Funds

This is a Mindful fund MAS Cash Fund

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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.

This fund has no investments in issues of concern

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2024 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 Cash Fund invests in a range of cash and cash equivalent investments. The Fund aims to achieve stable returns over the short term. It is suitable for investors who require an investment with very low volatility.

MAS is a membership-based insurance and investment company for New Zealand professionals. As a mutual society, our customers become Members. We're owned by our Members so we don't have to generate big profits for external shareholders. And because MAS advisers are paid a salary with no commissions, you can be sure we have your best interest at heart. We were founded by doctors for doctors in 1921, and now more than 80% of the medical profession insure with MAS. Today we welcome all professionals along with their friends and families. If you'd like to discuss insurance, investments or lending, we'd love to talk.

Value $438k NZD
Period of data report 30th June 2024
Fund started 31st Jan. 2024
Total annual fund fees 0.25%
Total performance based fees 0.0%
Manager's basic fee 0.24%
Other management and administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Bruce Robertson

Currently: Portfolio manager, JBWere (27 years, 3 months)
Previously: Partner, Goldman Sachs JBWere (7 years, 1 months)

Tom Phillips

Currently: Portfolio manager, JBWere (19 years, 10 months)
Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

Earl White

Currently: Executive Advisor, Bancorp Treasury (21 years, 5 months)
Previously: Treasurer, BNP Paribas (8 years, 7 months)

Phil Borkin

Currently: Senior Strategist, JBWere (5 years, 6 months)
Previously: Senior Macro Strategist, ANZ (4 years, 0 months)

Hayden Griffiths

Currently: Head of Asset allocation, JBWere (28 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 30th June 2024.

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
2024 3.59% 0.0%
2023 -0.79% 0.0%
2022 -2.46% 0.0%
2021 2.15% 0.0%
2020 1.75% 0.0%
2019 2.76% 0.0%
2018 1.94% 0.0%
2017 1.52% 0.0%
2016 2.91% 0.0%
2015 5.21% 0.0%

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 30th June 2024.

Top 10 Investments

  • Jbwere Premium Custody Call Account - NZD
    New Zealand Cash and Equivalents
    18.64%
  • China Construction Bank Term Deposit 6.000% 10/05/2023 09/05/2024
    New Zealand Cash and Equivalents A-1
    6.65%
  • Westpac New Zealand Term Deposit 6.250% 12/06/2024 12/06/2025
    New Zealand Cash and Equivalents A-1+
    6.62%
  • Bank Of New Zealand Term Deposit 6.350% 29/06/2023 01/07/2024
    New Zealand Cash and Equivalents A-1+
    5.26%
  • Westpac New Zealand Term Deposit 6.410% 13/07/2023 12/07/2024
    New Zealand Cash and Equivalents A-1+
    5.25%
  • Bank Of New Zealand Term Deposit 6.35% 08/08/2023 07/08/2024
    New Zealand Cash and Equivalents A-1+
    5.23%
  • Westpac New Zealand Term Deposit 6.300% 19/03/2024 19/03/2025
    New Zealand Cash and Equivalents A-1+
    5.04%
  • Bank Of New Zealand Term Deposit 6.330% 08/04/2024 08/04/2025
    New Zealand Cash and Equivalents A-1+
    5.02%
  • Westpac New Zealand Term Deposit 6.250% 17/04/2024 17/04/2025
    New Zealand Cash and Equivalents A-1+
    5.01%
  • Kiwibank Term Deposit 6.300% 10/05/2024 12/05/2025
    New Zealand Cash and Equivalents A1
    4.99%
Type Target Actual
Cash and Cash Equivalents 100.0% 100.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
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 30th June 2024.