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  5. Mercer Defensive - Managed fund profile

Mercer Defensive - Managed Fund (Closed)

Fund Objective
The Fund aims to achieve a return (before management costs) that exceeds CPI increases by at least 1% per annum over rolling three year periods.
Fund Strategy
The Fund invests in mostly defensive orientated assets, including fixed interest and cash. Diversification is achieved at the asset class, manager, country, sector and security levels, with a focus on operational efficiency and sustainability. International assets held by the Fund may be fully hedged, partially hedged, or unhedged for fluctuations in the Australian dollar against other currencies.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 1.03% -2.72% -1.39% 1.66% 2.95% 3.01% 2.89% 4.35%
Growth return 1.03% -2.72% -2.8% -2.55% -0.3% 0.11% -0.37% 0.06%
Income return 0% 0% 1.41% 4.21% 3.25% 2.9% 3.26% 4.29%
Market index (Morningstar AUS Con Tgt Alloc NR AUD)
Total return -1.11% 0.31% 2.99% 8.27% 4.32% 1.05% 0.92% 2.69%
As at 30 Apr 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Mercer Defensive
Australian Equities
6.69%
International Equities
5.42%
Cash
38.86%
Property
3.41%
Fixed Interest
41.97%
Alternatives
3.65%
Average Allocation of Peers
Australian Equities
7.54%
International Equities
4.23%
Cash
23.30%
Property
1.18%
Fixed Interest
62.37%
Alternatives
1.37%

General Information

Fund Details
Type Description
Mercer Defensive (Wholesale)
Closed
Mercer Investments (Australia) Limited
MIN0010AU
Multisector Conservative
starstarstar (as at 30 Apr 2020)
Investment Fund
30 Nov 2004
$20.4 million (as at 8 May 2020)
$0.9594 (as at 8 May 2020)
$0.9573 (as at 8 May 2020)
Finalised
Offer information
Type Description
MER 0.80% (as at 1 Nov 2019)
Indirect Cost Ratio (ICR) 0.80% (as at 30 Jun 2019)
Performance fee (not included in ICR) 0.02
Minimum initial investment $100,000
Minimum additional investments $5,000.00
Minimum redemption amount

FAQs about the Mercer Defensive

The objective of the Mercer Defensive managed fund is The Fund aims to achieve a return (before management costs) that exceeds CPI increases by at least 1% per annum over rolling three year periods.

The strategy of the Mercer Defensive managed fund is The Fund invests in mostly defensive orientated assets, including fixed interest and cash. Diversification is achieved at the asset class, manager, country, sector and security levels, with a focus on operational efficiency and sustainability. International assets held by the Fund may be fully hedged, partially hedged, or unhedged for fluctuations in the Australian dollar against other currencies.

The APIR code of the Mercer Defensive managed fund is MIN0010AU.

Mercer Defensive’s total return last month was 1.03%. This was made up of a growth return of 1.03% and an income return of 0%. These returns were calculated as at 30 Apr 2020.

Mercer Defensive’s total return for the last three months was -2.72%. This was made up of a growth return of -2.72% and an income return of 0%%. These returns were calculated as at 30 Apr 2020.

Mercer Defensive’s one-year total return is 1.66%. This was made up of a growth return of -2.55% and an income return of 4.21%. These returns were calculated as at 30 Apr 2020.

Mercer Defensive’s one-year total return is 3.01%. This was made up of a growth return of 0.11% and an income return of 2.9%. These returns were calculated as at 30 Apr 2020.

The asset allocation of the Mercer Defensive managed fund is :

Australian Equities
6.69%
International Equities
5.42%
Cash
38.86%
Property
3.41%
Fixed Interest
41.97%
Alternatives
3.65%

The Responsible Entity for the Mercer Defensive managed fund is Mercer Investments (Australia) Limited.

The Mercer Defensive managed fund belongs to the Multisector Conservative sector/asset class.

As at 8 May 2020, the size of the Mercer Defensive managed fund was $20.4 million.

The Mercer Defensive managed fund has an inception date of 30 Nov 2004.

The current entry price of the Mercer Defensive managed fund is $0.9594 per unit and the current exit price is $0.9573 per unit (as at 8 May 2020).

The current exit price of the Mercer Defensive managed fund is $0.9573 per unit and the current entry price is $0.9594 per unit (as at 8 May 2020).

The minimum initial investment amount for the Mercer Defensive managed fund is $100,000. Minimum additional investment is $5000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.