Mas Balanced Fund

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Type: Balanced fund
Past Returns: 8.65%

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

Annual Fees: 1.16%

Annual fees, including management and administration fees, but not membership 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.


Fossil Fuel

Atmos Energy Corp 0.01%
Coca-Cola 0.27%
Enbridge Inc 180222 Frn 0.03%
Energy Transfer Partners Lp 150325 4.05 Cb 0.04%
First Quantum Minerals Ltd 0.02%
Hong Kong and China Gas Ltd 0.02%

Weapons

Amphenol Corporation Class A 0.01%
Howmet Aerospace Inc 0.01%
Teledyne Technologies Inc 0.02%

Gambling

Las Vegas Sands Corp 250625 2.90 Cb 0.04%
Sands China Ltd 080825 5.125 Cb 0.01%
Sands China Ltd 080828 5.4 Cb 0.02%

Palm Oil

Human Rights & Environmental Violations

Bank Hapoalim Bm 0.01%
Bank Leumi Le Israel 0.01%
Motorola Solutions, Inc. 0.01%

Animal Testing

Akzo Nobel Nv 0.030%
Amorepacific Corp 0.010%
Associated British Foods PLC 0.020%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.010%
Bayer US Finance Ii Llc 151228 4.375 Cb 0.010%
Beiersdorf AG 0.010%
Burberry Group PLC 0.010%
Chr Hansen Holding 0.010%
Clorox 0.030%
Coca-Cola 0.270%
Croda International PLC 0.020%
Danone SA 0.060%
Danone SA 021121 2.077 Cb 0.030%
Dupont De Nemours Inc 0.050%
General Mills Inc 0.050%
Givaudan SA 0.040%
Henkel & Kgaa Pref AG 0.020%
Henkel AG 0.010%
Hp Inc 0.060%
Hp Inc. 0.010%
International Flavors & Fragrances 0.040%
Kao Corp 0.040%
Kellogg 0.020%
Kerry Group PLC 0.030%
Kikkoman Corp 0.010%
Kimberly Clark Corp 0.060%
Koninkilijke Dsm Nv 0.040%
Lg Household & Health Care Ltd 0.020%
Linde PLC 0.190%
Loreal SA 0.130%
Mondelez International Holdings Nlg Bv 281021 2.00 Cb 0.020%
Mosaic 0.010%
Nan Ya Plastics Corp 0.020%
Nippon Paint Holdings Ltd 0.010%
PPG Industries Inc 0.040%
Pepsico Inc 0.250%
Procter & Gamble 0.430%
Reckitt Benckiser Treasury Services PLC 240622 Frn 0.010%
Reckitt Benckiser Group PLC 0.080%
Shin Etsu Chemical Ltd 0.080%
Shiseido Ltd 0.030%
Solvay SA 0.010%
Svenska Cellulosa B 0.010%
Syngenta Finance AG 230421 3.933 Cb 0.040%
Tesco Property Finance PLC 130440 5.744 Sf 0.030%
Umicore SA 0.010%
Unicharm Corp 0.020%
Unilever PLC 0.190%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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.

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.

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
2021 17.44% 20.57%
2020 -2.28% 0.2%
2019 4.43% 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%
2012 0.50% -2.94%

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 Wed June 30th 2021.

Showing the top 10 investments for this fund:

  • Hunter Global Fixed Interest Fund
    New Zealand Int Fixed Interest
    23.17%
  • Jbwere Premium Custody Call Account - NZD
    New Zealand Cash and Equivalents
    4.51%
  • NZ Government Bond 15/05/2031
    New Zealand NZ Fixed Interest AAA
    3.02%
  • Technology Select Sector Spdr Exchange Traded Fund
    United States International Equities
    2.87%
  • Microsoft Corp
    United States International Equities
    2.21%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.96%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.87%
  • Spdr S&P Bank Exchange Traded Fund
    United States International Equities
    1.44%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    1.26%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.18%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed June 30th 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 3.5% 7.25%
New Zealand Fixed Interest 14.0% 9.59%
International Fixed Interest 22.5% 23.17%
Australasian Equities 18.5% 18.44%
International Equities 41.5% 41.55%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed June 30th 2021.

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).

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:
    2.78%
  • Fossil Fuels:
    0.42%
  • Gambling:
    0.08%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.05%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.00%
  • Weapons:
    0.05%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

In their own words

"The Balanced Fund invests mainly in growth assets with a moderate allocation to income assets. Aims to provide a medium level of return over the medium to long term. Suitable for investors who are prepared to accept a medium level of investment risk to potentially achieve a medium return."

Value $230M NZD
Period of data report Wed June 30th 2021
Fund started Mon Oct. 1st 2007
Total annual fund fees 1.16%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.16%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Bruce Robertson

Currently: Portfolio manager JBWere (24 years, 3 months)
Previously: Partner Goldman Sachs JBWere (7 years, 1 months)

Tom Phillips

Currently: Portfolio manager JBWere (16 years, 10 months)
Previously: Corporate lawyer Bell Gully (7 years, 8 months)

Earl White

Currently: Executive Advisor Bancorp Treasury (18 years, 5 months)
Previously: Treasurer BNP Paribas (8 years, 7 months)

Phil Borkin

Currently: Senior Strategist JBWere (2 years, 6 months)
Previously: Senior Macro Strategist ANZ (4 years, 0 months)

Hayden Griffiths

Currently: Head of Asset allocation JBWere (25 years, 2 months)
Previously: Analyst BZW (2 years, 5 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed June 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.