AMP Balanced

AMP's balanced offering holds $1.43 billion and charges a total annual fee of 0.79 percent, sitting in the middle of the pack on cost. The fund split 56 percent to growth assets and 44 percent to income, with international shares taking the largest slice at 37 percent, followed by New Zealand government bonds at 20 percent.

The bond portfolio leans heavily on inflation-indexed government debt, with three inflation-linked issues among the top ten holdings. That tilt provides a direct hedge against rising prices, a structural bet that distinguishes this fund from peers relying on nominal bonds. On the growth side, Fisher & Paykel Healthcare leads the Australasian allocation at 2 percent, while NVIDIA and Apple anchor the international equity exposure. Auckland Airport also features prominently, giving the fund meaningful exposure to New Zealand infrastructure.

Performance has been middling. The fund ranked 7th over one year with a 10.6 percent return, slipping to 9th over both three and five years. The longer-term five-year figure of 6 percent annually trails the one and three-year numbers, reflecting choppier conditions in earlier periods. At 0.69 percent for management and 0.08 percent for other costs, the fee structure includes a performance component of 0.08 percent.

General information only, not financial advice. Past performance is not a reliable indicator of future results.