AMP NZ Bond

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Not Mindful
Type: Defensive fund
Past Returns: 2.39%

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

Annual Fees: 1.14%

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.


This data is compiled by Mindful Money from the fund information and portfolios that each 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 1.67% 1.84%
2019 2.69% 2.79%
2018 2.37% 2.55%
2017 1.63% 1.4%
2016 2.91% 4.52%
2015 5.21% 5.28%
2014 1.36% 1.75%
2013 4.22% 4.17%
2012 3.86% 4.51%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Toyota Finance New Zealand Ltd Bond Maturing 30 May 22
    New Zealand NZ Fixed Interest A+
    8.36%
  • ASB Bank Ltd Bond Maturing 26 May 21
    New Zealand NZ Fixed Interest A+
    8.23%
  • Westpac New Zealand Ltd Bond Maturing 28 Apr 21
    New Zealand NZ Fixed Interest AA-
    8.2%
  • Meridian Energy Ltd Note Maturing 10 Aug 20
    New Zealand NZ Fixed Interest BBB+
    7.92%
  • Westpac New Zealand Ltd Note Maturing 27 Oct 20
    New Zealand Cash and Equivalents A
    7.91%
  • ANZ Bank New Zealand Ltd Bond Maturing 26 Aug 20
    New Zealand NZ Fixed Interest A+
    7.16%
  • Toyota Finance New Zealand Ltd Bond Maturing 26 Oct 21
    New Zealand NZ Fixed Interest A+
    6.37%
  • ANZ Bank New Zealand Ltd Bond Maturing 30 May 23
    New Zealand NZ Fixed Interest A+
    5.69%
  • Bank Of New Zealand Bond Maturing 27 Jul 22
    New Zealand NZ Fixed Interest A+
    5.35%
  • ASB Bank Ltd Bond Maturing 24 Feb 22
    New Zealand NZ Fixed Interest A+
    5.32%

This information has been sourced from the quarterly data that each 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 0.0% 1.72%
New Zealand Fixed Interest 100.0% 98.28%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
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 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:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each 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 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

"This is a single sector fund with a diversified portfolio of New Zealand fixed interest securities of varying maturities to provide investors with regular income and medium term capital stability. The fund aims to primarily preserve the value of your investment with some capital growth by investing predominantly in New Zealand fixed interest assets with an allocation to cash and cash equivalents."

Value $6.4M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Wed Dec. 1st 2010
Total annual fund fees 1.14%
Total performance based fees 0.0%
Manager's basic fee 0.41%
Administration charges 0.73%
Total other charges 0.0
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 fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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.