AMP Aggressive Fund (Lifesteps)

In their own words: "The fund has a well-diversified portfolio that aims to provide growth, primarily through holding growth assets with a low allocation to income assets. The fund aims to achieve high returns, in exchange there will be larger movements up and down in the value of your investments."

Not Mindful
Type: Aggressive fund
Past Returns: 8.57%

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

Annual Fees: 1.12%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND4451
Name AMP Aggressive Fund (Lifesteps)
Risk profile Aggressive fund
Description The fund has a well-diversified portfolio that aims to provide growth, primarily through holding growth assets with a low allocation to income assets. The fund aims to achieve high returns, in exchange there will be larger movements up and down in the value of your investments.
Value $120M NZD
Members 15,550
Market index description A composite index is calculated using the target investment mix weightings of the underlying market and peer group indices for the asset classes that the fund invests into. Additional information about the market index is available on the offer register.
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Mon Oct. 1st 2007
Three-year average return 8.57%
Market index past year return 23.24%
Past year return net charges and tax 21.02%
Past year return net of charges gross of tax 22.26%
Market index return since fund started 9.80%
Return since fund started net 7.15%
Total annual fund fees 1.12%
Total performance based fees 0.0%
Manager's basic fee 1.12%
Administration charges 0.0%
Total other charges 23.4
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 10.11% 7.63%
2018 6.68% 6.9%
2017 11.18% 11.17%
2016 4.51% -1.07%
2015 15.30% 13.1%
2014 10.31% 8.53%
2013 13.23% 11.38%
2012 -5.15% -1.67%
2011 7.61% 5.44%
2010 26.74% 16.71%

The market index is the average NZ KiwiSaver 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 KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Orbis Global Equity Le Fund
    Australia International Equities N/A
    4.54%
  • Call Account (Westpac Banking Corporation Advance Acct)
    New Zealand Cash and Equivalents AA
    2.07%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities N/A
    1.78%
  • Fisher & Paykel Healthcare Corp
    New Zealand Australasian Equities N/A
    1.59%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities N/A
    1.31%
  • Gam Systematic Alternative Risk Premia Fund
    Australia Other N/A
    1.15%
  • Microsoft Corp
    United States International Equities N/A
    1.06%
  • Auckland International Airport
    New Zealand Australasian Equities N/A
    1.02%
  • Apple Inc
    United States International Equities N/A
    0.97%
  • Kiwi Property Group Ltd
    New Zealand Listed Property N/A
    0.94%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 5.49%
New Zealand Fixed Interest 3.0% 2.8%
International Fixed Interest 5.0% 1.08%
Australasian Equities 24.5% 24.89%
International Equities 52.75% 56.25%
Listed Properties 7.0% 7.08%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 1.38% 1.15%
Commodities 1.38% 1.26%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Blair Robert Vernon

    Currently: Investment Committee Member (8 years, 6 months)
    Previously: Chief Executive, AMP Wealth Management New Zealand (1 years, 0 months)

  • Jeffery Darren Ruscoe

    Currently: Investment Committee Member (0 years, 9 months)
    Previously: Chief Client Officer, AMP Wealth Management New Zealand (0 years, 9 months)

  • Timothy Pritchard

    Currently: Investment Committee Member (0 years, 9 months)
    Previously: General Counsel, AMP Wealth Management New Zealand (1 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

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
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.61%
  • Animal Testing:
    3.60%
  • Fossil Fuels:
    4.87%
  • Gambling:
    0.73%
  • GMOs:
    0.34%
  • Human Rights & Environmental Violations:
    2.45%
  • Palm Oil:
    0.05%
  • Tobacco:
    0.33%
  • Weapons:
    0.24%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 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 KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

BHP Group Ltd 0.54%
Enbridge Inc 0.34%
Nextera Energy Inc 0.27%
Kinder Morgan Inc/De 0.20%
South32 Ltd 0.18%
Origin Energy Ltd 0.15%
Exxon Mobil Corp 0.13%
Royal Dutch Shell Plc-B Shs 0.13%
Royal Dutch Shell Plc-A Shs - London Se 0.12%
Total Sa 0.12%
Bp Plc 0.12%
Chevron Corp 0.12%
Gibson Energy Inc 0.11%
Santos Ltd 0.11%
Plains Gp Holdings Lp 0.11%
Woodside Petroleum Ltd 0.10%
BHP Group Plc 0.10%
Conocophillips 0.09%
Apa Group 0.08%
Anglo American Plc - London Se 0.08%
Cheniere Energy Inc 0.07%
Semgroup Corp 0.07%
Phillips 66 0.06%
Omv Ag 0.06%
Pembina Pipeline Corp 0.06%
Lukoil Pjsc - Adr - Otc 0.05%
Suncor Energy Inc 0.04%
Eni Spa 0.04%
Occidental Petroleum Corp 0.04%
Glencore Plc 0.04%
Engie Sa 0.04%
Valero Energy Corp 0.04%
Lyondellbasell Industries Nv 0.03%
Dominion Energy Inc 0.03%
Eog Resources Inc 0.03%
Koninklijke Vopak Nv 0.03%
Marathon Petroleum Corp 0.03%
Cnooc Ltd 0.03%
Enagas Sa 0.03%
Canadian Natural Resources Ltd 0.03%
Royal Dutch Shell Plc-A Shs - Ams 0.02%
Tatneft Pao 0.02%
Targa Resources Corp 0.02%
Infraestructura Energetica Nov 0.02%
Oil Search Ltd 0.02%
Snam Spa 0.02%
Gazprom Pjsc - Adr - Otc 0.02%
Mol Hungarian Oil & Gas Plc 0.02%
Altagas Canada Inc 0.02%
Oneok Inc 0.02%
Marubeni Corp 0.01%
Repsol Sa 0.01%
Caltex Australia Ltd 0.01%
Petrobras - Petroleo Bras-Pr 0.01%
Petrochina Co Ltd-H 0.01%
Jxtg Holdings Inc 0.01%
Sasol Ltd 0.01%
Engie Brasil Sa 0.01%
Kunlun Energy Co Ltd 0.01%
Hollyfrontier Corp 0.01%
Anglo American Platinum Ltd 0.01%
Equinor Asa 0.01%
Engie Eur1 Prime Fidelite 2020 0.01%
Pioneer Natural Resources Co 0.01%
Hess Corp 0.01%
Apache 0.07%
Total 0.07%
Inpex 0.07%

Weapons

Meggitt Plc 0.04%
Transdigm Group Inc 0.02%
Heico Corp 0.02%
Mitsubishi Heavy Industries Lt 0.02%
Heico Corp-Class A 0.01%
Mitsubishi 0.10%

Tobacco

British American Tobacco 0.21%
Imperial Brands 0.11%

Gambling

Skycity Entertainment Group Lt - Nzx 0.39%
Aristocrat Leisure Ltd 0.08%
Tabcorp Holdings Ltd 0.07%
Crown Resorts Ltd 0.04%
Las Vegas Sands Corp 0.04%
Genting Singapore Ltd 0.02%
Sands China Ltd 0.02%
Galaxy Entertainment Group Ltd 0.02%
Wynn Macau Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vuitt 0.10%
Diageo Plc 0.10%
Carlsberg A/S 0.06%
Delegat Group Ltd 0.05%
Anheuser-Busch Inbev Sa/Nv 0.05%
Pernod Ricard Sa 0.03%
Treasury Wine Estates Ltd 0.03%
Constellation Brands Inc 0.02%
Want Want China Holdings Ltd 0.01%
Graincorp Ltd 0.01%
Heineken Nv 0.01%
Wuliangye Yibin Co Ltd 0.01%
Ambev Sa 0.01%
Ambev Sa-Adr 0.01%
Molson Coors Brewing Co 0.01%

Palm Oil

Astra International Tbk Pt 0.02%

GMOs

Novartis Ag 0.20%
Bayer Ag 0.05%
Dupont De Nemours Inc 0.03%
Basf Se 0.03%
Nutrien Ltd 0.02%

Human Rights & Environmental Violations

BHP Group Ltd 0.54%
Johnson & Johnson 0.36%
Nestle Sa 0.36%
Sempra Energy 0.18%
Royal Dutch Shell Plc-B Shs 0.13%
Royal Dutch Shell Plc-A Shs - London Se 0.12%
Chevron Corp 0.12%
Duke Energy Corp 0.11%
BHP Group Plc 0.10%
Glencore Plc 0.04%
Barrick Gold Corp - Tse 0.03%
Vale Sa 0.03%
Petroleo Brasileiro-Spon Adr 0.03%
Royal Dutch Shell Plc-A Shs - Ams 0.02%
Mmc Norilsk Nickel Pjsc - Adr - London Se 0.02%
Astra International Tbk Pt 0.02%
Archer-Daniels-Midland Co 0.02%
Nutrien Ltd 0.02%
Mmc Norilsk Nickel Pjsc - Adr - Otc 0.01%
Tokyo Electric Power Co Holdin 0.01%
Grupo Mexico Sab De Cv 0.01%
Petrochina Co Ltd-H 0.01%
Vale 0.10%

Animal Testing

Johnson & Johnson 0.360%
Nestle Sa 0.360%
Procter & Gamble Co/The 0.330%
Pepsico Inc 0.230%
Coca-Cola Co/The 0.150%
Royal Dutch Shell Plc-B Shs 0.130%
Royal Dutch Shell Plc-A Shs - London Se 0.120%
Chevron Corp 0.120%
Lvmh Moet Hennessy Louis Vuitt 0.100%
Colgate-Palmolive Co 0.100%
Unilever Plc 0.070%
Glaxosmithkline Plc 0.060%
Kimberly-Clark Corp 0.060%
Bayer Ag 0.050%
Walgreens Boots Alliance Inc 0.050%
L'Oreal Sa 0.050%
Unilever Nv 0.050%
Ecolab Inc 0.040%
Air Products & Chemicals Inc 0.040%
General Mills Inc 0.040%
Estee Lauder Cos Inc/The 0.030%
Danone Sa 0.030%
Basf Se 0.030%
Reckitt Benckiser Group Plc 0.030%
Church & Dwight Co Inc 0.020%
Ppg Industries Inc 0.020%
Air Liquide Eur5 Prime Fidelit 0.020%
Royal Dutch Shell Plc-A Shs - Ams 0.020%
Clorox Co/The 0.020%
L Brands Inc 0.020%
Coca-Cola Hbc Ag 0.020%
Givaudan Sa 0.020%
Archer-Daniels-Midland Co 0.020%
Air Liquide Sa 0.020%
Akzo Nobel Nv 0.020%
Coca-Cola European Partners Pl 0.010%
Shiseido Co Ltd 0.010%
Tesco Plc 0.010%
Koninklijke Dsm Nv 0.010%
Chr Hansen Holding A/S 0.010%
Beiersdorf Ag 0.010%
Mitsui Chemicals Inc 0.010%
British American Tobacco 0.212%
Imperial Brands 0.108%
Mitsubishi 0.099%
Reckitt Benckiser Group 0.080%

Download the fund's disclosure statement and portfolio holdings.

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