Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including any membership and % management fee.
The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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.
A summary of this fund and its details.
| Number | FND130 |
| Name | AMP Cash Fund |
| Risk profile | Defensive fund |
| Description | This is a single sector fund which primarily invests in cash and short-term deposits. The fund aims to achieve modest, stable returns with a very low level of investment risk, in exchange there should be no significant short-term movements up and down in the value of your investments. |
| Value | $120M NZD |
| Members | 4,525 |
| Market index description | Bloomberg NZBond Bank Bill Index |
| Disclosure Statement Period | Tue March 31st 2020 |
| Fund started | Mon Oct. 1st 2007 |
| Three-year average return | 1.07% |
| Market index past year return | 1.50% |
| Past year return net charges and tax | 0.95% |
| Past year return net of charges gross of tax | 1.32% |
| Market index return since fund started | 2.57% |
| Return since fund started net | 1.71% |
| Total annual fund fees | 0.83% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.73% |
| Administration charges | 0.1% |
| Total other charges | 23.4 |
| Total other charges currency | NZD |
Key Personnel
-
Blair Robert Vernon
Currently: Investment Committee Member (8 years, 9 months)
Previously: Chief Executive, AMP Wealth Management New Zealand (1 years, 3 months) -
Jeffery Darren Ruscoe
Currently: Investment Committee Member (1 years, 0 months)
Previously: Chief Client Officer, AMP Wealth Management New Zealand (1 years, 0 months) -
Timothy Pritchard
Currently: Investment Committee Member (1 years, 0 months)
Previously: General Counsel, AMP Wealth Management New Zealand (1 years, 10 months)
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .
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 |
|---|---|---|
| 2020 | 1.56% | 0.95% |
| 2019 | 2.36% | 1.15% |
| 2018 | 2.10% | 1.1% |
| 2017 | 1.65% | 1.25% |
| 2016 | 2.72% | 1.95% |
| 2015 | 4.23% | 2.3% |
| 2014 | 2.00% | 1.95% |
| 2013 | 3.15% | 1.96% |
| 2012 | 3.62% | 2.04% |
| 2011 | 3.17% | 2.48% |
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 31 March 2020 .
Showing the top 10 investments for this fund:
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ANZ Bank New Zealand Ltd Bond Maturing 21 Apr 20
New Zealand NZ Fixed Interest AA-12.19% -
Westpac New Zealand Ltd Bond Maturing 21 Apr 20
New Zealand NZ Fixed Interest AA-7.77% -
Westpac New Zealand Ltd Bond Maturing 19 May 20
New Zealand NZ Fixed Interest AA-7.77% -
Westpac New Zealand Ltd Bond Maturing 18 Jun 20
New Zealand NZ Fixed Interest AA-7.76% -
Call Account (Rabobank Advance Account NZD)
New Zealand Cash and Equivalents A6.8% -
Call Account (Westpac Banking Corporation Advance Acct)
New Zealand Cash and Equivalents AA5.43% -
ASB Bank Ltd Note Maturing 14 Jul 20
New Zealand NZ Fixed Interest AA-3.09% -
ASB Bank Ltd Note Maturing 10 Aug 20
New Zealand Cash and Equivalents AA-2.3% -
ASB Bank Ltd Note Maturing 15 Jun 20
New Zealand Cash and Equivalents AA-2.11% -
ASB Bank Ltd Note Maturing 05 Jun 20
New Zealand Cash and Equivalents AA-1.9%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 2020 .
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 100.0% | 100.0% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 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 31 March 2020 .
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.
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Issue of concernDoes this fund say it excludes this?Actual holdings
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Adult Entertainment/Pornography:0.00%
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Alcohol:0.00%
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Animal Testing:0.00%
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Fossil Fuels:0.00%
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Gambling:0.00%
-
GMOs:0.00%
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Human Rights & Environmental Violations:0.00%
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Palm Oil:0.00%
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Tobacco:0.00%
-
Weapons:0.00%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 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.
In their own words: "This is a single sector fund which primarily invests in cash and short-term deposits. The fund aims to achieve modest, stable returns with a very low level of investment risk, in exchange there should be no significant short-term movements up and down in the value of your investments."
Download the fund's disclosure statement and portfolio holdings.
