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AMP Capital Equity Income Generator

Select how you would like to invest

Do you want to maximise your after-tax income in retirement?

We understand that one of the biggest concerns facing many retirees, and people entering retirement, is how they replace their salary when they stop work. And for many of these investors, they will also be concerned that they may outlive their money.

For investors who need to rely on an income stream to fund their living expenses, it’s important they consider products that not only provide a regular and reliable income, but that also provide enough capital growth to allow that income to grow with the cost of living.

"We're here to help investors meet their objectives. For many, this is about income and inflation protection."
Michael Price, Head of Australian Equities

Lonsec Research Recommended
Zenith Recommended Rating

A fund built with these goals in mind

Aims to provide a regular and reliable income

Aims to provide a regular and reliable income

Aims to provide an income stream of around 6-8% per annum (before fees) over the long-term. We aim to provide a portfolio that has lower volatility than the broader market. We do this by aiming to invest in high yielding equities which exhibit lower than average risk characteristics.
Aims to mitigate against increases in the cost of living

Aims to mitigate against increases in the cost of living

The fund invests in stocks which we expect will maintain or grow their dividends over time. As your capital is growing to offset increasing inflation, this means the income of 6-8% per annum should also grow in line with the cost of living.
Line of sight on your income

Line of sight on your income

The estimated monthly distribution rate is announced six months in advance, providing investors with an indication of the expected income. 1
Focus on tax-effectiveness

Focus on tax-effectiveness

The Fund is suitable for investors on a low marginal tax rate, such as retirees.

How do we provide regular income plus capital growth?

We analyse and invest in companies that we expect to maintain or grow their dividends over time. We don’t just invest in shares with high dividends as we don’t believe this is a wise long term strategy. Strategies are employed to maximise dividend income from the portfolio we invest in.

How does the fund fit into your portfolio?

Investors in retirement have very distinct goals and these can be categorised into essential needs, lifestyle wants and legacy. This fund fits within the essential needs part of a portfolio which covers fundamental items such food, transport and housing.

As the Fund aims to maximise after-tax income, this means it is well suited for investors who are looking for an investment solution that covers essential needs such as paying for living expenses. It can be used:

Find out how Equity Income Generator can form part of a goals-based investment portfolio - Read more

What are the key risks associated with the fund?

Fund facts

APIR code AMP1931AU
Investment objective The AMP Capital Equity Income Generator aims to provide a dividend income stream that exceeds that of the S&P/ASX 200 Accumulation Index and is expected to grow over the longer term.
Minimum suggested timeframe 5 years
Distribution frequency Monthly
Inception date 12 December 2013
Minimum investment A$ 10,000 - Personal Investor/Off-platform Class H
Risk level (1 - 7) 6. High
Benchmark S&P/ASX 200 Accumulation Index
Status Open
Investment objective The AMP Capital Equity Income Generator aims to provide a dividend income stream that exceeds that of the S&P/ASX 200 Accumulation Index and is expected to grow over the longer term.
Minimum suggested timeframe 5 years
Distribution frequency Monthly
Minimum investment A$ 10,000 - R unit class
Risk level (1 - 7) 6. High
Benchmark S&P/ASX 200 Accumulation Index

The Fund's risk level is based on the estimated number of negative annual returns for the Fund over any 20 year period and is not a complete assessment of the risks of investing in the Fund. For instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the Fund, you should read the Fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment time frame. Information about the methodology used for calculating the risk level is available here.

How to invest

2
Getting started online

Supporting material
3
Complete the application

Apply online
or
Download form
and
Complete identification requirements*

* New customers only


2
View a list of online brokers

Visit the ASX
3
Make note of the ASX mFund code in order to invest on the ASX site

ACA01

[1] Distributions for AMP Capital Australian Income Fund are preannounced six months in advance. It is important to note that the final annualised distribution yield will not be known until the end of the financial year, that the distribution yield estimate is not guaranteed, and that it may change due to market conditions.

The Lonsec Rating (assigned June 2016) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Rating is a “class service” (as defined in the Financial Advisers Act 2008 (NZ)) or is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). In New Zealand it must only be provided to “wholesale clients” (as defined in the Financial Advisers Act 2008 (NZ)). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold AMP Capital product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: www.beyond.lonsec.com.au/intelligence/lonsec-ratings

The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned June 2016) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners. com.au/RegulatoryGuidelines

AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM) is the responsible entity of the AMP Capital Australian Equity Income Fund, known as the AMP Capital Equity Income Generator (Fund) and the issuer of the units in the Fund. To invest in the Fund, investors will need to obtain the current Product Disclosure Statement (PDS) from AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232 497) (AMP Capital). The PDS contains important information about investing in the Fund and it is important that investors read the PDS before making a decision about whether to acquire, or continue to hold or dispose of units in the Fund. Neither AMP Capital, AMPCFM 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 referred to in this information. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this information, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of this information, and seek professional advice, having regard to their objectives, financial situation and needs.

 

About the PDS:

You will find the following offer documents for this fund:

  • PDS
  • Incorporated information (the information incorporated by reference in the PDS, and which forms part of the PDS)

Before making a decision about investing or reinvesting, you should read both documents. These documents can also be obtained by contacting us on 1800 188 013.