Funds
MAS Aggressive 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
- Itochu Corp 0.06%
- Marubeni Corp 0.03%
- Anglo American PLC 0.02%
- Nippon Steel Corp 0.02%
- 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
- Walmart Inc 0.03%
- Booz Allen Hamilton Holding Corp C 0.02%
- Howmet Aerospace Inc 0.02%
- Amphenol Corp Class A 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 0.04%
- Diageo PLC 0.04%
- Constellation Brands Inc Class A 0.03%
- Wuliangye Yibin Ltd A 0.02%
- Jiangsu Yanghe Brewery Joint-Stock 0.01%
- Shanxi Xinghuacun Fen Wine Factory 0.01%
Palm Oil
- Kuala Lumpur Kepong 0.01%
- Ppb Group 0.01%
GMOs
- Corteva Inc 0.03%
Human Rights & Environmental Violations
- Thermo Fisher Scientific Inc 0.62%
- Caterpillar Inc 0.20%
- Johnson & Johnson 0.16%
- Meta Platforms Inc Class A 0.09%
- Motorola Solutions Inc 0.09%
- Nutrien Ltd 0.09%
- Activision Blizzard Inc 0.08%
- Archer Daniels Midland 0.07%
- Bank Leumi Le Israel 0.03%
- Bayer AG 0.03%
- Corteva Inc 0.03%
- Rio Tinto PLC 0.03%
- Credit Suisse AG 080823 6.50 Cb 0.02%
- Credit Suisse Group AG 120833 6.537 Cb 0.02%
- Credit Suisse Group AG 020432 2.875 Cb 0.01%
- Credit Suisse Mortgage Tr Series 20 Fact Cls A 151037 Abs 0.01%
- Energy Transfer Partners Lp 150325 4.05 Cb 0.01%
- Evergreen Marine Corp (Taiwan) Ltd 0.01%
- Kuala Lumpur Kepong 0.01%
- Posco Chemical Ltd 0.01%
- Wells Fargo 0.01%
- Wells Fargo and Co 240328 3.526 Cb 0.01%
- Yunnan Baiyao Group Ltd A 0.01%
Animal Cruelty
- Procter & Gamble 0.84%
- Coca-Cola 0.64%
- Pepsico Inc 0.64%
- Unilever PLC 0.28%
- Kimberly Clark Corp 0.17%
- Loreal SA 0.15%
- General Mills Inc 0.13%
- Lair Liquide Societe Anonyme Pour 0.12%
- Sherwin Williams 0.12%
- Compagnie Financiere Richemont SA 0.10%
- Ecolab Inc 0.10%
- Estee Lauder Inc Class 0.10%
- Nutrien Ltd 0.09%
- Daikin Industries Ltd 0.08%
- Hormel Foods Corp 0.08%
- Keurig Dr Pepper Inc 0.08%
- PPG Industries Inc 0.08%
- Archer Daniels Midland 0.07%
- Church and Dwight Inc 0.07%
- Clorox 0.07%
- Kering SA 0.07%
- Danone SA 0.06%
- Givaudan SA 0.05%
- International Flavors & Fragrances 0.05%
- Kellogg 0.05%
- Koninklijke Ahold Delhaize Nv 0.05%
- Mondelez International Inc Class A 0.05%
- Albemarle Corp 0.04%
- Essity Class B 0.04%
- Kao Corp 0.04%
- Koninkilijke Dsm Nv 0.04%
- Umicore SA 0.04%
- Bayer AG 0.03%
- Campbell Soup 0.03%
- Constellation Brands Inc Class A 0.03%
- Corteva Inc 0.03%
- Fujifilm Holdings Corp 0.03%
- Kerry Group PLC 0.03%
- Mosaic 0.03%
- Novozymes B 0.03%
- Sgs SA 0.03%
- Shiseido Ltd 0.03%
- Unicharm Corp 0.03%
- 3M 0.02%
- Ajinomoto Inc 0.02%
- Akzo Nobel Nv 0.02%
- Beiersdorf AG 0.02%
- Burberry Group PLC 0.02%
- Celanese Corp 0.02%
- Croda International PLC 0.02%
- Hanwha Solutions Corp 0.02%
- Henkel & Kgaa Pref AG 0.02%
- Intertek Group PLC 0.02%
- Kikkoman Corp 0.02%
- Kraft Heinz 0.02%
- Nan Ya Plastics Corp 0.02%
- Ping An Insurance (Group) Of China 0.02%
- Rentokil Initial PLC 0.02%
- Symrise AG 0.02%
- Associated British Foods PLC 0.01%
- China Feihe Ltd 0.01%
- Chr Hansen Holding 0.01%
- Clariant AG 0.01%
- Darling Ingredients Inc 0.01%
- Evonik Industries AG 0.01%
- George Weston Ltd 0.01%
- Henkel AG 0.01%
- Inner Mongolia Yili Industrial Gro 0.01%
- Inner Mongolia Yili Industrial Group Co. Ltd 0.01%
- Kimberly-Clark De Mexico Class A 0.01%
- Kuala Lumpur Kepong 0.01%
- Lg H & H Ltd 0.01%
- Meiji Holdings Ltd 0.01%
- Mitsubishi Chemical Group Corp 0.01%
- Mitsui Chemicals Inc 0.01%
- Mowi 0.01%
- Nestle Malaysia 0.01%
- Nippon Paint Holdings Ltd 0.01%
- Orkla 0.01%
- Ppb Group 0.01%
- Ricoh Ltd 0.01%
- Solvay SA 0.01%
- Sumitomo Chemical Ltd 0.01%
- Tesco PLC 0.01%
- Turkiye Sise Ve Cam Fabrikalari A 0.01%
- Tyson Foods Inc Class A 0.01%
- Wanhua Chemical Group Ltd 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 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.
| Value | $80M 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 | 1.0% |
| Other management and administration charges | 0.11% |
| 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 | 0.15% | |
| Animal Cruelty | 5.54% | |
| Fossil Fuels | 0.22% | |
| Gambling | 0.01% | |
| GMOs | 0.03% | |
| Human Rights & Environmental Violations | 1.70% | |
| Palm Oil | 0.02% | |
| Tobacco | 0.02% | |
| Weapons | 0.10% |
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 | 1.53% | 3.75% |
| 2021 | 32.66% | 30.43% |
| 2020 | -4.45% | -0.77% |
| 2019 | 6.15% | 6.92% |
| 2018 | 8.66% | 6.18% |
| 2017 | 7.20% | 12.37% |
| 2016 | 5.40% | 0.36% |
| 2015 | 12.09% | 16.34% |
| 2014 | 9.56% | 11.07% |
| 2013 | 13.67% | 10.27% |
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 Interest5.99% -
Jbwere Premium Custody Call Account - NZD
New Zealand Cash and Equivalents5.67% -
Nzdusd Maturing 27/01/2023 (Bzl NZ)
New Zealand International Equities3.71% -
Infratil Ltd
New Zealand Australasian Equities3.24% -
Microsoft Corp
United States International Equities2.94% -
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities2.9% -
Meridian Energy Limited
New Zealand Australasian Equities1.91% -
Mainfreight Ltd
New Zealand Australasian Equities1.79% -
Spark New Zealand Ltd
New Zealand Australasian Equities1.78% -
Auckland International Airport Ltd
New Zealand Australasian Equities1.49%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 5.86% |
| New Zealand Fixed Interest | 3.5% | 2.59% |
| International Fixed Interest | 6.5% | 5.99% |
| Australasian Equities | 27.5% | 27.61% |
| International Equities | 62.5% | 57.78% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.17% |
| 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.