AMP Wealth Management New Zealand Limited
AMP Moderate Fund (Lifesteps)
AMP KiwiSaver SchemeBalanced
What the provider says about this fund
The fund has a well-diversified portfolio that primarily invests in lower-risk income assets with a moderate 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
6.69%
5-year return p.a.
3.11%
Total annual fee
0.84%
Fund size ($m)
610.8
Members
8,842
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
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7
Lower riskHigher risk
Investment mix
Growth assets
38.96%
Income assets
61.04%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 10.82% | 10.00% | 13.93% |
| Cash and equivalents | 11.83% | 11.25% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 18.97% | 19.00% | 19.39% |
| International shares | 23.12% | 23.25% | 35.53% |
| Listed property | 0.00% | 0.00% | 2.24% |
| New Zealand bonds | 30.24% | 30.00% | 18.91% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
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 | 2.30% |
| 2 | New Zealand Government Bond - maturing 20 Apr 2029 | Bonds | New Zealand Fixed Interest | NZ | 1.89% |
| 3 | New Zealand Government Bond - maturing 15 May 2030 | Bonds | New Zealand Fixed Interest | NZ | 1.66% |
| 4 | New Zealand Government Bond - maturing 15 Apr 2027 | Bonds | New Zealand Fixed Interest | NZ | 1.60% |
| 5 | New Zealand Government Inflation Linked Bond - maturing 20 Sep 2040 | Bonds | New Zealand Fixed Interest | NZ | 1.53% |
| 6 | New Zealand Government Inflation Linked Bond - maturing 20 Sep 2030 | Bonds | New Zealand Fixed Interest | NZ | 1.51% |
| 7 | Fisher & Paykel Healthcare Corporation Limited | Shares | Australasian Equities | NZ | 1.49% |
| 8 | New Zealand Government Bond - maturing 15 May 2031 | Bonds | New Zealand Fixed Interest | NZ | 1.42% |
| 9 | New Zealand Government Bond - maturing 15 May 2034 | Bonds | New Zealand Fixed Interest | NZ | 1.30% |
| 10 | New Zealand Government Bond - maturing 15 May 2036 | Bonds | New Zealand Fixed Interest | NZ | 1.26% |
Fees
0.84% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.69% | $207 | 0.77% |
| Other fees | 0.07% | $21 | 0.09% |
| Membership fees | 0.08% | $23 | 0.05% |
| Total combined fees | 0.84% | $251 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 5.16% | 6.00% |
| 31 March 2018 | 3.71% | 5.23% |
| 31 March 2019 | 5.12% | 5.82% |
| 31 March 2020 | -1.37% | -1.40% |
| 31 March 2021 | 11.44% | 18.18% |
| 31 March 2022 | -0.93% | 0.77% |
| 31 March 2023 | -2.75% | -2.77% |
| 31 March 2024 | 8.54% | 10.89% |
| 31 March 2025 | 4.49% | 4.36% |
| 31 March 2026 | 6.69% | 6.36% |
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 |