Funds

This is a Mindful fund MAS Cash Fund

Fund type: Defensive fund

Past Returns: *1.91%
Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
Annual Fees: 0.24%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

Companies of Concern

This fund has no investments in issues of concern.

From the Fund Provider

  • About this fund

    About this Fund

    Fund type: Defensive fund

    Past Returns: *1.91%
    Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
    Annual Fees: 0.24%
    Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

    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 proud to be a New Zealand-owned insurance and investment company that’s been enhancing the financial health and wellbeing of our Members since 1921. Originally founded by doctors for doctors, today we support all New Zealand professionals and their families with a range of insurance and investment solutions to help grow your wealth and protect what’s important. As a mutual we're owned by our Members, so we have your best interests at heart and not a single dollar goes to offshore shareholders. If you'd like to discuss your insurance or investment requirements, we'd love to talk.

    Value $8.0M NZD
    Period of data report 30th June 2025
    Fund started 31st Jan. 2024
    Total annual fund fees 0.24%
    Total performance based fees 0.0%
    Manager's basic fee 0.24%
    Other management and administration charges 0.0%
    Total other charges 0.0
    Total other charges currency NZD

    Key Personnel

    Brendan O’Donovan

    Currently: Chair Investment Committee (8 years, 3 months)
    Previously: Independent Director, MAS (3 years, 8 months)

    Daniel Mead

    Currently: Head of Investment (2 years, 1 months)
    Previously: Senior Portfolio Manager, AMP (2 years, 4 months)

    Peter May

    Currently: Head of Fixed Income & Markets Desk, JBWere (27 years, 5 months)
    Previously: Fixed Interest, BNZ (6 years, 7 months)

    Tom Phillips

    Currently: Senior Adviser, JBWere (20 years, 10 months)
    Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2025.

  • Past Returns

    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
    2025 3.87% 4.03%

    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 2025.

  • Investments

    Top 10 Investments

    • Jbwere Premium Custody Call Account - NZD

      New Zealand Cash and Equivalents

      22.87%

    • Kiwibank Term Deposit 4.750% 13/02/2025 13/02/2026

      New Zealand Cash and Equivalents A

      8.44%

    • China Construction Bank Term Deposit 6.000% 08/08/2024 08/08/2025

      New Zealand Cash and Equivalents A+

      5.83%

    • Westpac New Zealand Term Deposit 5.300% 27/09/2024 29/09/2025

      New Zealand Cash and Equivalents AA-

      5.75%

    • Kiwibank Term Deposit 4.300% 14/03/2025 16/03/2026

      New Zealand Cash and Equivalents A+

      5.6%

    • Bank Of New Zealand Term Deposit 4.08% 04/06/2025 04/06/2026

      New Zealand Cash and Equivalents A+

      5.55%

    • Bank Of New Zealand Term Deposit 6.280% 01/07/2024 01/07/2025

      New Zealand Cash and Equivalents A+

      4.41%

    • Rabobank Term Deposit 4.900% 05/02/2025 04/08/2025

      New Zealand Cash and Equivalents AA-

      4.23%

    • Bank Of China Term Deposit 4.700% 07/02/2025 09/02/2026

      New Zealand Cash and Equivalents A

      4.22%

    • Bank Of China Term Deposit 4.400% 08/04/2025 08/04/2026

      New Zealand Cash and Equivalents AA-

      4.19%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2025.

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 2025 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.

Issues of Concern

  • 0.0% Environmental Harm
  • 0.0% Fossil Fuels
  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Weapons

Companies of Concern

This fund has no investments in issues of concern.

About this Fund

Fund type: Defensive fund

Past Returns: *1.91%
Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
Annual Fees: 0.24%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

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 proud to be a New Zealand-owned insurance and investment company that’s been enhancing the financial health and wellbeing of our Members since 1921. Originally founded by doctors for doctors, today we support all New Zealand professionals and their families with a range of insurance and investment solutions to help grow your wealth and protect what’s important. As a mutual we're owned by our Members, so we have your best interests at heart and not a single dollar goes to offshore shareholders. If you'd like to discuss your insurance or investment requirements, we'd love to talk.

Value $8.0M NZD
Period of data report 30th June 2025
Fund started 31st Jan. 2024
Total annual fund fees 0.24%
Total performance based fees 0.0%
Manager's basic fee 0.24%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Brendan O’Donovan

Currently: Chair Investment Committee (8 years, 3 months)
Previously: Independent Director, MAS (3 years, 8 months)

Daniel Mead

Currently: Head of Investment (2 years, 1 months)
Previously: Senior Portfolio Manager, AMP (2 years, 4 months)

Peter May

Currently: Head of Fixed Income & Markets Desk, JBWere (27 years, 5 months)
Previously: Fixed Interest, BNZ (6 years, 7 months)

Tom Phillips

Currently: Senior Adviser, JBWere (20 years, 10 months)
Previously: Corporate lawyer, Bell Gully (7 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2025.

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
2025 3.87% 4.03%

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 2025.

Top 10 Investments

  • Jbwere Premium Custody Call Account - NZD

    New Zealand Cash and Equivalents

    22.87%

  • Kiwibank Term Deposit 4.750% 13/02/2025 13/02/2026

    New Zealand Cash and Equivalents A

    8.44%

  • China Construction Bank Term Deposit 6.000% 08/08/2024 08/08/2025

    New Zealand Cash and Equivalents A+

    5.83%

  • Westpac New Zealand Term Deposit 5.300% 27/09/2024 29/09/2025

    New Zealand Cash and Equivalents AA-

    5.75%

  • Kiwibank Term Deposit 4.300% 14/03/2025 16/03/2026

    New Zealand Cash and Equivalents A+

    5.6%

  • Bank Of New Zealand Term Deposit 4.08% 04/06/2025 04/06/2026

    New Zealand Cash and Equivalents A+

    5.55%

  • Bank Of New Zealand Term Deposit 6.280% 01/07/2024 01/07/2025

    New Zealand Cash and Equivalents A+

    4.41%

  • Rabobank Term Deposit 4.900% 05/02/2025 04/08/2025

    New Zealand Cash and Equivalents AA-

    4.23%

  • Bank Of China Term Deposit 4.700% 07/02/2025 09/02/2026

    New Zealand Cash and Equivalents A

    4.22%

  • Bank Of China Term Deposit 4.400% 08/04/2025 08/04/2026

    New Zealand Cash and Equivalents AA-

    4.19%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2025.

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 2025 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.