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AMP KiwiSaver Scheme

Fisher Balanced Fund

AMP Wealth Management New Zealand Limited

Balanced fund type

Here's what the provider says about this fund:

The fund has a well-diversified portfolio that has a higher allocation to growth assets and a lower allocation to income assets. The fund aims to achieve returns in between those of stable, income producing assets and higher growth but more volatile assets.

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

Combined fees

This fund
1.46%
vs
Average
1.29%

The combined fees are how much you would have been charged for the year ended 31 March 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
$30.35

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
1.28%
Average
1.05%
Annual management fee
1.03%
0.88%
Performance-based fees
0.00%
0.00%
Other fees and costs
0.25%
0.18%

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 balanced fund of $12,800 the annual fees would be approximately:

This fund
$187.24
Average
$166.40

Services

From the March 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
80%

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
7.38%
vs
Average
7.72%

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
6.35%
Average
5.16%

April 2015 - March 2016

4.84%
3.10%

April 2014 - March 2015

9.40%
7.46%

April 2013 - March 2014

7.34%
3.86%

April 2012 - March 2013

9.03%
5.61%

April 2011 - March 2012

0.50%
0.68%

April 2010 - March 2011

4.67%
3.01%

April 2009 - March 2010

15.69%
8.89%

April 2008 - March 2009

-9.83%
-5.60%

The last twelve months refers to April 2016 to March 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

Balanced fund type

Which is the right type for me?

What’s in this fund

At 31 March 2017

This shows the actual mix of investments that this fund held on 31 March 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 18.15 25.85 12.2 43.8 0

Fund information

Number of members
1,486
Total value of fund
$34,415,463
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 100% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
NZ 100 Fisher Institutional Balanced Fund

Key personnel

Key personnel
Name Current position Time in role
Elaine Jennifer Campbell Investment Committee Member 1 years, 8 months
Simon John Hoole Investment Committee Member 0 years, 2 months
Therese Mary Singleton Investment Committee Member 2 years, 2 months
Blair Robert Vernon Investment Committee Member 5 years, 9 months