Funds
AMP ASB Balanced 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 0.65%
- BHP Group Ltd 0.55%
- Genesis Energy Ltd 0.16%
- Enbridge Inc 0.12%
- Marathon Petroleum Corp 0.12%
- Cheniere Energy Inc 0.11%
- Nextera Energy Inc 0.11%
- Kinder Morgan Inc 0.10%
- Phillips 66 0.10%
- Tc Energy Corporation 0.09%
- Valero Energy Corp 0.09%
- Williams Cos Inc 0.09%
- Oneok Inc 0.08%
- Targa Resources Corp 0.08%
- Glencore PLC 0.07%
- Neste Oyj 0.07%
- Pembina Pipeline Corp 0.07%
- Snam Spa 0.07%
- Ampol Ltd 0.06%
- Duke Energy Corp 0.06%
- Keyera Corp 0.06%
- Parkland Corporation 0.06%
- Southern Co 0.06%
- Altagas Ltd 0.05%
- Anglo American PLC 0.05%
- Iberdrola SA 0.05%
- South32 Ltd 0.05%
- Viva Energy Group Ltd 0.05%
- American Electric Power 0.04%
- Apa Group 0.04%
- Sempra 0.04%
- Consolidated Edison Inc 0.03%
- Enel Spa 0.03%
- Mitsubishi Corp 0.03%
- Mitsui & Co Ltd 0.03%
- National Grid PLC 0.03%
- Origin Energy Ltd 0.03%
- Xcel Energy Inc 0.03%
- Aes Corp 0.02%
- Ameren Corporation 0.02%
- Ck Asset Holdings Ltd 0.02%
- Ck Hutchison Holdings Ltd 0.02%
- Constellation Energy Group 0.02%
- Cosan SA 0.02%
- Dte Energy Company 0.02%
- Engie 0.02%
- Entergy Corp 0.02%
- Hd Hyundai 0.02%
- Itochu Corp 0.02%
- Keppel Corp Ltd 0.02%
- Marubeni Corp 0.02%
- Posco Holdings Inc 0.02%
- Ppl Corporation 0.02%
- Public Service Enterprise Group 0.02%
- Qatar Gas Transport Co Ltd 0.02%
- Rabigh Refining & Petrochemical Co 0.02%
- Rwe AG 0.02%
- Sumitomo Corp 0.02%
- Wec Energy Group Inc 0.02%
Weapons
- Heico Corp 0.07%
- Transdigm Group Inc 0.06%
- Kongsberg Gruppen Asa 0.04%
- Amphenol Corp-Cl A 0.02%
- Mtu Aero Engines AG 0.02%
- Walmart De Mexico-Ser V 0.02%
- Booz Allen Hamilton Holdings 0.01%
- Icl Group Ltd 0.01%
- Rheinmetall AG 0.01%
- Rolls-Royce Holdings PLC 0.01%
Tobacco
- Alimentation Couche-Tard Inc 0.04%
Gambling
- Skycity Entertainment Group 0.23%
- Aristocrat Leisure Ltd 0.06%
- Vici Properties Inc 0.06%
- Gaming and Leisure Properties Inc 0.02%
Adult Entertainment/Pornography
- Caesars Entertainment Inc 0.01%
- Mgm Resorts International 0.01%
Alcohol
- Diageo PLC 0.10%
- Constellation Brands Inc-A 0.06%
- Anheuser-Busch Inbev SA/Nv 0.05%
- Brown-Forman Corp-Class B 0.04%
- Pernod-Ricard SA 0.04%
- Endeavour Group Ltd/Australia 0.03%
- Treasury Wine Estates Ltd 0.03%
- Heineken Nv 0.02%
- Kirin Holdings Co Ltd 0.02%
- Kweichow Moutai Co Ltd 0.02%
- Molson Coors Beverage Co 0.02%
Palm Oil
- Astra International Tbk Pt 0.01%
- Wilmar International Ltd 0.01%
GMOs
- Corteva Inc 0.04%
Human Rights & Environmental Violations
- BHP Group Ltd 0.55%
- Johnson & Johnson 0.31%
- Meta Platforms Inc 0.22%
- Nestle SA-Reg 0.22%
- Thermo Fisher Scientific Inc 0.14%
- Rio Tinto Ltd 0.10%
- Catterpillar Inc 0.07%
- Glencore PLC 0.07%
- Duke Energy Corp 0.06%
- Rio Tinto PLC 0.06%
- Activision Blizzard Inc 0.04%
- Archer-Daniels-Midland Co 0.04%
- Bayer AG-Reg 0.04%
- Corteva Inc 0.04%
- Freeport-Mcmoran Inc 0.04%
- Nutrien Ltd 0.04%
- Basf Se 0.03%
- Uber Technologies Inc 0.03%
- Barrick Gold Corp 0.02%
- Li Ning Co Ltd 0.02%
- Motorola Solutions Inc 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%
- Fmc Corp 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 0.23%
- Nestle SA-Reg 0.22%
- Coca-Cola Co 0.18%
- Pepsico Inc 0.17%
- LVMH Moet Hennessy Vuitton ( Se ) 0.12%
- Unilever PLC 0.08%
- Constellation Brands Inc-A 0.06%
- L'Oreal 0.06%
- Mondelez International - W/I 0.06%
- 3M Co 0.05%
- Air Liquide-Prime Fidelite Regd 0.05%
- Archer-Daniels-Midland Co 0.04%
- Bayer AG-Reg 0.04%
- Colgate-Palmolive Company 0.04%
- Corteva Inc 0.04%
- Estee Lauder Companies-Cl A 0.04%
- Nutrien Ltd 0.04%
- Sherwin-Williams Co 0.04%
- Albemarle Corp 0.03%
- Basf Se 0.03%
- Dow Inc 0.03%
- Ecolab Inc 0.03%
- General Mills Inc 0.03%
- Kering SA 0.03%
- Kimberly-Clark Corp 0.03%
- Mitsubishi Corp 0.03%
- Ping An Insurance Group Co-H 0.03%
- Daikin Industries Ltd 0.02%
- Denso Corp 0.02%
- Groupe Danone 0.02%
- Hermes International 0.02%
- Molson Coors Beverage Co 0.02%
- Mosaic Co 0.02%
- Orica Ltd 0.02%
- PPG Industries Inc 0.02%
- Tyson Foods Inc-Cl A 0.02%
- Yara International Asa 0.02%
- Ajinomoto Co Inc 0.01%
- Almarai Co Jsc 0.01%
- Asahi Group Holdings Ltd 0.01%
- Avantor Inc 0.01%
- Burberry Group PLC 0.01%
- Campbell Soup Co 0.01%
- Canon Inc 0.01%
- Celanese Corp-Series A 0.01%
- Church & Dwight Co Inc 0.01%
- Clorox Company 0.01%
- Croda International PLC 0.01%
- Dcc PLC 0.01%
- Eastman Chemical Co 0.01%
- Entegris Inc 0.01%
- Fmc Corp 0.01%
- Formosa Chemicals & Fibre 0.01%
- Formosa Plastics Corp 0.01%
- Fujifilm Holdings Corp 0.01%
- Graincorp Ltd 0.01%
- Groupe Bruxelles Lambert SA 0.01%
- Grupo Mexico Sab 0.01%
- Hormel Foods Corp 0.01%
- Icl Group Ltd 0.01%
- Intertek Group PLC 0.01%
- Jbs SA 0.01%
- Kao Corp 0.01%
- Kikkoman Corp 0.01%
- Koninklijke Ahold Delhaize Nv 0.01%
- Koninklijke Dsm Nv 0.01%
- Nan Ya Plastics Corp 0.01%
- Nissan Chemical Corp 0.01%
- Novozymes A/S-B Shares 0.01%
- Nufarm Ltd 0.01%
- Otsuka Holdings Co Ltd 0.01%
- Petronas Chemicals Group Bhd 0.01%
- Ping An Insurance Group Co Of China Ltd 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%
- Symrise AG 0.01%
- Tesco PLC 0.01%
- Ultrapar Participacoes SA 0.01%
- Umicore SA 0.01%
- Wanhua Chemical Group Co Ltd 0.01%
- Westlake Corporation 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
The fund has a well-diversified portfolio that employs an active approach to asset allocation, with underlying investments predominantly in index tracking funds. The fund aims to provide moderate to high total returns allowing for moderate to high movements of value up and down.
| Value | $33M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 1,464 |
| Fund started | 28th July 2016 |
| Total annual fund fees | 1.06% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.98% |
| Other management and administration charges | 0.08% |
| Total other charges | 23.4 |
| Total other charges currency | NZD |
Key Personnel
|
Jeffery Darren Ruscoe |
Currently: Investment Committee
Member (3 years, 9 months) |
|
Mark David Ennis |
Currently: Investment Committee
Member (2 years, 5 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 | 0.54% | |
| Animal Cruelty | 2.51% | |
| Fossil Fuels | 4.38% | |
| Gambling | 0.48% | |
| GMOs | 0.04% | |
| Human Rights & Environmental Violations | 2.29% | |
| Palm Oil | 0.02% | |
| Tobacco | 0.04% | |
| 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 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 | 0.35% | 0.74% |
| 2021 | 16.60% | 18.88% |
| 2020 | -1.09% | -3.0% |
| 2019 | 5.56% | 5.97% |
| 2018 | 5.28% | 6.7% |
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
-
ASB Superannuation Master Trust-ASB Balanced Fund
New Zealand Fund100.0%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 3.0% | 4.24% |
| New Zealand Fixed Interest | 19.0% | 18.32% |
| International Fixed Interest | 18.0% | 16.17% |
| Australasian Equities | 25.0% | 18.52% |
| International Equities | 32.5% | 37.63% |
| Listed Properties | 2.5% | 2.11% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 3.01% |
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.