Funds

AMP Global Fixed Interest Fund

Find a Mindful Ethical fund »

Issues of concern

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.

Key:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Rwe AG 240530 2.75 Cb 0.04%
    • Saudi Electricity Global Sukuk Co 5 170930 2.413 Cb 0.04%
    • Consolidated Edison Co Of New York Inc 150344 4.45 Cb 0.03%
    • Enel Finance International Nv 250547 4.75 Cb 0.03%
    • Erg Spa 110425 1.875 Cb 0.03%
    • Consolidated Edison Company Of New York Inc 150661 3.60 Cb 0.02%
    • Enel Finance International Nv 170630 0.50 Cb 0.02%
    • Enel Finance International Nv 201027 1.00 Cb 0.02%
    • Enel Spa 101226 2.25 Cb 0.02%
    • Iren Spa 010730 1.00 Cb 0.02%
    • National Grid Gas Finance PLC 220938 2.625 Cb 0.02%
    • Spire Missouri Inc 010651 3.30 Cb 0.02%

  • Weapons

    • Walmart Inc 220941 2.50 Cb 0.02%
    • Walmart Inc 260628 3.70 Cb 0.02%
    • Walmart 260625 3.55 Cb 0.01%
    • Walmart Inc 080726 3.05 Cb 0.01%

  • Alcohol

    • Asahi Group Holdings Ltd 231024 0.155 Cb 0.04%
    • Pernod Ricard SA 070425 1.125 Cb 0.04%
    • Brown Forman Corp 070726 1.20 Cb 0.03%
    • Anheuser Busch Inbev Nv 020432 2.875 Cb 0.02%
    • Anheuser Busch Inbev Nv 240529 2.25 Cb 0.02%
    • Carlsberg Breweries As 010729 0.875 Cb 0.02%
    • Diageo Investment Corp 110542 4.25 Cb 0.02%
    • Heineken Nv 031029 1.50 Cb 0.02%
    • Anheuser Busch Inbev Worldwide Inc 010630 3.50 Cb 0.01%
    • Anheuser Busch Inbev Worlwide Inc 130428 4.00 Cb 0.01%

  • Human Rights & Environmental Violations

    • Credit Suisse Group AG 010431 4.194 Cb 0.05%
    • Credit Suisse Group AG 090128 4.282 Cb 0.05%
    • Activision Blizzard Inc 150930 1.35 Cb 0.03%
    • Credit Suisse Group AG 100929 0.65 Cb 0.03%
    • Johnson and Johnson 010940 2.10 Cb 0.03%
    • Thermo Fisher Scientific Inc 150432 2.375 Cb 0.03%
    • Bayer AG 060724 0.375 Cb 0.02%
    • Caterpillar Inc 090430 2.6 Cb 0.02%
    • Credit Suisse AG London Branch 151225 1.125 Cb 0.02%
    • Nestle Holdings Inc 140941 2.50 Cb 0.02%
    • Nutrien Ltd 130523 1.90 Cb 0.02%
    • Bayer Corp 150228 6.65 Cb 0.01%
    • Nestle Finance International Ltd SA 180124 0.375 Cb 0.01%
    • Nutrien Ltd 010449 5.00 Cb 0.01%

  • Animal Cruelty

    • Ecolab Inc 240330 4.80 Cb 0.05%
    • Kraft Heinz Foods Co 150745 5.20 Cb 0.05%
    • Air Liquide Finance SA 270926 2.50 Cb 0.04%
    • Asahi Group Holdings Ltd 231024 0.155 Cb 0.04%
    • Danone SA 021126 2.947 Cb 0.04%
    • Kraft Heinz Foods Co 010430 3.75 Cb 0.04%
    • Unilever Nv 120227 1.125 Cb 0.04%
    • Yara International SA 040630 3.148 Cb 0.04%
    • 3M Co 260829 2.375 Cb 0.02%
    • Air Liquide Finance SA 130628 1.25 Cb 0.02%
    • Akzo Nobel Nv 071124 1.75 Cb 0.02%
    • Arkema SA 200125 1.50 Cb 0.02%
    • Bayer AG 060724 0.375 Cb 0.02%
    • Danone SA 031128 1.208 Cb 0.02%
    • Dow Chemical Co 150327 0.50 Cb 0.02%
    • Dow Chemical Co 151150 3.60 Cb 0.02%
    • Dow Chemical Co 301128 4.80 Cb 0.02%
    • Evonik Finance Bv 070924 0.375 Cb 0.02%
    • General Mills Inc 170428 4.20 Cb 0.02%
    • Hormel Foods Corp 110630 1.80 Cb 0.02%
    • Imerys SA 101224 2.00 Cb 0.02%
    • Jab Holdings Bv 180528 2.00 Cb 0.02%
    • Kering SA 100526 1.25 Cb 0.02%
    • Keurig Dr Pepper Inc 250528 4.597 Cb 0.02%
    • Lanxess AG 220328 1.75 Cb 0.02%
    • Mondelez International Inc 130430 2.75 Cb 0.02%
    • Nestle Holdings Inc 140941 2.50 Cb 0.02%
    • Nutrien Ltd 130523 1.90 Cb 0.02%
    • PPG Industries Inc 031125 0.875 Cb 0.02%
    • PPG Industries Inc 150326 1.20 Cb 0.02%
    • Pepsico Inc 140446 4.45 Cb 0.02%
    • Pepsico Inc 141033 0.75 Cb 0.02%
    • Sherwin Williams Co 010627 3.45 Cb 0.02%
    • Tesco Corporate Treasury Services PLC 270430 2.75 Cb 0.02%
    • Tesco Property Finance 5 PLC 131041 5.6611 Sf 0.02%
    • Unilever Capital Corp 050524 2.60 Cb 0.02%
    • Unilever Capital Corp 220328 3.5 Cb 0.02%
    • Wendel SA 090227 2.50 Cb 0.02%
    • Bayer Corp 150228 6.65 Cb 0.01%
    • Kellogg Co 010431 7.45 Cb 0.01%
    • Mondelez International Inc 040950 2.625 Cb 0.01%
    • Nestle Finance International Ltd SA 180124 0.375 Cb 0.01%
    • Nutrien Ltd 010449 5.00 Cb 0.01%
    • Pepsico Inc 010324 3.60 Cb 0.01%
    • Pepsico Inc 071023 0.40 Cb 0.01%
    • Pepsico Inc 151027 3.00 Cb 0.01%
    • Unilever Capital Corp 151132 5.90 Cb 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 2022 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.

About this fund

In their own words

This is a single sector fund with a diversified portfolio of international fixed interest securities. 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 $580k NZD
Period of data report 31st Dec. 2022
Members 63
Fund started 28th July 2016
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.69%
Other management and administration charges 0.09%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Jeffery Darren Ruscoe

Currently: Investment Committee Member (3 years, 9 months)
Previously: Managing Director, AMP Wealth Management New Zealand (0 years, 8 months)

Mark David Ennis

Currently: Investment Committee Member (2 years, 5 months)
Previously: Managing Director, AdviceFirst Limited (2 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.

Investment Exclusions

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.25%
Animal Cruelty 1.19%
Fossil Fuels 0.31%
Gambling 0.00%
GMOs 0.00%
Human Rights & Environmental Violations 0.42%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.07%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30th Sept. 2022 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 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.

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
2022 -1.63% -3.49%
2021 1.50% 0.54%
2020 1.63% 3.5%
2019 2.29% 2.4%
2018 2.05% 0.61%

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 Dec. 2022.

Top 10 Investments

  • United States Government Bond - Maturing 30 Apr 2024
    United States Int Fixed Interest AAA
    1.63%
  • BNP USD Account
    United States Cash and Equivalents
    1.15%
  • Japanese Government Bond - Maturing 20 Mar 2026
    Japan Int Fixed Interest A1
    1.14%
  • United States Government Bond - Maturing 15 Oct 2024
    United States Int Fixed Interest AAA
    1.04%
  • United States Government Bond - Maturing 30 Jun 2024
    United States Int Fixed Interest AAA
    1.03%
  • United States Government Bond - Maturing 31 Jan 2027
    United States Int Fixed Interest AAA
    1.02%
  • Japanese Government Bond - Maturing 20 Mar 2024
    Japan Int Fixed Interest A1
    0.97%
  • Japanese Government Bond - Maturing 20 Dec 2027
    Japan Int Fixed Interest A1
    0.88%
  • United States Government Bond - Maturing 31 Mar 2026
    United States Int Fixed Interest AAA
    0.82%
  • United States Government Bond - Maturing 28 Feb 2026
    United States Int Fixed Interest AAA
    0.79%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 0.0% 0.25%
International Fixed Interest 100.0% 99.75%
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%

Investment Mix

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

Target

Actual

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.