Mercer Responsible Moderate

Nearly half of this fund sits in government and corporate bonds, with New Zealand sovereign debt dominating the top ten holdings. Eight of the ten largest positions are NZ government bonds with maturities ranging from 2028 to 2041, together accounting for over 14% of the portfolio. International bonds add another 28%, while the growth allocation of 37% splits between international shares at 25% and Australasian equities near 10%. The equity side includes Fisher & Paykel Healthcare as the largest domestic holding and Nvidia leading the international exposure.

The fund charges 0.66% annually in total fees and sits 8th in its category over both one and five years, with returns of 7.1% and 4.0% respectively. Over three years it ranks 9th with an 8.1% return. The moderate risk level reflects the tilt toward fixed income, with cash and equivalents adding another 12% for ballast. At $241.5 million in assets under management, it runs a relatively concentrated bond book, leaning heavily on the New Zealand government's credit. The responsible investment label suggests some screening or exclusions apply, though the portfolio construction itself centres on capital preservation through sovereign and investment-grade debt rather than dramatic thematic bets.

General information only, not financial advice. Past performance is not a reliable indicator of future results.