AMP Ethical Balanced Fund

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Mindful Fund
Type: Growth 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: 1.35%

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

Apt Pipelines Ltd - 22/03/2030 0.01%
BHP 0.26%
BHP Group Ltd 0.57%
BP Capital Markets PLC - 03/07/2026 0.01%
Coca-Cola Co/The 0.22%
Diamondback Energy Inc 0.05%
Diamondback Energy Inc - 01/12/2026 0.01%
Genesis Energy Ltd - 18/03/2022 0.01%
Lg Corp 0.01%
Lukoil PJSC 0.08%
Mdu Resources Group Inc 0.02%
Midamerican Energy Co - 15/04/2029 0.03%
Orix Corp 0.04%
Parsley Energy Inc 0.05%
Rio Tinto Ltd 0.29%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC 0.10%
Santos Finance Ltd - 14/09/2027 0.01%
Santos Ltd 0.07%
Tatneft PJSC 0.01%
Total Se 0.16%
Wintershall Dea Finance Bv - 25/09/2028 0.01%
Woodside Petroleum Ltd 0.10%

Weapons

Dick'S Sporting Goods Inc 0.07%

Tobacco

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

Gambling

Vici Properties Inc 0.21%

GMOs

Corteva Inc 0.08%

Human Rights & Environmental Violations

BHP 0.26%
BHP Group Ltd 0.57%
Johnson & Johnson 0.31%
Nestle SA 0.30%
Rio Tinto Ltd 0.29%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC 0.10%

Animal Testing

Bayer AG 0.140%
China Feihe Ltd 0.020%
Coca-Cola Co/The 0.220%
Corteva Inc 0.080%
Dupont De Nemours Inc 0.290%
Ecolab Inc 0.190%
General Mills Inc 0.030%
Johnson & Johnson 0.310%
Kimberly-Clark Corp 0.270%
Lotte Fine Chemical Co Ltd 0.050%
Mondelez International Inc - 13/04/2030 0.010%
Mosaic Co/The 0.080%
Nestle SA 0.300%
Orkla Asa 0.020%
PPG Industries Inc 0.070%
Pepsico Inc 0.250%
Procter & Gamble Co/The 0.460%
Royal Dutch Shell PLC 0.100%
Rpm International Inc 0.030%
Seven & I Holdings Co Ltd 0.060%
Sherwin-Williams Co/The 0.120%
Tate & Lyle PLC 0.040%
Tesco PLC 0.150%
Unilever Nv 0.200%
Yara International Asa 0.090%

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.

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% 22.38%
2020 -3.79% -4.89%
2019 7.09% 6.01%
2018 8.01% 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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Ausbil Esg Focus Fund
    Australia Australasian Equities
    7.49%
  • Fisher & Paykel Healthcare Corp
    New Zealand Australasian Equities
    1.04%
  • New Zealand Government Bond Maturing 20 Apr 29
    New Zealand NZ Fixed Interest AA+
    1.03%
  • Colonial First State Wholesale Em Fund
    Australia International Equities
    1.02%
  • Rio Tinto Ltd
    Australia Australasian Equities
    0.92%
  • New Zealand Government Bond Maturing 15 Apr 27
    New Zealand NZ Fixed Interest AA+
    0.9%
  • Microsoft Corp
    United States International Equities
    0.8%
  • National Australia Bank Ltd
    Australia Australasian Equities AA-
    0.72%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    0.72%
  • Samsung Electronics Co Ltd
    Korea, Republic of International Equities
    0.71%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 10.75%
New Zealand Fixed Interest 12.5% 11.96%
International Fixed Interest 12.5% 10.91%
Australasian Equities 20.0% 17.32%
International Equities 35.0% 37.99%
Listed Properties 10.0% 11.07%
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 March 31st 2021.

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:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    3.61%
  • Fossil Fuels:
    2.27%
  • Gambling:
    0.21%
  • GMOs:
    0.08%
  • Human Rights & Environmental Violations:
    1.87%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.11%
  • 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 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

"The fund combines financial analysis with a sustainability focus. Asset allocations are actively managed in line with changing investment environments and conditions with a responsible investment overlay. The fund aims to provide real returns of around 5% per annum over the medium to long term using diversification across asset types and a mix of income and growth assets. The underlying fund has been certified by the Responsible Investment Association of Australasia (RIAA). 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 $21M NZD
Period of data report Wed March 31st 2021
Members 871
Fund started Thu July 28th 2016
Total annual fund fees 1.35%
Total performance based fees 0.0%
Manager's basic fee 1.09%
Administration charges 0.26%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (2 years, 0 months)
Previously: General Counsel AMP Wealth Management New Zealand (2 years, 10 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (2 years, 0 months)
Previously: Chief Client Officer AMP Wealth Management New Zealand (2 years, 0 months)

Blair Robert Vernon

Currently: Investment Committee Member (9 years, 9 months)
Previously: Chief Executive AMP Wealth Management New Zealand (2 years, 3 months)

Mark David Ennis

Currently: Investment Committee Member (0 years, 8 months)
Previously: Managing Director AdviceFirst Limited (1 years, 1 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.