Issues of concern

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.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Meta Platforms Inc-Class A 0.74%
    • Johnson & Johnson 0.35%
    • Thermo Fisher Scientific Inc 0.20%
    • Rio Tinto Ltd 0.16%
    • Motorola Solutions Inc 0.12%
    • Uber Technologies Inc 0.10%
    • Alstom 0.06%
    • Ubs Group AG-Reg 0.03%
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Centrais Eletricas Brasilier 0.01%
    • Formosa Chemicals & Fibre 0.01%
    • Li Ning Co Ltd 0.01%
    • Mtn Group Ltd 0.01%
    • Palantir Technologies Inc-A 0.01%
    • Pan American Silver Corp 0.01%
    • BHP Group Ltd 0.75% !!
      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
    • Posco 0.03%
    • Southern Copper Corp 0.02%
    • Zijin Mining Group Co Ltd-H 0.02%
    • Astra International Tbk Pt 0.01%
    • Evergreen Marine Corp Ltd 0.01%
    • Harmony Gold Mining Co Ltd 0.01%
    • Indofood Sukses Makmur Tbk P 0.01%
    • Jbs SA 0.01%
    • Nissan Chemical Corp 0.01%
    • Nufarm Ltd 0.01%
    • Soc Quimica Y Minera Chile-B 0.01%
    • Sherwin-Williams Co/The 0.21%
    • Novozymes A/S-B Shares 0.16%
    • LVMH Moet Hennessy Louis Vui 0.15%
    • L'Oreal 0.10%
    • Givaudan-Reg 0.05%
    • Church & Dwight Co Inc 0.04%
    • Estee Lauder Companies-Cl A 0.04%
    • PPG Industries Inc 0.04%
    • Akzo Nobel N.V. 0.03%
    • Hermes International 0.03%
    • Orica Ltd 0.03%
    • Ultrapar Participacoes SA 0.03%
    • Kering 0.02%
    • Albemarle Corp 0.01%
    • Formosa Chemicals & Fibre 0.01%
    • Formosa Plastics Corp 0.01%
    • Groupe Bruxelles Lambert Nv 0.01%
    • Hengan Intl Group Co Ltd 0.01%
    • Jbs SA 0.01%
    • Moncler Spa 0.01%
    • Nan Ya Plastics Corp 0.01%
    • Nissan Chemical Corp 0.01%
    • Nufarm Ltd 0.01%
    • Orbia Advance Corp Sab De Cv 0.01%
    • Petronas Chemicals Group Bhd 0.01%
    • Ptt Global Chemical Pcl-Nvdr 0.01%
    • Sahara International Petroch 0.01%
    • Shiseido Co Ltd 0.01%
    • Unilever Indonesia Tbk Pt 0.01%
    • Wanhua Chemical Group Co -A 0.01%
    • Amphenol Corp-Cl A 0.09%
    • Transdigm Group Inc 0.08%
    • Heico Corp 0.06%
    • Booz Allen Hamilton Holdings 0.02%
    • Hanwha Aerospace Co Ltd 0.01%
    • Heico Corp-Class A 0.01%
    • Korea Aerospace Industries 0.01%
    • Contact Energy Ltd 1.02% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 0.75% !!
      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
    • Genesis Energy Ltd 0.21%
    • Rio Tinto Ltd 0.16%
    • Dassault Systemes Se 0.15%
    • Tata Steel Ltd-Gdr Reg S 0.12%
    • Channel Infrastructure NZ Lt 0.10%
    • Ampol Ltd 0.09%
    • Viva Energy Group Ltd 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
    • Northland Power Inc 0.06%
    • Origin Energy Ltd 0.06% !!
      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
    • Bkw AG 0.05%
    • South32 Ltd 0.05%
    • Verbund AG 0.05% 1.5°C
      This company is on a 1.5°C pathway
    • Apa Group 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
    • Hd Hyundai 0.03%
    • Motor Oil (Hellas) SA 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
    • Orica Ltd 0.03%
    • Washington H. Soul Pattinson 0.03%
    • Acwa Power Co 0.02%
    • Agl Energy Ltd 0.02%
    • Cez As 0.02%
    • China Merchants Energy -A 0.02%
    • Cosan SA 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
    • Edp-Energias De Portugal SA 0.02% 1.5°C
      This company is on a 1.5°C pathway
    • Grupo Mexico Sab De Cv-Ser B 0.02%
    • Petronas Dagangan Bhd 0.02%
    • Qatar Gas Transport(Nakilat) 0.02%
    • Weg SA 0.02%
    • Abu Dhabi National Oil Co Fo 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
    • Astra International Tbk Pt 0.01%
    • Brickworks Ltd 0.01%
    • Centrais Eletricas Brasilier 0.01%
    • China Power International 0.01%
    • China Resources Power Holdin 0.01%
    • Citic Ltd 0.01%
    • Citic Securities Co Ltd-H 0.01%
    • Constellation Energy 0.01%
    • Engie Brasil Energia SA 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
    • Enn Energy Holdings Ltd 0.01%
    • Huaneng Power Intl Inc-H 0.01%
    • Jindal Steel & Power Ltd 0.01%
    • Kghm Polska Miedz SA 0.01%
    • Koc Holding As 0.01%
    • Lg Corp 0.01%
    • Monadelphous Group Ltd 0.01%
    • Mytilineos Holdings S.A. 0.01%
    • Nrw Holdings Ltd 0.01%
    • Pegatron Corp 0.01%
    • Ptt Global Chemical Pcl-Nvdr 0.01%
    • Ptt Oil & Retail Busine-Nvdr 0.01%
    • Public Power Corp 0.01%
    • Samsung C&T Corp 0.01%
    • Saudi Electricity Co 0.01%
    • Taiwan Cement 0.01%
    • Tenaga Nasional Bhd 0.01%

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 2024 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.

About this fund

To provide high total returns allowing for large movements of value up and down. The number of years with negative returns are generally expected to be higher than the Balanced Fund but lower than the Aggressive 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 Growth Fund invests in income and growth assets with a target investment mix of 22% income assets and 78% growth assets.

Value $244M NZD
Period of data report 30th June 2024
Fund started 12th Oct. 2007
Total annual fund fees 1.12%
Total performance based fees 0.0%
Manager's basic fee 1.07%
Other management and administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Frank Jasper

Currently: Investment Committee member (1 years, 11 months)
Previously: Chief Investment Officer, Fisher Funds (previous position) (4 years, 0 months)

Jax Mitchell

Currently: Investment Committee member (1 years, 8 months)
Previously: GM Wealth, Insurance & Partnerships, ASB Bank (current position) (1 years, 8 months)

Stephen Moir

Currently: Investment Committee Chairman (1 years, 1 months)
Previously: Investment Committee member (3 years, 5 months)

Jonathan Oram (Not Named In The Previous Fund Update)

Currently: Investment Committee member (0 years, 2 months)
Previously: Executive GM Corporate Banking, ASB Bank (current position) (0 years, 8 months)

Justine Sefton

Currently: Investment Committee member (1 years, 11 months)
Previously: Member/Deputy-Chair of the Impact Investment Network Aotearoa NZ (current position) (4 years, 1 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.

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
2024 12.57% 13.65%
2023 -4.05% -2.59%
2022 1.38% 2.18%
2021 27.68% 26.34%
2020 -4.45% -6.51%
2019 6.12% 7.87%
2018 8.66% 7.71%
2017 7.20% 9.87%
2016 5.40% 2.96%
2015 12.09% 14.71%

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 30th June 2024.

Top 10 Investments

  • Microsoft Corp
    United States International Equities
    2.5%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    2.38%
  • Apple Inc
    United States International Equities
    2.37%
  • Nvidia Corp
    United States International Equities
    2.35%
  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    2.35%
  • Ishares Physical Gold Etc
    United Kingdom Other
    2.01%
  • Infratil Limited
    New Zealand Australasian Equities
    1.4%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.35%
  • Amazon Com Inc
    United States International Equities
    1.31%
  • Meridian Energy Lt Npv
    New Zealand Australasian Equities
    1.09%
Type Target Actual
Cash and Cash Equivalents 3.0% 0.84%
New Zealand Fixed Interest 12.5% 7.16%
International Fixed Interest 6.5% 8.8%
Australasian Equities 20.7% 23.19%
International Equities 57.3% 56.98%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 3.03%

Investment Mix

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

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.