Funds
AMP ASB Moderate 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 0.50%
- BHP Group Ltd 0.43%
- Genesis Energy Ltd 0.13%
- Cheniere Energy Inc 0.07%
- Enbridge Inc 0.07%
- Marathon Petroleum Corp 0.07%
- Nextera Energy Inc 0.07%
- Kinder Morgan Inc 0.06%
- Phillips 66 0.06%
- Williams Cos Inc 0.06%
- Ampol Ltd 0.05%
- Oneok Inc 0.05%
- Targa Resources Corp 0.05%
- Tc Energy Corporation 0.05%
- Valero Energy Corp 0.05%
- Glencore PLC 0.04%
- Keyera Corp 0.04%
- Neste Oyj 0.04%
- Parkland Corporation 0.04%
- Pembina Pipeline Corp 0.04%
- Snam Spa 0.04%
- South32 Ltd 0.04%
- Southern Co 0.04%
- Viva Energy Group Ltd 0.04%
- Altagas Ltd 0.03%
- Anglo American PLC 0.03%
- Apa Group 0.03%
- Duke Energy Corp 0.03%
- Iberdrola SA 0.03%
- American Electric Power 0.02%
- Consolidated Edison Inc 0.02%
- Enel Spa 0.02%
- Mitsubishi Corp 0.02%
- Mitsui & Co Ltd 0.02%
- National Grid PLC 0.02%
- Origin Energy Ltd 0.02%
- Sempra 0.02%
- Xcel Energy Inc 0.02%
- Aes Corp 0.01%
- Alliant Energy Corp 0.01%
- Ameren Corporation 0.01%
- Atmos Energy Corp 0.01%
- Cez As 0.01%
- China Suntien Green Energy-H 0.01%
- Ck Asset Holdings Ltd 0.01%
- Ck Hutchison Holdings Ltd 0.01%
- Cms Energy Corp 0.01%
- Constellation Energy Group 0.01%
- Cosan SA 0.01%
- Cosco Shipping Energy Transportation Co Ltd 0.01%
- Dte Energy Company 0.01%
- Edp-Energias De Portugal SA 0.01%
- Enbridge Inc 1.6 04/10/2026 0.01%
- Engie 0.01%
- Entergy Corp 0.01%
- Evergy Inc 0.01%
- Fortis Inc 0.01%
- Hd Hyundai 0.01%
- Itochu Corp 0.01%
- Jardine Matheson Hldgs Ltd 0.01%
- Keppel Corp Ltd 0.01%
- Loews Corp 0.01%
- Marubeni Corp 0.01%
- Nisource Inc 0.01%
- Petronas Dagangan Bhd 0.01%
- Posco Holdings Inc 0.01%
- Ppl Corporation 0.01%
- Ptt Oil & Retail Business Pcl 0.01%
- Public Service Enterprise Group 0.01%
- Qatar Gas Transport Co Ltd 0.01%
- Rabigh Refining & Petrochemical Co 0.01%
- Rwe AG 0.01%
- Sumitomo Corp 0.01%
- Taiwan Cement 0.01%
- Vistra Corp 0.01%
- Wec Energy Group Inc 0.01%
Weapons
- Heico Corp 0.04%
- Transdigm Group Inc 0.04%
- Kongsberg Gruppen Asa 0.02%
- Amphenol Corp-Cl A 0.01%
- Booz Allen Hamilton Holdings 0.01%
- Icl Group Ltd 0.01%
- Mtu Aero Engines AG 0.01%
- Rheinmetall AG 0.01%
- Rolls-Royce Holdings PLC 0.01%
- Walmart De Mexico-Ser V 0.01%
Tobacco
- Alimentation Couche-Tard Inc 0.03%
Gambling
- Skycity Entertainment Group 0.18%
- Aristocrat Leisure Ltd 0.05%
- Vici Properties Inc 0.04%
- Gaming and Leisure Properties Inc 0.02%
- Evolution Ab 0.01%
- Flutter Entertainment PLC 0.01%
- Galaxy Entertainment Group L 0.01%
- Las Vegas Sands Corp 0.01%
- Mgm Resorts International 0.01%
- Tabcorp Holdings Ltd 0.01%
- The Star Entertainment Group Ltd 0.01%
- Wynn Resorts Ltd 0.01%
Alcohol
- Diageo PLC 0.06%
- Constellation Brands Inc-A 0.04%
- Anheuser-Busch Inbev SA/Nv 0.03%
- Brown-Forman Corp-Class B 0.02%
- Endeavour Group Ltd/Australia 0.02%
- Pernod-Ricard SA 0.02%
- Treasury Wine Estates Ltd 0.02%
- Ambev SA 0.01%
- Asahi Group Holdings Ltd 0.01%
- Budweiser Brewing Co Apac Ltd 0.01%
- Carlsberg As-B 0.01%
- China Resources Beer Holdings Co Ltd 0.01%
- Heineken Nv 0.01%
- Kirin Holdings Co Ltd 0.01%
- Kweichow Moutai Co Ltd 0.01%
- Metcash Ltd 0.01%
- Molson Coors Beverage Co 0.01%
GMOs
- Corteva Inc 0.03%
Human Rights & Environmental Violations
- BHP Group Ltd 0.43%
- Johnson & Johnson 0.19%
- Meta Platforms Inc 0.14%
- Nestle SA-Reg 0.13%
- Thermo Fisher Scientific Inc 0.09%
- Rio Tinto Ltd 0.08%
- Catterpillar Inc 0.04%
- Glencore PLC 0.04%
- Rio Tinto PLC 0.04%
- Activision Blizzard Inc 0.03%
- Corteva Inc 0.03%
- Duke Energy Corp 0.03%
- Freeport-Mcmoran Inc 0.03%
- Archer-Daniels-Midland Co 0.02%
- Basf Se 0.02%
- Bayer AG-Reg 0.02%
- Nutrien Ltd 0.02%
- Uber Technologies Inc 0.02%
- Bank Leumi Le-Israel 0.01%
- Barrick Gold Corp 0.01%
- Credit Suisse Group AG-Reg 0.01%
- Fmc Corp 0.01%
- Formosa Chemicals & Fibre 0.01%
- Li Ning Co Ltd 0.01%
- Motorola Solutions Inc 0.01%
- Nufarm Ltd 0.01%
Animal Cruelty
- Procter & Gamble Co 0.14%
- Nestle SA-Reg 0.13%
- Coca-Cola Co 0.11%
- Pepsico Inc 0.10%
- LVMH Moet Hennessy Vuitton ( Se ) 0.07%
- Unilever PLC 0.05%
- Constellation Brands Inc-A 0.04%
- L'Oreal 0.04%
- Mondelez International - W/I 0.04%
- 3M Co 0.03%
- Air Liquide-Prime Fidelite Regd 0.03%
- Colgate-Palmolive Company 0.03%
- Corteva Inc 0.03%
- Albemarle Corp 0.02%
- Archer-Daniels-Midland Co 0.02%
- Basf Se 0.02%
- Bayer AG-Reg 0.02%
- Dow Inc 0.02%
- Ecolab Inc 0.02%
- Estee Lauder Companies-Cl A 0.02%
- General Mills Inc 0.02%
- Kering SA 0.02%
- Kimberly-Clark Corp 0.02%
- Mitsubishi Corp 0.02%
- Nutrien Ltd 0.02%
- Ping An Insurance Group Co-H 0.02%
- Sherwin-Williams Co 0.02%
- Ajinomoto Co Inc 0.01%
- Asahi Group Holdings Ltd 0.01%
- Avantor Inc 0.01%
- Burberry Group PLC 0.01%
- Canon Inc 0.01%
- Church & Dwight Co Inc 0.01%
- Croda International PLC 0.01%
- Daikin Industries Ltd 0.01%
- Denso Corp 0.01%
- Eastman Chemical Co 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 Danone 0.01%
- Grupo Mexico Sab 0.01%
- Hermes International 0.01%
- Hormel Foods Corp 0.01%
- Icl Group Ltd 0.01%
- Kao Corp 0.01%
- Koninklijke Ahold Delhaize Nv 0.01%
- Koninklijke Dsm Nv 0.01%
- Molson Coors Beverage Co 0.01%
- Mosaic Co 0.01%
- Nan Ya Plastics Corp 0.01%
- Novozymes A/S-B Shares 0.01%
- Nufarm Ltd 0.01%
- Orica Ltd 0.01%
- Otsuka Holdings Co Ltd 0.01%
- PPG Industries Inc 0.01%
- Rentokil Initial PLC 0.01%
- Rpm International Inc 0.01%
- Shiseido Co Ltd 0.01%
- Tesco PLC 0.01%
- Tyson Foods Inc-Cl A 0.01%
- Ultrapar Participacoes SA 0.01%
- Yara International Asa 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 returns allowing for moderate movements of value up and down.
| Value | $26M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 940 |
| Fund started | 28th July 2016 |
| Total annual fund fees | 1.01% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.93% |
| 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 | 0.01% | |
| Alcohol | 0.31% | |
| Animal Cruelty | 1.50% | |
| Fossil Fuels | 2.84% | |
| Gambling | 0.37% | |
| GMOs | 0.03% | |
| Human Rights & Environmental Violations | 1.48% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.03% | |
| Weapons | 0.17% |
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% | -1.09% |
| 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 31st Dec. 2022.
Top 10 Investments
-
ASB Superannuation Master Trust-ASB Moderate Fund
New Zealand Fund100.0%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 8.0% | 8.27% |
| New Zealand Fixed Interest | 26.0% | 24.97% |
| International Fixed Interest | 26.0% | 25.44% |
| Australasian Equities | 16.0% | 14.17% |
| International Equities | 24.0% | 22.58% |
| Listed Properties | 0.0% | 1.49% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 3.08% |
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.