AMP KiwiSaver Scheme
AMP Conservative Fund (Lifesteps)

In their own words: "The fund has a well-diversified portfolio that primarily invests in lower-risk income assets with a conservative allocation to growth assets. The fund aims to achieve modest to medium returns, in exchange there may be small movements up and down in the value of your investments."

At a glance:

Not Mindful
Type: Conservative fund
Past Returns: *3.69%

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

Annual Fees: 0.96%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND4453
Name AMP Conservative Fund (Lifesteps)
Risk profile Conservative fund
Description The fund has a well-diversified portfolio that primarily invests in lower-risk income assets with a conservative allocation to growth assets. The fund aims to achieve modest to medium returns, in exchange there may be small movements up and down in the value of your investments.
Value $130M NZD
Members 3,548
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 Mon Sept. 30th 2019
Fund started Mon Oct. 1st 2007
Three-year average return *3.69%
Market index past year return 7.74%
Past year return net charges and tax 5.19%
Past year return net of charges gross of tax 6.6%
Market index return since fund started 6.07%
Return since fund started net 4.17%
Total annual fund fees 0.96%
Total performance based fees 0.0%
Manager's basic fee 0.87%
Administration charges 0.09%
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 4.40% 4.54%
2018 3.80% 2.83%
2017 4.16% 3.57%
2016 3.52% 1.45%
2015 8.10% 6.9%
2014 3.88% 3.13%
2013 6.92% 5.78%
2012 3.16% 3.02%
2011 5.06% 4.01%
2010 10.26% 5.72%

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
    7.66%
  • Call Account (ANZ 32 Day Constant Maturity Date)
    New Zealand Cash and Equivalents AA
    2.86%
  • New Zealand Government Bond Maturing 15 Apr 27
    New Zealand NZ Fixed Interest AA+
    2.5%
  • New Zealand Government Bond Maturing 20 Apr 29
    New Zealand NZ Fixed Interest AA+
    1.99%
  • Call Account (Rabobank Advance Account NZD)
    New Zealand Cash and Equivalents A
    1.97%
  • New Zealand Government Bond Maturing 15 Apr 37
    New Zealand NZ Fixed Interest AA+
    1.57%
  • New Zealand Government Bond Maturing 14 Apr 33
    New Zealand NZ Fixed Interest AA+
    1.43%
  • Orbis Global Equity Le Fund
    Australia International Equities N/A
    1.27%
  • New Zealand Local Government Funding Agency Bond Maturing 15 Apr 25
    New Zealand NZ Fixed Interest AA+
    0.88%
  • Gam Systematic Alternative Risk Premia Fund
    Australia Other N/A
    0.7%

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 23.0% 23.89%
New Zealand Fixed Interest 25.0% 25.67%
International Fixed Interest 28.0% 23.87%
Australasian Equities 6.0% 6.13%
International Equities 14.25% 16.29%
Listed Properties 2.5% 2.74%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.63% 0.7%
Commodities 0.63% 0.71%

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, 3 months)
    Previously: Chief Executive, AMP Wealth Management New Zealand (0 years, 9 months)

  • Jeffery Darren Ruscoe

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

  • Timothy Pritchard

    Currently: Investment Committee Member (0 years, 6 months)
    Previously: General Counsel, AMP Wealth Management New Zealand (1 years, 4 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:
    0.19%
  • Animal Testing:
    1.13%
  • Fossil Fuels:
    2.00%
  • Gambling:
    0.18%
  • GMOs:
    0.14%
  • Human Rights & Environmental Violations:
    0.76%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.09%
  • Weapons:
    0.07%

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

Enbridge Inc 0.18%
BHP Group Ltd 0.13%
Nextera Energy Inc 0.13%
Kinder Morgan Inc/De 0.11%
Gibson Energy Inc 0.07%
Plains Gp Holdings Lp 0.06%
South32 Ltd 0.04%
Semgroup Corp 0.04%
Origin Energy Ltd 0.04%
Apa Group 0.04%
Cheniere Energy Inc 0.04%
Exxon Mobil Corp 0.04%
Royal Dutch Shell Plc-B Shs 0.03%
Royal Dutch Shell Plc-A Shs - London Se 0.03%
Total Sa 0.03%
Bp Plc 0.03%
Chevron Corp 0.03%
Pembina Pipeline Corp 0.03%
Santos Ltd 0.03%
BHP Group Plc 0.03%
Conocophillips 0.03%
Woodside Petroleum Ltd 0.02%
Anglo American Plc - London Se 0.02%
Santos Finance Ltd - 14/09/2027 0.02%
Apt Pipelines Ltd - 22/03/2030 0.02%
Bp Capital Markets Plc - 03/07/2026 0.02%
Koninklijke Vopak Nv 0.02%
Occidental Petroleum Corp - 15/08/2029 0.02%
Phillips 66 0.02%
Omv Ag 0.02%
Concho Resources Inc - 15/08/2048 0.01%
Bp Capital Markets America Inc - 04/05/2026 0.01%
Conocophillips Co - 15/03/2026 0.01%
Suncor Energy Inc 0.01%
Eni Spa 0.01%
Cimarex Energy Co - 15/05/2027 0.01%
Occidental Petroleum Corp 0.01%
Infraestructura Energetica Nov 0.01%
Cimarex Energy Co - 15/03/2029 0.01%
Targa Resources Corp 0.01%
Glencore Plc 0.01%
Bp Capital Markets Plc - 16/02/2027 0.01%
Apache 0.02%
Total 0.02%
Inpex 0.02%

Weapons

Meggitt Plc 0.01%
Mitsubishi 0.03%

Tobacco

British American Tobacco 0.06%
Imperial Brands 0.03%

Gambling

Skycity Entertainment Group Lt - Nzx 0.09%
Aristocrat Leisure Ltd 0.02%
Tabcorp Holdings Ltd 0.02%
Las Vegas Sands Corp 0.01%
Crown Resorts Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vuitt 0.03%
Diageo Plc 0.03%
Carlsberg A/S 0.02%
Delegat Group Ltd 0.01%
Anheuser-Busch Inbev Sa/Nv 0.01%

Palm Oil

GMOs

Novartis Ag 0.05%
Novartis Capital Corp - 06/05/2044 0.02%
Bayer Ag 0.01%

Human Rights & Environmental Violations

BHP Group Ltd 0.13%
Sempra Energy 0.10%
Johnson & Johnson 0.10%
Nestle Sa 0.10%
Duke Energy Corp 0.04%
Royal Dutch Shell Plc-B Shs 0.03%
Royal Dutch Shell Plc-A Shs - London Se 0.03%
Chevron Corp 0.03%
BHP Group Plc 0.03%
Sempra Energy - 01/02/2023 0.02%
Glencore Plc 0.01%
Vale 0.03%

Animal Testing

Johnson & Johnson 0.100%
Nestle Sa 0.100%
Procter & Gamble Co/The 0.090%
Pepsico Inc 0.060%
Coca-Cola Co/The 0.040%
Royal Dutch Shell Plc-B Shs 0.030%
Royal Dutch Shell Plc-A Shs - London Se 0.030%
Chevron Corp 0.030%
Newell Brands Inc - 01/04/2026 0.030%
Lvmh Moet Hennessy Louis Vuitt 0.030%
Colgate-Palmolive Co 0.030%
Unilever Plc 0.020%
Walgreens Boots Alliance Inc - 01/06/2026 0.020%
Glaxosmithkline Plc 0.020%
Kimberly-Clark Corp 0.020%
Bayer US Finance Ii Llc - 15/12/2028 0.010%
Bayer Ag 0.010%
Walgreens Boots Alliance Inc 0.010%
L'Oreal Sa 0.010%
Unilever Nv 0.010%
Ecolab Inc 0.010%
Air Products & Chemicals Inc 0.010%
General Mills Inc 0.010%
British American Tobacco 0.059%
Imperial Brands 0.030%
Mitsubishi 0.028%
Reckitt Benckiser Group 0.022%

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.