ASB Moderate Fund

Find a Mindful Ethical fund »
Not Mindful
Type: Balanced fund
Past Returns: 5.45%

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

Annual Fees: 0.6%

Annual fees, including management and administration fees, but not membership 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

Ampol Ltd 0.04%
Apa Group 0.08%
BHP Group Ltd 0.72%
BHP Group PLC 0.01%
BP PLC 0.01%
Basf Se 0.01%
Beach Energy Ltd 0.01%
Brickworks Ltd 0.01%
Chevron Corp 0.02%
Cnooc Ltd 0.01%
Cnooc Nexen Finance 2014 Ulc 4.25 30/04/2024 0.01%
Coca-Cola Amatil Ltd 0.03%
Coca-Cola Co 0.02%
Dominion Energy Incorporated 0.01%
Enbridge Inc 0.01%
Enel Spa 0.01%
Exxon Mobil Corporation 0.02%
Gazprom PJSC 0.01%
Genesis Energy Ltd 0.21%
Iberdrola SA 0.01%
Lukoil PJSC 0.01%
New World Development 0.02%
Nextera Energy Inc 0.02%
Oil Search Ltd 0.03%
Origin Energy Ltd 0.05%
Petrobras - Petroleo Bras-Pr 0.01%
Reliance Industries Ltd 0.02%
Rio Tinto Ltd 0.24%
Rio Tinto PLC 0.01%
Royal Dutch Shell PLC 'A' Ord 0.01%
Santos Ltd 0.06%
Saudi Arabian Oil Co 0.01%
South32 Ltd 0.07%
Total Se 0.01%
Vale SA 0.01%
Viva Energy Group Ltd 0.01%
Washington H. Soul Pattinson 0.02%
Whitehaven Coal Ltd 0.01%
Woodside Petroleum Ltd 0.12%

Weapons

Boeing Co/The 5.15 01/05/2030 0.01%
Boeing Co/The 5.805 01/05/2050 0.01%
The Boeing Company 0.01%

Gambling

Aristocrat Leisure Ltd 0.13%
Crown Resorts Ltd 0.02%
Gaming and Leisure Properties Inc 0.02%
Skycity Entertainment Group 0.33%
Tabcorp Holdings Ltd 0.05%
The Star Entertainment Group Ltd 0.02%
Vici Properties Inc 0.04%

Alcohol

Anheuser-Busch Cos Llc / Anheuser-Busch 4.7 01/02/2036 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch 4.9 01/02/2046 0.01%
Coca-Cola Amatil Ltd 0.03%
Diageo PLC 0.01%
Graincorp Ltd 0.01%
Kweichow Moutai Co Ltd 0.01%
LVMH Moet Hennessy Vuitton ( Se ) 0.02%
Metcash Ltd 0.02%
Treasury Wine Estates Ltd 0.05%

Human Rights & Environmental Violations

BHP Group Ltd 0.72%
BHP Group PLC 0.01%
Barrick Gold Corp 0.01%
Chevron Corp 0.02%
Duke Energy Corp 0.01%
Johnson & Johnson 0.04%
Mining and Metallurgical Company Norilsk Nickel Ojsc 0.01%
Nestle SA-Reg 0.04%
Rio Tinto Ltd 0.24%
Rio Tinto PLC 0.01%
Royal Dutch Shell PLC 'A' Ord 0.01%
Vale SA 0.01%

Animal Testing

Air Liquide SA 0.010%
Air Products & Chemicals Inc 0.010%
Basf Se 0.010%
Bayer AG-Reg 0.010%
Chevron Corp 0.020%
Coca-Cola Amatil Ltd 0.030%
Coca-Cola Co 0.020%
Colgate-Palmolive Company 0.010%
Ecolab Inc 0.010%
Estee Lauder Companies-Cl A 0.010%
Glaxosmithkline PLC 0.010%
Johnson & Johnson 0.040%
Kimberly-Clark Corp 0.010%
L'Oreal 0.010%
LVMH Moet Hennessy Vuitton ( Se ) 0.020%
Linde PLC 0.010%
Mondelez International - W/I 0.010%
Nestle SA-Reg 0.040%
Nufarm Ltd 0.010%
Pepsico Inc 0.020%
Procter & Gamble Co 0.040%
Reckitt Benckiser 0.010%
Reliance Industries Ltd 0.020%
Royal Dutch Shell PLC 'A' Ord 0.010%
Sherwin-Williams Co 0.010%
Shin-Etsu Chemical Co Ltd 0.010%
Unilever Nv 0.010%
Unilever PLC 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 Wed Sept. 30th 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

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
2021 16.64% 12.12%
2020 -1.20% -1.79%
2019 5.69% 6.02%
2018 5.19% 4.95%
2017 5.86% 5.39%
2016 4.01% 3.81%
2015 11.09% 10.12%
2014 7.28% 4.7%
2013 10.75% 7.82%
2012 1.75% 1.69%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    4.68%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    2.51%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    1.96%
  • Certificate Of Deposit Rcd ASB Bank 18/06/2021
    New Zealand Cash and Equivalents A-1+
    1.61%
  • New Zealand Government 5.5 15/04/2023
    New Zealand NZ Fixed Interest AAA
    1.5%
  • New Zealand Government 6 15/05/2021
    New Zealand NZ Fixed Interest AAA
    1.43%
  • Certificate Of Deposit Rcd ASB Bank 06/05/2021
    New Zealand Cash and Equivalents A-1+
    1.43%
  • Certificate Of Deposit Rcd ASB Bank 28/05/2021
    New Zealand Cash and Equivalents A-1+
    1.4%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.28%
  • New Zealand Government 2.75 15/04/2025
    New Zealand NZ Fixed Interest AAA
    1.23%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 9.0% 10.58%
New Zealand Fixed Interest 21.0% 26.36%
International Fixed Interest 30.0% 22.41%
Australasian Equities 19.0% 28.83%
International Equities 19.0% 7.66%
Listed Properties 2.0% 4.16%
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 Wed March 31st 2021.

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:
    0.17%
  • Animal Testing:
    0.46%
  • Fossil Fuels:
    2.01%
  • Gambling:
    0.61%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.13%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics 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 total returns allowing for moderate movements of value up and down. The number of years with negative returns are generally expected to be higher than the Conservative Fund but lower than the Balanced Fund in the ASB KiwiSaver Scheme. 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 Moderate Fund invests in income and growth assets with a target investment mix of 60% income assets and 40% growth assets."

Value $2.2B NZD
Period of data report Wed March 31st 2021
Members 84,630
Fund started Tue Oct. 2nd 2007
Total annual fund fees 0.6%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Administration charges 0.0%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

Nigel Annett

Currently: Investment Committee member (7 years, 0 months)
Previously: Executive GM Corporate Banking ASB Bank (current position) (2 years, 5 months)

Adam Boyd

Currently: Investment Committee member (4 years, 10 months)
Previously: Executive GM Private Banking Wealth & Insurance ASB Bank (current position) (4 years, 10 months)

Graeme Edwards

Currently: Investment Committee Chairman (1 years, 5 months)
Previously: Investment Committee member (9 years, 3 months)

Stephen Moir (Not Named In The Previous Fund Update)

Currently: Investment Committee member (0 years, 2 months)
Previously: Director Board of The Guardians of the NZ Superfund (previous position) (10 years, 11 months)

John Smith

Currently: Investment Committee member (9 years, 10 months)
Previously: Head of Asset Management ASB Bank (current position) (8 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.