Medical Funds Management Limited
Global Equities Fund
MAS KiwiSaver SchemeAggressive
What the provider says about this fund
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.
1-year return
12.57%
5-year return p.a.
6.66%
Total annual fee
0.98%
Fund size ($m)
174.6
Members
2,426
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
97.92%
Income assets
2.08%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 30.46% | 30.00% | 28.28% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International bonds | 0.00% | 0.00% | 0.17% |
| International shares | 67.44% | 70.00% | 59.89% |
| Listed property | 0.00% | 0.00% | 8.08% |
| New Zealand bonds | 0.00% | 0.00% | 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 | 5.04% |
| 2 | Infratil Ltd | Shares | Australasian Equities | NZ | 3.82% |
| 3 | Apple Inc | Shares | International Equities | US | 2.97% |
| 4 | Nvidia Corp | Shares | International Equities | US | 2.78% |
| 5 | Auckland International Airport Ltd | Shares | Australasian Equities | NZ | 2.34% |
| 6 | Alphabet Inc Class A | Shares | International Equities | US | 2.25% |
| 7 | Microsoft Corp | Shares | International Equities | US | 2.19% |
| 8 | Meridian Energy Limited | Shares | Australasian Equities | NZ | 1.96% |
| 9 | A2 Milk Company Ltd | Shares | Australasian Equities | NZ | 1.95% |
| 10 | JBWere Premium Custody Call Account - NZD | Cash | Cash and Cash Equivalents | NZ | 1.89% |
Fees
0.98% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 0.89% | $267 | 0.71% |
| Other fees | 0.09% | $27 | 0.08% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.98% | $294 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2017 | 14.69% | 11.18% |
| 31 March 2018 | 6.68% | 6.93% |
| 31 March 2019 | 7.83% | 9.96% |
| 31 March 2020 | -1.20% | -6.59% |
| 31 March 2021 | 35.33% | 35.19% |
| 31 March 2022 | 4.54% | 3.36% |
| 31 March 2023 | -3.52% | -4.50% |
| 31 March 2024 | 15.66% | 16.43% |
| 31 March 2025 | 5.12% | 4.58% |
| 31 March 2026 | 12.57% | 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 |