AMP Balanced Managed Fund is a diversified managed fund operated by AMP; PIE-structured; FMA risk indicator 4/7. Headline terms: annual fund charge 0.80% · distributions no distributions (accumulating). Compared with 66 other same-category funds on this site, the 0.80% annual fund charge sits below the same-category median of 0.99%.
PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
Annual fund charge
0.81%
vs peer avg 1.10%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 3.77%
Fund size
NZ$44.6m
53% growth · 47% income
To achieve medium returns – in exchange there will be some movements up and down in the value of your investments. To provide a well-diversified portfolio that has a balance of risk through holding growth assets and an allocation to lower-risk income assets.
How AMP Balanced Managed Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Top 3 holdings
- Fisher & Paykel Healthcare Corporation Limited (2.0%) · New Zealand Government Inflation Linked Bond - maturing 20 Sep 2035 (1.9%) · NVIDIA Corp (1.7%)
- Currency policy
- Hedging may be used within each fund or underlying fund to manage exchange rate exposure. The Manager does not expect actively trading foreign currency positions to add long-term value; foreign currency settings are revi…
Key facts
Fund start date
18 May 2022
Distributions
No distributions (accumulating)
Tax structure
PIE
Capped at your PIR (max 28%)
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Cash and cash equivalents | 4.2% | 0% | 14.2% |
| New Zealand fixed interest | 20% | 10% | 30% |
| International fixed interest | 18% | 8% | 28% |
| Total Income Assets | 42.2% | 32.2% | 52.2% |
| Australasian equities | 13.5% | 3.5% | 23.5% |
| International equities | 37.3% | 27.3% | 47.3% |
| Other (infrastructure) | 7% | 0% | 17% |
| Total Growth Assets | 57.8% | 47.8% | 67.8% |
Responsible-investment approach
The Manager applies a Sustainable Investment Philosophy with four pillars: Support the good, Avoid the bad, Reduce our carbon footprint, and Advocate for change. Exclusions are applied via mandate covering controversial weapons, civilian firearms, military weapons, fossil fuels, thermal coal power generation, nuclear power, tobacco, palm oil, whale products, UN Global Compact violators, primary industry GICS exclusions, NZ Super Fund exclusions, and Russian Federation securities. A significant ownership filter excludes companies owning 10–50% of excluded entities where total exclusion applies.
Exclusions
- Controversial weapons (anti-personnel mines, biological/chemical weapons, cluster weapons, nuclear weapons, depleted uranium, white phosphorus)
- Civilian firearms producers and distributors >5% revenue
- Military weapons >5% revenue
- Fossil fuels (arctic oil & gas, oil & gas, oil sands, shale energy, thermal coal)
- Power generation from thermal coal >5% revenue
- Nuclear power >5% electricity generation
- Tobacco producers and distributors >5% revenue
- Palm oil producers and distributors
- Whale meat production
- UN Global Compact violators
- Primary industry GICS exclusions (coal, integrated oil & gas, oil & gas drilling, oil & gas equipment, oil & gas exploration and production, tobacco)
- NZ Super Fund exclusion list
- Securities issued by or traded on Russian Federation
Derivatives policy
Derivatives may be used for risk management or to optimise investment strategy implementation. Each fund (and any underlying fund) is permitted to hold derivatives for currency hedging and other risk management purposes, and derivatives related to each asset class so long as total market exposure remains within permitted asset allocation ranges.
Reading between the lines
Plain-English summary of the scheme's disclosed conflicts and performance-fee mechanics, drawn from the OMI and PDS. Factual restatement — no opinion.
- AMP acknowledges a conflict of interest because its administration functions are delegated to AMP Services (NZ) Limited, a related company, and paid from the management fee AMP controls.
- AMP discloses it may change the fee paid to AMP Services at any time, meaning internal cost allocation between related parties can shift without investor approval.
- AMP Limited, as ultimate holding company, sets the governance and conflicts-management procedures that apply to the manager, creating a related-party oversight structure.
- BlackRock Investment Management (Australia) Limited provides investment management services and exercises voting and stewardship rights for AMP's underlying funds; it is not identified as a related party.
Generated 2026-05-28 from AMP Managed Funds OMI (dated 2025-05-22). The verbatim disclosures appear in full below — this summary is a navigation aid, not a substitute.
Scheme disclosures
From the Other Material Information (OMI) document. Scheme-level — applies to every fund in this scheme.
Trustee / Supervisor
Public Trust
Conflicts disclosed
2
In OMI
Conflicts of interest disclosed in OMI
- AMP Services (NZ) Limited is a related company of AMP Wealth Management New Zealand Limited and is paid from the management fee to perform administration functions; AMP may at any time agree with AMP Services to change the fee paid to them.
- AMP Limited's Conflicts Management Policy provides principles for managing conflicts of interest within AMP, acknowledging the potential for conflicts arising from related-party arrangements within the group.
How this fund compares to peers
Mechanical comparison vs the 67 other diversified funds in our cohort. Source: FMA Disclose register via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
Annual fund charge
0.81%
Category median: 0.99%
Cheaper than 70% of peers
Fund size
NZ$44.6m
Category median: NZ$57.5m
41th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$398
Compounded charge over 5 years (excl. returns)
$87 less than peer median
Read the full fee-vs-peers breakdown →
Mechanical scores only — no opinion or recommendation. Different funds suit different investor goals. ManagedFundsNZ is not a Financial Advice Provider. Read the current PDS and consider speaking to a licensed financial adviser.
Top 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
 Fisher & Paykel Healthcare Corporation Limited | 2.01% |
| NZ New Zealand Government Inflation Linked Bond - maturing 20 Sep 2035 | 1.94% |
 NVIDIA Corp | 1.67% |
 Apple Inc | 1.47% |
| NZ New Zealand Government Inflation Linked Bond - maturing 20 Sep 2040 | 1.29% |
| NZ New Zealand Government Bond - maturing 20 Apr 2029 | 1.27% |
| NZ New Zealand Government Inflation Linked Bond - maturing 20 Sep 2030 | 1.27% |
 Auckland International Airport Limited | 1.27% |
| NZ New Zealand Government Bond - maturing 15 May 2030 | 1.12% |
| NZ New Zealand Government Bond - maturing 15 Apr 2027 | 1.07% |
Documents
- Other Material Information1772 kB · file fingerprint recorded
- Statement of Investment Policy2817 kB · file fingerprint recorded
- Product Disclosure Statement6181 kB · file fingerprint recorded
Also via Sorted Smart Investor
FMA Disclose mirrors and historical files from Sorted.
- AMP BALANCED MANAGED FUND (FND38914) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.94 KB
- AMP Managed Funds Product Disclosure Statement.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 6.04 MB
- AMP Balanced Managed Fund.pdf The quarterly update published by the provider PDF, 3.48 MB
- AMP Managed Funds Other Material Information.pdf This document provides additional information about the AMP Managed Funds (Scheme) and should be read with the current Product Disclosure Statement (PD
- AMP Managed Funds Statementof Investment Policyand Objectives.pdf Statement of investment policy and objectives PDF, 2.75 MB
About this category
Multi-asset funds that hold a mix of shares, bonds, cash and sometimes property in a single portfolio. The mix determines the risk profile — aggressive funds hold more shares, conservative funds hold more bonds and cash.
About AMP
Long-established Australasian wealth manager with a NZ retail managed-fund range.
See all funds from AMP →Common questions
Questions people ask about AMP Balanced Managed Fund
Drawn from Google's "People also ask" panel and answered with reference to the fund's filed PDS, Fund Update and FMA Disclose data. Not personal financial advice — for guidance specific to your situation, consult an authorised financial adviser.
Are balanced funds good for retirees?
Balanced funds mix growth and income assets to suit investors seeking both capital growth and regular returns; the AMP Balanced Managed Fund holds approximately 52.35% growth assets and 47.65% income assets. Whether this asset mix suits your retirement needs depends on your personal circumstances, time horizon, and income requirements—check the Product Disclosure Statement or consult a financial adviser for guidance tailored to your situation.
What is a reasonable fee for a managed fund?
Fund fees vary by asset class and strategy; the AMP Balanced Managed Fund charges 0.81% p.a., which is below the peer-cohort average of 1.06% p.a. for comparable diversified funds. You can compare fees across funds in our coverage using the fee comparison tool, and the FMA Disclose register provides standardised disclosure of all manager charges.
What is the benefit of AMP managed funds?
Managed funds provide professional asset allocation, diversification across multiple holdings, and centralised administration; the AMP Balanced Managed Fund also benefits from PIE tax status, which caps your investor tax at your prescribed investor rate (maximum 28%). Specific benefits depend on your investment goals and circumstances—refer to the PDS or AMP's website for full details on fund features.
Head-to-head
Compare AMP Balanced Managed Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Diversified funds
Same manager
Other funds by AMP
- AMP Growth Managed FundDiversified
- AMP Aggressive Managed FundDiversified
- AMP International Shares Managed FundInternational Equities
FMA risk band
Same risk band (4/7)
See every NZ retail managed fund with the same standardised FMA risk indicator. Useful for peer-checking volatility-comparable funds outside this category.
View risk band 4 funds →AI & integrations
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the AMP Balanced Managed Fund?
AMP Balanced Managed Fund is managed by AMP. Long-established Australasian wealth manager with a NZ retail managed-fund range.
What asset class is the AMP Balanced Managed Fund?
It is a diversified managed fund. The fund has a balanced risk profile. Multi-asset funds that hold a mix of shares, bonds, cash and sometimes property in a single portfolio. The mix determines the risk profile — aggressive funds hold more shares, conservative funds hold more bonds and cash.
What are the fees for the AMP Balanced Managed Fund?
The annual fund charge for the AMP Balanced Managed Fund is 0.81% p.a., as reported in the latest Quarterly Fund Update sourced from the FMA Disclose register. Always check the current PDS for any additional fees.
What is the risk indicator for the AMP Balanced Managed Fund?
The risk indicator is 4/7 on the standardised FMA-mandated scale, where 1 is lower risk and 7 is higher risk. The risk indicator is calculated from the fund's price volatility over the past five years and is published in every Quarterly Fund Update.
Is the AMP Balanced Managed Fund a PIE fund?
Yes. The AMP Balanced Managed Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
How big is the AMP Balanced Managed Fund?
Fund size (assets under management) is NZ$45 million as at the latest Quarterly Fund Update. Asset mix is approximately 53% growth assets and 47% income assets.
What does the AMP Balanced Managed Fund invest in?
The latest published top holdings are: Fisher & Paykel Healthcare Corporation Limited (2.01%), New Zealand Government Inflation Linked Bond - maturing 20 Sep 2035 (1.94%), NVIDIA Corp (1.67%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
How can I invest in the AMP Balanced Managed Fund?
The AMP Balanced Managed Fund is available via AMP directly. Always read the current Product Disclosure Statement before investing.
Are balanced funds good for retirees?
Balanced funds mix growth and income assets to suit investors seeking both capital growth and regular returns; the AMP Balanced Managed Fund holds approximately 52.35% growth assets and 47.65% income assets. Whether this asset mix suits your retirement needs depends on your personal circumstances, time horizon, and income requirements—check the Product Disclosure Statement or consult a financial adviser for guidance tailored to your situation.
What is a reasonable fee for a managed fund?
Fund fees vary by asset class and strategy; the AMP Balanced Managed Fund charges 0.81% p.a., which is below the peer-cohort average of 1.06% p.a. for comparable diversified funds. You can compare fees across funds in our coverage using the fee comparison tool, and the FMA Disclose register provides standardised disclosure of all manager charges.
What is the benefit of AMP managed funds?
Managed funds provide professional asset allocation, diversification across multiple holdings, and centralised administration; the AMP Balanced Managed Fund also benefits from PIE tax status, which caps your investor tax at your prescribed investor rate (maximum 28%). Specific benefits depend on your investment goals and circumstances—refer to the PDS or AMP's website for full details on fund features.