AMP Capital Global Shares Fund

Not Mindful

Type: Aggressive fund

Past Returns: 2.07%

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

Annual Fees: 1.14%

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

Aes Corp/The 0.03%
Agl Energy Ltd 0.01%
Ameren Corp 0.02%
American Electric Power Co Inc 0.03%
Anglo American PLC 0.09%
Arcelormittal SA 0.01%
Atmos Energy Corp 0.01%
Basf Se 0.05%
BHP Group Ltd 0.06%
BHP Group PLC 0.18%
BP PLC 0.04%
BP PLC-Spons Adr 0.07%
Canadian National Railway Co 0.07%
Canadian Natural Resources Ltd 0.01%
Canadian Pacific Railway Ltd 0.03%
Centrica PLC 0.01%
Chevron Corp 0.08%
China Shenhua Energy Co Ltd 0.02%
Chubu Electric Power Co Inc 0.01%
Clp Holdings Ltd 0.01%
Cms Energy Corp 0.02%
Cnooc Ltd 0.03%
Coca-Cola Co/The 0.26%
Conocophillips 0.11%
Dominion Energy Inc 0.04%
Dorchester Minerals Lp 0.02%
Drax Group PLC 0.02%
Dte Energy Co 0.03%
E.On Se 0.03%
Edp - Energias De Portugal SA 0.01%
Electric Power Development Co 0.01%
En+ Group International PJSC 0.02%
Enbridge Inc 0.04%
Enel Spa 0.42%
Enel Spa - Unspon Adr 0.02%
Engie 0.11%
Engie Brasil SA 0.03%
Engie-Spon Adr 0.05%
Eni Spa 0.02%
Eog Resources Inc 0.01%
Evergy Inc 0.02%
Exxon Mobil Corp 0.13%
First Quantum Minerals Ltd 0.01%
Fortis Inc/Canada 0.01%
Fortum Oyj 0.02%
Franco-Nevada Corp 0.07%
Gazprom PJSC-Adr 0.01%
Gazprom PJSC-Lon 0.01%
Genting Bhd 0.01%
Glencore PLC 0.02%
Global Partners Lp 0.01%
Hengli Petrochemical Co Ltd 0.04%
Hong Kong & China Gas Co Ltd 0.01%
Iberdrola SA 0.09%
Inpex Corp 0.02%
Itochu Corp 0.05%
Japan Petroleum Exploration Co 0.02%
Kansas City Southern 0.01%
Kghm Polska Miedz SA 0.02%
Kinder Morgan Inc 0.02%
Kunlun Energy Co Ltd 0.01%
Lg Corp 0.07%
Loews Corp 0.03%
Lukoil PJSC-Adr 0.05%
Lukoil PJSC-Lon 0.06%
Lyondellbasell Industries Nv 0.07%
Marathon Petroleum Corp 0.01%
Mitsubishi Corp 0.03%
Mitsui & Co Ltd 0.02%
Mol Hungarian Oil & Gas PLC 0.02%
Neste Oyj 0.01%
Nextera Energy Inc 0.11%
Norfolk Southern Corp 0.04%
OMV AG 0.01%
Orix Corp 0.02%
Orsted A/S 0.04%
Phillips 66 0.01%
Pioneer Natural Resources Co 0.03%
Polskie Gornictwo Naftowe I Ga 0.03%
Ppl Corp 0.01%
Reliance Industries Ltd 0.04%
Rio Tinto Ltd 0.04%
Rio Tinto PLC 0.29%
Royal Dutch Shell PLC-A Shs-Ams 0.01%
Royal Dutch Shell PLC-A Shs-Lon 0.05%
Royal Dutch Shell PLC-B Shs 0.03%
Rwe AG 0.04%
Sse PLC 0.01%
Sumitomo Corp 0.01%
Suncor Energy Inc 0.03%
Tatneft Pao 0.02%
Tc Energy Corp 0.03%
Teekay Lng Partners Lp 0.01%
Total Se 0.08%
Uniper Se 0.02%
Upm-Kymmene Oyj 0.01%
Vale SA 0.06%
Vale SA-Sp Adr 0.07%
Valero Energy Corp 0.03%
Verbund AG 0.01%
Wec Energy Group Inc 0.02%
Weyerhaeuser Co 0.01%
Williams Cos Inc/The 0.02%
Woodside Petroleum Ltd 0.03%
Xcel Energy Inc 0.05%

Weapons

Amphenol Corp 0.07%
Bharat Electronics Ltd 0.05%
Howmet Aerospace (Was Arconic) 0.29%
Howmet Aerospace Inc 0.03%
Teledyne Technologies Inc 0.07%
Transdigm Group Inc 0.03%

Tobacco

Alimentation Couche-Tard Inc 0.02%
British American Tobacco 0.82%
Seven & I Holdings Co Ltd 0.01%
Seven & I Holdings-Unspn Adr 0.02%

Gambling

Accel Entertainment Inc 0.01%
Evolution Gaming Group 0.01%
Flutter Entertainment PLC 0.01%
Genting Bhd 0.01%
Las Vegas Sands Corp 0.04%

Adult Entertainment/Pornography

Alcohol

Anheuser-Busch Inbev SA/Nv 0.03%
Asahi Group Holdings Ltd 0.01%
Brown-Forman Corp 0.01%
Carlsberg As 0.06%
Chengdu Hongqi Chain Co Ltd 0.02%
Constellation Brands Inc 0.04%
Diageo PLC 0.09%
Heineken Nv 0.03%
Kirin Holdings Co Ltd 0.01%
Kirin Holdings Co-Spon Adr 0.02%
LVMH Moet Hennessy Louis Vuitt 0.10%
Pernod Ricard SA 0.02%
Want Want China Holdings Ltd 0.04%
Wuliangye Yibin Co Ltd 0.06%

Palm Oil

Genting Bhd 0.01%
Indofood Cbp Sukses Makmur Tbk 0.03%

GMOs

Corteva Inc 0.06%

Human Rights & Environmental Violations

Archer-Daniels-Midland Co 0.02%
Barrick Gold Corp 0.05%
Barrick Gold Corp-Ny 0.16%
Barrick Gold Corp-Tse 0.06%
BHP Group Ltd 0.06%
BHP Group PLC 0.18%
Chevron Corp 0.08%
Duke Energy Corp 0.06%
Freeport-Mcmoran Inc 0.05%
Genting Bhd 0.01%
Glencore PLC 0.02%
Grupo Mexico Sab De Cv 0.05%
Hindustan Zinc Ltd 0.02%
Johnson & Johnson 0.81%
Mmc Norilsk Nickel PJSC-Lon 0.03%
Nestle Malaysia Bhd 0.01%
Nestle SA 1.02%
Nutrien Ltd-Ny 0.01%
Nutrien Ltd-Tse 0.03%
Petroleo Brasileiro SA 0.05%
Rio Tinto Ltd 0.04%
Rio Tinto PLC 0.29%
Royal Dutch Shell PLC-A Shs-Ams 0.01%
Royal Dutch Shell PLC-A Shs-Lon 0.05%
Royal Dutch Shell PLC-B Shs 0.03%
Sempra Energy 0.02%
Tokyo Electric Power Co Holdin 0.03%
Vale SA 0.06%
Vale SA-Sp Adr 0.07%

Animal Testing

Air Liquide SA 0.440%
Air Products and Chemicals Inc 0.040%
Akzo Nobel Nv 0.030%
Archer-Daniels-Midland Co 0.020%
Asahi Group Holdings Ltd 0.010%
Associated British Foods PLC 0.010%
Avi Ltd 0.020%
Basf Se 0.050%
Bayer AG 0.040%
Beiersdorf AG 0.020%
British American Tobacco 0.820%
Celanese Corp 0.040%
Chevron Corp 0.080%
China Feihe Ltd 0.010%
Church & Dwight Co Inc 0.050%
Clorox Co/The 0.050%
Coca-Cola Co/The 0.260%
Colgate-Palmolive Co 0.150%
Corteva Inc 0.060%
Coty Inc 0.010%
Danone SA 0.100%
Dow Inc 0.020%
Dupont De Nemours Inc 0.030%
Eastman Chemical Co 0.010%
Ecolab Inc 0.030%
Estee Lauder Cos Inc/The 0.030%
Fujifilm Holdings Corp 0.020%
General Mills Inc 0.080%
Givaudan SA 0.030%
Glaxosmithkline PLC 0.110%
Henkel AG & Co Kgaa Vorzug 0.010%
Herbalife Nutrition Ltd 0.010%
Hermes International 0.040%
Hindustan Unilever Ltd 0.010%
Hp Inc 0.100%
Johnson & Johnson 0.810%
Kao Corp-Otc 0.010%
Kao Corp-Tks 0.040%
Kellogg Co 0.010%
Kerry Group PLC 0.010%
Kikkoman Corp 0.050%
Kimberly-Clark Corp 0.130%
Kimberly-Clark De Mexico Sab D 0.010%
Kirin Holdings Co Ltd 0.010%
Kirin Holdings Co-Spon Adr 0.020%
Koninklijke Dsm Nv 0.060%
Kraft Heinz Co/The 0.010%
L'Oreal SA 0.110%
Lg Household & Health Care 0.020%
Linde PLC-Etr 0.030%
Linde PLC-Ny 0.060%
Lotte Fine Chemical Co Ltd 0.040%
LVMH Moet Hennessy Louis Vuitt 0.100%
Lyondellbasell Industries Nv 0.070%
Mitsubishi Gas Chemical Co Inc 0.020%
Mondelez International Inc 0.080%
Mosaic Co/The 0.100%
Nestle Malaysia Bhd 0.010%
Nestle SA 1.020%
Nippon Paint Holdings Co Ltd 0.010%
Novozymes A/S 0.020%
Nutrien Ltd-Ny 0.010%
Nutrien Ltd-Tse 0.030%
Orkla Asa 0.020%
Pepsico Inc 0.210%
Petronas Chemicals Group Bhd 0.010%
PPG Industries Inc 0.020%
Procter & Gamble Co/The 1.020%
Ralph Lauren Corp 0.020%
Reckitt Benckiser Group PLC 0.080%
Reliance Industries Ltd 0.040%
Royal Dutch Shell PLC-A Shs-Ams 0.010%
Royal Dutch Shell PLC-A Shs-Lon 0.050%
Royal Dutch Shell PLC-B Shs 0.030%
Sensient Technologies Corp 0.020%
Seven & I Holdings Co Ltd 0.010%
Seven & I Holdings-Unspn Adr 0.020%
Sherwin-Williams Co/The 0.040%
Shin-Etsu Chemical Co Ltd 0.060%
Shiseido Co Ltd 0.010%
Societe Bic SA 0.020%
Standard Foods Corp 0.010%
Symrise AG 0.010%
Tesco PLC 0.020%
Unicharm Corp 0.080%
Unilever Nv 0.100%
Unilever PLC 0.100%
Xerox Holdings Corp 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	-7.57%	-8.55%
2019	10.01%	3.83%
2018	7.40%	10.93%
2017	9.64%	14.36%
2016	4.71%	-0.33%
2015	14.67%	16.52%
2014	10.13%	16.06%
2013	13.93%	10.69%
2012	-2.50%	-5.36%
2011	5.97%	7.27%

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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

Orbis Global Equity Le Fund
Australia International Equities

10.69%
Microsoft Corp
United States International Equities

2.81%
Amazon.Com Inc
United States International Equities

2.47%
Apple Inc
United States International Equities

1.8%
Tencent Holdings Ltd
Hong Kong International Equities

1.39%
Nvidia Corp
United States International Equities

1.28%
Alibaba Group Holding Ltd
United States International Equities

1.16%
Nestle SA
Switzerland International Equities

1.02%
Procter & Gamble Co
United States International Equities

1.02%
Visa Inc
United States International Equities

0.85%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 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%	4.25%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	0.0%	0.0%
Australasian Equities	0.0%	0.97%
International Equities	100.0%	94.78%
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 Wed Sept. 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:

0.01%
Alcohol:

0.59%
Animal Testing:

8.14%
Fossil Fuels:

4.88%
Gambling:

0.16%
GMOs:

0.06%
Human Rights & Environmental Violations:

3.44%
Palm Oil:

0.05%
Tobacco:

0.89%
Weapons:

0.60%

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 invests in international shares listed on share markets around the world by using investment managers from around the world which are combined in a multi-manager fund.Environmental Social and Governance characteristics are integrated into the underlying investment managers' investment processes where applicable.The investment objective is to provide a Gross Return above the return of the MSCI All Country World ex Tobacco Index with net dividends reinvested (69% gross hedged to the New Zealand dollar) on a rolling three year basis."

Value	$58M NZD
Period of data report	Wed Sept. 30th 2020
Members	Not provided
Fund started	Tue Dec. 13th 1994
Total annual fund fees	1.14%
Total performance based fees	0.0%
Manager's basic fee	1.0%
Administration charges	0.14%
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, 9 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, 6 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, 11 months) Previously: Investment Manager AXA Global Investors (1 years, 1 months)
Greg Fleming	Currently: Head of Investment Strategy AMP Capital Investors (New Zealand) Limited (4 years, 1 months) Previously: Research Strategist Wealth Management First New Zealand Capital Securities Limited (1 years, 3 months)
Vicky Hyde-Smith	Currently: Head of Fixed Income AMP Capital Investors (New Zealand) Limited (3 years, 7 months) Previously: Co-Head of Fixed Income AMP Capital Investors (New Zealand) Limited (0 years, 10 months)