AMP KIWISAVER SCHEME
AMP RESPONSIBLE INVESTMENT BALANCED FUND
AMP Wealth Management New Zealand Limited
Balanced fund type
Here's what the provider says about this fund:
The fund combines financial analysis with a sustainability focus. Asset allocations are actively managed in line with changing investment environments and conditions, with a responsible investment overlay. The fund aims to provide real returns of around 5% per annum over the medium to long term using diversification across asset types and a mix of income and growth assets. The underlying fund has been certified by the Responsible Investment Association of Australasia (RIAA).
The combined fees are how much you would have been charged for the year ended 31 March 2020 on the average KiwiSaver balance.
All the averages you see are for this same type of fund, so you’re comparing apples with apples.
Combined fees include
Membership fees per year
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
Annual management fee
Other fees and costs
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.
Combined fees example
On a balanced fund of $17,300 the annual fees would be approximately:
From the September 2019 KiwiSaver provider survey
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.
Help with investment options
Communications to members
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.
Since April 2015
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.
Compare past returns
Last twelve months
April 2019 - March 2020
April 2018 - March 2019
April 2017 - March 2018
The last twelve months refers to April 2019 to March 2020.
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.
More fund details
What’s in this fund
At 31 March 2020
This shows the actual mix of investments that this fund held on 31 March 2020. 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
- Number of members
- Total value of fund
- Date fund started
- 28 Jul 2016
More information can be found at:
Top 10 investments
These assets make up 13.83% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|Australasian equities||AU||2.61||Ausbil Esg Focus Fund|
|New Zealand fixed interest||NZ||1.56||Anz Bank New Zealand Ltd Bond Maturing 21 Apr 20|
|International equities||AU||1.41||Colonial First State Wholesale Em Fund|
|New Zealand fixed interest||NZ||1.38||New Zealand Government Bond Maturing 15 Apr 27|
|Australasian equities||NZ||1.36||A2 Milk Co Ltd|
|New Zealand fixed interest||NZ||1.29||Westpac New Zealand Ltd Bond Maturing 21 Apr 20|
|Australasian equities||NZ||1.11||Fisher & Paykel Healthcare Corp|
|New Zealand fixed interest||NZ||1.07||New Zealand Government Bond Maturing 20 Apr 29|
|Cash and cash equivalents||NZ||1.05||Call Account (Westpac Banking Corporation Advance Acct)|
|New Zealand fixed interest||NZ||0.99||Westpac New Zealand Ltd Bond Maturing 19 May 20|
|Name||Current position||Time in role|
|Timothy Pritchard||Investment Committee Member||1 years, 0 months|
|Jeffery Darren Ruscoe||Investment Committee Member||1 years, 0 months|
|Blair Robert Vernon||Investment Committee Member||8 years, 9 months|