Funds

ASB Conservative Plus Fund

Total Ethical Concerns: 4.83%

The average total concerns of all managed conservative funds is 3.17%.

Companies of Concern

  • Animal Cruelty 0.38%

    • The Sherwin-Williams Co.
      0.13%
      0.13%
    • Novozymes A/S
      0.05%
      0.05%
    • Church & Dwight Co., Inc.
      0.03%
      0.03%
    • L'Oréal SA
      0.03%
      0.03%
    • Ecolab, Inc.
      0.02%
      0.02%
    • Givaudan SA
      0.02%
      0.02%
    • Akzo Nobel Nv
      0.01%
      0.01%
    • Groupe Bruxelles Lambert SA
      0.01%
      0.01%
    • Hermès International Sca
      0.01%
      0.01%
    • PPG Industries, Inc.
      0.01%
      0.01%
    • Ultrapar Participaçoes SA
      0.01%
      0.01%
  • Human Rights Violations 0.85%

    • 0.36%
    • 0.14%
    • Wells Fargo
      0.06%
      0.06%
    • Alstom S.A
      0.04%
      0.04%
    • Rio Tinto
      0.02%
      0.02%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • Grupo México S.A.B. De C.V.
      0.01%
      0.01%
    • Mtn Group Limited
      0.01%
      0.01%
    • 0.01%
    • UBS
      0.01%
      0.01%
    • Zijin Mining
      0.01%
      0.01%
  • Social Harm 0.15%

  • Fossil Fuels 3.21%

    • Nextera Energy, Inc.
      0.21%
      0.21%
    • Contact Energy Ltd.
      0.16%
      1.5°C
      This company is on a 1.5°C pathway
      0.16%
    • The Southern Co.
      0.16%
      0.16%
    • Duke Energy Corp
      0.15%
      0.15%
    • Enbridge, Inc.
      0.15%
      !!
      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
      0.15%
    • National Grid PLC
      0.11%
      !!
      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
      0.11%
    • American Electric Power Co., Inc.
      0.10%
      0.10%
    • BHP
      0.10%
      !!
      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
      0.10%
    • The Williams Cos., Inc.
      0.10%
      !!
      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
      0.10%
    • Oneok, Inc.
      0.09%
      0.09%
    • Dassault Systèmes Se
      0.08%
      0.08%
    • Dominion Energy, Inc.
      0.08%
      0.08%
    • Cheniere Energy, Inc.
      0.07%
      !!
      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
      0.07%
    • Kinder Morgan, Inc.
      0.07%
      !!
      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
      0.07%
    • Sempra Energy
      0.07%
      !!
      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
      0.07%
    • Tc Energy Corp.
      0.07%
      !!
      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
      0.07%
    • Xcel Energy, Inc.
      0.07%
      0.07%
    • Consolidated Edison, Inc.
      0.06%
      0.06%
    • Entergy Corp.
      0.06%
      0.06%
    • Pg&E Corp
      0.06%
      0.06%
    • Targa Resources Corp.
      0.06%
      0.06%
    • Wec Energy Group, Inc.
      0.06%
      0.06%
    • Fortis, 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
      0.05%
    • Tata Steel Ltd.
      0.05%
      0.05%
    • Ameren Corp.
      0.04%
      0.04%
    • Atmos Energy Corp.
      0.04%
      0.04%
    • CMS Energy Corp.
      0.04%
      0.04%
    • Centerpoint Energy, Inc.
      0.04%
      0.04%
    • Firstenergy Corp.
      0.04%
      0.04%
    • Pembina Pipeline Corp.
      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
      0.04%
    • Ppl Corp.
      0.04%
      0.04%
    • Alliant Energy Corp.
      0.03%
      0.03%
    • Emera, Inc.
      0.03%
      0.03%
    • 0.03%
    • Nisource, Inc.
      0.03%
      0.03%
    • Royal Vopak Nv
      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
      0.03%
    • Bkw AG
      0.02%
      0.02%
    • Centrica PLC
      0.02%
      0.02%
    • Channel Infrastructure
      0.02%
      0.02%
    • Clp Holdings Ltd.
      0.02%
      0.02%
    • Evergy, Inc.
      0.02%
      0.02%
    • Pinnacle West Capital Corp.
      0.02%
      0.02%
    • Rio Tinto
      0.02%
      0.02%
    • Snam Spa
      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
      0.02%
    • The Kansai Electric Power Co., Inc.
      0.02%
      0.02%
    • Tokyo Gas Co., 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
      0.02%
    • Acwa Power
      0.01%
      0.01%
    • Algonquin Power & Utilities Corp.
      0.01%
      0.01%
    • Ampol Ltd.
      0.01%
      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
      0.01%
    • Black Hills Corp.
      0.01%
      0.01%
    • Brookfield Infrastructure Partners LP
      0.01%
      0.01%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • Cez As
      0.01%
      0.01%
    • China Merchants Energy Shipping Co., Ltd.
      0.01%
      0.01%
    • China Resources Power Holdings Co., Ltd.
      0.01%
      0.01%
    • Chubu Electric Power Co., Inc.
      0.01%
      0.01%
    • Edp-Energias De Portugal SA
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Grupo México S.A.B. De C.V.
      0.01%
      0.01%
    • Hd Hyundai Co., Ltd.
      0.01%
      0.01%
    • Hera Spa
      0.01%
      0.01%
    • Hong Kong & China Gas Co. Ltd.
      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
      0.01%
    • Idacorp, Inc.
      0.01%
      0.01%
    • Korea Electric Power Corporation (Kepco)
      0.01%
      0.01%
    • Kyushu Electric Power Co., Inc.
      0.01%
      0.01%
    • Mge Energy, Inc.
      0.01%
      0.01%
    • Northwestern Corp.
      0.01%
      0.01%
    • Oge Energy Corp.
      0.01%
      0.01%
    • Origin 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
      0.01%
    • Osaka Gas
      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
      0.01%
    • Petronas Dagangan Bhd.
      0.01%
      0.01%
    • Pnm Resources, Inc.
      0.01%
      0.01%
    • Portland General Electric Co.
      0.01%
      0.01%
    • Power Assets Holdings Ltd.
      0.01%
      0.01%
    • Qatar Gas Transport Co.
      0.01%
      0.01%
    • South32 Ltd.
      0.01%
      0.01%
    • Spire Inc.
      0.01%
      0.01%
    • Tohoku Electric Power Co., Inc.
      0.01%
      0.01%
    • Viva Energy Group Ltd.
      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
      0.01%
    • Weg SA
      0.01%
      0.01%
  • Weapons 0.08%

    • Amphenol Corp.
      0.04%
      0.04%
    • Teledyne Technologies, Inc.
      0.02%
      0.02%
    • Embraer SA
      0.01%
      0.01%
    • Hanwha Aerospace Co., Ltd.
      0.01%
      0.01%
  • Environmental Harm 0.52%

    • Fonterra
      0.18%
      0.18%
    • Duke Energy Corp
      0.15%
      0.15%
    • BHP
      0.10%
      !!
      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
      0.10%
    • Pg&E Corp
      0.06%
      0.06%
    • PepsiCo
      0.01%
      0.01%
    • Southern Copper Corporation
      0.01%
      0.01%
    • Zijin Mining
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    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 72% income assets and 28% growth assets.

    Value $503M NZD
    Period of data report 31st March 2025
    Fund started 12th Oct. 2007
    Total annual fund fees 0.96%
    Total performance based fees 0.0%
    Manager's basic fee 0.93%
    Other management and administration charges 0.03%
    Total other charges 0.0
    Total other charges currency NZD

    Frank Jasper

    Currently: Investment Committee member (2 years, 8 months)
    Previously: Chief Investment Officer, Fisher Funds (previous position) (4 years, 0 months)

    Jax Mitchell

    Currently: Investment Committee member (2 years, 5 months)
    Previously: GM Wealth, Insurance & Partnerships, ASB Bank (current position) (2 years, 5 months)

    Stephen Moir

    Currently: Investment Committee Chairman (1 years, 10 months)
    Previously: Investment Committee member (4 years, 2 months)

    Jonathan Oram

    Currently: Investment Committee member (0 years, 11 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 5 months)

    Justine Sefton

    Currently: Investment Committee member (2 years, 8 months)
    Previously: Member/Deputy-Chair of the Impact Investment Network Aotearoa NZ (current position) (4 years, 10 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.79% 4.92%
    2024 5.86% 6.65%
    2023 -1.56% -1.69%
    2022 -0.50% -2.32%
    2021 8.70% 8.78%
    2020 -0.05% -0.3%
    2019 4.31% 5.55%
    2018 3.39% 3.66%
    2017 3.28% 4.03%
    2016 2.92% 3.39%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • Westpac Deposit Acc

      New Zealand Cash and Equivalents A-1+

      5.09%
    • BNZ Deposit Acc

      New Zealand Cash and Equivalents A-1+

      3.24%
    • ASB Bank Ltd 150525 Rcd

      New Zealand Cash and Equivalents A-1+

      2.24%
    • Ishares Physical Gold Etc

      United Kingdom Other

      2.09%
    • New Zealand Government 200429 3.0 Gb

      New Zealand NZ Fixed Interest AAA

      1.99%
    • New Zealand Government 150427 4.50 Gb

      New Zealand NZ Fixed Interest AAA

      1.85%
    • New Zealand Government 140433 3.50 Gb

      New Zealand NZ Fixed Interest AAA

      1.49%
    • New Zealand Government 150528 0.25 Gb

      New Zealand NZ Fixed Interest AAA

      1.42%
    • New Zealand Govt 200935 2.50 Indexed Bond

      New Zealand NZ Fixed Interest AAA

      1.41%
    • New Zealand Government 150530 4.50 Gb

      New Zealand NZ Fixed Interest AAA

      1.38%
    Type Target Actual
    Cash and Cash Equivalents 17.5% 12.37%
    New Zealand Fixed Interest 31.5% 32.05%
    International Fixed Interest 23.0% 23.73%
    Australasian Equities 5.0% 3.98%
    International Equities 23.0% 21.22%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% 4.54%
    Commodities 0.0% 2.11%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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 2025 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.

Issues of Concern

  • 0.38% Animal Cruelty
  • 0.85% Human Rights Violations
  • 0.15% Social Harm
  • 3.21% Fossil Fuels
  • 0.08% Weapons
  • 0.52% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • The Sherwin-Williams Co.
      0.13%
      0.13%
    • Novozymes A/S
      0.05%
      0.05%
    • Church & Dwight Co., Inc.
      0.03%
      0.03%
    • L'Oréal SA
      0.03%
      0.03%
    • Ecolab, Inc.
      0.02%
      0.02%
    • Givaudan SA
      0.02%
      0.02%
    • Akzo Nobel Nv
      0.01%
      0.01%
    • Groupe Bruxelles Lambert SA
      0.01%
      0.01%
    • Hermès International Sca
      0.01%
      0.01%
    • PPG Industries, Inc.
      0.01%
      0.01%
    • Ultrapar Participaçoes SA
      0.01%
      0.01%
  • Human Rights Violations

    • 0.36%
    • 0.14%
    • Wells Fargo
      0.06%
      0.06%
    • Alstom S.A
      0.04%
      0.04%
    • Rio Tinto
      0.02%
      0.02%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • Grupo México S.A.B. De C.V.
      0.01%
      0.01%
    • Mtn Group Limited
      0.01%
      0.01%
    • 0.01%
    • UBS
      0.01%
      0.01%
    • Zijin Mining
      0.01%
      0.01%
  • Fossil Fuels

    • Nextera Energy, Inc.
      0.21%
      0.21%
    • Contact Energy Ltd.
      0.16%
      1.5°C
      This company is on a 1.5°C pathway
      0.16%
    • The Southern Co.
      0.16%
      0.16%
    • Duke Energy Corp
      0.15%
      0.15%
    • Enbridge, Inc.
      0.15%
      !!
      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
      0.15%
    • National Grid PLC
      0.11%
      !!
      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
      0.11%
    • American Electric Power Co., Inc.
      0.10%
      0.10%
    • BHP
      0.10%
      !!
      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
      0.10%
    • The Williams Cos., Inc.
      0.10%
      !!
      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
      0.10%
    • Oneok, Inc.
      0.09%
      0.09%
    • Dassault Systèmes Se
      0.08%
      0.08%
    • Dominion Energy, Inc.
      0.08%
      0.08%
    • Cheniere Energy, Inc.
      0.07%
      !!
      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
      0.07%
    • Kinder Morgan, Inc.
      0.07%
      !!
      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
      0.07%
    • Sempra Energy
      0.07%
      !!
      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
      0.07%
    • Tc Energy Corp.
      0.07%
      !!
      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
      0.07%
    • Xcel Energy, Inc.
      0.07%
      0.07%
    • Consolidated Edison, Inc.
      0.06%
      0.06%
    • Entergy Corp.
      0.06%
      0.06%
    • Pg&E Corp
      0.06%
      0.06%
    • Targa Resources Corp.
      0.06%
      0.06%
    • Wec Energy Group, Inc.
      0.06%
      0.06%
    • Fortis, 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
      0.05%
    • Tata Steel Ltd.
      0.05%
      0.05%
    • Ameren Corp.
      0.04%
      0.04%
    • Atmos Energy Corp.
      0.04%
      0.04%
    • CMS Energy Corp.
      0.04%
      0.04%
    • Centerpoint Energy, Inc.
      0.04%
      0.04%
    • Firstenergy Corp.
      0.04%
      0.04%
    • Pembina Pipeline Corp.
      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
      0.04%
    • Ppl Corp.
      0.04%
      0.04%
    • Alliant Energy Corp.
      0.03%
      0.03%
    • Emera, Inc.
      0.03%
      0.03%
    • 0.03%
    • Nisource, Inc.
      0.03%
      0.03%
    • Royal Vopak Nv
      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
      0.03%
    • Bkw AG
      0.02%
      0.02%
    • Centrica PLC
      0.02%
      0.02%
    • Channel Infrastructure
      0.02%
      0.02%
    • Clp Holdings Ltd.
      0.02%
      0.02%
    • Evergy, Inc.
      0.02%
      0.02%
    • Pinnacle West Capital Corp.
      0.02%
      0.02%
    • Rio Tinto
      0.02%
      0.02%
    • Snam Spa
      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
      0.02%
    • The Kansai Electric Power Co., Inc.
      0.02%
      0.02%
    • Tokyo Gas Co., 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
      0.02%
    • Acwa Power
      0.01%
      0.01%
    • Algonquin Power & Utilities Corp.
      0.01%
      0.01%
    • Ampol Ltd.
      0.01%
      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
      0.01%
    • Black Hills Corp.
      0.01%
      0.01%
    • Brookfield Infrastructure Partners LP
      0.01%
      0.01%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • Cez As
      0.01%
      0.01%
    • China Merchants Energy Shipping Co., Ltd.
      0.01%
      0.01%
    • China Resources Power Holdings Co., Ltd.
      0.01%
      0.01%
    • Chubu Electric Power Co., Inc.
      0.01%
      0.01%
    • Edp-Energias De Portugal SA
      0.01%
      1.5°C
      This company is on a 1.5°C pathway
      0.01%
    • Grupo México S.A.B. De C.V.
      0.01%
      0.01%
    • Hd Hyundai Co., Ltd.
      0.01%
      0.01%
    • Hera Spa
      0.01%
      0.01%
    • Hong Kong & China Gas Co. Ltd.
      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
      0.01%
    • Idacorp, Inc.
      0.01%
      0.01%
    • Korea Electric Power Corporation (Kepco)
      0.01%
      0.01%
    • Kyushu Electric Power Co., Inc.
      0.01%
      0.01%
    • Mge Energy, Inc.
      0.01%
      0.01%
    • Northwestern Corp.
      0.01%
      0.01%
    • Oge Energy Corp.
      0.01%
      0.01%
    • Origin 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
      0.01%
    • Osaka Gas
      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
      0.01%
    • Petronas Dagangan Bhd.
      0.01%
      0.01%
    • Pnm Resources, Inc.
      0.01%
      0.01%
    • Portland General Electric Co.
      0.01%
      0.01%
    • Power Assets Holdings Ltd.
      0.01%
      0.01%
    • Qatar Gas Transport Co.
      0.01%
      0.01%
    • South32 Ltd.
      0.01%
      0.01%
    • Spire Inc.
      0.01%
      0.01%
    • Tohoku Electric Power Co., Inc.
      0.01%
      0.01%
    • Viva Energy Group Ltd.
      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
      0.01%
    • Weg SA
      0.01%
      0.01%
  • Weapons

    • Amphenol Corp.
      0.04%
      0.04%
    • Teledyne Technologies, Inc.
      0.02%
      0.02%
    • Embraer SA
      0.01%
      0.01%
    • Hanwha Aerospace Co., Ltd.
      0.01%
      0.01%
  • Environmental Harm

    • Fonterra
      0.18%
      0.18%
    • Duke Energy Corp
      0.15%
      0.15%
    • BHP
      0.10%
      !!
      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
      0.10%
    • Pg&E Corp
      0.06%
      0.06%
    • PepsiCo
      0.01%
      0.01%
    • Southern Copper Corporation
      0.01%
      0.01%
    • Zijin Mining
      0.01%
      0.01%

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 72% income assets and 28% growth assets.

Value $503M NZD
Period of data report 31st March 2025
Fund started 12th Oct. 2007
Total annual fund fees 0.96%
Total performance based fees 0.0%
Manager's basic fee 0.93%
Other management and administration charges 0.03%
Total other charges 0.0
Total other charges currency NZD

Frank Jasper

Currently: Investment Committee member (2 years, 8 months)
Previously: Chief Investment Officer, Fisher Funds (previous position) (4 years, 0 months)

Jax Mitchell

Currently: Investment Committee member (2 years, 5 months)
Previously: GM Wealth, Insurance & Partnerships, ASB Bank (current position) (2 years, 5 months)

Stephen Moir

Currently: Investment Committee Chairman (1 years, 10 months)
Previously: Investment Committee member (4 years, 2 months)

Jonathan Oram

Currently: Investment Committee member (0 years, 11 months)
Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 5 months)

Justine Sefton

Currently: Investment Committee member (2 years, 8 months)
Previously: Member/Deputy-Chair of the Impact Investment Network Aotearoa NZ (current position) (4 years, 10 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 3.79% 4.92%
2024 5.86% 6.65%
2023 -1.56% -1.69%
2022 -0.50% -2.32%
2021 8.70% 8.78%
2020 -0.05% -0.3%
2019 4.31% 5.55%
2018 3.39% 3.66%
2017 3.28% 4.03%
2016 2.92% 3.39%

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 31st March 2025.

Top 10 Investments

  • Westpac Deposit Acc

    New Zealand Cash and Equivalents A-1+

    5.09%
  • BNZ Deposit Acc

    New Zealand Cash and Equivalents A-1+

    3.24%
  • ASB Bank Ltd 150525 Rcd

    New Zealand Cash and Equivalents A-1+

    2.24%
  • Ishares Physical Gold Etc

    United Kingdom Other

    2.09%
  • New Zealand Government 200429 3.0 Gb

    New Zealand NZ Fixed Interest AAA

    1.99%
  • New Zealand Government 150427 4.50 Gb

    New Zealand NZ Fixed Interest AAA

    1.85%
  • New Zealand Government 140433 3.50 Gb

    New Zealand NZ Fixed Interest AAA

    1.49%
  • New Zealand Government 150528 0.25 Gb

    New Zealand NZ Fixed Interest AAA

    1.42%
  • New Zealand Govt 200935 2.50 Indexed Bond

    New Zealand NZ Fixed Interest AAA

    1.41%
  • New Zealand Government 150530 4.50 Gb

    New Zealand NZ Fixed Interest AAA

    1.38%
Type Target Actual
Cash and Cash Equivalents 17.5% 12.37%
New Zealand Fixed Interest 31.5% 32.05%
International Fixed Interest 23.0% 23.73%
Australasian Equities 5.0% 3.98%
International Equities 23.0% 21.22%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 4.54%
Commodities 0.0% 2.11%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.