AMP Moderate Balanced

Government bonds dominate this billion-dollar fund, with nine of its ten largest holdings locked into New Zealand sovereign debt stretching out to 2040. AMP Moderate Balanced splits 46 percent into growth assets and 54 percent into defensive positions, tilting conservative within the balanced category. The fund holds over a billion dollars in assets, placing 20th within its peer group over the past year with a 9.5 percent return.

The bond anchor is unusually concentrated. Nearly a third of the portfolio sits in New Zealand government debt alone, supplemented by another 19 percent in international bonds and 12 percent in cash. That leaves just 11 percent in Australasian shares and 23 percent offshore. Fisher & Paykel Healthcare is the only equity in the top ten, squeezed between inflation-linked bonds maturing in 2030 and 2040. The allocation reflects a defensive tilt, with growth exposure kept tight.

Total fees run to 0.79 percent annually, including a 0.69 percent management charge, 0.07 percent in other costs, and 0.08 percent in performance fees. Over three and five years, the fund has ranked 22nd and 21st respectively in the balanced category, with longer-term returns of 10.9 percent and 4.9 percent. The structure leans toward stability over aggression, built around sovereign debt rather than equity concentration.

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