AMP ASB Moderate Fund

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Fund type: Balanced fund

Past Returns: 4.82%

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

Annual Fees: 1.0%

Annual fees, including management and administration fees, but not membership 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

Anadarko Petroleum Corp 0.01%
Anglo American PLC 0.01%
Apa Group 0.04%
Apache Corp 0.01%
Arcelormittal 0.01%
Astra International Tbk Pt 0.01%
BHP Billiton Limited 0.37%
BHP Billiton PLC 0.01%
BP Capital Markets PLC 2.237 10/05/2019 0.01%
BP Capital Markets PLC 2.994 18/02/2019 0.01%
BP Capital Markets PLC 3.814 10/02/2024 0.01%
Beach Energy Ltd 0.01%
Berkshire Hathaway Energy Co 6.5 15/09/2037 0.01%
Caltex Australia Ltd 0.04%
Canadian Natural Resources 0.01%
Chevron Corp 0.07%
China Petroleum & Chemical-H 0.02%
China Shenhua Energy Co-H 0.01%
Citic Limited 0.01%
Ck Hutchison Holdings Limited 0.01%
Cnooc Ltd 0.02%
Coca-Cola Amatil Ltd 0.02%
Coca-Cola Co 0.06%
Coca-Cola Co/The 3.2 01/11/2023 0.01%
Concho Resources Inc 0.01%
Conocophillips 0.02%
Conocophillips 6.5 01/02/2039 0.01%
Devon Energy Corporation 0.01%
Dominion Energy Incorporated 0.01%
Enbridge Energy Partners Lp 5.875 15/10/2025 0.01%
Enbridge Inc 0.02%
Engie 0.01%
Eni Spa 0.01%
Eog Resources Inc 0.02%
Exxon Mobil Corporation 0.10%
Gazprom PJSC 0.02%
Genesis Energy Limited 0.19%
Glencore PLC 0.02%
Itochu Corp 0.01%
Kinder Morgan Inc 0.01%
Lg Corp 0.01%
Lukoil PJSC 0.02%
Lyondellbasell Indu-Cl A 0.01%
Marathon Petroleum Corp 0.01%
Mitsubishi Corp 0.01%
Mitsui & Co Ltd 0.01%
New Zealand Refining Co Ltd 0.07%
Nippon Steel and Sumitomo Metal Corp 0.01%
Novatek PJSC-Spons Gdr Reg S 0.01%
Occidental Petroleum Corp 0.01%
Oil Search Limited 0.04%
Oneok Inc 0.01%
Origin Energy Ltd 0.06%
Petrobras - Petroleo Bras 0.01%
Petrobras - Petroleo Bras-Pr 0.01%
Petrochina Co Ltd-H 0.01%
Petroleos Mexicanos 4.875 24/01/2022 0.01%
Petroleos Mexicanos 6.75 21/09/2047 0.01%
Petroleos Mexicanos 6.875 04/08/2026 0.01%
Phillips 66 0.01%
Pioneer Natural Resources Co 0.01%
Polski Koncern Naftowy Orlen 0.01%
Posco 0.02%
Ptt Pcl - Local 0.01%
Public Service Enterprise Group 0.01%
Repsol SA 0.01%
Royal Dutch Shell PLC 'A' Ord 0.04%
Royal Dutch Shell PLC-B Shs 0.04%
Santos Ltd 0.03%
Sasol Ltd 0.01%
Shell International Finance Bv 4.3 22/09/2019 0.01%
Sk Innovation Co Ltd 0.01%
South32 Ltd 0.08%
Statoil Asa 0.01%
Sumitomo Corp 0.01%
Suncor Energy Inc 0.02%
Tatneft PJSC 0.01%
Total Capital International SA 2.875 19/11/2025 0.01%
Total Capital SA 4.45 24/06/2020 0.01%
Total SA 0.04%
Transcanada Corp 0.01%
Vale SA 0.02%
Valero Energy Corp 0.01%
Washington H. Soul Pattinson 0.01%
Whitehaven Coal Ltd 0.01%
Williams Cos Inc 0.01%
Woodside Petroleum Limited 0.09%

Weapons

Airbus Se 0.02%
Amphenol Corp-Cl A 0.01%
Bae Systems PLC 0.01%
Raytheon Company 0.02%
Rockwell Collins Inc 0.01%
Rolls-Royce Holdings PLC 0.01%
Safran SA 0.01%
Thales SA 0.01%
The Boeing Company 0.05%
Transdigm Group Inc 0.01%
United Technologies Corp 0.03%

Tobacco

Alimentation Couche-Tard -B 0.01%
Altria Group Inc 0.04%
Altria Group Inc 9.25 06/08/2019 0.01%
Bat International Finance PLC 0.875 13/10/2023 0.01%
British American Tobacco PLC 0.04%
Imperial Brands PLC 0.01%
Japan Tobacco Inc 0.01%
Kt&G Corp 0.01%
Philip Morris International 0.05%
Philip Morris International Inc 3.875 21/08/2042 0.01%
Seven & I Holdings Co Ltd 0.01%

Gambling

Aristocrat Leisure Ltd 0.06%
Crown Resorts Ltd 0.02%
Gaming and Leisure Properties Inc 0.02%
Las Vegas Sands Corp 0.01%
Tabcorp Holdings Ltd 0.02%
The Star Entertainment Group Limited 0.02%

Alcohol

Ambev SA 0.02%
Anheuser-Busch Inbev SA/Nv 0.03%
Coca-Cola Amatil Ltd 0.02%
Diageo PLC 0.02%
LVMH Moet Hennessy Vuitton ( Se ) 0.02%
Treasury Wine Estates Ltd 0.04%

Palm Oil

Human Rights & Environmental Violations

Astra International Tbk Pt 0.01%
BHP Billiton Limited 0.37%
BHP Billiton PLC 0.01%
Barrick Gold Corp 0.01%
Bayer AG-Reg 0.03%
Chevron Corp 0.07%
China Petroleum & Chemical-H 0.02%
Duke Energy Corp 0.02%
Duke Energy Corp 3.75 15/04/2024 0.01%
Formosa Chemicals & Fibre 0.01%
Formosa Plastics Corp 0.01%
Freeport-Mcmoran Inc 0.01%
Glencore PLC 0.02%
Grupo Mexico Sab 0.01%
Johnson & Johnson 0.10%
Mtn Group Ltd 0.01%
Nestle SA-Reg 0.08%
Petrochina Co Ltd-H 0.01%
Pg & E Corp 0.01%
Posco 0.02%
Rio Tinto Ltd 0.13%
Rio Tinto PLC 0.02%
Royal Dutch Shell PLC 'A' Ord 0.04%
Royal Dutch Shell PLC-B Shs 0.04%
Shell International Finance Bv 4.3 22/09/2019 0.01%
Vale SA 0.02%

Animal Testing

Altria Group Inc 0.04%
Basf Se 0.03%
Bayer AG-Reg 0.03%
British American Tobacco PLC 0.04%
Chevron Corp 0.07%
Coca-Cola Amatil Ltd 0.02%
Coca-Cola Co 0.06%
Dowdupont Inc 0.05%
Glaxosmithkline PLC 0.03%
Johnson & Johnson 0.10%
LVMH Moet Hennessy Vuitton ( Se ) 0.02%
Mondelez International - W/I 0.02%
Nestle SA-Reg 0.08%
Pepsico Inc 0.05%
Philip Morris International 0.05%
Procter & Gamble Co 0.07%
Reckitt Benckiser 0.02%
Royal Dutch Shell PLC 'A' Ord 0.04%
Royal Dutch Shell PLC-B Shs 0.04%
Unilever Nv-Cva 0.03%
Unilever PLC 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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.

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
2021 16.60% 11.25%
2020 -1.09% -1.98%
2019 5.56% 5.18%
2018 5.28% 4.5%

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 8.0% 5.52%
New Zealand Fixed Interest 26.0% 28.4%
International Fixed Interest 26.0% 23.42%
Australasian Equities 16.0% 17.33%
International Equities 24.0% 23.79%
Listed Properties 0.0% 1.54%
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 Fri Dec. 31st 2021.

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).

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:
    0.25%
  • Animal Testing:
    1.36%
  • Fossil Fuels:
    2.24%
  • Gambling:
    0.15%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.11%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.21%
  • Weapons:
    0.20%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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 exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

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 returns allowing for moderate movements of value up and down."

Value $25M NZD
Period of data report Fri Dec. 31st 2021
Members 836
Fund started Thu July 28th 2016
Total annual fund fees 1.0%
Total performance based fees 0.0%
Manager's basic fee 0.93%
Other management and administration charges 0.07%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (2 years, 9 months)
Previously: General Counsel AMP Wealth Management New Zealand (3 years, 7 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (2 years, 9 months)
Previously: Chief Client Officer AMP Wealth Management New Zealand (2 years, 9 months)

Blair Robert Vernon

Currently: Investment Committee Member (10 years, 6 months)
Previously: Chief Executive AMP Wealth Management New Zealand (3 years, 0 months)

Mark David Ennis

Currently: Investment Committee Member (1 years, 5 months)
Previously: Managing Director AdviceFirst Limited (1 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.