ASB Positive Impact Fund

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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.

A summary of this fund and its details.

Key Personnel

• Adam Boyd

  Currently: Investment Committee member (3 years, 10 months)
  Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (3 years, 10 months)

• Graeme Edwards

  Currently: Investment Committee Chairman (0 years, 5 months)
  Previously: Investment Committee member (8 years, 3 months)

• John Smith

  Currently: Investment Committee member (8 years, 10 months)
  Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (7 years, 10 months)

• Jonathan Beale

  Currently: Investment Committee member (5 years, 7 months)
  Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 5 months)

• Nigel Annett

  Currently: Investment Committee member (6 years, 0 months)
  Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

The market average is the average 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 2020 .

Showing the top 10 investments for this fund:

• Mercer Socially Responsible Hedged Overseas Shares Portfolio
  New Zealand International Equities
  59.22%
• Vanguard Ethically Conscious Global Bond Index Fund NZD Hdgd
  Australia Int Fixed Interest
  36.89%
• ASB Bank Account NZD
  New Zealand Cash and Equivalents A-1+
  3.89%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 2020 .

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

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
  Does this fund say it excludes this?
  Actual holdings
• Adult Entertainment/Pornography:
  0.00%
• Alcohol:
  0.03%
• Animal Testing:
  6.48%
• Fossil Fuels:
  0.89%
• Gambling:
  0.00%
• GMOs:
  0.28%
• Human Rights & Environmental Violations:
  0.72%
• Palm Oil:
  0.01%
• Tobacco:
  0.01%
• Weapons:
  0.20%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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.

In their own words: "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. The Positive Impact Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets."

Download the fund's disclosure statement and portfolio holdings.

• Portfolio holdings v