AMP Balanced Fund No. 2

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Mindful Fund

Fund type: Balanced fund

Past Returns: 7.83%

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

Annual Fees: 0.79%

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

Atlantia Spa 130727 1.875 Cb 0.01%

Weapons

Jfe Holdings Inc 0.02%

Gambling

Aristocrat Leisure Ltd 0.07%
Draftkings Inc 0.01%
Mgm Resorts International 0.03%
Sands China Limited 0.01%
Skycity Entertainment Group Limited 0.18%
Tabcorp Holdings Ltd 0.03%

Adult Entertainment/Pornography

Mgm Resorts International 0.03%

Alcohol

Ambev SA Com Npv 0.01%
Anheuser Busch Inbev SA Nv 0.08%
Asahi Group Holdings Ltd 0.03%
Brown Forman Corp 0.04%
Carlsberg As - B 0.02%
Diageo Ord 28 101/108P 0.14%
Endeavour Group Limited Ordinary Fully Paid Deferred Settlem 0.02%
Heineken Nv 0.03%
LVMH Moet Hennessy Vuitton Se 0.08%
Molson Coors Beverage Co 0.02%
Pernod-Ricard SA 0.02%
Treasury Wine Estates Limited 0.02%

GMOs

Corteva Inc 0.05%

Human Rights & Environmental Violations

Evergreen Marine Corporation 0.01%
Johnson & Johnson Com US$1 0.27%
Motorola Solutions Inc 0.04%
Nestle SA 0.22%
Rio Tinto Ltd 0.09%
Rio Tinto PLC Ord 10P Gbp 0.10%

Animal Testing

Air Liquide 0.03%
Akzo Nobel Nv Eur0.50 0.03%
Albermarle Corp 0.01%
Asahi Group Holdings Ltd 0.03%
Associated British Foods PLC 0.02%
Avantor Inc 0.01%
Burberry Group PLC 0.02%
Clorox Co Del 0.04%
Corteva Inc 0.05%
Danone 0.05%
Dow Inc 0.06%
Dupont De Nemours Inc 0.04%
Ecolab Ltd 0.11%
Estee Lauder Companies 0.04%
Fmc Corp 0.01%
Fuji Film Holdings Corp 0.01%
General Mills Inc 0.06%
Givaudan - Reg 0.04%
Glaxosmithkline PLC 0.06%
Henkel AG & Co Kgaa 0.01%
Hermes International 0.02%
Icl Group Ltd 0.01%
Intl Flavors & Fragrances USD 0.05%
Jeronimo Martins Sgps SA 0.01%
Johnson & Johnson Com US$1 0.27%
Johnson Matthey PLC 0.01%
Kao Corporation Jpy50 0.03%
Kellogg Company 0.04%
Kerry Group PLC-A 0.02%
Keurig Dr Pepper Inc 0.05%
Kikkoman Corporation Jpy 0.01%
Kimberly Clark Corp Com Usd1.25 0.09%
Koninklijke Dsm Nv 0.02%
Kraft Heinz Co Com Usd0.01 0.04%
L'Oreal 0.09%
LVMH Moet Hennessy Vuitton Se 0.08%
Lg Household Health Care 0.01%
Linde PLC 0.16%
Mondelez International Inc 0.07%
Mosaic Co Com 0.03%
Nestle SA 0.22%
Nutrien Ltd Com Npv 0.08%
Orica Limited 0.01%
Orkla Asa 0.02%
PPG Industries Inc 0.05%
Pepsico Inc Cap US$0.01 2/3 0.24%
Reckitt Benckiser Group PLC 0.05%
Sainsbury (J) PLC 0.01%
Sherwin Williams Com Usd1 0.03%
Shin-Etsu Chem Co Y50 0.02%
Shiseido Company Limited Jpy50 0.01%
Solvay SA Belgian Bef 0.01%
Svenska Cellulosa Ab - B Shares 0.02%
Umicore Npv 0.02%
Unilever PLC 0.10%
Yara International Asa 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 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 16.64% 22.38%
2020 -1.20% -4.89%
2019 5.69% 6.01%
2018 5.19% 4.76%

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • New Zealand Government Bond - Maturing 15 Apr 2023
    New Zealand NZ Fixed Interest AAA
    1.99%
  • Apple Inc
    United States International Equities
    1.76%
  • New Zealand Government Bond - Maturing 20 Apr 2029
    New Zealand NZ Fixed Interest AAA
    1.72%
  • New Zealand Government Bond - Maturing 15 Apr 2025
    New Zealand NZ Fixed Interest AAA
    1.63%
  • New Zealand Government Bond - Maturing 15 May 2024
    New Zealand NZ Fixed Interest AAA
    1.58%
  • New Zealand Government Bond - Maturing 15 Apr 2027
    New Zealand NZ Fixed Interest AAA
    1.57%
  • Microsoft Corp
    United States International Equities
    1.56%
  • BNP USD Account
    United States Cash and Equivalents
    1.47%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.39%
  • New Zealand Government Bond - Maturing 15 May 2031
    New Zealand NZ Fixed Interest AAA
    1.31%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 8.0% 7.68%
New Zealand Fixed Interest 15.0% 14.73%
International Fixed Interest 18.0% 17.78%
Australasian Equities 14.0% 13.84%
International Equities 45.0% 45.97%
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 Fri Dec. 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:
    0.05%
  • Alcohol:
    0.63%
  • Animal Testing:
    3.31%
  • Fossil Fuels:
    0.05%
  • Gambling:
    0.57%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    0.80%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 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. AMP is one of New Zealand’s most enduring companies, with continuous operations under the same brand for more than 160 years.We began our proud history of providing life insurance policies in New Zealand in 1854 with a strong community-focused ethos that still holds true today. AMP has grown into a highly efficient large-scale organisation which provides Kiwis with financial security and the opportunity to look forward to a better tomorrow."

Value $26M NZD
Period of data report Fri Dec. 31st 2021
Members 1,069
Fund started Thu July 28th 2016
Total annual fund fees 0.79%
Total performance based fees 0.0%
Manager's basic fee 0.69%
Other management and administration charges 0.1%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (2 years, 9 months)
Previously: General Counsel AMP Wealth Management New Zealand (3 years, 7 months)

Jeffery Darren Ruscoe

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

Blair Robert Vernon

Currently: Investment Committee Member (10 years, 6 months)
Previously: Chief Executive AMP Wealth Management New Zealand (3 years, 0 months)

Mark David Ennis

Currently: Investment Committee Member (1 years, 5 months)
Previously: Managing Director AdviceFirst Limited (1 years, 10 months)

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

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.