AMP Growth Fund

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Type: Growth fund
Past Returns: 9.09%

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

Annual Fees: 1.23%

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

Weapons

Teledyne Technologies Inc 0.06%

Gambling

Aristocrat Leisure Ltd 0.08%
Caesars Entertainment Inc 0.02%
Caesars Entertainment Inc 144A 0.01%
Crown Resorts Ltd 0.01%
Draftkings Inc Class A 0.02%
Flutter Entertainment PLC 0.02%
Las Vegas Sands Corp 0.01%
Melco Resorts Entertainment Adr Lt 0.01%
Mgm Resorts International 0.03%
Sands China Ltd 0.03%
Sky City Entertainment Group Ltd 0.27%
Tabcorp Holdings Ltd 0.03%
The Star Entertainment Group Ltd 0.01%

Adult Entertainment/Pornography

Caesars Entertainment Inc 0.02%
Caesars Entertainment Inc 144A 0.01%
Mgm Resorts International 0.03%

Alcohol

Ambev SA 0.02%
Anheuser Busch Inbev SA 0.11%
Asahi Group Holdings Ltd 0.04%
Brown Forman Corp Class B 0.05%
Carlsberg As Cl B 0.03%
China Resources Beer Holdings Ltd 0.01%
Diageo PLC 0.17%
Heineken Nv 0.04%
Kweichow Moutai Ltd A 0.02%
LVMH 0.11%
Pernod Ricard SA 0.03%
Treasury Wine Estates Ltd 0.03%

Palm Oil

GMOs

Corteva Inc 0.07%

Human Rights & Environmental Violations

Evergreen Marine Corp (Taiwan) Ltd 0.01%
Johnson & Johnson 0.37%
Motorola Solutions Inc 0.06%
Nestle SA 0.30%
Rio Tinto Ltd 0.13%
Rio Tinto PLC 0.14%

Animal Testing

Air Liquide SA Temp 0.010%
Akzo Nobel Nv 0.040%
Albemarle Corp 0.020%
Asahi Group Holdings Ltd 0.040%
Associated British Foods PLC 0.020%
Avantor Inc 0.010%
Burberry Group PLC 0.020%
Church and Dwight Inc 0.010%
Clorox 0.050%
Corteva Inc 0.070%
Croda International PLC 0.020%
Danone SA 0.070%
Dow Inc 0.090%
Dupont De Nemours Inc 0.060%
Ecolab Inc 0.160%
Estee Lauder Inc Class A 0.070%
Fmc Corp 0.020%
Fujifilm Holdings Corp 0.010%
General Mills Inc 0.070%
Givaudan SA 0.060%
Glaxosmithkline PLC 0.080%
Henkel AG 0.020%
Hermes International 0.020%
Hp Inc 0.050%
Icl Group Ltd 0.010%
Ingersoll Rand Inc 0.010%
International Flavors & Fragrances 0.060%
Jeronimo Martins SA 0.020%
Johnson & Johnson 0.370%
Johnson Matthey PLC 0.020%
Kao Corp 0.040%
Kellogg 0.050%
Kerry Group PLC 0.030%
Keurig Dr Pepper Inc 0.070%
Kikkoman Corp 0.010%
Kimberly Clark Corp 0.130%
Koninkilijke Dsm Nv 0.030%
Kraft Heinz 0.050%
LVMH 0.110%
Lair Liquide Societe Anonyme Pour 0.040%
Lg Household & Health Care Ltd 0.010%
Linde PLC 0.220%
Loreal SA 0.140%
Loreal SA Eur0.2 (Prime Fidelit) 0.020%
Mondelez International Inc Class A 0.100%
Mosaic 0.030%
Nestle SA 0.300%
Nutrien Ltd 0.100%
Orkla 0.020%
PPG Industries Inc 0.070%
Pepsico Inc 0.320%
Reckitt Benckiser Group PLC 0.070%
Sainsbury(J) PLC 0.020%
Sherwin Williams 0.040%
Shin Etsu Chemical Ltd 0.030%
Shiseido Ltd 0.010%
Solvay SA 0.010%
Svenska Cellulosa B 0.030%
Umicore SA 0.030%
Unilever PLC 0.130%
Yara International 0.030%

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% 25.65%
2020 -3.79% -5.59%
2019 7.09% 7.21%
2018 8.01% 6.29%
2017 9.24% 9.94%
2016 3.62% -0.77%
2015 13.73% 12.09%
2014 8.43% 7.64%
2013 12.00% 10.27%
2012 -1.50% -0.65%

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 June 30th 2021.

Showing the top 10 investments for this fund:

  • Orbis Global Equity Le Fund
    Australia International Equities
    4.17%
  • Fisher & Paykel Healthcare Corp Ltd
    New Zealand Australasian Equities
    2.06%
  • Apple Inc
    United States International Equities
    1.52%
  • Microsoft Corp
    United States International Equities
    1.38%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    1.08%
  • Amazon.Com Inc
    United States International Equities
    1.07%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    0.98%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    0.91%
  • Gam Systematic Alternative Risk Premia Plus Fund
    Australia Other
    0.81%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    0.79%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed June 30th 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 6.0% 4.46%
New Zealand Fixed Interest 7.0% 6.49%
International Fixed Interest 10.0% 5.18%
Australasian Equities 23.0% 23.14%
International Equities 46.5% 54.76%
Listed Properties 5.0% 5.16%
Unlisted Properties 0.0% 0.0%
Other 1.25% 0.81%
Commodities 1.25% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 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:
    0.08%
  • Alcohol:
    0.75%
  • Animal Testing:
    4.32%
  • Fossil Fuels:
    0.05%
  • Gambling:
    0.75%
  • GMOs:
    0.07%
  • Human Rights & Environmental Violations:
    1.05%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.00%
  • Weapons:
    0.08%

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 aims to provide growth primarily through holding growth assets diversified with a lower allocation to lower-risk income assets. The fund aims to achieve medium to high returns in exchange there will be larger movements up and down in the value of your investments."

Value $910M NZD
Period of data report Wed June 30th 2021
Members 28,026
Fund started Mon Oct. 1st 2007
Total annual fund fees 1.23%
Total performance based fees 0.0%
Manager's basic fee 1.04%
Other management and administration charges 0.19%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (2 years, 3 months)
Previously: General Counsel AMP Wealth Management New Zealand (3 years, 1 months)

Jeffery Darren Ruscoe

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

Blair Robert Vernon

Currently: Investment Committee Member (10 years, 0 months)
Previously: Chief Executive AMP Wealth Management New Zealand (2 years, 6 months)

Mark David Ennis

Currently: Investment Committee Member (0 years, 11 months)
Previously: Managing Director AdviceFirst Limited (1 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

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.