Funds
AMP Conservative Managed Fund
Issues of concern
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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies 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%
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 Cruelty
- 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 30th Sept. 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.
About this fund
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 | $200k NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 18th May 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, 9 months) |
|
Mark David Ennis |
Currently: Investment Committee
Member (2 years, 5 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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 Cruelty | 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 30th Sept. 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.
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 |
|---|
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 31st Dec. 2022.
Top 10 Investments
-
New Zealand Government Bond - Maturing 15 Apr 2023
New Zealand NZ Fixed Interest AAA2.31% -
New Zealand Government Bond - Maturing 15 Apr 2027
New Zealand NZ Fixed Interest AAA2.14% -
New Zealand Government Bond - Maturing 15 Apr 2025
New Zealand NZ Fixed Interest AAA2.07% -
Bank Of New Zealand Call Account
New Zealand Cash and Equivalents2.02% -
New Zealand Government Bond - Maturing 20 Apr 2029
New Zealand NZ Fixed Interest AAA1.99% -
New Zealand Government Bond - Maturing 15 May 2024
New Zealand NZ Fixed Interest AAA1.9% -
ASB Bank Ltd - Maturing 20 Mar 2023
New Zealand Cash and Equivalents P-11.81% -
New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2035
New Zealand NZ Fixed Interest AAA1.71% -
Westpac Bank Advance
New Zealand Cash and Equivalents1.65% -
New Zealand Government Bond - Maturing 15 May 2031
New Zealand NZ Fixed Interest AAA1.38%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 24.0% | 23.85% |
| New Zealand Fixed Interest | 23.0% | 23.06% |
| International Fixed Interest | 29.0% | 29.07% |
| Australasian Equities | 6.0% | 6.12% |
| International Equities | 18.0% | 17.9% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.