AMP Income Generator Fund

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Not Mindful
Type: Balanced fund
Past Returns: 1.95%

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

Annual Fees: 1.13%

Annual fees, including any membership and % management 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

Agl Energy Ltd 0.07%
Aker BP Asa - 15/01/2030 0.09%
Apa Group 0.14%
Apt Pipelines Ltd - 22/03/2030 0.14%
BHP Group Ltd 0.55%
BP Capital Markets America Inc - 04/05/2026 0.11%
BP Capital Markets PLC - 03/07/2026 0.14%
BP Capital Markets PLC - 16/02/2027 0.08%
Caltex Australia Ltd 0.08%
Cheniere Energy Inc 0.09%
Cimarex Energy Co - 15/03/2029 0.06%
Cimarex Energy Co - 15/05/2027 0.06%
Concho Resources Inc - 15/08/2048 0.09%
Diamondback Energy Inc - 01/12/2026 0.11%
Enbridge Inc 0.70%
Evergy Inc 0.08%
Gibson Energy Inc 0.32%
Kinder Morgan Inc/De 0.33%
Lyb International Finance Iii - 15/10/2049 0.03%
Marathon Petroleum Corp - 01/04/2048 0.03%
Occidental Petroleum Corp - 15/08/2029 0.03%
Origin Energy Ltd 0.11%
Pembina Pipeline Corp 0.10%
Plains Gp Holdings Lp 0.15%
Santos Finance Ltd - 14/09/2027 0.14%
Shell International Finance Bv - 07/11/2049 0.07%
South32 Ltd 0.07%
Total SA - 02/12/2022 0.04%
Total SA - 18/05/2022 0.03%
Viva Energy Group Ltd 0.11%
Williams Cos Inc/The 0.49%
Williams Cos Inc/The - 15/09/2045 0.03%
Woodside Petroleum Ltd 0.24%

Gambling

Skycity Entertainment Group Lt 0.19%
Tabcorp Holdings Ltd 0.01%
The Star Entertainment Group L 0.10%

GMOs

Dupont De Nemours Inc - 15/11/2048 0.06%
Vilmorin & Cie SA - 26/05/2021 0.07%

Human Rights & Environmental Violations

BHP Group Ltd 0.55%
Rio Tinto Ltd 0.10%
Sempra Energy 0.56%
Sempra Energy - 01/02/2023 0.13%
Shell International Finance Bv - 07/11/2049 0.07%

Animal Testing

Bayer US Finance Ii Llc - 15/12/2028 0.120%
Coca-Cola Femsa Sab De Cv - 22/01/2030 0.140%
Shell International Finance Bv - 07/11/2049 0.070%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 2020 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.

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
2020 -1.89% -4.37%
2019 5.68% 7.15%
2018 5.63% 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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare Corp
    New Zealand Australasian Equities
    4.18%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities
    3.43%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    2.61%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.57%
  • Auckland International Airport
    New Zealand Australasian Equities
    1.34%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.2%
  • Tower Ltd
    New Zealand Australasian Equities
    1.15%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.13%
  • Investore Property Ltd
    New Zealand Listed Property
    1.04%
  • Ebos Group Ltd
    New Zealand Australasian Equities
    0.96%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 2.92%
New Zealand Fixed Interest 25.0% 22.97%
International Fixed Interest 25.0% 22.91%
Australasian Equities 30.0% 34.42%
International Equities 5.0% 9.04%
Listed Properties 5.0% 7.74%
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 Tue June 30th 2020.

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.32%
  • Fossil Fuels:
    4.89%
  • Gambling:
    0.29%
  • GMOs:
    0.13%
  • Human Rights & Environmental Violations:
    1.40%
  • 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 Tue March 31st 2020 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.

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 $4.7M NZD
Period of data report Tue June 30th 2020
Members 183
Fund started Thu July 28th 2016
Total annual fund fees 1.13%
Total performance based fees 0.0%
Manager's basic fee 0.99%
Administration charges 0.14%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (1 years, 3 months)
Previously: General Counsel, AMP Wealth Management New Zealand (2 years, 1 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (1 years, 3 months)
Previously: Chief Client Officer, AMP Wealth Management New Zealand (1 years, 3 months)

Blair Robert Vernon

Currently: Investment Committee Member (9 years, 0 months)
Previously: Chief Executive, AMP Wealth Management New Zealand (1 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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.