Issues of concern

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.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Meta Platforms Inc-Class A 0.48%
    • Johnson & Johnson 0.34%
    • Thermo Fisher Scientific Inc 0.17%
    • Motorola Solutions Inc 0.10%
    • Rio Tinto Ltd 0.10%
    • Alstom 0.08%
    • Uber Technologies Inc 0.06%
    • Centrais Eletricas Brasilier 0.01%
    • Formosa Chemicals & Fibre 0.01%
    • Grupo Mexico Sab De Cv-Ser B 0.01%
    • Li Ning Co Ltd 0.01%
    • Pan American Silver Corp 0.01%
    • BHP Group Ltd 0.52% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Newcrest Mining Ltd 0.05%
    • Posco 0.02%
    • Astra International Tbk Pt 0.01%
    • Nissan Chemical Corp 0.01%
    • Soc Quimica Y Minera Chile-B 0.01%
    • Southern Copper Corp 0.01%
    • Zijin Mining Group Co Ltd-H 0.01%
    • LVMH Moet Hennessy Louis Vui 0.14%
    • Sherwin-Williams Co/The 0.12%
    • Novozymes A/S-B Shares 0.10%
    • L'Oreal 0.08%
    • Estee Lauder Companies-Cl A 0.04%
    • Church & Dwight Co Inc 0.03%
    • Givaudan-Reg 0.03%
    • Hermes International 0.03%
    • PPG Industries Inc 0.03%
    • Kering 0.02%
    • Orica Ltd 0.02%
    • Ultrapar Participacoes SA 0.02%
    • Albemarle Corp 0.01%
    • Beiersdorf AG 0.01%
    • Chr Hansen Holding A/S 0.01%
    • Formosa Chemicals & Fibre 0.01%
    • Formosa Plastics Corp 0.01%
    • Groupe Bruxelles Lambert Nv 0.01%
    • Intl Flavors & Fragrances 0.01%
    • Moncler Spa 0.01%
    • Nan Ya Plastics Corp 0.01%
    • Nissan Chemical Corp 0.01%
    • Petronas Chemicals Group Bhd 0.01%
    • Sahara International Petroch 0.01%
    • Shiseido Co Ltd 0.01%
    • Amphenol Corp-Cl A 0.06%
    • Heico Corp 0.06%
    • Transdigm Group Inc 0.06%
    • Booz Allen Hamilton Holdings 0.01%
    • Heico Corp-Class A 0.01%
    • Contact Energy Ltd 0.63% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.52% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Genesis Energy Ltd 0.13%
    • Rio Tinto Ltd 0.10%
    • Tata Steel Ltd-Gdr Reg S 0.08%
    • Northland Power Inc 0.06%
    • Verbund AG 0.06% 1.5°C
      This company is on a 1.5°C pathway
    • Ampol Ltd 0.05%
    • Bkw AG 0.05%
    • Channel Infrastructure NZ Lt 0.05%
    • Washington H. Soul Pattinson 0.05%
    • South32 Ltd 0.04%
    • Viva Energy Group Ltd 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Apa Group 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Edp-Energias De Portugal SA 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Origin Energy Ltd 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Agl Energy Ltd 0.02%
    • Cosan SA 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Hd Hyundai 0.02%
    • Orica Ltd 0.02%
    • Petronas Dagangan Bhd 0.02%
    • Qatar Gas Transport(Nakilat) 0.02%
    • Weg SA 0.02%
    • Abu Dhabi National Oil Co Fo 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Astra International Tbk Pt 0.01%
    • Centrais Eletricas Brasilier 0.01%
    • Cez As 0.01%
    • Citic Ltd 0.01%
    • Citic Securities Co Ltd-H 0.01%
    • Constellation Energy 0.01%
    • Enn Energy Holdings Ltd 0.01%
    • Grupo Mexico Sab De Cv-Ser B 0.01%
    • Jindal Steel & Power Ltd 0.01%
    • Kghm Polska Miedz SA 0.01%
    • Lg Corp 0.01%
    • Rabigh Refining and Petroche 0.01%
    • Taiwan Cement 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 30th Sept. 2023 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.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

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.

About this fund

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 $3.04B NZD
Period of data report 30th Sept. 2023
Members 89,023
Fund started 2nd Oct. 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 0.0
Total other charges currency NZD

Frank Jasper

Currently: Investment Committee member (1 years, 2 months)
Previously: Chief Investment Officer, Fisher Funds (previous position) (4 years, 0 months)

Jax Mitchell

Currently: Investment Committee member (0 years, 11 months)
Previously: GM Wealth, Insurance & Partnerships, ASB Bank (current position) (0 years, 11 months)

Stephen Moir

Currently: Investment Committee Chairman (0 years, 4 months)
Previously: Investment Committee member (2 years, 8 months)

Justine Sefton

Currently: Investment Committee member (1 years, 2 months)
Previously: Member/Deputy-Chair of the Impact Investment Network Aotearoa NZ (current position) (3 years, 4 months)

John Smith

Currently: Investment Committee member (12 years, 4 months)
Previously: Head of Asset Management, ASB Bank (current position) (11 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th Sept. 2023.

Past Returns

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
2023 -2.79% -1.91%
2022 0.71% 0.52%
2021 17.98% 19.92%
2020 -1.40% -3.18%
2019 5.81% 6.97%
2018 5.28% 6.79%
2017 5.86% 7.84%
2016 4.01% 3.53%
2015 11.09% 12.92%
2014 7.28% 7.11%

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 30th Sept. 2023.

Top 10 Investments

  • Ishares Physical Gold Etc
    Ireland Commodities
    2.98%
  • Apple Inc
    United States International Equities
    1.98%
  • Microsoft Corp
    United States International Equities
    1.71%
  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    1.25%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    1.14%
  • Auckland International Airport Ltd
    New Zealand Listed Property
    1.03%
  • New Zealand Government 140433 3.50 Gb
    New Zealand NZ Fixed Interest AAA
    1.02%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    0.89%
  • Nvidia Corp
    United States International Equities
    0.85%
  • New Zealand Government 150427 4.50 Gb
    New Zealand NZ Fixed Interest AAA
    0.84%
Type Target Actual
Cash and Cash Equivalents 3.0% 2.3%
New Zealand Fixed Interest 19.0% 16.33%
International Fixed Interest 18.0% 19.8%
Australasian Equities 25.0% 16.13%
International Equities 29.0% 42.42%
Listed Properties 2.5% 0.0%
Unlisted Properties 0.0% 0.0%
Other 3.5% 0.0%
Commodities 0.0% 3.02%

Investment Mix

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 30th Sept. 2023.