AMP Global Fixed Interest Fund

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Fund type: Defensive fund

Past Returns: 1.74%

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

Annual Fees: 1.43%

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

BP Capital Markets America Inc 170641 3.06 Cb 0.02%

Gambling

Las Vegas Sands Corp 180826 3.50 Cb 0.01%
Sands China Ltd 080828 5.4 Cb 0.03%

Alcohol

Anheuser Busch Companies Inc 010236 4.70 Cb 0.04%
Anheuser Busch Companies Llc 010246 4.90 Cb 0.02%
Anheuser Busch Inbev Nv 020432 2.875 Cb 0.02%
Anheuser Busch Inbev Nv 020440 3.70 Cb 0.02%
Anheuser Busch Inbev Nv 240529 2.25 Cb 0.02%
Anheuser Busch Inbev Worldwide Inc 230129 4.75 Cb 0.04%
Anheuser Buschinbev World Wide Inc 230149 5.55 Cb 0.03%
Asahi Group Holdings Ltd 231024 0.155 Cb 0.03%
Brown Forman Corp 070726 1.20 Cb 0.02%
Carlsberg Breweries As 010729 0.875 Cb 0.02%
Diageo Investment Corp 110542 4.25 Cb 0.02%
Heineken Nv 031029 1.50 Cb 0.02%
LVMH Moet Hennessy Louis Vuitton Se 070425 0.75 Cb 0.03%
LVMH Moet Hennessy Louis Vuitton Se 110227 1.125 Cb 0.02%
Pernod Ricard International Finance Llc 010431 1.625 Cb 0.02%
Pernod Ricard SA 070425 1.125 Cb 0.03%

Human Rights & Environmental Violations

Bayer AG 060724 0.375 Cb 0.01%
Nestle Holdings Inc 140941 2.50 Cb 0.02%
Nestle Holdings Inc 150927 1.00 Cb 0.02%
Rio Tinto Fin Usa 021140 5.2 Cb 0.03%
Rio Tinto Finance Ltd 150625 3.75 Cb 0.03%

Animal Testing

Air Liquide Finance SA 130628 1.25 Cb 0.02%
Air Liquide Finance SA 270926 2.50 Cb 0.03%
Akzo Nobel Nv 071124 1.75 Cb 0.02%
Arkema SA 200125 1.50 Cb 0.02%
Asahi Group Holdings Ltd 231024 0.155 Cb 0.03%
Bayer AG 060724 0.375 Cb 0.01%
Danone SA 021126 2.947 Cb 0.03%
Danone SA 031128 1.208 Cb 0.02%
Dow Chemical Co 151142 4.375 Cb 0.01%
Dow Chemical Co 151150 3.60 Cb 0.01%
Dow Chemical Co 301128 4.80 Cb 0.01%
Ecolab Inc 080725 2.625 Cb 0.02%
Ecolab Inc 240330 4.80 Cb 0.03%
Evonik Finance Bv 070924 0.375 Cb 0.01%
General Mills Inc 170428 4.20 Cb 0.01%
Glaxosmithkline Capital Inc 150538 6.375 Cb 0.02%
Glaxosmithkline Capital PLC 010624 3.00 Cb 0.02%
Glaxosmithkline Capital PLC 120535 1.625 Cb 0.03%
Kimberly Clark Corp 250429 3.2 Cb 0.02%
LVMH Moet Hennessy Louis Vuitton Se 070425 0.75 Cb 0.03%
LVMH Moet Hennessy Louis Vuitton Se 110227 1.125 Cb 0.02%
Mondelez International Inc 040525 1.50 Cb 0.02%
Mondelez International Inc 130430 2.75 Cb 0.01%
Nestle Holdings Inc 140941 2.50 Cb 0.02%
Nestle Holdings Inc 150927 1.00 Cb 0.02%
Nutrien Ltd 130523 1.90 Cb 0.01%
PPG Industries Inc 031125 0.875 Cb 0.02%
PPG Industries Inc 150326 1.20 Cb 0.03%
Pepsico Inc 140446 4.45 Cb 0.02%
Reckitt Benckiser Treasury Services Nederla 190526 0.375 Cb 0.03%
Reckitt Benckiser Treasury Services PLC 260624 2.75 Cb 0.03%
Sca Hygiene Ab 270324 1.125 Cb 0.02%
Sherwin Williams Co 010627 3.45 Cb 0.01%
Solvay SA 021227 2.75 Cb 0.02%
Tesco Corporate Treasury Services PLC 270430 2.75 Cb 0.02%
Tesco Property Finance 5 PLC 131041 5.6611 Sf 0.02%
Unilever Capital Corp 050524 2.60 Cb 0.01%
Unilever Capital Corp 120851 2.625 Cb 0.01%
Unilever Capital Corp 220328 3.5 Cb 0.01%
Unilever Nv 120227 1.125 Cb 0.03%
Yara International SA 040630 3.148 Cb 0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu Sept. 30th 2021 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.

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
2021 1.23% 0.27%
2020 0.88% 2.87%
2019 2.43% 2.08%
2018 1.98% 0.25%
2017 1.52% 0.3%
2016 2.91% 2.58%
2015 5.21% 5.68%
2014 1.36% 1.47%
2013 4.22% 3.57%
2012 3.86% 6.68%

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 Thu Sept. 30th 2021.

Showing the top 10 investments for this fund:

  • BNP USD Account
    United States Cash and Equivalents
    8.21%
  • Japanese Government Bond - Maturing 20 Mar 2024
    Japan Int Fixed Interest A1
    1.1%
  • United States Government Bond - Maturing 30 Apr 2024
    United States Int Fixed Interest AAA
    1.09%
  • Federal National Mortgage Association - Maturing 14 Oct 2050
    United States Int Fixed Interest AAA
    1.09%
  • United States Government Bond - Maturing 15 Oct 2023
    United States Int Fixed Interest AAA
    1.0%
  • United States Government Bond - Maturing 15 Feb 2024
    United States Int Fixed Interest AAA
    0.96%
  • Japanese Government Bond - Maturing 20 Jun 2024
    Japan Int Fixed Interest A1
    0.91%
  • Japanese Government Bond - Maturing 20 Mar 2026
    Japan Int Fixed Interest A1
    0.84%
  • United States Government Bond - Maturing 31 Jul 2025
    United States Int Fixed Interest AAA
    0.8%
  • United States Government Bond - Maturing 30 Sep 2022
    United States Int Fixed Interest AAA
    0.8%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Sept. 30th 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 1.1%
New Zealand Fixed Interest 0.0% 0.18%
International Fixed Interest 100.0% 98.72%
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 Thu Sept. 30th 2021.

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).

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:
    0.40%
  • Animal Testing:
    1.00%
  • Fossil Fuels:
    0.02%
  • Gambling:
    0.04%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.14%
  • 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 Thu Sept. 30th 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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

"This is a single sector fund which diversified portfolio of international fixed interest securities. The fund aims to primarily preserve the value of your investment with some capital growth by investing in fixed interest securities issues in bond markets around the world (which may include NZ bond markets)."

Value $5.8M NZD
Period of data report Thu Sept. 30th 2021
Fund started Sat Nov. 30th 1996
Total annual fund fees 1.43%
Total performance based fees 0.0%
Manager's basic fee 1.01%
Other management and administration charges 0.42%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (2 years, 6 months)
Previously: General Counsel AMP Wealth Management New Zealand (3 years, 4 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (2 years, 6 months)
Previously: Chief Client Officer AMP Wealth Management New Zealand (2 years, 6 months)

Blair Robert Vernon

Currently: Investment Committee Member (10 years, 3 months)
Previously: Chief Executive AMP Wealth Management New Zealand (2 years, 9 months)

Mark David Ennis

Currently: Investment Committee Member (1 years, 2 months)
Previously: Managing Director AdviceFirst Limited (1 years, 7 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Sept. 30th 2021.

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.