AMP KiwiSaver Scheme. Fund Update Booklet. 8 February PDF Free Download

8 February 2018 AMP KiwiSaver Scheme Fund Update Booklet AMP Wealth Management Limited is the issuer of the AMP KiwiSaver Scheme. This document gives you important information about this investment to help you decide whether you want to invest. It should be read together with the AMP KiwiSaver Scheme Product Disclosure Statement (PDS). You can obtain a copy of the PDS from amp.co.nz/kiwisaver. There is other useful information about this offer on companiesoffice.govt.nz/disclose. OUTSTANDING VALUE KI WISAVER E CONSERVATIV

Table of contents Page AMP Responsible Investment Balanced Fund 3 AMP Global MultiAsset Fund 7 AMP Income Generator Fund 11 AMP Cash Fund 15 AMP Fixed Interest Fund 19 AMP International Fixed Interest Fund 23 AMP Australasian Shares Fund 27 AMP International Shares Fund 31 AMP Passive International Shares Fund 35 AMP Property Fund 39 ANZ Conservative Fund ANZ Balanced Growth Fund 43 47 ANZ Growth Fund 51 ASB Moderate Fund ASB Balanced Fund ASB Growth Fund 55 59 63 Fisher Balanced Fund 67 Nikko AM Conservative Fund Nikko AM Balanced Fund 71 75 Nikko AM Growth Fund 79

AMP KiwiSaver Scheme AMP Responsible Investment Balanced Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the AMP Responsible Investment Balanced Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund combines financial analysis with a sustainability focus. Asset allocations are actively managed in line with changing investment environments and conditions, with a responsible investment overlay. Total value of the fund Number of investors in the fund The date the fund started $3,836,302 183 28 July 2016 What are the risks of investing? Risk indicator for the AMP Responsible Investment Balanced Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Higher risk Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 6.99% 7.60% 8.59% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. AMP Responsible Investment Balanced Fund

What fees are investors charged? Investors in the AMP Responsible Investment Balanced Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.36% Which are made up of Total management and administration charges (estimated) 2 1.36% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 1.08% 0.28% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $699.00 (that is 6.99% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $675.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. AMP Responsible Investment Balanced Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 1 15.00% 15.00% 15.00% 35.00% 1 Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Call Account (Westpac Banking Corporation Advance Acct) 7.75% Cash and cash equivalents A1+ 2 Call Account (ANZ 32 Day Constant Maturity Date) 3.21% Cash and cash equivalents A1+ 3 Colonial First State Wholesale EM Fund 2.24% Australia 4 Call Account (Rabobank Advance Account NZD) 1.86% Cash and cash equivalents A1 5 Kiwi Property Group Ltd 1.58% Australasian equities 6 Government bond maturing 15 Apr 27 1.25% fixed interest AA+ 7 ASB Bank Ltd note maturing 22 Dec 17 1.09% Cash and cash equivalents AA 8 Government bond maturing 14 Apr 33 1.08% fixed interest AA+ 9 Government bond maturing 15 Apr 23 0.93% fixed interest AA+ 10 Goodman Property Trust 0.83% Listed property The top 10 investments make up 21.82% of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) aim to hedge foreign currency exposure in line with the following targets: to be 69% gross hedged to the dollar with a range of 0% 139%; Australian equities to be 50% gross hedged to the dollar with a range of 0% 100%; and All other asset classes to be 100% gross hedged to the dollar. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, AMP Responsible Investment Balanced Fund

Further information You can also obtain this information, the PDS for the AMP KiwiSaver Scheme, and some additional information from the offer register at companiesoffice.govt.nz/disclose. The information in this fund update forms part of the PDS for the AMP KiwiSaver Scheme. Notes 1 As the fund started on the date above, actual returns for the last five years are not available. To calculate the risk indicator up to the date of this fund update a combination of market index returns and actual returns have been used. Market index returns have been used up until 31 July 2016 and actual returns up to the date of this fund update to make five years history of returns. We consider this is the most reasonable method available. As a result of this method being used, the risk indicator may provide a less reliable indicator of the potential future volatility of the fund. 2 As the fund started on the date above, historic information for the most recent scheme year is not available. The total fund charges shown include our best estimates of the amount of costs and expenses that will be charged to the fund based on forecasts from both the manager and underlying fund managers. 3 The actual investment mix and top ten investments have been calculated excluding cash and cash equivalents held for operational purposes. AMP Responsible Investment Balanced Fund

AMP KiwiSaver Scheme AMP Global MultiAsset Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the AMP Global MultiAsset Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund is a diversified fund that aims to generate a positive return above inflation and to actively respond to changing market conditions with a flexible approach to investing. Total value of the fund Number of investors in the fund The date the fund started $6,601,921 214 28 July 2016 What are the risks of investing? Risk indicator for the AMP Global MultiAsset Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. Specific risk In addition to the general investment risks, you should be aware that the investment management style of this fund means that it may be concentrated in a particular asset class or type of investment vehicle, geographical area or industry at any point in time. This may subject the fund to significant performance volatility relative to its objectives. If this volatility occurs, the Global MultiAsset Fund may fail to meet its stated performance objective. How has the fund performed? Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 5.11% 5.29% 7.05% The market index annual return is based on the Consumer Price Index (CPI) plus 5.25% p.a.. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. AMP Global MultiAsset Fund

What fees are investors charged? Investors in the AMP Global MultiAsset Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.57% Which are made up of Total management and administration charges (estimated) 2 1.57% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 1.43% 0.14% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $511.00 (that is 5.11% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $487.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. *Other consists of alternative assets (13.32%) AMP Global MultiAsset Fund

Target investment mix 4 This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other** Allocation 5.00% 95.00% **Other consists of alternative assets (95.00%) Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Schroder Real Return Fund 46.26% Other Australia 2 Vinva Australian Equitised LongShort Fund 3.20% Australasian equities Australia 3 Orbis Global Equity LE Fund 2.85% Australia 4 Loomis Sayles Senior Floating Rate Fund 2.50% International fixed interest Australia 5 Vinva Asia Pacific Equity LongShort Fund 2.33% Australia 6 Arrowstreet Capital Global All Country Alpha Extension Fund 2.12% Cayman Islands 7 AQR Delta Offshore Fund 2.02% Cayman Islands 8 AQR Style Premia Trust 1.94% Other Australia 9 Real Diversification Fund 1.84% Other Australia 10 Vanguard FTSE Emerging Markets Fund 1.84% United States The top 10 investments make up 66.90% of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) hedge foreign currency exposure back to dollars. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, AMP Global MultiAsset Fund

Further information You can also obtain this information, the PDS for the AMP KiwiSaver Scheme, and some additional information from the offer register at companiesoffice.govt.nz/disclose. The information in this fund update forms part of the PDS for the AMP KiwiSaver Scheme. Notes 1 As the fund started on the date above, actual returns for the last five years are not available. To calculate the risk indicator we have used forecast volatility of the underlying fund. We consider this is the most reasonable method available. As a result of this method being used, the risk indicator may provide a less reliable indicator of the potential future volatility of the fund. 2 As the fund started on the date above, historic information for the most recent scheme year is not available. The total fund charges shown include our best estimates of the amount of costs and expenses that will be charged to the fund based on forecasts from both the manager and underlying fund managers. 3 The actual investment mix and top ten investments have been calculated excluding cash and cash equivalents held for operational purposes. 4 The Global MultiAsset Fund's target investment mix of 95% "Other" represents the fact that it doesn t have a target asset allocation but operates within broad ranges across asset types. AMP Global MultiAsset Fund

AMP KiwiSaver Scheme AMP Income Generator Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the AMP Income Generator Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund invests in a diversified mix of growth and defensive assets, with a focus on reliable income generation which is reinvested, and aims to provide a positive return on capital over the long term. Total value of the fund Number of investors in the fund The date the fund started $1,679,358 74 28 July 2016 What are the risks of investing? Risk indicator for the AMP Income Generator Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Higher risk Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 3.56% 4.52% 4.72% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. AMP Income Generator Fund

What fees are investors charged? Investors in the AMP Income Generator Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.25% Which are made up of Total management and administration charges (estimated) 2 1.25% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 0.98% 0.27% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $356.00 (that is 3.56% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $332.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. AMP Income Generator Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 1 25.00% 25.00% 3 5.00% 5.00% Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Contact Energy Ltd 1.90% Australasian equities 2 Auckland International Airport 1.73% Australasian equities 3 Spark Ltd 1.64% Australasian equities 4 Fletcher Building Ltd 1.57% Australasian equities 5 Meridian Energy Ltd 1.16% Australasian equities 6 Z Energy Ltd 1.13% Australasian equities 7 Fisher & Paykel Healthcare Corp 1.10% Australasian equities 8 Restaurant Brands 1.08% Australasian equities 9 Kiwi Property Group Ltd 1.04% Australasian equities 10 Scales Corp Ltd 0.98% Australasian equities The top 10 investments make up 13.33% of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) fully hedge foreign currency exposure arising from Listed infrastructure, Listed property asset classes and International fixed interest. The fund will not hedge foreign currency exposure arising from Australian dollar equities. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, AMP Income Generator Fund

Further information You can also obtain this information, the PDS for the AMP KiwiSaver Scheme, and some additional information from the offer register at companiesoffice.govt.nz/disclose. The information in this fund update forms part of the PDS for the AMP KiwiSaver Scheme. Notes 1 As the fund started on the date above, actual returns for the last five years are not available. To calculate the risk indicator up to the date of this fund update a combination of market index returns, underlying fund returns and actual returns have been used. Market index returns have been used up to 1 July 2014 with actual underlying fund returns used for the balance of the period to 31 July 2016 and then followed with actual fund returns up to the date of this fund update to make five years history of returns. We consider this is the most reasonable method available. As a result of this method being used, the risk indicator may provide a less reliable indicator of the potential future volatility of the fund. 2 As the fund started on the date above, historic information for the most recent scheme year is not available. The total fund charges shown include our best estimates of the amount of costs and expenses that will be charged to the fund based on forecasts from both the manager and underlying fund managers. 3 The actual investment mix and top ten investments have been calculated excluding cash and cash equivalents held for operational purposes. AMP Income Generator Fund

AMP KiwiSaver Scheme AMP Cash Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document tells you how the AMP Cash Fund has performed and what fees were charged. The document will help you to compare the fund with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund primarily invests in cash and shortterm deposits. The fund aims to achieve modest, stable returns with a very low level of investment risk, in exchange there will be no significant movements up and down in the value of your investments. Total value of the fund Number of investors in the fund The date the fund started $82,238,081 4,283 1 October 2007 What are the risks of investing? Risk indicator for the AMP Cash Fund: Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. Specific risk In addition to the general investment risks, you should be aware this fund is concentrated in a particular asset class and 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 compared to a fund which is diversified across multiple asset classes. How has the fund performed? Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) Average over past 5 years 1.80% 2.51% 2.82% Past year 1.15% 1.60% 2.06% The market index annual return is based on the Bloomberg NZBond Bank Bill Index. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. AMP Cash Fund

Annual return graph This shows the return after fund charges and tax for each year ending 31 March since the fund started. The last bar shows the average annual return since the fund started, up to 30 September 2017. Important: This does not tell you how the fund will perform in the future. Returns in this update are after tax at the highest prescribed investor rate (PIR) of tax for an individual resident. Your tax may be lower. What fees are investors charged? Investors in the AMP Cash Fund are charged fund charges. In the year to 31 March 2017 these were: % of net asset value Total fund charges 0.85% Which are made up of Total management and administration charges 0.85% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 0.72% 0.13% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $115.00 (that is 1.15% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $91.60 for the year. AMP Cash Fund

What does the fund invest in? Actual investment mix 1 This shows the types of assets that the fund invests in. Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 10 Top 10 investments 1 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Call Account (Westpac Banking Corporation Advance Acct) 28.57% Cash and cash equivalents A1+ 2 Call Account (ANZ 32 Day Constant Maturity Date) 11.87% Cash and cash equivalents A1+ 3 Call Account (Rabobank Advance Account NZD) 6.88% Cash and cash equivalents A1 4 ASB Bank Ltd note maturing 22 Dec 17 4.02% Cash and cash equivalents AA 5 ASB Bank Ltd note maturing 29 Jan 18 2.37% Cash and cash equivalents AA 6 Bank of bond maturing 26 Apr 18 2.19% Cash and cash equivalents A+ 7 Bank of bond maturing 26 Feb 18 2.12% Cash and cash equivalents A+ 8 ASB Bank Ltd note maturing 10 Nov 17 1.67% Cash and cash equivalents AA 9 ANZ Bank Ltd bond maturing 01 Dec 17 1.66% Cash and cash equivalents A+ 10 ASB Bank Ltd note maturing 29 Dec 17 1.54% Cash and cash equivalents AA The top 10 investments make up 62.89% of the fund. AMP Cash Fund

Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, Further information You can also obtain this information, the PDS for the AMP KiwiSaver Scheme, and some additional information from the offer register at companiesoffice.govt.nz/disclose. The information in this fund update forms part of the PDS for the AMP KiwiSaver Scheme. Notes 1 The actual investment mix and top ten investments have been calculated excluding cash and cash equivalents held for operational purposes. AMP Cash Fund

AMP KiwiSaver Scheme AMP Fixed Interest Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the AMP Fixed Interest Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund This is a single sector fund that aims to provide investors with regular income and medium term capital stability by investing into New Zealand fixed interest securities of varying maturities. Total value of the fund Number of investors in the fund The date the fund started $457,998 41 28 July 2016 What are the risks of investing? Risk indicator for the AMP Fixed Interest Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. Specific risk In addition to the general investment risks, you should be aware this fund is concentrated in a particular asset class and 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 compared to a fund which is diversified across multiple asset classes. How has the fund performed? Higher risk Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 0.69% 0.95% 0.26% The market index annual return is based on the Bloomberg NZBond Govt 0+ Yr Index (100% hedged to NZD). Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. AMP Fixed Interest Fund

What fees are investors charged? Investors in the AMP Fixed Interest Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 0.84% Which are made up of Total management and administration charges (estimated) 2 0.84% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 0.73% 0.11% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $69.00 (that is 0.69% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $45.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. AMP Fixed Interest Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 10 Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Government bond maturing 15 Apr 27 10.56% fixed interest AA+ 2 Government bond maturing 14 Apr 33 9.10% fixed interest AA+ 3 Government bond maturing 15 Apr 23 7.87% fixed interest AA+ 4 Government bond maturing 15 May 21 6.96% fixed interest AA+ 5 Government bond maturing 20 Sep 25 2.18% fixed interest AA+ 6 ASB Bank Ltd bond maturing 08 Mar 19 2.10% fixed interest A+ 7 Powerco Ltd bond maturing 25 Feb 20 2.09% fixed interest BBB 8 Government bond maturing 20 Sep 35 2.00% fixed interest AA+ 9 ANZ Bank Ltd bond maturing 05 Sep 19 1.97% fixed interest A+ 10 Westpac Ltd bond maturing 20 Sep 18 1.80% fixed interest A+ The top 10 investments make up 46.63% of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) hedge foreign currency exposure back to dollars. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, AMP Fixed Interest Fund

AMP KiwiSaver Scheme AMP International Fixed Interest Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the AMP International Fixed Interest Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund This is a single sector fund with a diversified portfolio of international fixed interest securities using a combination of specialist investment managers. The multiple manager approach provides exposure to a range of sectors and securities as well as diversification across investment approaches. Total value of the fund Number of investors in the fund The date the fund started $423,375 37 28 July 2016 What are the risks of investing? Risk indicator for the AMP International Fixed Interest Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. Specific risk In addition to the general investment risks, you should be aware this fund is concentrated in a particular asset class and 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 compared to a fund which is diversified across multiple asset classes. How has the fund performed? Higher risk Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 0.02% 0.03% 0.33% The market index annual return is based on 50% Bloomberg Barclays Global Aggregate Index (100% hedged to NZD) and 50% Bloomberg Barclays Global Treasury GDP Weighted Index (100% hedged to NZD). Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. AMP International Fixed Interest Fund

What fees are investors charged? Investors in the AMP International Fixed Interest Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 0.99% Which are made up of Total management and administration charges (estimated) 2 0.99% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 0.83% 0.16% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig incurred a loss after fund charges were deducted of $2.00 (that is 0.02% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total loss after tax of $25.40 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. AMP International Fixed Interest Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 10 Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Call Account (Westpac Banking Corporation Advance Acct) 12.31% Cash and cash equivalents A1+ 2 Call Account (ANZ 32 Day Constant Maturity Date) 5.11% Cash and cash equivalents A1+ 3 Call Account (Rabobank Advance Account NZD) 2.96% Cash and cash equivalents A1 4 Government bond maturing 15 Mar 19 1.95% fixed interest AA+ 5 ASB Bank Ltd note maturing 22 Dec 17 1.73% Cash and cash equivalents AA 6 United States Treasury Note bond maturing 31 Aug 19 1.71% International fixed interest United States AA+ 7 United States Treasury Note bond maturing 15 Aug 24 1.38% International fixed interest United States AA+ 8 Bundesrepublik Deutschland bond maturing 04 Jan 37 1.37% International fixed interest Germany AAA 9 Australian Commonwealth Government bond maturing 15 Mar 19 1.28% International fixed interest Australia AAA 10 Freddie Mac Gold Pool bond maturing 01 Dec 46 1.23% International fixed interest United States AA+ The top 10 investments make up 31.03% of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) hedge foreign currency exposure back to dollars. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, AMP International Fixed Interest Fund

AMP KiwiSaver Scheme AMP Australasian Shares Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the AMP Australasian Shares Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund This is a single sector fund that aims to achieve long term capital growth through exposure to shares of companies located in and Australia. Total value of the fund Number of investors in the fund The date the fund started $781,069 117 28 July 2016 What are the risks of investing? Risk indicator for the AMP Australasian Shares Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. Specific risk In addition to the general investment risks, you should be aware this fund is concentrated in a particular asset class and 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 compared to a fund which is diversified across multiple asset classes. How has the fund performed? Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 8.97% 9.87% 12.34% The market index annual return is based on 67% S&P/NZX 50 Index Gross with Imputation and 33% S&P/ASX300 (TR) (50% hedged to NZD). Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. AMP Australasian Shares Fund

What fees are investors charged? Investors in the AMP Australasian Shares Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.16% Which are made up of Total management and administration charges (estimated) 2 1.16% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 1.03% 0.13% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $897.00 (that is 8.97% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $873.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. AMP Australasian Shares Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 10 Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Fisher & Paykel Healthcare Corp 6.02% Australasian equities 2 Auckland International Airport 4.38% Australasian equities 3 Spark Ltd 4.15% Australasian equities 4 Fletcher Building Ltd 4.02% Australasian equities 5 Contact Energy Ltd 3.58% Australasian equities 6 a2 Milk Co Ltd 3.09% Australasian equities 7 Meridian Energy Ltd 2.70% Australasian equities 8 Commonwealth Bank of Australia 2.47% Australasian equities Australia 9 Westpac Banking Corp 2.16% Australasian equities Australia 10 BHP Billiton Ltd 1.97% Australasian equities Australia The top 10 investments make up 34.54% of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) undertake active currency management whereby the benchmark Australian dollar exposure is 50% hedged back to dollars with a range of 0% 100%. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, AMP Australasian Shares Fund

AMP KiwiSaver Scheme AMP International Shares Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the AMP International Shares Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund This is a single sector fund that aims to achieve long term capital growth through exposure to equities of companies listed on stock exchanges around the world. Total value of the fund Number of investors in the fund The date the fund started $1,137,423 166 28 July 2016 What are the risks of investing? Risk indicator for the AMP International Shares Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. Specific risk In addition to the general investment risks, you should be aware this fund is concentrated in a particular asset class and 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 compared to a fund which is diversified across multiple asset classes. How has the fund performed? Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 16.70% 17.94% 19.57% The market index annual return is based on the MSCI World Index Net (75% hedged to NZD). Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. AMP International Shares Fund

What fees are investors charged? Investors in the AMP International Shares Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.46% Which are made up of Total management and administration charges (estimated) 2 1.46% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 1.03% 0.43% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $1,670.00 (that is 16.70% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $1,646.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. AMP International Shares Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 10 Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Orbis Global Equity LE Fund 9.67% Australia 2 Apple Inc 1.75% United States 3 Henderson Global Equity Multi Strategy Fund 1.45% United States 4 Alphabet Inc 1.28% United States 5 Microsoft Corp 1.18% United States 6 Facebook Inc 0.87% United States 7 Amazon.com Inc 0.83% United States 8 Johnson & Johnson 0.78% United States 9 JPMorgan Chase & Co 0.75% United States 10 Wells Fargo & Co 0.57% United States The top 10 investments make up 19.13% of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) hedge approximately 75% of foreign currency exposure back to dollars with a range of 0% 100%. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, AMP International Shares Fund

AMP KiwiSaver Scheme AMP Passive International Shares Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the AMP Passive International Shares Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund This is a single sector fund that aims to achieve long term capital growth using a passive indextracking style exposure to shares of companies listed on stock exchanges around the world. Total value of the fund Number of investors in the fund The date the fund started $1,115,619 94 28 July 2016 What are the risks of investing? Risk indicator for the AMP Passive International Shares Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. Specific risk In addition to the general investment risks, you should be aware this fund is concentrated in a particular asset class and 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 compared to a fund which is diversified across multiple asset classes. How has the fund performed? Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 16.24% 17.50% 19.57% The market index annual return is based on the MSCI World Index Net (75% hedged to NZD). Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. AMP Passive International Shares Fund

What fees are investors charged? Investors in the AMP Passive International Shares Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 0.92% Which are made up of Total management and administration charges (estimated) 2 0.92% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 0.73% 0.19% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $1,624.00 (that is 16.24% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $1,600.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. AMP Passive International Shares Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 10 Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Apple Inc 2.09% United States 2 Alphabet Inc 1.51% United States 3 Microsoft Corp 1.42% United States 4 Facebook Inc 1.04% United States 5 Amazon.com Inc 1.01% United States 6 Exxon Mobil Corp 0.92% United States 7 Johnson & Johnson 0.91% United States 8 JPMorgan Chase & Co 0.89% United States 9 Nestle SA 0.68% Switzerland 10 Wells Fargo & Co 0.67% United States The top 10 investments make up 11.14% of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) hedge approximately 75% of foreign currency exposure back to dollars with a range of 0% 100%. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, AMP Passive International Shares Fund

AMP KiwiSaver Scheme AMP Property Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the AMP Property Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund This is a single sector fund that aims to achieve long term capital growth through exposure to listed property and other property securities in and around the world. Total value of the fund Number of investors in the fund The date the fund started $1,237,152 145 28 July 2016 What are the risks of investing? Risk indicator for the AMP Property Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. Specific risk In addition to the general investment risks, you should be aware this fund is concentrated in a particular asset class and 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 compared to a fund which is diversified across multiple asset classes. How has the fund performed? Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 1.02% 0.25% 1.24% The market index annual return is based on 40% S&P/ NZX All Real Estate (Industry Group) Gross with Imputation (100% hedged to NZD), 10% S&P/ASX 200 AREIT (Sector) (TR) (100% hedged to NZD) and 50% FTSE EPRA/NAREIT Developed Index Net TRI (100% hedged to NZD). Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. AMP Property Fund

What fees are investors charged? Investors in the AMP Property Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.19% Which are made up of Total management and administration charges (estimated) 2 1.19% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 1.03% 0.16% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig incurred a loss after fund charges were deducted of $102.00 (that is 1.02% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total loss after tax of $125.40 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. AMP Property Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 10 Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Kiwi Property Group Ltd 10.06% Listed property 2 Precinct Properties Ltd 6.37% Listed property 3 Goodman Property Trust 5.35% Listed property 4 Argosy Property Ltd 3.84% Listed property 5 Vital Healthcare Property Trust 3.34% Listed property 6 Simon Property Group Inc 2.81% Listed property United States 7 Scentre Group 2.69% Listed property Australia 8 Stride Property Group 2.65% Listed property 9 Property for Industry Ltd 2.49% Listed property 10 Goodman Group 1.82% Listed property Australia The top 10 investments make up 41.42% of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) hedge foreign currency exposure back to dollars. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, AMP Property Fund

AMP KiwiSaver Scheme ANZ Conservative Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the ANZ Conservative Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund invests mainly in cash and fixed interest assets, with a smaller exposure to share and listed property assets. Total value of the fund Number of investors in the fund The date the fund started $3,026,592 100 28 July 2016 What are the risks of investing? Risk indicator for the ANZ Conservative Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Higher risk Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 2.36% 2.62% 3.06% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. ANZ Conservative Fund

What fees are investors charged? Investors in the ANZ Conservative Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.10% Which are made up of Total management and administration charges (estimated) 2 1.10% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 0.98% 0.12% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $236.00 (that is 2.36% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $212.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. ANZ Conservative Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 2 18.00% 42.00% 5.00% 12.00% 3.00% Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 ANZ Conservative Fund 10 Interest in a diversified fund 2 3 4 5 6 7 8 9 10 The top 10 investments make up 10 of the fund. Currency hedging The Fund will (or will invest in underlying funds that will): fully hedge foreign currency exposure for International fixed interest and Listed property back to dollars; hedge foreign currency exposure arising from Australasian equities with a benchmark of 50% and a range of 0% 100%; and hedge foreign currency exposure arising from with a benchmark of 65% and a range of 0% 100%. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, ANZ Conservative Fund

AMP KiwiSaver Scheme ANZ Balanced Growth Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document tells you how the ANZ Balanced Growth Fund has performed and what fees were charged. The document will help you to compare the fund with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund has a welldiversified portfolio that has the highest portion allocated to growth assets but has a significant portion to lower risk income assets. The fund aims to generate capital growth and mitigate risk by diversifying across different asset categories and markets. Total value of the fund Number of investors in the fund The date the fund started $225,603,239 6,465 1 October 2007 What are the risks of investing? Risk indicator for the ANZ Balanced Growth Fund: Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) Average over past 5 years 8.94% 10.23% 10.43% Past year 7.82% 8.73% 9.25% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. ANZ Balanced Growth Fund

Annual return graph This shows the return after fund charges and tax for each year ending 31 March since the fund started. The last bar shows the average annual return since the fund started, up to 30 September 2017. Important: This does not tell you how the fund will perform in the future. Returns in this update are after tax at the highest prescribed investor rate (PIR) of tax for an individual resident. Your tax may be lower. What fees are investors charged? Investors in the ANZ Balanced Growth Fund are charged fund charges. In the year to 31 March 2017 these were: % of net asset value Total fund charges 1.18% Which are made up of Total management and administration charges 1.18% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 1.07% 0.11% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $782.00 (that is 7.82% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $758.60 for the year. ANZ Balanced Growth Fund

Currency hedging The Fund will (or will invest in underlying funds that will): fully hedge foreign currency exposure for International fixed interest and Listed property back to dollars; hedge foreign currency exposure arising from Australasian equities with a benchmark of 50% and a range of 0% 100%; and hedge foreign currency exposure arising from with a benchmark of 65% and a range of 0% 100%. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, Further information You can also obtain this information, the PDS for the AMP KiwiSaver Scheme, and some additional information from the offer register at companiesoffice.govt.nz/disclose. The information in this fund update forms part of the PDS for the AMP KiwiSaver Scheme. Notes 1 The actual investment mix and top ten investments have been calculated excluding cash and cash equivalents held for operational purposes. ANZ Balanced Growth Fund

AMP KiwiSaver Scheme ANZ Growth Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the ANZ Growth Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund has a welldiversified portfolio that has a high portion allocated to growth assets and a limited portion to lower risk income assets. The fund aims to generate capital growth and mitigate risk by diversifying across different asset categories and markets. Total value of the fund Number of investors in the fund The date the fund started $4,835,429 423 28 July 2016 What are the risks of investing? Risk indicator for the ANZ Growth Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 9.59% 10.70% 11.47% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. ANZ Growth Fund

What fees are investors charged? Investors in the ANZ Growth Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.30% Which are made up of Total management and administration charges (estimated) 2 1.30% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 1.18% 0.12% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $959.00 (that is 9.59% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $935.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. ANZ Growth Fund

AMP KiwiSaver Scheme ASB Moderate Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the ASB Moderate Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund invests in a relatively high proportion of diversified income assets and a lower proportion of diversified growth assets. It uses an index tracking investment management style for assets other than cash. Total value of the fund Number of investors in the fund The date the fund started $814,241 57 28 July 2016 What are the risks of investing? Risk indicator for the ASB Moderate Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Higher risk Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 4.78% 5.30% 6.29% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. ASB Moderate Fund 5

What fees are investors charged? Investors in the ASB Moderate Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.15% Which are made up of Total management and administration charges (estimated) 2 1.15% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 0.93% 0.22% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $478.00 (that is 4.78% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $454.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. ASB Moderate Fund 5

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 1 2 3 17.00% 23.00% Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 ASB Superannuation Master TrustASB Moderate Fund 10 Interest in a diversified fund 2 3 4 5 6 7 8 9 10 The top 10 investments make up 10 of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) fully hedge foreign currency exposure arising from International fixed interest back to dollars; hedge foreign currency exposure arising from Australian equities, (excluding emerging markets) and Listed property with a range of 50% 100%; and not hedge foreign currency exposure arising from of emerging markets. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, ASB Moderate Fund 5

AMP KiwiSaver Scheme ASB Balanced Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the ASB Balanced Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund invests in a relatively high proportion of diversified growth assets and a lower proportion of diversified income assets. It uses an index tracking investment management style for assets other than cash. Total value of the fund Number of investors in the fund The date the fund started $3,422,652 166 28 July 2016 What are the risks of investing? Risk indicator for the ASB Balanced Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Higher risk Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 7.11% 7.85% 8.80% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. ASB Balanced Fund

What fees are investors charged? Investors in the ASB Balanced Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.15% Which are made up of Total management and administration charges (estimated) 2 1.15% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 0.98% 0.17% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $711.00 (that is 7.11% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $687.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. ASB Balanced Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 5.00% 35.00% 26.00% 31.00% 3.00% Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 ASB Superannuation Master TrustASB Balanced Fund 10 Interest in a diversified fund 2 3 4 5 6 7 8 9 10 The top 10 investments make up 10 of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) fully hedge foreign currency exposure arising from International fixed interest back to dollars; hedge foreign currency exposure arising from Australian equities, (excluding emerging markets) and Listed property with a range of 50% 100%; and not hedge foreign currency exposure arising from of emerging markets. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, ASB Balanced Fund

AMP KiwiSaver Scheme ASB Growth Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the ASB Growth Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund invests in a high proportion of diversified growth assets and a limited proportion of diversified income assets. It uses an index tracking investment management style for assets other than cash. Total value of the fund Number of investors in the fund The date the fund started $3,360,528 247 28 July 2016 What are the risks of investing? Risk indicator for the ASB Growth Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 10.04% 10.93% 11.07% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. ASB Growth Fund

What fees are investors charged? Investors in the ASB Growth Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.22% Which are made up of Total management and administration charges (estimated) 2 1.22% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 1.03% 0.19% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $1,004.00 (that is 10.04% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $980.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. ASB Growth Fund

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other Allocation 2.00% 18.00% 36.00% 38.00% 6.00% Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 ASB Superannuation Master TrustASB Growth Fund 10 Interest in a diversified fund 2 3 4 5 6 7 8 9 10 The top 10 investments make up 10 of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) fully hedge foreign currency exposure arising from International fixed interest back to dollars; hedge foreign currency exposure arising from Australian equities, (excluding emerging markets) and Listed property with a range of 50% 100%; and not hedge foreign currency exposure arising from of emerging markets. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, ASB Growth Fund

AMP KiwiSaver Scheme Fisher Balanced Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document tells you how the Fisher Balanced Fund has performed and what fees were charged. The document will help you to compare the fund with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund has a welldiversified portfolio that has a higher allocation to growth assets and a lower allocation to income assets. The fund aims to achieve returns in between those of stable, income producing assets and higher growth but more volatile assets. Total value of the fund Number of investors in the fund The date the fund started $36,787,880 1,545 1 October 2007 What are the risks of investing? Risk indicator for the Fisher Balanced Fund: Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) Average over past 5 years 7.19% 8.31% 9.48% Past year 5.88% 6.65% 7.13% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. Fisher Balanced Fund 67

Annual return graph This shows the return after fund charges and tax for each year ending 31 March since the fund started. The last bar shows the average annual return since the fund started, up to 30 September 2017. Important: This does not tell you how the fund will perform in the future. Returns in this update are after tax at the highest prescribed investor rate (PIR) of tax for an individual resident. Your tax may be lower. What fees are investors charged? Investors in the Fisher Balanced Fund are charged fund charges. In the year to 31 March 2017 these were: % of net asset value Total fund charges 1.37% Which are made up of Total management and administration charges 1.37% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 1.12% 0.25% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $588.00 (that is 5.88% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $564.60 for the year. Fisher Balanced Fund 68

Currency hedging The Fund will (or will invest in underlying funds that will): fully hedge foreign currency exposure arising from International fixed interest back to dollars with a permitted range of 90% to 110%; hedge the foreign currency exposure arising from Australian equities portion of the Australasian equities with a benchmark of 70% hedged back to dollars and a permitted range of 0% to 110%; and hedge the foreign currency exposure arising from with a benchmark of 50% hedged back to dollars and a permitted range of 0% to 110%. Proxy hedging (i.e. using the currency of a country as a proxy for the currency of another country) is also permitted. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, Further information You can also obtain this information, the PDS for the AMP KiwiSaver Scheme, and some additional information from the offer register at companiesoffice.govt.nz/disclose. The information in this fund update forms part of the PDS for the AMP KiwiSaver Scheme. Notes 1 The actual investment mix and top ten investments have been calculated excluding cash and cash equivalents held for operational purposes. Fisher Balanced Fund 70

AMP KiwiSaver Scheme Nikko AM Conservative Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the Nikko AM Conservative Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund aims to minimise the risk of investment loss while optimising investment returns and to preserve the capital value of investing funds over the long term in real terms. Total value of the fund Number of investors in the fund The date the fund started $1,352,764 32 28 July 2016 What are the risks of investing? Risk indicator for the Nikko AM Conservative Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Higher risk Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 3.21% 3.70% 4.07% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. Nikko AM Conservative Fund 7

What fees are investors charged? Investors in the Nikko AM Conservative Fund are charged fund charges. Our estimate of the fund charges as at 30 September 2017 are: % of net asset value Total fund charges (estimated) 2 1.35% Which are made up of Total management and administration charges (estimated) 2 1.35% Including Manager s basic fee Other management and administration charges Total performancebased fees Other charges fee 0.98% 0.37% Dollar amount per investor or description of how charge is calculated $23.40 Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $321.00 (that is 3.21% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $297.60 for the year. What does the fund invest in? Actual investment mix 3 This shows the types of assets that the fund invests in. *Other consists of Alternative equity strategies (5.07%) and Fixed Interest Options (4.98%) Nikko AM Conservative Fund 7

Target investment mix This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other** Allocation 15.00% 3 2 7.50% 12.50% 5.00% 1 **Other consists of Alternative equity strategies (5.00%) and Fixed Interest Options (5.00%) Top 10 investments 3 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Nikko AM Wholesale Conservative Fund 10 Interest in a diversified fund 2 3 4 5 6 7 8 9 10 The top 10 investments make up 10 of the fund. Currency hedging The Fund will (or will invest in underlying funds that will) fully hedge foreign currency exposure arising from International fixed interest and Alternative assets back to dollars. For all other asset classes hedging is at the discretion of the underlying fund manager and may change from time to time. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, Nikko AM Conservative Fund 7

Further information You can also obtain this information, the PDS for the AMP KiwiSaver Scheme, and some additional information from the offer register at companiesoffice.govt.nz/disclose. The information in this fund update forms part of the PDS for the AMP KiwiSaver Scheme. Notes 1 As the fund started on the date above, actual returns for the last five years are not available. To calculate the risk indicator up to the date of this fund update a combination of underlying fund returns and actual fund returns have been used. Underlying fund returns have been used up until 31 July 2016 and actual returns up to the date of this fund update to make five years history of returns. We consider this is the most reasonable method available. As a result of this method being used, the risk indicator may provide a less reliable indicator of the potential future volatility of the fund. 2 As the fund started on the date above, historic information for the most recent scheme year is not available. The total fund charges shown include our best estimates of the amount of costs and expenses that will be charged to the fund based on forecasts from both the manager and underlying fund managers. 3 The actual investment mix and top ten investments have been calculated excluding cash and cash equivalents held for operational purposes. Nikko AM Conservative Fund 7

AMP KiwiSaver Scheme Nikko AM Balanced Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document tells you how the Nikko AM Balanced Fund has performed and what fees were charged. The document will help you to compare the fund with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund has a welldiversified portfolio that has an allocation to growth and income assets and aims to be widely diversified not only between asset classes, but also within asset classes and between domestic and global investments. The fund aims to achieve medium level returns with medium levels of volatility and investment risk. Total value of the fund Number of investors in the fund The date the fund started $43,570,219 1,689 1 October 2007 What are the risks of investing? Risk indicator for the Nikko AM Balanced Fund: Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Higher risk Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) Average over past 5 years 8.72% 10.01% 9.34% Past year 6.57% 7.16% 7.76% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. Nikko AM Balanced Fund 7

Annual return graph This shows the return after fund charges and tax for each year ending 31 March since the fund started. The last bar shows the average annual return since the fund started, up to 30 September 2017. Important: This does not tell you how the fund will perform in the future. Returns in this update are after tax at the highest prescribed investor rate (PIR) of tax for an individual resident. Your tax may be lower. What fees are investors charged? Investors in the Nikko AM Balanced Fund are charged fund charges. In the year to 31 March 2017 these were: % of net asset value Total fund charges (estimated) 1.53%* Which are made up of Total management and administration charges (estimated) 1.53% Including Manager s basic fee Other management and administration charges 1 Total performancebased fees Other charges fee 1.07% 0.46% Dollar amount per investor or description of how charge is calculated $23.40 * Based on an increase in underlying fund manager expenses, the Manager estimates that the total fund charges for the next scheme year will increase to 1.81% of the net asset value. Different administration or member fees may apply to some members. Any different fees will be set out in the Booklet or supplement, if applicable, which you can request from your Adviser. Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the 'fees and other charges' document on the entry relating to the offer of interests in the AMP KiwiSaver Scheme maintained on the offer register (companiesoffice.govt.nz/disclose) for more information about those fees. Small differences in fees and charges can have a big impact on your investment over the long term. Example of how this applies to an investor Craig had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Craig received a return after fund charges were deducted of $657.00 (that is 6.57% of his initial $10,000). Craig also paid $23.40 in other charges. This gives Craig a total return after tax of $633.60 for the year. Nikko AM Balanced Fund 7

What does the fund invest in? Actual investment mix 2 This shows the types of assets that the fund invests in. Target investment mix *Other consists of Alternative equity strategies (9.88%) and Fixed Interest Options (9.76%) This shows the mix of assets that the fund generally intends to invest in. Asset Type Cash and cash equivalents fixed interest International fixed interest Australasian equities Listed property Unlisted property Commodities Other** Allocation 18.00% 1 21.00% 26.00% 5.00% 2 **Other consists of Alternative equity strategies (1) and Fixed Interest Options (1) Top 10 investments 2 Name Percentage of fund net assets Asset Type Country Credit rating (if applicable) 1 Nikko AM Wholesale Balanced Fund 10 Interest in a diversified fund 2 3 4 5 6 7 8 9 10 The top 10 investments make up 10 of the fund. Nikko AM Balanced Fund 7

Currency hedging The Fund will (or will invest in underlying funds that will) fully hedge foreign currency exposure arising from International fixed interest and Alternative assets back to dollars. For all other asset classes hedging is at the discretion of the underlying fund manager and may change from time to time. Key personnel This shows the directors and employees who have the most influence on the investment decisions of the fund. Name Current Time in current Other current Time in other current Elaine Jennifer Campbell 2 months General Counsel, 5 months Simon John Hoole 8 months Chief Financial Officer, 3 years and Therese Mary Singleton 8 months General Manager, Advice & Sales, Blair Robert Vernon 6 years and 3 months Managing Director, Further information You can also obtain this information, the PDS for the AMP KiwiSaver Scheme, and some additional information from the offer register at companiesoffice.govt.nz/disclose. The information in this fund update forms part of the PDS for the AMP KiwiSaver Scheme. Notes 1 Other management and administration charges include charges by underlying fund managers who are not subject to law and are unable to provide us with actual figures. In these circumstances, AMP Wealth Management Limited (AMP) is not able to verify that these charges have been calculated in accordance with the requirements of law. Therefore, an estimate has been prepared on the basis of the information provided, after AMP has made reasonable endeavours to obtain all relevant information for the purposes of preparing the fund update. Estimates include actual underlying funds costs and expenses provided to AMP for the period to 31 March 2017 and a component which is based on estimated costs and expenses provided by an underlying fund manager for the year ending 31 December 2016. These are then applied to the average investment in the fund for the 12 month period ending 31 March 2017. 2 The actual investment mix and top ten investments have been calculated excluding cash and cash equivalents held for operational purposes. Nikko AM Balanced Fund 7

AMP KiwiSaver Scheme Nikko AM Growth Fund Fund Update for the quarter ended 30 September 2017 This fund update was first made publicly available on 30 October 2017 What is the purpose of this update? This document gives you information about the Nikko AM Growth Fund, including its target investment mix and what fees are charged. The document will help you to compare the funds with other funds. AMP Wealth Management Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated. Description of this fund The fund aims to provide investors with a portfolio of predominantly growth assets to deliver growth in capital value over the long term. Total value of the fund Number of investors in the fund The date the fund started $2,723,287 250 28 July 2016 What are the risks of investing? Risk indicator for the Nikko AM Growth Fund 1 : Potentially lower returns Potentially higher returns 1 2 3 4 5 6 7 Lower risk Higher risk The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund s assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at today.amp.co.nz/riskprofilecalculator. Note that even the lowest category does not mean a riskfree investment, and there are other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund s future performance. The risk indicator is based on the returns data for the past 5 years. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates. See the product disclosure statement (PDS) for more information about the risks associated with investing in this fund. How has the fund performed? Past year Annual return (after deductions for charges and tax) Annual return (after deductions for charges but before tax) Market index annual return (reflects no deduction for charges and tax) 8.76% 9.50% 9.44% The market index annual return is based on a composite index, calculated using the target investment mix weightings of the underlying market indices that the fund invests into. Additional information about the market index is available on the offer register at companiesoffice.govt.nz/disclose. Index disclaimers can be found on the AMP website at amp.co.nz/indexdisclaimers. Nikko AM Growth Fund

AMP KiwiSaver Scheme. Fund Update Booklet. 8 February 2018