ASB KiwiSaver Scheme
ASB Moderate Fund

In their own words: "The Moderate Fund aims to provide moderate total returns with a negative return expected less than one in every seven years. 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 Moderate Fund invests in income and growth assets with a target investment mix of 60% income assets and 40% growth assets."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 5.45%

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

Annual Fees: 0.58%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND530
Name ASB Moderate Fund
Risk profile Balanced fund
Description The Moderate Fund aims to provide moderate total returns with a negative return expected less than one in every seven years. 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 Moderate Fund invests in income and growth assets with a target investment mix of 60% income assets and 40% growth assets.
Value $1.8B NZD
Members 91,883
Market index description The market index return is the target investment mix asset allocation weighted sum of the asset class market index return, where the target investment mix and asset class market indices are each as described in the Statement of Investment Policy and Objectives (SIPO).
Disclosure Statement Period Sun June 30th 2019
Fund started Tue Oct. 2nd 2007
Three-year average return 5.45%
Market index past year return 8.54%
Past year return net charges and tax 5.94
Past year return net of charges gross of tax 7.4
Market index return since fund started 8.47%
Return since fund started net 6.32%
Total annual fund fees 0.58
Total performance based fees 0.0
Manager's basic fee 0.58
Administration charges 0.0
Total other charges 30.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2019 5.68% 6.02%
2018 5.63% 4.95%
2017 6.10% 5.39%
2016 4.01% 3.81%
2015 11.09% 10.12%
2014 7.28% 4.7%
2013 10.75% 7.82%
2012 1.75% 1.69%
2011 5.30% 5.51%
2010 16.19% 16.12%

The market index is the average NZ KiwiSaver 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 KiwiSaver fund has filed with Disclose register to 30 June 2019.

Showing the top 10 investments for this fund:

  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents
    4.85%
  • Certificate Of Deposit Rcd ASB Bank 05/09/2019
    New Zealand Cash and Equivalents A-1+
    2.58%
  • New Zealand Government 6 15/05/2021
    New Zealand NZ Fixed Interest AA+
    2.06%
  • New Zealand Government 5.5 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.79%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents
    1.75%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities N/A
    1.33%
  • New Zealand Government 2.75 15/04/2025
    New Zealand NZ Fixed Interest AA+
    1.31%
  • BNZ Rolling Deposit 32 Day Notice Account NZD
    New Zealand Cash and Equivalents
    1.29%
  • New Zealand Government 4.5 15/04/2027
    New Zealand NZ Fixed Interest AA+
    1.22%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.11%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 9.0% 11.4%
New Zealand Fixed Interest 21.0% 26.93%
International Fixed Interest 30.0% 21.41%
Australasian Equities 19.0% 21.23%
International Equities 19.0% 15.03%
Listed Properties 2.0% 4.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Key Personnel

  • Adam Boyd

    Currently: Investment Committee member (3 years, 1 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (3 years, 1 months)

  • Gavin Walker

    Currently: Investment Committee Chairman (4 years, 10 months)
    Previously: Chairman, ASB Bank (current position) (7 years, 11 months)

  • John Smith

    Currently: Investment Committee member (8 years, 1 months)
    Previously: Head of Asset Management, ASB Bank (current position) (7 years, 1 months)

  • Jonathan Beale

    Currently: Investment Committee member (4 years, 10 months)
    Previously: General Manager Wealth, ASB Bank (current position) (5 years, 0 months)

  • Nigel Annett

    Currently: Investment Committee member (5 years, 3 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (0 years, 8 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.28%
  • Animal Testing:
    0.93%
  • Fossil Fuels:
    2.02%
  • Gambling:
    0.18%
  • GMOs:
    0.14%
  • Human Rights & Environmental Violations:
    1.20%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.00%
  • Weapons:
    0.21%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. 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.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. 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.

Many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

Download the fund's disclosure statement and portfolio holdings.

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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 investment. Past returns are not a guide to future returns. 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.