ASB Balanced Fund

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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

Ampol Ltd 0.04%
Anglo American PLC 0.02%
Apa Group 0.07%
Arcelormittal 0.01%
Atmos Energy Corp 0.01%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.85%
BHP Group PLC 0.03%
BP Capital Markets PLC 3.814 10/02/2024 0.01%
Beach Energy Ltd 0.02%
Canadian Natural Resources 0.01%
Cheniere Energy Inc 0.01%
Chevron Corp 0.09%
China Petroleum & Chemical-H 0.01%
Ck Hutchison Holdings Ltd 0.01%
Cnac Hk Finbridge Co Ltd 5.125 14/03/2028 0.01%
Coca-Cola Amatil Ltd 0.04%
Coca-Cola Co 0.09%
Conocophillips 0.03%
Devon Energy Corporation 0.01%
Dominion Energy Incorporated 0.03%
Enbridge Inc 0.03%
Eneos Holdings 0.01%
Energy Transfer Partners Lp 4.95 15/06/2028 0.01%
Engie 0.01%
Eni Spa 0.01%
Eog Resources Inc 0.02%
Equinor Asa 0.01%
Exxon Mobil Corp 3.452 15/04/2051 0.01%
Exxon Mobil Corporation 0.10%
Franco-Nevada Corp 0.01%
Gazprom PJSC 0.02%
Genesis Energy Ltd 0.26%
Glencore PLC 0.02%
Hess Corp 0.01%
Hong Kong and China Gas Company 0.01%
Itochu Corp 0.02%
Kinder Morgan Inc 0.02%
Loews Corp 0.01%
Lukoil PJSC 0.02%
Lyondellbasell Indu-Cl A 0.01%
Marathon Petroleum Corp 0.02%
Marubeni Corp 0.01%
Mitsubishi Corp 0.02%
Mitsui & Co Ltd 0.01%
Neste Oyj 0.01%
Nippon Steel Corp 0.01%
Novatek PJSC-Spons Gdr Reg S 0.01%
Occidental Petroleum Corp 0.01%
Oil Search Ltd 0.05%
Oneok Inc 0.01%
Origin Energy Ltd 0.05%
Pembina Pipeline Corp 0.01%
Petrobras - Petroleo Bras 0.01%
Petrobras - Petroleo Bras-Pr 0.01%
Petroleos Mexicanos 6.75 21/09/2047 0.01%
Petroleos Mexicanos 6.84 23/01/2030 0.01%
Phillips 66 0.02%
Pioneer Natural Resources Co 0.02%
Posco 0.01%
Ptt Pcl-Nvdr 0.01%
Public Service Enterprise Group 0.01%
Reliance Industries Ltd 0.05%
Repsol SA 0.01%
Rosneft Oil Co PJSC 0.01%
Royal Dutch Shell PLC 'A' Ord 0.03%
Royal Dutch Shell PLC-B Shs 0.03%
Santos Ltd 0.08%
Saudi Arabian Oil Co 0.01%
Saudi Arabian Oil Co 3.5 16/04/2029 0.01%
Saudi Arabian Oil Co 3.5 24/11/2070 0.01%
Shell International Finance Bv 2.375 06/04/2025 0.01%
Sk Innovation Co Ltd 0.01%
Snam Spa 0.01%
South32 Ltd 0.09%
Sumitomo Corp 0.01%
Suncor Energy Inc 0.01%
Tatneft PJSC 0.01%
Tc Energy Corporation 0.02%
Total Se 0.05%
Vale SA 0.04%
Valero Energy Corp 0.01%
Viva Energy Group Ltd 0.01%
Washington H. Soul Pattinson 0.03%
Whitehaven Coal Ltd 0.01%
Williams Cos Inc 0.01%
Woodside Petroleum Ltd 0.15%

Weapons

Amphenol Corp-Cl A 0.02%
Heico Corp 0.04%
Leidos Holdings Inc 0.01%
Rolls-Royce Holdings PLC 0.01%
Singapore Tech Engineering 0.01%
Teledyne Technologies Incorporated 0.02%
Transdigm Group Inc 0.03%

Tobacco

Alimentation Couche-Tard -B 0.01%
Seven & I Holdings Co Ltd 0.01%

Gambling

Aristocrat Leisure Ltd 0.14%
Crown Resorts Ltd 0.03%
Draftkings Inc 0.01%
Evolution Gaming Group Ab 0.01%
Flutter Entertainment PLC 0.01%
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 0.40%
Tabcorp Holdings Ltd 0.07%
The Star Entertainment Group Ltd 0.02%
Vici Properties Inc 0.02%
Wynn Resorts Ltd 0.01%

Adult Entertainment/Pornography

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 0.02%
Anheuser-Busch Inbev Worldwide Inc 4.15 23/01/2025 0.01%
Anheuser-Busch Inbev Worldwide Inc 5.8 23/01/2059 0.01%
Asahi Group Holdings Ltd 0.01%
Brown-Forman Corp-Class B 0.01%
Carlsberg As-B 0.01%
China Resources Beer Holdings Co Ltd 0.01%
Coca-Cola Amatil Ltd 0.04%
Constellation Brands Inc-A 0.02%
Diageo PLC 0.04%
Graincorp Ltd 0.01%
Heineken Nv 0.01%
Kirin Holdings Co Ltd 0.01%
Kweichow Moutai Co Ltd 0.01%
LVMH Moet Hennessy Vuitton ( Se ) 0.08%
Metcash Ltd 0.03%
Pernod-Ricard SA 0.02%
Treasury Wine Estates Ltd 0.05%
Wuliangye Yibin Co Ltd 0.01%

Palm Oil

Posco 0.01%

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.01%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.85%
BHP Group PLC 0.03%
Barrick Gold Corp 0.02%
Bayer AG-Reg 0.03%
Chevron Corp 0.09%
Duke Energy Corp 0.03%
Essity Aktiebo-B 0.01%
Formosa Chemicals & Fibre 0.01%
Formosa Plastics Corp 0.01%
Freeport-Mcmoran Inc 0.02%
Glencore PLC 0.02%
Grupo Mexico Sab 0.01%
Johnson & Johnson 0.18%
Mining and Metallurgical Company Norilsk Nickel Ojsc 0.01%
Motorola Solutions Inc 0.01%
Nestle SA-Reg 0.14%
Posco 0.01%
Rio Tinto Ltd 0.26%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC 'A' Ord 0.03%
Royal Dutch Shell PLC-B Shs 0.03%
Sempra Energy 0.02%
Shell International Finance Bv 2.375 06/04/2025 0.01%
Vale SA 0.04%

Animal Testing

Air Liquide-Prime Fidelite Regd 0.030%
Akzo Nobel 0.010%
Albemarle Corp 0.010%
Archer-Daniels-Midland Co 0.010%
Asahi Group Holdings Ltd 0.010%
Avantor Inc 0.010%
Basf Se 0.030%
Bayer AG-Reg 0.030%
Burberry Group PLC 0.010%
Celanese Corp-Series A 0.010%
Chevron Corp 0.090%
Church & Dwight Co Inc 0.010%
Clorox Company 0.010%
Cnac Hk Finbridge Co Ltd 5.125 14/03/2028 0.010%
Coca-Cola Amatil Ltd 0.040%
Coca-Cola Co 0.090%
Corteva Inc 0.020%
Covestro AG 0.010%
Croda International PLC 0.010%
Dow Inc 0.020%
Dowdupont Inc 0.020%
Dupont De Nemours Inc 2.169 01/05/2023 0.010%
Eastman Chemical Co 0.010%
Ecolab Inc 0.020%
Essity Aktiebo-B 0.010%
Estee Lauder Companies-Cl A 0.030%
Fmc Corp 0.010%
Formosa Chemicals & Fibre 0.010%
Formosa Plastics Corp 0.010%
Fujifilm Holdings Corp 0.010%
General Mills Inc 0.020%
Givaudan-Reg 0.020%
Glaxosmithkline PLC 0.040%
Groupe Danone 0.020%
Henkel AG & Co Kgaa Vorzug 0.010%
Hermes International 0.020%
Hindustan Unilever Ltd 0.020%
Ingersoll-Rand 0.010%
Intl Flavors & Fragrances 0.010%
Johnson & Johnson 0.180%
Kao Corp 0.010%
Kerry Group PLC-A 0.010%
Keurig Dr Pepper Com 0.010%
Kimberly-Clark Corp 0.020%
Kirin Holdings Co Ltd 0.010%
Koninklijke Dsm Nv 0.010%
Kraft Heinz Foods Co 4.875 01/10/2049 0.010%
L'Oreal 0.040%
LVMH Moet Hennessy Vuitton ( Se ) 0.080%
Lg Household & Health Care 0.010%
Linde PLC 0.060%
Lyondellbasell Indu-Cl A 0.010%
Marubeni Corp 0.010%
Mondelez International - W/I 0.040%
Mosaic Co 0.010%
Nan Ya Plastics Corp 0.010%
Nestle SA-Reg 0.140%
Novozymes A/S-B Shares 0.010%
Nufarm Ltd 0.010%
Nutrien Ltd 0.010%
PPG Industries Inc 0.020%
Pepsico Inc 0.080%
Procter & Gamble Co 0.140%
Reckitt Benckiser 0.030%
Reliance Industries Ltd 0.050%
Royal Dutch Shell PLC 'A' Ord 0.030%
Royal Dutch Shell PLC-B Shs 0.030%
Rpm International Inc 0.010%
Seven & I Holdings Co Ltd 0.010%
Shell International Finance Bv 2.375 06/04/2025 0.010%
Sherwin-Williams Co 0.030%
Shin-Etsu Chemical Co Ltd 0.030%
Shiseido Co Ltd 0.010%
Sk Innovation Co Ltd 0.010%
Symrise AG 0.010%
Tesco PLC 0.010%
Unicharm Corp 0.010%
Unilever PLC 0.060%

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 March 31st 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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    2.76%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    2.29%
  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    1.94%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.41%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.23%
  • Citibank Bank Account USD
    United States Cash and Equivalents A-1
    1.05%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.0%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities
    0.98%
  • Commonwealth Bank Of Australia
    Australia Australasian Equities
    0.97%
  • Ryman Healthcare Ltd
    New Zealand NZ Fixed Interest
    0.94%

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 4.0% 4.38%
New Zealand Fixed Interest 15.0% 9.9%
International Fixed Interest 21.0% 24.91%
Australasian Equities 29.0% 31.69%
International Equities 26.0% 28.08%
Listed Properties 5.0% 1.04%
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 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:
    0.01%
  • Alcohol:
    0.44%
  • Animal Testing:
    2.07%
  • Fossil Fuels:
    3.09%
  • Gambling:
    0.77%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    1.94%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.02%
  • Weapons:
    0.15%

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 March 31st 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 $2.5B NZD
Period of data report Wed March 31st 2021
Members 81,304
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, 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.

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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.