Funds

AMP Select Cash Fund

Fund type: Defensive fund

Past Returns: *2.98%
Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
Annual Fees: 0.8%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

Companies of Concern

This fund has no investments in issues of concern.

From the Fund Provider

  • About this fund

    About this Fund

    Fund type: Defensive fund

    Past Returns: *2.98%
    Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
    Annual Fees: 0.8%
    Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

    In their own words

    This is a single sector fund which primarily invests in cash and short-term deposits. The fund aims to achieve modest, stable returns with a very low level of investment risk, in exchange there should be no significant short-term movements up and down in the value of your investments. This fund is closed to new investors.

    Value $1.48M NZD
    Period of data report 30th Sept. 2025
    Fund started 16th Nov. 2004
    Total annual fund fees 0.8%
    Total performance based fees 0.0%
    Manager's basic fee 0.66%
    Other management and administration charges 0.14%
    Total other charges 0.0
    Total other charges currency NZD

    Key Personnel

    Jeff Ruscoe

    Currently: Investment Committee, Member(Chairman) (6 years, 6 months)
    Previously: Managing Director, AMP Wealth Management New Zealand (3 years, 5 months)

    Mark Ennis

    Currently: Investment Committee, Member (5 years, 2 months)
    Previously: Managing Director, AdviceFirst Limited (5 years, 7 months)

    Justin Boyes

    Currently: Investment Committee, Member (0 years, 9 months)
    Previously: GM, Retail Customer (3 years, 1 months)

    Aaron Klee

    Currently: Investment Committee, Member (0 years, 9 months)
    Previously: GM, Investment Management and Services (3 years, 1 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

  • Past Returns

    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
    2025 3.87% 3.2%
    2024 3.43% 3.49%
    2023 -0.79% 1.76%
    2022 -2.46% -0.16%
    2021 2.15% -0.17%
    2020 1.75% 0.77%
    2019 2.76% 1.06%
    2018 1.94% 1.16%
    2017 1.52% 1.18%
    2016 2.91% 1.76%

    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 30th Sept. 2025.

  • Investments

    Top 10 Investments

    • ASB Bank Ltd - Maturing 8 Dec 2025

      New Zealand Cash and Equivalents P-1

      6.53%

    • ASB Bank Ltd - Maturing 20 Nov 2025

      New Zealand Cash and Equivalents P-1

      5.94%

    • Rabobank New Zealand - Maturing 1 Dec 2025

      New Zealand Cash and Equivalents P-1

      5.94%

    • ASB Bank Ltd - Maturing 5 Nov 2025

      New Zealand Cash and Equivalents P-1

      5.35%

    • Bank Of New Zealand - Maturing 29 October 2025

      New Zealand Cash and Equivalents P-1

      4.76%

    • Westpac New Zealand Ltd - Maturing 14 Nov 2025

      New Zealand Cash and Equivalents P-1

      4.75%

    • Westpac New Zealand Ltd - Maturing 4 Dec 2025

      New Zealand Cash and Equivalents P-1

      4.75%

    • Westpac New Zealand Ltd - Maturing 17 Nov 2025

      New Zealand Cash and Equivalents P-1

      4.16%

    • Westpac New Zealand Ltd - Maturing 22 Jan 2026

      New Zealand Cash and Equivalents P-1

      4.15%

    • Bank Of New Zealand - Maturing 22 Jan 2026

      New Zealand Cash and Equivalents P-1

      4.14%
    Type Target Actual
    Cash and Cash Equivalents 100.0% 100.0%
    New Zealand Fixed Interest 0.0% 0.0%
    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%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025 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.

Issues of Concern

  • 0.0% Environmental Harm
  • 0.0% Fossil Fuels
  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Weapons

Companies of Concern

This fund has no investments in issues of concern.

About this Fund

Fund type: Defensive fund

Past Returns: *2.98%
Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
Annual Fees: 0.8%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

This is a single sector fund which primarily invests in cash and short-term deposits. The fund aims to achieve modest, stable returns with a very low level of investment risk, in exchange there should be no significant short-term movements up and down in the value of your investments. This fund is closed to new investors.

Value $1.48M NZD
Period of data report 30th Sept. 2025
Fund started 16th Nov. 2004
Total annual fund fees 0.8%
Total performance based fees 0.0%
Manager's basic fee 0.66%
Other management and administration charges 0.14%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Jeff Ruscoe

Currently: Investment Committee, Member(Chairman) (6 years, 6 months)
Previously: Managing Director, AMP Wealth Management New Zealand (3 years, 5 months)

Mark Ennis

Currently: Investment Committee, Member (5 years, 2 months)
Previously: Managing Director, AdviceFirst Limited (5 years, 7 months)

Justin Boyes

Currently: Investment Committee, Member (0 years, 9 months)
Previously: GM, Retail Customer (3 years, 1 months)

Aaron Klee

Currently: Investment Committee, Member (0 years, 9 months)
Previously: GM, Investment Management and Services (3 years, 1 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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
2025 3.87% 3.2%
2024 3.43% 3.49%
2023 -0.79% 1.76%
2022 -2.46% -0.16%
2021 2.15% -0.17%
2020 1.75% 0.77%
2019 2.76% 1.06%
2018 1.94% 1.16%
2017 1.52% 1.18%
2016 2.91% 1.76%

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 30th Sept. 2025.

Top 10 Investments

  • ASB Bank Ltd - Maturing 8 Dec 2025

    New Zealand Cash and Equivalents P-1

    6.53%

  • ASB Bank Ltd - Maturing 20 Nov 2025

    New Zealand Cash and Equivalents P-1

    5.94%

  • Rabobank New Zealand - Maturing 1 Dec 2025

    New Zealand Cash and Equivalents P-1

    5.94%

  • ASB Bank Ltd - Maturing 5 Nov 2025

    New Zealand Cash and Equivalents P-1

    5.35%

  • Bank Of New Zealand - Maturing 29 October 2025

    New Zealand Cash and Equivalents P-1

    4.76%

  • Westpac New Zealand Ltd - Maturing 14 Nov 2025

    New Zealand Cash and Equivalents P-1

    4.75%

  • Westpac New Zealand Ltd - Maturing 4 Dec 2025

    New Zealand Cash and Equivalents P-1

    4.75%

  • Westpac New Zealand Ltd - Maturing 17 Nov 2025

    New Zealand Cash and Equivalents P-1

    4.16%

  • Westpac New Zealand Ltd - Maturing 22 Jan 2026

    New Zealand Cash and Equivalents P-1

    4.15%

  • Bank Of New Zealand - Maturing 22 Jan 2026

    New Zealand Cash and Equivalents P-1

    4.14%
Type Target Actual
Cash and Cash Equivalents 100.0% 100.0%
New Zealand Fixed Interest 0.0% 0.0%
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%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

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. 2025 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.