Medical Assurance Society Aggressive Fund

In their own words: "The Aggressive Fund aims to provide very high growth over the long term. It invests predominantly (around 85%) in Growth assets (such as Australasian and international equities) and around 15% in Income assets (such as New Zealand and international fixed interest). It may be more suited to investors who accept its higher risk profile and greater volatility. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance."

At a glance:

Not Mindful
Type: Growth fund
Past Returns: 8.69%

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

Annual Fees: 1.2%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1161
Name Medical Assurance Society Aggressive Fund
Risk profile Growth fund
Description The Aggressive Fund aims to provide very high growth over the long term. It invests predominantly (around 85%) in Growth assets (such as Australasian and international equities) and around 15% in Income assets (such as New Zealand and international fixed interest). It may be more suited to investors who accept its higher risk profile and greater volatility. This Fund is certified by the Responsible Investment Association of Australasia (RIAA) and engages with companies to improve their performance.
Value $87M NZD
Members 3,500
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 8.69%
Market index past year return 8.66%
Past year return net charges and tax 7.12%
Past year return net of charges gross of tax 7.73%
Market index return since fund started 8.76%
Return since fund started net 7.56%
Total annual fund fees 1.2%
Total performance based fees 0.0%
Manager's basic fee 1.02%
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 September 2019.

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

Year Market Average Fund Annual Return
2019 6.87% 7.12%
2018 7.63% 6.31%
2017 8.87% 12.63%
2016 3.62% 0.53%
2015 13.73% 16.27%
2014 8.43% 11.32%
2013 12.00% 10.26%
2012 -1.50% -9.42%
2011 6.13% 5.81%
2010 23.64% 17.53%

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 September 2019.

Showing the top 10 investments for this fund:

  • Hunter Global Fixed Interest Fund
    New Zealand International Fixed Interest
    4.49%
  • Spdr Tech Select Exchange Traded Fund
    United States New Zealand Fixed Interest
    4.24%
  • Spdr S&P Bank Exchange Traded Fund
    United States New Zealand Fixed Interest
    3.5%
  • Chorus Bond 06/12/2028 4.35%
    New Zealand New Zealand Fixed Interest BBB
    3.33%
  • Health Care Select Exchange Traded Fund
    United States International Equities
    2.56%
  • Jbwere Premium Custody Account
    New Zealand Cash and Cash Equivalents
    2.44%
  • A2 Milk Company Limited
    New Zealand Australasian Equities
    2.32%
  • Vector Bond 14/03/2024 4.996%
    New Zealand New Zealand Fixed Interest BBB
    1.97%
  • Infratil Limited
    New Zealand Australasian Equities
    1.85%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.85%

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

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 4.18%
New Zealand Fixed Interest 5.0% 6.98%
International Fixed Interest 10.0% 4.49%
Australasian Equities 26.0% 24.49%
International Equities 59.0% 58.51%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 1.35%
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 September 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 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.05%
  • Animal Testing:
    2.81%
  • Fossil Fuels:
    0.04%
  • Gambling:
    0.33%
  • GMOs:
    0.13%
  • Human Rights & Environmental Violations:
    0.04%
  • Palm Oil:
    0.03%
  • Tobacco:
    0.00%
  • Weapons:
    0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. 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.

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.

Note that 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

Specific companies invested in:

Fossil Fuel

Energy Transfer Partners Lp 150325 4.05 Cb 0.02%

Weapons

Textron Inc 101120 Frn 0.01%

Gambling

Sky City Entertainment Group 0.16%
Aristocrat Leisure Ltd 0.14%

Alcohol

Anheuser Busch Inbev Nv 070325 1.75 Cb 0.02%
Pernod Ricard Sa 150122 4.45 Cb 0.02%

Palm Oil

Astra International 0.03%

GMOs

Syngenta Finance Ag 230421 3.933 Cb 0.02%
Dupont De Nemours Inc 0.11%

Human Rights & Environmental Violations

Astra International 0.03%

Animal Testing

Syngenta Finance Ag 230421 3.933 Cb 0.023%
Danone Sa 021121 2.077 Cb 0.019%
Tesco Property Finance Plc 130440 5.744 Sf 0.014%
Procter & Gamble 0.667%
Pepsico Inc 0.407%
Unilever Nv 0.189%
Unilever Plc 0.138%
Colgate-Palmolive 0.122%
Danone Sa 0.117%
Reckitt Benckiser Group Plc 0.113%
Kimberly Clark Corp 0.105%
Estee Lauder Inc Class A 0.096%
General Mills Inc 0.071%
Shiseido Ltd 0.071%
Ppg Industries Inc 0.063%
Givaudan Sa 0.055%
Koninkilijke Dsm Nv 0.050%
Akzo Nobel Nv 0.046%
Clorox 0.042%
Henkel & Kgaa Pref Ag 0.038%
Coca Cola European Partners Plc 0.029%
International Flavors & Fragrances 0.029%
Beiersdorf Ag 0.025%
Burberry Group Plc 0.025%
Associated British Foods Plc 0.021%
Henkel Ag 0.021%
Solvay Sa 0.021%
Chr Hansen Holding 0.021%
Croda International Plc 0.017%
Kikkoman Corp 0.013%
Sainsbury(J) Plc 0.013%

Download the fund's disclosure statement and portfolio holdings.

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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.