Funds
ASB Growth Fund
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Ltd 0.93%
- BHP Group Ltd 0.79%
- Genesis Energy Ltd 0.23%
- Enbridge Inc 0.15%
- Marathon Petroleum Corp 0.15%
- Cheniere Energy Inc 0.14%
- Nextera Energy Inc 0.14%
- Phillips 66 0.13%
- Kinder Morgan Inc 0.12%
- Williams Cos Inc 0.12%
- Tc Energy Corporation 0.11%
- Valero Energy Corp 0.11%
- Oneok Inc 0.10%
- Targa Resources Corp 0.10%
- Ampol Ltd 0.09%
- Glencore PLC 0.09%
- Neste Oyj 0.09%
- Pembina Pipeline Corp 0.09%
- Snam Spa 0.09%
- Keyera Corp 0.08%
- South32 Ltd 0.08%
- Southern Co 0.08%
- Duke Energy Corp 0.07%
- Parkland Corporation 0.07%
- Viva Energy Group Ltd 0.07%
- Altagas Ltd 0.06%
- Anglo American PLC 0.06%
- Apa Group 0.06%
- Iberdrola SA 0.06%
- American Electric Power 0.05%
- Sempra 0.05%
- Mitsubishi Corp 0.04%
- National Grid PLC 0.04%
- Origin Energy Ltd 0.04%
- Ck Asset Holdings Ltd 0.03%
- Consolidated Edison Inc 0.03%
- Enel Spa 0.03%
- Itochu Corp 0.03%
- Keppel Corp Ltd 0.03%
- Marubeni Corp 0.03%
- Mitsui & Co Ltd 0.03%
- Public Service Enterprise Group 0.03%
- Qatar Gas Transport Co Ltd 0.03%
- Wec Energy Group Inc 0.03%
- Xcel Energy Inc 0.03%
- Aes Corp 0.02%
- Ameren Corporation 0.02%
- Cez As 0.02%
- China Suntien Green Energy-H 0.02%
- Ck Hutchison Holdings Ltd 0.02%
- Cms Energy Corp 0.02%
- Constellation Energy Group 0.02%
- Cosan SA 0.02%
- Cosco Shipping Energy Transportation Co Ltd 0.02%
- Dte Energy Company 0.02%
- Engie 0.02%
- Entergy Corp 0.02%
- Evergy Inc 0.02%
- Fortis Inc 0.02%
- Hd Hyundai 0.02%
- Petronas Dagangan Bhd 0.02%
- Posco Holdings Inc 0.02%
- Ppl Corporation 0.02%
- Ptt Oil & Retail Business Pcl 0.02%
- Rabigh Refining & Petrochemical Co 0.02%
- Rwe AG 0.02%
- Sumitomo Corp 0.02%
- Acwa Power Co 0.01%
- Alliant Energy Corp 0.01%
- Arcelormittal 0.01%
- Astra International Tbk Pt 0.01%
- Atmos Energy Corp 0.01%
- China Energy Engineering Corp Ltd 0.01%
- China Longyuan Power Group-H 0.01%
- China Power International Development Ltd 0.01%
- China Resources Power Holdin 0.01%
- Citic Ltd 0.01%
- Citic Securities Co Ltd-H 0.01%
- Clp Holdings Ltd 0.01%
- Delta Air Lines Inc 0.01%
- Edp-Energias De Portugal SA 0.01%
- Emera Inc 0.01%
- Endesa SA 0.01%
- Engie Brazil Energia 0.01%
- Guangdong Investment Ltd 0.01%
- Hapvida Participacoes E Investimentos SA 0.01%
- Huadian Power International Corp Ltd 0.01%
- Jardine Matheson Hldgs Ltd 0.01%
- Kansai Electric Power Co Inc 0.01%
- Lg Corp 0.01%
- Loews Corp 0.01%
- Manila Electric Company 0.01%
- Mitsui Osk Lines Ltd 0.01%
- Naturgy Energy Group S.A. 0.01%
- Nippon Steel Corp 0.01%
- Nippon Yusen Kk 0.01%
- Nisource Inc 0.01%
- Northland Power Inc 0.01%
- Nrg Energy Inc 0.01%
- Oci 0.01%
- Osaka Gas Co Ltd 0.01%
- Samsung C&T Corp 0.01%
- Saudi Electricity Co 0.01%
- Sk Inc 0.01%
- Sumitomo Chemical Co Ltd 0.01%
- Taiwan Cement 0.01%
- Tenaga Nasional Bhd 0.01%
- Tokyo Gas Co Ltd 0.01%
- Ugi Corp 0.01%
- Vistra Corp 0.01%
Weapons
- Heico Corp 0.09%
- Transdigm Group Inc 0.08%
- Kongsberg Gruppen Asa 0.05%
- Mtu Aero Engines AG 0.03%
- Walmart De Mexico-Ser V 0.03%
- Amphenol Corp-Cl A 0.02%
- Icl Group Ltd 0.02%
- Booz Allen Hamilton Holdings 0.01%
- Rheinmetall AG 0.01%
- Rolls-Royce Holdings PLC 0.01%
Tobacco
- Alimentation Couche-Tard Inc 0.05%
Gambling
- Skycity Entertainment Group 0.33%
- Aristocrat Leisure Ltd 0.09%
- Vici Properties Inc 0.08%
- Gaming and Leisure Properties Inc 0.03%
- Tabcorp Holdings Ltd 0.02%
- Caesars Entertainment Inc 0.01%
- Entain PLC 0.01%
- Evolution Ab 0.01%
- Flutter Entertainment PLC 0.01%
- Galaxy Entertainment Group L 0.01%
- Genting Malaysia Bhd 0.01%
- Genting Singapore Ltd 0.01%
- Greek Organization Of Football Prognostics 0.01%
- Las Vegas Sands Corp 0.01%
- Mgm Resorts International 0.01%
- Sands China Ltd 0.01%
- The Star Entertainment Group Ltd 0.01%
- Wynn Resorts Ltd 0.01%
Adult Entertainment/Pornography
- Caesars Entertainment Inc 0.01%
- Mgm Resorts International 0.01%
Alcohol
- Diageo PLC 0.13%
- Constellation Brands Inc-A 0.08%
- Anheuser-Busch Inbev SA/Nv 0.07%
- Brown-Forman Corp-Class B 0.05%
- Pernod-Ricard SA 0.05%
- Endeavour Group Ltd/Australia 0.04%
- Treasury Wine Estates Ltd 0.04%
- Heineken Nv 0.03%
- Kirin Holdings Co Ltd 0.03%
- Kweichow Moutai Co Ltd 0.03%
- Ambev SA 0.02%
- Asahi Group Holdings Ltd 0.02%
- Budweiser Brewing Co Apac Ltd 0.02%
- Carlsberg As-B 0.02%
- China Resources Beer Holdings Co Ltd 0.02%
- Molson Coors Beverage Co 0.02%
- Anhui Gujing Distillery Co-B 0.01%
- Davide Campari-Milano Nv 0.01%
- Heineken Holding Nv 0.01%
- Metcash Ltd 0.01%
- Remy Cointreau 0.01%
- Shanxi Xinghuacun Fen Wine Factory Co Ltd 0.01%
- Tsingtao Brewery Co Ltd 0.01%
- Tsingtao Brewery Co Ltd-H 0.01%
- Wuliangye Yibin Co Ltd 0.01%
Palm Oil
- Astra International Tbk Pt 0.01%
- Indofood Sukses Makmur Tbk P 0.01%
- Ppb Group Berhad 0.01%
- Wilmar International Ltd 0.01%
GMOs
- Corteva Inc 0.05%
Human Rights & Environmental Violations
- BHP Group Ltd 0.79%
- Johnson & Johnson 0.40%
- Meta Platforms Inc 0.28%
- Nestle SA-Reg 0.28%
- Thermo Fisher Scientific Inc 0.18%
- Rio Tinto Ltd 0.15%
- Catterpillar Inc 0.09%
- Glencore PLC 0.09%
- Duke Energy Corp 0.07%
- Rio Tinto PLC 0.07%
- Activision Blizzard Inc 0.05%
- Archer-Daniels-Midland Co 0.05%
- Bayer AG-Reg 0.05%
- Corteva Inc 0.05%
- Freeport-Mcmoran Inc 0.05%
- Nutrien Ltd 0.05%
- Uber Technologies Inc 0.04%
- Basf Se 0.03%
- Li Ning Co Ltd 0.03%
- Motorola Solutions Inc 0.03%
- Barrick Gold Corp 0.02%
- Fmc Corp 0.02%
- Astra International Tbk Pt 0.01%
- Bank Hapoalim Bm 0.01%
- Bank Leumi Le-Israel 0.01%
- Credit Suisse Group AG-Reg 0.01%
- Evergreen Marine Corp Ltd 0.01%
- Formosa Chemicals & Fibre 0.01%
- Israel Discount Bank-A 0.01%
- Jbs SA 0.01%
- Mizrahi Tefahot Bank Ltd 0.01%
- Nissan Chemical Corp 0.01%
- Nufarm Ltd 0.01%
- Southern Copper Corp 0.01%
- Wilmar International Ltd 0.01%
Animal Cruelty
- Procter & Gamble Co 0.29%
- Nestle SA-Reg 0.28%
- Coca-Cola Co 0.23%
- Pepsico Inc 0.21%
- LVMH Moet Hennessy Vuitton ( Se ) 0.15%
- Unilever PLC 0.11%
- Constellation Brands Inc-A 0.08%
- L'Oreal 0.08%
- Mondelez International - W/I 0.07%
- 3M Co 0.06%
- Air Liquide-Prime Fidelite Regd 0.06%
- Archer-Daniels-Midland Co 0.05%
- Bayer AG-Reg 0.05%
- Colgate-Palmolive Company 0.05%
- Corteva Inc 0.05%
- Estee Lauder Companies-Cl A 0.05%
- Nutrien Ltd 0.05%
- Sherwin-Williams Co 0.05%
- Dow Inc 0.04%
- Ecolab Inc 0.04%
- General Mills Inc 0.04%
- Mitsubishi Corp 0.04%
- Ping An Insurance Group Co-H 0.04%
- Albemarle Corp 0.03%
- Basf Se 0.03%
- Daikin Industries Ltd 0.03%
- Groupe Danone 0.03%
- Kering SA 0.03%
- Kimberly-Clark Corp 0.03%
- Orica Ltd 0.03%
- PPG Industries Inc 0.03%
- Yara International Asa 0.03%
- Asahi Group Holdings Ltd 0.02%
- Canon Inc 0.02%
- Denso Corp 0.02%
- Fmc Corp 0.02%
- Formosa Plastics Corp 0.02%
- Fujifilm Holdings Corp 0.02%
- Hermes International 0.02%
- Icl Group Ltd 0.02%
- Koninklijke Ahold Delhaize Nv 0.02%
- Molson Coors Beverage Co 0.02%
- Mosaic Co 0.02%
- Nan Ya Plastics Corp 0.02%
- Tesco PLC 0.02%
- Tyson Foods Inc-Cl A 0.02%
- Ultrapar Participacoes SA 0.02%
- Ajinomoto Co Inc 0.01%
- Almarai Co Jsc 0.01%
- Amorepacific Corp 0.01%
- Associated British Foods PLC 0.01%
- Avantor Inc 0.01%
- Beiersdorf AG 0.01%
- Burberry Group PLC 0.01%
- Campbell Soup Co 0.01%
- Celanese Corp-Series A 0.01%
- China Feihe Ltd 0.01%
- Church & Dwight Co Inc 0.01%
- Clorox Company 0.01%
- Covestro AG 0.01%
- Croda International PLC 0.01%
- Dcc PLC 0.01%
- Dongyue Group Ltd 0.01%
- Eastman Chemical Co 0.01%
- Entegris Inc 0.01%
- Formosa Chemicals & Fibre 0.01%
- Graincorp Ltd 0.01%
- Groupe Bruxelles Lambert SA 0.01%
- Grupo Mexico Sab 0.01%
- Hengan International Group Co Ltd 0.01%
- Hormel Foods Corp 0.01%
- Inghams Group Ltd 0.01%
- Intertek Group PLC 0.01%
- Jbs SA 0.01%
- Johnson Matthey PLC 0.01%
- Kao Corp 0.01%
- Kikkoman Corp 0.01%
- Koninklijke Dsm Nv 0.01%
- Mitsubishi Chemical Group Corp 0.01%
- Mowi Asa 0.01%
- Nissan Chemical Corp 0.01%
- Novozymes A/S-B Shares 0.01%
- Nufarm Ltd 0.01%
- Orbia Advance Corp Sab De Cv 0.01%
- Orkla Asa 0.01%
- Otsuka Holdings Co Ltd 0.01%
- Petronas Chemicals Group Bhd 0.01%
- Ping An Insurance Group Co Of China Ltd 0.01%
- Ppb Group Berhad 0.01%
- Rentokil Initial PLC 0.01%
- Rpm International Inc 0.01%
- Sahara International Petrochemical Co 0.01%
- Shiseido Co Ltd 0.01%
- Solvay SA 0.01%
- Sumitomo Chemical Co Ltd 0.01%
- Swatch Group AG -Br 0.01%
- Symrise AG 0.01%
- Umicore SA 0.01%
- Wanhua Chemical Group Co Ltd 0.01%
- Westlake Corporation 0.01%
- Weston (George) Ltd 0.01%
- Wilmar International Ltd 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. 2022 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
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 | $4.6B NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 168,757 |
| Fund started | 2nd Oct. 2007 |
| Total annual fund fees | 0.7% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.7% |
| Other management and administration charges | 0.0% |
| Total other charges | 17.5 |
| Total other charges currency | NZD |
Key Personnel
|
Nigel Annett |
Currently: Investment Committee member (8 years, 9 months) |
|
Adam Boyd |
Currently: Investment Committee member (6 years, 7 months) |
|
Graeme Edwards |
Currently: Investment Committee Chairman (3 years, 2 months) |
|
Stephen Moir |
Currently: Investment Committee member (1 years, 11 months) |
|
John Smith |
Currently: Investment Committee member (11 years, 7 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.02% | |
| Alcohol | 0.76% | |
| Animal Cruelty | 3.29% | |
| Fossil Fuels | 5.88% | |
| Gambling | 0.68% | |
| GMOs | 0.05% | |
| Human Rights & Environmental Violations | 3.00% | |
| Palm Oil | 0.04% | |
| Tobacco | 0.05% | |
| Weapons | 0.35% |
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. 2022 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 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.
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 |
|---|---|---|
| 2022 | 1.87% | 2.56% |
| 2021 | 27.41% | 26.84% |
| 2020 | -3.40% | -6.17% |
| 2019 | 6.95% | 8.23% |
| 2018 | 7.80% | 8.13% |
| 2017 | 9.24% | 10.31% |
| 2016 | 3.62% | 3.39% |
| 2015 | 13.73% | 15.21% |
| 2014 | 8.43% | 9.42% |
| 2013 | 12.00% | 11.27% |
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 31st Dec. 2022.
Top 10 Investments
-
Ishares Physical Gold Etc
Ireland Commodities3.03% -
Fisher & Paykel Healthcare
New Zealand Australasian Equities2.05% -
Apple Inc
United States International Equities1.71% -
Spark New Zealand Limited
New Zealand Australasian Equities1.56% -
Auckland International Airport Ltd
New Zealand Australasian Equities1.51% -
ASB Bank Account NZD
New Zealand Cash and Equivalents A-1+1.48% -
Microsoft Corporation
United States International Equities1.39% -
Westpac Deposit Acc
New Zealand Cash and Equivalents A-1+1.33% -
Ebos Group Limited
New Zealand Australasian Equities1.09% -
Meridian Energy Lt Npv
New Zealand Australasian Equities1.0%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 1.0% | 3.77% |
| New Zealand Fixed Interest | 11.5% | 7.01% |
| International Fixed Interest | 7.5% | 8.02% |
| Australasian Equities | 33.0% | 26.62% |
| International Equities | 37.5% | 48.42% |
| Listed Properties | 3.5% | 3.09% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 6.0% | 0.0% |
| Commodities | 0.0% | 3.07% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.