AMP Wealth Management New Zealand Limited
AMP Conservative Fund (Lifesteps)
AMP KiwiSaver SchemeConservative
What the provider says about this fund
The fund has a well-diversified portfolio that primarily invests in lower-risk income assets with a conservative allocation to growth assets. The fund aims to achieve modest to medium returns, in exchange there may be small movements up and down in the value of your investments.
1-year return
4.55%
5-year return p.a.
2.28%
Total annual fee
0.84%
Fund size ($m)
275.2
Members
5,154
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
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7
Lower riskHigher risk
Investment mix
Growth assets
21.27%
Income assets
78.73%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 4.73% | 4.00% | 5.79% |
| Cash and equivalents | 17.27% | 16.50% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 24.92% | 25.00% | 27.47% |
| International shares | 13.69% | 13.00% | 14.45% |
| Listed property | 0.00% | 0.00% | 1.47% |
| New Zealand bonds | 36.54% | 36.50% | 29.28% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.49% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | New Zealand Government Inflation Linked Bond - maturing 20 Sep 2035 | Bonds | New Zealand Fixed Interest | NZ | 2.31% |
| 2 | New Zealand Government Bond - maturing 20 Apr 2029 | Bonds | New Zealand Fixed Interest | NZ | 2.23% |
| 3 | New Zealand Government Bond - maturing 15 May 2030 | Bonds | New Zealand Fixed Interest | NZ | 1.96% |
| 4 | New Zealand Government Bond - maturing 15 Apr 2027 | Bonds | New Zealand Fixed Interest | NZ | 1.88% |
| 5 | New Zealand Government Bond - maturing 15 May 2031 | Bonds | New Zealand Fixed Interest | NZ | 1.67% |
| 6 | New Zealand Government Inflation Linked Bond - maturing 20 Sep 2040 | Bonds | New Zealand Fixed Interest | NZ | 1.53% |
| 7 | New Zealand Government Bond - maturing 15 May 2034 | Bonds | New Zealand Fixed Interest | NZ | 1.53% |
| 8 | New Zealand Government Inflation Linked Bond - maturing 20 Sep 2030 | Bonds | New Zealand Fixed Interest | NZ | 1.52% |
| 9 | New Zealand Government Bond - maturing 15 May 2036 | Bonds | New Zealand Fixed Interest | NZ | 1.48% |
| 10 | New Zealand Government Bond - maturing 15 May 2028 | Bonds | New Zealand Fixed Interest | NZ | 1.45% |
Fees
0.84% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.69% | $207 | 0.70% |
| Other fees | 0.07% | $21 | 0.11% |
| Membership fees | 0.08% | $23 | 0.05% |
| Total combined fees | 0.84% | $251 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 3.57% | 3.59% |
| 31 March 2018 | 2.83% | 3.30% |
| 31 March 2019 | 4.54% | 4.43% |
| 31 March 2020 | -0.25% | 1.24% |
| 31 March 2021 | 7.47% | 8.66% |
| 31 March 2022 | -1.47% | -0.64% |
| 31 March 2023 | -2.29% | -1.65% |
| 31 March 2024 | 6.70% | 6.61% |
| 31 March 2025 | 4.23% | 3.59% |
| 31 March 2026 | 4.55% | 3.96% |
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 |