AMP International Fixed Interest Fund

In their own words: "This is a single sector fund with a diversified portfolio of international fixed interest securities using a combination of specialist investment managers. The multi-manager approach provides exposure to a range of sectors, securities and diversification across investment approaches. The fund aims to primarily preserve the value of your investment with some capital growth by investing in fixed interest securities issues in bond markets around the world (which may include NZ bond markets)."

At a glance:

Not Mindful
Type: Defensive fund
Past Returns: *1.50%

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 FND611
Name AMP International Fixed Interest Fund
Risk profile Defensive fund
Description This is a single sector fund with a diversified portfolio of international fixed interest securities using a combination of specialist investment managers. The multi-manager approach provides exposure to a range of sectors, securities and diversification across investment approaches. The fund aims to primarily preserve the value of your investment with some capital growth by investing in fixed interest securities issues in bond markets around the world (which may include NZ bond markets).
Value $720k NZD
Members 72
Market index description Bloomberg Barclays Global Aggregate Index (100% hedged to NZD)
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Thu July 28th 2016
Three-year average return *1.50%
Market index past year return 9.96%
Past year return net charges and tax 5.92%
Past year return net of charges gross of tax 8.32%
Market index return since fund started 3.61%
Return since fund started net 1.71%
Total annual fund fees 0.96%
Total performance based fees 0.0%
Manager's basic fee 0.82%
Administration charges 0.14%
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% 2.4%
2018 2.15% 0.61%

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:

  • United States Treasury Note Bond Maturing 15 Aug 24
    United States Int Fixed Interest AA+
    1.41%
  • United States Treasury Note Bond Maturing 15 Feb 36
    United States Int Fixed Interest AA+
    1.08%
  • Fannie Mae Pool Bond Maturing 10 Oct 49
    United States Int Fixed Interest AA+
    1.01%
  • United States Treasury Note Bond Maturing 31 Mar 22
    United States Int Fixed Interest AA+
    0.85%
  • United States Treasury Note Bond Maturing 31 Jul 22
    United States Int Fixed Interest AA+
    0.78%
  • Japan Treasury Discount Bill Bond Maturing 28 Oct 19
    Japan Int Fixed Interest A
    0.74%
  • Fannie Mae Pool Bond Maturing 15 Oct 43
    United States Int Fixed Interest AA+
    0.72%
  • Italy Buoni Poliennali Del Tesoro Bond Maturing 01 May 23
    Italy Int Fixed Interest BBB-
    0.72%
  • Ginnie Mae Ii Pool Bond Maturing 15 Oct 43
    United States Int Fixed Interest AA+
    0.65%
  • Italy Buoni Poliennali Del Tesoro Bond Maturing 01 May 21
    Italy Int Fixed Interest BBB-
    0.61%

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 0.0% 2.19%
New Zealand Fixed Interest 0.0% 0.14%
International Fixed Interest 100.0% 97.67%
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, 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:
    0.14%
  • Animal Testing:
    0.69%
  • Fossil Fuels:
    1.60%
  • Gambling:
    0.00%
  • GMOs:
    0.20%
  • Human Rights & Environmental Violations:
    0.28%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.02%

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

Santos Finance Ltd - 14/09/2027 0.09%
Apt Pipelines Ltd - 22/03/2030 0.08%
Bp Capital Markets Plc - 03/07/2026 0.08%
Occidental Petroleum Corp - 15/08/2029 0.07%
Concho Resources Inc - 15/08/2048 0.06%
Bp Capital Markets America Inc - 04/05/2026 0.06%
Conocophillips Co - 15/03/2026 0.05%
Cimarex Energy Co - 15/05/2027 0.05%
Cimarex Energy Co - 15/03/2029 0.04%
Bp Capital Markets Plc - 16/02/2027 0.04%
Mplx Lp - 01/12/2047 0.04%
Mplx Lp - 01/03/2027 0.04%
Shell International Finance Bv - 11/05/2045 0.04%
Shell International Finance Bv - 24/03/2021 0.04%
Abu Dhabi National Energy Co P (1) - 22/06/2026 0.03%
Bp Capital Markets America Inc - 19/09/2022 0.03%
Exxon Mobil Corp - 01/03/2021 0.03%
Marathon Petroleum Corp - 01/04/2048 0.03%
Petroleos Mexicanos - 13/03/2027 0.03%
Equinor Asa - 10/09/2025 0.03%
Glencore Funding Llc - 27/10/2022 0.03%
Eni Spa - 17/01/2027 0.02%
Total Capital International Sa - 19/11/2021 0.02%
Kinder Morgan Energy Partners - 01/03/2043 0.02%
Cnooc Nexen Finance 2014 Ulc - 30/04/2024 0.02%
Abu Dhabi National Energy Co P (2) - 22/06/2026 0.02%
Korea Gas Corp - 20/07/2027 0.02%
Chevron Corp - 03/03/2024 0.02%
Lyb International Finance Ii B - 02/03/2027 0.02%
Eog Resources Inc - 01/04/2020 0.02%
Exxon Mobil Corp - 16/08/2029 0.02%
Total Sa - 02/12/2022 0.02%
Dominion Energy Inc - 01/07/2020 0.02%
Canadian Natural Resources Ltd - 01/12/2026 0.02%
Shell International Finance Bv - 10/05/2046 0.02%
Total Sa - 18/05/2022 0.02%
Kinder Morgan Inc/De - 01/06/2045 0.02%
Sunoco Logistics Partners Oper - 01/10/2047 0.02%
Suncor Energy Inc - 01/12/2024 0.02%
Enbridge Inc - 27/08/2042 0.02%
Oneok Inc - 13/07/2027 0.02%
Husky Energy Inc - 10/03/2027 0.02%
Occidental Petroleum Corp - 15/02/2027 0.02%
Conocophillips - 01/02/2039 0.01%
Lyb International Finance Iii - 15/10/2049 0.01%
Occidental Petroleum Corp - 15/03/2046 0.01%
BHP Billiton Finance Usa Ltd - 30/09/2043 0.01%
Engie Sa - 19/09/2033 0.01%
Bp Capital Markets Plc - 26/06/2029 0.01%
Total Sa - 26/02/2025 0.01%
Gazprom Oao Via Gaz Capital Sa - 21/03/2026 0.01%
Petroleos Mexicanos - 21/02/2028 0.01%
Anglo American Capital Plc - 18/09/2025 0.01%
Ecopetrol Sa - 26/06/2026 0.01%
Apache Corp - 15/01/2037 0.01%
Eqt Corp - 01/10/2022 0.01%

Weapons

Rockwell Collins Inc - 15/03/2022 0.02%

Alcohol

Anheuser-Busch Cos Llc / Anheu - 01/02/2046 0.03%
Anheuser-Busch Inbev Sa/Nv - 17/03/2025 0.02%
Lvmh Moet Hennessy Louis Vuitt - 26/05/2024 0.02%
Molson Coors Brewing Co - 01/05/2042 0.02%
Constellation Brands Inc - 15/02/2023 0.02%
Anheuser-Busch Inbev Finance I - 01/02/2023 0.01%
Anheuser-Busch Inbev Sa/Nv - 24/05/2029 0.01%
Anheuser-Busch Inbev Worldwide - 23/01/2029 0.01%

GMOs

Novartis Capital Corp - 06/05/2044 0.09%
Vilmorin & Cie Sa - 26/05/2021 0.03%
Novartis Finance Sa - 31/03/2021 0.02%
Syngenta Finance Nv - 24/04/2023 0.02%
Nutrien Ltd - 01/04/2049 0.01%
Bayer Capital Corp Bv - 26/06/2026 0.01%
Dupont De Nemours Inc - 15/11/2028 0.01%

Human Rights & Environmental Violations

Sempra Energy - 01/02/2023 0.07%
Shell International Finance Bv - 11/05/2045 0.04%
Shell International Finance Bv - 24/03/2021 0.04%
Glencore Funding Llc - 27/10/2022 0.03%
Sempra Energy - 15/10/2039 0.02%
Vale Overseas Ltd - 10/08/2026 0.02%
Shell International Finance Bv - 10/05/2046 0.02%
Nestle Finance International L - 02/11/2037 0.01%
BHP Billiton Finance Usa Ltd - 30/09/2043 0.01%
Nutrien Ltd - 01/04/2049 0.01%
Johnson & Johnson - 03/03/2037 0.01%
Duke Energy Corp - 15/08/2022 0.01%

Animal Testing

Newell Brands Inc - 01/04/2026 0.120%
Walgreens Boots Alliance Inc - 01/06/2026 0.070%
Bayer US Finance Ii Llc - 15/12/2028 0.060%
Shell International Finance Bv - 11/05/2045 0.040%
Shell International Finance Bv - 24/03/2021 0.040%
Pepsico Inc - 15/10/2027 0.030%
Argentum Netherlands Bv For Sw - 15/08/2052 0.020%
Bayer US Finance Ii Llc - 25/06/2038 0.020%
Syngenta Finance Nv - 24/04/2023 0.020%
Reckitt Benckiser Treasury Ser - 24/06/2022 0.020%
Glaxosmithkline Capital Plc - 18/12/2045 0.020%
Shell International Finance Bv - 10/05/2046 0.020%
Lvmh Moet Hennessy Louis Vuitt - 26/05/2024 0.020%
Ecolab Inc - 01/12/2027 0.020%
Kraft Heinz Foods Co - 01/04/2030 0.020%
Kraft Heinz Foods Co - 01/06/2046 0.010%
Nestle Finance International L - 02/11/2037 0.010%
Procter & Gamble Co/The - 25/10/2029 0.010%
Coca-Cola Co/The - 02/09/2036 0.010%
Kraft Heinz Foods Co - 25/05/2028 0.010%
Air Liquide Finance Sa - 08/03/2027 0.010%
Bayer Capital Corp Bv - 26/06/2026 0.010%
Danone Sa - 23/06/2023 0.010%
Johnson & Johnson - 03/03/2037 0.010%
General Mills Inc - 10/02/2027 0.010%
Procter & Gamble Co/The - 11/08/2022 0.010%
Coca-Cola Co/The - 27/10/2020 0.010%

Download the fund's disclosure statement and portfolio holdings.

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