Medical Assurance Society Global Equities Fund

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Not Mindful
Type: Aggressive fund
Past Returns: 4.44%

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

Annual Fees: 1.15%

Annual fees, including any membership and % management fee.

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.


Weapons

Meggitt Plc 0.01%
Leidos Holdings, Inc. 0.01%

Gambling

Sega Sammy Holdings Inc. 0.01%

Palm Oil

Pt Astra International Tbk 0.02%
Kuala Lumpur Kepong Berhad 0.01%
Indofood Sukses Makmur Tbk 0.01%

GMOs

Dupont De Nemours Inc. 0.08%
Novozymes A/S - B Shares 0.03%
Stora Enso Oyj 0.02%

Human Rights & Environmental Violations

Pt Astra International Tbk 0.02%
Nestle (Malaysia) Berhad 0.01%
Johnson & Johnson 0.25%

Animal Testing

Procter & Gamble Co. 0.940%
Pepsico Inc. 0.570%
Unilever Nv 0.240%
L'Oreal Sa 0.220%
Unilever Plc 0.190%
Reckitt Benckiser Group Plc 0.180%
Colgate-Palmolive Co. 0.180%
Kimberly-Clark Corporation 0.150%
Danone Sa 0.130%
Kao Corporation 0.130%
Estee Lauder Companies - Class A 0.120%
General Mills Inc. 0.110%
Givaudan 0.090%
Shiseido Co. Ltd. 0.080%
Koninklijke Dsm Nv 0.080%
Clorox Company 0.080%
Ppg Industries Inc. 0.070%
Akzo Nobel Nv 0.050%
Henkel Ag & Co Kgaa - Non-Voting 0.050%
International Flavors & Fragrances Inc. 0.040%
Beiersdorf Ag 0.030%
Novozymes A/S - B Shares 0.030%
Croda International Plc 0.030%
Coca-Cola European Partners 0.030%
Associated British Foods Plc 0.020%
Chr Hansen Holding A/S 0.020%
Henkel Ag & Co Kgaa 0.020%
Burberry Group Plc 0.020%
Solvay Sa 0.020%
Coca-Cola Hbc Ag 0.020%
Kikkoman Corporation 0.020%
Sainsbury Plc 0.010%
Jeronimo Martins Sgps Sa 0.010%
Amorepacific Corporation 0.010%
Far Eastern New Century Corporation 0.010%
Mitsui Chemicals Inc. 0.010%
Nestle (Malaysia) Berhad 0.010%
Kimberly-Clark De Mexico - A Shares 0.010%
Johnson & Johnson 0.250%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 2020 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.

A summary of this fund and its details.

Number FND1162
Name Medical Assurance Society Global Equities Fund
Risk profile Aggressive fund
Description The Global Equities Fund aims to provide very high growth over the long term. It invests predominantly (around 100%) in Growth assets (such as Australasian and international equities). It may be more suited to members 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 $51M NZD
Members 1,786
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.
Period of data report Tue March 31st 2020
Fund started Mon Oct. 1st 2007
Three-year average return 4.44%
Market index past year return %
Past year return net of charges and tax None%
Past year return net of charges gross of tax None%
Market index return since fund started 6.46%
Return since fund started net 5.79%
Total annual fund fees 1.15%
Total performance based fees 0.0%
Manager's basic fee 1.01%
Administration charges 0.15%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

  • Bruce Robertson

    Currently: Portfolio manager, JBWere (23 years, 0 months)
    Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

  • Bruce Robertson

    Currently: Portfolio manager, JBWere (23 years, 0 months)
    Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

  • Bruce Robertson

    Currently: Portfolio manager, JBWere (23 years, 0 months)
    Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

  • Bruce Robertson

    Currently: Portfolio manager, JBWere (23 years, 0 months)
    Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

  • Bruce Robertson

    Currently: Portfolio manager, JBWere (23 years, 0 months)
    Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

  • Bruce Robertson

    Currently: Portfolio manager, JBWere (23 years, 0 months)
    Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

  • Bruce Robertson

    Currently: Portfolio manager, JBWere (23 years, 0 months)
    Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

  • Earl White

    Currently: Executive Advisor, Bancorp Treasury (17 years, 2 months)
    Previously: Treasurer, BNP Paribas (8 years, 7 months)

  • Earl White

    Currently: Executive Advisor, Bancorp Treasury (17 years, 2 months)
    Previously: Treasurer, BNP Paribas (8 years, 7 months)

  • Earl White

    Currently: Executive Advisor, Bancorp Treasury (17 years, 2 months)
    Previously: Treasurer, BNP Paribas (8 years, 7 months)

  • Earl White

    Currently: Executive Advisor, Bancorp Treasury (17 years, 2 months)
    Previously: Treasurer, BNP Paribas (8 years, 7 months)

  • Earl White

    Currently: Executive Advisor, Bancorp Treasury (17 years, 2 months)
    Previously: Treasurer, BNP Paribas (8 years, 7 months)

  • Earl White

    Currently: Executive Advisor, Bancorp Treasury (17 years, 2 months)
    Previously: Treasurer, BNP Paribas (8 years, 7 months)

  • Earl White

    Currently: Executive Advisor, Bancorp Treasury (17 years, 2 months)
    Previously: Treasurer, BNP Paribas (8 years, 7 months)

  • Hayden Griffiths

    Currently: Asset allocation, JBWere (23 years, 11 months)
    Previously: Analyst, BZW (2 years, 5 months)

  • Hayden Griffiths

    Currently: Asset allocation, JBWere (23 years, 11 months)
    Previously: Analyst, BZW (2 years, 5 months)

  • Hayden Griffiths

    Currently: Asset allocation, JBWere (23 years, 11 months)
    Previously: Analyst, BZW (2 years, 5 months)

  • Hayden Griffiths

    Currently: Asset allocation, JBWere (23 years, 11 months)
    Previously: Analyst, BZW (2 years, 5 months)

  • Hayden Griffiths

    Currently: Asset allocation, JBWere (23 years, 11 months)
    Previously: Analyst, BZW (2 years, 5 months)

  • Hayden Griffiths

    Currently: Asset allocation, JBWere (23 years, 11 months)
    Previously: Analyst, BZW (2 years, 5 months)

  • Hayden Griffiths

    Currently: Asset allocation, JBWere (23 years, 11 months)
    Previously: Analyst, BZW (2 years, 5 months)

  • Phil Borkin

    Currently: Senior Strategist, JBWere (1 years, 3 months)
    Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

  • Phil Borkin

    Currently: Senior Strategist, JBWere (1 years, 3 months)
    Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

  • Phil Borkin

    Currently: Senior Strategist, JBWere (1 years, 3 months)
    Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

  • Phil Borkin

    Currently: Senior Strategist, JBWere (1 years, 3 months)
    Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

  • Phil Borkin

    Currently: Senior Strategist, JBWere (1 years, 3 months)
    Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

  • Phil Borkin

    Currently: Senior Strategist, JBWere (1 years, 3 months)
    Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

  • Phil Borkin

    Currently: Senior Strategist, JBWere (1 years, 3 months)
    Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

  • Tom Phillips

    Currently: Portfolio manager, JBWere (15 years, 7 months)
    Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

  • Tom Phillips

    Currently: Portfolio Manager (15 years, 7 months)
    Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

  • Tom Phillips

    Currently: Portfolio manager, JBWere (15 years, 7 months)
    Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

  • Tom Phillips

    Currently: Portfolio manager, JBWere (15 years, 7 months)
    Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

  • Tom Phillips

    Currently: Portfolio manager, JBWere (15 years, 7 months)
    Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

  • Tom Phillips

    Currently: Portfolio manager, JBWere (15 years, 7 months)
    Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

  • Tom Phillips

    Currently: Portfolio manager, JBWere (15 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 Tue March 31st 2020.

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
2020 -7.41% -1.2%
2019 10.11% 7.83%
2018 6.68% 6.68%
2017 11.18% 14.69%
2016 4.51% -0.56%
2015 15.30% 17.09%
2014 10.31% 12.35%
2013 13.23% 10.34%
2012 -5.15% -11.62%
2011 7.61% 5.6%

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 Tue March 31st 2020.

Showing the top 10 investments for this fund:

  • Technology Select Sector Spdr Exchange Traded Fund
    United States International Equities
    4.89%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    4.48%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    4.01%
  • Microsoft Corporation
    United States International Equities
    3.91%
  • Jbwere Premium Custody Call Account - USD
    New Zealand Cash and Cash Equivalents
    2.94%
  • Health Care Select Sector Spdr Exchange Traded Fund
    United States International Equities
    2.5%
  • Infratil Ltd
    New Zealand Australasian Equities
    2.48%
  • Spdr S&P Bank Exchange Traded Fund
    United States International Equities
    2.33%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    2.24%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.77%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 5.65%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 30.0% 27.6%
International Equities 70.0% 65.25%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.23%
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 2020 .

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    4.30%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.01%
  • GMOs:
    0.13%
  • Human Rights & Environmental Violations:
    0.28%
  • Palm Oil:
    0.05%
  • 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 Tue March 31st 2020 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.

In their own words: "The Global Equities Fund aims to provide very high growth over the long term. It invests predominantly (around 100%) in Growth assets (such as Australasian and international equities). It may be more suited to members 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."

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 invested. 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.