AMP Wealth Management New Zealand Limited
AMP Global Fixed Interest Fund
AMP KiwiSaver SchemeDefensive
What the provider says about this fund
This is a single sector fund with a diversified portfolio of international fixed interest securities. The fund aims to primarily preserve the value of your investment with some capital growth by investing in fixed interest securities issues in bond markets around the world (which may include NZ bond markets).
1-year return
0.69%
5-year return p.a.
0.54%
Total annual fee
0.84%
Fund size ($m)
1.5
Members
74
Inception date
28 July 2016
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 | 0.54% | 0.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 99.18% | 100.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 0.28% | 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 | BNP USD Account | Cash | Cash and Cash Equivalents | US | 1.77% |
| 2 | Agricultural Development Bank Of China - maturing 17 Apr 2030 | Bonds | International Fixed Interest | CN | 0.78% |
| 3 | Agricultural Development Bank Of China - maturing 20 Oct 2033 | Bonds | International Fixed Interest | CN | 0.77% |
| 4 | Agricultural Development Bank Of China - maturing 09 Apr 2029 | Bonds | International Fixed Interest | CN | 0.75% |
| 5 | United States Government Bond - maturing 31 May 2027 | Bonds | International Fixed Interest | US | 0.60% |
| 6 | China Government Bond - maturing 21 May 2030 | Bonds | International Fixed Interest | CN | 0.54% |
| 7 | China Government Bond - maturing 25 May 2033 | Bonds | International Fixed Interest | CN | 0.46% |
| 8 | United States Government Bond - maturing 15 Sep 2027 | Bonds | International Fixed Interest | US | 0.44% |
| 9 | United States Government Bond - maturing 31 Dec 2027 | Bonds | International Fixed Interest | US | 0.44% |
| 10 | United States Government Bond - maturing 30 Apr 2027 | Bonds | International Fixed Interest | US | 0.42% |
Fees
0.84% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.70% | $210 | 0.46% |
| Other fees | 0.06% | $18 | 0.06% |
| Membership fees | 0.08% | $23 | 0.05% |
| Total combined fees | 0.84% | $251 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2018 | 0.61% | 2.07% |
| 31 March 2019 | 2.40% | 2.39% |
| 31 March 2020 | 3.50% | 1.67% |
| 31 March 2021 | 0.54% | 1.64% |
| 31 March 2022 | -3.49% | -1.81% |
| 31 March 2023 | -4.12% | -0.19% |
| 31 March 2024 | 2.17% | 3.49% |
| 31 March 2025 | 2.23% | 3.79% |
| 31 March 2026 | 0.69% | 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 |