Funds

AMP Fixed Interest Income Fund

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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

    • Rwe AG 240530 2.75 Cb 0.02%
    • Saudi Electricity Global Sukuk Co 5 170930 2.413 Cb 0.02%
    • Consolidated Edison Co Of New York Inc 150344 4.45 Cb 0.01%
    • Enel Finance International Nv 250547 4.75 Cb 0.01%
    • Erg Spa 110425 1.875 Cb 0.01%

  • Alcohol

    • Asahi Group Holdings Ltd 231024 0.155 Cb 0.02%
    • Pernod Ricard SA 070425 1.125 Cb 0.02%
    • Brown Forman Corp 070726 1.20 Cb 0.01%

  • Human Rights & Environmental Violations

    • Credit Suisse Group AG 010431 4.194 Cb 0.02%
    • Credit Suisse Group AG 090128 4.282 Cb 0.02%
    • Activision Blizzard Inc 150930 1.35 Cb 0.01%
    • Credit Suisse Group AG 100929 0.65 Cb 0.01%
    • Johnson and Johnson 010940 2.10 Cb 0.01%
    • Thermo Fisher Scientific Inc 150432 2.375 Cb 0.01%

  • Animal Cruelty

    • Air Liquide Finance SA 270926 2.50 Cb 0.02%
    • Asahi Group Holdings Ltd 231024 0.155 Cb 0.02%
    • Danone SA 021126 2.947 Cb 0.02%
    • Ecolab Inc 240330 4.80 Cb 0.02%
    • Kraft Heinz Foods Co 010430 3.75 Cb 0.02%
    • Kraft Heinz Foods Co 150745 5.20 Cb 0.02%
    • Unilever Nv 120227 1.125 Cb 0.02%
    • Yara International SA 040630 3.148 Cb 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

This is a single sector fund which aims to primarily preserve the value of your investment with some capital growth by predominantly investing in New Zealand and international fixed interest assets, with an allocation to cash and cash equivalents.

Value $19M NZD
Period of data report 31st Dec. 2022
Fund started 8th March 2011
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.76%
Other management and administration charges 0.14%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Jeffery Darren Ruscoe

Currently: Investment Committee Member (3 years, 9 months)
Previously: Managing Director, AMP Wealth Management New Zealand (0 years, 8 months)

Mark David Ennis

Currently: Investment Committee Member (2 years, 5 months)
Previously: Managing Director, AdviceFirst Limited (2 years, 10 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 0.00%
Alcohol 0.10%
Animal Cruelty 0.47%
Fossil Fuels 0.12%
Gambling 0.00%
GMOs 0.00%
Human Rights & Environmental Violations 0.17%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 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 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
2022 -2.19% -3.53%
2021 1.34% 0.8%
2020 1.00% 1.01%
2019 2.36% 1.61%
2018 1.94% 1.41%
2017 1.52% 1.47%
2016 2.91% 2.49%
2015 5.21% 3.38%
2014 1.36% 2.52%
2013 4.22% 3.34%

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 AAA
    5.07%
  • New Zealand Government Bond - Maturing 15 Apr 2027
    New Zealand NZ Fixed Interest AAA
    4.69%
  • New Zealand Government Bond - Maturing 15 Apr 2025
    New Zealand NZ Fixed Interest AAA
    4.55%
  • New Zealand Government Bond - Maturing 20 Apr 2029
    New Zealand NZ Fixed Interest AAA
    4.34%
  • New Zealand Government Bond - Maturing 15 May 2024
    New Zealand NZ Fixed Interest AAA
    4.14%
  • New Zealand Government Bond - Maturing 15 May 2031
    New Zealand NZ Fixed Interest AAA
    3.03%
  • New Zealand Government Bond - Maturing 15 Apr 2037
    New Zealand NZ Fixed Interest AAA
    2.39%
  • New Zealand Government Bond - Maturing 14 Apr 2033
    New Zealand NZ Fixed Interest AAA
    2.33%
  • New Zealand Government Bond - Maturing 15 May 2026
    New Zealand NZ Fixed Interest AAA
    2.0%
  • New Zealand Government Bond - Maturing 15 May 2034
    New Zealand NZ Fixed Interest AAA
    1.82%
Type Target Actual
Cash and Cash Equivalents 20.0% 20.32%
New Zealand Fixed Interest 40.0% 39.81%
International Fixed Interest 40.0% 39.87%
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%

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.