ASB Group Investments Limited
Growth Fund
ASB KiwiSaver SchemeGrowth
What the provider says about this fund
To provide high total returns allowing for large movements of value up and down. The number of years with negative returns are generally expected to be higher than the Balanced Fund but lower than the Aggressive Fund. 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 Growth Fund invests in income and growth assets with a target investment mix of 22% income assets and 78% growth assets.
1-year return
11.16%
5-year return p.a.
6.18%
Total annual fee
0.70%
Fund size ($m)
6869.0
Members
148,731
Inception date
2 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
79.29%
Income assets
20.71%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 19.24% | 20.70% | 20.20% |
| Cash and equivalents | 0.48% | 3.00% | 6.14% |
| International bonds | 7.98% | 6.50% | 8.75% |
| International shares | 54.86% | 57.30% | 51.02% |
| New Zealand bonds | 12.25% | 12.50% | 7.35% |
| Unknown | 0.00% | 0.00% | 0.00% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | NVIDIA CORP | Shares | International Equities | US | 3.11% |
| 2 | APPLE INC | Shares | International Equities | US | 2.41% |
| 3 | FISHER & PAYKEL HEALTHCARE | Shares | Australasian Equities | NZ | 2.24% |
| 4 | ASB Bank Account NZD | Cash | Cash and Cash Equivalents | NZ | 1.84% |
| 5 | MICROSOFT CORP | Shares | International Equities | US | 1.75% |
| 6 | AUCKLAND INTERNATIONAL AIRPORT LTD | Shares | Australasian Equities | NZ | 1.46% |
| 7 | NEW ZEALAND GOVT 200935 2.50 INDEXED BOND | Bonds | New Zealand Fixed Interest | NZ | 1.34% |
| 8 | ALPHABET INC CAP CL C | Shares | International Equities | US | 1.27% |
| 9 | TAIWAN SEMICON MANUFACTURING CO LTD | Shares | International Equities | TW | 1.27% |
| 10 | AMAZON COM INC | Shares | International Equities | US | 1.22% |
Fees
0.70% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 0.70% | $210 | 0.92% |
| Other fees | 0.00% | $0 | 0.10% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.70% | $210 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 10.31% | 8.61% |
| 31 March 2018 | 8.13% | 7.38% |
| 31 March 2019 | 8.23% | 7.03% |
| 31 March 2020 | -6.17% | -3.37% |
| 31 March 2021 | 26.84% | 28.64% |
| 31 March 2022 | 2.56% | 2.17% |
| 31 March 2023 | -2.31% | -3.69% |
| 31 March 2024 | 13.99% | 14.25% |
| 31 March 2025 | 6.30% | 3.98% |
| 31 March 2026 | 11.16% | 7.60% |
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 |