AMP Responsible Investment Balanced Fund

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Mindful Fund
Type: Balanced fund
Past Returns: 1.96%

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 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

Aker BP Asa 0.01%
Anglo American Platinum Ltd 0.03%
Apa Group 0.01%
Apt Pipelines Ltd - 22/03/2030 0.01%
BHP 0.19%
BHP Group Ltd 0.43%
BP Capital Markets America Inc - 04/05/2026 0.01%
BP Capital Markets PLC - 03/07/2026 0.01%
BP PLC 0.09%
Diamondback Energy Inc - 01/12/2026 0.01%
Lukoil PJSC 0.08%
Royal Dutch Shell PLC 0.09%
Santos Finance Ltd - 14/09/2027 0.01%
Santos Ltd 0.04%
Tatneft PJSC 0.02%
Total SA 0.30%
Woodside Petroleum Ltd 0.08%

Weapons

Booz Allen Hamilton Holding Co 0.19%

GMOs

Bayer AG 0.06%
Dupont De Nemours Inc 0.12%
Novartis AG 0.34%
Nutrien Ltd 0.06%

Human Rights & Environmental Violations

BHP 0.19%
BHP Group Ltd 0.43%
Johnson & Johnson 0.34%
Nestle SA 0.42%
Nutrien Ltd 0.06%
Petroleo Brasileiro SA 0.01%
Rio Tinto Ltd 0.33%
Riotinto 0.09%
Royal Dutch Shell PLC 0.09%
Sempra Energy - 01/02/2023 0.01%

Animal Testing

Associated British Foods PLC 0.020%
Bayer AG 0.060%
Bayer US Finance Ii Llc - 15/12/2028 0.010%
Clorox Co/The 0.050%
Coca-Cola Co/The 0.240%
Coca-Cola Femsa Sab De Cv - 22/01/2030 0.010%
Ecolab Inc 0.240%
Johnson & Johnson 0.340%
Kimberly-Clark Corp 0.120%
Nestle SA 0.420%
Pepsico Inc 0.360%
PPG Industries Inc 0.050%
Procter & Gamble Co/The 0.380%
Royal Dutch Shell PLC 0.090%
Tesco PLC 0.140%
Unilever Nv 0.200%

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

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 -1.89% -4.89%
2019 5.68% 6.01%
2018 5.63% 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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Ausbil Esg Focus Fund
    Australia Australasian Equities
    3.04%
  • Fisher & Paykel Healthcare Corp
    New Zealand Australasian Equities
    1.27%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities
    1.27%
  • Colonial First State Wholesale Em Fund
    Australia International Equities
    0.99%
  • New Zealand Government Bond Maturing 20 Apr 29
    New Zealand NZ Fixed Interest AA+
    0.95%
  • Microsoft Corp
    United States International Equities
    0.94%
  • Call Account (Rabobank Advance Account NZD)
    New Zealand Cash and Equivalents A
    0.93%
  • New Zealand Government Bond Maturing 15 Apr 27
    New Zealand NZ Fixed Interest AA+
    0.89%
  • New Zealand Government Bond Maturing 15 Apr 37
    New Zealand NZ Fixed Interest AA+
    0.81%
  • Apple Inc
    United States International Equities
    0.74%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 12.18%
New Zealand Fixed Interest 12.5% 12.89%
International Fixed Interest 12.5% 11.67%
Australasian Equities 20.0% 17.54%
International Equities 35.0% 35.34%
Listed Properties 10.0% 10.38%
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 Tue June 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:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    2.74%
  • Fossil Fuels:
    1.53%
  • Gambling:
    0.00%
  • GMOs:
    0.58%
  • Human Rights & Environmental Violations:
    1.99%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.19%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 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 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 $14M NZD
Period of data report Tue June 30th 2020
Members 678
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 (1 years, 3 months)
Previously: General Counsel, AMP Wealth Management New Zealand (2 years, 1 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (1 years, 3 months)
Previously: Chief Client Officer, AMP Wealth Management New Zealand (1 years, 3 months)

Blair Robert Vernon

Currently: Investment Committee Member (9 years, 0 months)
Previously: Chief Executive, AMP Wealth Management New Zealand (1 years, 6 months)

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

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.