AMP Wealth Management New Zealand Limited
Global Select Conservative Fund
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
4.88%
5-year return p.a.
1.95%
Total annual fee
1.08%
Fund size ($m)
18.8
Members
507
Inception date
28 July 2016
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
Investment mix
Growth assets
25.50%
Income assets
74.50%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 3.00% | 3.00% | 5.79% |
| Cash and equivalents | 17.00% | 16.50% | 20.22% |
| Commodities | 3.20% | 3.00% | 0.07% |
| International bonds | 19.90% | 20.00% | 27.47% |
| International shares | 10.10% | 10.50% | 14.45% |
| Listed property | 0.00% | 1.00% | 1.47% |
| New Zealand bonds | 37.60% | 37.50% | 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 | Cash & Equivalents - NZD | Cash | Cash and Cash Equivalents | NZ | 3.73% |
| 2 | IShares Physical Gold ETC | Other | Other | IE | 3.18% |
| 3 | New Zealand Government Bond - maturing 20 Apr 2029 | Bonds | New Zealand Fixed Interest | NZ | 2.73% |
| 4 | Cash & Equivalents - AUD | Cash | Cash and Cash Equivalents | AU | 2.57% |
| 5 | New Zealand Government Bond - maturing 20 Sep 2035 | Bonds | New Zealand Fixed Interest | NZ | 2.50% |
| 6 | New Zealand Government Bond - maturing 15 May 2030 | Bonds | New Zealand Fixed Interest | NZ | 2.41% |
| 7 | New Zealand Government Bond - maturing 15 Apr 2027 | Bonds | New Zealand Fixed Interest | NZ | 2.31% |
| 8 | New Zealand Government Bond - maturing 15 May 2031 | Bonds | New Zealand Fixed Interest | NZ | 2.06% |
| 9 | New Zealand Government Bond - maturing 14 Apr 2033 | Bonds | New Zealand Fixed Interest | NZ | 2.00% |
| 10 | New Zealand Government Bond - maturing 15 May 2035 | Bonds | New Zealand Fixed Interest | NZ | 1.91% |
Fees
1.08% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.96% | $288 | 0.70% |
| Other fees | 0.04% | $12 | 0.11% |
| Membership fees | 0.08% | $23 | 0.05% |
| Total combined fees | 1.08% | $323 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2018 | 2.75% | 3.30% |
| 31 March 2019 | 3.91% | 4.43% |
| 31 March 2020 | 1.97% | 1.24% |
| 31 March 2021 | 7.09% | 8.66% |
| 31 March 2022 | -0.55% | -0.64% |
| 31 March 2023 | -3.03% | -1.65% |
| 31 March 2024 | 4.77% | 6.61% |
| 31 March 2025 | 3.93% | 3.59% |
| 31 March 2026 | 4.88% | 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 |