AMP Moderate Fund
Amp Moderate Fund is a balanced KiwiSaver fund managed by AMP. It has 12,875 members and holds $837 million. It opened in 2007.
Fees and returns
- Annual fee
- 0.76% of your balance each year
- Return over 1 year
- +6.7% a year
- Return over 3 years
- +6.6% a year
- Return over 5 years
- +3.1% 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 +3.1% a year. The median for mainstream balanced funds over the same period was +3.8% a year, across 40 funds. This fund is behind that median, by 0.7 percentage points.
What it invests in
New zealand fixed interest 30%, international equities 23%, international fixed interest 19%, cash and cash equivalents 12%.
Largest holdings
- New Zealand Government Inflation Linked Bond - maturing 20 Sep 2035 2.3%
- New Zealand Government Bond - maturing 20 Apr 2029 1.89%
- New Zealand Government Bond - maturing 15 May 2030 1.66%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +6.7% |
| 2024/25 | +4.5% |
| 2023/24 | +8.5% |
| 2022/23 | −2.8% |
| 2021/22 | −0.9% |
| 2020/21 | +11.4% |
| 2019/20 | −1.4% |
| 2018/19 | +5.1% |
| 2017/18 | +3.7% |
| 2016/17 | +5.2% |
About this fund
The AMP Moderate Fund is a diversified fund weighted toward income assets — fixed interest and cash — with a moderate allocation to shares. 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%.