AMP Income Generator Fund

In their own words: "The fund invests in an underlying fund that invests in a diversified mix of growth and defensive assets, with a focus on reliable income generation. The fund aims to provide a gross fixed monthly income in excess of bank deposit rates, along with a positive return on capital over the long term."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: *5.12%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.13%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND610
Name AMP Income Generator Fund
Risk profile Balanced fund
Description The fund invests in an underlying fund that invests in a diversified mix of growth and defensive assets, with a focus on reliable income generation. The fund aims to provide a gross fixed monthly income in excess of bank deposit rates, along with a positive return on capital over the long term.
Value $3.6M NZD
Members 148
Market index description A composite index is 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.
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Thu July 28th 2016
Three-year average return *5.12%
Market index past year return 11.66%
Past year return net charges and tax 9.85%
Past year return net of charges gross of tax 11.55%
Market index return since fund started 7.45%
Return since fund started net 5.81%
Total annual fund fees 1.13%
Total performance based fees 0.0%
Manager's basic fee 0.97%
Administration charges 0.16%
Total other charges 23.4
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 5.68% 7.15%
2018 5.63% 3.08%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Spark New Zealand Ltd
    New Zealand Australasian Equities N/A
    2.91%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities N/A
    2.52%
  • Contact Energy Ltd
    New Zealand Australasian Equities N/A
    1.9%
  • Fisher & Paykel Healthcare Corp
    New Zealand Australasian Equities N/A
    1.78%
  • Meridian Energy Ltd
    New Zealand Australasian Equities N/A
    1.58%
  • Call Account (Westpac Banking Corporation Advance Acct)
    New Zealand Cash and Equivalents AA
    1.26%
  • Auckland International Airport
    New Zealand Australasian Equities N/A
    1.12%
  • Goodman Property Trust
    New Zealand Listed Property N/A
    1.06%
  • Kiwi Property Group Ltd
    New Zealand Australasian Equities N/A
    0.98%
  • Mercury NZ Ltd
    New Zealand Australasian Equities
    0.89%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 3.99%
New Zealand Fixed Interest 25.0% 18.51%
International Fixed Interest 25.0% 24.26%
Australasian Equities 30.0% 33.99%
International Equities 5.0% 10.16%
Listed Properties 5.0% 9.09%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Blair Robert Vernon

    Currently: Investment Committee Member (8 years, 3 months)
    Previously: Chief Executive, AMP Wealth Management New Zealand (0 years, 9 months)

  • Jeffery Darren Ruscoe

    Currently: Investment Committee Member (0 years, 6 months)
    Previously: Chief Client Officer, AMP Wealth Management New Zealand (0 years, 6 months)

  • Timothy Pritchard

    Currently: Investment Committee Member (0 years, 6 months)
    Previously: General Counsel, AMP Wealth Management New Zealand (1 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.44%
  • Fossil Fuels:
    5.84%
  • Gambling:
    0.61%
  • GMOs:
    0.20%
  • Human Rights & Environmental Violations:
    1.37%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

Enbridge Inc 0.89%
Kinder Morgan Inc/De 0.56%
BHP Group Ltd 0.56%
Gibson Energy Inc 0.44%
Woodside Petroleum Ltd 0.42%
Semgroup Corp 0.26%
Plains Gp Holdings Lp 0.26%
Apa Group 0.23%
Pembina Pipeline Corp 0.18%
Origin Energy Ltd 0.16%
Viva Energy Group Ltd 0.16%
Santos Finance Ltd - 14/09/2027 0.14%
Apt Pipelines Ltd - 22/03/2030 0.13%
Bp Capital Markets Plc - 03/07/2026 0.13%
Koninklijke Vopak Nv 0.12%
Occidental Petroleum Corp - 15/08/2029 0.11%
Concho Resources Inc - 15/08/2048 0.10%
Bp Capital Markets America Inc - 04/05/2026 0.09%
South32 Ltd 0.09%
Conocophillips Co - 15/03/2026 0.09%
Caltex Australia Ltd 0.08%
Cimarex Energy Co - 15/05/2027 0.08%
Cimarex Energy Co - 15/03/2029 0.07%
Bp Capital Markets Plc - 16/02/2027 0.07%
Mplx Lp - 01/12/2047 0.06%
Shell International Finance Bv - 11/05/2045 0.06%
Cheniere Energy Inc 0.06%
Abu Dhabi National Energy Co P - 22/06/2026 0.05%
Mplx Lp - 01/03/2027 0.04%
Marathon Petroleum Corp - 01/04/2048 0.03%
Total Sa - 02/12/2022 0.03%
Total Sa - 18/05/2022 0.03%
Kinder Morgan Inc/De - 01/06/2045 0.03%
Lyb International Finance Iii - 15/10/2049 0.02%

Gambling

Skycity Entertainment Group Lt 0.34%
The Star Entertainment Group L 0.18%
Tabcorp Holdings Ltd 0.09%

GMOs

Novartis Capital Corp - 06/05/2044 0.14%
Vilmorin & Cie Sa - 26/05/2021 0.05%

Human Rights & Environmental Violations

Sempra Energy 0.65%
BHP Group Ltd 0.56%
Sempra Energy - 01/02/2023 0.11%
Shell International Finance Bv - 11/05/2045 0.06%

Animal Testing

Newell Brands Inc - 01/04/2026 0.150%
Bayer US Finance Ii Llc - 15/12/2028 0.100%
Walgreens Boots Alliance Inc - 01/06/2026 0.080%
Shell International Finance Bv - 11/05/2045 0.060%
Kraft Heinz Foods Co - 01/04/2030 0.030%
Newell Brands Inc - 01/04/2023 0.010%

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.