ASB Positive Impact Fund

Find a Mindful Ethical fund »

Not Mindful

Fund type: Balanced fund

Past Returns: No three year data yet

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

Annual Fees: 1.33%

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.


Weapons

Hyundai Heavy Industries Co Ltd Regs 3.179 28/03/2027 0.01%

Tobacco

Alimentation Couche-Tard Inc 144A 3.625 13/05/2051 0.01%

Alcohol

Talent Yield Euro Ltd Regs 1 24/09/2025 0.03%

Human Rights & Environmental Violations

Thermo Fisher Scientific Inc 0.68%
Credit Suisse AG (London Branch) Mtn Regs 0.45 19/05/2025 0.01%

Animal Testing

Koninkilijke Dsm Nv 0.84%
Chr Hansen Holding 0.21%
Sgs SA 0.14%

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

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 0.34% 0.89%
2021 17.46% 24.08%

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 fund has filed with Disclose register to Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Ishares Green Bond Index Fund Ie
    Ireland Int Fixed Interest
    41.38%
  • Blackrock Global Impact Fund Class X Acc NZD
    Ireland International Equities
    29.11%
  • Blackrock Global Impact Fund Class X Acc NZD Hedged
    Ireland International Equities
    26.59%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    3.33%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 40.0% 42.64%
Australasian Equities 0.0% 0.0%
International Equities 60.0% 57.36%
Listed Properties 0.0% 0.0%
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 fund has filed with Disclose register to Fri Sept. 30th 2022.

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:
    0.00%
  • Alcohol:
    0.03%
  • Animal Testing:
    1.19%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.69%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.01%

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

"To invest in a portfolio of investments that make a positive impact on society or the environment while seeking to provide moderate to high long-term returns allowing for large movements of value up and down. The number of years with negative returns are generally expected to be similar to the Growth Fund in the ASB Investment Funds. The impact objective is to achieve measurable positive outcomes in line with the UN Sustainable Development Goals. The Positive Impact Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets."

Value $23M NZD
Period of data report Fri Sept. 30th 2022
Fund started Thu July 25th 2019
Total annual fund fees 1.33%
Total performance based fees 0.0%
Manager's basic fee 1.25%
Other management and administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Annett

Currently: Investment Committee member (8 years, 6 months)
Previously: Executive GM Corporate Banking, ASB Bank (current position) (3 years, 11 months)

Adam Boyd

Currently: Investment Committee member (6 years, 4 months)
Previously: Executive GM Personal Banking, ASB Bank (current position) (0 years, 3 months)

Graeme Edwards

Currently: Investment Committee Chairman (2 years, 11 months)
Previously: Investment Committee member (10 years, 9 months)

Stephen Moir

Currently: Investment Committee member (1 years, 8 months)
Previously: Director, Board of The Guardians of the NZ Superfund (previous position) (10 years, 11 months)

John Smith

Currently: Investment Committee member (11 years, 4 months)
Previously: Head of Asset Management, ASB Bank (current position) (10 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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 Markets Conduct Act 2013 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.