AMP Balanced Fund No.2

This fund charges 0.79 percent in total annual fees and holds $36.1 million in assets, making it one of the smaller balanced options on the market. The allocation runs 57 percent growth assets and 43 percent income, with international shares taking the largest slice at 36.6 percent, followed by roughly equal parcels of New Zealand and international bonds at 19 percent each, and Australasian shares at 15.6 percent.

The bond portfolio leans heavily on New Zealand government securities, with inflation-linked bonds maturing in 2035, 2040 and 2030 sitting among the top ten holdings. On the equity side, Fisher & Paykel Healthcare leads the domestic names at 2.17 percent, followed by Infratil and Auckland Airport, while the international allocation includes NVIDIA at 1.64 percent and Apple at 1.53 percent. The fund returned 10.6 percent over one year, 12.4 percent annualised over three years, and 6.3 percent annualised over five years.

At risk level 4, this is a moderate balanced fund built around a mix of global equities and government bonds, with a noticeable tilt toward inflation protection in the fixed income sleeve.

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