AMP Wealth Management New Zealand Limited
AMP Cash Fund
AMP KiwiSaver SchemeDefensive
What the provider says about this fund
This is a single sector fund which primarily invests in cash and short-term deposits. The fund aims to achieve modest, stable returns with a very low level of investment risk, in exchange there should be no significant short-term movements up and down in the value of your investments.
1-year return
1.84%
5-year return p.a.
2.17%
Total annual fee
0.65%
Fund size ($m)
114.4
Members
2,891
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Cash and equivalents | 100.00% | 100.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 0.00% | 0.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 0.00% | 0.00% | 28.46% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | ASB Bank Ltd - maturing 09 Jun 2026 | Cash | Cash and Cash Equivalents | NZ | 6.05% |
| 2 | Bank of New Zealand - maturing 20 Apr 2026 | Cash | Cash and Cash Equivalents | NZ | 4.97% |
| 3 | Bank of New Zealand - maturing 05 May 2026 | Cash | Cash and Cash Equivalents | NZ | 4.97% |
| 4 | Bank of New Zealand - maturing 05 Jun 2026 | Cash | Cash and Cash Equivalents | NZ | 4.96% |
| 5 | ASB Bank Ltd - maturing 29 Jun 2026 | Cash | Cash and Cash Equivalents | NZ | 4.95% |
| 6 | Westpac New Zealand Ltd - maturing 04 May 2026 | Cash | Cash and Cash Equivalents | NZ | 4.41% |
| 7 | ASB Bank Ltd - maturing 19 May 2026 | Cash | Cash and Cash Equivalents | NZ | 4.41% |
| 8 | Westpac New Zealand Ltd - maturing 10 Jun 2026 | Cash | Cash and Cash Equivalents | NZ | 4.40% |
| 9 | Rabobank New Zealand - maturing 22 Jun 2026 | Cash | Cash and Cash Equivalents | NZ | 4.40% |
| 10 | Bank of New Zealand Call Account | Cash | Cash and Cash Equivalents | NZ | 4.13% |
Fees
0.65% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.51% | $153 | 0.46% |
| Other fees | 0.06% | $18 | 0.06% |
| Membership fees | 0.08% | $23 | 0.05% |
| Total combined fees | 0.65% | $194 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 1.25% | 1.52% |
| 31 March 2018 | 1.10% | 2.07% |
| 31 March 2019 | 1.15% | 2.39% |
| 31 March 2020 | 0.95% | 1.67% |
| 31 March 2021 | 0.03% | 1.64% |
| 31 March 2022 | 0.03% | -1.81% |
| 31 March 2023 | 1.95% | -0.19% |
| 31 March 2024 | 3.68% | 3.49% |
| 31 March 2025 | 3.38% | 3.79% |
| 31 March 2026 | 1.84% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Craig Stobo | Investment Committee, Independent Member | 2 years, 5 months |
| Jeff Ruscoe | Investment Committee, Member(Chairman) | 7 years |
| Mark Ennis | Investment Committee, Member | 5 years, 8 months |
| Matthew Arnold* | Investment Committee, Member | 1 month |