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:

Not Mindful
Type: Balanced fund
Past Returns: 7.20%

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

Annual Fees: 0.62%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND531
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.
Value $2.1B NZD
Members 84,218
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 Tue Dec. 31st 2019
Fund started Tue Oct. 2nd 2007
Three-year average return 7.20%
Market index past year return 18.13%
Past year return net charges and tax 15.78%
Past year return net of charges gross of tax 17.15%
Market index return since fund started 9.22%
Return since fund started net 7.22%
Total annual fund fees 0.62%
Total performance based fees 0.0%
Manager's basic fee 0.62%
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% 6.97%
2018 5.63% 6.79%
2017 6.10% 7.84%
2016 4.01% 3.53%
2015 11.09% 12.92%
2014 7.28% 7.11%
2013 10.75% 9.69%
2012 1.75% 0.0%
2011 5.30% 6.27%
2010 16.19% 22.22%

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:

  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    2.25%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    2.11%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities N/A
    1.88%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.36%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    1.33%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities N/A
    1.31%
  • Ryman Healthcare Ltd
    New Zealand Australasian Equities
    1.11%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.03%
  • Commonwealth Bank Of Australia
    Australia Australasian Equities
    0.96%
  • CSL Ltd
    Australia Australasian Equities
    0.85%

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 4.0% 5.4%
New Zealand Fixed Interest 15.0% 10.31%
International Fixed Interest 21.0% 23.77%
Australasian Equities 29.0% 32.06%
International Equities 26.0% 27.46%
Listed Properties 5.0% 1.0%
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, 7 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (3 years, 7 months)

  • Graeme Edwards (Not Named In Previous Fund Update)

    Currently: Investment Committee Chairman (0 years, 2 months)
    Previously: Investment Committee member (8 years, 0 months)

  • John Smith

    Currently: Investment Committee member (8 years, 7 months)
    Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (7 years, 7 months)

  • Jonathan Beale

    Currently: Investment Committee member (5 years, 4 months)
    Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 2 months)

  • Nigel Annett

    Currently: Investment Committee member (5 years, 9 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 2 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:
    0.49%
  • Animal Testing:
    2.02%
  • Fossil Fuels:
    3.26%
  • Gambling:
    0.33%
  • GMOs:
    0.27%
  • Human Rights & Environmental Violations:
    1.70%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.00%
  • Weapons:
    0.38%

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

BHP Group Ltd 0.75%
Woodside Petroleum Limited 0.21%
Exxon Mobil Corporation 0.17%
Chevron Corp 0.13%
Origin Energy Ltd 0.10%
Santos Ltd 0.10%
Apa Group 0.09%
South32 Ltd 0.09%
Bp Plc 0.07%
Royal Dutch Shell Plc 'A' Ord 0.07%
Total Sa 0.07%
Oil Search Limited 0.07%
Nextera Energy Inc 0.06%
Royal Dutch Shell Plc-B Shs 0.06%
Caltex Australia Ltd 0.05%
Enbridge Inc 0.04%
Dominion Energy Incorporated 0.04%
Conocophillips 0.04%
Gazprom Pjsc 0.03%
Lukoil Pjsc 0.03%
Beach Energy Ltd 0.03%
Suncor Energy Inc 0.03%
Phillips 66 0.03%
BHP Group Plc 0.03%
Eog Resources Inc 0.03%
Petrobras - Petroleo Bras-Pr 0.02%
Cnooc Ltd 0.02%
Kinder Morgan Inc 0.02%
Occidental Petroleum Corp 0.02%
Eni Spa 0.02%
Marathon Petroleum Corp 0.02%
Valero Energy Corp 0.02%
Petrobras - Petroleo Bras 0.02%
Oneok Inc 0.02%
Engie 0.02%
Glencore Plc 0.02%
Washington H. Soul Pattinson 0.02%
Canadian Natural Resources 0.02%
Novatek Pjsc-Spons Gdr Reg S 0.02%
Whitehaven Coal Ltd 0.02%
Tatneft Pjsc 0.02%
Viva Energy Group Ltd 0.01%
China Petroleum & Chemical-H 0.01%
Anglo American Plc 0.01%
Repsol Sa 0.01%
Pioneer Natural Resources Co 0.01%
Equinor Asa 0.01%
Total Capital International Sa 2.875 19/11/2025 0.01%
Petrochina Co Ltd-H 0.01%
Pembina Pipeline Corp 0.01%
Petroleos Mexicanos 6.875 04/08/2026 0.01%
Hess Corp 0.01%
Cnooc Nexen Finance 2014 Ulc 4.25 30/04/2024 0.01%
Petroleos Mexicanos 6.5 13/03/2027 0.01%
Sasol Ltd 0.01%
Cheniere Energy Inc 0.01%
Diamondback Energy Inc 0.01%
Jxtg Holdings Inc 0.01%
Petroleos Mexicanos 6.75 21/09/2047 0.01%
Concho Resources Inc 0.01%
Sk Innovation Co Ltd 0.01%
Rosneft Oil Co Pjsc 0.01%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
Polski Koncern Naftowy Orlen 0.01%
Bp Capital Markets Plc 3.814 10/02/2024 0.01%
Apache Corp 4.75 15/04/2043 0.01%
Marubeni Corp 0.01%
Noble Energy Inc 0.01%
Devon Energy Corporation 0.01%
Cooper Energy Ltd 0.01%
China Shenhua Energy Co-H 0.01%
Exxon Mobil Corp 2.222 01/03/2021 0.01%
Energy Transfer Partners Lp 4.95 15/06/2028 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Marathon Oil Corp 0.01%
Conocophillips 6.5 01/02/2039 0.01%
Snam Spa 0.01%
Petroleos Mexicanos 3.75 21/02/2024 0.01%
Targa Resources Corp 0.01%
New Hope Corp Ltd 0.01%
Ecopetrol Sa 5.875 18/09/2023 0.01%
Apache Corp 0.01%
Energy Transfer Operating Lp 6.25 15/04/2049 0.01%
Mplx Lp 4.125 01/03/2027 0.01%
Chevron Corp 2.954 16/05/2026 0.01%
Reliance Industries Ltd 0.05%

Weapons

The Boeing Company 0.11%
United Technologies Corp 0.06%
Raytheon Company 0.03%
L3 Harris Technologies Inc 0.03%
General Dynamics Corp 0.03%
Transdigm Group Inc 0.01%
Bae Systems Plc 0.01%
Thales Sa 0.01%
Rolls-Royce Holdings Plc 0.01%
Leidos Holdings Inc 0.01%
Mitsubishi Heavy Industries Ltd 0.01%
Boeing Co/The 6.875 15/03/2039 0.01%
United Technologies Corp 4.625 16/11/2048 0.01%
Dassault Avaition Sa 0.01%
Precision Castparts Corp 2.5 15/01/2023 0.01%
United Technologies Corp 4.125 16/11/2028 0.01%

Gambling

Aristocrat Leisure Ltd 0.14%
Tabcorp Holdings Ltd 0.07%
Crown Resorts Ltd 0.03%
The Star Entertainment Group Ltd 0.03%
Las Vegas Sands Corp 0.01%
Mgm Resorts International 0.01%
Galaxy Entertainment Group L 0.01%
Jumbo Interactive Ltd 0.01%
Sands China Ltd 0.01%
Wynn Resorts Ltd 0.01%

Alcohol

Treasury Wine Estates Ltd 0.09%
Lvmh Moet Hennessy Vuitton ( Se ) 0.06%
Diageo Plc 0.06%
Anheuser-Busch Inbev Sa/Nv 0.04%
Pernod-Ricard Sa 0.02%
Ambev Sa 0.02%
Constellation Brands Inc-A 0.02%
Metcash Ltd 0.02%
Heineken Nv 0.02%
Graincorp Ltd 0.01%
Brown-Forman Corp-Class B 0.01%
Asahi Group Holdings Ltd 0.01%
Kirin Holdings Co Ltd 0.01%
Carlsberg As-B 0.01%
Kweichow Moutai Co Ltd 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch 4.7 01/02/2036 0.01%
Anheuser-Busch Inbev Worldwide Inc 5.8 23/01/2059 0.01%
China Resources Beer Holdings Co Ltd 0.01%
Heineken Holding Nv 0.01%
Remy Cointreau 0.01%
Molson Coors Brewing Co -B 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch 4.9 01/02/2046 0.01%
Anheuser-Busch Inbev Worldwide Inc 4.75 23/01/2029 0.01%

Palm Oil

Posco 0.01%
Astra International Tbk Pt 0.01%

GMOs

Novartis Ag-Reg 0.11%
Bayer Ag-Reg 0.04%
Basf Se 0.04%
Dowdupont Inc 0.03%
Nutrien Ltd 0.02%
Dowdupont Inc 5.319 15/11/2038 0.01%
Novartis Capital Corp 3.0 20/11/2025 0.01%
Stora Enso Oyj-R Shs 0.01%

Human Rights & Environmental Violations

BHP Group Ltd 0.75%
Johnson & Johnson 0.19%
Nestle Sa-Reg 0.19%
Chevron Corp 0.13%
Royal Dutch Shell Plc 'A' Ord 0.07%
Royal Dutch Shell Plc-B Shs 0.06%
Duke Energy Corp 0.04%
Vale Sa 0.03%
BHP Group Plc 0.03%
Sempra Energy 0.02%
Glencore Plc 0.02%
Barrick Gold Corp 0.02%
Nutrien Ltd 0.02%
Mining and Metallurgical Company Norilsk Nickel Ojsc 0.01%
Archer-Daniels-Midland Co 0.01%
Posco 0.01%
Essity Aktiebo-B 0.01%
Petrochina Co Ltd-H 0.01%
Astra International Tbk Pt 0.01%
Freeport-Mcmoran Inc 0.01%
Jbs Sa 0.01%
Grupo Mexico Sab 0.01%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
Duke Energy Corp 1.80 01/09/2021 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%

Animal Testing

Johnson & Johnson 0.190%
Nestle Sa-Reg 0.190%
Procter & Gamble Co 0.180%
Chevron Corp 0.130%
Coca-Cola Co 0.130%
Pepsico Inc 0.110%
Royal Dutch Shell Plc 'A' Ord 0.070%
Royal Dutch Shell Plc-B Shs 0.060%
Lvmh Moet Hennessy Vuitton ( Se ) 0.060%
Glaxosmithkline Plc 0.060%
Unilever Nv 0.050%
L'Oreal 0.040%
Unilever Plc 0.040%
Bayer Ag-Reg 0.040%
Basf Se 0.040%
Groupe Danone 0.040%
Colgate-Palmolive Company 0.030%
Air Liquide Sa 0.030%
Reckitt Benckiser 0.030%
Dowdupont Inc 0.030%
Ecolab Inc 0.030%
Kimberly-Clark Corp 0.030%
Air Products & Chemicals Inc 0.030%
Walgreens Boots Alliance Inc 0.030%
Estee Lauder Companies-Cl A 0.030%
General Mills Inc 0.020%
Shiseido Co Ltd 0.020%
Tesco Plc 0.020%
Ppg Industries Inc 0.020%
Givaudan-Reg 0.020%
Archer-Daniels-Midland Co 0.010%
Koninklijke Dsm Nv 0.010%
Akzo Nobel 0.010%
Clorox Company 0.010%
Church & Dwight Co Inc 0.010%
Essity Aktiebo-B 0.010%
Henkel Ag & Co Kgaa Vorzug 0.010%
Beiersdorf Ag 0.010%
Intl Flavors & Fragrances 0.010%
Coca-Cola European Partners Plc 0.010%
Associated British Foods Plc 0.010%
Burberry Group Plc 0.010%
Dowdupont Inc 5.319 15/11/2038 0.010%
Symrise Ag 0.010%
Fmc Corp 0.010%
Henkel Ag & Co Kgaa 0.010%
Coca-Cola Co/The 3.2 01/11/2023 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Newell Brands Inc 4.20 01/04/2026 0.010%
Kikkoman Corp 0.010%
Hindustan Unilever Ltd 0.016%

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.