ASB Group Investments Limited
Moderate Fund
ASB KiwiSaver SchemeBalanced
What the provider says about this fund
To provide moderate total returns allowing for moderate movements of value up and down. The number of years with negative returns are generally expected to be higher than the Conservative Fund but lower than the Balanced 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 Moderate Fund invests in income and growth assets with a target investment mix of 64% income assets and 36% growth assets.
1-year return
7.05%
5-year return p.a.
3.55%
Total annual fee
0.60%
Fund size ($m)
3112.2
Members
72,888
Inception date
2 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
37.53%
Income assets
62.47%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 6.36% | 8.00% | 13.93% |
| Cash and equivalents | 4.38% | 10.50% | 7.91% |
| International bonds | 25.12% | 23.50% | 19.39% |
| International shares | 25.50% | 28.00% | 35.53% |
| New Zealand bonds | 32.97% | 30.00% | 18.91% |
| Unknown | 0.00% | 0.00% | 0.00% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | ASB Bank Account NZD | Cash | Cash and Cash Equivalents | NZ | 2.26% |
| 2 | WESTPAC DEPOSIT ACC | Cash | Cash and Cash Equivalents | NZ | 1.96% |
| 3 | NEW ZEALAND GOVERNMENT 200429 3.0 GB | Bonds | New Zealand Fixed Interest | NZ | 1.94% |
| 4 | NEW ZEALAND GOVT 200935 2.50 INDEXED BOND | Bonds | New Zealand Fixed Interest | NZ | 1.73% |
| 5 | NEW ZEALAND GOVERNMENT 150530 4.50 GB | Bonds | New Zealand Fixed Interest | NZ | 1.72% |
| 6 | NEW ZEALAND GOVERNMENT 150427 4.50 GB | Bonds | New Zealand Fixed Interest | NZ | 1.64% |
| 7 | NEW ZEALAND GOVERNMENT 150531 1.50 GB | Bonds | New Zealand Fixed Interest | NZ | 1.47% |
| 8 | NEW ZEALAND GOVERNMENT 140433 3.50 GB | Bonds | New Zealand Fixed Interest | NZ | 1.43% |
| 9 | NVIDIA CORP | Shares | International Equities | US | 1.40% |
| 10 | NEW ZEALAND GOVERNMENT 150535 4.50 GB | Bonds | New Zealand Fixed Interest | NZ | 1.37% |
Fees
0.60% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.60% | $180 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.60% | $180 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 5.39% | 6.00% |
| 31 March 2018 | 4.95% | 5.23% |
| 31 March 2019 | 6.02% | 5.82% |
| 31 March 2020 | -1.79% | -1.40% |
| 31 March 2021 | 12.12% | 18.18% |
| 31 March 2022 | -1.04% | 0.77% |
| 31 March 2023 | -1.68% | -2.77% |
| 31 March 2024 | 8.41% | 10.89% |
| 31 March 2025 | 5.46% | 4.36% |
| 31 March 2026 | 7.05% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Frank Jasper | Investment Committee member | 3 years, 8 months |
| Jax Mitchell | Investment Committee member | 3 years, 5 months |
| Jonathan Oram | Investment Committee member | 1 year, 11 months |
| Justine Sefton | Investment Committee member | 3 years, 8 months |
| Stephen Moir | Investment Committee Chairman | 2 years, 10 months |