AMP Passive International Shares Fund

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Not Mindful
Type: Aggressive fund
Past Returns: 3.98%

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

Annual Fees: 0.88%

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.


Fossil Fuel

Aes Corp/The 0.02%
Algonquin Power & Utilities Co 0.02%
Alleghany Corp 0.02%
Alliant Energy Corp 0.02%
Altagas Ltd 0.01%
Ameren Corp 0.05%
American Electric Power Co Inc 0.09%
Anglo American PLC 0.07%
Apa Group 0.02%
Arcelormittal SA 0.02%
Atmos Energy Corp 0.02%
Basf Se 0.13%
BHP Group Ltd 0.17%
BHP Group PLC 0.11%
BP PLC 0.13%
Canadian National Railway Co 0.17%
Canadian Natural Resources Ltd 0.04%
Canadian Pacific Railway Ltd 0.10%
Cheniere Energy Inc 0.03%
Chevron Corp 0.30%
Chubu Electric Power Co Inc 0.02%
Clp Holdings Ltd 0.03%
Cms Energy Corp 0.04%
Coca-Cola Co/The 0.45%
Concho Resources Inc 0.02%
Conocophillips 0.09%
Dominion Energy Inc 0.15%
Dte Energy Co 0.05%
E.On Se 0.06%
Edp - Energias De Portugal SA 0.04%
Electricite De France SA 0.02%
Emera Inc 0.03%
Enagas SA 0.01%
Enbridge Inc 0.12%
Enel Spa 0.16%
Eneos Holdings Inc 0.02%
Engie SA 0.06%
Eni Spa 0.04%
Eog Resources Inc 0.05%
Eqt Ab 0.01%
Equinor Asa 0.03%
Evergy Inc 0.03%
Exxon Mobil Corp 0.33%
First Quantum Minerals Ltd 0.01%
Firstenergy Corp 0.03%
Fortis Inc/Canada 0.04%
Fortum Oyj 0.02%
Franco-Nevada Corp 0.06%
Galp Energia Sgps SA 0.01%
Glencore PLC 0.04%
Hess Corp 0.03%
Hong Kong & China Gas Co Ltd 0.03%
Iberdrola SA 0.17%
Inpex Corp 0.01%
Itochu Corp 0.08%
Kansas City Southern 0.04%
Kinder Morgan Inc 0.06%
Loews Corp 0.02%
Lyondellbasell Industries Nv 0.05%
Marathon Petroleum Corp 0.04%
Marubeni Corp 0.03%
Mitsubishi Corp 0.07%
Mitsui & Co Ltd 0.06%
Naturgy Energy Group SA 0.01%
Neste Oyj 0.05%
New World Development Co. Ltd. 0.02%
Nextera Energy Inc 0.31%
Nippon Steel Corp 0.01%
Norfolk Southern Corp 0.13%
Nrg Energy Inc 0.02%
Occidental Petroleum Corp 0.02%
Oge Energy Corp 0.01%
Oneok Inc 0.02%
Origin Energy Ltd 0.01%
Orix Corp 0.04%
Orsted A/S 0.05%
Osaka Gas Co Ltd 0.02%
Parkland Corp/Canada 0.02%
Pembina Pipeline Corp 0.03%
Phillips 66 0.05%
Pinnacle West Capital Corp 0.02%
Pioneer Natural Resources Co 0.03%
Power Assets Holdings Ltd 0.01%
Ppl Corp 0.05%
Repsol SA 0.02%
Rio Tinto Ltd 0.05%
Rio Tinto PLC 0.15%
Royal Dutch Shell PLC-A Shs-Lon 0.11%
Royal Dutch Shell PLC-B Shs 0.11%
Rwe AG 0.06%
Santos Ltd 0.01%
Snam Spa 0.02%
South32 Ltd-Lon 0.01%
Sse PLC 0.04%
Sumitomo Chemical Co Ltd 0.01%
Sumitomo Corp 0.04%
Suncor Energy Inc 0.04%
Tc Energy Corp 0.09%
Teck Resources Ltd 0.01%
Total Se 0.19%
Ugi Corp 0.02%
Uniper Se 0.02%
Upm-Kymmene Oyj 0.04%
Valero Energy Corp 0.04%
Vistra Corp 0.02%
Wec Energy Group Inc 0.07%
Weyerhaeuser Co 0.05%
Williams Cos Inc/The 0.06%
Woodside Petroleum Ltd 0.04%
Xcel Energy Inc 0.09%

Weapons

Amphenol Corp 0.08%
Canadian Tire Corp Ltd 0.01%
Exor Nv 0.01%
Heico Corp-Class A 0.01%
Howmet Aerospace Inc 0.01%
Mitsubishi Heavy Industries Lt 0.01%
Singapore Technologies Enginee 0.01%
Teledyne Technologies Inc 0.03%
Transdigm Group Inc 0.06%

Tobacco

Alimentation Couche-Tard Inc 0.06%
Familymart Co Ltd 0.01%
Seven & I Holdings Co Ltd 0.05%

Gambling

Aristocrat Leisure Ltd 0.03%
Evolution Gaming Group 0.02%
Flutter Entertainment PLC 0.04%
Galaxy Entertainment Group Ltd 0.03%
Gvc Holdings PLC 0.01%
Las Vegas Sands Corp 0.04%
Mgm Resorts International 0.02%
Sands China Ltd 0.02%
Vici Properties Inc 0.02%
Wynn Resorts Ltd 0.01%

Adult Entertainment/Pornography

Mgm Resorts International 0.02%

Alcohol

Anheuser-Busch Inbev SA/Nv 0.09%
Asahi Group Holdings Ltd 0.04%
Brown-Forman Corp 0.05%
Budweiser Brewing Co Apac Ltd 0.02%
Carlsberg As 0.03%
Constellation Brands Inc 0.07%
Diageo PLC 0.17%
Heineken Holding Nv 0.02%
Heineken Nv 0.05%
Kirin Holdings Co Ltd 0.04%
LVMH Moet Hennessy Louis Vuitt 0.30%
Pernod Ricard SA 0.08%
Remy Cointreau SA 0.01%

Palm Oil

Wilmar International Ltd 0.01%

GMOs

Corteva Inc 0.05%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.06%
Barrick Gold Corp-Lon 0.01%
Barrick Gold Corp-Tse 0.09%
BHP Group Ltd 0.17%
BHP Group PLC 0.11%
Chevron Corp 0.30%
Duke Energy Corp 0.14%
Freeport-Mcmoran Inc 0.05%
Glencore PLC 0.04%
Johnson & Johnson 0.88%
Nestle SA 0.80%
Nutrien Ltd 0.05%
Rio Tinto Ltd 0.05%
Rio Tinto PLC 0.15%
Royal Dutch Shell PLC-A Shs-Lon 0.11%
Royal Dutch Shell PLC-B Shs 0.11%
Sempra Energy 0.07%
Wilmar International Ltd 0.01%

Animal Testing

Air Liquide SA 0.170%
Air Products and Chemicals Inc 0.130%
Akzo Nobel Nv 0.040%
Albemarle Corp 0.010%
Archer-Daniels-Midland Co 0.060%
Arkema SA 0.010%
Asahi Group Holdings Ltd 0.040%
Associated British Foods PLC 0.020%
Avantor Inc 0.020%
Axalta Coating Systems Ltd 0.010%
Basf Se 0.130%
Bayer AG 0.140%
Beiersdorf AG 0.030%
Burberry Group PLC 0.020%
Celanese Corp 0.030%
Chevron Corp 0.300%
Chr Hansen Holding A/S 0.020%
Church & Dwight Co Inc 0.050%
Clariant AG 0.020%
Clorox Co/The 0.060%
Coca-Cola Co/The 0.450%
Colgate-Palmolive Co 0.140%
Corteva Inc 0.050%
Covestro AG 0.020%
Croda International PLC 0.020%
Danone SA 0.090%
Dow Inc 0.070%
Dupont De Nemours Inc 0.090%
Eastman Chemical Co 0.020%
Ecolab Inc 0.110%
Ems-Chemie Holding AG 0.020%
Estee Lauder Cos Inc/The 0.110%
Evonik Industries AG 0.020%
Fmc Corp 0.030%
Fujifilm Holdings Corp 0.040%
General Mills Inc 0.080%
Givaudan SA 0.100%
Glaxosmithkline PLC 0.210%
Henkel AG & Co Kgaa 0.030%
Henkel AG & Co Kgaa Vorzug 0.050%
Hermes International 0.060%
Hp Inc 0.060%
Ingersoll Rand Inc 0.030%
Ingredion Inc 0.010%
International Flavors & Fragra-Ny 0.030%
Johnson & Johnson 0.880%
Johnson Matthey PLC 0.010%
Kansai Paint Co Ltd 0.010%
Kao Corp 0.080%
Kellogg Co 0.040%
Kerry Group PLC 0.040%
Keurig Dr Pepper Inc 0.020%
Kikkoman Corp 0.020%
Kimberly-Clark Corp 0.120%
Kirin Holdings Co Ltd 0.040%
Koninklijke Dsm Nv 0.060%
Kraft Heinz Co/The 0.050%
L'Oreal SA 0.180%
Lanxess AG 0.010%
Linde PLC-Etr 0.100%
Linde PLC-Ny 0.180%
LVMH Moet Hennessy Louis Vuitt 0.300%
Lyondellbasell Industries Nv 0.050%
Marubeni Corp 0.030%
Mitsui Chemicals Inc 0.010%
Mondelez International Inc 0.180%
Mosaic Co/The 0.010%
Nestle SA 0.800%
Nippon Paint Holdings Co Ltd 0.040%
Nissan Chemical Corp 0.010%
Novozymes A/S 0.040%
Nutrien Ltd 0.050%
Orkla Asa 0.010%
Pepsico Inc 0.430%
PPG Industries Inc 0.070%
Procter & Gamble Co/The 0.750%
Puma Se 0.020%
Reckitt Benckiser Group PLC 0.160%
Royal Dutch Shell PLC-A Shs-Lon 0.110%
Royal Dutch Shell PLC-B Shs 0.110%
Rpm International Inc 0.030%
Seven & I Holdings Co Ltd 0.050%
Sherwin-Williams Co/The 0.130%
Shin-Etsu Chemical Co Ltd 0.110%
Shiseido Co Ltd 0.050%
Solvay SA 0.010%
Sumitomo Chemical Co Ltd 0.010%
Svenska Cellulosa Ab Sca 0.020%
Symrise AG 0.050%
Tesco PLC 0.060%
Umicore SA 0.030%
Unicharm Corp 0.040%
Unilever Nv 0.210%
Unilever PLC 0.160%
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 Sept. 30th 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, Sustainalytics and research organisations.

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
2020 -7.41% -3.46%
2019 10.11% 7.71%
2018 6.68% 7.69%

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 Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • Apple Inc
    United States International Equities
    4.44%
  • Microsoft Corp
    United States International Equities
    3.35%
  • Amazon.Com Inc
    United States International Equities
    3.01%
  • Facebook Inc
    United States International Equities
    1.42%
  • Alphabet Inc (Class C)
    United States International Equities
    1.0%
  • Alphabet Inc (Class A)
    United States International Equities
    0.99%
  • Johnson & Johnson
    United States International Equities
    0.88%
  • Nestle SA
    Switzerland International Equities
    0.8%
  • Visa Inc
    United States International Equities
    0.76%
  • Procter & Gamble Co
    United States International Equities
    0.75%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed Sept. 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 2.2%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 2.14%
International Equities 100.0% 95.66%
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 Wed Sept. 30th 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.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.02%
  • Alcohol:
    1.00%
  • Animal Testing:
    9.35%
  • Fossil Fuels:
    6.81%
  • Gambling:
    0.30%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    3.22%
  • Palm Oil:
    0.02%
  • Tobacco:
    0.13%
  • Weapons:
    0.29%

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 Sept. 30th 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, Sustainalytics 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 that aims to passively track the MSCI World ex Tobacco Net Index to provide investors with exposure to securities in developed equity markets. The fund aims to achieve long term capital growth primarily through exposure to a passively managed portfolio of equities of companies listed on international stock exchanges (which may include the NZ stock exchange for this fund)."

Value $5.6M NZD
Period of data report Wed Sept. 30th 2020
Members 333
Fund started Thu July 28th 2016
Total annual fund fees 0.88%
Total performance based fees 0.0%
Manager's basic fee 0.73%
Administration charges 0.15%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (1 years, 6 months)
Previously: General Counsel AMP Wealth Management New Zealand (2 years, 4 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (1 years, 6 months)
Previously: Acting Chief Executive AMP Wealth Management New Zealand (0 years, 2 months)

Blair Robert Vernon

Currently: Investment Committee Member (9 years, 3 months)
Previously: Acting Chief Executive AMP Australia (0 years, 2 months)

Mark David Ennis

Currently: Investment Committee Member (0 years, 2 months)
Previously: Managing Director AdviceFirst Limited (0 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.