MAS Investment Funds Performance

Fund performance

Performance for the investment options in MAS Investment Funds. Past performance is not an indicator of future performance. Performance is calculated after fees and before tax (unless an 'after tax’ return option is selected). Returns for periods of more than a year are annualised to be per annum (p.a.).

Last updated: 30 September 2026

Fund name	1 Month	3 Months	1 Year	Since Inception*
Global Equities	1.67%	2.47%	16.06%	16.62%
Aggressive	0.82%	1.54%	14.28%	15.41%
Growth	0.40%	0.79%	11.57%	13.55%
Balanced	-0.16%	-0.18%	8.11%	10.84%
Moderate	-0.70%	-1.12%	4.49%	7.94%
Conservative	-1.24%	-2.07%	1.39%	5.56%
Cash	0.28%	0.83%	3.36%	4.50%

Fund name	1 Month	3 Months	1 Year	Since Inception*
Global Equities	1.64%	2.37%	15.65%	16.18%
Aggressive	0.78%	1.45%	13.87%	14.98%
Growth	0.39%	0.75%	11.30%	13.15%
Balanced	-0.12%	-0.13%	7.95%	10.46%
Moderate	-0.61%	-0.98%	4.47%	7.61%
Conservative	-1.10%	-1.84%	1.51%	5.22%
Cash	0.25%	0.74%	3.03%	4.04%

Fund name	1 Month	3 Months	1 Year	Since Inception*
Global Equities	1.61%	2.29%	15.36%	15.91%
Aggressive	0.75%	1.38%	13.63%	14.70%
Growth	0.39%	0.74%	11.12%	12.89%
Balanced	-0.09%	-0.08%	7.89%	10.22%
Moderate	-0.55%	-0.88%	4.48%	7.40%
Conservative	-1.01%	-1.69%	1.55%	5.00%
Cash	0.23%	0.68%	2.78%	3.71%

Fund name	1 Month	3 Months	1 Year	Since Inception*
Global Equities	1.58%	2.20%	14.98%	15.50%
Aggressive	0.71%	1.29%	13.25%	14.29%
Growth	0.39%	0.71%	10.84%	12.49%
Balanced	-0.04%	-0.02%	7.73%	9.85%
Moderate	-0.46%	-0.74%	4.44%	7.05%
Conservative	-0.87%	-1.46%	1.65%	4.65%
Cash	0.20%	0.59%	2.40%	3.22%

Unit prices

Daily unit prices for the investment options in MAS Investment Funds.

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Unit prices are not calculated on non-business days. On non-business days the unit prices that are displayed will match the next business day’s unit price.

Cumulative performance

The chart shows cumulative fund performance before tax for the investment options in MAS Investment Funds. The performance graph assumes the growth of $10,000 invested since the commencement date shown for the selected performance period. Past performance is not an indicator of future performance.

*The return since inception is the return since the start date of the fund. Although the first PDS for the Scheme was registered on 31 January 2024, unit pricing for the Funds in the Scheme did not start until 12 February 2024.

Medical Funds Management Limited, JBWere (NZ) Limited, Amova Asset Management New Zealand Limited and BlackRock Investment Management (Australia) Limited, their parent companies and associated entities do not guarantee the return of capital or the performance of investment funds. Returns indicated may bear no relation to future performance. The value of investments will fluctuate as the value of underlying assets rise or fall.

Medical Funds Management Limited is the issuer and manager of MAS Investment Funds. The Product Disclosure Statement is available at MAS Investment Funds PDS.

If you would like to talk to a MAS Adviser, phone 0800 800 627 or email info@mas.co.nz.

MAS Investment Funds Performance

Fund returns and unit prices

Fund performance

Unit prices

Cumulative performance