ASB KiwiSaver Scheme

Not Mindful

Type: Growth fund

Past Returns: 3.40%

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

Annual Fees: 0.7%

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

Aes Corp 0.01%
Alliant Energy Corp 0.01%
Ameren Corporation 0.02%
American Electric Power 0.04%
Anglo American PLC 0.02%
Apa Group 0.12%
Beach Energy Ltd 0.02%
BHP Group Ltd 0.83%
BHP Group PLC 0.03%
BP PLC 0.09%
Cabot Oil & Gas Corp 0.01%
Caltex Australia Ltd 0.06%
Canadian Natural Resources 0.01%
Cheniere Energy Inc 0.01%
Chevron Corp 0.13%
China Petroleum & Chemical-H 0.02%
China Shenhua Energy Co-H 0.01%
Clp Holdings Ltd 0.01%
Cms Energy Corp 0.02%
Cnooc Ltd 0.02%
Concho Resources Inc 0.01%
Conocophillips 0.03%
Cooper Energy Ltd 0.01%
Dominion Energy Incorporated 0.06%
Dte Energy Company 0.02%
Emera Inc 0.01%
Enbridge Inc 0.06%
Engie 0.02%
Eni Spa 0.03%
Eog Resources Inc 0.02%
Equinor Asa 0.01%
Evergy Inc 0.01%
Exxon Mobil Corporation 0.16%
Firstenergy Corp 0.02%
Galp Energia Sgps SA 0.01%
Gazprom PJSC 0.03%
Glencore PLC 0.02%
Hess Corp 0.01%
Inpex Corp 0.01%
Jxtg Holdings Inc 0.01%
Kinder Morgan Inc 0.03%
Korea Electric Power Corp 0.01%
Lukoil PJSC 0.03%
Marathon Petroleum Corp 0.01%
Marubeni Corp 0.01%
Metro Inc 0.01%
Neste Oyj 0.01%
New Hope Corp Ltd 0.01%
Nextera Energy Inc 0.11%
Novatek PJSC-Spons Gdr Reg S 0.01%
Nrg Energy Inc 0.01%
Occidental Petroleum Corp 0.01%
Oil Search Ltd 0.03%
OMV AG 0.01%
Oneok Inc 0.01%
Origin Energy Ltd 0.08%
Pembina Pipeline Corp 0.01%
Petrobras - Petroleo Bras 0.01%
Petrobras - Petroleo Bras-Pr 0.01%
Petrochina Co Ltd-H 0.01%
Phillips 66 0.02%
Pioneer Natural Resources Co 0.01%
Ptt Pcl-Nvdr 0.01%
Repsol SA 0.01%
Rosneft Oil Co PJSC 0.01%
Royal Dutch Shell PLC 'A' Ord 0.07%
Royal Dutch Shell PLC-B Shs 0.06%
Rwe AG 0.01%
Santos Ltd 0.06%
Sk Innovation Co Ltd 0.01%
Snam Spa 0.01%
South32 Ltd 0.09%
Suncor Energy Inc 0.02%
Tatneft PJSC 0.01%
Tenaga Nasional Bhd 0.01%
Total SA 0.09%
Valero Energy Corp 0.02%
Viva Energy Group Ltd 0.01%
Washington H. Soul Pattinson 0.02%
Wec Energy Group Inc 0.03%
Whitehaven Coal Ltd 0.02%
Williams Cos Inc 0.02%
Woodside Petroleum Ltd 0.17%
Xcel Energy Inc 0.03%

Weapons

Bae Systems PLC 0.02%
General Dynamics Corp 0.03%
Heico Corp 0.01%
L3 Harris Technologies Inc 0.04%
Leidos Holdings Inc 0.01%
Mitsubishi Heavy Industries Ltd 0.01%
Raytheon Company 0.04%
Rolls-Royce Holdings PLC 0.01%
Teledyne Technologies Incorporated 0.01%
Thales SA 0.01%
The Boeing Company 0.08%
Transdigm Group Inc 0.02%
United Technologies Corp 0.08%

Gambling

Aristocrat Leisure Ltd 0.13%
Crown Resorts Ltd 0.03%
Galaxy Entertainment Group L 0.01%
Las Vegas Sands Corp 0.02%
Mgm Resorts International 0.01%
Sands China Ltd 0.01%
Skycity Entertainment Group 0.26%
Tabcorp Holdings Ltd 0.05%
The Star Entertainment Group Ltd 0.02%
Wynn Resorts Ltd 0.01%

Alcohol

Ambev SA 0.01%
Anheuser-Busch Inbev SA/Nv 0.03%
Asahi Group Holdings Ltd 0.01%
Brown-Forman Corp-Class B 0.02%
Carlsberg As-B 0.01%
China Resources Beer Holdings Co Ltd 0.01%
Constellation Brands Inc-A 0.02%
Diageo PLC 0.07%
Graincorp Ltd 0.01%
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 ) 0.10%
Metcash Ltd 0.03%
Pernod-Ricard SA 0.03%
Treasury Wine Estates Ltd 0.07%
Wuliangye Yibin Co Ltd 0.01%

Palm Oil

Astra International Tbk Pt 0.01%
Posco 0.01%
Wilmar International Ltd 0.01%

GMOs

Basf Se 0.04%
Bayer AG-Reg 0.06%
Dowdupont Inc 0.03%
Novartis AG-Reg 0.17%
Novozymes A/S-B Shares 0.01%
Nutrien Ltd 0.02%
Stora Enso Oyj-R Shs 0.01%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.02%
Astra International Tbk Pt 0.01%
Barrick Gold Corp 0.03%
BHP Group Ltd 0.83%
BHP Group PLC 0.03%
Chevron Corp 0.13%
Duke Energy Corp 0.06%
Essity Aktiebo-B 0.02%
Freeport-Mcmoran Inc 0.01%
Glencore PLC 0.02%
Grupo Mexico Sab 0.01%
Jbs SA 0.01%
Johnson & Johnson 0.33%
Mining and Metallurgical Company Norilsk Nickel Ojsc 0.02%
Nestle SA-Reg 0.30%
Nutrien Ltd 0.02%
Petrochina Co Ltd-H 0.01%
Posco 0.01%
Rio Tinto Ltd 0.30%
Rio Tinto PLC 0.05%
Royal Dutch Shell PLC 'A' Ord 0.07%
Royal Dutch Shell PLC-B Shs 0.06%
Sempra Energy 0.03%
Vale SA 0.03%
Wilmar International Ltd 0.01%

Animal Testing

Air Liquide SA 0.060%
Air Products & Chemicals Inc 0.040%
Akzo Nobel 0.010%
Albemarle Corp 0.010%
Amorepacific Corp 0.010%
Archer-Daniels-Midland Co 0.020%
Arkema 0.010%
Associated British Foods PLC 0.010%
Basf Se 0.040%
Bayer AG-Reg 0.060%
Beiersdorf AG 0.010%
Burberry Group PLC 0.010%
Cabot Oil & Gas Corp 0.010%
Chevron Corp 0.130%
Chr Hansen Holding A/S 0.010%
Church & Dwight Co Inc 0.020%
Clorox Company 0.020%
Coca-Cola Co 0.180%
Coca-Cola European Partners PLC 0.010%
Coca-Cola Hbc AG 0.010%
Colgate-Palmolive Company 0.050%
Croda International PLC 0.010%
Dowdupont Inc 0.030%
Ecolab Inc 0.040%
Essity Aktiebo-B 0.020%
Estee Lauder Companies-Cl A 0.040%
Evonik Industries AG 0.010%
Fmc Corp 0.010%
General Mills Inc 0.030%
Givaudan-Reg 0.030%
Glaxosmithkline PLC 0.090%
Groupe Danone 0.040%
Henkel AG & Co Kgaa 0.010%
Henkel AG & Co Kgaa Vorzug 0.020%
Intl Flavors & Fragrances 0.010%
Jeronimo Martins 0.010%
Johnson & Johnson 0.330%
Kikkoman Corp 0.010%
Kimberly-Clark Corp 0.040%
Koninklijke Dsm Nv 0.020%
Kose Corp 0.010%
L'Oreal 0.060%
LVMH Moet Hennessy Vuitton ( Se ) 0.100%
Nestle SA-Reg 0.300%
Novozymes A/S-B Shares 0.010%
Pepsico Inc 0.160%
PPG Industries Inc 0.020%
Procter & Gamble Co 0.270%
Reckitt Benckiser 0.050%
Royal Dutch Shell PLC 'A' Ord 0.070%
Royal Dutch Shell PLC-B Shs 0.060%
Sainsbury (J) PLC 0.010%
Shiseido Co Ltd 0.020%
Solvay SA 0.010%
Symrise AG 0.010%
Tesco PLC 0.030%
Unilever Nv 0.070%
Unilever PLC 0.060%
Walgreens Boots Alliance Inc 0.040%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 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.

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
2020	-3.47%	-6.17%
2019	6.87%	8.23%
2018	7.63%	8.13%
2017	8.87%	10.31%
2016	3.62%	3.39%
2015	13.73%	15.21%
2014	8.43%	9.42%
2013	12.00%	11.27%
2012	-1.50%	-1.86%
2011	6.13%	6.74%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

Fisher & Paykel Healthcare Corporation Ltd
New Zealand Australasian Equities

3.74%
A2 Milk Co Ltd
New Zealand Australasian Equities

2.83%
ASB Bank Account NZD
New Zealand Cash and Equivalents A-1+

1.58%
Spark New Zealand Ltd
New Zealand Australasian Equities

1.53%
Auckland International Airport Ltd
New Zealand Australasian Equities

1.42%
Apple Inc
United States International Equities

1.32%
Microsoft Corporation
United States International Equities

1.22%
CSL Ltd
Australia Australasian Equities

1.11%
Meridian Energy Ltd
New Zealand Australasian Equities

1.1%
Commonwealth Bank Of Australia
Australia Australasian Equities

1.05%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	1.0%	1.22%
New Zealand Fixed Interest	6.5%	10.64%
International Fixed Interest	12.5%	7.35%
Australasian Equities	40.0%	36.01%
International Equities	32.5%	40.32%
Listed Properties	7.5%	4.46%
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 Tue June 30th 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:

0.50%
Animal Testing:

2.89%
Fossil Fuels:

3.30%
Gambling:

0.55%
GMOs:

0.34%
Human Rights & Environmental Violations:

2.42%
Palm Oil:

0.03%
Tobacco:

0.00%
Weapons:

0.37%

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 high total returns allowing for large movements of value up and down. The number of years with negative returns are generally expected to be the highest of the funds 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 Growth Fund invests in income and growth assets with a target investment mix of 20% income assets and 80% growth assets."

Value	$3.1B NZD
Period of data report	Tue June 30th 2020
Members	143,755
Fund started	Tue Oct. 2nd 2007
Total annual fund fees	0.7%
Total performance based fees	0.0%
Manager's basic fee	0.7%
Administration charges	0.0%
Total other charges	30.0
Total other charges currency	NZD

Key Personnel

Nigel Annett	Currently: Investment Committee member (6 years, 3 months) Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 8 months)
Jonathan Beale	Currently: Investment Committee member (5 years, 10 months) Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 8 months)
Adam Boyd	Currently: Investment Committee member (4 years, 1 months) Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (4 years, 1 months)
Graeme Edwards	Currently: Investment Committee Chairman (0 years, 8 months) Previously: Investment Committee member (8 years, 6 months)
John Smith	Currently: Investment Committee member (9 years, 1 months) Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (8 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v

ASB Growth Fund