AMP Balanced Fund

In their own words: "The fund has a well-diversified portfolio that has a balance of risk through holding growth assets and an allocation to lower-risk income assets. The fund aims to achieve medium returns, in exchange there will be some movements up and down in the value of your investments."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 6.28%

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

Annual Fees: 1.06%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND134
Name AMP Balanced Fund
Risk profile Balanced fund
Description The fund has a well-diversified portfolio that has a balance of risk through holding growth assets and an allocation to lower-risk income assets. The fund aims to achieve medium returns, in exchange there will be some movements up and down in the value of your investments.
Value $1.0B NZD
Members 27,947
Market index description A composite index is calculated using the target investment mix weightings of the underlying market and peer group indices for the asset classes 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 Mon Oct. 1st 2007
Three-year average return 6.28%
Market index past year return 16.78%
Past year return net charges and tax 14.89%
Past year return net of charges gross of tax 16.16%
Market index return since fund started 8.27%
Return since fund started net 5.81%
Total annual fund fees 1.06%
Total performance based fees 0.0%
Manager's basic fee 1.02%
Administration charges 0.04%
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 5.68% 6.22%
2018 5.63% 5.01%
2017 6.10% 7.61%
2016 4.01% 0.13%
2015 11.09% 10.3%
2014 7.28% 6.03%
2013 10.75% 9.21%
2012 1.75% 1.06%
2011 5.30% 4.69%
2010 16.19% 11.4%

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 Advance Acct)
    New Zealand Cash and Equivalents AA
    4.26%
  • Orbis Global Equity Le Fund
    Australia International Equities N/A
    3.04%
  • Call Account (ANZ 32 Day Constant Maturity Date)
    New Zealand Cash and Equivalents AA
    1.5%
  • New Zealand Government Bond Maturing 15 Apr 27
    New Zealand NZ Fixed Interest AA+
    1.28%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities N/A
    1.15%
  • New Zealand Government Bond Maturing 20 Apr 29
    New Zealand NZ Fixed Interest AA+
    1.08%
  • Fisher & Paykel Healthcare Corp
    New Zealand Australasian Equities N/A
    1.03%
  • Gam Systematic Alternative Risk Premia Fund
    Australia Other N/A
    0.92%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities N/A
    0.85%
  • New Zealand Government Bond Maturing 15 Apr 37
    New Zealand NZ Fixed Interest AA+
    0.82%

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 10.0% 11.12%
New Zealand Fixed Interest 15.0% 14.6%
International Fixed Interest 18.0% 14.02%
Australasian Equities 16.0% 16.09%
International Equities 35.0% 38.13%
Listed Properties 4.0% 4.11%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 1.0% 0.92%
Commodities 1.0% 1.01%

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:
    0.42%
  • Animal Testing:
    2.49%
  • Fossil Fuels:
    3.54%
  • Gambling:
    0.47%
  • GMOs:
    0.25%
  • Human Rights & Environmental Violations:
    1.67%
  • Palm Oil:
    0.03%
  • Tobacco:
    0.22%
  • Weapons:
    0.16%

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 0.35%
Enbridge Inc 0.26%
Nextera Energy Inc 0.20%
Kinder Morgan Inc/De 0.15%
South32 Ltd 0.11%
Origin Energy Ltd 0.10%
Exxon Mobil Corp 0.09%
Gibson Energy Inc 0.09%
Royal Dutch Shell Plc-B Shs 0.09%
Royal Dutch Shell Plc-A Shs - London Se 0.08%
Total Sa 0.08%
Plains Gp Holdings Lp 0.08%
Bp Plc 0.08%
Chevron Corp 0.08%
Santos Ltd 0.07%
BHP Group Plc 0.06%
Woodside Petroleum Ltd 0.06%
Conocophillips 0.06%
Apa Group 0.06%
Cheniere Energy Inc 0.05%
Anglo American Plc - London Se 0.05%
Semgroup Corp 0.05%
Pembina Pipeline Corp 0.04%
Phillips 66 0.04%
Omv Ag 0.04%
Suncor Energy Inc 0.03%
Eni Spa 0.03%
Lukoil Pjsc - Adr - Otc 0.03%
Occidental Petroleum Corp 0.03%
Glencore Plc 0.03%
Engie Sa 0.02%
Valero Energy Corp 0.02%
Koninklijke Vopak Nv 0.02%
Lyondellbasell Industries Nv 0.02%
Dominion Energy Inc 0.02%
Eog Resources Inc 0.02%
Marathon Petroleum Corp 0.02%
Enagas Sa 0.02%
Canadian Natural Resources Ltd 0.02%
Cnooc Ltd 0.02%
Targa Resources Corp 0.02%
Infraestructura Energetica Nov 0.02%
Royal Dutch Shell Plc-A Shs - Ams 0.01%
Oil Search Ltd 0.01%
Altagas Canada Inc 0.01%
Snam Spa 0.01%
Santos Finance Ltd - 14/09/2027 0.01%
Tatneft Pao 0.01%
Apt Pipelines Ltd - 22/03/2030 0.01%
Bp Capital Markets Plc - 03/07/2026 0.01%
Gazprom Pjsc - Adr - Otc 0.01%
Oneok Inc 0.01%
Apache 0.05%
Total 0.05%
Inpex 0.04%

Weapons

Meggitt Plc 0.03%
Transdigm Group Inc 0.02%
Heico Corp 0.01%
Mitsubishi Heavy Industries Lt 0.01%
Mitsubishi 0.07%

Tobacco

British American Tobacco 0.14%
Imperial Brands 0.07%

Gambling

Skycity Entertainment Group Lt - Nzx 0.25%
Aristocrat Leisure Ltd 0.05%
Tabcorp Holdings Ltd 0.05%
Crown Resorts Ltd 0.03%
Las Vegas Sands Corp 0.03%
Genting Singapore Ltd 0.01%
Sands China Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vuitt 0.07%
Diageo Plc 0.07%
Carlsberg A/S 0.04%
Delegat Group Ltd 0.03%
Anheuser-Busch Inbev Sa/Nv 0.03%
Pernod Ricard Sa 0.02%
Treasury Wine Estates Ltd 0.02%
Constellation Brands Inc 0.01%

Palm Oil

GMOs

Novartis Ag 0.13%
Bayer Ag 0.03%
Dupont De Nemours Inc 0.02%
Basf Se 0.02%
Novartis Capital Corp - 06/05/2044 0.01%
Nutrien Ltd 0.01%

Human Rights & Environmental Violations

BHP Group Ltd 0.35%
Johnson & Johnson 0.24%
Nestle Sa 0.24%
Sempra Energy 0.14%
Royal Dutch Shell Plc-B Shs 0.09%
Royal Dutch Shell Plc-A Shs - London Se 0.08%
Chevron Corp 0.08%
Duke Energy Corp 0.08%
BHP Group Plc 0.06%
Glencore Plc 0.03%
Barrick Gold Corp - Tse 0.02%
Vale Sa 0.02%
Petroleo Brasileiro-Spon Adr 0.02%
Royal Dutch Shell Plc-A Shs - Ams 0.01%
Archer-Daniels-Midland Co 0.01%
Nutrien Ltd 0.01%
Mmc Norilsk Nickel Pjsc - Adr - London Se 0.01%
Vale 0.07%

Animal Testing

Johnson & Johnson 0.240%
Nestle Sa 0.240%
Procter & Gamble Co/The 0.220%
Pepsico Inc 0.160%
Coca-Cola Co/The 0.100%
Royal Dutch Shell Plc-B Shs 0.090%
Royal Dutch Shell Plc-A Shs - London Se 0.080%
Chevron Corp 0.080%
Lvmh Moet Hennessy Louis Vuitt 0.070%
Colgate-Palmolive Co 0.070%
Unilever Plc 0.050%
Glaxosmithkline Plc 0.040%
Kimberly-Clark Corp 0.040%
Bayer Ag 0.030%
Walgreens Boots Alliance Inc 0.030%
L'Oreal Sa 0.030%
Unilever Nv 0.030%
Ecolab Inc 0.030%
Air Products & Chemicals Inc 0.030%
General Mills Inc 0.020%
Estee Lauder Cos Inc/The 0.020%
Danone Sa 0.020%
Basf Se 0.020%
Reckitt Benckiser Group Plc 0.020%
Church & Dwight Co Inc 0.020%
Ppg Industries Inc 0.020%
Newell Brands Inc - 01/04/2026 0.020%
Air Liquide Eur5 Prime Fidelit 0.010%
Royal Dutch Shell Plc-A Shs - Ams 0.010%
Clorox Co/The 0.010%
L Brands Inc 0.010%
Coca-Cola Hbc Ag 0.010%
Givaudan Sa 0.010%
Archer-Daniels-Midland Co 0.010%
Air Liquide Sa 0.010%
Walgreens Boots Alliance Inc - 01/06/2026 0.010%
Akzo Nobel Nv 0.010%
British American Tobacco 0.140%
Imperial Brands 0.072%
Mitsubishi 0.065%
Reckitt Benckiser Group 0.053%

Download the fund's disclosure statement and portfolio holdings.

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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 investment. Past returns are not a guide to future returns. 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.