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AMP KiwiSaver Scheme

AMP Default Fund (Default)

AMP Wealth Management New Zealand Limited

Default fund

Conservative fund type

Here's what the provider says about this fund:

The fund has a diversified portfolio that has a conservative allocation to growth assets but is primarily invested in lower risk income assets with a growth asset allocation limited to between 15% and 25%. The fund aims to preserve the value of your investment and achieve modest returns, in exchange there may be small movements up and down in the value of your investments.

Considering switching to this fund? Read the must-knows of switching funds before you start the switching process.

Combined fees

This fund
0.60%
vs
Average
1.03%

The combined fees are how much you would have been charged for the year ended 30 June 2017 on the average KiwiSaver balance.

All the averages you see are for this same type of fund, so you’re comparing apples with apples.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$23.40
Average
$28.09

Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.

+ Total fund fees

This fund
0.42%
Average
0.81%
Annual management fee
0.35%
0.70%
Performance-based fees
0.00%
0.00%
Other fees and costs
0.07%
0.13%

Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.

Must-knows of KiwiSaver fees.

Combined fees example

On a conservative fund of $12,700 the annual fees would be approximately:

This fund
$76.74
Average
$130.81

Services

From the June 2017 KiwiSaver provider survey

This fund
80%
vs
Average
81%

We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.

So this rating is more about the quantity than the quality of services. 

Show survey categories

Compare services

Help with investment options

This fund
85%
Average
81%

Communications to members

73%
82%

Other services

80%
79%

Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver. 

More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.

These extras include a range of additional services that are helpful.

Must-knows of KiwiSaver service

Returns

Since April 2012

This fund
4.27%
vs
Average
5.00%

Warning about returns!

These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.

Show yearly returns

Compare past returns

All returns shown are after total fund fees (not membership fees) and tax (28% PIR).

Last twelve months

This fund
4.28%
Average
3.31%

April 2016 - March 2017

4.21%
3.50%

April 2015 - March 2016

2.35%
3.08%

April 2014 - March 2015

6.73%
5.79%

April 2013 - March 2014

3.93%
2.48%

April 2012 - March 2013

4.61%
4.03%

April 2011 - March 2012

1.90%
1.98%

April 2010 - March 2011

3.44%
2.44%

April 2009 - March 2010

5.54%
5.34%

April 2008 - March 2009

0.32%
-1.31%

The last twelve months refers to July 2016 to June 2017.

In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.

Must-knows of KiwiSaver returns.

More fund details

Conservative fund type

Which is the right type for me?

What’s in this fund

At 30 June 2017

This shows the actual mix of investments that this fund held on 30 June 2017. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.

How this fund invests your money

How this fund invests your money
Cash Bonds Property Shares Other
Assets 52.15 28.87 0 18.98 0

Fund information

Number of members
113,542
Total value of fund
$1,327,047,360
Date fund started
01 Oct 2007

More information

More information can be found at:

www.amp.co.nz

Top 10 investments

These assets make up 38.82% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents NZ 16.33 Call Account (Westpac Banking Corporation Advance Acct)
Cash and cash equivalents NZ 6.73 Call Account (Anz 32 Day Constant Maturity Date)
Cash and cash equivalents NZ 4.13 Call Account (Rabobank Advance Account Nzd)
Cash and cash equivalents NZ 2.28 Asb Bank Ltd Note Maturing 22 Dec 17
New Zealand fixed interest NZ 2.2 Asb Bank Ltd Note Maturing 01 Sep 17
New Zealand fixed interest NZ 1.93 New Zealand Government Bond Maturing 15 Apr 23
New Zealand fixed interest NZ 1.5 New Zealand Government Bond Maturing 15 Apr 27
International equities AU 1.25 Orbis Global Equity Le Fund
New Zealand fixed interest NZ 1.25 Bank Of New Zealand Bond Maturing 26 Apr 18
New Zealand fixed interest NZ 1.22 New Zealand Government Bond Maturing 15 May 21

Key personnel

Key personnel
Name Current position Time in role
Elaine Jennifer Campbell Investment Committee Member 1 years, 11 months
Simon John Hoole Investment Committee Member 0 years, 5 months
Therese Mary Singleton Investment Committee Member 2 years, 5 months
Blair Robert Vernon Investment Committee Member 6 years, 0 months