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 0.23%
    • Johnson & Johnson 0.17%
    • Thermo Fisher Scientific Inc 0.08%
    • Motorola Solutions Inc 0.05%
    • Rio Tinto Ltd 0.05%
    • Alstom 0.04%
    • Uber Technologies Inc 0.03%
    • Grupo Mexico Sab De Cv-Ser B 0.01%
    • Li Ning Co Ltd 0.01%
    • BHP Group Ltd 0.28% !!
      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
    • Newcrest Mining Ltd 0.03%
    • Nissan Chemical Corp 0.01%
    • Posco 0.01%
    • LVMH Moet Hennessy Louis Vui 0.07%
    • Sherwin-Williams Co/The 0.06%
    • Novozymes A/S-B Shares 0.05%
    • L'Oreal 0.04%
    • Church & Dwight Co Inc 0.02%
    • Estee Lauder Companies-Cl A 0.02%
    • Givaudan-Reg 0.02%
    • PPG Industries Inc 0.02%
    • Formosa Plastics Corp 0.01%
    • Groupe Bruxelles Lambert Nv 0.01%
    • Hermes International 0.01%
    • Intl Flavors & Fragrances 0.01%
    • Kering 0.01%
    • Nan Ya Plastics Corp 0.01%
    • Nissan Chemical Corp 0.01%
    • Orica Ltd 0.01%
    • Shiseido Co Ltd 0.01%
    • Ultrapar Participacoes SA 0.01%
    • Amphenol Corp-Cl A 0.03%
    • Heico Corp 0.03%
    • Transdigm Group Inc 0.03%
    • Booz Allen Hamilton Holdings 0.01%
    • Contact Energy Ltd 0.34% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.28% !!
      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 0.07%
    • Rio Tinto Ltd 0.05%
    • Tata Steel Ltd-Gdr Reg S 0.04%
    • Ampol Ltd 0.03%
    • Bkw AG 0.03%
    • Channel Infrastructure NZ Lt 0.03%
    • Northland Power Inc 0.03%
    • Verbund AG 0.03% 1.5°C
      This company is on a 1.5°C pathway
    • Washington H. Soul Pattinson 0.03%
    • Apa Group 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
    • 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
    • South32 Ltd 0.02%
    • 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%
    • Cez As 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
    • Edp-Energias De Portugal SA 0.01% 1.5°C
      This company is on a 1.5°C pathway
    • Enbridge Inc 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
    • Grupo Mexico Sab De Cv-Ser B 0.01%
    • Hd Hyundai 0.01%
    • Marathon Petroleum Corp 0.01%
    • Oneok Inc 0.01%
    • Orica Ltd 0.01%
    • Petronas Dagangan Bhd 0.01%
    • Qatar Gas Transport(Nakilat) 0.01%
    • Rabigh Refining and Petroche 0.01%
    • Weg SA 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 30th Sept. 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 to moderate total returns allowing for modest to moderate movements of value up and down. The number of years with negative returns are generally expected to be higher than the Conservative Fund but lower than the Moderate Fund 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 Plus Fund invests in income and growth assets with a target investment mix of 70% income assets and 30% growth assets.

Value $514M NZD
Period of data report 30th Sept. 2023
Fund started 12th Oct. 2007
Total annual fund fees 1.03%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.03%
Total other charges 0.0
Total other charges currency NZD

Frank Jasper

Currently: Investment Committee member (1 years, 2 months)
Previously: Chief Investment Officer, Fisher Funds (previous position) (4 years, 0 months)

Jax Mitchell

Currently: Investment Committee member (0 years, 11 months)
Previously: GM Wealth, Insurance & Partnerships, ASB Bank (current position) (0 years, 11 months)

Stephen Moir

Currently: Investment Committee Chairman (0 years, 4 months)
Previously: Investment Committee member (2 years, 8 months)

Justine Sefton

Currently: Investment Committee member (1 years, 2 months)
Previously: Member/Deputy-Chair of the Impact Investment Network Aotearoa NZ (current position) (3 years, 4 months)

John Smith

Currently: Investment Committee member (12 years, 4 months)
Previously: Head of Asset Management, ASB Bank (current position) (11 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 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% -1.69%
2022 -0.95% -2.32%
2021 8.70% 8.78%
2020 0.08% -0.3%
2019 4.31% 5.55%
2018 3.39% 3.66%
2017 3.28% 4.03%
2016 2.92% 3.39%
2015 8.63% 8.3%
2014 5.69% 3.26%

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 Sept. 2023.

Top 10 Investments

  • Ishares Physical Gold Etc
    Ireland Commodities
    2.92%
  • Westpac Deposit Acc
    New Zealand Cash and Equivalents A-1+
    2.81%
  • BNZ Deposit Acc
    New Zealand Cash and Equivalents A-1+
    2.29%
  • ASB Bank Ltd 140224 Rcd
    New Zealand Cash and Equivalents A-1+
    1.98%
  • New Zealand Government 140433 3.50 Gb
    New Zealand NZ Fixed Interest AAA
    1.52%
  • New Zealand Government 150427 4.50 Gb
    New Zealand NZ Fixed Interest AAA
    1.25%
  • New Zealand Government 150524 0.50 Gb
    New Zealand NZ Fixed Interest AAA
    1.15%
  • New Zealand Government 150425 2.75 Gb
    New Zealand NZ Fixed Interest AAA
    1.13%
  • New Zealand Govt 200935 2.50 Indexed Bond
    New Zealand NZ Fixed Interest AAA
    1.06%
  • New Zealand Government 150528 0.25 Gb
    New Zealand NZ Fixed Interest AAA
    1.03%
Type Target Actual
Cash and Cash Equivalents 10.0% 8.41%
New Zealand Fixed Interest 27.5% 26.54%
International Fixed Interest 32.5% 32.84%
Australasian Equities 12.5% 8.55%
International Equities 17.5% 20.7%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 2.96%

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 Sept. 2023.