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:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Meta Platforms Inc-Class A 0.09%
    • Johnson & Johnson 0.08%
    • Nestle SA-Reg 0.07%
    • Rio Tinto Ltd 0.05%
    • Thermo Fisher Scientific Inc 0.04%
    • Caterpillar Inc 0.02%
    • Glencore PLC 0.02%
    • Rio Tinto PLC 0.02%
    • Activision Blizzard Inc 0.01%
    • Credit Suisse New York 0.01%
    • Li Ning Co Ltd 0.01%
    • Motorola Solutions Inc 0.01%
    • Uber Technologies Inc 0.01%
    • BHP Group Ltd 0.24% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Duke Energy Corp 0.02%
    • Glencore PLC 0.02%
    • Newcrest Mining Ltd 0.02%
    • Archer-Daniels-Midland Co 0.01%
    • Barrick Gold Corp 0.01%
    • Basf Se 0.01%
    • Bayer AG-Reg 0.01%
    • Corteva Inc 0.01%
    • Freeport-Mcmoran Inc 0.01%
    • Nutrien Ltd 0.01%
    • Posco 0.01%
    • Procter & Gamble Co/The 0.07%
    • LVMH Moet Hennessy Louis Vui 0.05%
    • Unilever PLC 0.03%
    • Air Liquide SA 0.02%
    • L'Oreal 0.02%
    • 3M Co 0.01%
    • Albemarle Corp 0.01%
    • Basf Se 0.01%
    • Bayer AG-Reg 0.01%
    • Colgate-Palmolive Co 0.01%
    • Corteva Inc 0.01%
    • Dow Inc 0.01%
    • Dupont De Nemours Inc 0.01%
    • Ecolab Inc 0.01%
    • Estee Lauder Companies-Cl A 0.01%
    • Givaudan-Reg 0.01%
    • Hermes International 0.01%
    • Kering 0.01%
    • Kimberly-Clark Corp 0.01%
    • Koninklijke Ahold Delhaize N 0.01%
    • Nutrien Ltd 0.01%
    • Orica Ltd 0.01%
    • PPG Industries Inc 0.01%
    • Sherwin-Williams Co/The 0.01%
    • Ultrapar Participacoes SA 0.01%
    • Heico Corp 0.02%
    • Howmet Aerospace Inc 0.02%
    • Transdigm Group Inc 0.02%
    • Amphenol Corp-Cl A 0.01%
    • Kongsberg Gruppen Asa 0.01%
    • Mtu Aero Engines AG 0.01%
    • Rolls-Royce Holdings PLC 0.01%
    • Singapore Tech Engineering 0.01%
    • Contact Energy Ltd 0.25% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.24% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Genesis Energy Ltd 0.06%
    • Marathon Petroleum Corp 0.06%
    • Enbridge Inc 0.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Kinder Morgan Inc 0.04% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Cheniere Energy Inc 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Neste Oyj 0.03%
    • Nextera Energy Inc 0.03%
    • Phillips 66 0.03%
    • Snam Spa 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Targa Resources Corp 0.03%
    • Valero Energy Corp 0.03%
    • Williams Cos Inc 0.03% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Ampol Ltd 0.02%
    • Duke Energy Corp 0.02%
    • Glencore PLC 0.02%
    • Iberdrola SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Keyera Corp 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Oneok Inc 0.02%
    • Origin Energy Ltd 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Parkland Corp 0.02%
    • Pembina Pipeline Corp 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • South32 Ltd 0.02%
    • Southern Co/The 0.02%
    • Tc Energy Corp 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Viva Energy Group Ltd 0.02% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Agl Energy Ltd 0.01%
    • Altagas Ltd 0.01%
    • American Electric Power 0.01%
    • Apa Group 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Cez As 0.01%
    • Consolidated Edison Inc 0.01%
    • Constellation Energy 0.01%
    • Cosan SA 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Enel Spa 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Engie 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Hd Hyundai 0.01%
    • Hf Sinclair Corp 0.01%
    • Itochu Corp 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Marubeni Corp 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Mitsubishi Corp 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • National Grid PLC 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Orica Ltd 0.01%
    • Petronas Dagangan Bhd 0.01%
    • Public Service Enterprise Gp 0.01%
    • Rwe AG 0.01%
    • Sempra Energy 0.01% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Washington H. Soul Pattinson 0.01%
    • Wec Energy Group Inc 0.01%
    • Weg SA 0.01%
    • Xcel Energy Inc 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 31st March 2023 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

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 $93M NZD
Period of data report 30th June 2023
Fund started 11th Oct. 2007
Total annual fund fees 0.95%
Total performance based fees 0.0%
Manager's basic fee 0.9%
Other management and administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Frank Jasper (Not Named In The Previous Fund Update)

Currently: Investment Committee member (0 years, 11 months)
Previously: Chief Investment Officer, Fisher Funds (previous position) (4 years, 0 months)

Jax Mitchell (Not Named In The Previous Fund Update)

Currently: Investment Committee member (0 years, 8 months)
Previously: GM Wealth, Insurance & Partnerships, ASB Bank (current position) (0 years, 8 months)

Stephen Moir

Currently: Investment Committee Chairman (0 years, 1 months)
Previously: Investment Committee member (2 years, 5 months)

Justine Sefton (Not Named In The Previous Fund Update)

Currently: Investment Committee member (0 years, 11 months)
Previously: Member/Deputy-Chair of the Impact Investment Network Aotearoa NZ (current position) (3 years, 1 months)

John Smith

Currently: Investment Committee member (12 years, 1 months)
Previously: Head of Asset Management, ASB Bank (current position) (11 years, 1 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.

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
2023 -1.56% -1.56%
2022 -0.95% -2.37%
2021 8.70% 6.07%
2020 0.08% 0.5%
2019 4.31% 4.41%
2018 3.39% 3.15%
2017 3.28% 3.53%
2016 2.92% 3.01%
2015 8.63% 6.68%
2014 5.69% 2.87%

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 30th June 2023.

Top 10 Investments

  • Westpac Deposit Acc
    New Zealand Cash and Equivalents
    4.53%
  • ASB Bank Ltd 041023 Rcd
    New Zealand Cash and Equivalents A-1+
    3.46%
  • Ishares Physical Gold Etc
    Ireland Commodities
    2.95%
  • New Zealand Government 150427 4.50 Gb
    New Zealand NZ Fixed Interest AAA
    1.4%
  • ASB Bank Ltd 280823 Rcd
    New Zealand Cash and Equivalents A-1+
    1.38%
  • New Zealand Government 150524 0.50 Gb
    New Zealand NZ Fixed Interest AAA
    1.29%
  • New Zealand Government 150425 2.75 Gb
    New Zealand NZ Fixed Interest AAA
    1.27%
  • New Zealand Govt 200935 2.50 Indexed Bond
    New Zealand NZ Fixed Interest AAA
    1.23%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    1.16%
  • New Zealand Government 200429 3.0 Gb
    New Zealand NZ Fixed Interest AAA
    1.1%
Type Target Actual
Cash and Cash Equivalents 15.0% 12.38%
New Zealand Fixed Interest 28.5% 30.8%
International Fixed Interest 36.5% 34.49%
Australasian Equities 7.5% 5.14%
International Equities 12.5% 14.21%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 2.98%

Investment Mix

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

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.