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

BHP Billiton Ltd 0.09%
Cms Energy Corp 0.01%
Dominion Energy Inc 0.02%
Enbridge Inc 0.03%
Kinder Morgan Inc 0.04%
Koninklijke Vopak Nv 0.05%
Oil Search Limited 0.04%
Origin Energy Ltd 0.03%
Viva Energy Group 0.03%
Williams Cos Inc 0.03%

Weapons

Bae Systems PLC 0.01%
Rolls Royce Holdings 0.03%
Safran SA 0.03%
United Technologies 0.04%

Gambling

Aristocrat Leisure 0.06%
Sky City Entertainment Group 0.03%
Tabcorp Holdings Ltd 0.01%

Alcohol

Anheuser-Busch 0.03%
Carlsberg As - B Shs 0.03%
Diageo PLC 0.10%
Heineken Nv 0.08%
LVMH Moet Hennessy 0.13%
Metcash Ltd 0.03%
Pernod-Ricard SA 0.07%
Treasury Wine Est 0.02%

GMOs

Bayer AG 0.08%
Nufarm Limited 0.04%

Human Rights & Environmental Violations

BHP Billiton Ltd 0.09%
Duke Energy Corp 0.04%
Essity Aktiebolag-B 0.12%
Johnson & Johnson 0.07%
Nestle SA 0.20%
Rio Tinto Limited 0.06%
Sempra Energy 0.03%

Animal Testing

Air Liquide 0.070%
Akzo Nobel N.V 0.050%
Bayer AG 0.080%
Burberry Group PLC 0.020%
Coca Cola Co 0.040%
Colgate Palmolive 0.060%
Danone 0.070%
Essity Aktiebolag-B 0.120%
Johnson & Johnson 0.070%
Koninklijke Dsm Nv 0.070%
LVMH Moet Hennessy 0.130%
Nestle SA 0.200%
Pepsico Inc 0.030%
PPG Industries Inc 0.050%
Reckitt Benckiser 0.100%
Unilever Nv Ord 0.060%

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	1.07%	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 Tue June 30th 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 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	20.0%	20.75%
New Zealand Fixed Interest	18.0%	16.99%
International Fixed Interest	42.0%	39.52%
Australasian Equities	4.5%	5.42%
International Equities	13.25%	14.9%
Listed Properties	2.25%	2.42%
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:

0.50%
Animal Testing:

1.33%
Fossil Fuels:

0.49%
Gambling:

0.12%
GMOs:

0.12%
Human Rights & Environmental Violations:

0.65%
Palm Oil:

0.00%
Tobacco:

0.00%
Weapons:

0.15%

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	$17M NZD
Period of data report	Tue June 30th 2020
Members	558
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, 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.

Portfolio holdings v