AMP ASB Balanced Fund

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Type: Balanced fund
Past Returns: 3.22%

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

Annual Fees: 1.08%

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 0.01%
American Electric Power 0.03%
Anglo American PLC 0.01%
Apa Group 0.11%
Beach Energy Ltd 0.02%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.75%
BHP Group PLC 0.02%
BP Capital Markets PLC 3.814 10/02/2024 0.01%
BP PLC 0.06%
Caltex Australia Ltd 0.05%
Canadian Natural Resources 0.01%
Cheniere Energy Inc 0.01%
Chevron Corp 0.09%
Chevron Corp 3.191 24/06/2023 0.01%
China Petroleum & Chemical-H 0.01%
China Shenhua Energy Co-H 0.01%
Clp Holdings Ltd 0.01%
Cms Energy Corp 0.01%
Cnooc Ltd 0.02%
Cnooc Nexen Finance 2014 Ulc 4.25 30/04/2024 0.01%
Concho Resources Inc 0.01%
Conocophillips 0.02%
Conocophillips 6.5 01/02/2039 0.01%
Cooper Energy Ltd 0.01%
Dominion Energy Incorporated 0.04%
Dte Energy Company 0.01%
Ecopetrol SA 5.875 18/09/2023 0.01%
Emera Inc 0.01%
Enbridge Inc 0.04%
Energy Transfer Partners Lp 4.95 15/06/2028 0.01%
Engie 0.01%
Eni Spa 0.02%
Eog Resources Inc 0.01%
Equinor Asa 0.01%
Evergy Inc 0.01%
Exxon Mobil Corp 2.44 16/08/2029 0.01%
Exxon Mobil Corporation 0.10%
Firstenergy Corp 0.01%
Gazprom PJSC 0.03%
Glencore PLC 0.01%
Hess Corp 0.01%
Jxtg Holdings Inc 0.01%
Kinder Morgan Energy Partners Lp 3.95 01/09/2022 0.01%
Kinder Morgan Inc 0.02%
Lukoil PJSC 0.03%
Marathon Petroleum Corp 0.01%
Marubeni Corp 0.01%
Metro Inc 0.01%
Mplx Lp 4.125 01/03/2027 0.01%
Neste Oyj 0.01%
New Hope Corp Ltd 0.01%
Nextera Energy Inc 0.08%
Novatek PJSC-Spons Gdr Reg S 0.01%
Ntpc Ltd 4.25 26/02/2026 0.01%
Occidental Petroleum Corp 0.01%
Oil Search Ltd 0.02%
OMV AG 3.5 27/09/2027 0.01%
Oneok Inc 0.01%
Origin Energy Ltd 0.07%
Pacificorp 5.75 01/04/2037 0.01%
Pembina Pipeline Corp 0.01%
Petrobras - Petroleo Bras 0.01%
Petrobras - Petroleo Bras-Pr 0.01%
Petrochina Co Ltd-H 0.01%
Petroleos Mexicanos 6.75 21/09/2047 0.02%
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 0.05%
Royal Dutch Shell PLC-B Shs 0.04%
Rwe AG 0.01%
Santos Ltd 0.05%
Shell International Finance Bv 4.125 11/05/2035 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Snam Spa 0.01%
South32 Ltd 0.08%
Suez 1.5 03/04/2029 0.01%
Suncor Energy Inc 0.02%
Tatneft PJSC 0.01%
Tenaga Nasional Bhd 0.01%
Total Capital International SA 2.875 19/11/2025 0.01%
Total SA 0.06%
Valero Energy Corp 0.01%
Viva Energy Group Ltd 0.01%
Washington H. Soul Pattinson 0.02%
Wec Energy Group Inc 0.02%
Whitehaven Coal Ltd 0.02%
Williams Cos Inc 0.01%
Woodside Petroleum Ltd 0.15%
Xcel Energy Inc 0.02%

Weapons

Bae Systems PLC 0.01%
Boeing Co/The 6.875 15/03/2039 0.01%
General Dynamics Corp 0.02%
L3 Harris Technologies Inc 0.03%
Leidos Holdings Inc 0.01%
Mitsubishi Heavy Industries Ltd 0.01%
Raytheon Company 0.02%
Rolls-Royce Holdings PLC 0.01%
Teledyne Technologies Incorporated 0.01%
Thales SA 0.01%
The Boeing Company 0.05%
Transdigm Group Inc 0.01%
United Technologies Corp 0.05%
United Technologies Corp 4.625 16/11/2048 0.01%

Gambling

Aristocrat Leisure Ltd 0.12%
Crown Resorts Ltd 0.02%
Galaxy Entertainment Group L 0.01%
Las Vegas Sands Corp 0.01%
Sands China Ltd 0.01%
Skycity Entertainment Group 0.23%
Tabcorp Holdings Ltd 0.04%
The Star Entertainment Group Ltd 0.02%

Alcohol

Ambev SA 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch 4.7 01/02/2036 0.01%
Anheuser-Busch Inbev SA/Nv 0.02%
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%
Constellation Brands Inc-A 0.02%
Diageo PLC 0.05%
Graincorp Ltd 0.01%
Heineken Holding Nv 0.01%
Heineken Nv 0.01%
Kirin Holdings Co Ltd 0.01%
Kweichow Moutai Co Ltd 0.01%
LVMH Moet Hennessy Vuitton ( Se ) 0.07%
Metcash Ltd 0.02%
Pernod-Ricard SA 0.02%
Treasury Wine Estates Ltd 0.06%

Palm Oil

Astra International Tbk Pt 0.01%
Posco 0.01%

GMOs

Basf Se 0.03%
Bayer AG-Reg 0.04%
Dowdupont Inc 0.02%
Novartis AG-Reg 0.11%
Novartis Capital Corp 3 20/11/2025 0.01%
Novozymes A/S-B Shares 0.01%
Nutrien Ltd 0.01%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.01%
Astra International Tbk Pt 0.01%
Barrick Gold Corp 0.02%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.75%
BHP Group PLC 0.02%
Chevron Corp 0.09%
Duke Energy Corp 0.04%
Essity Aktiebo-B 0.01%
Freeport-Mcmoran Inc 0.01%
Glencore PLC 0.01%
Grupo Mexico Sab 0.01%
Johnson & Johnson 0.22%
Mining and Metallurgical Company Norilsk Nickel Ojsc 0.02%
Nestle SA-Reg 0.19%
Nutrien Ltd 0.01%
Petrochina Co Ltd-H 0.01%
Posco 0.01%
Rio Tinto Ltd 0.28%
Rio Tinto PLC 0.03%
Royal Dutch Shell PLC 'A' Ord 0.05%
Royal Dutch Shell PLC-B Shs 0.04%
Sempra Energy 0.02%
Shell International Finance Bv 4.125 11/05/2035 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Vale Overseas Ltd 6.875 21/11/2036 0.01%
Vale SA 0.03%

Animal Testing

Air Liquide SA 0.040%
Air Products & Chemicals Inc 0.030%
Akzo Nobel 0.010%
Archer-Daniels-Midland Co 0.010%
Associated British Foods PLC 0.010%
Basf Se 0.030%
Bayer AG-Reg 0.040%
Beiersdorf AG 0.010%
Burberry Group PLC 0.010%
Chevron Corp 0.090%
Church & Dwight Co Inc 0.010%
Clorox Company 0.010%
Coca-Cola Co 0.110%
Coca-Cola Co/The 1.55 01/09/2021 0.010%
Coca-Cola European Partners PLC 0.010%
Colgate-Palmolive Company 0.040%
Croda International PLC 0.010%
Dowdupont Inc 0.020%
Ecolab Inc 0.030%
Essity Aktiebo-B 0.010%
Estee Lauder Companies-Cl A 0.020%
Fmc Corp 0.010%
General Mills Inc 0.020%
Givaudan-Reg 0.020%
Glaxosmithkline PLC 0.060%
Groupe Danone 0.030%
Henkel AG & Co Kgaa 0.010%
Henkel AG & Co Kgaa Vorzug 0.010%
Intl Flavors & Fragrances 0.010%
Johnson & Johnson 0.220%
Kimberly-Clark Corp 0.030%
Koninklijke Dsm Nv 0.010%
L'Oreal 0.040%
LVMH Moet Hennessy Vuitton ( Se ) 0.070%
Nestle SA-Reg 0.190%
Novozymes A/S-B Shares 0.010%
Pepsico Inc 0.110%
Pepsico Inc 2.375 06/10/2026 0.010%
Pepsico Inc 3.45 06/10/2046 0.010%
PPG Industries Inc 0.010%
Procter & Gamble Co 0.170%
Reckitt Benckiser 0.040%
Royal Dutch Shell PLC 'A' Ord 0.050%
Royal Dutch Shell PLC-B Shs 0.040%
Shell International Finance Bv 4.125 11/05/2035 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Shiseido Co Ltd 0.020%
Symrise AG 0.010%
Tesco PLC 0.020%
Unilever Capital Corp 2 28/07/2026 0.010%
Unilever Nv 0.050%
Unilever PLC 0.040%
Walgreens Boots Alliance Inc 0.020%

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 -1.89% -3.0%
2019 5.68% 5.97%
2018 5.63% 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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • ASB Superannuation Master Trust-ASB Balanced Fund
    New Zealand Fund
    100.0%

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 4.0% 5.31%
New Zealand Fixed Interest 15.0% 10.16%
International Fixed Interest 21.0% 23.57%
Australasian Equities 29.0% 32.5%
International Equities 26.0% 27.47%
Listed Properties 5.0% 0.99%
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:
    0.38%
  • Animal Testing:
    1.93%
  • Fossil Fuels:
    2.81%
  • Gambling:
    0.46%
  • GMOs:
    0.23%
  • Human Rights & Environmental Violations:
    1.93%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.00%
  • Weapons:
    0.26%

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.

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

"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 $27M NZD
Period of data report Tue June 30th 2020
Members 1,371
Fund started Thu July 28th 2016
Total annual fund fees 1.08%
Total performance based fees 0.0%
Manager's basic fee 0.98%
Administration charges 0.1%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (1 years, 3 months)
Previously: General Counsel, AMP Wealth Management New Zealand (2 years, 1 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (1 years, 3 months)
Previously: Chief Client Officer, AMP Wealth Management New Zealand (1 years, 3 months)

Blair Robert Vernon

Currently: Investment Committee Member (9 years, 0 months)
Previously: Chief Executive, AMP Wealth Management New Zealand (1 years, 6 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.

Latest news

You should be prudent about your investment.

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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.