AMP Capital NZ Short Duration Fund

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Not Mindful
Type: Defensive fund
Past Returns: 2.30%

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

Annual Fees: 0.58%

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.


This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 and research organisations.

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 1.67% 1.93%
2019 2.69% 2.63%
2018 2.37% 2.34%
2017 1.63% 1.98%
2016 2.91% 3.71%
2015 5.21% 4.2%
2014 1.36% 2.15%
2013 4.22% 3.01%
2012 3.86% 2.77%
2011 3.79% 2.98%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • ANZ Bank New Zealand Ltd Bond Maturing 04 Feb 21
    New Zealand Cash and Equivalents A+
    5.15%
  • Kommunalbanken As Bond Maturing 26 May 21
    New Zealand NZ Fixed Interest AAA
    4.26%
  • ASB Bank Ltd Bond Maturing 22 Feb 22
    New Zealand Cash and Equivalents A+
    3.56%
  • International Bank For Reconstruct Bond Maturing 24 Jan 24
    New Zealand NZ Fixed Interest AAA
    3.5%
  • New Zealand Government Bond Maturing 15 May 24
    New Zealand NZ Fixed Interest AA+
    3.27%
  • ASB Bank Ltd Bond Maturing 07 Sep 23
    New Zealand NZ Fixed Interest A+
    2.98%
  • Dunedin City Treasury Ltd Bond Maturing 15 Oct 22
    New Zealand NZ Fixed Interest AA
    2.94%
  • ANZ Bank New Zealand Ltd Bond Maturing 30 May 23
    New Zealand NZ Fixed Interest A+
    2.89%
  • Bank Of New Zealand Bond Maturing 27 Jul 22
    New Zealand NZ Fixed Interest A+
    2.78%
  • New Zealand Local Government Funding Agency Bond Maturing 14 Apr 22
    New Zealand NZ Fixed Interest AA+
    2.63%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.01%
New Zealand Fixed Interest 100.0% 80.54%
International Fixed Interest 0.0% 19.45%
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 Tue June 30th 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:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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 Tue March 31st 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 and research organisations.

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 is an actively managed portfolio of fixed interest securities focusing predominantly on corporate securities in the New Zealand and Australian market with a shorter average maturity than a standard fixed interest fund. The fund specifically targets credit risk and interest rate risk as a source of return. Investment is in a range of fixed interest securities including corporate bank local authority and state owned enterprise bonds mortgage and asset-backed securities infrastructure debt government bonds credit default swaps interest rate swaps cash and cash-like securities. The fund may also contain a modest amount of foreign currency fixed interest securities 100% hedged back to New Zealand dollars.Environmental Social and Governance characteristics are integrated into our investment process.The investment objective is to provide a Gross Return above the return of the Bloomberg NZBond Swaps 1–3 Year Index on a rolling three year basis."

Value $580M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Fri Sept. 28th 2007
Total annual fund fees 0.58%
Total performance based fees 0.0%
Manager's basic fee 0.55%
Administration charges 0.03%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Bevan Graham

Currently: NZ Managing Director and Chief Economist AMP Capital Investors (New Zealand) Limited (1 years, 6 months)
Previously: NZ Chief Economist AMP Capital Investors (New Zealand) Limited (7 years, 3 months)

Warren Potter

Currently: Senior Portfolio Manager AMP Capital Investors (New Zealand) Limited (6 years, 2 months)
Previously: Fixed Income Portfolio Manager AMP Capital Investors (New Zealand) Limited (8 years, 5 months)

Vicky Hyde-Smith

Currently: Head of Fixed Income AMP Capital Investors (New Zealand) Limited (3 years, 4 months)
Previously: Co-Head of Fixed Income AMP Capital Investors (New Zealand) Limited (0 years, 10 months)

Tim Mowbray

Currently: Portfolio Manager AMP Capital Investors (New Zealand) Limited (2 years, 4 months)
Previously: Investment Analyst Fixed Income AMP Capital Investors (New Zealand) Limited (2 years, 0 months)

Carrick Lucas

Currently: Fixed Income Analyst AMP Capital Investors (New Zealand) Limited (1 years, 6 months)
Previously: Senior Portfolio and Liquidity Manager Kiwibank (4 years, 3 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

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.