AMP Global Fixed Interest Fund
AMP KiwiSaver Scheme On Cam's implementation panel
AMP Global Fixed Interest Fund is a conservative fund in the AMP KiwiSaver Scheme. Its provider discloses a risk indicator of 3 out of 7 and an annual fund charge of 0.75%. This page sets out what the provider has disclosed on the Disclose Register, with the Morningstar return where there is one. It is general information, not a recommendation to join or switch.
- 10-year return
- 0.2%a year after fees, before tax, Morningstar, as at 30 September 2026
- Risk indicator
- 3 of 7Disclosed by the provider
- Annual fund charge
- 0.75%Total, as a share of the amount invested
- Fund size
- $1.5 million74 investors
Source: Morningstar KiwiSaver Survey, the three months to 30 September 2026, published 29 October 2026. Morningstar files it under Global Fixed Interest. Returns are annualised: each figure is a return per year, averaged across the period shown. Figures are net of the fund's annual charges and before your own tax. KiwiSaver is taxed at your prescribed investor rate, so two people in the same fund keep different amounts, and fixed dollar member fees are not reflected in a percentage. Past performance does not guarantee future returns.
What the provider says
This is a single sector fund with a diversified portfolio of international fixed interest securities. The fund aims to primarily preserve the value of your investment with some capital growth by investing in fixed interest securities issues in bond markets around the world (which may include NZ bond markets).
The fund's own description, as disclosed on the Disclose Register. Fund start date: 28 July 2016.
What the fund invests in
| Asset class | Target | Actual |
|---|---|---|
| International fixed interest | 100.00% | 99.53% |
| New Zealand fixed interest | 0.00% | 0.24% |
| Cash and cash equivalents | 0.00% | 0.23% |
Actual allocation as at 30 September 2026. Asset classes held at 0% are left out.
How it is managed
Management style: Passive (index tracking). The fund tracks a market index rather than having a manager pick investments. This describes how the fund is run, not whether one style is better.
To provide a gross return (before tax, fees, and other expenses) that closely tracks the return of the benchmark index
From the AMP KiwiSaver Scheme SIPO, 30 June 2026 (opens in a new tab), read on 31 October 2026.
Passive vs active KiwiSaver funds: what the difference means for you →
Largest investments
| Investment | Type | Country | Share of fund |
|---|---|---|---|
| BNP USD Account | Cash and cash equivalents | US | 2.34% |
| China Government Bond - maturing 21 May 2030 | International fixed interest | CN | 0.45% |
| Agricultural Development Bank Of China - maturing 17 Apr 2030 | International fixed interest | CN | 0.90% |
| Agricultural Development Bank Of China - maturing 20 Oct 2033 | International fixed interest | CN | 0.65% |
| China Government Bond - maturing 25 Feb 2028 | International fixed interest | CN | 0.66% |
| United States Government Bond - maturing 30 Jun 2030 | International fixed interest | US | 0.51% |
| China Government Bond - maturing 25 Dec 2031 | International fixed interest | CN | 0.46% |
| United States Government Bond - maturing 31 May 2031 | International fixed interest | US | 0.40% |
| Germany Government Bond - maturing 13 Apr 2028 | International fixed interest | DE | 0.61% |
| Agricultural Development Bank Of China - maturing 09 Jan 2035 | International fixed interest | CN | 0.43% |
Together 7.4% of the fund. The rest is spread across other holdings.
How spread out is it?
| Measure | Disclosed |
|---|---|
| Holdings the provider lists | 2,676 |
| The ten largest, together | 7.4% |
| Largest single holding | BNP USD Account, 2.3% of the fund |
The risk indicator measures how much a fund's returns have moved, not how many investments it holds, so it cannot show concentration on its own. Two funds that hold the same index can carry different indicators. Shares are as the provider disclosed them, and a total above 100% is the provider's own figure.
Fees and charges
| Charge | Disclosed |
|---|---|
| Total annual fund charge | 0.75% |
| Manager's basic fee | 0.69% |
| Performance-based fees | 0.00% |
| Other management charges | 0.06% |
| Contribution fee | 0.00% |
| Withdrawal fee | 0.00% |
Charges as a share of the amount invested. A blank on the register is shown as not stated. How an adviser is paid is separate, and is set out in our disclosure statement.
Returns the provider has disclosed
These are the provider's own figures from its fund update. They are the register's "net" returns, which are after the fund's charges and after tax, so they will not match the Morningstar figures in the headline and in the next section, which are after charges and before tax. Read each on its own terms.
| Period | This fund |
|---|---|
| Past year | -2.41% |
| Average a year, 5 years | -0.98% |
| Average a year, since the fund started | 0.14% |
| Year | This fund |
|---|---|
| 12 months to 31 March 2026 | 0.69% |
| 12 months to 31 March 2025 | 2.23% |
| 12 months to 31 March 2024 | 2.17% |
| 12 months to 31 March 2023 | -4.12% |
| 12 months to 31 March 2022 | -3.49% |
| 12 months to 31 March 2021 | 0.54% |
| 12 months to 31 March 2020 | 3.50% |
| 12 months to 31 March 2019 | 2.40% |
| 12 months to 31 March 2018 | 0.61% |
A return says what happened and not what will.
Returns reported by Morningstar
| Period | This fund |
|---|---|
| 10 years | 0.2% |
| 5 years | -1.4% |
| 3 years | 2.1% |
Annualised returns a year as at 30 September 2026, from the Morningstar KiwiSaver Survey, published 29 October 2026. Returns are annualised: each figure is a return per year, averaged across the period shown. Figures are net of the fund's annual charges and before your own tax. KiwiSaver is taxed at your prescribed investor rate, so two people in the same fund keep different amounts, and fixed dollar member fees are not reflected in a percentage. Morningstar publishes category averages for its five multi-sector categories only, so there is none to show for this fund. Past performance does not guarantee future returns.
See the full Morningstar returns comparison → (opens in a new tab)
Other details
| Item | Disclosed |
|---|---|
| Asset liquidity ratio | 100.00% |
| Debt ratio | 0.06% |
| Provider last updated this fund | 29 October 2026 |
| Reporting period ended | 30 September 2026 |
Where this comes from
Fund details are from the Disclose Register (opens in a new tab), read on 31 October 2026. The Morningstar return is from the same report as the Morningstar returns comparison. Read the provider's current Product Disclosure Statement before you decide.
Cam compares KiwiSaver providers and funds across the wider NZ market, and a fund appearing here, or on his implementation panel, is not a recommendation. Whether a fund suits you depends on your goals, timeframe and comfort with risk. How Solid Steele is paid depends on the provider and is set out in the disclosure statement. A free KiwiSaver session is the way to see how it applies to you.
See every open fund in the AMP KiwiSaver Scheme →
Other funds in the AMP KiwiSaver Scheme
- AMP Aggressive Fund
- AMP Australasian Shares Fund
- AMP Balanced Fund
- AMP Balanced Fund No. 2
- AMP Cash Fund
- AMP Conservative Fund
- AMP Growth Fund
- AMP International Shares Fund
- AMP Moderate Balanced Fund
- AMP Moderate Fund
- AMP NZ Fixed Interest Fund
- AMP Global Select Balanced Growth Fund
- AMP Global Select Conservative Fund
- AMP Global Select Growth Fund
- AMP Milford Active Growth Fund
- AMP Milford Aggressive Fund
- AMP Milford Balanced Fund
- AMP Milford Conservative Fund