ASB Positive Impact Fund

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Not Mindful
Type: Balanced fund
Past Returns: No 3 year data yet

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

Annual Fees: 1.0%

Annual fees, including any membership and % management fee.

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.


Fossil Fuel

Metro Inc 0.05%
Nextera Energy Inc 0.24%
Suez SA 0.34%

Weapons

Booz Allen Hamilton Holding Corp 0.05%
Leidos Holdings 0.06%
Singapore Technologies Engineering Ltd 0.02%

Tobacco

Alcohol

Palm Oil

GMOs

Novozymes A/S 0.23%

Human Rights & Environmental Violations

Johnson & Johnson 0.63%
Nestle Holdings Inc. 24/9/2028 0.01%

Animal Testing

Argentum Netherlands Bv For Swiss 15/8/2050 0.010%
Beiersdorf AG 0.170%
Chr Hansen Holding A/S 0.490%
Coca-Cola Co 0.440%
Coca-Cola European Partners PLC 0.040%
Croda International PLC 0.120%
Danone SA 0.200%
Ecolab Inc 0.800%
Estee Lauder Companies Inc 0.140%
Givaudan SA 0.140%
Henkel AG & Co Kgaa 0.180%
Jeronimo Martins Sgps SA 0.020%
Johnson & Johnson 0.630%
Kikkoman Corp 0.200%
Koninklijke Dsm Nv 0.430%
L'Oreal SA 0.300%
Nestle Holdings Inc. 24/9/2028 0.010%
Novozymes A/S 0.230%
Pepsico Inc. 19/3/2025 0.010%
Procter & Gamble Co 0.290%
Reckitt Benckiser Treasury Service 26/6/2027 0.010%
Symrise AG 0.460%
Unilever Nv 0.170%
Unilever PLC 0.660%

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

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

Year Market Average Fund Annual Return

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Mercer Socially Responsible Hedged Overseas Shares Portfolio
    New Zealand International Equities
    57.76%
  • Vanguard Ethically Conscious Global Bond Index Fund NZD Hdgd
    Australia Int Fixed Interest
    39.36%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    2.88%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue June 30th 2020.

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% 40.34%
Australasian Equities 0.0% 0.0%
International Equities 60.0% 59.66%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 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 Tue June 30th 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 Tue March 31st 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 allowing for large movements of value up and down, from an exposure to a portfolio of investments with a preference for those that make a positive impact on society or the environment. The number of years with negative returns are generally expected to be similar to the Growth Fund in the ASB KiwiSaver Scheme. The Positive Impact Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets."

Value $33M NZD
Period of data report Tue June 30th 2020
Members 1,520
Fund started Thu July 25th 2019
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

Key Personnel

Nigel Annett

Currently: Investment Committee member (6 years, 3 months)
Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 8 months)

Jonathan Beale

Currently: Investment Committee member (5 years, 10 months)
Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 8 months)

Adam Boyd

Currently: Investment Committee member (4 years, 1 months)
Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (4 years, 1 months)

Graeme Edwards

Currently: Investment Committee Chairman (0 years, 8 months)
Previously: Investment Committee member (8 years, 6 months)

John Smith

Currently: Investment Committee member (9 years, 1 months)
Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (8 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

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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.