1

Mix help ?

59.80% Growth assets (shares, property, other)
40.20% Income assets (bonds, cash)
52.84% Growth assets average Average 47.16% Income assets average

This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 31 December 2024. The average mix for balanced KiwiSaver funds is in grey.

Mix

Fees help ?

1.43%
Average 1.01%

Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. Compare with the average fees for balanced KiwiSaver funds (in grey).

Fees

Returns help ?

4.13%
Average 4.35%

Returns (in green) show how much this fund has grown in value in five years up to 31 December 2024 – after fees and taxes. Compare with the average balanced KiwiSaver fund (in grey).

Returns

Key facts

Here is what the provider says about this managed fund

The fund invests in a wide range of assets which may be suitable for long-term investors who want a diversified investment with exposure to shares, real assets, alternative assets, fixed interest and cash. The fund aims to achieve enhanced longer term returns from the 60% benchmark allocation to growth assets.

Provider website

amp.co.nz

Fund start date

01 October 2007

When can you get your money out?

This is a KiwiSaver fund, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.

Mix

59.80% Growth assets (shares, property, other)
40.20% Income assets (bonds, cash)
52.84% Growth assets average Average of all balanced KiwiSaver funds 47.16% Income assets average


This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held on 31 December 2024.

You can also see the average for Balanced funds, which typically hold from 35% to 63% of growth assets.

This fund's asset mix

  • Growth assets
  • Income assets
  • ASSET TYPE
  • THIS FUND
  • AVERAGE OF ALL BALANCED KIWISAVER FUNDS

53.34%
53.34%
47.89%
47.89%

3.37%
3.37%
2.96%
2.96%

3.09%
3.09%
1.99%
1.99%

36.84%
36.84%
38.77%
38.77%

3.36%
3.36%
8.39%
8.39%

Top 10 investments

These assets make up 100.00% of this fund.

Asset Asset class Type Country % of Fund
MERCER BALANCED PORTFOLIO Fund NZ 100.00%

Full list of investments this fund holds

xlsx, 27 KB

Fees

1.43%
This fund
1.01%
Average balanced KiwiSaver funds
1.43%
Average 1.01%


Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. You can compare these with fees for the average balanced KiwiSaver fund (in grey).

Fees breakdown

Here's a breakdown of the different charges in this fund (in purple), compared to the average balanced KiwiSaver fund (in grey).

Fee Type % Over a Year Amount Paid on a 10K Balance

Management

This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.

1.12%
AVG: 0.78%
$112.00
AVG: $77.84

Other

This is a summary of other potential costs not covered in the categories displayed.

0.08%
AVG: 0.07%
$8.00
AVG: $7.39

Performance-based

These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.

None
AVG: 0.01%
$0.00
AVG: $0.71

Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance.

0.23%
AVG: 0.15%
$23.40
AVG: $15.10

Total combined fees

These are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing.

1.43%
AVG: 1.01%
$143.40
AVG: $101.03

Returns

4.13%
This fund
4.35%
Average balanced KiwiSaver funds
4.13%
Average 4.35%

For the past five years, this fund returned this average each year to investors (in green). This was after fees and taxes (28% PIR) were taken out. To compare, you can see the average return over the same time for all balanced KiwiSaver funds (in grey).

Yearly returns

These annual returns (in green) were for the 12 months up to 31 March 2024. You can compare them to the average balanced KiwiSaver fund (in grey).

March

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

This fund

9.40% 4.84% 6.35% 6.10% 5.42% -3.06% 18.01% 1.61% -3.20% 9.55%

Average

10.84% 3.78% 5.86% 5.40% 5.63% -1.36% 17.44% 0.93% -2.69% 10.61%

Risks

Specific risks for this fund

Chasing higher returns while investing always increases risks. Several kinds of risks, actually. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it's important to understand how it works.

You'll find the specific risks in the Risk section of the PDS, and here's more about understanding risk.

pdf, 3.8 MB

Risk indicator

This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund's five-year performance (or an appropriate market index if it has not been around that long).

The left side of this range of numbers indicates a Lower risk

The right side of this range of numbers indicates a Higher risk

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

The left side of this range of numbers indicates Potentially
lower returns

The right side of this range numbers indicates Potentially
higher returns

Key documents

These are the most important documents that a provider is required to file about this investment.

Product disclosure statement

Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.

pdf, 3.8 MB

Fund update (most recent)

This update from the provider lets you see much of the same information shown here in Smart Investor: how this fund is performing, what it costs and the investments it currently holds.

pdf, 2.2 MB

Complete asset portfolio

Additional disclosure documents

These are more documents from the provider that can contain interesting information.

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Statement of investment policy and objectives (SIPO)

A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.

pdf, 1.8 MB

Key personnel

These are the directors and employees who have the most influence on investment decisions for this fund.

Name Current position Time in role
JEFFERY DARREN RUSCOE Investment Committee
Member
5 years, 9 months
MARK DAVID ENNIS Investment Committee
Member
4 years, 5 months

Additional details

Manager details

Name

AMP WEALTH MANAGEMENT NEW ZEALAND LIMITED

Type

NZ Limited Company

Website

NZBN

Supervisor

Name

PUBLIC TRUST

Fund details

Asset liquidity ratio help ?

100.00%

Total value of fund help ?

$59,129,168.34

Debt ratio help ?

0.07%

Continuous issue help ?

Yes

Default KiwiSaver help ?

No

Lifecycle option help ?

No

Multi-fund option help ?

No

Schedule 1 exemption help ?

No

FMA exemption help ?

Yes: The Financial Markets Conduct (Market Index) Exemption Notice 2024

Number of members

1,594

Reference numbers

Fund

FND138: MERCER BALANCED FUND

Offer

OFR10393: AMP KIWISAVER SCHEME

Scheme

SCH10367: AMP KIWISAVER SCHEME

Next steps

Want to know more about this investment or how it compares to others? Have a look at its peers.

This is a

balanced KiwiSaver fund

Product disclosure statement

Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.

Fund update (most recent)

These are provided to members of the fund (usually once each quarter) to update them on its performance.

Getting investment advice

Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask. 

Interested in investing in this offer? Visit the provider's website. amp.co.nz