ASB KiwiSaver Scheme
ASB Balanced Fund
In their own words: "The Balanced Fund aims to provide moderate to high total returns with a negative return expected less than one in every five years. We manage asset allocation and currency hedging over the medium to long term relative to the target investment mix. We focus on cost effective management. The Balanced Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets."
At a glance:
Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee, assuming $10,000 investment.
A summary of this fund and it's details.
|Name||ASB Balanced Fund|
|Risk profile||Balanced fund|
|Description||The Balanced Fund aims to provide moderate to high total returns with a negative return expected less than one in every five years. We manage asset allocation and currency hedging over the medium to long term relative to the target investment mix. We focus on cost effective management. The Balanced Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets.|
|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||Sun March 31st 2019|
|Fund started||Tue Oct. 2nd 2007|
|Three-year average return||7.20%|
|Market index past year return||8.80%|
|Past year return net charges and tax||6.97|
|Past year return net of charges gross of tax||8.02|
|Market index return since fund started||10.33%|
|Return since fund started net||8.19%|
|Total annual fund fees||0.61|
|Total performance based fees||0.0|
|Manager's basic fee||0.61|
|Total other charges||30.0|
|Total other charges currency||NZD|
The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.
|Year||Market Index||Fund Annual Return|
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 31 March 2019.
Showing the top 10 investments for this fund:
Westpac Money Market Deposit Account NZD
New Zealand Cash and Equivalents A-1+2.22%
A2 Milk Co Ltd
New Zealand Australasian Equities N/A2.05%
Fisher & Paykel Healthcare Corporation Ltd
New Zealand Australasian Equities1.71%
ASB Bank Account NZD
New Zealand Cash and Equivalents A-1+1.47%
Auckland International Airport Ltd
New Zealand Australasian Equities1.44%
Spark New Zealand Ltd
New Zealand Australasian Equities N/A1.32%
Meridian Energy Ltd
New Zealand Australasian Equities0.99%
Ryman Healthcare Ltd
New Zealand Australasian Equities0.95%
Contact Energy Ltd
New Zealand Australasian Equities N/A0.93%
Commonwealth Bank Of Australia
Australia Australasian Equities0.92%
How the money in this fund is invested.
|Cash and Cash Equivalents||4.0%||5.1%|
|New Zealand Fixed Interest||15.0%||10.01%|
|International Fixed Interest||21.0%||24.07%|
Currently: Investment Committee member (2 years, 10 months)
Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (2 years, 10 months)
Currently: Investment Committee Chairman (4 years, 7 months)
Previously: Chairman, ASB Bank (current position) (7 years, 8 months)
Currently: Investment Committee member (7 years, 10 months)
Previously: Head of Asset Management, ASB Bank (current position) (6 years, 10 months)
Currently: Investment Committee member (4 years, 7 months)
Previously: General Manager Wealth, ASB Bank (current position) (4 years, 9 months)
Nigel Annett (Not Named In A Previous Fund Update)
Currently: Investment Committee member (5 years, 0 months)
Previously: Executive GM Corporate Banking, ASB Bank (current position) (0 years, 5 months)
The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.
Human Rights & Environmental Violations:2.01%
This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. 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.
Does this fund have a policy to exclude any industries from its investments?
Human Rights & Environmental Violations:
This data is compiled from Mindful Money analysis of Fund websites. 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.
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.
Download the fund's disclosure statement and portfolio holdings.
This information has been sourced from the six monthly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.