AMP Capital Income Generator Fund

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Not Mindful
Type: Balanced fund
Past Returns: 2.22%

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

Annual Fees: 0.88%

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 0.05%
Apa Group 0.12%
Apt Pipelines Ltd - 22/03/2030 0.12%
Atmos Energy Corp 0.27%
BHP Group Ltd 0.60%
BP Capital Markets PLC - 03/07/2026 0.11%
BP Capital Markets PLC - 16/02/2027 0.06%
BP Capital Markets PLC - 22/06/2030 0.05%
BP Capital Markets PLC - 22/09/2025 0.05%
Canadian National Railway Co - 01/05/2050 0.02%
Cheniere Energy Inc 0.10%
Cimarex Energy Co - 15/03/2029 0.02%
Cimarex Energy Co - 15/05/2027 0.07%
Ck Hutchison Finance 16 Ii Ltd - 03/10/2024 0.05%
Coca-Cola Amatil Ltd 0.07%
Concho Resources Inc - 15/08/2048 0.03%
Diamondback Energy Inc - 01/12/2026 0.11%
Edp - Energias De Portugal SA - 20/07/2080 0.03%
Enbridge Inc 0.65%
Genesis Energy Ltd - 18/03/2022 0.07%
Genesis Energy Ltd - 20/07/2022 0.24%
Gibson Energy Inc 0.39%
Ie2 Holdco Sau - 01/06/2026 0.09%
Kinder Morgan Inc 0.21%
Lyb International Finance Iii - 01/05/2050 0.02%
Midamerican Energy Co - 15/04/2029 0.26%
Occidental Petroleum Corp - 15/08/2029 0.03%
Origin Energy Ltd 0.09%
Pembina Pipeline Corp 0.11%
Phillips 66 - 15/12/2030 0.04%
Pinnacle West Capital Corp 0.19%
Plains Gp Holdings Lp 0.25%
Rio Tinto Ltd 0.10%
Santos Finance Ltd - 14/09/2027 0.12%
Shell International Finance Bv - 07/11/2049 0.05%
Sigma Finance Netherlands Bv - 27/03/2028 0.03%
South32 Ltd 0.06%
Tc Energy Corp 0.37%
Total Se - 02/12/2022 0.03%
Total Se - 18/05/2022 0.03%
Viva Energy Group Ltd 0.11%
Williams Cos Inc/The 0.50%
Williams Cos Inc/The - 15/09/2045 0.02%
Wintershall Dea Finance Bv - 25/09/2028 0.12%
Woodside Petroleum Ltd 0.21%

Gambling

Skycity Entertainment Group Lt 0.59%
Tabcorp Holdings Ltd 0.08%
The Star Entertainment Group L 0.12%
Vici Properties Inc 0.08%

Alcohol

Coca-Cola Amatil Ltd 0.07%

Human Rights & Environmental Violations

BHP Group Ltd 0.60%
Rio Tinto Ltd 0.10%
Sempra Energy 0.58%
Shell International Finance Bv - 07/11/2049 0.05%

Animal Testing

Air Products and Chemicals Inc - 15/05/2030 0.060%
Bayer AG - 06/07/2032 0.070%
Coca-Cola Amatil Ltd 0.070%
Dupont De Nemours Inc - 15/11/2038 0.040%
General Mills Inc - 15/04/2030 0.080%
Lyb International Finance Iii - 01/05/2050 0.020%
Mondelez International Inc - 13/04/2030 0.110%
Shell International Finance Bv - 07/11/2049 0.050%
Sherwin-Williams Co/The - 15/05/2030 0.060%
Sherwin-Williams Co/The - 15/05/2050 0.020%
Sherwin-Williams Co/The - 15/08/2029 0.030%

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

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
2020 -2.86% -3.82%
2019 4.44% 7.28%
2018 4.90% 3.19%
2017 5.60% 4.88%
2016 3.06% 4.46%

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 fund has filed with Disclose register to Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • New Zealand Government Inflation Linked Bond Maturing 20 Sep 40
    New Zealand NZ Fixed Interest AA+
    5.7%
  • Fisher & Paykel Healthcare Corp
    New Zealand Australasian Equities
    3.88%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities
    2.53%
  • A2 Milk Co Ltd
    New Zealand Australasian Equities
    2.45%
  • New Zealand Government Inflation Linked Bond Maturing 20 Sep 25
    New Zealand NZ Fixed Interest AA+
    2.37%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.3%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    1.3%
  • Auckland International Airport
    New Zealand Australasian Equities
    1.15%
  • Infratil Ltd
    New Zealand Australasian Equities
    1.08%
  • Tower Ltd
    New Zealand Australasian Equities
    1.02%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 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% 2.36%
New Zealand Fixed Interest 25.0% 23.22%
International Fixed Interest 25.0% 22.93%
Australasian Equities 30.0% 34.7%
International Equities 5.0% 8.68%
Listed Properties 5.0% 8.11%
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 fund has filed with Disclose register to Wed Sept. 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:
    0.07%
  • Animal Testing:
    0.59%
  • Fossil Fuels:
    6.30%
  • Gambling:
    0.88%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.33%
  • 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 fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics 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 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 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. To achieve this the fund invests in a diversified mix of growth and defensive assets with a focus on reliable income generation. Environmental Social and Governance characteristics are integrated into the underlying investment managers' investment processes.The performance objective is to maximise the amount of the monthly distribution payments by outperforming over the medium term the weighted average return of the market indices used to measure performance of the underlying funds/assets in which the fund invests.For the period from 30 April to to 31 October 2020 the fund will pay a fixed distribution of 0.39 cents per unit per month."

Value $150M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Mon June 30th 2014
Total annual fund fees 0.88%
Total performance based fees 0.0%
Manager's basic fee 0.8%
Administration charges 0.08%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Bevan Graham

Currently: NZ Managing Director and Chief Economist AMP Capital Investors (New Zealand) Limited (1 years, 9 months)
Previously: NZ Chief Economist AMP Capital Investors (New Zealand) Limited (7 years, 3 months)

Rebekah Swan

Currently: ESG Investment Specialist NZ and Head of Product AMP Capital Investors (New Zealand) Limited (1 years, 6 months)
Previously: Head of Distribution AMP Capital Investors (New Zealand) Limited (3 years, 6 months)

Daniel Mead

Currently: Investment Research Manager AMP Capital Investors (New Zealand) Limited (8 years, 11 months)
Previously: Investment Manager AXA Global Investors (1 years, 1 months)

Greg Fleming

Currently: Head of Investment Strategy AMP Capital Investors (New Zealand) Limited (4 years, 1 months)
Previously: Research Strategist Wealth Management First New Zealand Capital Securities Limited (1 years, 3 months)

Vicky Hyde-Smith

Currently: Head of Fixed Income AMP Capital Investors (New Zealand) Limited (3 years, 7 months)
Previously: Co-Head of Fixed Income AMP Capital Investors (New Zealand) Limited (0 years, 10 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 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.