ASB World Shares Fund

Not Mindful

Fund type: Aggressive fund

Past Returns: 12.23%

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

Annual Fees: 1.24%

Annual fees, including management and administration fees, but not membership 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

Alleghany Corp 0.02%
Altagas Ltd 0.15%
Anglo American PLC 0.14%
Arcelormittal 0.04%
Atmos Energy Corp 0.03%
Bollore Se 0.01%
Canadian Utilities Ltd-A 0.01%
Cheniere Energy Inc 0.24%
Enagas SA 0.01%
Enbridge Inc 0.32%
Engie 0.05%
Glencore PLC 0.12%
Hong Kong and China Gas Company 0.03%
Itochu Corp 0.07%
Keyera Corp 0.16%
Kinder Morgan Inc 0.24%
Loews Corp 0.03%
Lyondellbasell Indu-Cl A 0.06%
Marathon Petroleum Corp 0.28%
Marubeni Corp 0.03%
Mitsubishi Corp 0.08%
Mitsui & Co Ltd 0.07%
Mitsui Osk Lines Ltd 0.02%
Naturgy Energy Group S.A. 0.02%
Nippon Steel Corp 0.03%
Nippon Yusen Kk 0.03%
Oneok Inc 0.23%
Osaka Gas Co Ltd 0.01%
Parkland Corporation 0.16%
Pembina Pipeline Corp 0.19%
Phillips 66 0.26%
Public Service Enterprise Group 0.06%
Snam Spa 0.13%
Sumitomo Corp 0.05%
Tc Energy Corporation 0.26%
Tokyo Gas Co Ltd 0.01%
Ugi Corp 0.02%
Valero Energy Corp 0.24%
Williams Cos Inc 0.24%

Weapons

Amphenol Corp-Cl A 0.08%
Exor Holding Nv 0.02%
Heico Corp 0.06%
Jfe Holdings Inc 0.02%
Mitsubishi Heavy Industries Ltd 0.02%
Onex Corporation 0.01%
Rolls-Royce Holdings PLC 0.03%
Singapore Tech Engineering 0.12%
Transdigm Group Inc 0.08%

Tobacco

Alimentation Couche-Tard Inc 0.08%
Lawson Inc 0.01%

Gambling

Caesars Entertainment Inc 0.03%
Draftkings Inc 0.02%
Flutter Entertainment PLC 0.03%
Galaxy Entertainment Group L 0.02%
Genting Singapore Ltd 0.01%
La Francaise Des Jeux Saem 0.01%
Las Vegas Sands Corp 0.03%
Mgm Resorts International 0.04%
Sands China Ltd 0.01%
Vici Properties Inc 0.03%
Wynn Resorts Ltd 0.02%

Adult Entertainment/Pornography

Caesars Entertainment Inc 0.03%
Live Nation Entertainment In 0.04%
Mgm Resorts International 0.04%

Alcohol

Anheuser-Busch Inbev SA/Nv 0.10%
Asahi Group Holdings Ltd 0.04%
Brown-Forman Corp-Class B 0.04%
Budweiser Brewing Co Apac Ltd 0.01%
Carlsberg As-B 0.03%
Constellation Brands Inc-A 0.07%
Davide Campari-Milano Nv 0.02%
Diageo PLC 0.28%
Heineken Holding Nv 0.02%
Heineken Nv 0.05%
Kirin Holdings Co Ltd 0.03%
LVMH Moet Hennessy Vuitton ( Se ) 0.34%
Molson Coors Beverage Co 0.03%
Pernod-Ricard SA 0.09%
Remy Cointreau 0.02%

Palm Oil

Wilmar International Ltd 0.02%

GMOs

Corteva Inc 0.08%

Human Rights & Environmental Violations

Activision Blizzard Inc 0.11%
Bank Hapoalim Bm 0.02%
Bank Leumi Le-Israel 0.02%
Barrick Gold Corp 0.07%
Bayer AG-Reg 0.12%
Credit Suisse Group AG-Reg 0.04%
Duke Energy Corp 0.15%
Freeport-Mcmoran Inc 0.13%
Glencore PLC 0.12%
Israel Discount Bank-A 0.01%
Johnson & Johnson 0.80%
Mizrahi Tefahot Bank Ltd 0.01%
Motorola Solutions Inc 0.07%
Nestle SA-Reg 0.62%
Pan American Silver Corp 0.01%
Pg & E Corp 0.04%
Rio Tinto PLC 0.17%
Teva Pharmaceutical-Sp Adr 0.03%
Tokyo Electric Power Company Holdings Incorporated 0.01%
Uber Technologies Inc 0.09%
Wilmar International Ltd 0.02%

Animal Testing

Air Liquide-Prime Fidelite Regd 0.14%
Akzo Nobel 0.03%
Albemarle Corp 0.04%
Archer-Daniels-Midland Co 0.09%
Arkema 0.01%
Asahi Group Holdings Ltd 0.04%
Associated British Foods PLC 0.02%
Avantor Inc 0.04%
Basf Se 0.09%
Bayer AG-Reg 0.12%
Beiersdorf AG 0.02%
Burberry Group PLC 0.02%
Celanese Corp-Series A 0.03%
Chr Hansen Holding A/S 0.02%
Church & Dwight Co Inc 0.04%
Clariant AG-Reg 0.01%
Clorox Company 0.03%
Coca-Cola Co 0.44%
Colruyt SA 0.01%
Corteva Inc 0.08%
Covestro AG 0.02%
Croda International PLC 0.03%
Dow Inc 0.09%
Dowdupont Inc 0.07%
Eastman Chemical Co 0.03%
Ecolab Inc 0.08%
Ems-Chemie Holding AG-Reg 0.01%
Entegris Inc 0.03%
Essity Aktiebo-B 0.05%
Estee Lauder Companies-Cl A 0.11%
Evonik Industries AG 0.01%
Fmc Corp 0.03%
Fujifilm Holdings Corp 0.04%
General Mills Inc 0.07%
Givaudan-Reg 0.07%
Glaxosmithkline PLC 0.20%
Groupe Danone 0.06%
Henkel AG & Co Kgaa 0.01%
Henkel AG & Co Kgaa Vorzug 0.02%
Hermes International 0.08%
Icl Group Ltd 0.02%
Ingersoll-Rand 0.04%
Intl Flavors & Fragrances 0.06%
Jeronimo Martins 0.02%
Johnson & Johnson 0.80%
Johnson Matthey PLC 0.01%
Kansai Paint Co Ltd 0.01%
Kao Corp 0.03%
Kerry Group PLC-A 0.03%
Keurig Dr Pepper Com 0.05%
Kikkoman Corp 0.02%
Kimberly-Clark Corp 0.07%
Kirin Holdings Co Ltd 0.03%
Koninklijke Dsm Nv 0.05%
Kose Corp 0.01%
L'Oreal 0.17%
LVMH Moet Hennessy Vuitton ( Se ) 0.34%
Lanxess AG 0.01%
Linde PLC 0.28%
Lyondellbasell Indu-Cl A 0.06%
Marubeni Corp 0.03%
Mitsui Chemicals Inc 0.01%
Mondelez International - W/I 0.15%
Mosaic Co 0.05%
Nestle SA-Reg 0.62%
Nippon Paint Holdings Co Ltd 0.01%
Nissan Chemical Corp 0.01%
Novozymes A/S-B Shares 0.03%
Nutrien Ltd 0.10%
Orkla Asa 0.01%
PPG Industries Inc 0.05%
Pepsico Inc 0.40%
Procter & Gamble Co 0.64%
Puma Se 0.01%
Reckitt Benckiser 0.09%
Ricoh Co Ltd 0.01%
Rpm International Inc 0.02%
Sainsbury (J) PLC 0.01%
Sherwin-Williams Co 0.11%
Shin-Etsu Chemical Co Ltd 0.09%
Shiseido Co Ltd 0.04%
Solvay SA 0.02%
Sumitomo Chemical Co Ltd 0.01%
Symrise AG 0.03%
Tesco PLC 0.05%
Tosoh Corp 0.01%
Umicore SA 0.01%
Unicharm Corp 0.03%
Unilever PLC 0.20%
Yara International Asa 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 Thu March 31st 2022 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.

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
2022	3.19%	8.06%
2021	36.07%	37.79%
2020	-7.33%	-9.15%
2019	10.16%	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%
2013	13.93%	7.92%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

Apple Inc
United States International Equities

4.89%
Microsoft Corporation
United States International Equities

3.76%
Amazon.Com Inc
United States International Equities

2.54%
Tesla Inc
United States International Equities

1.57%
Alphabet Inc - Class A
United States International Equities

1.43%
Alphabet Inc - Class C
United States International Equities

1.37%
ASB Bank Account NZD
New Zealand Cash and Equivalents A-1+

1.27%
Nvidia Corp
United States International Equities

1.17%
Meta Platforms Inc
United States International Equities

0.9%
Unitedhealth Group Inc
United States International Equities

0.82%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual

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%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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:

0.11%
Alcohol:

1.17%
Animal Testing:

7.41%
Fossil Fuels:

4.15%
Gambling:

0.25%
GMOs:

0.08%
Human Rights & Environmental Violations:

2.66%
Palm Oil:

0.02%
Tobacco:

0.09%
Weapons:

0.44%

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"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	$850M NZD
Period of data report	Thu March 31st 2022
Fund started	Thu Oct. 25th 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

Key Personnel

Nigel Annett	Currently: Investment Committee member (8 years, 0 months) Previously: Executive GM Corporate Banking, ASB Bank (current position) (3 years, 5 months)
Adam Boyd	Currently: Investment Committee member (5 years, 10 months) Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (5 years, 10 months)
Graeme Edwards	Currently: Investment Committee Chairman (2 years, 5 months) Previously: Investment Committee member (10 years, 3 months)
Stephen Moir	Currently: Investment Committee member (1 years, 2 months) Previously: Director, Board of The Guardians of the NZ Superfund (previous position) (10 years, 11 months)
John Smith	Currently: Investment Committee member (10 years, 10 months) Previously: Head of Asset Management, ASB Bank (current position) (9 years, 10 months)