Funds

ASB Moderate Fund

Total Ethical Concerns: 5.70%

The average total concerns of all managed balanced funds is 8.32%.

Companies of Concern

  • Animal Cruelty 0.45%

    • The Sherwin-Williams Co.
      0.16%
      0.16%
    • Novozymes A/S
      0.06%
      0.06%
    • L'Oréal SA
      0.04%
      0.04%
    • Church & Dwight Co., Inc.
      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%
    • Orica Ltd.
      0.01%
      0.01%
    • PPG Industries, Inc.
      0.01%
      0.01%
    • Ultrapar Participaçoes SA
      0.01%
      0.01%
  • Human Rights Violations 1.03%

    • 0.43%
    • 0.18%
    • Wells Fargo
      0.07%
      0.07%
    • Alstom S.A
      0.05%
      0.05%
    • Rio Tinto
      0.03%
      0.03%
    • 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%
    • Ubs
      0.01%
      0.01%
    • Zijin Mining
      0.01%
      0.01%
  • Social Harm 0.21%

  • Fossil Fuels 3.77%

    • Contact Energy Ltd.
      0.26%
      1.5°C
      This company is on a 1.5°C pathway
      0.26%
    • Nextera Energy, Inc.
      0.24%
      0.24%
    • The Southern Co.
      0.18%
      0.18%
    • Duke Energy Corp
      0.17%
      0.17%
    • Enbridge, Inc.
      0.16%
      !!
      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
      0.16%
    • BHP
      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
      0.12%
      !!
      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
      0.12%
    • The Williams Cos., Inc.
      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%
    • Dassault Systèmes Se
      0.10%
      0.10%
    • Dominion Energy, Inc.
      0.09%
      0.09%
    • Oneok, Inc.
      0.09%
      0.09%
    • Cheniere Energy, Inc.
      0.08%
      !!
      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
      0.08%
    • Kinder Morgan, Inc.
      0.08%
      !!
      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
      0.08%
    • Sempra Energy
      0.08%
      !!
      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
      0.08%
    • Tc Energy Corp.
      0.08%
      !!
      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
      0.08%
    • Consolidated Edison, Inc.
      0.07%
      0.07%
    • Pg&E Corp
      0.07%
      0.07%
    • Tata Steel Ltd.
      0.07%
      0.07%
    • Xcel Energy, Inc.
      0.07%
      0.07%
    • Entergy Corp.
      0.06%
      0.06%
    • Targa Resources Corp.
      0.06%
      0.06%
    • Wec Energy Group, Inc.
      0.06%
      0.06%
    • Ameren Corp.
      0.05%
      0.05%
    • 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%
    • Ppl Corp.
      0.05%
      0.05%
    • Atmos Energy Corp.
      0.04%
      0.04%
    • Cms Energy Corp.
      0.04%
      0.04%
    • Centerpoint Energy, Inc.
      0.04%
      0.04%
    • Channel Infrastructure
      0.04%
      0.04%
    • Firstenergy Corp.
      0.04%
      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%
    • Alliant Energy Corp.
      0.03%
      0.03%
    • Bkw AG
      0.03%
      0.03%
    • Emera, Inc.
      0.03%
      0.03%
    • Evergy, Inc.
      0.03%
      0.03%
    • Nisource, Inc.
      0.03%
      0.03%
    • Rio Tinto
      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%
    • Ampol Ltd.
      0.02%
      0.02%
    • 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
      0.02%
    • Centrica PLC
      0.02%
      0.02%
    • Clp Holdings Ltd.
      0.02%
      0.02%
    • Hong Kong & China 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%
    • Oge Energy Corp.
      0.02%
      0.02%
    • Pinnacle West Capital Corp.
      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%
    • Agl Energy Ltd.
      0.01%
      0.01%
    • Algonquin Power & Utilities Corp.
      0.01%
      0.01%
    • Allete, Inc.
      0.01%
      0.01%
    • Avista Corp.
      0.01%
      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%
    • Enn Clean Energy International Investment Ltd.
      0.01%
      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%
    • 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%
    • Naturgy Energy Group SA
      0.01%
      0.01%
    • Northwestern Corp.
      0.01%
      0.01%
    • Orica Ltd.
      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%
    • Posco
      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%
    • 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%
    • Washington H. Soul Pattinson & Co. Ltd.
      0.01%
      0.01%
    • Weg SA
      0.01%
      0.01%
  • Weapons 0.1%

    • Amphenol Corp.
      0.05%
      0.05%
    • Teledyne Technologies, Inc.
      0.02%
      0.02%
    • Embraer SA
      0.01%
      0.01%
    • Hanwha Aerospace Co., Ltd.
      0.01%
      0.01%
    • Korea Aerospace Industries Ltd.
      0.01%
      0.01%
  • Environmental Harm 0.61%

    • Fonterra
      0.18%
      0.18%
    • Duke Energy Corp
      0.17%
      0.17%
    • BHP
      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%
    • Pg&E Corp
      0.07%
      0.07%
    • Minerva
      0.01%
      0.01%
    • Posco
      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%
    • 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 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 64% income assets and 36% growth assets.

    Value $796M NZD
    Period of data report 31st March 2025
    Fund started 11th Oct. 2007
    Total annual fund fees 1.01%
    Total performance based fees 0.0%
    Manager's basic fee 0.98%
    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 4.02% 5.16%
    2024 9.97% 8.07%
    2023 -2.59% -2.03%
    2022 1.06% -1.4%
    2021 18.16% 11.73%
    2020 -1.83% -2.19%
    2019 4.49% 5.63%
    2018 4.41% 4.54%
    2017 5.71% 4.98%
    2016 3.06% 3.4%

    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+

      2.97%
    • New Zealand Government 200429 3.0 Gb

      New Zealand NZ Fixed Interest AAA

      2.13%
    • Ishares Physical Gold Etc

      United Kingdom Other

      2.06%
    • New Zealand Government 150427 4.50 Gb

      New Zealand NZ Fixed Interest AAA

      1.98%
    • BNZ Deposit Acc

      New Zealand Cash and Equivalents A-1+

      1.89%
    • New Zealand Government 140433 3.50 Gb

      New Zealand NZ Fixed Interest AAA

      1.6%
    • New Zealand Government 150528 0.25 Gb

      New Zealand NZ Fixed Interest AAA

      1.53%
    • New Zealand Government 150530 4.50 Gb

      New Zealand NZ Fixed Interest AAA

      1.48%
    • ASB Bank Account NZD

      New Zealand Cash and Equivalents A-1+

      1.35%
    • ASB Bank Ltd 150525 Rcd

      New Zealand Cash and Equivalents A-1+

      1.31%
    Type Target Actual
    Cash and Cash Equivalents 10.5% 7.26%
    New Zealand Fixed Interest 30.0% 31.89%
    International Fixed Interest 23.5% 20.68%
    Australasian Equities 8.0% 6.44%
    International Equities 28.0% 26.61%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% 5.02%
    Commodities 0.0% 2.1%

    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

  • 0.45% Animal Cruelty
  • 1.03% Human Rights Violations
  • 0.21% Social Harm
  • 3.77% Fossil Fuels
  • 0.1% Weapons
  • 0.61% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • The Sherwin-Williams Co.
      0.16%
      0.16%
    • Novozymes A/S
      0.06%
      0.06%
    • L'Oréal SA
      0.04%
      0.04%
    • Church & Dwight Co., Inc.
      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%
    • Orica Ltd.
      0.01%
      0.01%
    • PPG Industries, Inc.
      0.01%
      0.01%
    • Ultrapar Participaçoes SA
      0.01%
      0.01%
  • Human Rights Violations

    • 0.43%
    • 0.18%
    • Wells Fargo
      0.07%
      0.07%
    • Alstom S.A
      0.05%
      0.05%
    • Rio Tinto
      0.03%
      0.03%
    • 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%
    • Ubs
      0.01%
      0.01%
    • Zijin Mining
      0.01%
      0.01%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.26%
      1.5°C
      This company is on a 1.5°C pathway
      0.26%
    • Nextera Energy, Inc.
      0.24%
      0.24%
    • The Southern Co.
      0.18%
      0.18%
    • Duke Energy Corp
      0.17%
      0.17%
    • Enbridge, Inc.
      0.16%
      !!
      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
      0.16%
    • BHP
      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
      0.12%
      !!
      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
      0.12%
    • The Williams Cos., Inc.
      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%
    • Dassault Systèmes Se
      0.10%
      0.10%
    • Dominion Energy, Inc.
      0.09%
      0.09%
    • Oneok, Inc.
      0.09%
      0.09%
    • Cheniere Energy, Inc.
      0.08%
      !!
      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
      0.08%
    • Kinder Morgan, Inc.
      0.08%
      !!
      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
      0.08%
    • Sempra Energy
      0.08%
      !!
      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
      0.08%
    • Tc Energy Corp.
      0.08%
      !!
      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
      0.08%
    • Consolidated Edison, Inc.
      0.07%
      0.07%
    • Pg&E Corp
      0.07%
      0.07%
    • Tata Steel Ltd.
      0.07%
      0.07%
    • Xcel Energy, Inc.
      0.07%
      0.07%
    • Entergy Corp.
      0.06%
      0.06%
    • Targa Resources Corp.
      0.06%
      0.06%
    • Wec Energy Group, Inc.
      0.06%
      0.06%
    • Ameren Corp.
      0.05%
      0.05%
    • 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%
    • Ppl Corp.
      0.05%
      0.05%
    • Atmos Energy Corp.
      0.04%
      0.04%
    • Cms Energy Corp.
      0.04%
      0.04%
    • Centerpoint Energy, Inc.
      0.04%
      0.04%
    • Channel Infrastructure
      0.04%
      0.04%
    • Firstenergy Corp.
      0.04%
      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%
    • Alliant Energy Corp.
      0.03%
      0.03%
    • Bkw AG
      0.03%
      0.03%
    • Emera, Inc.
      0.03%
      0.03%
    • Evergy, Inc.
      0.03%
      0.03%
    • Nisource, Inc.
      0.03%
      0.03%
    • Rio Tinto
      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%
    • Ampol Ltd.
      0.02%
      0.02%
    • 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
      0.02%
    • Centrica PLC
      0.02%
      0.02%
    • Clp Holdings Ltd.
      0.02%
      0.02%
    • Hong Kong & China 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%
    • Oge Energy Corp.
      0.02%
      0.02%
    • Pinnacle West Capital Corp.
      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%
    • Agl Energy Ltd.
      0.01%
      0.01%
    • Algonquin Power & Utilities Corp.
      0.01%
      0.01%
    • Allete, Inc.
      0.01%
      0.01%
    • Avista Corp.
      0.01%
      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%
    • Enn Clean Energy International Investment Ltd.
      0.01%
      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%
    • 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%
    • Naturgy Energy Group SA
      0.01%
      0.01%
    • Northwestern Corp.
      0.01%
      0.01%
    • Orica Ltd.
      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%
    • Posco
      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%
    • 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%
    • Washington H. Soul Pattinson & Co. Ltd.
      0.01%
      0.01%
    • Weg SA
      0.01%
      0.01%
  • Weapons

    • Amphenol Corp.
      0.05%
      0.05%
    • Teledyne Technologies, Inc.
      0.02%
      0.02%
    • Embraer SA
      0.01%
      0.01%
    • Hanwha Aerospace Co., Ltd.
      0.01%
      0.01%
    • Korea Aerospace Industries Ltd.
      0.01%
      0.01%
  • Environmental Harm

    • Fonterra
      0.18%
      0.18%
    • Duke Energy Corp
      0.17%
      0.17%
    • BHP
      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%
    • Pg&E Corp
      0.07%
      0.07%
    • Minerva
      0.01%
      0.01%
    • Posco
      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%
    • Southern Copper Corporation
      0.01%
      0.01%
    • Zijin Mining
      0.01%
      0.01%

About this Fund

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 64% income assets and 36% growth assets.

Value $796M NZD
Period of data report 31st March 2025
Fund started 11th Oct. 2007
Total annual fund fees 1.01%
Total performance based fees 0.0%
Manager's basic fee 0.98%
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 4.02% 5.16%
2024 9.97% 8.07%
2023 -2.59% -2.03%
2022 1.06% -1.4%
2021 18.16% 11.73%
2020 -1.83% -2.19%
2019 4.49% 5.63%
2018 4.41% 4.54%
2017 5.71% 4.98%
2016 3.06% 3.4%

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+

    2.97%
  • New Zealand Government 200429 3.0 Gb

    New Zealand NZ Fixed Interest AAA

    2.13%
  • Ishares Physical Gold Etc

    United Kingdom Other

    2.06%
  • New Zealand Government 150427 4.50 Gb

    New Zealand NZ Fixed Interest AAA

    1.98%
  • BNZ Deposit Acc

    New Zealand Cash and Equivalents A-1+

    1.89%
  • New Zealand Government 140433 3.50 Gb

    New Zealand NZ Fixed Interest AAA

    1.6%
  • New Zealand Government 150528 0.25 Gb

    New Zealand NZ Fixed Interest AAA

    1.53%
  • New Zealand Government 150530 4.50 Gb

    New Zealand NZ Fixed Interest AAA

    1.48%
  • ASB Bank Account NZD

    New Zealand Cash and Equivalents A-1+

    1.35%
  • ASB Bank Ltd 150525 Rcd

    New Zealand Cash and Equivalents A-1+

    1.31%
Type Target Actual
Cash and Cash Equivalents 10.5% 7.26%
New Zealand Fixed Interest 30.0% 31.89%
International Fixed Interest 23.5% 20.68%
Australasian Equities 8.0% 6.44%
International Equities 28.0% 26.61%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 5.02%
Commodities 0.0% 2.1%

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.