AMP KiwiSaver Scheme
AMP Nikko AM Balanced Fund

In their own words: "The fund aims to provide investors with a carefully constructed balance of diversified assets in a manner that aims to both optimise investment returns and minimise the risks of investment loss, and to preserve the capital value of investing funds over the longer term in real terms."

At a glance:

Not Mindful
Type: Growth fund
Past Returns: 6.47%

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

Annual Fees: 1.78%

Annual fees, including membership and % management fee, assuming $10,000 investment.

More information:

A summary of this fund and it's details.

Number FND139
Name AMP Nikko AM Balanced Fund
Risk profile Growth fund
Description The fund aims to provide investors with a carefully constructed balance of diversified assets in a manner that aims to both optimise investment returns and minimise the risks of investment loss, and to preserve the capital value of investing funds over the longer term in real terms.
Value $66M NZD
Members 2,680
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 Sun March 31st 2019
Fund started Mon Oct. 1st 2007
Three-year average return 6.47%
Market index past year return 7.69%
Past year return net charges and tax 4.67
Past year return net of charges gross of tax 5.3
Market index return since fund started 9.01%
Return since fund started net 7.78%
Total annual fund fees 1.78
Total performance based fees 0.0
Manager's basic fee 1.07
Administration charges 0.71
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 31 March 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2019 6.87% 4.67%
2018 7.63% 9.6%
2017 8.87% 5.13%
2016 3.62% 7.31%
2015 13.73% 12.27%
2014 8.43% 7.6%
2013 12.00% 9.77%
2012 -1.50% -0.1%
2011 6.13% 5.05%
2010 23.64% 17.47%

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 31 March 2019.

Showing the top 10 investments for this fund:

  • Nikko AM Wholesale Balanced Fund
    New Zealand Fund
    100.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 5.0% 5.0%
New Zealand Fixed Interest 18.0% 17.96%
International Fixed Interest 5.0% 5.01%
Australasian Equities 21.0% 21.21%
International Equities 26.0% 26.06%
Listed Properties 5.0% 5.2%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 20.0% 19.56%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

Key Personnel

  • Blair Robert Vernon

    Currently: Investment Committee Member (7 years, 9 months)
    Previously: Managing Director, AMP Financial Services (2 years, 3 months)

  • Simon John Hoole

    Currently: Investment Committee Member (2 years, 2 months)
    Previously: Chief Financial Officer, AMP Financial Services (5 years, 3 months)

  • Therese Mary Singleton

    Currently: Investment Committee Member (4 years, 2 months)
    Previously: General Manager, Advice & Sales, AMP Financial Services (2 years, 3 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.04%
  • Animal Testing:
    2.81%
  • Fossil Fuels:
    1.37%
  • Gambling:
    1.69%
  • GMOs:
    0.04%
  • Human Rights & Environmental Violations:
    0.03%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. 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.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. 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.

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.

Download the fund's disclosure statement and portfolio holdings.

This information has been sourced from the six monthly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

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