chief Investment Officer - Pacific, Mercer Australia (Pty) Ltd||3 years 11 months|