AMP ASB Balanced Fund

In their own words: "The fund has a well-diversified portfolio that employs an active approach to asset allocation, with underlying investments predominantly in index tracking funds. The fund aims to provide moderate to high total returns with a negative return expected less than one in every five years."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: *6.33%

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

Annual Fees: 1.1%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND619
Name AMP ASB Balanced Fund
Risk profile Balanced fund
Description The fund has a well-diversified portfolio that employs an active approach to asset allocation, with underlying investments predominantly in index tracking funds. The fund aims to provide moderate to high total returns with a negative return expected less than one in every five years.
Value $25M NZD
Members 1,259
Market index description A composite index is calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Thu July 28th 2016
Three-year average return *6.33%
Market index past year return 18.13%
Past year return net charges and tax 15.63%
Past year return net of charges gross of tax 16.84%
Market index return since fund started 9.02%
Return since fund started net 7.18%
Total annual fund fees 1.1%
Total performance based fees 0.0%
Manager's basic fee 0.97%
Administration charges 0.13%
Total other charges 23.4
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% 5.97%
2018 5.63% 6.7%

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:

  • ASB Superannuation Master Trust-ASB Balanced Fund
    New Zealand Fund N/A
    100.0%

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

  • Blair Robert Vernon

    Currently: Investment Committee Member (8 years, 6 months)
    Previously: Chief Executive, AMP Wealth Management New Zealand (1 years, 0 months)

  • Jeffery Darren Ruscoe

    Currently: Investment Committee Member (0 years, 9 months)
    Previously: Chief Client Officer, AMP Wealth Management New Zealand (0 years, 9 months)

  • Timothy Pritchard

    Currently: Investment Committee Member (0 years, 9 months)
    Previously: General Counsel, AMP Wealth Management New Zealand (1 years, 7 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%

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%

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%

Palm Oil

GMOs

Novartis Ag-Reg 0.11%
Bayer Ag-Reg 0.04%
Basf Se 0.04%
Dowdupont Inc 0.03%
Nutrien Ltd 0.02%

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%

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%

Download the fund's disclosure statement and portfolio holdings.

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