Funds
AMP Balanced 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 0.46%
- Enel Spa 0.12%
- Algonquin Power and Utilities Corp 0.04%
- Northland Power Inc 0.04%
- Anglo American PLC 0.01%
Weapons
- Walmart Inc 0.05%
- Wal Mart De Mexico 0.03%
Gambling
- Skycity Entertainment Group Limited 0.14%
- Aristocrat Leisure Ltd 0.04%
Alcohol
- Diageo PLC 0.49%
- Molson Coors Beverage Co 0.04%
- Weichow Moutai Co Ltd 0.04%
- Ambev SA Com Npv 0.02%
- Budweiser Brewing Company Apac Ltd 0.02%
- Treasury Wine Estates Limited 0.02%
- Anheuser Busch Inbev SA Nv 0.01%
- Pernod-Ricard SA 0.01%
- Tsingtao Brewery Company Limited 0.01%
- Wuliangye Yibin Co Ltd 0.01%
GMOs
- Corteva Inc 0.07%
Human Rights & Environmental Violations
- Nutrien Ltd Com Npv 0.24%
- Johnson & Johnson Com US$1 0.11%
- Motorola Solutions Inc 0.08%
- Nestle SA 0.08%
- Uber Technologies Inc 0.08%
- Corteva Inc 0.07%
- Rio Tinto Ltd 0.07%
- Thermo Fisher Scientific Inc 0.05%
- Li Ning Co Ltd 0.04%
- Activision Blizzard Inc 0.02%
- Caterpillar Inc 0.02%
- Rio Tinto PLC Ord 10P Gbp 0.02%
- Bayer AG 0.01%
- Centrais Electricas Brasileiras SA 0.01%
Animal Cruelty
- Pepsico Inc 0.72%
- General Mills Inc 0.24%
- Nutrien Ltd Com Npv 0.24%
- Colgate Palmolive Usd1 0.20%
- Kimberly Clark Corp Com Usd1.25 0.20%
- 3M Co 0.14%
- Keurig Dr Pepper Inc 0.14%
- PPG Industries Inc 0.14%
- Koninklijke Dsm Nv 0.11%
- Kellogg Company 0.09%
- Mosaic Co Com 0.09%
- Kering 0.08%
- Nestle SA 0.08%
- Corteva Inc 0.07%
- Kerry Group PLC-A 0.07%
- L'Oreal 0.07%
- Ajinomoto Co Inc Jpy 0.06%
- Ping An Insurance Group Of China Limited 0.06%
- Akzo Nobel Nv Eur0.50 0.05%
- Clorox Co Del 0.05%
- Daikin Industries 0.05%
- Hormel Foods Corporation 0.05%
- Burberry Group PLC 0.04%
- Dow Inc 0.04%
- George Weston Ltd 0.04%
- LVMH Moet Hennessy Vuitton Se 0.04%
- Molson Coors Beverage Co 0.04%
- Campbell Soup Co USD 0.03%
- Orkla Asa 0.03%
- Unilever PLC 0.03%
- Air Liquide 0.02%
- Danone 0.02%
- Mondelez International Inc 0.02%
- Mowi Asa 0.02%
- Bayer AG 0.01%
- Estee Lauder Companies 0.01%
- Hermes International 0.01%
- Sherwin Williams Com Usd1 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 has a balance of risk through holding growth assets and an allocation to lower-risk income assets. The fund aims to achieve medium returns, in exchange there will be some movements up and down in the value of your investments.
| Value | $52M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 30th Nov. 1996 |
| Total annual fund fees | 1.72% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.47% |
| Other management and administration charges | 0.25% |
| 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 | 0.77% | |
| Animal Cruelty | 3.93% | |
| Fossil Fuels | 0.78% | |
| Gambling | 0.37% | |
| GMOs | 0.07% | |
| Human Rights & Environmental Violations | 1.05% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.10% |
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 | 0.34% | -0.34% |
| 2021 | 17.46% | 17.76% |
| 2020 | -1.59% | -3.48% |
| 2019 | 4.47% | 5.45% |
| 2018 | 4.41% | 4.44% |
| 2017 | 5.71% | 6.98% |
| 2016 | 3.06% | -0.57% |
| 2015 | 8.56% | 9.53% |
| 2014 | 6.13% | 4.97% |
| 2013 | 8.77% | 7.74% |
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
-
Microsoft Corp
United States International Equities1.64% -
Apple Inc
United States International Equities1.5% -
BNP USD Account
United States Cash and Equivalents1.31% -
New Zealand Government Bond - Maturing 15 Apr 2023
New Zealand NZ Fixed Interest AAA1.28% -
New Zealand Government Bond - Maturing 15 Apr 2027
New Zealand NZ Fixed Interest AAA1.19% -
New Zealand Government Bond - Maturing 15 Apr 2025
New Zealand NZ Fixed Interest AAA1.15% -
New Zealand Government Bond - Maturing 20 Apr 2029
New Zealand NZ Fixed Interest AAA1.11% -
New Zealand Government Bond - Maturing 15 May 2024
New Zealand NZ Fixed Interest AAA1.06% -
New Zealand Government Inflation Linked Bond - Maturing 20 Sep 2035
New Zealand NZ Fixed Interest AAA1.02% -
Bank Of New Zealand Call Account
New Zealand Cash and Equivalents0.94%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 11.0% | 11.06% |
| New Zealand Fixed Interest | 13.0% | 13.05% |
| International Fixed Interest | 19.0% | 19.11% |
| Australasian Equities | 10.0% | 10.05% |
| International Equities | 47.0% | 46.73% |
| 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.