ASB Moderate Fund

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Not Mindful
Type: Balanced fund
Past Returns: 2.66%

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

Annual Fees: 1.09%

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

Ampol Ltd 0.04%
Apa Group 0.08%
Basf Se 0.01%
Beach Energy Ltd 0.01%
BHP Group Ltd 0.72%
BHP Group PLC 0.01%
BP PLC 0.01%
Brickworks Ltd 0.01%
Chevron Corp 0.02%
Cnooc Ltd 0.01%
Cnooc Nexen Finance 2014 Ulc 4.25 30/04/2024 0.01%
Coca-Cola Amatil Ltd 0.03%
Coca-Cola Co 0.02%
Dominion Energy Incorporated 0.01%
Enbridge Inc 0.01%
Enel Spa 0.01%
Exxon Mobil Corporation 0.02%
Gazprom PJSC 0.01%
Genesis Energy Ltd 0.21%
Iberdrola SA 0.01%
Lukoil PJSC 0.01%
New World Development 0.02%
Nextera Energy Inc 0.02%
Norfolk Southern Corp 0.01%
Oil Search Ltd 0.03%
Origin Energy Ltd 0.05%
Petrobras - Petroleo Bras-Pr 0.01%
Reliance Industries Ltd 0.02%
Rio Tinto Ltd 0.24%
Rio Tinto PLC 0.01%
Royal Dutch Shell PLC 'A' Ord 0.01%
Santos Ltd 0.06%
Saudi Arabian Oil Co 0.01%
South32 Ltd 0.07%
Total Se 0.01%
Vale SA 0.01%
Viva Energy Group Ltd 0.01%
Washington H. Soul Pattinson 0.02%
Whitehaven Coal Ltd 0.01%
Woodside Petroleum Ltd 0.12%

Weapons

Boeing Co/The 5.15 01/05/2030 0.01%
Boeing Co/The 5.805 01/05/2050 0.01%
The Boeing Company 0.01%

Gambling

Aristocrat Leisure Ltd 0.13%
Crown Resorts Ltd 0.02%
Gaming and Leisure Properties Inc 0.02%
Skycity Entertainment Group 0.32%
Tabcorp Holdings Ltd 0.05%
The Star Entertainment Group Ltd 0.02%
Vici Properties Inc 0.04%

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%
Coca-Cola Amatil Ltd 0.03%
Diageo PLC 0.01%
Graincorp Ltd 0.01%
Kweichow Moutai Co Ltd 0.01%
LVMH Moet Hennessy Vuitton ( Se ) 0.02%
Metcash Ltd 0.02%
Treasury Wine Estates Ltd 0.05%

Human Rights & Environmental Violations

Barrick Gold Corp 0.01%
BHP Group Ltd 0.72%
BHP Group PLC 0.01%
Chevron Corp 0.02%
Duke Energy Corp 0.01%
Johnson & Johnson 0.04%
Mining and Metallurgical Company Norilsk Nickel Ojsc 0.01%
Nestle SA-Reg 0.04%
Rio Tinto Ltd 0.24%
Rio Tinto PLC 0.01%
Royal Dutch Shell PLC 'A' Ord 0.01%
Vale SA 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 Amatil Ltd 0.030%
Coca-Cola Co 0.020%
Colgate-Palmolive Company 0.010%
Ecolab Inc 0.010%
Estee Lauder Companies-Cl A 0.010%
Glaxosmithkline PLC 0.010%
Johnson & Johnson 0.040%
Kimberly-Clark Corp 0.010%
L'Oreal 0.010%
Linde PLC 0.010%
LVMH Moet Hennessy Vuitton ( Se ) 0.020%
Mondelez International - W/I 0.010%
Nestle SA-Reg 0.040%
Nufarm Ltd 0.010%
Pepsico Inc 0.020%
Procter & Gamble Co 0.040%
Reckitt Benckiser 0.010%
Reliance Industries Ltd 0.020%
Royal Dutch Shell PLC 'A' Ord 0.010%
Sherwin-Williams Co 0.010%
Shin-Etsu Chemical Co Ltd 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 Wed Sept. 30th 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, Sustainalytics and research organisations.

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
2020 -2.86% -2.19%
2019 4.44% 5.63%
2018 4.90% 4.54%
2017 5.60% 4.98%
2016 3.06% 3.4%
2015 8.56% 9.68%
2014 6.13% 4.28%
2013 8.77% 7.42%
2012 0.50% 1.19%
2011 6.26% 5.21%

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 Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    4.17%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    2.86%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    2.72%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities
    1.68%
  • Certificate Of Deposit Rcd ASB Bank 06/11/2020
    New Zealand Cash and Equivalents A-1+
    1.65%
  • Certificate Of Deposit Rcd ASB Bank 22/12/2020
    New Zealand Cash and Equivalents A-1+
    1.64%
  • New Zealand Government 5.5 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.61%
  • New Zealand Government 4.5 15/04/2027
    New Zealand NZ Fixed Interest AA+
    1.35%
  • New Zealand Government 2.75 15/04/2025
    New Zealand NZ Fixed Interest AA+
    1.32%
  • New Zealand Government 3 20/04/2029
    New Zealand NZ Fixed Interest AA+
    1.32%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 9.0% 10.67%
New Zealand Fixed Interest 21.0% 26.93%
International Fixed Interest 30.0% 21.96%
Australasian Equities 19.0% 28.69%
International Equities 19.0% 7.68%
Listed Properties 2.0% 4.07%
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 Sept. 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:
    0.17%
  • Animal Testing:
    0.46%
  • Fossil Fuels:
    2.02%
  • Gambling:
    0.60%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.13%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics 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 moderate total returns allowing for moderate movements of value up and down. The number of years with negative returns are generally expected to be higher than the Conservative Plus Fund but lower than the Balanced 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 Moderate Fund invests in income and growth assets with a target investment mix of 60% income assets and 40% growth assets."

Value $540M NZD
Period of data report Wed Sept. 30th 2020
Members 2,656
Fund started Thu Oct. 11th 2007
Total annual fund fees 1.09%
Total performance based fees 0.0%
Manager's basic fee 1.05%
Administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Annett

Currently: Investment Committee member (6 years, 6 months)
Previously: Executive GM Corporate Banking ASB Bank (current position) (1 years, 11 months)

Jonathan Beale

Currently: Investment Committee member (6 years, 1 months)
Previously: General Manager Wealth & Insurance Distribution ASB Bank (current position) (0 years, 11 months)

Adam Boyd

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

Graeme Edwards

Currently: Investment Committee Chairman (0 years, 11 months)
Previously: Investment Committee member (8 years, 9 months)

John Smith

Currently: Investment Committee member (9 years, 4 months)
Previously: Head of Asset Management; and Acting General Manager Private Banking Wealth & Insurance Product ASB Bank (current position) (8 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 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.