AMP Conservative Managed Fund

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Fund type: Conservative fund

Past Returns: No three year data yet

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

Annual Fees: 0.79%

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

Contact Energy Limited 0.27%
Enel Spa 0.04%
Algonquin Power and Utilities Corp 0.01%
Northland Power Inc 0.01%

Weapons

Walmart Inc 0.02%
Wal Mart De Mexico 0.01%

Gambling

Skycity Entertainment Group Limited 0.08%
Aristocrat Leisure Ltd 0.03%

Adult Entertainment/Pornography

Alcohol

Diageo PLC 0.17%
Molson Coors Beverage Co 0.02%
Weichow Moutai Co Ltd 0.02%
Ambev SA Com Npv 0.01%
Treasury Wine Estates Limited 0.01%

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Nutrien Ltd Com Npv 0.08%
Rio Tinto Ltd 0.05%
Johnson & Johnson Com US$1 0.04%
Motorola Solutions Inc 0.03%
Nestle SA 0.03%
Uber Technologies Inc 0.03%
Corteva Inc 0.02%
Li Ning Co Ltd 0.02%
Thermo Fisher Scientific Inc 0.02%

Animal Testing

Pepsico Inc 0.25%
General Mills Inc 0.08%
Nutrien Ltd Com Npv 0.08%
Colgate Palmolive Usd1 0.07%
Kimberly Clark Corp Com Usd1.25 0.07%
3M Co 0.05%
Keurig Dr Pepper Inc 0.05%
PPG Industries Inc 0.05%
Koninklijke Dsm Nv 0.04%
Kellogg Company 0.03%
Kering 0.03%
Kerry Group PLC-A 0.03%
Mosaic Co Com 0.03%
Nestle SA 0.03%
Ping An Insurance Group Of China Limited 0.03%
Ajinomoto Co Inc Jpy 0.02%
Akzo Nobel Nv Eur0.50 0.02%
Burberry Group PLC 0.02%
Clorox Co Del 0.02%
Corteva Inc 0.02%
Daikin Industries 0.02%
Hormel Foods Corporation 0.02%
L'Oreal 0.02%
LVMH Moet Hennessy Vuitton Se 0.02%
Molson Coors Beverage Co 0.02%
Campbell Soup Co USD 0.01%
Dow Inc 0.01%
George Weston Ltd 0.01%
Orkla Asa 0.01%
Unilever PLC 0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 2022 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.

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

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 fund has filed with Disclose register to Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • New Zealand Government Bond - Maturing 15 Apr 2023
    New Zealand NZ Fixed Interest AAA
    2.49%
  • New Zealand Government Bond - Maturing 15 Apr 2027
    New Zealand NZ Fixed Interest AAA
    2.23%
  • New Zealand Government Bond - Maturing 20 Apr 2029
    New Zealand NZ Fixed Interest AAA
    2.11%
  • New Zealand Government Bond - Maturing 15 Apr 2025
    New Zealand NZ Fixed Interest AAA
    2.08%
  • New Zealand Government Bond - Maturing 15 May 2024
    New Zealand NZ Fixed Interest AAA
    1.99%
  • ASB Bank Ltd - Maturing 18 Nov 2022
    New Zealand Cash and Equivalents P-1
    1.95%
  • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2035
    New Zealand NZ Fixed Interest AAA
    1.67%
  • Bank Of New Zealand - Maturing 11 Oct 2022
    New Zealand Cash and Equivalents P-1
    1.67%
  • Westpac Bank Advance
    New Zealand Cash and Equivalents
    1.54%
  • New Zealand Government Bond - Maturing 15 May 2031
    New Zealand NZ Fixed Interest AAA
    1.46%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 24.0% 24.65%
New Zealand Fixed Interest 23.0% 23.19%
International Fixed Interest 29.0% 28.51%
Australasian Equities 6.0% 6.25%
International Equities 18.0% 17.4%
Listed Properties 0.0% 0.0%
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 fund has filed with Disclose register to Fri Sept. 30th 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.02%
  • Alcohol:
    0.33%
  • Animal Testing:
    1.67%
  • Fossil Fuels:
    0.46%
  • Gambling:
    0.27%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    0.50%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.05%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 2022 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 many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The fund has a well-diversified portfolio that primarily invests in lower-risk income assets with a conservative allocation to growth assets. The fund aims to achieve modest to medium returns, in exchange there may be small movements up and down in the value of your investments."

Value $150k NZD
Period of data report Fri Sept. 30th 2022
Fund started Wed May 18th 2022
Total annual fund fees 0.79%
Total performance based fees 0.0%
Manager's basic fee 0.74%
Other management and administration charges 0.05%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Jeffery Darren Ruscoe

Currently: Investment Committee Member (3 years, 6 months)
Previously: Managing Director, AMP Wealth Management New Zealand (0 years, 5 months)

Mark David Ennis

Currently: Investment Committee Member (2 years, 2 months)
Previously: Managing Director, AdviceFirst Limited (2 years, 7 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.