AMP International Shares Managed Fund vs Foundation Series US Dividend Equity Fund

The most material structural difference between these two funds is their fee level. The Foundation Series US Dividend Equity Fund discloses an annual fund charge of 0.06%, while the AMP International Shares Managed Fund charges 0.79% — a difference of 0.73 percentage points that compounds meaningfully over time on any given investment balance. Both sit at risk indicator 5 on the standard 1–7 scale, and both allocate 98.31% of assets to growth assets, so their risk profiles and broad asset-class exposure are essentially identical on those measures.

Where they diverge sharply is in construction. The Foundation Series fund is a single-ETF wrapper, with 99.75% of assets held in the Schwab U.S. Dividend Equity ETF — a concentrated, rules-based approach that targets US dividend-paying equities through one underlying vehicle. The AMP fund holds a diversified basket of individual global equities; its five largest disclosed positions are NVIDIA Corp (5.48%), Apple Inc (4.84%), Microsoft Corp (3.30%), Amazon.com Inc (2.69%), and Alphabet Inc Class C (2.10%), suggesting broader global large-cap exposure rather than a dividend screen or single-market focus.

Neither fund discloses a five-year return figure in the current snapshot, so historical performance comparison is not possible here. Fund sizes are comparable — AMP at approximately NZD 10.97 million and Foundation Series at approximately NZD 10.81 million. Neither fund is part of a KiwiSaver scheme account based on the available data.

Always verify fees, returns, and investment details against each fund's current PDS and latest Quarterly Fund Update on FMA Disclose before relying on any of the above.