AMP Balanced Fund No. 2

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Mindful Fund

Fund type: Balanced fund

Past Returns: 5.86%

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

Annual Fees: 0.78%

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

Contact Energy Limited 0.46%
Enel Spa 0.12%
Algonquin Power and Utilities Corp 0.04%
Northland Power Inc 0.04%
Anglo American PLC 0.01%

Weapons

Walmart Inc 0.05%
Wal Mart De Mexico 0.03%

Gambling

Skycity Entertainment Group Limited 0.14%
Aristocrat Leisure Ltd 0.04%

Adult Entertainment/Pornography

Alcohol

Diageo PLC 0.49%
Molson Coors Beverage Co 0.04%
Weichow Moutai Co Ltd 0.04%
Ambev SA Com Npv 0.02%
Budweiser Brewing Company Apac Ltd 0.02%
Treasury Wine Estates Limited 0.02%
Anheuser Busch Inbev SA Nv 0.01%
Pernod-Ricard SA 0.01%
Tsingtao Brewery Company Limited 0.01%
Wuliangye Yibin Co Ltd 0.01%

GMOs

Corteva Inc 0.07%

Human Rights & Environmental Violations

Nutrien Ltd Com Npv 0.24%
Johnson & Johnson Com US$1 0.11%
Motorola Solutions Inc 0.08%
Nestle SA 0.08%
Uber Technologies Inc 0.08%
Corteva Inc 0.07%
Rio Tinto Ltd 0.07%
Thermo Fisher Scientific Inc 0.05%
Li Ning Co Ltd 0.04%
Activision Blizzard Inc 0.02%
Caterpillar Inc 0.02%
Rio Tinto PLC Ord 10P Gbp 0.02%
Bayer AG 0.01%
Centrais Electricas Brasileiras SA 0.01%

Animal Testing

Pepsico Inc 0.72%
General Mills Inc 0.24%
Nutrien Ltd Com Npv 0.24%
Colgate Palmolive Usd1 0.20%
Kimberly Clark Corp Com Usd1.25 0.20%
3M Co 0.14%
Keurig Dr Pepper Inc 0.14%
PPG Industries Inc 0.14%
Koninklijke Dsm Nv 0.11%
Kellogg Company 0.09%
Mosaic Co Com 0.09%
Kering 0.08%
Nestle SA 0.08%
Corteva Inc 0.07%
Kerry Group PLC-A 0.07%
L'Oreal 0.07%
Ajinomoto Co Inc Jpy 0.06%
Ping An Insurance Group Of China Limited 0.06%
Akzo Nobel Nv Eur0.50 0.05%
Clorox Co Del 0.05%
Daikin Industries 0.05%
Hormel Foods Corporation 0.05%
Burberry Group PLC 0.04%
Dow Inc 0.04%
George Weston Ltd 0.04%
LVMH Moet Hennessy Vuitton Se 0.04%
Molson Coors Beverage Co 0.04%
Campbell Soup Co USD 0.03%
Orkla Asa 0.03%
Unilever PLC 0.03%
Air Liquide 0.02%
Danone 0.02%
Mondelez International Inc 0.02%
Mowi Asa 0.02%
Bayer AG 0.01%
Estee Lauder Companies 0.01%
Hermes International 0.01%
Sherwin Williams Com Usd1 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 Fri Sept. 30th 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.

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 0.35% 0.1%
2021 16.60% 22.38%
2020 -1.09% -4.89%
2019 5.56% 6.01%
2018 5.28% 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 Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Microsoft Corp
    United States International Equities
    1.85%
  • Apple Inc
    United States International Equities
    1.73%
  • New Zealand Government Bond - Maturing 15 Apr 2023
    New Zealand NZ Fixed Interest AAA
    1.39%
  • New Zealand Government Bond - Maturing 15 Apr 2027
    New Zealand NZ Fixed Interest AAA
    1.25%
  • New Zealand Government Bond - Maturing 20 Apr 2029
    New Zealand NZ Fixed Interest AAA
    1.18%
  • New Zealand Government Bond - Maturing 15 Apr 2025
    New Zealand NZ Fixed Interest AAA
    1.16%
  • New Zealand Government Bond - Maturing 15 May 2024
    New Zealand NZ Fixed Interest AAA
    1.11%
  • BNP USD Account
    United States Cash and Equivalents
    1.03%
  • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2035
    New Zealand NZ Fixed Interest AAA
    1.01%
  • ASB Bank Ltd - Maturing 18 Nov 2022
    New Zealand Cash and Equivalents P-1
    0.89%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 11.0% 11.3%
New Zealand Fixed Interest 13.0% 13.17%
International Fixed Interest 19.0% 18.77%
Australasian Equities 10.0% 10.26%
International Equities 47.0% 46.5%
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 Sept. 30th 2022.

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:
    0.02%
  • Alcohol:
    0.77%
  • Animal Testing:
    3.93%
  • Fossil Fuels:
    0.78%
  • Gambling:
    0.37%
  • GMOs:
    0.07%
  • Human Rights & Environmental Violations:
    1.05%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.10%

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

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 $23M NZD
Period of data report Fri Sept. 30th 2022
Members 1,018
Fund started Thu July 28th 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, 6 months)
Previously: Managing Director, AMP Wealth Management New Zealand (0 years, 5 months)

Mark David Ennis

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

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

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.