Funds
MAS Balanced Fund
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Energy Transfer Partners Lp 150325 4.05 Cb 0.04%
- Itochu Corp 0.04%
- Marubeni Corp 0.02%
- Nippon Steel Corp 0.02%
- Anglo American PLC 0.01%
- Citic Ltd 0.01%
- Citic Securities Ltd A 0.01%
- Eqt 0.01%
- Hapvida Participacoes E Investimen 0.01%
- Lg Corp 0.01%
- Nippon Yusen 0.01%
- Sumitomo Chemical Ltd 0.01%
- Taiwan Cement Corp 0.01%
Weapons
- Booz Allen Hamilton Holding Corp C 0.02%
- Walmart Inc 0.02%
- Amphenol Corp Class A 0.01%
- Howmet Aerospace Inc 0.01%
- Jfe Holdings Inc 0.01%
- Mtu Aero Engines Holding AG 0.01%
Tobacco
- Eve Energy Ltd A 0.01%
- Yunnan Energy New Materials Ltd A 0.01%
Gambling
- Flutter Entertainment PLC 0.01%
Alcohol
- Brown Forman Corp Class B 0.03%
- Diageo PLC 0.03%
- Constellation Brands Inc Class A 0.02%
- Wuliangye Yibin Ltd A 0.01%
GMOs
- Corteva Inc 0.02%
Human Rights & Environmental Violations
- Thermo Fisher Scientific Inc 0.41%
- Caterpillar Inc 0.13%
- Johnson & Johnson 0.11%
- Credit Suisse AG 080823 6.50 Cb 0.10%
- Credit Suisse Group AG 120833 6.537 Cb 0.10%
- Credit Suisse Mortgage Tr Series 20 Fact Cls A 151037 Abs 0.06%
- Meta Platforms Inc Class A 0.06%
- Motorola Solutions Inc 0.06%
- Nutrien Ltd 0.06%
- Wells Fargo and Co 240328 3.526 Cb 0.06%
- Activision Blizzard Inc 0.05%
- Archer Daniels Midland 0.05%
- Credit Suisse Group AG 020432 2.875 Cb 0.05%
- Energy Transfer Partners Lp 150325 4.05 Cb 0.05%
- Credit Suisse AG 070933 7.375 Cb 0.03%
- Credit Suisse AG London 050126 0.25 Cb 0.03%
- Bank Leumi Le Israel 0.02%
- Bayer AG 0.02%
- Bayer US Finance Ii Llc 151225 4.25 Cb 0.02%
- Bayer US Finance Ii Llc 151228 4.375 Cb 0.02%
- Corteva Inc 0.02%
- Credit Suisse Group AG 120624 4.207 Cb 0.02%
- Credit Suisse Group AG 240627 1.00 Cb 0.02%
- Rio Tinto PLC 0.02%
- Evergreen Marine Corp (Taiwan) Ltd 0.01%
- Wells Fargo 0.01%
Animal Cruelty
- Procter & Gamble 0.56%
- Coca-Cola 0.42%
- Pepsico Inc 0.42%
- Unilever PLC 0.18%
- Kimberly Clark Corp 0.11%
- Loreal SA 0.10%
- General Mills Inc 0.08%
- Lair Liquide Societe Anonyme Pour 0.08%
- Sherwin Williams 0.08%
- Compagnie Financiere Richemont SA 0.07%
- Ecolab Inc 0.07%
- Estee Lauder Inc Class 0.07%
- Nutrien Ltd 0.06%
- Archer Daniels Midland 0.05%
- Church and Dwight Inc 0.05%
- Clorox 0.05%
- Daikin Industries Ltd 0.05%
- Hormel Foods Corp 0.05%
- Keurig Dr Pepper Inc 0.05%
- PPG Industries Inc 0.05%
- Danone SA 0.04%
- Givaudan SA 0.04%
- Kering SA 0.04%
- Essity Class B 0.03%
- International Flavors & Fragrances 0.03%
- Kao Corp 0.03%
- Kellogg 0.03%
- Koninkilijke Dsm Nv 0.03%
- Koninklijke Ahold Delhaize Nv 0.03%
- Mondelez International Inc Class A 0.03%
- Swpc0Gvu2 Ccp Sell Cds EUR 200625 Tesco PLC 1% Ms 0.03%
- Umicore SA 0.03%
- 3M 0.02%
- Ajinomoto Inc 0.02%
- Albemarle Corp 0.02%
- Bayer AG 0.02%
- Campbell Soup 0.02%
- Constellation Brands Inc Class A 0.02%
- Corteva Inc 0.02%
- Croda International PLC 0.02%
- Fujifilm Holdings Corp 0.02%
- Kerry Group PLC 0.02%
- Mosaic 0.02%
- Novozymes B 0.02%
- Ping An Insurance (Group) Of China 0.02%
- Sgs SA 0.02%
- Shiseido Ltd 0.02%
- Symrise AG 0.02%
- Tesco Property Finance PLC 130440 5.744 Sf 0.02%
- Unicharm Corp 0.02%
- Akzo Nobel Nv 0.01%
- Associated British Foods PLC 0.01%
- Bayer US Finance Ii Llc 151225 4.25 Cb 0.01%
- Bayer US Finance Ii Llc 151228 4.375 Cb 0.01%
- Beiersdorf AG 0.01%
- Burberry Group PLC 0.01%
- Celanese Corp 0.01%
- Chr Hansen Holding 0.01%
- Clariant AG 0.01%
- Darling Ingredients Inc 0.01%
- George Weston Ltd 0.01%
- Hanwha Solutions Corp 0.01%
- Henkel & Kgaa Pref AG 0.01%
- Henkel AG 0.01%
- Inner Mongolia Yili Industrial Gro 0.01%
- Intertek Group PLC 0.01%
- Kikkoman Corp 0.01%
- Kimberly-Clark De Mexico Class A 0.01%
- Kraft Heinz 0.01%
- Lg H & H Ltd 0.01%
- Meiji Holdings Ltd 0.01%
- Mitsubishi Chemical Group Corp 0.01%
- Mowi 0.01%
- Nan Ya Plastics Corp 0.01%
- Nippon Paint Holdings Ltd 0.01%
- Orkla 0.01%
- Rentokil Initial PLC 0.01%
- Ricoh Ltd 0.01%
- Solvay SA 0.01%
- Sumitomo Chemical Ltd 0.01%
- Tesco PLC 0.01%
- Tyson Foods Inc Class A 0.01%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 2022 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
In their own words
The Balanced Fund invests mainly in growth assets with a moderate allocation to income assets. The Fund aims to provide a medium level of return over the medium to long term. It is suitable for investors who are prepared to accept a medium level of investment risk to potentially achieve a medium return.
| Value | $220M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 1st Oct. 2007 |
| Total annual fund fees | 1.11% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.96% |
| Other management and administration charges | 0.15% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Bruce Robertson |
Currently: Portfolio manager, JBWere (25 years, 9 months) |
|
Tom Phillips |
Currently: Portfolio manager, JBWere (18 years, 4 months) |
|
Earl White |
Currently: Executive Advisor, Bancorp Treasury (19 years, 11 months) |
|
Phil Borkin |
Currently: Senior Strategist, JBWere (4 years, 0 months) |
|
Hayden Griffiths |
Currently: Head of Asset allocation, JBWere (26 years, 8 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.09% | |
| Animal Cruelty | 3.73% | |
| Fossil Fuels | 0.22% | |
| Gambling | 0.01% | |
| GMOs | 0.02% | |
| Human Rights & Environmental Violations | 1.57% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.02% | |
| Weapons | 0.08% |
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 2022 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.
Note that many
funds exclude controversial weapons. However, the category of Weapons used in
this analysis is broader in scope, covering all munitions, firearms and
military weapons. Similarly Mindful Money uses a broader scope for fossil fuels
than the government’s rules for default KiwiSaver funds. The full definitions
used in the Mindful Money analysis are here.
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 |
|---|---|---|
| 2022 | 0.34% | 1.44% |
| 2021 | 17.46% | 20.57% |
| 2020 | -1.59% | 0.2% |
| 2019 | 4.47% | 5.19% |
| 2018 | 4.41% | 4.81% |
| 2017 | 5.71% | 8.18% |
| 2016 | 3.06% | 1.17% |
| 2015 | 8.56% | 13.12% |
| 2014 | 6.13% | 7.72% |
| 2013 | 8.77% | 9.23% |
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 fund has filed with Disclose register to 31st Dec. 2022.
Top 10 Investments
-
Hunter Global Fixed Interest Fund
New Zealand Int Fixed Interest22.32% -
Jbwere Premium Custody Call Account - NZD
New Zealand Cash and Equivalents6.63% -
Nzdusd Maturing 27/01/2023 (Bzl NZ)
New Zealand International Equities2.48% -
Infratil Ltd
New Zealand Australasian Equities2.19% -
Microsoft Corp
United States International Equities1.96% -
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities1.96% -
Bank Of New Zealand 4.985% 07/06/2027
New Zealand NZ Fixed Interest AA-1.79% -
Meridian Energy Limited
New Zealand Australasian Equities1.29% -
Mainfreight Ltd
New Zealand Australasian Equities1.21% -
Spark New Zealand Ltd
New Zealand Australasian Equities1.21%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 3.5% | 8.51% |
| New Zealand Fixed Interest | 14.0% | 11.89% |
| International Fixed Interest | 22.5% | 22.32% |
| Australasian Equities | 18.5% | 18.67% |
| International Equities | 41.5% | 38.61% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.