ASB Conservative Fund

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Not Mindful
Type: Conservative fund
Past Returns: 2.69%

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

Annual Fees: 0.95%

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

Apa Group 0.05%
Beach Energy Ltd 0.01%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.36%
BP Capital Markets America Inc 2.112 16/09/2021 0.01%
BP Capital Markets America Inc 3.224 14/04/2024 0.01%
BP Capital Markets PLC 3.814 10/02/2024 0.01%
BP PLC 0.01%
Caltex Australia Ltd 0.02%
Chevron Corp 0.02%
Chevron Corp 3.191 24/06/2023 0.01%
Cnooc Nexen Finance 2014 Ulc 4.25 30/04/2024 0.01%
Conocophillips 6.5 01/02/2039 0.01%
Dominion Energy Incorporated 0.01%
Ecopetrol SA 5.875 18/09/2023 0.01%
Ecopetrol SA 5.875 28/05/2045 0.01%
Enbridge Inc 0.01%
Energy Transfer Lp 5.2 01/02/2022 0.01%
Energy Transfer Operating Lp 6.25 15/04/2049 0.01%
Energy Transfer Partners Lp 4.95 15/06/2028 0.01%
Eog Resources Inc 3.9 01/04/2035 0.01%
Equinor Asa 3.625 10/09/2028 0.01%
Exxon Mobil Corp 2.44 16/08/2029 0.01%
Exxon Mobil Corp 3.176 15/03/2024 0.01%
Exxon Mobil Corporation 0.02%
Kinder Morgan Energy Partners Lp 3.95 01/09/2022 0.01%
Kinder Morgan Energy Partners Lp 5 15/08/2042 0.01%
Mplx Lp 4.125 01/03/2027 0.01%
Nextera Energy Inc 0.01%
Ntpc Ltd 4.25 26/02/2026 0.01%
Occidental Petroleum Corp 2.7 15/08/2022 0.01%
Oil Search Ltd 0.01%
OMV AG 3.5 27/09/2027 0.01%
Origin Energy Ltd 0.03%
Pacificorp 5.75 01/04/2037 0.01%
Petroleos Mexicanos 6.5 13/03/2027 0.01%
Petroleos Mexicanos 6.75 21/09/2047 0.02%
Royal Dutch Shell PLC 'A' Ord 0.01%
Royal Dutch Shell PLC-B Shs 0.01%
Santos Ltd 0.03%
Shell International Finance Bv 3.25 11/05/2025 0.01%
Shell International Finance Bv 4.125 11/05/2035 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
South32 Ltd 0.04%
Statoil Asa 3.7 01/03/2024 0.01%
Suez 1.5 03/04/2029 0.01%
Total Capital International SA 2.875 19/11/2025 0.01%
Total SA 0.01%
Viva Energy Group Ltd 0.01%
Washington H. Soul Pattinson 0.01%
Whitehaven Coal Ltd 0.01%
Woodside Petroleum Ltd 0.07%

Weapons

Boeing Co/The 6.875 15/03/2039 0.01%
Embraer Netherlands Finance Bv 5.05 15/06/2025 0.01%
General Dynamics Corp 3.75 15/05/2028 0.01%
The Boeing Company 0.01%
United Technologies Corp 0.01%
United Technologies Corp 4.625 16/11/2048 0.01%

Gambling

Aristocrat Leisure Ltd 0.06%
Crown Resorts Ltd 0.01%
Skycity Entertainment Group 0.11%
South Africa Government International Bd 5.875 16/09/2025 0.01%
Tabcorp Holdings Ltd 0.02%
The Star Entertainment Group Ltd 0.01%

Alcohol

Anheuser-Busch Cos Llc / Anheuser-Busch 4.7 01/02/2036 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch 4.9 01/02/2046 0.01%
Anheuser-Busch Inbev Finance Inc 3.3 01/02/2023 0.01%
Anheuser-Busch Inbev Worldwide Inc 4.15 23/01/2025 0.01%
Anheuser-Busch Inbev Worldwide Inc 5.45 23/01/2039 0.01%
Anheuser-Busch Inbev Worldwide Inc 5.55 23/01/2049 0.01%
Anheuser-Busch Inbev Worldwide Inc 5.8 23/01/2059 0.01%
Diageo PLC 0.01%
LVMH Moet Hennessy Vuitton ( Se ) 0.01%
Metcash Ltd 0.01%
Molson Coors Brewing Co 4.2 15/07/2046 0.01%
Treasury Wine Estates Ltd 0.03%

GMOs

Basf Se 0.01%
Bayer AG-Reg 0.01%
Novartis AG-Reg 0.02%
Novartis Capital Corp 3 20/11/2025 0.01%

Human Rights & Environmental Violations

BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.36%
Chevron Corp 0.02%
Duke Energy Corp 0.01%
Johnson & Johnson 0.04%
Johnson & Johnson 2.9 15/01/2028 0.01%
Johnson & Johnson 3.75 03/03/2047 0.01%
Nestle SA-Reg 0.03%
Rio Tinto Ltd 0.13%
Rio Tinto PLC 0.01%
Royal Dutch Shell PLC 'A' Ord 0.01%
Royal Dutch Shell PLC-B Shs 0.01%
Shell International Finance Bv 3.25 11/05/2025 0.01%
Shell International Finance Bv 4.125 11/05/2035 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Southern Copper Corp 7.5 27/07/2035 0.01%
Vale Overseas Ltd 6.875 21/11/2036 0.01%

Animal Testing

Air Liquide SA 0.010%
Air Products & Chemicals Inc 0.010%
Basf Se 0.010%
Bayer AG-Reg 0.010%
Chevron Corp 0.020%
Coca-Cola Co 0.020%
Coca-Cola Co/The 1.55 01/09/2021 0.010%
Colgate-Palmolive Co 3.7 01/08/2047 0.010%
Colgate-Palmolive Company 0.010%
Estee Lauder Cos Inc/The 2.375 01/12/2029 0.010%
General Mills Inc 4.2 17/04/2028 0.010%
Glaxosmithkline Capital Inc 3.875 15/05/2028 0.010%
Glaxosmithkline Capital PLC 1.375 12/09/2029 0.010%
Glaxosmithkline PLC 0.010%
Johnson & Johnson 0.040%
Johnson & Johnson 2.9 15/01/2028 0.010%
Johnson & Johnson 3.75 03/03/2047 0.010%
Kimberly-Clark Corp 0.010%
Kraft Heinz Foods Co 4.375 01/06/2046 0.010%
Kraft Heinz Foods Co 4.625 30/01/2029 0.010%
L'Oreal 0.010%
LVMH Moet Hennessy Vuitton ( Se ) 0.010%
Nestle SA-Reg 0.030%
Pepsico Inc 0.020%
Pepsico Inc 2.375 06/10/2026 0.010%
Pepsico Inc 3.45 06/10/2046 0.010%
Pepsico Inc 3.6 01/03/2024 0.010%
Praxair Inc 3.2 30/01/2026 0.010%
Procter & Gamble Co 0.030%
Procter & Gamble Co/The 2.15 11/08/2022 0.010%
Reckitt Benckiser 0.010%
Royal Dutch Shell PLC 'A' Ord 0.010%
Royal Dutch Shell PLC-B Shs 0.010%
Shell International Finance Bv 3.25 11/05/2025 0.010%
Shell International Finance Bv 4.125 11/05/2035 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Unilever Capital Corp 2 28/07/2026 0.010%
Unilever Nv 0.010%
Unilever PLC 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 and research organisations.

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 -0.18% 0.5%
2019 4.54% 4.41%
2018 3.22% 3.15%
2017 3.53% 3.53%
2016 2.92% 3.01%
2015 8.63% 6.68%
2014 5.69% 2.87%
2013 8.30% 5.03%
2012 2.27% 2.43%
2011 4.69% 3.77%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    6.9%
  • Certificate Of Deposit Rcd ASB Bank 07/09/2020
    New Zealand Cash and Equivalents A-1+
    2.93%
  • Certificate Of Deposit Rcd ASB Bank 24/08/2020
    New Zealand Cash and Equivalents A-1+
    2.13%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    1.93%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    1.72%
  • Certificate Of Deposit Rcd ASB Bank 04/08/2020
    New Zealand Cash and Equivalents A-1+
    1.54%
  • New Zealand Government 5.5 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.37%
  • Certificate Of Deposit Rcd ASB Bank 25/09/2020
    New Zealand Cash and Equivalents A-1+
    1.3%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities
    1.3%
  • New Zealand Government 2.75 15/04/2025
    New Zealand NZ Fixed Interest AA+
    1.27%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 19.54%
New Zealand Fixed Interest 22.0% 22.94%
International Fixed Interest 43.0% 36.95%
Australasian Equities 9.0% 16.57%
International Equities 11.0% 4.0%
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 Tue June 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:
    0.00%
  • Alcohol:
    0.14%
  • Animal Testing:
    0.49%
  • Fossil Fuels:
    1.08%
  • Gambling:
    0.22%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    0.70%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.06%

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

"To provide modest total returns allowing for modest movements of value up and down. The number of years with negative returns are generally expected to be less than other funds in the ASB Investment Funds. We manage asset allocation and currency hedging over the medium to long term relative to the target investment mix. We focus on cost effective management. The Conservative Fund invests in income and growth assets with a target investment mix of 80% income assets and 20% growth assets."

Value $150M NZD
Period of data report Tue June 30th 2020
Members 1,056
Fund started Thu Oct. 11th 2007
Total annual fund fees 0.95%
Total performance based fees 0.0%
Manager's basic fee 0.9%
Administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Annett

Currently: Investment Committee member (6 years, 3 months)
Previously: Executive GM Corporate Banking ASB Bank (current position) (1 years, 8 months)

Jonathan Beale

Currently: Investment Committee member (5 years, 10 months)
Previously: General Manager Wealth & Insurance Distribution ASB Bank (current position) (0 years, 8 months)

Adam Boyd

Currently: Investment Committee member (4 years, 1 months)
Previously: Executive GM Private Banking Wealth & Insurance ASB Bank (current position) (4 years, 1 months)

Graeme Edwards

Currently: Investment Committee Chairman (0 years, 8 months)
Previously: Investment Committee member (8 years, 6 months)

John Smith

Currently: Investment Committee member (9 years, 1 months)
Previously: Head of Asset Management; and Acting General Manager Private Banking Wealth & Insurance Product ASB Bank (current position) (8 years, 1 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.