The Investnow Mercer Ethical Leaders Hedged Global Fixed Interest Index Fund is offered through Fundrock as part of the INVESTNOW KIWISAVER SCHEME. This scheme fund holds 100% income assets and 0% growth assets, positioning it as a defensive investment option. The fund tracks global fixed interest markets while applying ethical screening criteria, and sits within the provider's range as a conservative allocation choice for members seeking international bond exposure.

Over the five-year period to 31 March 2026, this scheme fund delivered a 0.00% average annual return. The annual fee of 0.44% sits below the peer-median fee of 0.62% for defensive scheme funds in the same cohort. The fund currently holds $1.0 million in assets across 91 members. Past performance is not a reliable indicator of future returns, and market conditions may differ materially from the historical period reviewed.

The FMA risk indicator places this scheme fund at 4 out of 7, reflecting a moderate-to-defensive risk profile. On the standard risk scale, funds at this level are typically considered appropriate for members with a lower risk tolerance or those approaching their withdrawal date who prioritise capital stability over growth. The fund's composition of income assets only means it experiences lower volatility than growth-oriented alternatives, though returns may be more modest.

Past performance is not a reliable indicator of future returns.

Fee Type	% Over a year	Amount paid on a 30k balance
Management This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.	0.36% Average: 0.47%	$108.00 Average: $141.79
Other This is a summary of other potential costs not covered in the categories displayed.	0.08% Average: 0.05%	$24.00 Average: $15.28
Performance-based These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.	— Average: 0.00%	$0.00 Average: $0.00
Membership You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance.	0.00% Average: 0.05%	$0.00 Average: $15.54
Total combined fees These are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing.	0.44% Average: 0.58%	$132.00 Average: $172.61

Name	FUNDROCK NZ LIMITED
Type	NZ Limited Company
Website	fundrock.com
NZBN	9429031398602
FSP Number	FSP127464

Asset liquidity ratio	100.00%
Total value of fund	$983671
Debt ratio

Investnow Mercer Ethical Leaders Hedged Global Fixed Interest Index Fund

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