AMP New Zealand Fixed Interest Fund

In their own words: "This is a single sector fund with exposure to fixed interest securities issued by the New Zealand government or their agencies, the Reserve Bank of New Zealand, local authorities, registered banks and corporations located mainly in New Zealand but may include international securities. The fund may also have exposure to financial derivative instruments for hedging. The fund aims to primarily preserve the value of investment with some capital growth."

Not Mindful
Type: Defensive fund
Past Returns: *3.61%

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

Annual Fees: 0.82%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND613
Name AMP New Zealand Fixed Interest Fund
Risk profile Defensive fund
Description This is a single sector fund with exposure to fixed interest securities issued by the New Zealand government or their agencies, the Reserve Bank of New Zealand, local authorities, registered banks and corporations located mainly in New Zealand but may include international securities. The fund may also have exposure to financial derivative instruments for hedging. The fund aims to primarily preserve the value of investment with some capital growth.
Value $3.3M NZD
Members 152
Market index description Bloomberg NZBond Composite 0+ Yr Index
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Thu July 28th 2016
Three-year average return *3.61%
Market index past year return 4.89%
Past year return net charges and tax 3.23%
Past year return net of charges gross of tax 4.5%
Market index return since fund started 3.37%
Return since fund started net 2.24%
Total annual fund fees 0.82%
Total performance based fees 0.0%
Manager's basic fee 0.72%
Administration charges 0.1%
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 2.26% 4.36%
2018 2.15% 2.86%

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:

  • New Zealand Government Bond Bond Maturing 15 Apr 27
    New Zealand NZ Fixed Interest AA+
    8.74%
  • New Zealand Government Bond Bond Maturing 20 Apr 29
    New Zealand NZ Fixed Interest AA+
    7.32%
  • New Zealand Government Bond Bond Maturing 15 Apr 37
    New Zealand NZ Fixed Interest AA+
    5.61%
  • New Zealand Government Bond Bond Maturing 14 Apr 33
    New Zealand NZ Fixed Interest AA+
    5.21%
  • Call Account (Westpac Banking Corporation Ad)
    New Zealand Cash and Equivalents AA
    4.76%
  • New Zealand Local Government F Bond Maturing 15 Apr 25
    New Zealand NZ Fixed Interest AA+
    3.37%
  • New Zealand Government Inflati Bond Maturing 20 Sep 25
    New Zealand NZ Fixed Interest AA+
    2.68%
  • New Zealand Local Government F Bond Maturing 15 Apr 27
    New Zealand NZ Fixed Interest AA+
    1.98%
  • Kiwibank Ltd Bond Maturing 14 Nov 22
    New Zealand NZ Fixed Interest A+
    1.83%
  • Asian Development Bank Bond Maturing 28 Apr 21
    New Zealand NZ Fixed Interest AAA
    1.8%

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 0.0% 4.92%
New Zealand Fixed Interest 100.0% 81.96%
International Fixed Interest 0.0% 13.12%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

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
    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 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:

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.