ASB Positive Impact Fund

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Type: Balanced fund
Past Returns: *24.08%

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.


Fossil Fuel

Weapons

Singapore Technologies Engineering Ltd 0.01%

Human Rights & Environmental Violations

Adani Ports & Special Economic Zone Ltd. 3.375 24/07/2024 0.01%
Johnson & Johnson 0.50%

Animal Testing

Air Liquide SA 0.170%
Argentum Netherlands Bv For Swiss Re Ltd. 5.75 15/08/2050 0.010%
Beiersdorf AG 0.030%
Chr Hansen Holding A/S 0.180%
Clorox Co 0.060%
Colruyt SA 0.010%
Croda International PLC 0.180%
Danone SA 0.170%
Ecolab Inc 0.880%
Estee Lauder Companies Inc 0.220%
Fujifilm Holdings Corp 0.060%
Givaudan SA 0.100%
Henkel AG & Co Kgaa 0.090%
Hp Inc 0.130%
Hp Inc. 2.2 17/06/2025 0.020%
J Sainsbury PLC 0.020%
Jeronimo Martins Sgps SA 0.010%
Johnson & Johnson 0.500%
Kellogg Co 0.010%
Koninklijke Dsm Nv 0.510%
L'Oreal SA 0.280%
Lenzing AG 0.090%
Linde PLC 0.420%
Marico Ltd 0.090%
Novozymes A/S 0.070%
Orkla Asa 0.020%
Procter & Gamble Co 0.230%
Procter & Gamble Co. 2.8 25/03/2027 0.010%
Reckitt Benckiser Treasury Services PLC 3 26/06/2027 0.010%
Symrise AG 0.500%
Tesco Property Finance 2 PLC 6.0517 13/10/2039 0.010%
Umicore SA 0.100%
Unicharm Corp 0.110%
Unilever PLC 0.380%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 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 17.44% 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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Vanguard Ethically Conscious Global Bond Index Fund NZD Hdgd
    Australia Int Fixed Interest
    38.27%
  • Mercer Socially Responsible Overseas Shares Portfolio
    New Zealand International Equities
    29.16%
  • Mercer Socially Responsible Hedged Overseas Shares Portfolio
    New Zealand International Equities
    28.59%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    4.26%

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

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% 39.75%
Australasian Equities 0.0% 0.0%
International Equities 60.0% 60.25%
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 Wed March 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:
    0.00%
  • Animal Testing:
    6.04%
  • Fossil Fuels:
    0.03%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.58%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 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 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 provide moderate to high returns allowing for large movements of value up and down from an exposure to a portfolio of investments with a preference for those that make a positive impact on society or the environment. The number of years with negative returns are generally expected to be similar to the Growth Fund in the ASB Investment Funds. The Positive Impact Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets."

Value $13M NZD
Period of data report Wed March 31st 2021
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 (7 years, 0 months)
Previously: Executive GM Corporate Banking ASB Bank (current position) (2 years, 5 months)

Adam Boyd

Currently: Investment Committee member (4 years, 10 months)
Previously: Executive GM Private Banking Wealth & Insurance ASB Bank (current position) (4 years, 10 months)

Graeme Edwards

Currently: Investment Committee Chairman (1 years, 5 months)
Previously: Investment Committee member (9 years, 3 months)

Stephen Moir (Not Named In The Previous Fund Update)

Currently: Investment Committee member (0 years, 2 months)
Previously: Director Board of The Guardians of the NZ Superfund (previous position) (10 years, 11 months)

John Smith

Currently: Investment Committee member (9 years, 10 months)
Previously: Head of Asset Management ASB Bank (current position) (8 years, 10 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

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