AMP KiwiSaver Scheme
AMP Aggressive Fund (Lifesteps)

In their own words: "The fund has a well-diversified portfolio that aims to provide growth, primarily through holding growth assets with a low allocation to income assets. The fund aims to achieve high returns, in exchange there will be larger movements up and down in the value of your investments."

At a glance:

Not Mindful
Type: Aggressive fund
Past Returns: 8.57%

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

Annual Fees: 1.12%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND4451
Name AMP Aggressive Fund (Lifesteps)
Risk profile Aggressive fund
Description The fund has a well-diversified portfolio that aims to provide growth, primarily through holding growth assets with a low allocation to income assets. The fund aims to achieve high returns, in exchange there will be larger movements up and down in the value of your investments.
Value $110M NZD
Members 15,838
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 June 30th 2019
Fund started Mon Oct. 1st 2007
Three-year average return 8.57%
Market index past year return 9.50%
Past year return net charges and tax 6.47%
Past year return net of charges gross of tax 7.5%
Market index return since fund started 10.47%
Return since fund started net 7.64%
Total annual fund fees 1.12%
Total performance based fees 0.0%
Manager's basic fee 1.12%
Administration charges 0.0%
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 June 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 10.11% 7.63%
2018 6.68% 6.9%
2017 11.18% 11.17%
2016 4.51% -1.07%
2015 15.30% 13.1%
2014 10.31% 8.53%
2013 13.23% 11.38%
2012 -5.15% -1.67%
2011 7.61% 5.44%
2010 26.74% 16.71%

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 June 2019.

Showing the top 10 investments for this fund:

  • Orbis Global Equity Le Fund
    Australia International Equities N/A
    4.59%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities N/A
    1.93%
  • Call Account (Westpac Banking Corporation Advance Acct)
    New Zealand Cash and Equivalents AA
    1.8%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities N/A
    1.42%
  • Auckland International Airport
    New Zealand Australasian Equities N/A
    1.24%
  • Fisher & Paykel Healthcare Corp
    New Zealand Australasian Equities N/A
    1.22%
  • Contact Energy Ltd
    New Zealand Australasian Equities N/A
    1.14%
  • Gam Systematic Alternative Risk Premia Fund
    Australia Other N/A
    1.12%
  • Kiwi Property Group Ltd
    New Zealand Listed Property N/A
    1.01%
  • Microsoft Corp
    United States International Equities N/A
    0.89%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 5.0% 4.96%
New Zealand Fixed Interest 3.0% 2.88%
International Fixed Interest 5.0% 1.09%
Australasian Equities 24.5% 25.34%
International Equities 52.75% 55.86%
Listed Properties 7.0% 7.51%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 1.38% 1.12%
Commodities 1.38% 1.24%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Key Personnel

  • Blair Robert Vernon

    Currently: Investment Committee Member (8 years, 0 months)
    Previously: Chief Executive, AMP Wealth Management New Zealand (0 years, 6 months)

  • Jeffery Darren Ruscoe

    Currently: Investment Committee Member (0 years, 3 months)
    Previously: Chief Client Officer, AMP Wealth Management New Zealand (0 years, 3 months)

  • Timothy Pritchard

    Currently: Investment Committee Member (0 years, 3 months)
    Previously: General Counsel, AMP Wealth Management New Zealand (1 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 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:
    0.55%
  • Animal Testing:
    3.81%
  • Fossil Fuels:
    5.85%
  • Gambling:
    0.72%
  • GMOs:
    0.41%
  • Human Rights & Environmental Violations:
    2.84%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.27%
  • Weapons:
    0.74%

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.

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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.