# Quarterly Fund Update — mercer (2025-Q4)

> KiwiSaver scheme **mercer** — Quarterly Fund Update filing covering period ending **2025-12-31**.
> Source: filed with FMA Disclose register. Canonical: https://fundcompare.co.nz/filings/qfu/mercer/2025-q4

## Funds covered

| Fund | Fees (1y) | 1y return | 3y return | 5y avg return | AUM (NZD) | Members | Growth assets |
|------|-----------|-----------|-----------|---------------|-----------|---------|---------------|
| Balanced Fund | 1.02% | — | — | — | NZD $32,699,238 | — | — |
| Cash Fund | 0.46% | — | — | — | NZD $4,016,154 | — | — |
| Conservative Fund | 0.91% | — | — | — | NZD $6,216,843 | — | — |
| Growth Fund | 1.07% | — | — | — | NZD $33,375,332 | — | — |
| High Growth Fund | 1.12% | — | — | — | NZD $19,964,193 | — | — |
| Moderate Fund | 0.97% | — | — | — | NZD $8,361,245 | — | — |

_Returns are after fees and tax at PIR 28%, sourced from the QFU PDF as filed with FMA Disclose._

## Source documents

- **Scheme-wide PDF**
  - Original PDF: https://secure.superfacts.com/web/IWfiles/attachments/Form/Mercer_FlexiSaver_Fund_update_Dec_2025_Shares_Fund.pdf
  - SHA-256: `2883a908b51335af…`
  - Ingested: 2026-05-15
- **Fund: balanced**
  - Original PDF: https://secure.superfacts.com/web/IWfiles/attachments/Form/Mercer_FlexiSaver_Fund_update_Dec_2025_Balanced_Fund.pdf
  - SHA-256: `83962c5998270cb3…`
  - Ingested: 2026-05-15
- **Fund: cash**
  - Original PDF: https://secure.superfacts.com/web/IWfiles/attachments/Form/Mercer_FlexiSaver_Fund_update_Dec_2025_Cash_Fund.pdf
  - SHA-256: `5060b9acdf702267…`
  - Ingested: 2026-05-15
- **Fund: conservative**
  - Original PDF: https://secure.superfacts.com/web/IWfiles/attachments/Form/Mercer_FlexiSaver_Fund_update_Dec_2025_Conservative_Fund.pdf
  - SHA-256: `445bf890c3b83783…`
  - Ingested: 2026-05-15
- **Fund: growth**
  - Original PDF: https://secure.superfacts.com/web/IWfiles/attachments/Form/Mercer_FlexiSaver_Fund_update_Dec_2025_Growth_Fund.pdf
  - SHA-256: `e4b8f30e06e520a4…`
  - Ingested: 2026-05-15
- **Fund: high-growth**
  - Original PDF: https://secure.superfacts.com/web/IWfiles/attachments/Form/Mercer_FlexiSaver_Fund_update_Dec_2025_High_Growth_Fund.pdf
  - SHA-256: `a741daa6413e4f61…`
  - Ingested: 2026-05-15
- **Fund: moderate**
  - Original PDF: https://secure.superfacts.com/web/IWfiles/attachments/Form/Mercer_FlexiSaver_Fund_update_Dec_2025_Moderate_Fund.pdf
  - SHA-256: `4fd4996de0491b5c…`
  - Ingested: 2026-05-15

## Data sources

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/
- IRD KiwiSaver — https://www.ird.govt.nz/kiwisaver
- Sorted Fund Finder — https://fundfinder.sorted.org.nz/

## Machine-readable surface

- Facts JSON: https://fundcompare.co.nz/api/qfu/mercer/2025-q4/facts.json
- Crawlable HTML: https://fundcompare.co.nz/filings/qfu/mercer/2025-q4

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This is an informational summary published by FundCompare NZ (https://fundcompare.co.nz) using publicly available data from the FMA Disclose register, IRD KiwiSaver, and Sorted Fund Finder. It does not constitute financial advice. FundCompare NZ is not a licensed Financial Advice Provider. Past performance is not indicative of future results — read each scheme's Product Disclosure Statement and consult a licensed financial adviser before making any decision. KiwiSaver® is a registered trademark of Inland Revenue.