Macquarie Income Generator Fund

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Fund type: Balanced fund

Past Returns: 6.34%

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

Annual Fees: 1.1%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Atmos Energy Corp 0.29%
BHP Group Ltd 0.62%
Cheniere Energy Inc 0.22%
Coca-Cola Co/The - 01/06/2030 0.02%
Enbridge Inc 0.81%
Genesis Energy Ltd 0.44%
Genesis Energy Ltd - 18/03/2022 0.09%
Genesis Energy Ltd - 20/07/2022 0.30%
Gibson Energy Inc 0.47%
Origin Energy Ltd 0.18%
Pembina Pipeline Corp 0.27%
Plains Gp Holdings Lp 0.36%
South32 Ltd 0.07%
Targa Resources Corp 0.12%
Tc Energy Corp 0.51%
Williams Cos Inc/The 0.53%
Woodside Petroleum Ltd 0.43%

Gambling

Redcape Hotel Group 0.10%
Skycity Entertainment Group Ltd 0.73%
The Star Entertainment Group Limited 0.17%
Vici Properties Inc 0.10%

Alcohol

Endeavour Group Ltd/Australia 0.05%
Metcash Ltd 0.10%
Treasury Wine Estates Ltd 0.06%

Palm Oil

Human Rights & Environmental Violations

BHP Group Ltd 0.62%
Johnson & Johnson - 03/03/2037 0.01%
Nestle Finance International Ltd - 02/11/2037 0.01%
Rio Tinto Ltd 0.15%

Animal Testing

Argentum Netherlands Bv For Zurich Insurance Co Ltd - 01/10/2046 0.02%
Coca-Cola Co/The - 01/06/2030 0.02%
Dow Chemical Co/The - 15/11/2042 0.01%
Dupont De Nemours Inc - 15/11/2028 0.02%
General Mills Inc - 17/10/2023 0.01%
Glaxosmithkline Capital PLC - 12/05/2035 0.02%
Johnson & Johnson - 03/03/2037 0.01%
Kimberly-Clark Corp - 01/11/2028 0.01%
Koninklijke Dsm Nv - 23/06/2032 0.02%
Nestle Finance International Ltd - 02/11/2037 0.01%
Nutrien Ltd - 01/04/2049 0.01%
Pepsico Inc - 15/10/2027 0.02%
Procter & Gamble Co/The - 25/03/2040 0.01%
Unilever Finance Netherlands Bv - 12/02/2027 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2021 16.64% 16.23%
2020 -1.20% -4.37%
2019 5.69% 7.15%
2018 5.19% 3.08%

The market average is the average 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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 25
    New Zealand NZ Fixed Interest AA+
    5.96%
  • New Zealand Government Inflation Linked Bond - Maturing 20 Sep 40
    New Zealand NZ Fixed Interest AA+
    3.85%
  • Fisher & Paykel Healthcare Corp Ltd
    New Zealand Australasian Equities
    3.0%
  • Ishares Mbs ETF
    United States Int Fixed Interest
    2.6%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities A-
    1.88%
  • Mainfreight Ltd
    New Zealand Australasian Equities
    1.52%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.33%
  • Fletcher Building Ltd
    New Zealand Australasian Equities
    1.31%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities A-
    1.13%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    1.1%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 2.14%
New Zealand Fixed Interest 25.0% 22.42%
International Fixed Interest 25.0% 22.04%
Australasian Equities 30.0% 34.05%
International Equities 5.0% 10.26%
Listed Properties 5.0% 9.09%
Unlisted Properties 0.0% 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 Fri Dec. 31st 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.22%
  • Animal Testing:
    0.25%
  • Fossil Fuels:
    5.71%
  • Gambling:
    1.10%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.80%
  • Palm Oil:
    0.01%
  • 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 Thu Sept. 30th 2021 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, Sustainalytics and research organisations.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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."

Value $3.9M NZD
Period of data report Fri Dec. 31st 2021
Members 164
Fund started Thu July 28th 2016
Total annual fund fees 1.1%
Total performance based fees 0.0%
Manager's basic fee 0.98%
Other management and administration charges 0.12%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (2 years, 9 months)
Previously: General Counsel AMP Wealth Management New Zealand (3 years, 7 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (2 years, 9 months)
Previously: Chief Client Officer AMP Wealth Management New Zealand (2 years, 9 months)

Blair Robert Vernon

Currently: Investment Committee Member (10 years, 6 months)
Previously: Chief Executive AMP Wealth Management New Zealand (3 years, 0 months)

Mark David Ennis

Currently: Investment Committee Member (1 years, 5 months)
Previously: Managing Director AdviceFirst Limited (1 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.