ASB Balanced Fund

Find a Mindful Ethical fund »

Not Mindful

Fund type: Balanced fund

Past Returns: 7.90%

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

Annual Fees: 0.65%

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

Alleghany Corp 0.01%
Altagas Ltd 0.03%
Ampol Ltd 0.05%
Anglo American PLC 0.04%
Apa Group 0.04%
Arcelormittal 0.01%
Astra International Tbk Pt 0.01%
Atlantia Spa 0.01%
Atmos Energy Corp 0.01%
Cheniere Energy Inc 0.05%
Citic Securities Co Ltd-H 0.01%
Ck Hutchison Holdings Ltd 0.01%
Coca-Cola Co 0.13%
Cosan SA 0.01%
Empresas Copec SA 0.01%
Enbridge Inc 0.07%
Engie 0.02%
Evraz PLC 0.01%
Genesis Energy Ltd 0.19%
Hong Kong and China Gas Company 0.01%
Itochu Corp 0.02%
Keyera Corp 0.03%
Kinder Morgan Inc 0.05%
Loews Corp 0.01%
Lyondellbasell Indu-Cl A 0.02%
Marathon Petroleum Corp 0.05%
Marubeni Corp 0.01%
Mitsubishi Corp 0.02%
Naturgy Energy Group S.A. 0.01%
Neste Oyj 0.04%
Nippon Steel Corp 0.01%
Nippon Yusen Kk 0.01%
Oneok Inc 0.05%
Origin Energy Ltd 0.03%
Osaka Gas Co Ltd 0.01%
Parkland Corporation 0.03%
Pembina Pipeline Corp 0.04%
Petrobras Distribuidora SA 0.01%
Phillips 66 0.05%
Posco 0.01%
Public Service Enterprise Group 0.02%
Qatar Gas Transport Co Ltd 0.01%
S-Oil Corporation 0.01%
Severstal Oao 0.01%
Snam Spa 0.03%
South32 Ltd 0.06%
Sumitomo Corp 0.02%
Tc Energy Corporation 0.06%
Teck Resources Ltd Û Class B 0.01%
Ugi Corp 0.01%
Vale SA 0.04%
Valero Energy Corp 0.01%
Viva Energy Group Ltd 0.04%
Vopak 0.03%
Williams Cos Inc 0.05%

Weapons

Amphenol Corp-Cl A 0.02%
Exor Holding Nv 0.01%
Heico Corp 0.05%
Jfe Holdings Inc 0.01%
Larsen & Toubro Ltd 0.07%
Leidos Holdings Inc 0.01%
Rolls-Royce Holdings PLC 0.02%
Singapore Tech Engineering 0.03%
Transdigm Group Inc 0.05%

Tobacco

Alimentation Couche-Tard -B 0.02%
Dino Polska SA 0.01%
Seven & I Holdings Co Ltd 0.02%

Gambling

Aristocrat Leisure Ltd 0.10%
Caesars Entertainment Inc 0.01%
Crown Resorts Ltd 0.01%
Draftkings Inc 0.01%
Flutter Entertainment PLC 0.02%
Galaxy Entertainment Group L 0.01%
Gaming and Leisure Properties Inc 0.01%
Las Vegas Sands Corp 0.01%
Mgm Resorts International 0.01%
Pointsbet Holdings Ltd 0.01%
Skycity Entertainment Group 0.28%
Tabcorp Holdings Ltd 0.04%
The Star Entertainment Group Ltd 0.02%
Vici Properties Inc 0.03%
Wynn Resorts Ltd 0.01%

Adult Entertainment/Pornography

Caesars Entertainment Inc 0.01%
Mgm Resorts International 0.01%

Alcohol

Ambev SA 0.01%
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%
Anheuser-Busch Inbev SA/Nv 0.04%
Asahi Group Holdings Ltd 0.02%
Asia Cement Corp 0.01%
Brown-Forman Corp-Class B 0.02%
Carlsberg As-B 0.02%
China Resources Beer Holdings Co Ltd 0.01%
Constellation Brands Inc-A 0.04%
Davide Campari-Milano Nv 0.01%
Diageo PLC 0.09%
Endeavour Group Ltd/Australia 0.03%
Heineken Holding Nv 0.01%
Heineken Nv 0.02%
Kirin Holdings Co Ltd 0.02%
Kweichow Moutai Co Ltd 0.02%
LVMH Moet Hennessy Vuitton ( Se ) 0.11%
Metcash Ltd 0.01%
Molson Coors Beverage Co 0.02%
Pernod-Ricard SA 0.05%
Remy Cointreau 0.01%
Treasury Wine Estates Ltd 0.03%
United Malt Grp Ltd 0.01%
Wuliangye Yibin Co Ltd 0.01%

Palm Oil

Astra International Tbk Pt 0.01%

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Astra International Tbk Pt 0.01%
Bank Leumi Le-Israel 0.01%
Barrick Gold Corp 0.02%
Bayer AG-Reg 0.04%
Duke Energy Corp 0.04%
Evergreen Marine Corp Ltd 0.01%
Formosa Chemicals & Fibre 0.01%
Formosa Plastics Corp 0.01%
Freeport-Mcmoran Inc 0.04%
Grupo Mexico Sab 0.01%
Jbs SA 0.01%
Johnson & Johnson 0.24%
Motorola Solutions Inc 0.02%
Mtn Group Ltd 0.01%
Nestle SA-Reg 0.19%
Pg & E Corp 0.01%
Posco 0.01%
Rio Tinto Ltd 0.15%
Rio Tinto PLC 0.06%
Teva Pharmaceutical-Sp Adr 0.01%
Vale SA 0.04%
Zijin Mining Group Co Ltd 0.01%
Zijin Mining Group Co Ltd-H 0.01%

Animal Testing

Air Liquide-Prime Fidelite Regd 0.04%
Akzo Nobel 0.01%
Albemarle Corp 0.02%
Archer-Daniels-Midland Co 0.02%
Asahi Group Holdings Ltd 0.02%
Associated British Foods PLC 0.01%
Avantor Inc 0.01%
Basf Se 0.04%
Bayer AG-Reg 0.04%
Beiersdorf AG 0.01%
Burberry Group PLC 0.01%
Celanese Corp-Series A 0.01%
Church & Dwight Co Inc 0.01%
Clorox Company 0.01%
Coca-Cola Co 0.13%
Corteva Inc 0.02%
Covestro AG 0.01%
Croda International PLC 0.01%
Dow Inc 0.04%
Dowdupont Inc 0.02%
Eastman Chemical Co 0.01%
Ecolab Inc 0.03%
Essity Aktiebo-B 0.02%
Estee Lauder Companies-Cl A 0.04%
Fmc Corp 0.01%
Formosa Chemicals & Fibre 0.01%
Formosa Plastics Corp 0.01%
Fujifilm Holdings Corp 0.02%
General Mills Inc 0.02%
Givaudan-Reg 0.02%
Glaxosmithkline PLC 0.07%
Groupe Danone 0.02%
Henkel AG & Co Kgaa 0.01%
Henkel AG & Co Kgaa Vorzug 0.01%
Hermes International 0.02%
Ingersoll-Rand 0.01%
Intl Flavors & Fragrances 0.02%
Johnson & Johnson 0.24%
Kao Corp 0.02%
Kerry Group PLC-A 0.02%
Keurig Dr Pepper Com 0.01%
Kikkoman Corp 0.01%
Kimberly-Clark Corp 0.03%
Kirin Holdings Co Ltd 0.02%
Koninklijke Dsm Nv 0.02%
L'Oreal 0.06%
LVMH Moet Hennessy Vuitton ( Se ) 0.11%
Lg Household & Health Care 0.01%
Linde PLC 0.08%
Lyondellbasell Indu-Cl A 0.02%
Marubeni Corp 0.01%
Mondelez International - W/I 0.05%
Mosaic Co 0.01%
Nan Ya Plastics Corp 0.01%
Nestle SA-Reg 0.19%
Novozymes A/S-B Shares 0.01%
Nufarm Ltd 0.01%
Nutrien Ltd 0.02%
PPG Industries Inc 0.02%
Pepsico Inc 0.12%
Petronas Chemicals Group Bhd 0.01%
Procter & Gamble Co 0.20%
Puma Se 0.01%
Reckitt Benckiser 0.03%
Rpm International Inc 0.01%
Sainsbury (J) PLC 0.01%
Seven & I Holdings Co Ltd 0.02%
Sherwin-Williams Co 0.04%
Shin-Etsu Chemical Co Ltd 0.03%
Shiseido Co Ltd 0.01%
Solvay SA 0.01%
Symrise AG 0.01%
Tesco PLC 0.02%
Umicore SA 0.01%
Unicharm Corp 0.01%
Unilever PLC 0.08%
Yara International Asa 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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% 19.92%
2020 -1.20% -3.18%
2019 5.69% 6.97%
2018 5.19% 6.79%
2017 5.86% 7.84%
2016 4.01% 3.53%
2015 11.09% 12.92%
2014 7.28% 7.11%
2013 10.75% 9.69%
2012 1.75% 0.0%

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    2.2%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    1.88%
  • Apple Inc
    United States International Equities
    1.54%
  • Microsoft Corporation
    United States International Equities
    1.27%
  • New Zealand Government 5.5 15/04/2023
    New Zealand NZ Fixed Interest AAA
    1.21%
  • New Zealand Government 0.5 15/05/2024
    New Zealand NZ Fixed Interest AAA
    1.13%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities A-
    1.08%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities A-
    0.99%
  • New Zealand Government 2.75 15/04/2025
    New Zealand NZ Fixed Interest AAA
    0.98%
  • New Zealand Government 3 20/04/2029
    New Zealand NZ Fixed Interest AAA
    0.96%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 3.0% 1.44%
New Zealand Fixed Interest 19.0% 16.23%
International Fixed Interest 18.0% 19.35%
Australasian Equities 25.0% 22.44%
International Equities 29.0% 38.49%
Listed Properties 2.5% 2.05%
Unlisted Properties 0.0% 0.0%
Other 3.5% 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 Fri Dec. 31st 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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:
    0.02%
  • Alcohol:
    0.64%
  • Animal Testing:
    2.46%
  • Fossil Fuels:
    1.65%
  • Gambling:
    0.58%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    0.97%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.05%
  • Weapons:
    0.27%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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 exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"To provide moderate to high total returns allowing for moderate to high movements of value up and down. The number of years with negative returns are generally expected to be higher than the Moderate Fund but lower than the Growth 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 Balanced Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets."

Value $2.9B NZD
Period of data report Fri Dec. 31st 2021
Members 82,523
Fund started Tue Oct. 2nd 2007
Total annual fund fees 0.65%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Other management and administration charges 0.0%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

Nigel Annett

Currently: Investment Committee member (7 years, 9 months)
Previously: Executive GM Corporate Banking ASB Bank (current position) (3 years, 2 months)

Adam Boyd

Currently: Investment Committee member (5 years, 7 months)
Previously: Executive GM Private Banking Wealth & Insurance ASB Bank (current position) (5 years, 7 months)

Graeme Edwards

Currently: Investment Committee Chairman (2 years, 2 months)
Previously: Investment Committee member (10 years, 0 months)

Stephen Moir

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

John Smith

Currently: Investment Committee member (10 years, 7 months)
Previously: Head of Asset Management ASB Bank (current position) (9 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 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 Markets Conduct Act 2013 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.