Mercer Growth Fund
Growth Fund is a growth KiwiSaver fund managed by Mercer. It has 1,740 members and holds $57 million. It opened in 2015.
Fees and returns
- Annual fee
- 0.88% of your balance each year
- Return over 1 year
- +10.0% a year
- Return over 3 years
- +9.2% a year
- Return over 5 years
- +5.1% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned +5.1% a year. The median for mainstream growth funds over the same period was +5.0% a year, across 28 funds. This fund is ahead of that median, by 0.1 percentage points.
What it invests in
International equities 54%, australasian equities 21%, international fixed interest 12%, new zealand fixed interest 6%.
Largest holdings
- Fisher & Paykel Healthcare Corporation Limited 3.28%
- Nvidia Corp 2.6%
- Apple Inc 2.4%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +10.0% |
| 2024/25 | +5.5% |
| 2023/24 | +12.2% |
| 2022/23 | −4.3% |
| 2021/22 | +2.8% |
| 2020/21 | +24.8% |
| 2019/20 | −5.2% |
| 2018/19 | +5.4% |
| 2017/18 | +7.7% |
| 2016/17 | +9.1% |
About this fund
The Growth Fund is a diversified growth fund on Mercer's multi-manager structure, investing predominantly in growth assets such as shares and real assets with a limited amount in defensive assets such as fixed interest and cash. It is managed by Mercer. It has operated since 2015 and carries an annual fund charge of 0.88%.