Fund-vs-fund · Diversified
AMP Balanced Managed Fund vs Harbour Balanced Fund
Both are Diversified funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
Why these two differ
The most material difference in this comparison is data availability. The AMP Balanced Managed Fund discloses a substantive set of fund facts in our snapshot, while the Harbour Balanced Fund's latest Quarterly Fund Update data is absent across every reported field — including fees, risk indicator, fund size, growth asset allocation, and top holdings. Any structural comparison is therefore one-sided by necessity.
On the AMP side, the fund carries an annual fund charge of 0.81% and a risk indicator of 4 on the standard 1–7 scale, placing it in the middle of the risk spectrum. Fund size stands at approximately NZD 44.6 million. Growth assets make up 53.15% of the portfolio, consistent with a balanced mandate. The five-year return figure is not available in this snapshot for either fund. AMP's disclosed top holdings include Fisher & Paykel Healthcare Corporation Limited (2.01%), a New Zealand Government Inflation-Linked Bond maturing September 2035 (1.94%), NVIDIA Corp (1.67%), Apple Inc (1.47%), and a second NZ Government Inflation-Linked Bond maturing September 2040 (1.29%), suggesting a mix of domestic equities, global equities, and inflation-linked fixed income. Harbour discloses none of these data points in our current snapshot, so no equivalent comparison can be drawn on fees, portfolio composition, or fund scale.
Both funds are categorised as Diversified. Readers should verify all figures — including the AMP data quoted here — against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
What's different at a glance
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Where each fund sits in its cohort
Percentile rank vs all 67 diversified funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
AMP
0.81%
Lower half of cohort
Harbour
—
—
5-year return p.a.
Past performance — not a predictor
AMP
—
—
Harbour
—
—
Fund size
Larger = more stable, lower close-risk
AMP
NZ$45m
Lower half by size
Harbour
—
—
| Metric | AMP | Harbour | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.81% | — | Lower is better |
| Risk indicator (1–7) | 4 | — | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$45m | — | Larger = more stable, lower close-risk |
| Growth / income split | 53% / 47% | — | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | — | — | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | No | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
What each fund says it does
AMP
AMP Balanced Managed Fund
The fund has a well-diversified portfolio that has a balance of risk through holding growth assets and an allocation to lower-risk income assets. The fund aims to achieve medium returns, in exchange there will be some movements up and down in the value of your investments.Full AMP AMP Balanced Managed Fund profile →
Harbour
Harbour Balanced Fund
Strategy summary not yet ingested.
Full Harbour Harbour Balanced Fund profile →Documents
Crawled directly from each manager's website. How we record provenance →
Common questions
What's the difference between the AMP Balanced Managed Fund and the Harbour Balanced Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
