Rate of return

What is my personal rate of return (PRR)?

The personal rate of return calculates your investment returns as a percentage. It takes the opening and closing balances of your account and factors in cash flows such as contributions and withdrawals. The closing balance for the period uses a money-weighted return methodology. The PRR is calculated for approximately the last 12 months’ period. The exact date range is shown in your My AMP account. The PRR is net of fees and gross of tax. The returns may be higher or lower than the returns stated in the AMP Quarterly Fund Updates, which are gross of fees or tax and do not take into account the timing of when the customer made a deposit or a withdrawal (i.e. they are not personalized).

To calculate the PRR we used money-weighted return methodology. The Money-Weighted Return measures the impact of money flows in or out of the member account, as well as the performance of the investments in the member account.  The Money-Weighted return is calculated from the beginning and ending value of the portfolio and from the amount and timing of the external cash flows.

Why is my PRR different to the unit price return (shown on the AMP website)?

  • Your PRR is calculated for the last 12 months’ period approximately. The exact date range will be shown in My AMP. When comparing the PRR to the returns published on the website, you should look for the corresponding returns for those dates.
  • PRR is based on the performance, timing and value of your investment (cash flows) invested. It is also calculated based on transactions within your account excluding fees and premiums.
  • The PRR is before tax charges but after fees.
  • If a member has multiple funds the PRR is taking into account the relevant proportion of each fund performance.

Who Will Receive the PRR?

PRR is only available for members who were in the scheme for approximately one year (i.e. they didn’t join or leave within the year). This is because a part period or annualised rate of return could be misleading.

Important information

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AMP Wealth Management New Zealand Limited is the issuer and manager of the AMP KiwiSaver Scheme (the 'Scheme'). The Supervisor of the Scheme is The New Zealand Guardian Trust Company Limited.

For more information, download a copy of the AMP KiwiSaver Scheme Product Disclosure Statement and Fund Update Booklet, which have been lodged on the Scheme's offers register entry at companiesoffice.govt.nz/disclose.

The content on this website is for information only. The information is of a general nature and does not constitute financial advice or other professional advice. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. While care has been taken to supply information on this website that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission.

A disclosure statement is available from your Adviser, on request and free of charge.