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ASB KIWISAVER SCHEME

POSITIVE IMPACT FUND

ASB Group Investments Limited

Balanced fund type

Here's what the provider says about this fund:

To provide moderate to high returns allowing for large movements of value up and down, from an exposure to a portfolio of investments with a preference for those that make a positive impact on society or the environment. The number of years with negative returns are generally expected to be similar to the Growth Fund in the ASB KiwiSaver Scheme. The Positive Impact Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets.

Considering switching to this fund? Read the must-knows of switching funds before you start the switching process.

Combined fees

This fund
1.13%
vs
Average
1.14%

The combined fees are how much you would have been charged for the year ended 31 March 2021 on the average KiwiSaver balance.

All the averages you see are for this same type of fund, so you’re comparing apples with apples.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$30.00
Average
$24.77

Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.

+ Total fund fees

This fund
1.00%
Average
1.04%
Annual management fee
1.00%
0.87%
Performance-based fees
0.00%
0.03%
Other fees and costs
0.00%
0.11%

Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.

Must-knows of KiwiSaver fees.

Combined fees example

On a balanced fund of $23,500 the annual fees would be approximately:

This fund
$265.00
Average
$267.90

Services

From the March 2021 KiwiSaver provider survey

This fund
90%
vs
Average
74%

We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.

So this rating is more about the quantity than the quality of services. 

Show survey categories

Compare services

Help with investment options

This fund
92%
Average
77%

Communications to members

96%
81%

Other services

79%
61%

Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver. 

More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.

These extras include a range of additional services that are helpful.

Must-knows of KiwiSaver service

Returns

Since July 2016

This fund
No 5-year
data yet
vs
Average
6.82%

Warning about returns!

These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.

Show yearly returns

Compare past returns

All returns shown are after total fund fees (not membership fees) and tax (28% PIR).

Last twelve months

This fund
19.06%
Average
11.52%

The last twelve months refers to July 2020 to June 2021.

In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.

Must-knows of KiwiSaver returns.

More fund details

Balanced fund type

Which is the right type for me?

What’s in this fund

At 30 June 2021

This shows the actual mix of investments that this fund held on 30 June 2021. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.

How this fund invests your money

How this fund invests your money
Cash Bonds Property Shares Other
Assets 0 39.88 0 60.12 0

Fund information

Number of members
3,356
Total value of fund
$84,863,835
Date fund started
25 Jul 2019

More information

More information can be found at:

www.asb.co.nz

Top 10 investments

These assets make up 100% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
International fixed interest AU 38.68 Vanguard Ethically Conscious Global Bond Index Fund Nzd Hdgd
International equities NZ 29.09 Mercer Socially Responsible Overseas Shares Portfolio
International equities NZ 29.01 Mercer Socially Responsible Hedged Overseas Shares Portfolio
Cash and cash equivalents NZ 3.22 Asb Bank Account Nzd

Key personnel

Key personnel
Name Current position Time in role
Nigel Annett Investment Committee Member 7 years, 3 months
Adam Boyd Investment Committee Member 5 years, 1 months
Graeme Edwards Investment Committee Chairman 1 years, 8 months
Stephen Moir Investment Committee Member 0 years, 5 months
John Smith Investment Committee Member 10 years, 1 months