ASB Conservative Fund

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Not Mindful
Type: Conservative fund
Past Returns: 3.13%

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

Annual Fees: 0.4%

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

BHP Group Ltd 0.36%
Woodside Petroleum Ltd 0.07%
Apa Group 0.05%
South32 Ltd 0.04%
Origin Energy Ltd 0.03%
Santos Ltd 0.03%
Caltex Australia Ltd 0.02%
Exxon Mobil Corporation 0.02%
Chevron Corp 0.02%
Cnooc Nexen Finance 2014 Ulc 4.25 30/04/2024 0.01%
Nextera Energy Inc 0.01%
Oil Search Ltd 0.01%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
Total Sa 0.01%
Bp Plc 0.01%
Bp Capital Markets Plc 3.814 10/02/2024 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Petroleos Mexicanos 6.75 21/09/2047 0.01%
Washington H. Soul Pattinson 0.01%
Royal Dutch Shell Plc 'A' Ord 0.01%
Ntpc Ltd 4.25 26/02/2026 0.01%
Beach Energy Ltd 0.01%
Exxon Mobil Corp 2.44 16/08/2029 0.01%
Conocophillips 6.5 01/02/2039 0.01%
Ecopetrol Sa 5.875 18/09/2023 0.01%
Pacificorp 5.75 01/04/2037 0.01%
Whitehaven Coal Ltd 0.01%
Omv Ag 3.5 27/09/2027 0.01%
Energy Transfer Partners Lp 4.95 15/06/2028 0.01%
Kinder Morgan Energy Partners Lp 3.95 01/09/2022 0.01%
Chevron Corp 3.191 24/06/2023 0.01%
Royal Dutch Shell Plc-B Shs 0.01%
Total Capital International Sa 2.875 19/11/2025 0.01%
Dominion Energy Incorporated 0.01%
Shell International Finance Bv 4.125 11/05/2035 0.01%
Enbridge Inc 0.01%
Suez 1.5 03/04/2029 0.01%
Mplx Lp 4.125 01/03/2027 0.01%
Ecopetrol Sa 5.875 28/05/2045 0.01%
Exxon Mobil Corp 3.176 15/03/2024 0.01%
Statoil Asa 3.7 01/03/2024 0.01%
Viva Energy Group Ltd 0.01%
Energy Transfer Operating Lp 6.25 15/04/2049 0.01%
Bp Capital Markets America Inc 3.224 14/04/2024 0.01%
Eog Resources Inc 3.9 01/04/2035 0.01%
Petroleos Mexicanos 6.5 13/03/2027 0.01%
Bp Capital Markets America Inc 2.112 16/09/2021 0.01%
Occidental Petroleum Corp 2.7 15/08/2022 0.01%
Energy Transfer Lp 5.2 01/02/2022 0.01%
Kinder Morgan Energy Partners Lp 5 15/08/2042 0.01%
Equinor Asa 3.625 10/09/2028 0.01%
Shell International Finance Bv 3.25 11/05/2025 0.01%

Weapons

United Technologies Corp 4.625 16/11/2048 0.01%
The Boeing Company 0.01%
United Technologies Corp 0.01%
Boeing Co/The 6.875 15/03/2039 0.01%
Embraer Netherlands Finance Bv 5.05 15/06/2025 0.01%
General Dynamics Corp 3.75 15/05/2028 0.01%

Gambling

Skycity Entertainment Group 0.11%
Aristocrat Leisure Ltd 0.06%
Tabcorp Holdings Ltd 0.02%
Crown Resorts Ltd 0.01%
The Star Entertainment Group Ltd 0.01%
South Africa Government International Bd 5.875 16/09/2025 0.01%

Alcohol

Treasury Wine Estates Ltd 0.03%
Anheuser-Busch Cos Llc / Anheuser-Busch 4.7 01/02/2036 0.01%
Metcash Ltd 0.01%
Lvmh Moet Hennessy Vuitton ( Se ) 0.01%
Anheuser-Busch Inbev Worldwide Inc 5.8 23/01/2059 0.01%
Diageo Plc 0.01%
Anheuser-Busch Cos Llc / Anheuser-Busch 4.9 01/02/2046 0.01%
Anheuser-Busch Inbev Worldwide Inc 5.55 23/01/2049 0.01%
Anheuser-Busch Inbev Worldwide Inc 5.45 23/01/2039 0.01%
Anheuser-Busch Inbev Finance Inc 3.3 01/02/2023 0.01%
Molson Coors Brewing Co 4.2 15/07/2046 0.01%
Anheuser-Busch Inbev Worldwide Inc 4.15 23/01/2025 0.01%

GMOs

Novartis Ag-Reg 0.02%
Novartis Capital Corp 3 20/11/2025 0.01%
Bayer Ag-Reg 0.01%
Basf Se 0.01%

Human Rights & Environmental Violations

BHP Group Ltd 0.36%
Rio Tinto Ltd 0.13%
Johnson & Johnson 0.04%
Nestle Sa-Reg 0.03%
Chevron Corp 0.02%
BHP Billiton Finance Usa Ltd 5 30/09/2043 0.01%
Shell International Finance Bv 4.375 11/05/2045 0.01%
Royal Dutch Shell Plc 'A' Ord 0.01%
Royal Dutch Shell Plc-B Shs 0.01%
Duke Energy Corp 0.01%
Shell International Finance Bv 4.125 11/05/2035 0.01%
Vale Overseas Ltd 6.875 21/11/2036 0.01%
Rio Tinto Plc 0.01%
Johnson & Johnson 3.75 03/03/2047 0.01%
Southern Copper Corp 7.5 27/07/2035 0.01%
Johnson & Johnson 2.9 15/01/2028 0.01%
Shell International Finance Bv 3.25 11/05/2025 0.01%

Animal Testing

Johnson & Johnson 0.040%
Nestle Sa-Reg 0.030%
Procter & Gamble Co 0.030%
Coca-Cola Co 0.020%
Pepsico Inc 0.020%
Chevron Corp 0.020%
Lvmh Moet Hennessy Vuitton ( Se ) 0.010%
Glaxosmithkline Plc 0.010%
Shell International Finance Bv 4.375 11/05/2045 0.010%
Royal Dutch Shell Plc 'A' Ord 0.010%
Unilever Nv 0.010%
Pepsico Inc 2.375 06/10/2026 0.010%
Pepsico Inc 3.45 06/10/2046 0.010%
L'Oreal 0.010%
Royal Dutch Shell Plc-B Shs 0.010%
Air Liquide Sa 0.010%
Shell International Finance Bv 4.125 11/05/2035 0.010%
Unilever Capital Corp 2 28/07/2026 0.010%
Coca-Cola Co/The 1.55 01/09/2021 0.010%
Bayer Ag-Reg 0.010%
Glaxosmithkline Capital Plc 1.375 12/09/2029 0.010%
Unilever Plc 0.010%
General Mills Inc 4.2 17/04/2028 0.010%
Reckitt Benckiser 0.010%
Colgate-Palmolive Company 0.010%
Johnson & Johnson 3.75 03/03/2047 0.010%
Procter & Gamble Co/The 2.15 11/08/2022 0.010%
Kraft Heinz Foods Co 4.625 30/01/2029 0.010%
Kraft Heinz Foods Co 4.375 01/06/2046 0.010%
Estee Lauder Cos Inc/The 2.375 01/12/2029 0.010%
Colgate-Palmolive Co 3.7 01/08/2047 0.010%
Glaxosmithkline Capital Inc 3.875 15/05/2028 0.010%
Johnson & Johnson 2.9 15/01/2028 0.010%
Pepsico Inc 3.6 01/03/2024 0.010%
Air Products & Chemicals Inc 0.010%
Praxair Inc 3.2 30/01/2026 0.010%
Kimberly-Clark Corp 0.010%
Shell International Finance Bv 3.25 11/05/2025 0.010%
Basf Se 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 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 and research organisations.

A summary of this fund and its details.

Number FND529
Name ASB Conservative Fund
Risk profile Conservative fund
Description To provide modest total returns allowing for modest movements of value up and down. The number of years with negative returns are generally expected to be higher than the NZ Cash Fund but lower than the Moderate Fund in the ASB KiwiSaver Scheme. 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 Conservative Fund invests in income and growth assets with a target investment mix of 80% income assets and 20% growth assets.
Value $4.1B NZD
Members 229,427
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).
Period of data report Tue June 30th 2020
Fund started Tue Oct. 2nd 2007
Three-year average return 3.13%
Market index past year return 5.30%
Past year return net of charges and tax 2.97%
Past year return net of charges gross of tax 3.95%
Market index return since fund started 6.24%
Return since fund started net 4.49%
Total annual fund fees 0.4%
Total performance based fees 0.0%
Manager's basic fee 0.4%
Administration charges 0.0%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

  • Adam Boyd

    Currently: Investment Committee member (4 years, 1 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (4 years, 1 months)

  • Adam Boyd

    Currently: Investment Committee member (4 years, 1 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (4 years, 1 months)

  • Adam Boyd

    Currently: Investment Committee member (4 years, 1 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (4 years, 1 months)

  • Adam Boyd

    Currently: Investment Committee member (4 years, 1 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (4 years, 1 months)

  • Adam Boyd

    Currently: Investment Committee member (4 years, 1 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (4 years, 1 months)

  • Adam Boyd

    Currently: Investment Committee member (4 years, 1 months)
    Previously: Executive GM Private Banking, Wealth & Insurance, ASB Bank (current position) (4 years, 1 months)

  • Graeme Edwards

    Currently: Investment Committee Chairman (0 years, 8 months)
    Previously: Investment Committee member (8 years, 6 months)

  • Graeme Edwards

    Currently: Investment Committee Chairman (0 years, 8 months)
    Previously: Investment Committee member (8 years, 6 months)

  • Graeme Edwards

    Currently: Investment Committee Chairman (0 years, 8 months)
    Previously: Investment Committee member (8 years, 6 months)

  • Graeme Edwards

    Currently: Investment Committee Chairman (0 years, 8 months)
    Previously: Investment Committee member (8 years, 6 months)

  • Graeme Edwards

    Currently: Investment Committee Chairman (0 years, 8 months)
    Previously: Investment Committee member (8 years, 6 months)

  • Graeme Edwards

    Currently: Investment Committee Chairman (0 years, 8 months)
    Previously: Investment Committee member (8 years, 6 months)

  • John Smith

    Currently: Investment Committee member (9 years, 1 months)
    Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (8 years, 1 months)

  • John Smith

    Currently: Investment Committee member (9 years, 1 months)
    Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (8 years, 1 months)

  • John Smith

    Currently: Investment Committee member (9 years, 1 months)
    Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (8 years, 1 months)

  • John Smith

    Currently: Investment Committee member (9 years, 1 months)
    Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (8 years, 1 months)

  • John Smith

    Currently: Investment Committee member (9 years, 1 months)
    Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (8 years, 1 months)

  • John Smith

    Currently: Investment Committee member (9 years, 1 months)
    Previously: Head of Asset Management; and Acting General Manager Private Banking, Wealth & Insurance Product, ASB Bank (current position) (8 years, 1 months)

  • Jonathan Beale

    Currently: Investment Committee member (5 years, 10 months)
    Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 8 months)

  • Jonathan Beale

    Currently: Investment Committee member (5 years, 10 months)
    Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 8 months)

  • Jonathan Beale

    Currently: Investment Committee member (5 years, 10 months)
    Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 8 months)

  • Jonathan Beale

    Currently: Investment Committee member (5 years, 10 months)
    Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 8 months)

  • Jonathan Beale

    Currently: Investment Committee member (5 years, 10 months)
    Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 8 months)

  • Jonathan Beale

    Currently: Investment Committee member (5 years, 10 months)
    Previously: General Manager Wealth & Insurance Distribution, ASB Bank (current position) (0 years, 8 months)

  • Nigel Annett

    Currently: Investment Committee member (6 years, 3 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 8 months)

  • Nigel Annett

    Currently: Investment Committee member (6 years, 3 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 8 months)

  • Nigel Annett

    Currently: Investment Committee member (6 years, 3 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 8 months)

  • Nigel Annett

    Currently: Investment Committee member (6 years, 3 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 8 months)

  • Nigel Annett

    Currently: Investment Committee member (6 years, 3 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 8 months)

  • Nigel Annett

    Currently: Investment Committee member (6 years, 3 months)
    Previously: Executive GM Corporate Banking, ASB Bank (current position) (1 years, 8 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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 1.07% 0.98%
2019 4.40% 4.84%
2018 3.80% 3.58%
2017 4.16% 3.96%
2016 3.52% 3.46%
2015 8.10% 7.14%
2014 3.88% 3.33%
2013 6.92% 5.46%
2012 3.16% 2.95%
2011 5.06% 4.04%

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 KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Westpac Money Market Deposit Account NZD
    New Zealand Cash and Equivalents A-1+
    6.93%
  • Certificate Of Deposit Rcd ASB Bank 07/09/2020
    New Zealand Cash and Equivalents A-1+
    2.95%
  • Certificate Of Deposit Rcd ASB Bank 24/08/2020
    New Zealand Cash and Equivalents A-1+
    2.14%
  • Fisher & Paykel Healthcare Corporation Ltd
    New Zealand Australasian Equities
    1.72%
  • ASB Bank Account NZD
    New Zealand Cash and Equivalents A-1+
    1.59%
  • Certificate Of Deposit Rcd ASB Bank 04/08/2020
    New Zealand Cash and Equivalents A-1+
    1.55%
  • New Zealand Government 5.5 15/04/2023
    New Zealand NZ Fixed Interest AA+
    1.37%
  • Certificate Of Deposit Rcd ASB Bank 25/09/2020
    New Zealand Cash and Equivalents A-1+
    1.31%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities
    1.3%
  • New Zealand Government 2.75 15/04/2025
    New Zealand NZ Fixed Interest AA+
    1.27%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 19.62%
New Zealand Fixed Interest 22.0% 22.92%
International Fixed Interest 43.0% 36.92%
Australasian Equities 9.0% 16.55%
International Equities 11.0% 3.99%
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 KiwiSaver fund has filed with Disclose register to 30 June 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:
    0.00%
  • Alcohol:
    0.14%
  • Animal Testing:
    0.49%
  • Fossil Fuels:
    1.08%
  • Gambling:
    0.22%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    0.70%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.06%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 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 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 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.

In their own words: "To provide modest total returns allowing for modest movements of value up and down. The number of years with negative returns are generally expected to be higher than the NZ Cash Fund but lower than the Moderate Fund in the ASB KiwiSaver Scheme. 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 Conservative Fund invests in income and growth assets with a target investment mix of 80% income assets and 20% growth assets."

Download the fund's disclosure statement and portfolio holdings.

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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.