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Mercer KiwiSaver Scheme

Mercer Moderate Fund

Mercer (N.Z.) Limited

Balanced fund type

Here's what the provider says about this fund:

The Mercer Moderate fund invests in cash and fixed interest, with about a third of investments being in growth assets such as shares and real assets. This may be suitable for investors who want to reduce the risk of a negative return by investing in a broader mix of assets and who are willing to accept slightly more volatile returns in the shorter term in exchange for improved longer-term returns.

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

Combined fees

This fund
0.90%
vs
Average
1.29%

The combined fees are how much you would have been charged for the year ended 31 March 2017 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
$30.00
Average
$30.35

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
0.67%
Average
1.05%
Annual management fee
0.59%
0.88%
Performance-based fees
0.00%
0.00%
Other fees and costs
0.08%
0.18%

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 balanced fund of $12,800 the annual fees would be approximately:

This fund
$115.76
Average
$166.40

Services

From the March 2017 KiwiSaver provider survey

This fund
90%
vs
Average
80%

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
90%
Average
79%

Communications to members

94%
81%

Other services

83%
79%

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 a range of additional services that are helpful.

Must-knows of KiwiSaver service

Returns

Since April 2012

This fund
No 5-year
data yet
vs
Average
7.72%

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.

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Compare past returns

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

Last twelve months

This fund
5.12%
Average
5.16%

April 2016 - March 2017

5.12%
6.25%

April 2015 - March 2016

3.26%
3.96%

The last twelve months refers to April 2016 to March 2017.

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

Balanced fund type

Which is the right type for me?

What’s in this fund

At 31 March 2017

This shows the actual mix of investments that this fund held on 31 March 2017. 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 28.42 34.66 3.6 24.99 8.33

Fund information

Number of members
2,217
Total value of fund
$54,512,890
Date fund started
18 Feb 2015

More information

More information can be found at:

www.mercerkiwisaverscheme.co.nz

Top 10 investments

These assets make up 54.71% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents NZ 25.93 Amp Capital Investors Nz Cash Fund
New Zealand fixed interest NZ 12.38 Anz Wholesale Sovereign Bond Fund
International fixed interest AU 5.29 Challenger Harris Global Sovereign Bond Trust
International equities AU 3.39 Schroder Global Core Fund
International fixed interest AU 3.19 Colonial First State Wholesale Investment Grade Corporate Bond Fund
Cash and cash equivalents NZ 1.86 Westpac Business Interest Account
Unlisted Property NZ 0.74 Fisher Institutional Property Fund
Other NZ 0.65 First State Investments Global Listed Infrastructure Fund
International equities AU 0.64 Blackrock Global Enhanced Emerging Markets Fund - E Class
International equities AU 0.64 Fidelity Select Global Small Cap Fund

Key personnel

Key personnel
Name Current position Time in role
Ross Butler Chairman - Mercer (N.Z) Ltd 4 years, 3 months
Martin Lewington Ceo - Mercer (N.Z.) Ltd 8 years, 1 months
Philip Houghton-Brown Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd 4 years, 8 months
Russell Clarke Chief Investment Officer - Pacific, Mercer Australia (Pty) Ltd 3 years, 8 months
Philip Graham Deputy Chief Investment Officer - Pacific, Mercer Australia (Pty) Ltd 5 years, 8 months