AMP Passive International Shares Fund

In their own words: "This is a single sector fund that aims to passively track the MSCI World ex Tobacco Net Index to provide investors with exposure to securities in developed equity markets. The fund aims to achieve long term capital growth primarily through exposure to a passively managed portfolio of equities of companies listed on international stock exchanges (which may include the NZ stock exchange for this fund)."

Not Mindful
Type: Aggressive fund
Past Returns: *7.70%

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

Annual Fees: 0.93%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND614
Name AMP Passive International Shares Fund
Risk profile Aggressive fund
Description This is a single sector fund that aims to passively track the MSCI World ex Tobacco Net Index to provide investors with exposure to securities in developed equity markets. The fund aims to achieve long term capital growth primarily through exposure to a passively managed portfolio of equities of companies listed on international stock exchanges (which may include the NZ stock exchange for this fund).
Value $4.7M NZD
Members 313
Market index description MSCI World ex Tobacco Net Index (60% hedged to NZD)
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Thu July 28th 2016
Three-year average return *7.70%
Market index past year return 26.96%
Past year return net charges and tax 24.98%
Past year return net of charges gross of tax 26.38%
Market index return since fund started 13.43%
Return since fund started net 11.43%
Total annual fund fees 0.93%
Total performance based fees 0.0%
Manager's basic fee 0.72%
Administration charges 0.21%
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% 7.71%
2018 6.68% 7.69%

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:

  • Apple Inc
    United States International Equities N/A
    2.89%
  • Microsoft Corp
    United States International Equities N/A
    2.52%
  • Amazon.Com Inc
    United States International Equities
    1.7%
  • Facebook Inc
    United States International Equities N/A
    1.08%
  • Jpmorgan Chase & Co
    United States International Equities N/A
    0.97%
  • Alphabet Inc (Class C)
    United States International Equities
    0.92%
  • Alphabet Inc (Class A)
    United States International Equities N/A
    0.87%
  • Johnson & Johnson
    United States International Equities N/A
    0.84%
  • Nestle Sa
    Switzerland International Equities
    0.71%
  • Visa Inc
    United States International Equities
    0.71%

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% 2.12%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 2.3%
International Equities 100.0% 95.58%
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
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.22%
  • Animal Testing:
    8.44%
  • Fossil Fuels:
    5.97%
  • Gambling:
    0.31%
  • GMOs:
    1.05%
  • Human Rights & Environmental Violations:
    3.75%
  • Palm Oil:
    0.03%
  • Tobacco:
    0.01%
  • Weapons:
    0.19%

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

Exxon Mobil Corp 0.76%
Chevron Corp 0.56%
Bp Plc 0.32%
Royal Dutch Shell Plc-A Shs 0.32%
Total Sa 0.30%
Royal Dutch Shell Plc-B Shs 0.27%
Nextera Energy Inc 0.26%
Enbridge Inc 0.18%
BHP Group Ltd 0.18%
Conocophillips 0.16%
Dominion Energy Inc 0.16%
Suncor Energy Inc 0.12%
BHP Group Plc 0.12%
Phillips 66 0.12%
Eog Resources Inc 0.11%
Marathon Petroleum Corp 0.10%
Occidental Petroleum Corp 0.10%
Kinder Morgan Inc/De 0.10%
Valero Energy Corp 0.09%
Eni Spa 0.09%
Canadian Natural Resources Ltd 0.08%
Glencore Plc 0.08%
Engie Sa 0.07%
Oneok Inc 0.07%
Lyondellbasell Industries Nv 0.06%
Repsol Sa 0.06%
Woodside Petroleum Ltd 0.06%
Anglo American Plc 0.06%
Pioneer Natural Resources Co 0.05%
Pembina Pipeline Corp 0.05%
Hess Corp 0.04%
Jxtg Holdings Inc 0.04%
Equinor Asa 0.04%
Diamondback Energy Inc 0.04%
Concho Resources Inc 0.03%
Cheniere Energy Inc 0.03%
Noble Energy Inc 0.03%
Snam Spa 0.03%
Origin Energy Ltd 0.03%
Apache Corp 0.03%
Apa Group 0.03%
Cenovus Energy Inc 0.03%
Marubeni Corp 0.02%
Inpex Corp 0.02%
Hollyfrontier Corp 0.02%
Santos Ltd 0.02%
Devon Energy Corp 0.02%
Targa Resources Corp 0.02%
Galp Energia Sgps Sa 0.02%
Inter Pipeline Ltd 0.02%
Marathon Oil Corp 0.02%
Omv Ag 0.02%
South32 Ltd - London Se 0.02%
Oil Search Ltd 0.02%
Encana Corp 0.02%
Cabot Oil & Gas Corp 0.02%
Parsley Energy Inc 0.02%
Lundin Petroleum Ab 0.01%
Enagas Sa 0.01%
Imperial Oil Ltd 0.01%
Caltex Australia Ltd 0.01%
Idemitsu Kosan Co Ltd 0.01%
Cimarex Energy Co 0.01%
Keyera Corp 0.01%
Koninklijke Vopak Nv 0.01%
Plains Gp Holdings Lp 0.01%
Suez 0.01%

Weapons

Transdigm Group Inc 0.06%
Mitsubishi Heavy Industries Lt 0.03%
Heico Corp-Class A 0.02%
Singapore Technologies Enginee 0.02%
Meggitt Plc 0.02%
Heico Corp 0.01%
Dassault Aviation Sa 0.01%
G4S Plc 0.01%

Tobacco

Canopy Growth Corp 0.01%

Gambling

Las Vegas Sands Corp 0.06%
Galaxy Entertainment Group Ltd 0.04%
Mgm Resorts International 0.03%
Sands China Ltd 0.03%
Aristocrat Leisure Ltd 0.03%
Wynn Resorts Ltd 0.02%
Tabcorp Holdings Ltd 0.02%
Gvc Holdings Plc 0.01%
Melco Resorts & Entertainment 0.01%
Genting Singapore Ltd 0.01%

Alcohol

Lvmh Moet Hennessy Louis Vuitt 0.27%
Diageo Plc 0.24%
Anheuser-Busch Inbev Sa/Nv 0.18%
Pernod Ricard Sa 0.09%
Constellation Brands Inc 0.09%
Heineken Nv 0.07%
Kirin Holdings Co Ltd 0.05%
Asahi Group Holdings Ltd 0.05%
Carlsberg A/S 0.04%
Brown-Forman Corp 0.04%
Heineken Holding Nv 0.03%
Treasury Wine Estates Ltd 0.03%
Molson Coors Brewing Co 0.02%
Davide Campari-Milano Spa 0.01%
Remy Cointreau Sa 0.01%
Dufry Ag 0.01%

Palm Oil

Wilmar International Ltd 0.02%

GMOs

Novartis Ag 0.48%
Basf Se 0.17%
Bayer Ag 0.16%
Dupont De Nemours Inc 0.13%
Nutrien Ltd 0.08%
Stora Enso Oyj 0.02%
Novozymes A/S 0.02%

Human Rights & Environmental Violations

Johnson & Johnson 0.83%
Nestle Sa 0.83%
Chevron Corp 0.56%
Royal Dutch Shell Plc-A Shs 0.32%
Royal Dutch Shell Plc-B Shs 0.27%
BHP Group Ltd 0.18%
Duke Energy Corp 0.17%
BHP Group Plc 0.12%
Sempra Energy 0.10%
Glencore Plc 0.08%
Nutrien Ltd 0.08%
Barrick Gold Corp - Tse 0.06%
Archer-Daniels-Midland Co 0.05%
Freeport-Mcmoran Inc 0.03%
Barrick Gold Corp - London Se 0.03%
Tokyo Electric Power Co Holdin 0.02%
Wilmar International Ltd 0.02%

Animal Testing

Johnson & Johnson 0.830%
Nestle Sa 0.830%
Procter & Gamble Co/The 0.780%
Chevron Corp 0.560%
Coca-Cola Co/The 0.550%
Pepsico Inc 0.480%
Royal Dutch Shell Plc-A Shs 0.320%
Royal Dutch Shell Plc-B Shs 0.270%
Lvmh Moet Hennessy Louis Vuitt 0.270%
Glaxosmithkline Plc 0.260%
Unilever Nv 0.230%
L'Oreal Sa 0.170%
Basf Se 0.170%
Unilever Plc 0.160%
Bayer Ag 0.160%
Air Liquide Sa 0.150%
Colgate-Palmolive Co 0.150%
Reckitt Benckiser Group Plc 0.140%
Ecolab Inc 0.130%
Danone Sa 0.130%
Air Products & Chemicals Inc 0.120%
Kimberly-Clark Corp 0.120%
Estee Lauder Cos Inc/The 0.110%
Walgreens Boots Alliance Inc 0.100%
Shiseido Co Ltd 0.080%
General Mills Inc 0.080%
Tesco Plc 0.070%
Ppg Industries Inc 0.070%
Givaudan Sa 0.060%
Koninklijke Dsm Nv 0.050%
Akzo Nobel Nv 0.050%
Archer-Daniels-Midland Co 0.050%
Henkel Ag & Co Kgaa Vorzug 0.050%
Clorox Co/The 0.050%
Kraft Heinz Co/The 0.040%
Church & Dwight Co Inc 0.040%
Symrise Ag 0.030%
Associated British Foods Plc 0.030%
Beiersdorf Ag 0.030%
Chr Hansen Holding A/S 0.030%
Albemarle Corp 0.020%
Fmc Corp 0.020%
Burberry Group Plc 0.020%
International Flavors & Fragra - Nyse 0.020%
Solvay Sa 0.020%
Newell Brands Inc 0.020%
Johnson Matthey Plc 0.020%
Croda International Plc 0.020%
Henkel Ag & Co Kgaa 0.020%
Sumitomo Chemical Co Ltd 0.020%
Novozymes A/S 0.020%
Arkema Sa 0.020%
Coca-Cola European Partners Pl - Ams 0.020%
Cabot Oil & Gas Corp 0.020%
Lanxess Ag 0.020%
Kose Corp 0.010%
Kikkoman Corp 0.010%
Coca-Cola Hbc Ag 0.010%
Coca-Cola European Partners Pl - Nyse 0.010%
Jeronimo Martins Sgps Sa 0.010%
Mitsui Chemicals Inc 0.010%
J Sainsbury Plc 0.010%
L Brands Inc 0.010%
Evonik Industries Ag 0.010%

Download the fund's disclosure statement and portfolio holdings.

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