Medical Funds Management Limited
Aggressive Fund
MAS KiwiSaver SchemeAggressive
What the provider says about this fund
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.
1-year return
12.18%
5-year return p.a.
6.08%
Total annual fee
0.97%
Fund size ($m)
267.9
Members
3,992
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
Investment mix
Growth assets
93.94%
Income assets
6.06%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 29.31% | 29.00% | 28.28% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International bonds | 2.33% | 3.30% | 0.17% |
| International shares | 64.61% | 66.00% | 59.89% |
| Listed property | 0.00% | 0.00% | 8.08% |
| New Zealand bonds | 1.71% | 1.70% | 0.17% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.17% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 4.85% |
| 2 | Infratil Ltd | Shares | Australasian Equities | NZ | 3.68% |
| 3 | Apple Inc | Shares | International Equities | US | 2.84% |
| 4 | Nvidia Corp | Shares | International Equities | US | 2.66% |
| 5 | Hunter Global Fixed Interest Fund | Bonds | International Fixed Interest | NZ | 2.33% |
| 6 | Auckland International Airport Ltd | Shares | Australasian Equities | NZ | 2.25% |
| 7 | Alphabet Inc Class A | Shares | International Equities | US | 2.16% |
| 8 | Microsoft Corp | Shares | International Equities | US | 2.10% |
| 9 | Meridian Energy Limited | Shares | Australasian Equities | NZ | 1.88% |
| 10 | A2 Milk Company Ltd | Shares | Australasian Equities | NZ | 1.87% |
Fees
0.97% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 0.87% | $261 | 0.71% |
| Other fees | 0.10% | $30 | 0.08% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.97% | $291 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2017 | 12.63% | 11.18% |
| 31 March 2018 | 6.31% | 6.93% |
| 31 March 2019 | 7.12% | 9.96% |
| 31 March 2020 | -0.73% | -6.59% |
| 31 March 2021 | 30.30% | 35.19% |
| 31 March 2022 | 3.77% | 3.36% |
| 31 March 2023 | -3.54% | -4.50% |
| 31 March 2024 | 14.40% | 16.43% |
| 31 March 2025 | 4.58% | 4.58% |
| 31 March 2026 | 12.18% | 12.72% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Brendan O’donovan | Chair Investment Committee | 8 years, 9 months |
| Daniel Mead | Head of Investment | 2 years, 8 months |
| Hayden Griffiths | Head of Asset Allocation, JBWere | 29 years, 11 months |
| Phil Borkin | Senior Strategist, JBWere | 7 years, 3 months |
| Rickey Ward | Head of Investment Strategy & Research, JBWere | 11 months |