AMP Balanced Portfolio

Not Mindful

Type: Growth fund

Past Returns: 2.14%

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

Annual Fees: 1.93%

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.

Fossil Fuel

Agl Energy Ltd 0.04%
Alliant Energy Corp 0.07%
American Electric Power Co Inc 0.01%
Ampol Ltd 0.01%
Anglo American PLC 0.03%
Apa Group 0.02%
Apt Pipelines Ltd - 22/03/2030 0.01%
Atmos Energy Corp 0.07%
Basf Se 0.02%
BHP Group Ltd 0.37%
BHP Group PLC 0.02%
BP Capital Markets PLC - 03/07/2026 0.01%
BP PLC 0.02%
Canadian Natural Resources Ltd 0.01%
Cheniere Energy Inc 0.02%
Chevron Corp 0.05%
Chubu Electric Power Co Inc 0.02%
Clp Holdings Ltd 0.02%
Cms Energy Corp 0.04%
Coca-Cola Co/The 0.06%
Conocophillips 0.02%
Coronado Global Resources Inc 0.01%
Diamondback Energy Inc - 01/12/2026 0.01%
Dominion Energy Inc 0.05%
Dte Energy Co 0.03%
Edp - Energias De Portugal SA 0.02%
Electricite De France SA 0.01%
Enagas SA 0.01%
Enbridge Inc 0.23%
Enel Spa 0.05%
Eog Resources Inc 0.01%
Evergy Inc 0.04%
Exxon Mobil Corp 0.05%
Firstenergy Corp 0.05%
Genesis Energy Ltd 0.09%
Genesis Energy Ltd - 18/03/2022 0.02%
Gibson Energy Inc 0.08%
Glencore PLC 0.01%
Guangdong Investment Ltd 0.02%
Iberdrola SA 0.03%
Itochu Corp 0.03%
Kinder Morgan Inc 0.06%
Koninklijke Vopak Nv 0.03%
Lg Corp 0.01%
Lukoil PJSC-Adr 0.01%
Lyondellbasell Industries Nv 0.01%
Macquarie Infrastructure Corp 0.01%
Midamerican Energy Co - 15/04/2029 0.03%
Mitsubishi Corp 0.03%
Mitsui & Co Ltd 0.02%
Neste Oyj 0.02%
Nextera Energy Inc 0.23%
Nrg Energy Inc 0.01%
Oge Energy Corp 0.01%
Oil Search Ltd 0.03%
Oneok Inc 0.02%
Origin Energy Ltd 0.04%
Orix Corp 0.02%
Orsted A/S 0.02%
Pembina Pipeline Corp 0.05%
Pinnacle West Capital Corp 0.08%
Plains Gp Holdings Lp 0.05%
Pnm Resources Inc 0.04%
Portland General Electric Co 0.01%
Power Assets Holdings Ltd 0.03%
Ppl Corp 0.01%
Rio Tinto Ltd 0.17%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC-A Shs-Lon 0.02%
Royal Dutch Shell PLC-B Shs 0.03%
Rwe AG 0.03%
Santos Finance Ltd - 14/09/2027 0.01%
Santos Ltd 0.03%
Snam Spa 0.02%
South32 Ltd 0.13%
Sumitomo Corp 0.01%
Suncor Energy Inc 0.01%
Tc Energy Corp 0.13%
Total Se 0.03%
Uniper Se 0.01%
Upm-Kymmene Oyj 0.03%
Vale SA 0.02%
Williams Cos Inc/The 0.15%
Wintershall Dea Finance Bv - 25/09/2028 0.01%
Woodside Petroleum Ltd 0.03%
Xcel Energy Inc 0.06%

Weapons

Amphenol Corp 0.02%
Canadian Tire Corp Ltd 0.01%
Howmet Aerospace (Was Arconic) 0.08%
Teledyne Technologies Inc 0.01%
Transdigm Group Inc 0.02%

Tobacco

Alimentation Couche-Tard Inc 0.01%
British American Tobacco 0.23%
Seven & I Holdings Co Ltd 0.01%

Gambling

Aristocrat Leisure Ltd 0.06%
Crown Resorts Ltd 0.01%
Galaxy Entertainment Group Ltd 0.01%
Gvc Holdings PLC 0.01%
Skycity Entertainment Group Lt-Nzx 0.20%
Tabcorp Holdings Ltd 0.01%
Vici Properties Inc 0.04%

Adult Entertainment/Pornography

Alcohol

Anheuser-Busch Inbev SA/Nv 0.01%
Carlsberg As 0.02%
Delegat Group Ltd 0.04%
Diageo PLC 0.03%
Foley Wines Ltd 0.01%
LVMH Moet Hennessy Louis Vuitt 0.04%
Pernod Ricard SA 0.01%
Treasury Wine Estates Ltd 0.01%
Wuliangye Yibin Co Ltd 0.01%

Palm Oil

GMOs

Corteva Inc 0.01%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.02%
Barrick Gold Corp-Tse 0.03%
BHP Group Ltd 0.37%
BHP Group PLC 0.02%
Chevron Corp 0.05%
Duke Energy Corp 0.07%
Glencore PLC 0.01%
Johnson & Johnson 0.21%
Nestle SA 0.17%
Nutrien Ltd 0.03%
Rio Tinto Ltd 0.17%
Rio Tinto PLC 0.04%
Royal Dutch Shell PLC-A Shs-Lon 0.02%
Royal Dutch Shell PLC-B Shs 0.03%
Sempra Energy 0.14%
Vale SA 0.02%

Animal Testing

Air Liquide SA 0.020%
Air Liquide SA-Pf 0.020%
Air Products and Chemicals Inc 0.060%
Akzo Nobel Nv 0.010%
Archer-Daniels-Midland Co 0.020%
Associated British Foods PLC 0.020%
Basf Se 0.020%
Bayer AG 0.050%
British American Tobacco 0.230%
Chevron Corp 0.050%
Clorox Co/The 0.010%
Coca-Cola Co/The 0.060%
Colgate-Palmolive Co 0.030%
Corteva Inc 0.010%
Danone SA 0.010%
Dow Inc 0.010%
Dupont De Nemours Inc 0.020%
Ecolab Inc 0.020%
Estee Lauder Cos Inc/The 0.030%
Fmc Corp 0.010%
General Mills Inc 0.030%
Givaudan SA 0.010%
Glaxosmithkline PLC 0.050%
Hermes International 0.010%
Hp Inc 0.060%
Johnson & Johnson 0.210%
Kao Corp 0.020%
Kellogg Co 0.020%
Kimberly-Clark Corp 0.050%
Koninklijke Dsm Nv 0.010%
Kraft Heinz Co/The 0.040%
L'Oreal 0.010%
L'Oreal SA-Pf 0.010%
Lanxess AG 0.010%
Linde PLC-Etr 0.020%
Linde PLC-Ny 0.050%
LVMH Moet Hennessy Louis Vuitt 0.040%
Lyondellbasell Industries Nv 0.010%
Mondelez International Inc 0.040%
Mondelez International Inc - 13/04/2030 0.010%
Nestle SA 0.170%
Nutrien Ltd 0.030%
Orkla Asa 0.010%
Pepsico Inc 0.100%
Procter & Gamble Co/The 0.240%
Reckitt Benckiser Group PLC 0.040%
Royal Dutch Shell PLC-A Shs-Lon 0.020%
Royal Dutch Shell PLC-B Shs 0.030%
Seven & I Holdings Co Ltd 0.010%
Sherwin-Williams Co/The 0.030%
Shin-Etsu Chemical Co Ltd 0.020%
Tesco PLC 0.010%
Unilever Nv 0.050%
Unilever PLC 0.030%
Yara International Asa 0.020%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics and research organisations.

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
2020	-4.35%	-3.48%
2019	6.14%	5.45%
2018	7.69%	4.44%
2017	8.26%	6.98%
2016	5.40%	-0.57%
2015	12.09%	9.53%
2014	9.56%	4.97%
2013	13.67%	7.74%
2012	0.62%	-1.76%
2011	6.07%	4.38%

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 Dec. 31st 2020.

Showing the top 10 investments for this fund:

Orbis Global Equity Le Fund
Australia International Equities

3.09%
Fisher & Paykel Healthcare Corp
New Zealand Australasian Equities

1.62%
New Zealand Government Bond Maturing 20 Apr 29
New Zealand NZ Fixed Interest AA+

1.28%
Apple Inc
United States International Equities

1.05%
New Zealand Government Bond Maturing 15 Apr 27
New Zealand NZ Fixed Interest AA+

1.01%
Microsoft Corp
United States International Equities

0.94%
Amazon.Com Inc
United States International Equities

0.84%
A2 Milk Co Ltd
New Zealand Australasian Equities

0.84%
New Zealand Government Bond Maturing 15 May 31
New Zealand NZ Fixed Interest AA+

0.77%
New Zealand Government Bond Maturing 15 Apr 37
New Zealand NZ Fixed Interest AA+

0.76%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	10.0%	8.68%
New Zealand Fixed Interest	15.0%	14.11%
International Fixed Interest	18.0%	13.84%
Australasian Equities	16.0%	16.69%
International Equities	35.0%	40.97%
Listed Properties	4.0%	4.04%
Unlisted Properties	0.0%	0.0%
Other	1.0%	0.72%
Commodities	1.0%	0.95%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 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:

0.01%
Alcohol:

0.29%
Animal Testing:

2.73%
Fossil Fuels:

4.39%
Gambling:

0.39%
GMOs:

0.01%
Human Rights & Environmental Violations:

1.52%
Palm Oil:

0.03%
Tobacco:

0.25%
Weapons:

0.21%

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

"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	$75M NZD
Period of data report	Thu Dec. 31st 2020
Members	Not provided
Fund started	Sat Nov. 30th 1996
Total annual fund fees	1.93%
Total performance based fees	0.0%
Manager's basic fee	1.48%
Administration charges	0.45%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Timothy Pritchard	Currently: Investment Committee Member (1 years, 9 months) Previously: General Counsel AMP Wealth Management New Zealand (2 years, 7 months)
Jeffery Darren Ruscoe	Currently: Investment Committee Member (1 years, 9 months) Previously: Acting Chief Executive AMP Wealth Management New Zealand (0 years, 5 months)
Blair Robert Vernon	Currently: Investment Committee Member (9 years, 6 months) Previously: Acting Chief Executive AMP Australia (0 years, 5 months)
Mark David Ennis	Currently: Investment Committee Member (0 years, 5 months) Previously: Managing Director AdviceFirst Limited (0 years, 10 months)