{ "schemaVersion": "1.1", "canonicalUrl": "https://managedfunds.nz/funds/amp/growth-managed/", "fetchedAt": "2026-06-20T08:25:17.133Z", "fund": { "slug": "growth-managed", "name": "AMP Growth Managed Fund", "managerSlug": "amp", "category": "diversified", "riskProfile": "growth", "isPie": true, "isEtf": null, "ticker": null, "isHedged": null, "isResponsibleInvestment": null, "isThematic": null, "isFifNotPie": null, "shortDescription": null, "availableVia": [ "direct" ], "dataStatus": "pending-ingestion" }, "manager": { "slug": "amp", "name": "AMP", "legalName": "AMP Wealth Management New Zealand Limited", "parent": null, "website": "https://www.amp.co.nz", "hq": "Auckland" }, "category": { "slug": "diversified", "name": "Diversified Funds", "shortName": "Diversified" }, "metrics": { "status": "ok", "matchScore": 3.1666666666666665, "sortedFundName": "AMP GROWTH MANAGED FUND", "sortedManager": "AMP WEALTH MANAGEMENT NEW ZEALAND LIMITED AMP.CO.NZ", "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13265/OFR13331/FND38239/", "fetchedAt": "2026-05-22T02:42:30.535Z", "source_doc": "sorted/SCH13265/OFR13331/FND38239", "source_doc_date": "2026-05-22", "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13265/OFR13331/FND38239/", "source_tier": "C", "riskIndicator": 4, "annualFundChargePct": 0.81, "peerAvgFeePct": 1.29, "fiveYearReturnPct": null, "peerAvg5YearReturnPct": 4.31, "fiveYearReturnNote": "Less than 5 years of data", "growthAssetsPct": 78.48, "incomeAssetsPct": 21.52, "fundSizeNzd": 44232996.22, "pdsUrl": "/disclose-document/mdo067ce037cf28149742df8c20014ad0ac/AMP-Managed-Funds-Product-Disclosure-Statement.pdf", "strategySummary": "“\n The fund has a well-diversified portfolio that aims to provide growth, primarily through holding growth assets diversified with a lower allocation to lower-risk income assets. 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To provide a well-diversified portfolio that aims to provide growth, primarily through holding growth assets diversified with a lower allocation to lower-risk income assets.", "benchmark": "Weighted average of benchmark indices of underlying funds: Bloomberg NZBond Bank Bill Index (cash); Bloomberg NZBond Treasury 0+ Yr, Infl 0+ Yr, Credit 0+ Yr (NZ fixed interest); Bloomberg MSCI Global Aggregate ESG-Weighted, Bloomberg Global High Yield Corporate DM, FTSE US Inflation-Linked Securities (international fixed interest); S&P/NZX 50, MSCI Australian Shares All Cap 300 Custom ESG 100% Hedged to NZD (Australasian equities); MSCI World ex Select Countries Custom ESG Enhanced Focus 60% Hedged to NZD, MSCI Emerging Markets ex Select Custom ESG (international equities); STOXX Global Smart City Infrastructure Index / No index Direct Infrastructure (other).", "investment_horizon_years": null, "permitted_assets": [ "Cash and cash equivalents", "New Zealand fixed interest", "International fixed interest", "Australasian equities", "International equities", "Other (listed and direct infrastructure)", "Transactional cash (operational)" ], "asset_allocation_ranges": [ { "asset_class": "Cash and cash equivalents", "target_pct": 2, "min_pct": 0, "max_pct": 12 }, { "asset_class": "New Zealand fixed interest", "target_pct": 10, "min_pct": 0, "max_pct": 20 }, { "asset_class": "International fixed interest", "target_pct": 10, "min_pct": 0, "max_pct": 20 }, { "asset_class": "Total Income Assets", "target_pct": 22, "min_pct": 12, "max_pct": 32 }, { "asset_class": "Australasian equities", "target_pct": 19, "min_pct": 9, "max_pct": 29 }, { "asset_class": "International equities", "target_pct": 51.5, "min_pct": 41.5, "max_pct": 61.5 }, { "asset_class": "Other (infrastructure)", "target_pct": 7.5, "min_pct": 0, "max_pct": 17.5 }, { "asset_class": "Total Growth Assets", "target_pct": 78, "min_pct": 68, "max_pct": 88 } ], "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" ], "tilts": [], "performance_objective": "To provide a gross return (before tax, fees, and other expenses) that closely tracks the return of the weighted average of the benchmark indices used to measure performance of the underlying funds/assets into which the fund invests.", "tracking_error_target": null, "source_paragraph": "To achieve medium to high returns – in exchange there will be larger movements up and down in the value of your investments. 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Managed in single sector funds by investing across different investments within an asset class, and in diversified funds by investing across different asset classes." }, { "risk_name": "Counterparty risk", "description": "The risk that a party to a financial contract (including an investment contract) defaults or is otherwise unable to fulfil their obligations. If this occurs, the full amount of the investment may not be recovered." }, { "risk_name": "Fund of funds risk", "description": "The funds invest in other funds. An underlying fund manager of a fund may close its investment fund without notice, or on limited notice, and this may result in investments being held in cash, pending the replacement of the underlying fund manager. Similarly, an underlying fund manager may close its investment fund to new applications, resulting in investments also being held in cash." }, { "risk_name": "Service Provider risk", "description": "The risk that if any of the parties involved in the operation of the Scheme (including the Supervisor, AMP, AMP Services (NZ) Limited, BlackRock and underlying fund managers) fail to perform their obligations, it could adversely affect investors of the Scheme." }, { "risk_name": "Operational risk", "description": "The risk of a technological, process, or other failure affecting the Scheme's operations or the financial markets in general. Such a risk could impact your returns or ability to withdraw from the funds." }, { "risk_name": "Regulatory risk", "description": "The risk that the Scheme is affected by future changes to tax, financial markets or other legislation (whether in New Zealand or overseas)." }, { "risk_name": "Risk of losing PIE tax status", "description": "The Scheme is structured as a single PIE for tax purposes. Accordingly, there is a risk in respect of the Scheme that, if a fund fails to satisfy PIE eligibility criteria and that failure is not remedied all funds may lose PIE status and revert to a scheme taxed at a flat rate of 28%, rather than at your own prescribed investor rate. A loss of PIE tax status for the Scheme could impact the returns to the investor." }, { "risk_name": "Risk of restrictions of withdrawals, transfers or switches", "description": "There is a risk that we may defer withdrawals, transfers from the Scheme or switches between funds if we determine that, having regard to the realisation of assets required in order to give effect to the switch, giving effect to the withdrawal, transfer or switch earlier would be imprudent or impracticable." }, { "risk_name": "Insolvency risk", "description": "The risk that the Scheme or a fund becomes insolvent and is placed into receivership, liquidation or statutory management, making it unable to meet its financial obligations." }, { "risk_name": "Scheme liquidity risk", "description": "The risk that the Scheme cannot meet payments on time. This arises where there is a mismatch between the maturity profile of investments and the amount required to meet withdrawal requests. Such liquidity risk would restrict your ability to withdraw, transfer to another scheme or switch between funds." }, { "risk_name": "Borrowing risk", "description": "The risk that where borrowing has occurred in relation to a fund, the lender would have the right to demand payment from that fund at short notice. If there are insufficient assets in the funds to repay the loan, the assets of other funds in the Scheme could be used to meet the repayment." }, { "risk_name": "Single trust fund risk", "description": "Although separate funds have been established within the Scheme, the assets of the Scheme comprise a single trust fund. If the assets of a particular fund are insufficient to meet the liabilities attributable to that fund, the assets of any other fund may be called on to meet those liabilities." }, { "risk_name": "Concentration risks", "description": "The single sector funds are concentrated in a particular asset class and are not diversified across multiple asset classes. At any given point, market conditions that cause one asset class to perform well may cause another asset class to perform poorly. This could result in negative or lower than expected returns for the single sector funds compared to funds which are diversified across multiple asset classes." } ], "tax_disclosures": [ "The Scheme is a Portfolio Investment Entity (PIE); tax is calculated at each investor's Prescribed Investor Rate (PIR) and paid directly to Inland Revenue.", "Three PIR rates are available for NZ tax-resident individuals who provide their IRD numbers: 10.5%, 17.5%, and 28%; the PIR for non-residents is 28%.", "The default PIR (28%) applies to investors who do not provide their IRD number or do not elect a PIR.", "If the rate applied to PIE income is lower than the correct PIR, the investor must pay any tax shortfall as part of the income tax year-end process; if higher, any over-withheld tax will reduce income tax liability or be refunded.", "New Zealand equities: tax payable on dividends and interest only; no tax on capital gains/losses and no FDR.", "Australian equities (most listed): tax payable on dividends and interest only; no tax on capital gains/losses and no FDR.", "Australian Unit Trusts (AUTs): taxed using the Fair Dividend Rate (FDR) method (deemed 5% return) with some limited exemptions where they are taxed as Australian equities.", "Global equities: taxed using the FDR method (deemed 5% return on daily market value); no tax on actual capital gains/losses or dividends.", "Cash, fixed interest, currency hedges and other financial instruments: tax payable on capital gains/losses and dividends/interest; generally not subject to FDR.", "Currency hedges: gains and losses generally fully taxable; in limited circumstances an alternative method may apply resulting in tax on approximately 5% of market value of the hedge.", "Tax is collected by cancelling units (selling underlying assets) at end of each tax year and at the time of full withdrawal; may also be collected during the year if balance is insufficient to cover year-to-date accrual.", "Tax rebates (if refundable tax credits exceed tax liability) are applied by issuing further units; if at full withdrawal, paid to bank account.", "A PIE tax statement covering attributed PIE taxable income/loss and attributed tax credits is provided by 31 May following each 31 March tax year end.", "As tax has already been calculated and collected (or rebated) on taxable investment income, withdrawals made from the Scheme are not subject to further tax.", "No further taxes will be deducted from amounts payable to non-resident investors.", "GST will be added to fees and may be included in some expenses where applicable; currently GST is not charged on the management fee.", "AUT FDR exemption applies where there is an RWT proxy and the AUT either turns over a minimum of 25% of its profit-making shares each year or distributes at least 70% of its distributable gains each year." ], "trustee_supervisor": "Public Trust", "auditor": null, "custodian": null, "source_paragraphs": [ "The management fee is also used to contribute to the costs associated with administering the Scheme. These include paying AMP Services for performing its role as administration manager of the Scheme, and the Supervisor for performing its role as supervisor of the Scheme.", "The Scheme is structured as a single PIE for tax purposes. Accordingly, there is a risk in respect of the Scheme that, if a fund fails to satisfy PIE eligibility criteria and that failure is not remedied all funds may lose PIE status and revert to a scheme taxed at a flat rate of 28%.", "Although separate funds have been established within the Scheme, the assets of the Scheme comprise a single trust fund. 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No paid redistribution.", "contact": "hello@managedfunds.nz" } }