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AMP Cash Fund

In their own words: "This is a single sector fund which primarily invests in cash and short-term deposits. The fund aims to achieve modest, stable returns with a very low level of investment risk, in exchange there should be no significant short-term movements up and down in the value of your investments."

At a glance:

Not Mindful
Type: Defensive fund
Past Returns: 1.17%

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

Annual Fees: 0.83%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND130
Name AMP Cash Fund
Risk profile Defensive fund
Description This is a single sector fund which primarily invests in cash and short-term deposits. The fund aims to achieve modest, stable returns with a very low level of investment risk, in exchange there should be no significant short-term movements up and down in the value of your investments.
Value $79M NZD
Members 3,551
Market index description Bloomberg NZBond Bank Bill Index
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Mon Oct. 1st 2007
Three-year average return 1.17%
Market index past year return 1.62%
Past year return net charges and tax 1.01%
Past year return net of charges gross of tax 1.4%
Market index return since fund started 2.61%
Return since fund started net 1.74%
Total annual fund fees 0.83%
Total performance based fees 0.0%
Manager's basic fee 0.73%
Administration charges 0.1%
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 2.26% 1.15%
2018 2.15% 1.1%
2017 1.38% 1.25%
2016 2.64% 1.95%
2015 4.66% 2.3%
2014 2.00% 1.95%
2013 3.15% 1.96%
2012 3.62% 2.04%
2011 3.17% 2.48%
2010 3.39% 2.27%

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:

  • Call Account (Westpac Banking Corporation Ad)
    New Zealand Cash and Equivalents AA
    29.44%
  • Call Account (ANZ 32 Day Constant Maturity D)
    New Zealand Cash and Equivalents AA
    12.43%
  • Call Account (Rabobank Advance Account NZD)
    New Zealand Cash and Equivalents A
    6.74%
  • ASB Bank Ltd Note Maturing 20 Feb 20
    New Zealand Cash and Equivalents AA-
    2.88%
  • ASB Bank Ltd Note Maturing 15 Jun 20
    New Zealand Cash and Equivalents AA-
    2.15%
  • ASB Bank Ltd Note Maturing 05 Jun 20
    New Zealand Cash and Equivalents AA-
    1.93%
  • Nzgt Tributum Ltd Note Maturing 28 Feb 20
    New Zealand Cash and Equivalents AA
    1.88%
  • ANZ Bank New Zealand Ltd Bond Maturing 04 Feb 21
    New Zealand Cash and Equivalents A+
    1.81%
  • ASB Bank Ltd Note Maturing 23 Mar 20
    New Zealand Cash and Equivalents AA-
    1.8%
  • Nzgt Tributum Ltd Note Maturing 28 Jan 20
    New Zealand Cash and Equivalents AA
    1.72%

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 100.0% 100.0%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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:

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.