Funds

AMP KiwiSaver Balanced Fund No. 2

Total Ethical Concerns: 5.49%

The average total concerns of all KiwiSaver balanced funds is 5.99%.

Companies of Concern

  • Animal Cruelty 1.28%

    • Ecolab, Inc.
      0.18%
      0.18%
    • Givaudan SA
      0.09%
      0.09%
    • Church & Dwight Co., Inc.
      0.08%
      0.08%
    • PPG Industries, Inc.
      0.08%
      0.08%
    • The Sherwin-Williams Co.
      0.08%
      0.08%
    • 3M
      0.07%
      0.07%
    • Kimberly-Clark Corp.
      0.07%
      0.07%
    • Nutrien Ltd.
      0.07%
      0.07%
    • The Clorox Co.
      0.05%
      0.05%
    • Henkel AG & Co. Kgaa
      0.04%
      0.04%
    • L'Oréal SA
      0.04%
      0.04%
    • Dupont De Nemours
      0.03%
      0.03%
    • Umicore
      0.03%
      0.03%
    • Air Liquide
      0.02%
      0.02%
    • Bayer
      0.02%
      0.02%
    • International Flavors & Fragrances, Inc.
      0.02%
      0.02%
    • Mowi Asa
      0.02%
      0.02%
    • Novozymes A/S
      0.02%
      0.02%
    • Orica Ltd.
      0.02%
      0.02%
    • Croda International PLC
      0.01%
      0.01%
    • Hermès International Sca
      0.01%
      0.01%
  • Human Rights Violations 1.92%

    • 0.56%
    • 0.32%
    • 0.27%
    • Rio Tinto
      0.10%
      0.10%
    • Ubs
      0.09%
      0.09%
    • Zte Corp
      0.04%
      0.04%
    • Pan American Silver Corp.
      0.03%
      0.03%
    • Caterpillar
      0.02%
      0.02%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • General Motors
      0.01%
      0.01%
    • Holcim
      0.01%
      0.01%
    • Mtn Group Limited
      0.01%
      0.01%
    • Teva Pharmaceuticals
      0.01%
      0.01%
  • Social Harm 0.84%

  • Fossil Fuels 1.27%

    • Contact Energy Ltd.
      0.68%
      1.5°C
      This company is on a 1.5°C pathway
      0.68%
    • Enel
      0.14%
      1.5°C
      This company is on a 1.5°C pathway
      0.14%
    • Rio Tinto
      0.10%
      0.10%
    • Channel Infrastructure
      0.06%
      0.06%
    • Calpine Corp.
      0.03%
      0.03%
    • Edp-Energias De Portugal SA
      0.03%
      1.5°C
      This company is on a 1.5°C pathway
      0.03%
    • Alliant Energy Corp.
      0.02%
      0.02%
    • Orica Ltd.
      0.02%
      0.02%
    • Posco
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.02%
    • Acwa Power
      0.01%
      0.01%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • Clearway Energy, Inc.
      0.01%
      0.01%
    • Weg SA
      0.01%
      0.01%
  • Weapons 0.19%

    • 0.18%
  • Environmental Harm 0.36%

    • 3M
      0.07%
      0.07%
    • Nutrien Ltd.
      0.07%
      0.07%
    • Fonterra
      0.06%
      0.06%
    • Bayer
      0.02%
      0.02%
    • 0.02%
    • Mowi Asa
      0.02%
      0.02%
    • Posco
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.02%

From the Fund Provider

  • About this fund

    About this Fund

    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.

    Value $30.7M NZD
    Period of data report 31st March 2025
    Members 861
    Fund started 28th July 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

    Jeff Ruscoe

    Currently: Investment Committee, Member(Chairman) (6 years, 0 months)
    Previously: Managing Director, AMP Wealth Management New Zealand (2 years, 11 months)

    Mark Ennis

    Currently: Investment Committee, Member (4 years, 8 months)
    Previously: Managing Director, AdviceFirst Limited (5 years, 1 months)

    Justin Boyes*

    Currently: Investment Committee, Member (0 years, 3 months)
    Previously: GM, Retail Customer (2 years, 7 months)

    Aaron Klee*

    Currently: Investment Committee, Member (0 years, 3 months)
    Previously: GM, Investment Management and Services (2 years, 7 months)

    Craig Stobo*

    Currently: Investment Committee, Independent Member (1 years, 5 months)
    Previously: Chairman, Financial Markets Authority (0 years, 10 months)

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 4.34% 5.35%
    2024 10.86% 12.88%
    2023 -2.79% -3.77%
    2022 1.34% 0.1%
    2021 17.98% 22.38%
    2020 -1.40% -4.89%
    2019 5.81% 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 31st March 2025.

  • Investments

    Top 10 Investments

    • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2035

      New Zealand NZ Fixed Interest AAA

      1.87%
    • Fisher & Paykel Healthcare Corporation Limited

      New Zealand Australasian Equities

      1.79%
    • BNP USD Account

      United States Cash and Equivalents

      1.57%
    • Apple Inc

      United States International Equities

      1.56%
    • New Zealand Government Bond - Maturing 20 Apr 2029

      New Zealand NZ Fixed Interest AAA

      1.46%
    • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2030

      New Zealand NZ Fixed Interest AAA

      1.36%
    • New Zealand Government Bond - Maturing 15 Apr 2027

      New Zealand NZ Fixed Interest AAA

      1.36%
    • Auckland International Airport Limited

      New Zealand Australasian Equities

      1.27%
    • Nvidia Corp

      United States International Equities

      1.26%
    • Microsoft Corp

      United States International Equities

      1.25%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 4.77%
    New Zealand Fixed Interest 20.0% 17.23%
    International Fixed Interest 15.5% 16.67%
    Australasian Equities 15.0% 15.41%
    International Equities 37.5% 38.67%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 7.0% 7.25%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 1.28% Animal Cruelty
  • 1.92% Human Rights Violations
  • 0.84% Social Harm
  • 1.27% Fossil Fuels
  • 0.19% Weapons
  • 0.36% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Ecolab, Inc.
      0.18%
      0.18%
    • Givaudan SA
      0.09%
      0.09%
    • Church & Dwight Co., Inc.
      0.08%
      0.08%
    • PPG Industries, Inc.
      0.08%
      0.08%
    • The Sherwin-Williams Co.
      0.08%
      0.08%
    • 3M
      0.07%
      0.07%
    • Kimberly-Clark Corp.
      0.07%
      0.07%
    • Nutrien Ltd.
      0.07%
      0.07%
    • The Clorox Co.
      0.05%
      0.05%
    • Henkel AG & Co. Kgaa
      0.04%
      0.04%
    • L'Oréal SA
      0.04%
      0.04%
    • Dupont De Nemours
      0.03%
      0.03%
    • Umicore
      0.03%
      0.03%
    • Air Liquide
      0.02%
      0.02%
    • Bayer
      0.02%
      0.02%
    • International Flavors & Fragrances, Inc.
      0.02%
      0.02%
    • Mowi Asa
      0.02%
      0.02%
    • Novozymes A/S
      0.02%
      0.02%
    • Orica Ltd.
      0.02%
      0.02%
    • Croda International PLC
      0.01%
      0.01%
    • Hermès International Sca
      0.01%
      0.01%
  • Human Rights Violations

    • 0.56%
    • 0.32%
    • 0.27%
    • Rio Tinto
      0.10%
      0.10%
    • Ubs
      0.09%
      0.09%
    • Zte Corp
      0.04%
      0.04%
    • Pan American Silver Corp.
      0.03%
      0.03%
    • Caterpillar
      0.02%
      0.02%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • General Motors
      0.01%
      0.01%
    • Holcim
      0.01%
      0.01%
    • Mtn Group Limited
      0.01%
      0.01%
    • Teva Pharmaceuticals
      0.01%
      0.01%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.68%
      1.5°C
      This company is on a 1.5°C pathway
      0.68%
    • Enel
      0.14%
      1.5°C
      This company is on a 1.5°C pathway
      0.14%
    • Rio Tinto
      0.10%
      0.10%
    • Channel Infrastructure
      0.06%
      0.06%
    • Calpine Corp.
      0.03%
      0.03%
    • Edp-Energias De Portugal SA
      0.03%
      1.5°C
      This company is on a 1.5°C pathway
      0.03%
    • Alliant Energy Corp.
      0.02%
      0.02%
    • Orica Ltd.
      0.02%
      0.02%
    • Posco
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.02%
    • Acwa Power
      0.01%
      0.01%
    • Centrais Elétricas Brasileiras SA
      0.01%
      0.01%
    • Clearway Energy, Inc.
      0.01%
      0.01%
    • Weg SA
      0.01%
      0.01%
  • Weapons

    • 0.18%
  • Environmental Harm

    • 3M
      0.07%
      0.07%
    • Nutrien Ltd.
      0.07%
      0.07%
    • Fonterra
      0.06%
      0.06%
    • Bayer
      0.02%
      0.02%
    • 0.02%
    • Mowi Asa
      0.02%
      0.02%
    • Posco
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.02%

About this Fund

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.

Value $30.7M NZD
Period of data report 31st March 2025
Members 861
Fund started 28th July 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

Jeff Ruscoe

Currently: Investment Committee, Member(Chairman) (6 years, 0 months)
Previously: Managing Director, AMP Wealth Management New Zealand (2 years, 11 months)

Mark Ennis

Currently: Investment Committee, Member (4 years, 8 months)
Previously: Managing Director, AdviceFirst Limited (5 years, 1 months)

Justin Boyes*

Currently: Investment Committee, Member (0 years, 3 months)
Previously: GM, Retail Customer (2 years, 7 months)

Aaron Klee*

Currently: Investment Committee, Member (0 years, 3 months)
Previously: GM, Investment Management and Services (2 years, 7 months)

Craig Stobo*

Currently: Investment Committee, Independent Member (1 years, 5 months)
Previously: Chairman, Financial Markets Authority (0 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

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
2025 4.34% 5.35%
2024 10.86% 12.88%
2023 -2.79% -3.77%
2022 1.34% 0.1%
2021 17.98% 22.38%
2020 -1.40% -4.89%
2019 5.81% 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 31st March 2025.

Top 10 Investments

  • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2035

    New Zealand NZ Fixed Interest AAA

    1.87%
  • Fisher & Paykel Healthcare Corporation Limited

    New Zealand Australasian Equities

    1.79%
  • BNP USD Account

    United States Cash and Equivalents

    1.57%
  • Apple Inc

    United States International Equities

    1.56%
  • New Zealand Government Bond - Maturing 20 Apr 2029

    New Zealand NZ Fixed Interest AAA

    1.46%
  • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2030

    New Zealand NZ Fixed Interest AAA

    1.36%
  • New Zealand Government Bond - Maturing 15 Apr 2027

    New Zealand NZ Fixed Interest AAA

    1.36%
  • Auckland International Airport Limited

    New Zealand Australasian Equities

    1.27%
  • Nvidia Corp

    United States International Equities

    1.26%
  • Microsoft Corp

    United States International Equities

    1.25%
Type Target Actual
Cash and Cash Equivalents 5.0% 4.77%
New Zealand Fixed Interest 20.0% 17.23%
International Fixed Interest 15.5% 16.67%
Australasian Equities 15.0% 15.41%
International Equities 37.5% 38.67%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 7.0% 7.25%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.