AMP Balanced Fund

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Type: Growth fund
Past Returns: 7.14%

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

Annual Fees: 1.15%

Annual fees, including management and administration fees, but not membership 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.


Fossil Fuel

Anglo American PLC 0.04%
Apa Group 0.02%
Atmos Energy Corp 0.07%
BHP Group Ltd 0.40%
BHP Group PLC 0.03%
Canadian Natural Resources Ltd 0.03%
Cheniere Energy Inc 0.07%
Chevron Corp 0.08%
Coca-Cola Co/The 0.07%
Conocophillips 0.04%
Coronado Global Resources Inc 0.01%
Dominion Energy Inc 0.04%
Enagas SA 0.02%
Enbridge Inc 0.26%
Eneos Holdings Inc 0.01%
Eog Resources Inc 0.02%
Evraz PLC 0.01%
Exxon Mobil Corp 0.08%
Gazprom PJSC-Adr 0.01%
Genesis Energy Ltd 0.10%
Genesis Energy Ltd - 18/03/2022 0.02%
Genesis Energy Ltd - Pn 11/05/2021 0.02%
Genesis Energy Ltd - Pn 19/04/2021 0.02%
Genesis Energy Ltd - Pn 30/06/2021 0.02%
Gibson Energy Inc 0.10%
Glencore PLC 0.02%
Hong Kong & China Gas Co Ltd 0.04%
Itochu Corp 0.03%
Kinder Morgan Inc 0.08%
Lg Corp 0.01%
Lukoil PJSC-Adr 0.02%
Lukoil PJSC-Lon 0.01%
Marathon Petroleum Corp 0.01%
Mitsubishi Corp 0.04%
Mitsui & Co Ltd 0.02%
Neste Oyj 0.03%
Oil Search Ltd 0.05%
Origin Energy Ltd 0.05%
Pembina Pipeline Corp 0.08%
Phillips 66 0.01%
Plains Gp Holdings Lp 0.06%
Posco 0.01%
Public Service Enterprise Grou 0.07%
Reliance Industries Energy 6,373.86 16.44% 0.03%
Repsol SA 0.02%
Royal Dutch Shell PLC-A Shs-Lon 0.03%
Royal Dutch Shell PLC-B Shs 0.04%
Santos Ltd 0.05%
Snam Spa 0.02%
South32 Ltd 0.16%
Sumitomo Corp 0.01%
Suncor Energy Inc 0.03%
Targa Resources Corp 0.02%
Tc Energy Corp 0.15%
Total Se 0.03%
Vale SA 0.03%
Vale SA-Sp Adr 0.02%
Valero Energy Corp 0.01%
Williams Cos Inc/The 0.16%
Woodside Petroleum Ltd 0.03%

Weapons

Amphenol Corp 0.02%
Canadian Tire Corp Ltd 0.02%
Howmet Aerospace 0.09%
Howmet Aerospace Inc 0.01%
Transdigm Group Inc 0.03%

Tobacco

Alimentation Couche-Tard Inc 0.02%
British American Tobacco 0.23%
Seven & I Holdings Co Ltd 0.01%

Gambling

Aristocrat Leisure Ltd 0.05%
Crown Resorts Ltd 0.02%
Evolution Gaming Group 0.01%
Las Vegas Sands Corp 0.01%
Mgm Resorts International 0.02%
Skycity Entertainment Group Lt-Nzx 0.23%
Tabcorp Holdings Ltd 0.02%
Vici Properties Inc 0.06%

Adult Entertainment/Pornography

Mgm Resorts International 0.02%

Alcohol

Anheuser-Busch Inbev SA/Nv 0.02%
Constellation Brands Inc 0.02%
Delegat Group Ltd 0.03%
Diageo PLC 0.03%
Foley Wines Ltd 0.01%
LVMH Moet Hennessy Louis Vuitt 0.06%
Metcash Ltd 0.03%
Treasury Wine Estates Ltd 0.04%

Palm Oil

Posco 0.01%
Wilmar International Ltd 0.01%

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.03%
BHP Group Ltd 0.40%
BHP Group PLC 0.03%
Bank Hapoalim Bm 0.01%
Bank Leumi Le-Israel Bm 0.01%
Barrick Gold Corp-Tse 0.03%
Bayer AG 0.03%
Bayer AG - 06/07/2032 0.02%
Chevron Corp 0.08%
Duke Energy Corp 0.04%
Freeport-Mcmoran Inc 0.02%
Glencore PLC 0.02%
Grupo Mexico Sab De Cv 0.02%
Johnson & Johnson 0.20%
Motorola Solutions Inc 0.02%
Nestle SA 0.15%
Posco 0.01%
Rio Tinto Ltd 0.15%
Rio Tinto PLC 0.06%
Royal Dutch Shell PLC-A Shs-Lon 0.03%
Royal Dutch Shell PLC-B Shs 0.04%
Sempra Energy 0.16%
Vale SA 0.03%
Vale SA-Sp Adr 0.02%
Wilmar International Ltd 0.01%

Animal Testing

Air Liquide SA 0.010%
Air Liquide SA-Pf 0.010%
Akzo Nobel Nv 0.020%
Archer-Daniels-Midland Co 0.030%
Arkema SA 0.010%
Associated British Foods PLC 0.010%
Basf Se 0.030%
Bayer AG 0.030%
Bayer AG - 06/07/2032 0.020%
British American Tobacco 0.230%
Celanese Corp 0.010%
Chevron Corp 0.080%
Clorox Co/The 0.010%
Coca-Cola Co/The 0.070%
Corteva Inc 0.020%
Covestro AG 0.010%
Danone SA 0.020%
Dow Inc 0.030%
Dupont De Nemours Inc 0.020%
Ecolab Inc 0.020%
Estee Lauder Cos Inc/The 0.040%
Fmc Corp 0.010%
Fujifilm Holdings Corp 0.010%
General Mills Inc 0.020%
Givaudan SA 0.010%
Glaxosmithkline PLC 0.050%
Henkel AG & Co Kgaa Vorzug 0.010%
Hermes International 0.010%
Hp Inc 0.080%
International Flavors & Fragra 0.020%
Johnson & Johnson 0.200%
Kao Corp 0.020%
Kellogg Co 0.020%
Kimberly-Clark Corp 0.030%
Kraft Heinz Co/The 0.040%
L'Oreal SA-Pf 0.020%
LVMH Moet Hennessy Louis Vuitt 0.060%
Linde PLC-Etr 0.020%
Linde PLC-Ny 0.050%
Mondelez International Inc 0.040%
Mosaic Co/The 0.010%
Nestle SA 0.150%
Nutrien Ltd 0.030%
Orkla Asa 0.010%
PPG Industries Inc 0.010%
Pepsico Inc 0.090%
Procter & Gamble Co/The 0.210%
Reckitt Benckiser Group PLC 0.040%
Reliance Industries Energy 6,373.86 16.44% 0.030%
Royal Dutch Shell PLC-A Shs-Lon 0.030%
Royal Dutch Shell PLC-B Shs 0.040%
Seven & I Holdings Co Ltd 0.010%
Sherwin-Williams Co/The 0.030%
Sherwin-Williams Co/The - 15/05/2030 0.010%
Shin-Etsu Chemical Co Ltd 0.020%
Symrise AG 0.010%
Tesco PLC 0.010%
Unilever PLC - EUR 0.020%
Unilever PLC - Gbp 0.040%
Yara International Asa 0.020%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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.

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.

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
2021 28.03% 18.5%
2020 -3.79% -3.31%
2019 7.09% 6.22%
2018 8.01% 5.01%
2017 9.24% 7.61%
2016 3.62% 0.13%
2015 13.73% 10.3%
2014 8.43% 6.03%
2013 12.00% 9.21%
2012 -1.50% 1.06%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Orbis Global Equity Le Fund
    Australia International Equities
    3.32%
  • Fisher & Paykel Healthcare Corp
    New Zealand Australasian Equities
    1.55%
  • New Zealand Government Bond Maturing 20 Apr 29
    New Zealand NZ Fixed Interest AA+
    1.19%
  • New Zealand Government Bond Maturing 15 Apr 27
    New Zealand NZ Fixed Interest AA+
    1.05%
  • Microsoft Corp
    United States International Equities
    0.97%
  • Apple Inc
    United States International Equities
    0.9%
  • New Zealand Government Bond Maturing 15 May 31
    New Zealand NZ Fixed Interest AA+
    0.78%
  • Auckland International Airport
    New Zealand Australasian Equities
    0.77%
  • Amazon.Com Inc
    United States International Equities
    0.76%
  • Gam Systematic Alternative Risk Premia Plus Fund
    Australia Other
    0.72%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed March 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 8.63%
New Zealand Fixed Interest 15.0% 13.89%
International Fixed Interest 18.0% 13.28%
Australasian Equities 16.0% 16.33%
International Equities 35.0% 42.09%
Listed Properties 4.0% 4.07%
Unlisted Properties 0.0% 0.0%
Other 1.0% 0.72%
Commodities 1.0% 0.99%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.02%
  • Alcohol:
    0.34%
  • Animal Testing:
    2.75%
  • Fossil Fuels:
    3.58%
  • Gambling:
    0.47%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    1.72%
  • Palm Oil:
    0.04%
  • Tobacco:
    0.26%
  • Weapons:
    0.22%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The fund has a well-diversified portfolio that has a balance of risk through holding growth assets and an allocation to lower-risk income assets. The fund aims to achieve medium returns in exchange there will be some movements up and down in the value of your investments."

Value $1.1B NZD
Period of data report Wed March 31st 2021
Members 26,793
Fund started Mon Oct. 1st 2007
Total annual fund fees 1.15%
Total performance based fees 0.0%
Manager's basic fee 1.03%
Other management and administration charges 0.12%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (2 years, 0 months)
Previously: General Counsel AMP Wealth Management New Zealand (2 years, 10 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (2 years, 0 months)
Previously: Chief Client Officer AMP Wealth Management New Zealand (2 years, 0 months)

Blair Robert Vernon

Currently: Investment Committee Member (9 years, 9 months)
Previously: Chief Executive AMP Wealth Management New Zealand (2 years, 3 months)

Mark David Ennis

Currently: Investment Committee Member (0 years, 8 months)
Previously: Managing Director AdviceFirst Limited (1 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. 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.