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

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

Weapons

Leidos Holdings 0.06%
Booz Allen Hamilton Holding Corp 0.05%
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

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

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.

Number FND15017
Name ASB Positive Impact Fund
Risk profile Balanced fund
Description 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.
Value $25M NZD
Members 1,282
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 March 31st 2020
Fund started Thu July 25th 2019
Three-year average return No 3 year data yet
Market index past year return -3.41%
Past year return net charges and tax None%
Past year return net of charges gross of tax None%
Market index return since fund started %
Return since fund started net %
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

  • 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.

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 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.

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% 38.4%
Australasian Equities 0.0% 0.0%
International Equities 60.0% 61.6%
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 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.

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