Issues of concern

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Meta Platforms Inc-Class A 0.67%
    • Johnson & Johnson 0.49%
    • Thermo Fisher Scientific Inc 0.39%
    • Wells Fargo & Co 0.12%
    • Caterpillar Inc 0.11%
    • Motorola Solutions Inc 0.10%
    • Alstom 0.07%
    • Uber Technologies Inc 0.07%
    • Rio Tinto PLC 0.03%
    • Grupo Mexico Sab De Cv-Ser B 0.01%
    • Archer-Daniels-Midland Co 0.06%
    • Southern Copper Corp 0.04%
    • 3M Co 0.03%
    • Bayer AG-Reg 0.03%
    • Corteva Inc 0.03%
    • Fmc Corp 0.02%
    • Bunge Ltd 0.01%
    • Nutrien Ltd 0.01%
    • Yunnan Baiyao Group Co Ltd-A 0.01%
    • Procter & Gamble Co/The 0.28%
    • Sherwin-Williams Co/The 0.15%
    • LVMH Moet Hennessy Louis Vui 0.14%
    • L'Oreal 0.09%
    • Church & Dwight Co Inc 0.08%
    • Colgate-Palmolive Co 0.08%
    • Novozymes A/S-B Shares 0.07%
    • Kimberly-Clark Corp 0.06%
    • PPG Industries Inc 0.06%
    • Clorox Company 0.05%
    • Estee Lauder Companies-Cl A 0.05%
    • Seiko Epson Corp 0.05%
    • Unilever PLC 0.05%
    • Akzo Nobel N.V. 0.04%
    • Albemarle Corp 0.04%
    • Hanwha Solutions Corp 0.04%
    • Hormel Foods Corp 0.04%
    • 3M Co 0.03%
    • Bayer AG-Reg 0.03%
    • Corteva Inc 0.03%
    • Hermes International 0.03%
    • Livent Corp 0.03%
    • Shin-Etsu Chemical Co Ltd 0.03%
    • Dupont De Nemours Inc 0.02%
    • Fmc Corp 0.02%
    • Kering 0.02%
    • Rentokil Initial PLC 0.02%
    • Umicore 0.02%
    • Chr Hansen Holding A/S 0.01%
    • Givaudan-Reg 0.01%
    • Mowi Asa 0.01%
    • Nutrien Ltd 0.01%
    • Tyson Foods Inc-Cl A 0.01%
    • Walmart Inc 0.19%
    • Transdigm Group Inc 0.10%
    • Amphenol Corp-Cl A 0.07%
    • Booz Allen Hamilton Holdings 0.05%
    • Mtu Aero Engines AG 0.05%
    • Heico Corp 0.04%
    • Howmet Aerospace Inc 0.04%
    • Teledyne Technologies Inc 0.04%
    • Daikin Industries Ltd 0.03%
    • Heico Corp-Class A 0.03%
    • Verbund AG 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Constellation Energy 0.05%
    • China Longyuan Power Group-H 0.03%
    • Rio Tinto PLC 0.03%
    • Weg SA 0.03%
    • Mitsubishi Corp 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Sichuan Chuantou Energy Co-A 0.02%
    • Grupo Mexico Sab De Cv-Ser B 0.01%
    • Itochu Corp 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 2023 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

About this fund

The Aggressive Fund invests mainly in growth assets with a small allocation to income assets. The Fund aims to provide higher returns over the long term. It is suitable for investors who are prepared to accept a higher level of investment risk to potentially achieve a higher return.

MAS is a membership-based insurance and investment company for New Zealand professionals. As a mutual society, our customers become Members. We're owned by our Members so we don't have to generate big profits for external shareholders. And because MAS advisers are paid a salary with no commissions, you can be sure we have your best interest at heart. We were founded by doctors for doctors in 1921, and now more than 80% of the medical profession insure with MAS. Today we welcome all professionals along with their friends and families. If you'd like to discuss insurance, investments or lending, we'd love to talk.

Value $169M NZD
Period of data report 30th Sept. 2023
Members 3,860
Fund started 1st Oct. 2007
Total annual fund fees 1.08%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

Bruce Robertson

Currently: Portfolio manager, JBWere (26 years, 6 months)
Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

Tom Phillips

Currently: Portfolio manager, JBWere (19 years, 1 months)
Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

Earl White

Currently: Executive Advisor, Bancorp Treasury (20 years, 8 months)
Previously: Treasurer, BNP Paribas (8 years, 7 months)

Phil Borkin

Currently: Senior Strategist, JBWere (4 years, 9 months)
Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

Hayden Griffiths

Currently: Head of Asset allocation, JBWere (27 years, 5 months)
Previously: Analyst, BZW (2 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2023 -4.84% -3.54%
2022 3.55% 3.77%
2021 33.87% 30.3%
2020 -6.10% -0.73%
2019 10.35% 7.12%
2018 6.95% 6.31%
2017 10.40% 12.63%
2016 4.51% 0.53%
2015 15.30% 16.27%
2014 10.31% 11.32%

The market average is the average 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 30th Sept. 2023.

Top 10 Investments

  • Jbwere Premium Custody Call Account - NZD
    New Zealand Cash and Equivalents
    6.71%
  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    5.56%
  • Infratil Ltd
    New Zealand Australasian Equities
    4.03%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.8%
  • Apple Inc
    United States International Equities
    2.15%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.86%
  • Microsoft Corp
    United States International Equities
    1.86%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.67%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.54%
  • Auckland International Airport Ltd
    New Zealand Listed Property
    1.46%
Type Target Actual
Cash and Cash Equivalents 0.0% 6.63%
New Zealand Fixed Interest 3.5% 2.73%
International Fixed Interest 6.5% 5.56%
Australasian Equities 27.5% 27.48%
International Equities 62.5% 57.33%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.27%
Commodities 0.0% 0.0%

Investment Mix

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.