AMP Conservative Fund
Amp Conservative Fund is a conservative KiwiSaver fund managed by AMP. It has 11,005 members and holds $558 million. It opened in 2007.
Fees and returns
- Annual fee
- 0.76% of your balance each year
- Return over 1 year
- +4.6% a year
- Return over 3 years
- +5.2% a year
- Return over 5 years
- +2.3% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned +2.3% a year. The median for mainstream conservative funds over the same period was +2.2% a year, across 29 funds. This fund is ahead of that median, by 0.1 percentage points.
What it invests in
New zealand fixed interest 37%, international fixed interest 25%, cash and cash equivalents 17%, international equities 14%.
Largest holdings
- New Zealand Government Inflation Linked Bond - maturing 20 Sep 2035 2.31%
- New Zealand Government Bond - maturing 20 Apr 2029 2.23%
- New Zealand Government Bond - maturing 15 May 2030 1.96%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +4.6% |
| 2024/25 | +4.2% |
| 2023/24 | +6.7% |
| 2022/23 | −2.3% |
| 2021/22 | −1.5% |
| 2020/21 | +7.5% |
| 2019/20 | −0.3% |
| 2018/19 | +4.5% |
| 2017/18 | +2.8% |
| 2016/17 | +3.6% |
About this fund
The AMP Conservative Fund is a diversified conservative fund that invests mainly in income assets — fixed interest and cash — with a smaller allocation to shares and other growth assets. Managed on a predominantly index-tracking basis, it aims for modest-to-medium returns with only small movements in value, and applies AMP's sustainable-investment exclusions. Annual fund charge: 0.76%.