AMP ASB Balanced Fund

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Not Mindful
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

American Electric Power 0.02%
Ampol Ltd 0.05%
Apa Group 0.09%
Basf Se 0.03%
Beach Energy Ltd 0.02%
BHP Group Ltd 0.80%
BHP Group PLC 0.02%
BP PLC 0.03%
Canadian Pacific Railway Ltd 0.02%
Chevron Corp 0.07%
Coca-Cola Amatil Ltd 0.04%
Coca-Cola Co 0.10%
Conocophillips 0.02%
Dominion Energy Incorporated 0.04%
Enbridge Inc 0.03%
Enel Spa 0.04%
Exxon Mobil Corporation 0.07%
Gazprom PJSC 0.02%
Genesis Energy Ltd 0.23%
Iberdrola SA 0.04%
Itochu Corp 0.02%
Lukoil PJSC 0.02%
Mitsubishi Corp 0.02%
Nextera Energy Inc 0.07%
Norfolk Southern Corp 0.03%
Oil Search Ltd 0.04%
Origin Energy Ltd 0.06%
Rio Tinto Ltd 0.27%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC 'A' Ord 0.03%
Royal Dutch Shell PLC-B Shs 0.02%
Santos Ltd 0.07%
South32 Ltd 0.08%
Tc Energy Corporation 0.02%
Total Se 0.04%
Vale SA 0.03%
Washington H. Soul Pattinson 0.02%
Wec Energy Group Inc 0.02%
Woodside Petroleum Ltd 0.13%
Xcel Energy Inc 0.02%

Weapons

Amphenol Corp-Cl A 0.02%
Bae Systems PLC 0.02%
Boeing Co/The 4.875 01/05/2025 0.01%
Boeing Co/The 5.15 01/05/2030 0.01%
Boeing Co/The 5.805 01/05/2050 0.01%
Boeing Co/The 5.93 01/05/2060 0.01%
Boeing Co/The 6.875 15/03/2039 0.01%
Dassault Avaition SA 0.01%
General Dynamics Corp 0.02%
Heico Corp 0.01%
Leidos Holdings Inc 0.01%
Singapore Tech Engineering 0.01%
Teledyne Technologies Incorporated 0.01%
Thales SA 0.01%
The Boeing Company 0.05%
Transdigm Group Inc 0.01%

Tobacco

Alimentation Couche-Tard -B 0.02%
Seven & I Holdings Co Ltd 0.01%

Gambling

Aristocrat Leisure Ltd 0.15%
Crown Resorts Ltd 0.02%
Skycity Entertainment Group 0.36%
Tabcorp Holdings Ltd 0.06%
The Star Entertainment Group Ltd 0.02%

Adult Entertainment/Pornography

Alcohol

Anheuser-Busch Inbev SA/Nv 0.02%
Coca-Cola Amatil Ltd 0.04%
Constellation Brands Inc-A 0.02%
Diageo PLC 0.04%
LVMH Moet Hennessy Vuitton ( Se ) 0.07%
Metcash Ltd 0.02%
Pernod-Ricard SA 0.02%
Treasury Wine Estates Ltd 0.05%

Palm Oil

GMOs

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.01%
Barrick Gold Corp 0.02%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.80%
BHP Group PLC 0.02%
Chevron Corp 0.07%
Duke Energy Corp 0.03%
Essity Aktiebo-B 0.01%
Freeport-Mcmoran Inc 0.01%
Glencore PLC 0.01%
Grupo Mexico Sab 0.01%
Johnson & Johnson 0.20%
Mining and Metallurgical Company Norilsk Nickel Ojsc 0.01%
Nestle SA-Reg 0.18%
Nutrien Ltd 0.01%
Posco 0.01%
Rio Tinto Ltd 0.27%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC 'A' Ord 0.03%
Royal Dutch Shell PLC-B Shs 0.02%
Sempra Energy 0.02%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Vale SA 0.03%

Animal Testing

Air Liquide SA 0.040%
Air Products & Chemicals Inc 0.040%
Basf Se 0.030%
Bayer AG-Reg 0.030%
Chevron Corp 0.070%
Coca-Cola Amatil Ltd 0.040%
Coca-Cola Co 0.100%
Colgate-Palmolive Company 0.030%
Dow Inc 0.020%
Dowdupont Inc 0.020%
Ecolab Inc 0.030%
Estee Lauder Companies-Cl A 0.030%
General Mills Inc 0.020%
Givaudan-Reg 0.020%
Glaxosmithkline PLC 0.050%
Groupe Danone 0.020%
Hermes International 0.020%
Johnson & Johnson 0.200%
Kao Corp 0.020%
Kimberly-Clark Corp 0.030%
L'Oreal 0.040%
Linde PLC 0.060%
LVMH Moet Hennessy Vuitton ( Se ) 0.070%
Mondelez International - W/I 0.040%
Nestle SA-Reg 0.180%
Pepsico Inc 0.100%
PPG Industries Inc 0.020%
Procter & Gamble Co 0.170%
Reckitt Benckiser 0.040%
Royal Dutch Shell PLC 'A' Ord 0.030%
Royal Dutch Shell PLC-B Shs 0.020%
Sherwin-Williams Co 0.030%
Shin-Etsu Chemical Co Ltd 0.020%
Unilever Nv 0.040%
Unilever PLC 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 Wed Sept. 30th 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, Sustainalytics and research organisations.

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
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 Wed Sept. 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 Wed Sept. 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% 4.56%
New Zealand Fixed Interest 15.0% 10.15%
International Fixed Interest 21.0% 24.49%
Australasian Equities 29.0% 31.67%
International Equities 26.0% 28.11%
Listed Properties 5.0% 1.02%
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 Sept. 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:
    0.01%
  • Alcohol:
    0.42%
  • Animal Testing:
    2.25%
  • Fossil Fuels:
    3.77%
  • Gambling:
    0.67%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    1.84%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.03%
  • Weapons:
    0.24%

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 Sept. 30th 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, Sustainalytics 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 $30M NZD
Period of data report Wed Sept. 30th 2020
Members 1,424
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, 6 months)
Previously: General Counsel AMP Wealth Management New Zealand (2 years, 4 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (1 years, 6 months)
Previously: Acting Chief Executive AMP Wealth Management New Zealand (0 years, 2 months)

Blair Robert Vernon

Currently: Investment Committee Member (9 years, 3 months)
Previously: Acting Chief Executive AMP Australia (0 years, 2 months)

Mark David Ennis

Currently: Investment Committee Member (0 years, 2 months)
Previously: Managing Director AdviceFirst Limited (0 years, 7 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.