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 1.32%
    • Johnson & Johnson 0.95%
    • Thermo Fisher Scientific Inc 0.48%
    • Motorola Solutions Inc 0.27%
    • Alstom 0.22%
    • Uber Technologies Inc 0.15%
    • Pan American Silver Corp 0.02%
    • Nissan Chemical Corp 0.03%
    • LVMH Moet Hennessy Louis Vui 0.38%
    • Sherwin-Williams Co/The 0.33%
    • Novozymes A/S-B Shares 0.29%
    • L'Oreal 0.23%
    • Estee Lauder Companies-Cl A 0.11%
    • Church & Dwight Co Inc 0.09%
    • Givaudan-Reg 0.09%
    • PPG Industries Inc 0.09%
    • Hermes International 0.08%
    • Kering 0.06%
    • Groupe Bruxelles Lambert Nv 0.04%
    • Shiseido Co Ltd 0.04%
    • Beiersdorf AG 0.03%
    • Intl Flavors & Fragrances 0.03%
    • Nissan Chemical Corp 0.03%
    • Albemarle Corp 0.02%
    • Chr Hansen Holding A/S 0.02%
    • Moncler Spa 0.02%
    • Amphenol Corp-Cl A 0.18%
    • Transdigm Group Inc 0.17%
    • Heico Corp 0.15%
    • Booz Allen Hamilton Holdings 0.03%
    • Heico Corp-Class A 0.03%
    • Northland Power Inc 0.16%
    • Verbund AG 0.16% 1.5°C
      This company is on a 1.5°C pathway
    • Bkw AG 0.15%
    • Edp-Energias De Portugal SA 0.08% 1.5°C
      This company is on a 1.5°C pathway
    • Constellation Energy 0.03%
    • Jindal Steel & Power Ltd 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2023 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 exposure to a portfolio of international equities. The number of years with negative returns are expected to be greater than for funds in the ASB Investment Funds which predominantly invest in income assets.
The World Shares Fund invests in a target investment mix of 100% growth assets.

Value $558M NZD
Period of data report 30th Sept. 2023
Fund started 25th Oct. 2007
Total annual fund fees 1.24%
Total performance based fees 0.0%
Manager's basic fee 1.2%
Other management and administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

Frank Jasper

Currently: Investment Committee member (1 years, 2 months)
Previously: Chief Investment Officer, Fisher Funds (previous position) (4 years, 0 months)

Jax Mitchell

Currently: Investment Committee member (0 years, 11 months)
Previously: GM Wealth, Insurance & Partnerships, ASB Bank (current position) (0 years, 11 months)

Stephen Moir

Currently: Investment Committee Chairman (0 years, 4 months)
Previously: Investment Committee member (2 years, 8 months)

Justine Sefton

Currently: Investment Committee member (1 years, 2 months)
Previously: Member/Deputy-Chair of the Impact Investment Network Aotearoa NZ (current position) (3 years, 4 months)

John Smith

Currently: Investment Committee member (12 years, 4 months)
Previously: Head of Asset Management, ASB Bank (current position) (11 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.

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
2023 -5.17% -2.25%
2022 3.53% 8.06%
2021 35.55% 37.79%
2020 -7.06% -9.15%
2019 10.17% 5.7%
2018 7.53% 9.44%
2017 9.49% 15.65%
2016 4.71% -0.47%
2015 14.67% 19.6%
2014 10.13% 13.94%

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 Sept. 2023.

Top 10 Investments

  • Apple Inc
    United States International Equities
    5.49%
  • Microsoft Corp
    United States International Equities
    4.74%
  • Nvidia Corp
    United States International Equities
    2.34%
  • Amazon Com Inc
    United States International Equities
    2.18%
  • Alphabet Inc Cap Cl C
    United States International Equities
    1.95%
  • Tesla Inc
    United States International Equities
    1.62%
  • Facebook Inc Com USD Cl A
    United States International Equities
    1.32%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    1.24%
  • Lilly (Eli) & Co USD
    United States International Equities
    1.22%
  • Schneider Electric Se
    France International Equities
    1.13%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 100.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

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 Sept. 2023.