AMP Capital NZ Short Duration Fund

Fund overview

The NZ Short Duration Fund (this Fund was formerly called the "AMP Capital NZ Enhanced Yield Fund") aims to deliver a consistently good income using a combination of
interest rate and investment grade credit strategies. It targets a shorter average duration (and maturity) than traditional fixed income funds and its risk/return profile should place it between a cash portfolio and a standard fixed income portfolio.

Key features

• The use of fixed interest risk management tools means the Fund’s capital value is not as sensitive to changes in market interest rates as traditional longer term fixed income portfolios.
• The Fund specifically targets credit risk and interest rate risk as a source of return.

Please note a memorandum of amendments to the AMP Capital Investment Funds prospectus was registered on 1 December 2011, a copy of which can be found on the Companies Office website.

Fund Facts as at 2 December 2011

Code	AIF Y
Type of fund	Unit Trust. This fund is a Portfolio Investment Entity (PIE).
Performance objective	The objective of the NZ Short Duration Fund is to provide a Gross Return of 1% above the return of the ANZ Short End Swap Index on a rolling three year basis.
Investment approach	The NZ Short Duration Fund aims to give investors exposure to fixed interest securities, including corporate debt, mortgage and asset-backed securities, infrastructure debt, government bonds, credit default swaps, interest rate swaps, cash and cash-like securities.
FUM	$37.3 million
Inception date	29 June 2007
Minimum suggested timeframe	Medium term (minimum three years)
Risk profile	Medium
Distribution frequency	Six monthly (March and September)
Benchmark	ANZ Short End Swap Index
Access	Direct with AMP Capital, AMP WealthView, Aegis, FNZ, OneAnswer

Unit Prices

For more information on how AMP Capital can help you, please speak to your Financial Adviser or call us on 0800 400 499.

Product Name	Product Code	Entry Price	Exit Price	Base Price	Effective Date
AMP Capital NZ Short Duration Fund	AIF Y	1.18321	1.18085	1.18203	2/02/2012

View the historical unit prices for this Fund.

Important: The unit prices displayed in this section are indicative only.

Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices. During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section.

Neither AMP Capital Investors nor any company within the AMP Group makes any representation or warranty as to the reliability, completeness or accuracy of the unit price information or accepts any responsibility arising in any way (including by reason of negligence) for errors in or omissions from the unit price information. The information in this section is not an offer or recommendation of securities or other financial products offered by the AMP Group and is not an invitation to take up securities or other financial products. Investors should consider the relevant Investment Statement available from AMP Capital Investors for the relevant fund before making any decision regarding the product. If unit prices are not available for today then the latest available prices will be displayed. Unit prices are not calculated on weekends or public holidays.

Performance

AMP Capital Investors is a manager of a wide range of products suitable to a variety of investors including superannuation schemes, charities, corporates and individuals. Should you require any further information, please contact us on 0800 400 499 or email clientservicecentre@ampcapital.co.nz.

Our fund performance figures are shown before tax, before fees and assume that income is reinvested.

View information on entry fees, exit fees and distributions.

NZ FIXED INTEREST	Product returns (%) as at 30 Dec 2011
Investment Sector	3 Mths	1 Year	3 Year	5 Year	Download	Download
AMP Capital NZ Short Duration Fund (AIF Y)	0.75	5.51	6.08	n/a	Investment Statement	Fact Sheet

Neither AMP Capital Investors (New Zealand) Limited , nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return. Past performance is not a reliable indicator of future performance. Every effort has been made to ensure the accuracy of this information, however, AMP Capital (New Zealand) Limited nor any other company in the AMP Group gives any warranty of reliability, or accuracy, nor accepts any responsibility arising in any way from errors or omissions.

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