Mercer Responsible Conservative Fund
Responsible Conservative Fund is a conservative KiwiSaver fund managed by Mercer. It has 21,398 members and holds $781 million. It opened in 2007.
Fees and returns
- Annual fee
- 0.49% of your balance each year
- Return over 1 year
- +3.8% a year
- Return over 3 years
- +4.4% a year
- Return over 5 years
- +2.2% 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 +2.2% a year. The median for mainstream conservative funds over the same period was +2.3% a year, across 29 funds. This fund is behind that median, by 0.1 percentage points.
What it invests in
International fixed interest 33%, new zealand fixed interest 27%, cash and cash equivalents 20%, international equities 15%.
Largest holdings
- Ishares Mbs Etf 3.96%
- New Zealand Government 150528 0.25 Gb 2.74%
- New Zealand Government 200429 3.0 Gb 2.7%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +3.8% |
| 2024/25 | +3.6% |
| 2023/24 | +5.9% |
| 2022/23 | −1.7% |
| 2021/22 | −0.4% |
| 2020/21 | +6.8% |
| 2019/20 | +1.0% |
| 2018/19 | +3.9% |
| 2017/18 | +3.8% |
| 2016/17 | +4.0% |
About this fund
The Mercer Responsible Conservative Fund is a conservative fund built on Mercer's multi-manager structure, investing mostly in defensive assets such as fixed interest and cash, with limited exposure to growth assets such as shares and real assets. It is managed with reference to environmental, social and governance (ESG) factors as part of Mercer's responsible-investment approach. It has operated since 2007 and carries an annual fund charge of 0.49%.