ASB Conservative Plus Fund

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Type: Conservative fund
Past Returns: 4.68%

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

Annual Fees: 1.04%

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

Ampol Ltd 0.03%
Apa Group 0.06%
BHP Group Ltd 0.68%
Beach Energy Ltd 0.01%
Chevron Corp 0.01%
Coca-Cola Amatil Ltd 0.04%
Coca-Cola Co 0.01%
Exxon Mobil Corporation 0.01%
Gazprom PJSC 0.01%
Genesis Energy Ltd 0.21%
Lukoil PJSC 0.01%
Oil Search Ltd 0.04%
Origin Energy Ltd 0.04%
Petroleos Mexicanos 6.84 23/01/2030 0.01%
Posco 0.01%
Reliance Industries Ltd 0.02%
Santos Ltd 0.07%
Saudi Arabian Oil Co 0.01%
South32 Ltd 0.07%
Total Se 0.01%
Vale SA 0.02%
Viva Energy Group Ltd 0.01%
Washington H. Soul Pattinson 0.02%
Whitehaven Coal Ltd 0.01%
Woodside Petroleum Ltd 0.12%

Gambling

Aristocrat Leisure Ltd 0.11%
Crown Resorts Ltd 0.02%
Pointsbet Holdings Ltd 0.01%
Skycity Entertainment Group 0.32%
Tabcorp Holdings Ltd 0.05%
The Star Entertainment Group Ltd 0.02%

Alcohol

Anheuser-Busch Cos Llc / Anheuser-Busch 4.9 01/02/2046 0.01%
Coca-Cola Amatil Ltd 0.04%
Diageo PLC 0.01%
Graincorp Ltd 0.01%
Kweichow Moutai Co Ltd 0.01%
LVMH Moet Hennessy Vuitton ( Se ) 0.01%
Metcash Ltd 0.02%
Treasury Wine Estates Ltd 0.04%

Palm Oil

Posco 0.01%

Human Rights & Environmental Violations

BHP Group Ltd 0.68%
Chevron Corp 0.01%
Johnson & Johnson 0.02%
Nestle SA-Reg 0.02%
Posco 0.01%
Rio Tinto Ltd 0.21%
Rio Tinto PLC 0.01%
Vale SA 0.02%

Animal Testing

Chevron Corp 0.010%
Coca-Cola Amatil Ltd 0.040%
Coca-Cola Co 0.010%
Glaxosmithkline PLC 0.010%
Johnson & Johnson 0.020%
L'Oreal 0.010%
LVMH Moet Hennessy Vuitton ( Se ) 0.010%
Linde PLC 0.010%
Nestle SA-Reg 0.020%
Nufarm Ltd 0.010%
Pepsico Inc 0.010%
Procter & Gamble Co 0.020%
Reliance Industries Ltd 0.020%
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 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 8.21% 8.78%
2020 -0.29% -0.3%
2019 4.31% 5.55%
2018 3.09% 3.66%
2017 3.28% 4.03%
2016 2.92% 3.39%
2015 8.63% 8.3%
2014 5.69% 3.26%
2013 8.30% 6.25%
2012 2.27% 1.81%

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:

  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    7.36%
  • Certificate Of Deposit Rcd ASB Bank 18/06/2021
    New Zealand Cash and Equivalents A-1+
    2.53%
  • Certificate Of Deposit Rcd ASB Bank 06/05/2021
    New Zealand Cash and Equivalents A-1+
    2.25%
  • Certificate Of Deposit Rcd ASB Bank 28/05/2021
    New Zealand Cash and Equivalents A-1+
    2.2%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    2.2%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    2.16%
  • Certificate Of Deposit Rcd ASB Bank 15/06/2021
    New Zealand Cash and Equivalents A-1+
    1.93%
  • New Zealand Government 5.5 15/04/2023
    New Zealand NZ Fixed Interest AAA
    1.72%
  • New Zealand Government 6 15/05/2021
    New Zealand NZ Fixed Interest AAA
    1.63%
  • New Zealand Government 2.75 15/04/2025
    New Zealand NZ Fixed Interest AAA
    1.41%

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 12.0% 16.66%
New Zealand Fixed Interest 21.5% 29.93%
International Fixed Interest 36.5% 22.99%
Australasian Equities 14.5% 25.31%
International Equities 15.5% 5.11%
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:
    0.15%
  • Animal Testing:
    0.22%
  • Fossil Fuels:
    1.54%
  • Gambling:
    0.53%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.98%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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 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 $830M NZD
Period of data report Wed March 31st 2021
Fund started Fri Oct. 12th 2007
Total annual fund fees 1.04%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.04%
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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