AMP Wealth Management New Zealand Limited
AMP Growth Fund
AMP KiwiSaver SchemeGrowth
What the provider says about this fund
The fund has a well-diversified portfolio that aims to provide growth, primarily through holding growth assets diversified with a lower allocation to lower-risk income assets. The fund aims to achieve medium to high returns, in exchange there will be larger movements up and down in the value of your investments.
1-year return
11.31%
5-year return p.a.
5.90%
Total annual fee
0.85%
Fund size ($m)
1348.5
Members
30,725
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
77.47%
Income assets
22.53%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 20.40% | 19.00% | 20.20% |
| Cash and equivalents | 2.26% | 2.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 10.03% | 10.00% | 8.75% |
| International shares | 51.39% | 51.50% | 51.02% |
| Listed property | 0.00% | 0.00% | 3.65% |
| New Zealand bonds | 10.24% | 10.00% | 7.35% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.70% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 2.83% |
| 2 | NVIDIA Corp | Shares | International Equities | US | 2.29% |
| 3 | Apple Inc | Shares | International Equities | US | 2.02% |
| 4 | Auckland International Airport Limited | Shares | Australasian Equities | NZ | 1.79% |
| 5 | New Zealand Government Inflation Linked Bond - maturing 20 Sep 2035 | Bonds | New Zealand Fixed Interest | NZ | 1.55% |
| 6 | Infratil Limited | Shares | Australasian Equities | NZ | 1.50% |
| 7 | Microsoft Corp | Shares | International Equities | US | 1.38% |
| 8 | Taiwan Semiconductor Manufacturing Company Ltd | Shares | International Equities | TW | 1.37% |
| 9 | Contact Energy Limited | Shares | Australasian Equities | NZ | 1.17% |
| 10 | Amazon.Com Inc | Shares | International Equities | US | 1.12% |
Fees
0.85% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 0.69% | $207 | 0.92% |
| Other fees | 0.08% | $24 | 0.10% |
| Membership fees | 0.08% | $23 | 0.05% |
| Total combined fees | 0.85% | $254 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 9.94% | 8.61% |
| 31 March 2018 | 6.29% | 7.38% |
| 31 March 2019 | 7.21% | 7.03% |
| 31 March 2020 | -5.59% | -3.37% |
| 31 March 2021 | 25.65% | 28.64% |
| 31 March 2022 | 1.39% | 2.17% |
| 31 March 2023 | -4.24% | -3.69% |
| 31 March 2024 | 16.22% | 14.25% |
| 31 March 2025 | 6.03% | 3.98% |
| 31 March 2026 | 11.31% | 7.60% |
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 |