Funds
MAS Moderate Fund
Fund type: Balanced fund
Past Returns: *0.00%Annual Fees: 0.95%
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:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Human Rights Violations
-
Ubs Group AG 0.79%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
-
Wells Fargo & Company 0.38%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
WELLS FARGO & COMPANY Business Ethics
Well Fargo is one of the largest banks in the United States. From 2002 to 2016, Wells Fargo employees created 3.5 million unauthorised customer accounts to meet sales targets. These accounts generated improper fees and negatively affected customers' credit scores. The fake accounts, aggressive sales practices, alleged price fixing, and mistreatment of whistleblowers have led to lawsuits against Wells Fargo, raising concerns about the company's business ethics.
-
Credit Suisse Group AG 0.15%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
-
Credit Suisse AG London 0.08%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
-
Ubs Group AG 0.79%
Environmental Harm
-
Energy Transfer Lp 0.11%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Bayer US Finance Ii Llc 0.04%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
GMOs
Where companies are involved in the development or release of GMO plants and seeds.
Highly Hazardous Pesticides
Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
-
Energy Transfer Lp 0.11%
Animal Cruelty
-
Bayer US Finance Ii Llc 0.04%
Animal Testing
Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
GMOs
Where companies are involved in the development or release of GMO plants and seeds.
Highly Hazardous Pesticides
Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.
-
Bayer US Finance Ii Llc 0.04%
Fossil Fuels
-
Energy Transfer Lp 0.11%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Cassa Depositi E Prestit 0.10%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Fairfax Finl Hldgs Ltd 0.05%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
-
Energy Transfer Lp 0.11%
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 Moderate Fund invests mainly in income assets with a moderate allocation to growth assets. The Fund aims to provide moderate returns over the short to medium term. It is suitable for investors who are prepared to accept some investment risk to potentially achieve a moderate return.
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 | $458k NZD |
| Period of data report | 30th June 2024 |
| Fund started | 31st Jan. 2024 |
| Total annual fund fees | 0.95% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.78% |
| Other management and administration charges | 0.17% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Bruce Robertson |
Currently: Portfolio manager, JBWere (27 years, 3 months) |
|
Tom Phillips |
Currently: Portfolio manager, JBWere (19 years, 10 months) |
|
Earl White |
Currently: Executive Advisor, Bancorp Treasury (21 years, 5 months) |
|
Phil Borkin |
Currently: Senior Strategist, JBWere (5 years, 6 months) |
|
Hayden Griffiths |
Currently: Head of Asset allocation, JBWere (28 years, 2 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 | 9.61% | 0.0% |
| 2023 | -2.59% | 0.0% |
| 2022 | 1.06% | 0.0% |
| 2021 | 18.16% | 0.0% |
| 2020 | -1.83% | 0.0% |
| 2019 | 4.49% | 0.0% |
| 2018 | 4.41% | 0.0% |
| 2017 | 5.71% | 0.0% |
| 2016 | 3.06% | 0.0% |
| 2015 | 8.56% | 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
-
Hunter Global Fixed Interest Fund
New Zealand Int Fixed Interest34.37% -
Jbwere Premium Custody Call Account - NZD
New Zealand Cash and Equivalents7.52% -
Bank Of New Zealand 4.985% 07/06/2027
New Zealand NZ Fixed Interest AA-2.25% -
Infratil Ltd
New Zealand Australasian Equities1.91% -
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities1.65% -
Kiwibank 5.737% 19/10/2027
New Zealand NZ Fixed Interest A11.44% -
Westpac New Zealand 3.696% 16/02/2027
New Zealand NZ Fixed Interest AA-1.32% -
New Zealand Local Government Funding Agency 3.50% 14/04/2033
New Zealand NZ Fixed Interest AAA1.21% -
Chorus Limited 4.35% 06/12/2028
New Zealand NZ Fixed Interest BBB1.21% -
Kiwibank 6.254% 19/10/2028
New Zealand NZ Fixed Interest A11.19%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.5% | 7.61% |
| New Zealand Fixed Interest | 19.5% | 19.93% |
| International Fixed Interest | 35.0% | 34.37% |
| Australasian Equities | 12.5% | 12.52% |
| International Equities | 27.5% | 25.58% |
| 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.