ASB Positive Impact Fund

In their own words: "The Positive Impact Fund aims to provide moderate to high returns from an exposure to a portfolio of investments with a preference for those that make a positive impact on society or the environment, with a negative return expected less than once every four years. We manage asset allocation and currency hedging in line with the target investment mix. The Positive Impact Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: *0.00%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.0%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND15017
Name ASB Positive Impact Fund
Risk profile Balanced fund
Description The Positive Impact Fund aims to provide moderate to high returns from an exposure to a portfolio of investments with a preference for those that make a positive impact on society or the environment, with a negative return expected less than once every four years. We manage asset allocation and currency hedging in line with the target investment mix. The Positive Impact Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets.
Value $3.5M NZD
Members 185
Market index description The market index return is the target investment mix asset allocation weighted sum of the asset class market index return, where the target investment mix and asset class market indices are each as described in the Statement of Investment Policy and Objectives (SIPO).
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Tue June 25th 2019
Three-year average return *0.00%
Market index past year return 6.97%
Past year return net charges and tax 0.0%
Past year return net of charges gross of tax 0.0%
Market index return since fund started 0.00%
Return since fund started net 0.00%
Total annual fund fees 1.0%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.0%
Total other charges 30.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 5.68% 0.0%
2018 5.63% 0.0%
2017 6.10% 0.0%
2016 4.01% 0.0%
2015 11.09% 0.0%
2014 7.28% 0.0%
2013 10.75% 0.0%
2012 1.75% 0.0%
2011 5.30% 0.0%
2010 16.19% 0.0%

The market index is the average NZ KiwiSaver 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 KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Mercer Socially Responsible Hedged Overseas Shares Portfolio
    New Zealand International Equities
    55.52%
  • 2 Vanguard Ethically Conscious Global Bond Index Fund NZD Hdgd
    Australia International Fixed Interest
    37.89%
  • ASB Bank Account NZD
    New Zealand Cash and Cash Equivalents A-1+
    6.59%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 40.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 60.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Adam Boyd

    Currently: Investment Committee member (3 years, 4 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (3 years, 4 months)

  • Adam Boyd

    Currently: Investment Committee member (2 years, 10 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (2 years, 10 months)

  • Craig Sims (Not Named In A Previous Fund Update)

    Currently: Investment Committee member (0 years, 8 months)
    Previously: Executive GM Retail Banking, ASB Bank (current position) (0 years, 8 months)

  • Gavin Walker

    Currently: Investment Committee member (4 years, 7 months)
    Previously: Chairman, ASB Bank (current position) (7 years, 8 months)

  • John Smith

    Currently: Investment Committee member (8 years, 4 months)
    Previously: Head of Asset Management, ASB Bank (current position) (7 years, 4 months)

  • Jonathan Beale

    Currently: Investment Committee member (5 years, 1 months)
    Previously: General Manager Wealth, ASB Bank (current position) (5 years, 3 months)

  • John Smith

    Currently: Investment Committee member (7 years, 10 months)
    Previously: Head of Asset Management, ASB Bank (current position) (6 years, 10 months)

  • Jonathan Beale

    Currently: Investment Committee member (4 years, 7 months)
    Previously: General Manager Wealth, ASB Bank (current position) (4 years, 9 months)

  • Nigel Annett

    Currently: Investment Committee member (5 years, 6 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (0 years, 11 months)

  • Nigel Annett

    Currently: Investment Committee member (5 years, 0 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (0 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    6.67%
  • Fossil Fuels:
    0.75%
  • Gambling:
    0.00%
  • GMOs:
    0.84%
  • Human Rights & Environmental Violations:
    0.94%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

Royal Dutch Shell Plc 0.15%
Total Sa 0.11%
Equinor Asa 0.11%
Omv Ag 0.08%
Galp Energia Sgps Sa 0.08%
Repsol Sa 0.07%
Beach Energy Ltd 0.04%
Sinopec Group Overseas Development 2016 Ltd. 2.75 05/03/2021 0.02%
Inpex Corp 0.02%
Plains Gp Holdings Lp 0.02%
Sinopec Group Overseas Development 2014 Ltd. 4.38 04/10/2024 0.01%
Dno Asa 0.01%
Chevron Phillips Chemical Co Llc / Chevron Phillips Chemical Co Lp 3.70 06/01/2028 0.01%
Kirby Corp. 4.20 03/01/2028 0.01%
Eqm Midstream Partners Lp 4.00 08/01/2024 0.01%

Weapons

Singapore Technologies Engineering Ltd 0.02%
G4S International Finance Plc 1.50 01/09/2023 0.01%

GMOs

Novartis Ag 0.46%
Novozymes A/S 0.35%
Bayer Capital Corp. Bv 0.63 12/15/2022 0.01%
Dupont De Nemours Inc. 3.77 11/15/2020 0.01%
Novartis Capital Corp. 2.40 05/17/2022 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.65%
Royal Dutch Shell Plc 0.15%
Nestle Sa 0.08%
Nestle Holdings Inc. 3.63 09/24/2028 0.02%
Johnson & Johnson 3.75 03/03/2047 0.01%
Johnson & Johnson 1.65 03/01/2021 0.01%
Nestle Finance International Ltd. 1.75 11/02/2037 0.01%
Sempra Energy 2.90 02/01/2023 0.01%

Animal Testing

Henkel Ag & Co Kgaa 0.870%
Unilever Plc 0.750%
Johnson & Johnson 0.650%
L'Oreal Sa 0.430%
Procter & Gamble Co 0.400%
Colgate-Palmolive Co 0.380%
Novozymes A/S 0.350%
Beiersdorf Ag 0.320%
Ecolab Inc 0.260%
Kikkoman Corp 0.190%
Glaxosmithkline Plc 0.180%
Church & Dwight Co Inc 0.170%
Royal Dutch Shell Plc 0.150%
Coca-Cola Co 0.140%
Kimberly-Clark Corp 0.140%
Unilever Nv 0.110%
Akzo Nobel Nv 0.100%
Burberry Group Plc 0.100%
Pepsico Inc 0.080%
Jeronimo Martins Sgps Sa 0.080%
Nestle Sa 0.080%
Coca-Cola European Partners Plc 0.060%
International Flavors & Fragrances Inc 0.060%
Clorox Co 0.050%
Bic 0.050%
Victrex 0.040%
Chr Hansen Holding A/S 0.040%
Estee Lauder Companies Inc 0.040%
Reckitt Benckiser Group Plc 0.040%
Coca Cola Hbc Ag 0.030%
L Brands Inc 0.020%
Reckitt Benckiser Treasury Services Plc 3.00 06/26/2027 0.020%
Nestle Holdings Inc. 3.63 09/24/2028 0.020%
Coca-Cola Co. 3.30 09/01/2021 0.020%
Argentum Netherlands Bv For Zurich Insurance Co. Ltd. 3.50 10/01/2046 0.020%
Arkema Sa 1.50 04/20/2027 0.010%
Coca-Cola Co. 1.13 03/09/2027 0.010%
Praxair Inc. 1.20 02/12/2024 0.010%
Danone Sa 1.00 03/26/2025 0.010%
Koninklijke Dsm Nv 1.38 09/26/2022 0.010%
Unilever Nv 0.50 01/06/2025 0.010%
Bayer Capital Corp. Bv 0.63 12/15/2022 0.010%
Air Liquide Finance Sa 0.50 06/13/2022 0.010%
Unilever Capital Corp. 2.60 05/05/2024 0.010%
Unilever Capital Corp. 2.13 09/06/2029 0.010%
Johnson & Johnson 3.75 03/03/2047 0.010%
Johnson & Johnson 1.65 03/01/2021 0.010%
Unilever Indonesia Tbk Pt 0.010%
Tesco Property Finance 2 Plc 6.05 10/13/2039 0.010%
Nestle Finance International Ltd. 1.75 11/02/2037 0.010%
Ecolab Inc. 5.50 12/08/2041 0.010%
Glaxosmithkline Capital Inc. 3.88 05/15/2028 0.010%
Pepsico Inc. 3.45 10/06/2046 0.010%
General Mills Inc. 3.15 12/15/2021 0.010%
Pepsico Inc. 2.00 04/15/2021 0.010%
Bayer US Finance Ii Llc 2.75 07/15/2021 0.010%
Estee Lauder Cos. Inc. 4.15 03/15/2047 0.010%
International Flavors & Fragrances Inc. 4.38 06/01/2047 0.010%

Download the fund's disclosure statement and portfolio holdings.

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