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: 1.14%

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 0.02%
Ampol Ltd 0.05%
Anglo American PLC 0.01%
Apa Group 0.09%
Atmos Energy Corp 0.01%
Basf Se 0.03%
Beach Energy Ltd 0.02%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.80%
BHP Group PLC 0.02%
BP Capital Markets PLC 3.814 10/02/2024 0.01%
BP PLC 0.03%
Brickworks Ltd 0.01%
Canadian Natural Resources 0.01%
Canadian Pacific Railway Ltd 0.02%
Cheniere Energy Inc 0.01%
Chevron Corp 0.07%
China Petroleum & Chemical-H 0.01%
China Shenhua Energy Co-H 0.01%
Ck Hutchison Holdings Ltd 0.01%
Clp Holdings Ltd 0.01%
Cms Energy Corp 0.01%
Cnac Hk Finbridge Co Ltd 5.125 14/03/2028 0.01%
Cnooc Ltd 0.01%
Cnooc Nexen Finance 2014 Ulc 4.25 30/04/2024 0.01%
Coca-Cola Amatil Ltd 0.04%
Coca-Cola Co 0.10%
Coca-Cola Co/The 3.45 25/03/2030 0.01%
Conocophillips 0.02%
Conocophillips 6.5 01/02/2039 0.01%
Dominion Energy Incorporated 0.04%
Dte Energy Company 0.01%
Ecopetrol SA 5.875 18/09/2023 0.01%
Edp-Energias De Portugal SA 0.01%
Electricite De France SA 1 13/10/2026 0.01%
Emera Inc 0.01%
Enbridge Inc 0.03%
Enel Finance International Nv 1.966 27/01/2025 0.01%
Enel Spa 0.04%
Eneos Holdings 0.01%
Energy Transfer Partners Lp 4.95 15/06/2028 0.01%
Engie 0.01%
Eni Spa 0.01%
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 Corp 3.452 15/04/2051 0.01%
Exxon Mobil Corporation 0.07%
Firstenergy Corp 0.01%
Fortis Inc 0.01%
Fortum Oyj 0.01%
Franco-Nevada Corp 0.01%
Gazprom PJSC 0.02%
Genesis Energy Ltd 0.23%
Glencore PLC 0.01%
Hess Corp 0.01%
Hong Kong and China Gas Company 0.01%
Iberdrola SA 0.04%
Itochu Corp 0.02%
Kansas City Southern 0.01%
Kinder Morgan Inc 0.01%
Loews Corp 0.01%
Lukoil PJSC 0.02%
Marathon Petroleum Corp 0.01%
Mitsubishi Corp 0.02%
Mitsui & Co Ltd 0.01%
Mplx Lp 4.125 01/03/2027 0.01%
Neste Oyj 0.01%
New World Development 0.01%
Nextera Energy Inc 0.07%
Norfolk Southern Corp 0.03%
Norfolk Southern Corp 2.903 15/02/2023 0.01%
Novatek PJSC-Spons Gdr Reg S 0.01%
Nrg Energy Inc 0.01%
Ntpc Ltd 4.25 26/02/2026 0.01%
Oil Search Ltd 0.04%
OMV AG 3.5 27/09/2027 0.01%
Oneok Inc 0.01%
Origin Energy Ltd 0.06%
Orix Corp 0.01%
Orix Corp 4.05 16/01/2024 0.01%
Orsted A/S 0.01%
Pembina Pipeline Corp 0.01%
Petrobras - Petroleo Bras 0.01%
Petrobras - Petroleo Bras-Pr 0.01%
Petroleos Mexicanos 6.75 21/09/2047 0.02%
Phillips 66 0.01%
Pioneer Natural Resources Co 0.01%
Posco 0.01%
Ppl Corporation 0.01%
Ptt Pcl-Nvdr 0.01%
Reliance Industries Ltd 0.04%
Repsol SA 0.01%
Rio Tinto Ltd 0.27%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC 'A' Ord 0.03%
Royal Dutch Shell PLC-B Shs 0.02%
Rwe AG 0.01%
Samsung C&T Corp 0.01%
Santos Ltd 0.07%
Saudi Arabian Oil Co 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Sk Innovation Co Ltd 0.01%
Snam Spa 0.01%
South32 Ltd 0.08%
Sse PLC 0.01%
Sumitomo Corp 0.01%
Suncor Energy Inc 0.01%
Taiwan Cement 0.01%
Tatneft PJSC 0.01%
Tc Energy Corporation 0.02%
Total Se 0.04%
Upm-Kymmene Oyj 0.01%
Vale SA 0.03%
Valero Energy Corp 0.01%
Viva Energy Group Ltd 0.01%
Washington H. Soul Pattinson 0.02%
Wec Energy Group Inc 0.02%
Weyerhaeuser Co 0.01%
Whitehaven Coal Ltd 0.01%
Williams Cos Inc 0.01%
Woodside Petroleum Ltd 0.13%
Xcel Energy Inc 0.02%

Weapons

Amphenol Corp-Cl A 0.02%
Bae Systems PLC 0.02%
Boeing Co/The 4.875 01/05/2025 0.01%
Boeing Co/The 5.15 01/05/2030 0.01%
Boeing Co/The 5.805 01/05/2050 0.01%
Boeing Co/The 5.93 01/05/2060 0.01%
Boeing Co/The 6.875 15/03/2039 0.01%
Dassault Avaition SA 0.01%
General Dynamics Corp 0.02%
Heico Corp 0.01%
Leidos Holdings Inc 0.01%
Singapore Tech Engineering 0.01%
Teledyne Technologies Incorporated 0.01%
Thales SA 0.01%
The Boeing Company 0.05%
Transdigm Group Inc 0.01%

Tobacco

Alimentation Couche-Tard -B 0.02%
Seven & I Holdings Co Ltd 0.01%

Gambling

Aristocrat Leisure Ltd 0.15%
Crown Resorts Ltd 0.02%
Flutter Entertainment PLC 0.01%
Galaxy Entertainment Group L 0.01%
Gaming and Leisure Properties Inc 0.01%
Las Vegas Sands Corp 0.01%
Mgm Resorts International 0.01%
Skycity Entertainment Group 0.36%
Tabcorp Holdings Ltd 0.06%
The Star Entertainment Group Ltd 0.02%
Vici Properties Inc 0.01%

Adult Entertainment/Pornography

Mgm Resorts International 0.01%

Alcohol

Ambev SA 0.01%
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%
Anheuser-Busch Inbev SA/Nv 0.02%
Anheuser-Busch Inbev Worldwide Inc 4.15 23/01/2025 0.01%
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%
Coca-Cola Amatil Ltd 0.04%
Constellation Brands Inc-A 0.02%
Diageo PLC 0.04%
Graincorp Ltd 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 0.05%
Wuliangye Yibin Co Ltd 0.01%

Palm Oil

Posco 0.01%

GMOs

Corteva Inc 0.01%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.01%
Barrick Gold Corp 0.02%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
BHP Group Ltd 0.80%
BHP Group PLC 0.02%
Chevron Corp 0.07%
Duke Energy Corp 0.03%
Essity Aktiebo-B 0.01%
Freeport-Mcmoran Inc 0.01%
Glencore PLC 0.01%
Grupo Mexico Sab 0.01%
Johnson & Johnson 0.20%
Mining and Metallurgical Company Norilsk Nickel Ojsc 0.01%
Nestle SA-Reg 0.18%
Nutrien Ltd 0.01%
Posco 0.01%
Rio Tinto Ltd 0.27%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC 'A' Ord 0.03%
Royal Dutch Shell PLC-B Shs 0.02%
Sempra Energy 0.02%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Vale SA 0.03%

Animal Testing

Air Liquide SA 0.040%
Air Products & Chemicals Inc 0.040%
Akzo Nobel 0.010%
Albemarle Corp 0.010%
Archer-Daniels-Midland Co 0.010%
Asahi Group Holdings Ltd 0.010%
Avantor Inc 0.010%
Basf Se 0.030%
Bayer AG-Reg 0.030%
Beiersdorf AG 0.010%
Celanese Corp-Series A 0.010%
Chevron Corp 0.070%
Chr Hansen Holding A/S 0.010%
Church & Dwight Co Inc 0.010%
Clorox Company 0.010%
Cnac Hk Finbridge Co Ltd 5.125 14/03/2028 0.010%
Coca-Cola Amatil Ltd 0.040%
Coca-Cola Co 0.100%
Coca-Cola Co/The 3.45 25/03/2030 0.010%
Colgate-Palmolive Company 0.030%
Corteva Inc 0.010%
Croda International PLC 0.010%
Dow Inc 0.020%
Dowdupont Inc 0.020%
Dupont De Nemours Inc 2.169 01/05/2023 0.010%
Ecolab Inc 0.030%
Essity Aktiebo-B 0.010%
Estee Lauder Companies-Cl A 0.030%
Fmc Corp 0.010%
Formosa Chemicals & Fibre 0.010%
Formosa Plastics Corp 0.010%
Fujifilm Holdings Corp 0.010%
General Mills Inc 0.020%
Givaudan-Reg 0.020%
Glaxosmithkline PLC 0.050%
Groupe Danone 0.020%
Henkel AG & Co Kgaa Vorzug 0.010%
Hermes International 0.020%
Hindustan Unilever Ltd 0.010%
Ingersoll-Rand 0.010%
Intl Flavors & Fragrances 0.010%
Johnson & Johnson 0.200%
Kao Corp 0.020%
Kellogg Co 3.25 01/04/2026 0.010%
Kerry Group PLC-A 0.010%
Keurig Dr Pepper Com 0.010%
Kimberly-Clark Corp 0.030%
Kirin Holdings Co Ltd 0.010%
Koninklijke Dsm Nv 0.010%
L'Oreal 0.040%
Lg Household & Health Care 0.010%
Linde PLC 0.060%
LVMH Moet Hennessy Vuitton ( Se ) 0.070%
Mondelez International - W/I 0.040%
Nan Ya Plastics Corp 0.010%
Nestle SA-Reg 0.180%
Nippon Paint Holdings Co Ltd 0.010%
Novozymes A/S-B Shares 0.010%
Nufarm Ltd 0.010%
Nutrien Ltd 0.010%
Pepsico Inc 0.100%
PPG Industries Inc 0.020%
Procter & Gamble Co 0.170%
Reckitt Benckiser 0.040%
Reliance Industries Ltd 0.040%
Royal Dutch Shell PLC 'A' Ord 0.030%
Royal Dutch Shell PLC-B Shs 0.020%
Rpm International Inc 0.010%
Seven & I Holdings Co Ltd 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Sherwin-Williams Co 0.030%
Shin-Etsu Chemical Co Ltd 0.020%
Shiseido Co Ltd 0.010%
Sk Innovation Co Ltd 0.010%
Symrise AG 0.010%
Tesco PLC 0.010%
Unicharm Corp 0.010%
Unilever Nv 0.040%
Unilever PLC 0.040%

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% -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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    3.09%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    3.01%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities
    1.85%
  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    1.78%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.38%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.35%
  • Apple Inc
    United States International Equities
    1.0%
  • CSL Ltd
    Australia Australasian Equities
    0.99%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    0.96%
  • Ryman Healthcare Ltd
    New Zealand Australasian Equities
    0.9%

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 4.0% 4.56%
New Zealand Fixed Interest 15.0% 10.15%
International Fixed Interest 21.0% 24.49%
Australasian Equities 29.0% 31.67%
International Equities 26.0% 28.11%
Listed Properties 5.0% 1.02%
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:
    0.01%
  • Alcohol:
    0.42%
  • Animal Testing:
    2.25%
  • Fossil Fuels:
    3.76%
  • Gambling:
    0.67%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    1.84%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.03%
  • Weapons:
    0.24%

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 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 $390M NZD
Period of data report Wed Sept. 30th 2020
Members 2,680
Fund started Thu Oct. 11th 2007
Total annual fund fees 1.14%
Total performance based fees 0.0%
Manager's basic fee 1.1%
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

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.