AMP Wealth Management New Zealand Limited
AMP NZ Fixed Interest Fund
AMP KiwiSaver SchemeDefensive
What the provider says about this fund
This is a single sector fund that aims to primarily preserve the value of your investment with some capital growth by mainly investing in NZ Government bonds.
1-year return
2.22%
5-year return p.a.
0.19%
Total annual fee
0.86%
Fund size ($m)
3.0
Members
120
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 | 0.93% | 0.00% | 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 | 99.07% | 100.00% | 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 | New Zealand Government Bond - maturing 20 Apr 2029 | Bonds | New Zealand Fixed Interest | NZ | 11.43% |
| 2 | New Zealand Government Bond - maturing 15 May 2030 | Bonds | New Zealand Fixed Interest | NZ | 10.06% |
| 3 | New Zealand Government Bond - maturing 15 Apr 2027 | Bonds | New Zealand Fixed Interest | NZ | 9.65% |
| 4 | New Zealand Government Bond - maturing 15 May 2031 | Bonds | New Zealand Fixed Interest | NZ | 8.59% |
| 5 | New Zealand Government Bond - maturing 15 May 2034 | Bonds | New Zealand Fixed Interest | NZ | 7.85% |
| 6 | New Zealand Government Bond - maturing 15 May 2036 | Bonds | New Zealand Fixed Interest | NZ | 7.60% |
| 7 | New Zealand Government Bond - maturing 15 May 2028 | Bonds | New Zealand Fixed Interest | NZ | 7.47% |
| 8 | New Zealand Government Bond - maturing 14 Apr 2033 | Bonds | New Zealand Fixed Interest | NZ | 7.40% |
| 9 | New Zealand Government Bond - maturing 15 May 2035 | Bonds | New Zealand Fixed Interest | NZ | 7.04% |
| 10 | New Zealand Government Bond - maturing 15 May 2032 | Bonds | New Zealand Fixed Interest | NZ | 6.73% |
Fees
0.86% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.73% | $219 | 0.46% |
| Other fees | 0.05% | $15 | 0.06% |
| Membership fees | 0.08% | $23 | 0.05% |
| Total combined fees | 0.86% | $257 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2018 | 2.86% | 2.07% |
| 31 March 2019 | 4.36% | 2.39% |
| 31 March 2020 | 2.83% | 1.67% |
| 31 March 2021 | -0.42% | 1.64% |
| 31 March 2022 | -5.74% | -1.81% |
| 31 March 2023 | -2.20% | -0.19% |
| 31 March 2024 | 1.60% | 3.49% |
| 31 March 2025 | 3.48% | 3.79% |
| 31 March 2026 | 2.22% | 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 |