Funds

AMP KiwiSaver Defensive Conservative Fund

Total Ethical Concerns: 2.21%

The average total concerns of all KiwiSaver conservative funds is 3.58%.

Companies of Concern

  • Animal Cruelty 0.48%

    • Ecolab, Inc.
      0.06%
      0.06%
    • Givaudan SA
      0.03%
      0.03%
    • PPG Industries, Inc.
      0.03%
      0.03%
    • The Sherwin-Williams Co.
      0.03%
      0.03%
    • 3M
      0.02%
      0.02%
    • Air Liquide
      0.02%
      0.02%
    • Church & Dwight Co., Inc.
      0.02%
      0.02%
    • Kimberly-Clark Corp.
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • The Clorox Co.
      0.02%
      0.02%
    • Bayer
      0.01%
      0.01%
    • Dupont De Nemours
      0.01%
      0.01%
    • Henkel AG & Co. Kgaa
      0.01%
      0.01%
    • L'Oréal SA
      0.01%
      0.01%
    • Umicore
      0.01%
      0.01%
    • Unilever PLC
      0.01%
      0.01%
  • Human Rights Violations 0.7%

    • 0.18%
    • 0.12%
    • 0.09%
    • Ubs
      0.05%
      0.05%
    • General Motors
      0.02%
      0.02%
    • Caterpillar
      0.01%
      0.01%
    • Zte Corp
      0.01%
      0.01%
  • Social Harm 0.28%

  • Fossil Fuels 0.42%

    • Contact Energy Ltd.
      0.20%
      1.5°C
      This company is on a 1.5°C pathway
      0.20%
    • Enel
      0.06%
      1.5°C
      This company is on a 1.5°C pathway
      0.06%
    • Channel Infrastructure
      0.02%
      0.02%
    • Calpine Corp.
      0.01%
      0.01%
  • Weapons 0.07%

    • 0.06%
  • Environmental Harm 0.37%

    • Fonterra
      0.22%
      0.22%
    • 3M
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • Bayer
      0.01%
      0.01%
    • 0.01%
    • Danone
      0.01%
      0.01%
    • Pepsico
      0.01%
      0.01%
    • Unilever PLC
      0.01%
      0.01%

From the Fund Provider

  • About this fund

    About this Fund

    The fund has a diversified portfolio that primarily invests in lower-risk income assets with a conservative allocation to growth assets. The fund aims to preserve the value of your investments and achieve modest returns, in exchange there may be small movements up and down in the value of your investments. This fund is closed to new investors.

    Value $431M NZD
    Period of data report 31st March 2025
    Members 11,561
    Fund started 1st Oct. 2007
    Total annual fund fees 0.44%
    Total performance based fees 0.0%
    Manager's basic fee 0.35%
    Other management and administration charges 0.09%
    Total other charges 23.4
    Total other charges currency NZD

    Jeff Ruscoe

    Currently: Investment Committee, Member(Chairman) (6 years, 0 months)
    Previously: Managing Director, AMP Wealth Management New Zealand (2 years, 11 months)

    Mark Ennis

    Currently: Investment Committee, Member (4 years, 8 months)
    Previously: Managing Director, AdviceFirst Limited (5 years, 1 months)

    Justin Boyes*

    Currently: Investment Committee, Member (0 years, 3 months)
    Previously: GM, Retail Customer (2 years, 7 months)

    Aaron Klee*

    Currently: Investment Committee, Member (0 years, 3 months)
    Previously: GM, Investment Management and Services (2 years, 7 months)

    Craig Stobo*

    Currently: Investment Committee, Independent Member (1 years, 5 months)
    Previously: Chairman, Financial Markets Authority (0 years, 10 months)

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    Past Returns

    Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

    Year Market Average Fund Annual Return
    2025 3.91% 4.3%
    2024 6.48% 5.85%
    2023 -1.85% -1.88%
    2022 -0.74% -1.58%
    2021 8.94% 6.87%
    2020 0.61% 0.6%
    2019 4.19% 3.87%
    2018 3.58% 3.15%
    2017 4.10% 4.21%
    2016 3.52% 2.35%

    The market average is the average 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 31st March 2025.

  • Investments

    Top 10 Investments

    • New Zealand Government Bond - Maturing 20 Apr 2029

      New Zealand NZ Fixed Interest AAA

      2.77%
    • New Zealand Government Bond - Maturing 15 Apr 2027

      New Zealand NZ Fixed Interest AAA

      2.57%
    • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2035

      New Zealand NZ Fixed Interest AAA

      2.29%
    • New Zealand Government Bond - Maturing 15 May 2028

      New Zealand NZ Fixed Interest AAA

      1.99%
    • New Zealand Government Bond - Maturing 15 May 2030

      New Zealand NZ Fixed Interest AAA

      1.92%
    • New Zealand Government Bond - Maturing 14 Apr 2033

      New Zealand NZ Fixed Interest AAA

      1.84%
    • New Zealand Government Bond - Maturing 15 May 2034

      New Zealand NZ Fixed Interest AAA

      1.73%
    • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2030

      New Zealand NZ Fixed Interest AAA

      1.67%
    • New Zealand Government Bond - Maturing 15 May 2031

      New Zealand NZ Fixed Interest AAA

      1.62%
    • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2040

      New Zealand NZ Fixed Interest AAA

      1.49%
    Type Target Actual
    Cash and Cash Equivalents 21.0% 20.6%
    New Zealand Fixed Interest 38.0% 38.71%
    International Fixed Interest 22.0% 22.26%
    Australasian Equities 3.5% 3.4%
    International Equities 12.5% 12.11%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 3.0% 2.92%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2025 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Issues of Concern

  • 0.48% Animal Cruelty
  • 0.7% Human Rights Violations
  • 0.28% Social Harm
  • 0.42% Fossil Fuels
  • 0.07% Weapons
  • 0.37% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Ecolab, Inc.
      0.06%
      0.06%
    • Givaudan SA
      0.03%
      0.03%
    • PPG Industries, Inc.
      0.03%
      0.03%
    • The Sherwin-Williams Co.
      0.03%
      0.03%
    • 3M
      0.02%
      0.02%
    • Air Liquide
      0.02%
      0.02%
    • Church & Dwight Co., Inc.
      0.02%
      0.02%
    • Kimberly-Clark Corp.
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • The Clorox Co.
      0.02%
      0.02%
    • Bayer
      0.01%
      0.01%
    • Dupont De Nemours
      0.01%
      0.01%
    • Henkel AG & Co. Kgaa
      0.01%
      0.01%
    • L'Oréal SA
      0.01%
      0.01%
    • Umicore
      0.01%
      0.01%
    • Unilever PLC
      0.01%
      0.01%
  • Human Rights Violations

    • 0.18%
    • 0.12%
    • 0.09%
    • Ubs
      0.05%
      0.05%
    • General Motors
      0.02%
      0.02%
    • Caterpillar
      0.01%
      0.01%
    • Zte Corp
      0.01%
      0.01%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.20%
      1.5°C
      This company is on a 1.5°C pathway
      0.20%
    • Enel
      0.06%
      1.5°C
      This company is on a 1.5°C pathway
      0.06%
    • Channel Infrastructure
      0.02%
      0.02%
    • Calpine Corp.
      0.01%
      0.01%
  • Weapons

    • 0.06%
  • Environmental Harm

    • Fonterra
      0.22%
      0.22%
    • 3M
      0.02%
      0.02%
    • Nutrien Ltd.
      0.02%
      0.02%
    • Bayer
      0.01%
      0.01%
    • 0.01%
    • Danone
      0.01%
      0.01%
    • Pepsico
      0.01%
      0.01%
    • Unilever PLC
      0.01%
      0.01%

About this Fund

The fund has a diversified portfolio that primarily invests in lower-risk income assets with a conservative allocation to growth assets. The fund aims to preserve the value of your investments and achieve modest returns, in exchange there may be small movements up and down in the value of your investments. This fund is closed to new investors.

Value $431M NZD
Period of data report 31st March 2025
Members 11,561
Fund started 1st Oct. 2007
Total annual fund fees 0.44%
Total performance based fees 0.0%
Manager's basic fee 0.35%
Other management and administration charges 0.09%
Total other charges 23.4
Total other charges currency NZD

Jeff Ruscoe

Currently: Investment Committee, Member(Chairman) (6 years, 0 months)
Previously: Managing Director, AMP Wealth Management New Zealand (2 years, 11 months)

Mark Ennis

Currently: Investment Committee, Member (4 years, 8 months)
Previously: Managing Director, AdviceFirst Limited (5 years, 1 months)

Justin Boyes*

Currently: Investment Committee, Member (0 years, 3 months)
Previously: GM, Retail Customer (2 years, 7 months)

Aaron Klee*

Currently: Investment Committee, Member (0 years, 3 months)
Previously: GM, Investment Management and Services (2 years, 7 months)

Craig Stobo*

Currently: Investment Committee, Independent Member (1 years, 5 months)
Previously: Chairman, Financial Markets Authority (0 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2025 3.91% 4.3%
2024 6.48% 5.85%
2023 -1.85% -1.88%
2022 -0.74% -1.58%
2021 8.94% 6.87%
2020 0.61% 0.6%
2019 4.19% 3.87%
2018 3.58% 3.15%
2017 4.10% 4.21%
2016 3.52% 2.35%

The market average is the average 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 31st March 2025.

Top 10 Investments

  • New Zealand Government Bond - Maturing 20 Apr 2029

    New Zealand NZ Fixed Interest AAA

    2.77%
  • New Zealand Government Bond - Maturing 15 Apr 2027

    New Zealand NZ Fixed Interest AAA

    2.57%
  • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2035

    New Zealand NZ Fixed Interest AAA

    2.29%
  • New Zealand Government Bond - Maturing 15 May 2028

    New Zealand NZ Fixed Interest AAA

    1.99%
  • New Zealand Government Bond - Maturing 15 May 2030

    New Zealand NZ Fixed Interest AAA

    1.92%
  • New Zealand Government Bond - Maturing 14 Apr 2033

    New Zealand NZ Fixed Interest AAA

    1.84%
  • New Zealand Government Bond - Maturing 15 May 2034

    New Zealand NZ Fixed Interest AAA

    1.73%
  • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2030

    New Zealand NZ Fixed Interest AAA

    1.67%
  • New Zealand Government Bond - Maturing 15 May 2031

    New Zealand NZ Fixed Interest AAA

    1.62%
  • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2040

    New Zealand NZ Fixed Interest AAA

    1.49%
Type Target Actual
Cash and Cash Equivalents 21.0% 20.6%
New Zealand Fixed Interest 38.0% 38.71%
International Fixed Interest 22.0% 22.26%
Australasian Equities 3.5% 3.4%
International Equities 12.5% 12.11%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 3.0% 2.92%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.