Medical Assurance Society KiwiSaver Plan
Medical Assurance Society Moderate Fund

In their own words: "The Moderate Fund aims to provide stable returns. It invests predominantly (around 65%) in Income assets (such as cash and New Zealand and international fixed interest), and around 35% in Growth assets (such as Australasian and international equities) to provide the opportunity for some capital growth over time. It may be more suited to investors wanting a strong emphasis on the security of their savings but who also want a degree of capital growth."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 4.90%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.19%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1158
Name Medical Assurance Society Moderate Fund
Risk profile Balanced fund
Description The Moderate Fund aims to provide stable returns. It invests predominantly (around 65%) in Income assets (such as cash and New Zealand and international fixed interest), and around 35% in Growth assets (such as Australasian and international equities) to provide the opportunity for some capital growth over time. It may be more suited to investors wanting a strong emphasis on the security of their savings but who also want a degree of capital growth.
Value $60M NZD
Members 1,909
Market index description The market index return is the benchmark asset allocation weighted benchmark index return, where the benchmark indices are defined in the Statement of Investment Policy and Objectives.
Disclosure Statement Period Sun March 31st 2019
Fund started Mon Oct. 1st 2007
Three-year average return 4.90%
Market index past year return 6.87%
Past year return net charges and tax 4.17%
Past year return net of charges gross of tax 5.05%
Market index return since fund started 7.00%
Return since fund started net 5.94%
Total annual fund fees 1.19%
Total performance based fees 0.0%
Manager's basic fee 1.01%
Administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2019 5.68% 4.17%
2018 5.63% 4.16%
2017 6.10% 6.38%
2016 4.01% 1.16%
2015 11.09% 11.4%
2014 7.28% 5.84%
2013 10.75% 7.99%
2012 1.75% 0.15%
2011 5.30% 5.56%
2010 16.19% 13.33%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Showing the top 10 investments for this fund:

  • Hunter Global Fixed Interest Fund
    New Zealand International Fixed Interest
    34.35%
  • Jbwere Premium Custody Call Account
    New Zealand Cash and Cash Equivalents
    10.75%
  • Vector Bond 14/03/2024 4.996%
    New Zealand New Zealand Fixed Interest BBB
    3.18%
  • Iag Notes 15/06/2043 5.15%
    New Zealand New Zealand Fixed Interest BBB
    2.47%
  • Spdr Tech Select Exchange Traded Fund
    United States New Zealand Fixed Interest
    1.74%
  • ANZ Bank Bond 20/03/2024 3.03%
    New Zealand New Zealand Fixed Interest AA-
    1.66%
  • Bank Of China Bond 17/10/2022 4.09%
    New Zealand New Zealand Fixed Interest A
    1.65%
  • Jbwere Premium Custody Call Account
    New Zealand Cash and Cash Equivalents
    1.54%
  • Chorus Bond 06/12/2028 4.35%
    New Zealand New Zealand Fixed Interest BBB
    1.53%
  • Spdr S&P Bank Exchange Traded Fund
    United States New Zealand Fixed Interest
    1.44%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 6.0% 15.04%
New Zealand Fixed Interest 21.0% 16.12%
International Fixed Interest 38.0% 34.36%
Australasian Equities 11.0% 10.39%
International Equities 24.0% 24.09%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Key Personnel

  • Bruce Robertson

    Currently: Portfolio manager, JBWere (22 years, 0 months)
    Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

  • Earl White

    Currently: Executive Advisor, Bancorp Treasury (16 years, 2 months)
    Previously: Treasurer, BNP Paribas (8 years, 7 months)

  • Hayden Griffiths

    Currently: Asset allocation, JBWere (22 years, 11 months)
    Previously: Analyst, BZW (2 years, 5 months)

  • Phil Borkin

    Currently: Senior Strategist, JBWere (0 years, 3 months)
    Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

  • Tom Phillips

    Currently: Portfolio manager, JBWere (14 years, 7 months)
    Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.19%
  • Animal Testing:
    1.66%
  • Fossil Fuels:
    0.16%
  • Gambling:
    0.24%
  • GMOs:
    0.14%
  • Human Rights & Environmental Violations:
    0.01%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    0.05%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. Note that the Fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the Fund.

Many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.