Using the most recent returns and fund update reports, we will examine Medical Assurances Society (MAS) recent KiwiSaver Performance.
Medical Assurance Society (MAS) is a mutual society that is owned by its members. With over 15,000 members in its KiwiSaver Scheme, more than 80% of medical professionals are insured with MAS. They offer a range of seven KiwiSaver Funds, from a lower-risk Cash fund to higher-risk growth funds such as Growth, Aggressive, and Global Equities. What sets MAS apart is that they also provide a range of insurance products, including motor, house, contents, business, life, and health insurance. Across all of its funds, MAS uses active investment management to ensure responsible investing. Each of its funds is certified by the Responsible Investment Association Australasia (RIAA), and MAS is also a signatory to the Principles for Responsible Investment (PRI) to help protect the health of the planet.
Table of Contents
Performance of MAS KiwiSaver Funds
News about MAS
The MAS KiwiSaver has made headlines for its recent launch of new tools and its recognition for responsible investing. Two digital tools were introduced by MAS – the Fund Finder and the KiwiSaver Retirement Calculator. The Fund Finder helps investors determine which fund best fits their needs, while the KiwiSaver Retirement Calculator allows investors to see how their current decisions could affect their income during retirement. Moreover, the MAS KiwiSaver scheme has been acknowledged for its responsible investment approach. It has been designated as ‘Mindful’ by ethical investment charity ‘Mindful Money’, joining a select few schemes in Aotearoa New Zealand. This reflects MAS’s dedication to making a positive impact through its investment strategies.
Performance of MAS KiwiSaver Funds
|
1-Year |
5-Year |
10-Year |
|
|
Cash |
4.09% |
1.88% |
2.47% |
|
Conservative |
2.35% |
1.65% |
3.87% |
|
Balanced |
5.82% |
4.16% |
6.54% |
|
Growth |
7.63% |
5.33% |
7.86% |
|
Aggresive |
8.52% |
5.84% |
8.63% |
Sourced from MAS fund performance report
* These returns are to 31 August 2023 and are before tax and after fund management fees. Past performance does not necessarily indicate future performance and return periods may differ.
The following fund returns and unit price as of 30 June 2023. Note: The following information is sourced from MAS Quarterly Fund updates published on the Date published publicly, 31 July 2023.
MAS Cash Fund
MAS 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.
*The following is Sourced from MAS Fund Update
Return
Fees
The total annual fees for investors in the MAS Cash Fund are 0.50% per year
Investment Mix
The MAS KiwiSaver cash fund invests 100% in cash and cash equivalents.
Top ten investments
The top 10 investments make up 73.40% of the fund.
MAS Conservative Fund
The Conservative Fund invests mainly in income assets with a modest allocation to growth assets. The Fund aims to
preserve capital while providing a steady return over the short to medium term. It is suitable for investors who want to take
a more cautious approach and accept a smaller amount of investment risk to potentially achieve a more stable return
*The following is Sourced from MAS Conservative Fund Update
Returns
Fees
The total annual fees for investors in the MAS Conservative Fund are 0.99% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows MAS’s top 10 investments in the Conservative KiwiSaver Fund, which comprise 68.76% of the fund.
MAS Balanced Fund
The Balanced Fund invests mainly in growth assets with a moderate allocation to income assets. The Fund aims to provide a
medium level of return over the medium to long term. It is suitable for investors who are prepared to accept a medium level
of investment risk to potentially achieve a medium return.
*The following is Sourced from MAS Balanced Fund Update
Returns
Fees
The total annual fees for investors in the MAS Balanced Fund are 1.08% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows MAS’s top 10 investments in the Balanced KiwiSaver Fund, which comprise 41.92% of the fund.
MAS Growth Fund
The Growth Fund invests mainly in growth assets with a modest allocation to income assets. The Fund aims to provide strong
returns over the long term. It is suitable for investors who are prepared to accept a high level of investment risk to potentially
achieve a high return.
*The following is Sourced from MAS Growth Fund Update
Returns
Fees
The total annual fees for investors in the MAS Growth Fund are 1.10% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows MAS’s top 10 investments in the Growth KiwiSaver Fund, which comprise 33.91% of the fund.
MAS Aggresive 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.
*The following is Sourced from MAS Aggresive Fund Update
Returns
Fees
The total annual fees for investors in the MAS Growth Fund are 1.09% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows MAS’s top 10 investments in the Growth KiwiSaver Fund, which comprise 29.31% of the fund.
Data for MAS KiwiSaver funds have been sourced from MAS KiwiSaver Funds. Past performance does not necessarily indicate future performance and return periods may differ.
To see if MAS KiwiSaver has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.