ASB Balanced Fund

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Not Mindful
Type: Balanced fund
Past Returns: 3.15%

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

Annual Fees: 1.15%

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

Aes Corp 0.01%
Alliant Energy Corp 0.01%
Ameren Corporation 0.01%
American Electric Power 0.03%
Anglo American PLC 0.01%
Apa Group 0.11%
Archer-Daniels-Midland Co 0.01%
Beach Energy Ltd 0.02%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.75%
BHP Group PLC 0.02%
BP Capital Markets PLC 3.814 10/02/2024 0.01%
BP PLC 0.06%
Caltex Australia Ltd 0.05%
Canadian Natural Resources 0.01%
Cheniere Energy Inc 0.01%
Chevron Corp 0.09%
Chevron Corp 3.191 24/06/2023 0.01%
China Petroleum & Chemical-H 0.01%
China Shenhua Energy Co-H 0.01%
Clp Holdings Ltd 0.01%
Cms Energy Corp 0.01%
Cnooc Ltd 0.02%
Cnooc Nexen Finance 2014 Ulc 4.25 30/04/2024 0.01%
Concho Resources Inc 0.01%
Conocophillips 0.02%
Conocophillips 6.5 01/02/2039 0.01%
Cooper Energy Ltd 0.01%
Dominion Energy Incorporated 0.04%
Dte Energy Company 0.01%
Ecopetrol SA 5.875 18/09/2023 0.01%
Emera Inc 0.01%
Enbridge Inc 0.04%
Energy Transfer Partners Lp 4.95 15/06/2028 0.01%
Engie 0.01%
Eni Spa 0.02%
Eog Resources Inc 0.01%
Equinor Asa 0.01%
Evergy Inc 0.01%
Exxon Mobil Corp 2.44 16/08/2029 0.01%
Exxon Mobil Corporation 0.10%
Firstenergy Corp 0.01%
Gazprom PJSC 0.03%
Glencore PLC 0.01%
Hess Corp 0.01%
Jxtg Holdings Inc 0.01%
Kinder Morgan Energy Partners Lp 3.95 01/09/2022 0.01%
Kinder Morgan Inc 0.02%
Lukoil PJSC 0.03%
Marathon Petroleum Corp 0.01%
Marubeni Corp 0.01%
Mplx Lp 4.125 01/03/2027 0.01%
Neste Oyj 0.01%
New Hope Corp Ltd 0.01%
Nextera Energy Inc 0.08%
Novatek PJSC-Spons Gdr Reg S 0.01%
Ntpc Ltd 4.25 26/02/2026 0.01%
Occidental Petroleum Corp 0.01%
Oil Search Ltd 0.02%
OMV AG 3.5 27/09/2027 0.01%
Oneok Inc 0.01%
Origin Energy Ltd 0.07%
Pacificorp 5.75 01/04/2037 0.01%
Pembina Pipeline Corp 0.01%
Petrobras - Petroleo Bras 0.01%
Petrobras - Petroleo Bras-Pr 0.01%
Petrochina Co Ltd-H 0.01%
Petroleos Mexicanos 6.75 21/09/2047 0.02%
Phillips 66 0.02%
Pioneer Natural Resources Co 0.01%
Reliance Industries Ltd 0.05%
Repsol SA 0.01%
Rosneft Oil Co PJSC 0.01%
Royal Dutch Shell PLC 'A' Ord 0.05%
Royal Dutch Shell PLC-B Shs 0.04%
Rwe AG 0.01%
Santos Ltd 0.05%
Shell International Finance Bv 4.125 11/05/2035 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Snam Spa 0.01%
South32 Ltd 0.08%
Suez 1.5 03/04/2029 0.01%
Suncor Energy Inc 0.02%
Tatneft PJSC 0.01%
Tenaga Nasional Bhd 0.01%
Total Capital International SA 2.875 19/11/2025 0.01%
Total SA 0.06%
Valero Energy Corp 0.01%
Viva Energy Group Ltd 0.01%
Washington H. Soul Pattinson 0.02%
Wec Energy Group Inc 0.02%
Whitehaven Coal Ltd 0.02%
Williams Cos Inc 0.01%
Woodside Petroleum Ltd 0.15%
Xcel Energy Inc 0.02%

Weapons

Bae Systems PLC 0.01%
Boeing Co/The 6.875 15/03/2039 0.01%
General Dynamics Corp 0.02%
L3 Harris Technologies Inc 0.03%
Leidos Holdings Inc 0.01%
Mitsubishi Heavy Industries Ltd 0.01%
Raytheon Company 0.02%
Rolls-Royce Holdings PLC 0.01%
Teledyne Technologies Incorporated 0.01%
Thales SA 0.01%
The Boeing Company 0.05%
Transdigm Group Inc 0.01%
United Technologies Corp 0.05%
United Technologies Corp 4.625 16/11/2048 0.01%

Gambling

Aristocrat Leisure Ltd 0.12%
Crown Resorts Ltd 0.02%
Galaxy Entertainment Group L 0.01%
Las Vegas Sands Corp 0.01%
Sands China Ltd 0.01%
Skycity Entertainment Group 0.24%
Tabcorp Holdings Ltd 0.04%
The Star Entertainment Group Ltd 0.02%

Alcohol

Ambev SA 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch 4.7 01/02/2036 0.01%
Anheuser-Busch Inbev SA/Nv 0.02%
Anheuser-Busch Inbev Worldwide Inc 5.8 23/01/2059 0.01%
Asahi Group Holdings Ltd 0.01%
Brown-Forman Corp-Class B 0.01%
Carlsberg As-B 0.01%
China Resources Beer Holdings Co Ltd 0.01%
Constellation Brands Inc-A 0.02%
Diageo PLC 0.05%
Graincorp Ltd 0.01%
Heineken Holding Nv 0.01%
Heineken Nv 0.01%
Kirin Holdings Co Ltd 0.01%
Kweichow Moutai Co Ltd 0.01%
LVMH Moet Hennessy Vuitton ( Se ) 0.07%
Metcash Ltd 0.02%
Pernod-Ricard SA 0.02%
Treasury Wine Estates Ltd 0.06%

Palm Oil

Astra International Tbk Pt 0.01%
Posco 0.01%

GMOs

Basf Se 0.03%
Bayer AG-Reg 0.04%
Dowdupont Inc 0.02%
Novartis AG-Reg 0.11%
Novartis Capital Corp 3 20/11/2025 0.01%
Novozymes A/S-B Shares 0.01%
Nutrien Ltd 0.01%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.01%
Astra International Tbk Pt 0.01%
Barrick Gold Corp 0.02%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.75%
BHP Group PLC 0.02%
Chevron Corp 0.09%
Duke Energy Corp 0.04%
Essity Aktiebo-B 0.01%
Freeport-Mcmoran Inc 0.01%
Glencore PLC 0.01%
Grupo Mexico Sab 0.01%
Johnson & Johnson 0.22%
Mining and Metallurgical Company Norilsk Nickel Ojsc 0.02%
Nestle SA-Reg 0.19%
Nutrien Ltd 0.01%
Petrochina Co Ltd-H 0.01%
Posco 0.01%
Rio Tinto Ltd 0.28%
Rio Tinto PLC 0.03%
Royal Dutch Shell PLC 'A' Ord 0.05%
Royal Dutch Shell PLC-B Shs 0.04%
Sempra Energy 0.02%
Shell International Finance Bv 4.125 11/05/2035 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Vale Overseas Ltd 6.875 21/11/2036 0.01%
Vale SA 0.03%

Animal Testing

Air Liquide SA 0.040%
Air Products & Chemicals Inc 0.030%
Akzo Nobel 0.010%
Archer-Daniels-Midland Co 0.010%
Associated British Foods PLC 0.010%
Basf Se 0.030%
Bayer AG-Reg 0.040%
Beiersdorf AG 0.010%
Burberry Group PLC 0.010%
Chevron Corp 0.090%
Church & Dwight Co Inc 0.010%
Clorox Company 0.010%
Coca-Cola Co 0.110%
Coca-Cola Co/The 1.55 01/09/2021 0.010%
Coca-Cola European Partners PLC 0.010%
Colgate-Palmolive Company 0.040%
Croda International PLC 0.010%
Dowdupont Inc 0.020%
Ecolab Inc 0.030%
Essity Aktiebo-B 0.010%
Estee Lauder Companies-Cl A 0.020%
Fmc Corp 0.010%
General Mills Inc 0.020%
Givaudan-Reg 0.020%
Glaxosmithkline PLC 0.060%
Groupe Danone 0.030%
Henkel AG & Co Kgaa 0.010%
Henkel AG & Co Kgaa Vorzug 0.010%
Hindustan Unilever Ltd 0.020%
Intl Flavors & Fragrances 0.010%
Johnson & Johnson 0.220%
Kimberly-Clark Corp 0.030%
Koninklijke Dsm Nv 0.010%
L'Oreal 0.040%
LVMH Moet Hennessy Vuitton ( Se ) 0.070%
Nestle SA-Reg 0.190%
Novozymes A/S-B Shares 0.010%
Pepsico Inc 0.110%
Pepsico Inc 2.375 06/10/2026 0.010%
Pepsico Inc 3.45 06/10/2046 0.010%
PPG Industries Inc 0.010%
Procter & Gamble Co 0.170%
Reckitt Benckiser 0.040%
Royal Dutch Shell PLC 'A' Ord 0.050%
Royal Dutch Shell PLC-B Shs 0.040%
Shell International Finance Bv 4.125 11/05/2035 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Shiseido Co Ltd 0.020%
Symrise AG 0.010%
Tesco PLC 0.020%
Unilever Capital Corp 2 28/07/2026 0.010%
Unilever Nv 0.050%
Unilever PLC 0.040%
Walgreens Boots Alliance Inc 0.020%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 and research organisations.

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% -3.5%
2019 4.44% 6.57%
2018 4.90% 6.38%
2017 5.60% 7.42%
2016 3.06% 3.12%
2015 8.56% 12.48%
2014 6.13% 6.66%
2013 8.77% 9.29%
2012 0.50% -0.49%
2011 6.26% 5.93%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    3.37%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities
    2.55%
  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    1.84%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    1.82%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.38%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.28%
  • CSL Ltd
    Australia Australasian Equities
    1.0%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    0.99%
  • Commonwealth Bank Of Australia
    Australia Australasian Equities
    0.95%
  • Ryman Healthcare Ltd
    New Zealand Australasian Equities
    0.88%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 4.0% 5.21%
New Zealand Fixed Interest 15.0% 10.17%
International Fixed Interest 21.0% 23.59%
Australasian Equities 29.0% 32.54%
International Equities 26.0% 27.5%
Listed Properties 5.0% 0.99%
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 Tue June 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:
    0.38%
  • Animal Testing:
    1.96%
  • Fossil Fuels:
    2.87%
  • Gambling:
    0.47%
  • GMOs:
    0.23%
  • Human Rights & Environmental Violations:
    1.94%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.00%
  • Weapons:
    0.27%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 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 to high total returns allowing for moderate to high movements of value up and down. The number of years with negative returns are generally expected to be higher than the Moderate Fund but lower than the Growth 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 Balanced Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets."

Value $370M NZD
Period of data report Tue June 30th 2020
Members 2,607
Fund started Thu Oct. 11th 2007
Total annual fund fees 1.15%
Total performance based fees 0.0%
Manager's basic fee 1.1%
Administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Nigel Annett

Currently: Investment Committee member (6 years, 3 months)
Previously: Executive GM Corporate Banking ASB Bank (current position) (1 years, 8 months)

Jonathan Beale

Currently: Investment Committee member (5 years, 10 months)
Previously: General Manager Wealth & Insurance Distribution ASB Bank (current position) (0 years, 8 months)

Adam Boyd

Currently: Investment Committee member (4 years, 1 months)
Previously: Executive GM Private Banking Wealth & Insurance ASB Bank (current position) (4 years, 1 months)

Graeme Edwards

Currently: Investment Committee Chairman (0 years, 8 months)
Previously: Investment Committee member (8 years, 6 months)

John Smith

Currently: Investment Committee member (9 years, 1 months)
Previously: Head of Asset Management; and Acting General Manager Private Banking Wealth & Insurance Product ASB Bank (current position) (8 years, 1 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.