AMP ANZ Conservative Fund

Not Mindful

Type: Conservative fund

Past Returns: 2.88%

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

Annual Fees: 1.06%

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

Allete Inc 0.02%
Atmos Energy Crop 0.03%
BHP Billiton Finance Usa Ltd Callable Notes Fixed 5% 30/Sep/2043 USD 1000 0.01%
BHP Billiton Ltd 0.13%
BP Capital Markets America Inc Callable Notes Fixed 3.79% 06/Feb/2024 USD 1000 0.01%
BP Capital Markets America Inc Callable Notes Fixed 4.234% 06/Nov/2028 USD 1000 0.02%
BP Capital Markets PLC Notes Fixed 1.876% 07/Apr/2024 EUR 1000 0.01%
Cheniere Energy Inc 0.01%
Coca Cola Co 0.04%
Coca-Cola Amatil Ltd 0.03%
Dominion Energy Inc 0.02%
Enbridge Inc 0.02%
Enel Spa 0.01%
Engie SA Callable Bond Variable Fr0013310505 0.02%
Engie SA Callable Medium Term Note Fixed 1.75% 27/Mar/2028 EUR 100000 0.01%
Eni Spa Medium Term Note Fixed 1.25% 18/May/2026 EUR 1000 0.01%
Exxon Mobil Corp Callable Notes Fixed 1.571% 15/Apr/2023 USD 1000 0.01%
Exxon Mobil Corp Callable Notes Fixed 2.992% 19/Mar/2025 USD 1000 0.02%
Genesis Energy Ltd 0.06%
Kinder Morgan Inc 0.02%
Koninklijke Vopak Nv 0.04%
Oil Search Limited 0.05%
Shell International Finance Bv Medium Term Note Fixed 1.125% 07/Apr/2024 EUR 10 0.01%
Shell International Finance Bv Callable Notes Fixed 3.25% 11/May/2025 USD 1000 0.01%
Shell International Finance Bv Callable Notes Fixed 4.375% 11/May/2045 USD 1000 0.01%
Total Se Callable Medium Term Note Variable Xs1974787480 0.03%
Viva Energy Group 0.03%
Williams Cos Inc 0.03%

Weapons

Amphenol Corp - Cl A 0.03%
Safran SA 0.03%

Tobacco

Alimentation Couche 0.06%

Gambling

Aristocrat Leisure 0.05%
Crown Resorts Ltd 0.02%
Flutter Entertainmnt 0.05%
Sky City Entertainment Group 0.05%

Alcohol

Anheuser-Busch Cos Llc / Anheuser-Busch Inbev Worldwide Inc Callable Notes Fixed 4.90% 01Feb46 0.02%
Anheuser-Busch Inbev Worldwide Inc Callable Notes Fixed 5.55% 23/Jan/2049 USD 10 0.01%
Carlsberg As - B Shs 0.03%
Coca-Cola Amatil Ltd 0.03%
Constellation Brands Inc Callable Notes Fixed 2.875% 01/May/2030 USD 1000 0.01%
Diageo PLC 0.12%
Heineken Nv 0.14%
LVMH Moet Hennessy 0.16%
Metcash Ltd 0.02%
Pernod Ricard SA Callable Notes Fixed 1.125% 07/Apr/2025 EUR 100000 0.02%
Pernod-Ricard SA 0.08%
Treasury Wine Est 0.01%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.13%
Duke Energy Corp 0.05%
Essity Aktiebolag-B 0.12%
Johnson & Johnson 0.07%
Nestle Finance International Ltd Callable Medium Term Note Fixed 0% 12/Nov/2024 0.02%
Nestle SA 0.23%
Sempra Energy 0.04%

Animal Testing

Air Liquide 0.080%
Akzo Nobel N.V 0.070%
Bayer AG 0.080%
Burberry Group PLC 0.030%
Coca Cola Co 0.040%
Coca-Cola Amatil Ltd 0.030%
Colgate Palmolive 0.060%
Danone 0.110%
Danone SA Callable Medium Term Note Variable EUR 100000 0.010%
Eastman Chemical Co 0.010%
Ecolab Inc Callable Bond Fixed 1% 15/Jan/2024 EUR 1000 0.020%
Essity Aktiebolag-B 0.120%
Glaxosmithkline Capital Inc Callable Notes Fixed 3.375% 15/May/2023 USD 1000 0.010%
Hermes International 0.010%
Hp Inc Callable Notes Fixed 2.2% 17/Jun/2025 USD 1000 0.020%
Hp Inc Callable Notes Fixed 3.4% 17/Jun/2030 USD 1000 0.020%
Johnson & Johnson 0.070%
Koninklijke Dsm Nv 0.100%
Linde PLC 0.100%
Linde PLC US 0.030%
LVMH Moet Hennessy 0.160%
Nestle Finance International Ltd Callable Medium Term Note Fixed 0% 12/Nov/2024 0.020%
Nestle SA 0.230%
Nufarm Limited 0.020%
Pepsico Inc 0.040%
Pepsico Inc Callable Bond Fixed 0.75% 18/Mar/2027 EUR 1000 0.020%
Pepsico Inc Callable Notes Fixed 3.625% 19/Mar/2050 USD 1000 0.010%
PPG Industries Inc 0.060%
Procter & Gamble Co/The Notes Fixed 2% 16/Aug/2022 EUR 1000 0.010%
Procter & Gamble Co/The Callable Notes Fixed 2.45% 25/Mar/2025 USD 1000 0.010%
Reckitt Benckiser 0.110%
Reckitt Benckiser Treasury Services Nederland Bv Callable Notes Fixed 0.375% 19/May/2026 0.010%
Shell International Finance Bv Medium Term Note Fixed 1.125% 07/Apr/2024 EUR 10 0.010%
Shell International Finance Bv Callable Notes Fixed 3.25% 11/May/2025 USD 1000 0.010%
Shell International Finance Bv Callable Notes Fixed 4.375% 11/May/2045 USD 1000 0.010%
Sherwin-Williams Co 0.030%
Sherwin-Williams Co/The Callable Notes Fixed 2.3% 15/May/2030 USD 1000 0.010%
Unilever Nv Ord 0.050%

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.

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
2020	1.07%	1.97%
2019	4.40%	3.91%
2018	3.80%	2.75%

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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

ANZ Wholesale Conservative Fund
New Zealand Fund

100.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	20.0%	19.83%
New Zealand Fixed Interest	18.0%	16.73%
International Fixed Interest	42.0%	38.9%
Australasian Equities	4.5%	5.43%
International Equities	13.25%	15.96%
Listed Properties	2.25%	3.15%
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 Thu Dec. 31st 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:

0.92%
Animal Testing:

2.84%
Fossil Fuels:

1.94%
Gambling:

0.21%
GMOs:

0.00%
Human Rights & Environmental Violations:

1.04%
Palm Oil:

0.00%
Tobacco:

0.07%
Weapons:

0.34%

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 invests mainly in cash and fixed interest assets with a smaller exposure to share and listed property assets. The fund aims to achieve investment performance ahead of inflation over the long term and achieve investment performance that reflects the level of risk applicable to the fund's underlying asset classes."

Value	$23M NZD
Period of data report	Thu Dec. 31st 2020
Members	648
Fund started	Thu July 28th 2016
Total annual fund fees	1.06%
Total performance based fees	0.0%
Manager's basic fee	0.98%
Administration charges	0.08%
Total other charges	23.4
Total other charges currency	NZD

Key Personnel

Timothy Pritchard	Currently: Investment Committee Member (1 years, 9 months) Previously: General Counsel AMP Wealth Management New Zealand (2 years, 7 months)
Jeffery Darren Ruscoe	Currently: Investment Committee Member (1 years, 9 months) Previously: Acting Chief Executive AMP Wealth Management New Zealand (0 years, 5 months)
Blair Robert Vernon	Currently: Investment Committee Member (9 years, 6 months) Previously: Acting Chief Executive AMP Australia (0 years, 5 months)
Mark David Ennis	Currently: Investment Committee Member (0 years, 5 months) Previously: Managing Director AdviceFirst Limited (0 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu Dec. 31st 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v