AMP ASB Growth Fund

In their own words: "The fund has a well-diversified portfolio that employs an active approach to asset allocation, with underlying investments predominantly in index tracking funds. The fund aims to provide high total returns with a negative return expected less than one in every four years."

Not Mindful
Type: Growth fund
Past Returns: *7.47%

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

Annual Fees: 1.15%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND620
Name AMP ASB Growth Fund
Risk profile Growth fund
Description The fund has a well-diversified portfolio that employs an active approach to asset allocation, with underlying investments predominantly in index tracking funds. The fund aims to provide high total returns with a negative return expected less than one in every four years.
Value $21M NZD
Members 1,549
Market index description A composite index is calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Thu July 28th 2016
Three-year average return *7.47%
Market index past year return 22.40%
Past year return net charges and tax 19.81%
Past year return net of charges gross of tax 21.0%
Market index return since fund started 10.95%
Return since fund started net 9.06%
Total annual fund fees 1.15%
Total performance based fees 0.0%
Manager's basic fee 1.02%
Administration charges 0.13%
Total other charges 23.4
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 September 2019.

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

Year Market Average Fund Annual Return
2019 6.87% 7.05%
2018 7.63% 7.9%

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 September 2019.

Showing the top 10 investments for this fund:

  • ASB Superannuation Master Trust-ASB Growth Fund
    New Zealand Fund N/A
    100.0%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 1.26%
New Zealand Fixed Interest 6.5% 10.82%
International Fixed Interest 12.5% 7.44%
Australasian Equities 40.0% 35.6%
International Equities 32.5% 40.37%
Listed Properties 7.5% 4.51%
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 September 2019.

Key Personnel

  • Blair Robert Vernon

    Currently: Investment Committee Member (8 years, 6 months)
    Previously: Chief Executive, AMP Wealth Management New Zealand (1 years, 0 months)

  • Jeffery Darren Ruscoe

    Currently: Investment Committee Member (0 years, 9 months)
    Previously: Chief Client Officer, AMP Wealth Management New Zealand (0 years, 9 months)

  • Timothy Pritchard

    Currently: Investment Committee Member (0 years, 9 months)
    Previously: General Counsel, AMP Wealth Management New Zealand (1 years, 7 months)

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

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
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.64%
  • Animal Testing:
    3.16%
  • Fossil Fuels:
    4.08%
  • Gambling:
    0.36%
  • GMOs:
    0.38%
  • Human Rights & Environmental Violations:
    2.27%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.00%
  • Weapons:
    0.56%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 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

Specific companies invested in:

Fossil Fuel

BHP Group Ltd 0.84%
Exxon Mobil Corporation 0.26%
Woodside Petroleum Limited 0.23%
Chevron Corp 0.20%
Bp Plc 0.11%
Royal Dutch Shell Plc 'A' Ord 0.11%
Total Sa 0.11%
Origin Energy Ltd 0.11%
Santos Ltd 0.11%
Apa Group 0.11%
South32 Ltd 0.10%
Nextera Energy Inc 0.10%
Royal Dutch Shell Plc-B Shs 0.10%
Oil Search Limited 0.07%
Enbridge Inc 0.06%
Dominion Energy Incorporated 0.06%
Conocophillips 0.06%
Caltex Australia Ltd 0.05%
Suncor Energy Inc 0.04%
Phillips 66 0.04%
Gazprom Pjsc 0.04%
BHP Group Plc 0.04%
Eog Resources Inc 0.04%
Kinder Morgan Inc 0.04%
Occidental Petroleum Corp 0.04%
Eni Spa 0.04%
Lukoil Pjsc 0.04%
Marathon Petroleum Corp 0.03%
Beach Energy Ltd 0.03%
Valero Energy Corp 0.03%
Petrobras - Petroleo Bras-Pr 0.03%
Cnooc Ltd 0.03%
Oneok Inc 0.03%
Engie 0.03%
Glencore Plc 0.03%
Canadian Natural Resources 0.03%
Petrobras - Petroleo Bras 0.02%
Anglo American Plc 0.02%
Novatek Pjsc-Spons Gdr Reg S 0.02%
Washington H. Soul Pattinson 0.02%
Repsol Sa 0.02%
Pioneer Natural Resources Co 0.02%
Tatneft Pjsc 0.02%
Equinor Asa 0.02%
Whitehaven Coal Ltd 0.02%
Viva Energy Group Ltd 0.02%
China Petroleum & Chemical-H 0.02%
Pembina Pipeline Corp 0.02%
Hess Corp 0.01%
Cheniere Energy Inc 0.01%
Diamondback Energy Inc 0.01%
Jxtg Holdings Inc 0.01%
Petrochina Co Ltd-H 0.01%
Concho Resources Inc 0.01%
Sasol Ltd 0.01%
Marubeni Corp 0.01%
Noble Energy Inc 0.01%
Devon Energy Corporation 0.01%
Sk Innovation Co Ltd 0.01%
Marathon Oil Corp 0.01%
Snam Spa 0.01%
Rosneft Oil Co Pjsc 0.01%
Targa Resources Corp 0.01%
Apache Corp 0.01%
Polski Koncern Naftowy Orlen 0.01%
Omv Ag 0.01%
Galp Energia Sgps Sa 0.01%
Hollyfrontier Corp 0.01%
China Shenhua Energy Co-H 0.01%
Inpex Corp 0.01%
Cenovus Energy Inc 0.01%
Cooper Energy Ltd 0.01%
Inter Pipeline Ltd 0.01%
Cabot Oil & Gas Corp 0.01%
New Hope Corp Ltd 0.01%
Ptt Explor & Prod Public Co - Local 0.01%
Encana Corp 0.01%
Imperial Oil Ltd 0.01%
Petrobras Distribuidora Sa 0.01%
Lundin Petroleum Ab 0.01%
Ecopetrol Sa 0.01%

Weapons

The Boeing Company 0.18%
United Technologies Corp 0.10%
Raytheon Company 0.05%
L3 Harris Technologies Inc 0.04%
General Dynamics Corp 0.04%
Transdigm Group Inc 0.02%
Bae Systems Plc 0.02%
Thales Sa 0.02%
Rolls-Royce Holdings Plc 0.02%

Gambling

Aristocrat Leisure Ltd 0.15%
Tabcorp Holdings Ltd 0.08%
Crown Resorts Ltd 0.03%
The Star Entertainment Group Ltd 0.03%
Las Vegas Sands Corp 0.02%

Alcohol

Treasury Wine Estates Ltd 0.10%
Lvmh Moet Hennessy Vuitton ( Se ) 0.10%
Diageo Plc 0.09%
Anheuser-Busch Inbev Sa/Nv 0.06%
Pernod-Ricard Sa 0.03%
Constellation Brands Inc-A 0.03%
Heineken Nv 0.03%
Ambev Sa 0.03%
Metcash Ltd 0.02%
Brown-Forman Corp-Class B 0.02%
Asahi Group Holdings Ltd 0.02%
Kirin Holdings Co Ltd 0.02%
Carlsberg As-B 0.02%

Palm Oil

Posco 0.02%

GMOs

Novartis Ag-Reg 0.16%
Bayer Ag-Reg 0.06%
Basf Se 0.06%
Dowdupont Inc 0.05%
Nutrien Ltd 0.03%

Human Rights & Environmental Violations

BHP Group Ltd 0.84%
Johnson & Johnson 0.30%
Nestle Sa-Reg 0.29%
Chevron Corp 0.20%
Royal Dutch Shell Plc 'A' Ord 0.11%
Royal Dutch Shell Plc-B Shs 0.10%
Duke Energy Corp 0.06%
BHP Group Plc 0.04%
Vale Sa 0.04%
Sempra Energy 0.04%
Glencore Plc 0.03%
Barrick Gold Corp 0.03%
Nutrien Ltd 0.03%
Archer-Daniels-Midland Co 0.02%
Essity Aktiebo-B 0.02%
Mining and Metallurgical Company Norilsk Nickel Ojsc 0.02%
Posco 0.02%

Animal Testing

Johnson & Johnson 0.300%
Nestle Sa-Reg 0.290%
Procter & Gamble Co 0.270%
Chevron Corp 0.200%
Coca-Cola Co 0.190%
Pepsico Inc 0.170%
Royal Dutch Shell Plc 'A' Ord 0.110%
Royal Dutch Shell Plc-B Shs 0.100%
Lvmh Moet Hennessy Vuitton ( Se ) 0.100%
Glaxosmithkline Plc 0.090%
Unilever Nv 0.080%
L'Oreal 0.060%
Unilever Plc 0.060%
Bayer Ag-Reg 0.060%
Basf Se 0.060%
Groupe Danone 0.050%
Colgate-Palmolive Company 0.050%
Air Liquide Sa 0.050%
Reckitt Benckiser 0.050%
Dowdupont Inc 0.050%
Ecolab Inc 0.050%
Kimberly-Clark Corp 0.040%
Air Products & Chemicals Inc 0.040%
Walgreens Boots Alliance Inc 0.040%
Estee Lauder Companies-Cl A 0.040%
General Mills Inc 0.030%
Shiseido Co Ltd 0.030%
Tesco Plc 0.030%
Ppg Industries Inc 0.030%
Givaudan-Reg 0.020%
Archer-Daniels-Midland Co 0.020%
Koninklijke Dsm Nv 0.020%
Akzo Nobel 0.020%
Clorox Company 0.020%
Church & Dwight Co Inc 0.020%
Essity Aktiebo-B 0.020%
Henkel Ag & Co Kgaa Vorzug 0.020%
Beiersdorf Ag 0.010%
Intl Flavors & Fragrances 0.010%
Coca-Cola European Partners Plc 0.010%
Associated British Foods Plc 0.010%
Burberry Group Plc 0.010%
Symrise Ag 0.010%
Fmc Corp 0.010%
Henkel Ag & Co Kgaa 0.010%
Kikkoman Corp 0.010%
Novozymes A/S-B Shares 0.010%
Albemarle Corp 0.010%
Chr Hansen Holding A/S 0.010%
Coca-Cola Hbc Ag 0.010%
Newell Brands Inc 0.010%
Cabot Oil & Gas Corp 0.010%
Solvay Sa 0.010%
Croda International Plc 0.010%
Johnson Matthey Plc 0.010%
Arkema 0.010%
Sumitomo Chemical Co Ltd 0.010%
Sainsbury (J) Plc 0.010%
Evonik Industries Ag 0.010%
Kose Corp 0.010%
Jeronimo Martins 0.010%
Unilever Indonesia Tbk Pt 0.010%

Download the fund's disclosure statement and portfolio holdings.

Latest news

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 invested. 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.