MAS Global Equities Fund

Find a Mindful Ethical fund »

Not Mindful

Fund type: Aggressive fund

Past Returns: 12.91%

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

Annual Fees: 1.1%

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

Itochu Corp 0.06%
Marubeni Corp 0.03%
Nippon Steel Corp 0.03%
Anglo American PLC 0.02%
Nippon Yusen 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%
Sumitomo Chemical Ltd 0.01%
Taiwan Cement Corp 0.01%

Weapons

Booz Allen Hamilton Holding Corp C 0.03%
Walmart Inc 0.03%
Howmet Aerospace Inc 0.02%
Mtu Aero Engines Holding AG 0.02%
Amphenol Corp Class A 0.01%
Jfe Holdings Inc 0.01%
Teledyne Technologies Inc 0.01%

Tobacco

Eve Energy Ltd A 0.01%
Performance Food Group 0.01%
Yunnan Energy New Materials Ltd A 0.01%

Gambling

Flutter Entertainment PLC 0.01%

Alcohol

Diageo PLC 0.05%
Brown Forman Corp Class B 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 0.04%

Human Rights & Environmental Violations

Thermo Fisher Scientific Inc 0.69%
Caterpillar Inc 0.23%
Johnson & Johnson 0.18%
Meta Platforms Inc Class A 0.10%
Motorola Solutions Inc 0.10%
Nutrien Ltd 0.10%
Activision Blizzard Inc 0.09%
Archer Daniels Midland 0.08%
Bayer AG 0.04%
Corteva Inc 0.04%
Bank Leumi Le Israel 0.03%
Rio Tinto PLC 0.03%
Evergreen Marine Corp (Taiwan) Ltd 0.01%
Hyundai Engineering & Construction 0.01%
Kuala Lumpur Kepong 0.01%
Posco Chemical Ltd 0.01%
Wells Fargo 0.01%
Yunnan Baiyao Group Ltd A 0.01%
Zte Corp A 0.01%

Animal Testing

Procter & Gamble 0.94%
Coca-Cola 0.71%
Pepsico Inc 0.71%
Unilever PLC 0.31%
Kimberly Clark Corp 0.19%
Loreal SA 0.17%
General Mills Inc 0.14%
Sherwin Williams 0.14%
Lair Liquide Societe Anonyme Pour 0.13%
Compagnie Financiere Richemont SA 0.11%
Ecolab Inc 0.11%
Estee Lauder Inc Class 0.11%
Nutrien Ltd 0.10%
Daikin Industries Ltd 0.09%
Hormel Foods Corp 0.09%
Keurig Dr Pepper Inc 0.09%
PPG Industries Inc 0.09%
Archer Daniels Midland 0.08%
Church and Dwight Inc 0.08%
Clorox 0.08%
Danone SA 0.07%
Kering SA 0.07%
Givaudan SA 0.06%
Koninklijke Ahold Delhaize Nv 0.06%
International Flavors & Fragrances 0.05%
Kellogg 0.05%
Koninkilijke Dsm Nv 0.05%
Mondelez International Inc Class A 0.05%
Umicore SA 0.05%
Albemarle Corp 0.04%
Bayer AG 0.04%
Corteva Inc 0.04%
Essity Class B 0.04%
Fujifilm Holdings Corp 0.04%
Kao Corp 0.04%
Mosaic 0.04%
Unicharm Corp 0.04%
3M 0.03%
Ajinomoto Inc 0.03%
Campbell Soup 0.03%
Constellation Brands Inc Class A 0.03%
Croda International PLC 0.03%
Kerry Group PLC 0.03%
Novozymes B 0.03%
Ping An Insurance (Group) Of China 0.03%
Sgs SA 0.03%
Shiseido Ltd 0.03%
Symrise AG 0.03%
Akzo Nobel Nv 0.02%
Beiersdorf AG 0.02%
Burberry Group PLC 0.02%
Celanese Corp 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%
Mowi 0.02%
Nan Ya Plastics Corp 0.02%
Rentokil Initial PLC 0.02%
Tyson Foods Inc Class A 0.02%
Associated British Foods PLC 0.01%
China Feihe Ltd 0.01%
Chr Hansen Holding 0.01%
Cj Cheiljedang Corp 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%
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%
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 Fri Sept. 30th 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.

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 3.19% 4.6%
2021 36.07% 35.54%
2020 -7.33% -1.42%
2019 10.16% 7.7%
2018 7.53% 6.37%
2017 9.49% 14.33%
2016 4.71% -0.19%
2015 14.67% 17.62%
2014 10.13% 12.0%
2013 13.93% 10.34%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Microsoft Corp
    United States International Equities
    4.1%
  • Infratil Ltd
    New Zealand Australasian Equities
    3.82%
  • Jbwere Premium Custody Call Account - NZD
    New Zealand Cash and Equivalents
    3.12%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.28%
  • Meridian Energy Limited
    New Zealand Australasian Equities
    2.02%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.91%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.84%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.59%
  • Tesla Inc
    United States International Equities
    1.56%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    1.47%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 3.31%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 30.0% 32.05%
International Equities 70.0% 64.37%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.27%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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:
    0.16%
  • Animal Testing:
    6.16%
  • Fossil Fuels:
    0.23%
  • Gambling:
    0.01%
  • GMOs:
    0.04%
  • Human Rights & Environmental Violations:
    1.78%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.03%
  • Weapons:
    0.13%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 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.

In their own words

"The Global Equities Fund usually invests only in growth 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 $51M NZD
Period of data report Fri Sept. 30th 2022
Fund started Mon Oct. 1st 2007
Total annual fund fees 1.1%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.1%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Bruce Robertson

Currently: Portfolio manager, JBWere (25 years, 6 months)
Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

Tom Phillips

Currently: Portfolio manager, JBWere (18 years, 1 months)
Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

Earl White

Currently: Executive Advisor, Bancorp Treasury (19 years, 8 months)
Previously: Treasurer, BNP Paribas (8 years, 7 months)

Phil Borkin

Currently: Senior Strategist, JBWere (3 years, 9 months)
Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

Hayden Griffiths

Currently: Head of Asset allocation, JBWere (26 years, 5 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 Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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 Markets Conduct Act 2013 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.