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MERCER KIWISAVER SCHEME

MERCER BALANCED FUND

Mercer (N.Z.) Limited

Balanced fund type

Here's what the provider says about this fund:

Invests in a wide range of assets. May be suitable for investors who want a diversified investment with exposure to shares, real assets, alternative assets, fixed interest and cash, who are comfortable with a higher degree of volatility in returns than can be expected from the Moderate fund and who can invest for the long term.

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

Combined fees

This fund
0.96%
vs
Average
1.25%

The combined fees are how much you would have been charged for the year ended 31 March 2020 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
$30.32

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
0.79%
Average
1.07%
Annual management fee
0.68%
0.90%
Performance-based fees
0.00%
0.02%
Other fees and costs
0.11%
0.16%

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 $17,300 the annual fees would be approximately:

This fund
$166.67
Average
$216.25

Services

From the September 2019 KiwiSaver provider survey

This fund
89%
vs
Average
85%

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
91%
Average
87%

Communications to members

86%
85%

Other services

89%
81%

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 2015

This fund
3.84%
vs
Average
3.91%

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
-2.84%
Average
-1.83%

April 2019 - March 2020

-2.84%
-1.83%

April 2018 - March 2019

5.04%
5.27%

April 2017 - March 2018

6.51%
5.17%

April 2016 - March 2017

7.30%
4.83%

April 2015 - March 2016

3.52%
2.51%

April 2014 - March 2015

11.34%
7.31%

April 2013 - March 2014

8.03%
4.24%

April 2012 - March 2013

7.91%
6.05%

April 2011 - March 2012

0.05%
0.73%

April 2010 - March 2011

5.41%
2.61%

The last twelve months refers to April 2019 to March 2020.

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 2020

This shows the actual mix of investments that this fund held on 31 March 2020. 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 12.31 34.32 5.91 36.62 10.84

Fund information

Number of members
12,329
Total value of fund
$394,420,823
Date fund started
01 Oct 2007

More information

More information can be found at:

www.mercerkiwisaverscheme.co.nz

Top 10 investments

These assets make up 23.79% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents NZ 11.8 Amp Capital Investors Nz Cash Fund
International fixed interest AU 2.05 Robeco Global Credit Fund
Other NZ 1.91 First State Investments Global Listed Infrastructure Fund
Australasian equities NZ 1.25 The A2 Milk Company Limited
Australasian equities NZ 1.25 Fisher & Paykel Healthcare Corporation
International fixed interest AU 1.18 Aviva Investors Multi-Strategy Fixed Income Fund
New Zealand fixed interest NZ 1.18 New Zealand Government Bond 5.5% 15/04/2023
New Zealand fixed interest NZ 1.08 New Zealand Government Bond 6% 15/05/2021
International equities NZ 1.05 Bnp Paribas Us Dollar Account
New Zealand fixed interest NZ 1.04 New Zealand Government Bond 3.5% 14/04/2033

Key personnel

Key personnel
Name Current position Time in role
Kristen Kohere-Soutar Chair - Mercer (N.Z.) Ltd 0 years, 4 months
Martin Lewington Ceo - Mercer (N.Z.) Ltd 11 years, 1 months
Philip Houghton-Brown Chief Investment Officer - New Zealand, Mercer (N.Z.) Ltd 7 years, 8 months
Kylie Willment Chief Investment Officer, Pacific, Mercer Australia (Pty) Ltd 2 years, 5 months
Ronan Mccabe Head Of Portfolio Management, Delegated Solutions Pacific, Mercer Australia (Pty) Ltd 1 years, 0 months