AMP Capital Ethical Investment Leaders Hedged Global Fixed Interest Fund

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Mindful Fund
Type: Defensive fund
Past Returns: 2.44%

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

Annual Fees: 0.82%

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

Aker BP Asa - 15/01/2030 0.07%
Apt Pipelines Ltd - 22/03/2030 0.11%
BP Capital Markets America Inc - 04/05/2026 0.08%
BP Capital Markets PLC - 03/07/2026 0.11%
BP Capital Markets PLC - 16/02/2027 0.06%
Cimarex Energy Co - 15/03/2029 0.04%
Cimarex Energy Co - 15/05/2027 0.05%
Concho Resources Inc - 15/08/2048 0.06%
Diamondback Energy Inc - 01/12/2026 0.09%
Lyb International Finance Iii - 15/10/2049 0.02%
Marathon Petroleum Corp - 01/04/2048 0.02%
Occidental Petroleum Corp - 15/08/2029 0.02%
Santos Finance Ltd - 14/09/2027 0.11%
Shell International Finance Bv - 07/11/2049 0.05%
Total SA - 02/12/2022 0.03%
Total SA - 18/05/2022 0.03%
Williams Cos Inc/The - 15/09/2045 0.02%

GMOs

Dupont De Nemours Inc - 15/11/2048 0.05%
Vilmorin & Cie SA - 26/05/2021 0.05%

Human Rights & Environmental Violations

Sempra Energy - 01/02/2023 0.10%
Shell International Finance Bv - 07/11/2049 0.05%

Animal Testing

Bayer US Finance Ii Llc - 15/12/2028 0.090%
Coca-Cola Femsa Sab De Cv - 22/01/2030 0.100%
Shell International Finance Bv - 07/11/2049 0.050%

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% 3.53%
2019 2.69% 2.25%
2018 2.37% 1.53%
2017 1.63% 1.43%
2016 2.91% 2.17%
2015 5.21% 6.95%
2014 1.36% 2.32%
2013 4.22% 4.13%
2012 3.86% 4.66%
2011 3.79% 4.35%

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:

  • United States Treasury Note Bond Maturing 31 Mar 22
    United States Int Fixed Interest AA+
    2.13%
  • United States Treasury Note Bond Maturing 15 Aug 24
    United States Int Fixed Interest AA+
    1.77%
  • United States Treasury Note Bond Maturing 15 Aug 26
    United States Int Fixed Interest AA+
    1.38%
  • Mexican Bonos Bond Maturing 03 Jun 27
    Mexico Int Fixed Interest BBB-
    1.29%
  • Japan Treasury Discount Bill Bond Maturing 31 Aug 20
    Japan Int Fixed Interest A+
    1.13%
  • Japan Treasury Discount Bill Bond Maturing 17 Aug 20
    Japan Int Fixed Interest A+
    1.12%
  • United States Treasury Inflation Bond Maturing 15 Apr 29
    United States Int Fixed Interest AA+
    1.08%
  • Ginnie Mae Bond Maturing 15 Jul 42
    United States Int Fixed Interest AA+
    1.05%
  • Italy Buoni Poliennali Del Tesoro Bond Maturing 01 May 21
    Italy Int Fixed Interest BBB-
    1.05%
  • United States Treasury Note Bond Maturing 15 Nov 22
    United States Int Fixed Interest AA+
    0.99%

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% 4.72%
New Zealand Fixed Interest 0.0% 0.24%
International Fixed Interest 100.0% 95.04%
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:
    0.24%
  • Fossil Fuels:
    0.96%
  • Gambling:
    0.00%
  • GMOs:
    0.10%
  • Human Rights & Environmental Violations:
    0.15%
  • 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 a diversified portfolio of international fixed interest securities using a combination of specialist investment managers. The multiple manager approach provides exposure to a range of sectors and securities as well as diversification across investment approaches. The fund is managed to specific ‘responsible investment’ criteria which prohibits investments in certain companies or activities and encourages investment in companies with strong environmental social and governance characteristics. This fund is governed by an ethical charter and has been certified by the Responsible Investment Association of Australasia (RIAA).The performance objective of the fund is to outperform over the medium term the weighted average return of the market indices used to measure performance of the underlying funds/assets in which the fund invests. The fund is hedged back to NZD. AMP Capital is one of New Zealand’s largest investment managers. Our experience and leadership across global asset classes not only provides insights into ever-changing markets, but also means we are at the forefront of developing contemporary investment solutions for New Zealand clients."

Value $110M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Tue Dec. 13th 1994
Total annual fund fees 0.82%
Total performance based fees 0.0%
Manager's basic fee 0.7%
Administration charges 0.12%
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)

Rebekah Swan

Currently: ESG Investment Specialist NZ and Head of Product AMP Capital Investors (New Zealand) Limited (1 years, 3 months)
Previously: Head of Distribution AMP Capital Investors (New Zealand) Limited (3 years, 6 months)

Daniel Mead

Currently: Investment Research Manager AMP Capital Investors (New Zealand) Limited (8 years, 8 months)
Previously: Investment Manager AXA Global Investors (1 years, 1 months)

Greg Fleming

Currently: Head of Investment Strategy AMP Capital Investors (New Zealand) Limited (3 years, 10 months)
Previously: Research Strategist Wealth Management First New Zealand Capital Securities Limited (1 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)

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.