Nikko AM KiwiSaver Scheme
Nikko AM Balanced Fund
In their own words: "The Balanced Fund’s strategy is to invest across a range of actively managed funds to create a diversified portfolio with a balanced mix of lower and higher risk assets."
At a glance:
Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee, assuming $10,000 investment.
A summary of this fund and it's details.
|Name||Nikko AM Balanced Fund|
|Risk profile||Growth fund|
|Description||The Balanced Fund’s strategy is to invest across a range of actively managed funds to create a diversified portfolio with a balanced mix of lower and higher risk assets.|
|Market index description||Nikko AM is relying on the Financial Markets Conduct (Market Index) Exemption Notice 2018 and have created a composite index in order to calculate the market index annual return. The Manager believes the use of a composite benchmark for these funds would be useful to investors in assessing the performance of the fund as a whole. The composite market index for each fund is made up of the index of the underlying sector funds (where an Appropriate Market Index or Peer Group Index is available) multiplied by the respective target investment mix.|
|Disclosure Statement Period||Sun March 31st 2019|
|Fund started||Tue April 3rd 2018|
|Three-year average return||*4.89%|
|Market index past year return||9.50%|
|Past year return net charges and tax||4.89|
|Past year return net of charges gross of tax||5.82|
|Market index return since fund started||9.50%|
|Return since fund started net||4.89%|
|Total annual fund fees||0.94|
|Total performance based fees||0.0|
|Manager's basic fee||0.72|
|Total other charges||30.0|
|Total other charges currency||NZD|
The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.
|Year||Market Index||Fund Annual Return|
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 31 March 2019.
Showing the top 10 investments for this fund:
Jpm Multi Manager Alternatives
Luxembourg Other N/A9.86%
The A2 Milk Company Limited
New Zealand Australasian Equities2.43%
Contact Energy Limited
New Zealand Australasian Equities2.15%
Westpac Call Cash Account NZD
New Zealand Cash and Equivalents AA-2.15%
New Zealand Listed Property2.07%
Fletcher Building Ltd
New Zealand Australasian Equities1.54%
Aristocrat Leisure Ltd
Australia Australasian Equities1.41%
Z Energy Ltd
New Zealand Australasian Equities1.29%
Kiwibank Ltd 290520 4.6475
New Zealand NZ Fixed Interest A+1.27%
Westpac Call Cash Account AUD
New Zealand Cash and Equivalents AA-1.26%
How the money in this fund is invested.
|Cash and Cash Equivalents||5.0%||5.51%|
|New Zealand Fixed Interest||18.0%||17.86%|
|International Fixed Interest||5.0%||4.98%|
Currently: Head of Bonds and Currency and Member of Investment Committee (18 years, 9 months)
Previously: NZ Fixed Interest Portfolio Manager - Tyndall Investment Management NZ Ltd (10 years, 5 months)
Currently: Managing Director and Member of Investment Committee (3 years, 5 months)
Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)
Currently: Fixed Income Manager (7 years, 3 months)
Previously: Cash & Currency Manager - Tyndall Investment Management NZ Ltd (4 years, 10 months)
Currently: Senior Portfolio Manager (7 years, 0 months)
Previously: Domestic Equities Manager - Nikko Asset Management New Zealand Limited (11 years, 0 months)
Currently: Chief Operating Officer and Member of Investment Committee (2 years, 0 months)
Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)
Currently: Head of Distribution and Member of Investment Committee (5 years, 4 months)
Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)
Currently: Fixed Income Manager (0 years, 6 months)
Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 months)
Michael De Cesare
Currently: Portfolio Manager (1 years, 0 months)
Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (5 years, 9 months)
Currently: Portfolio Manager (4 years, 5 months)
Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (8 years, 4 months)
Currently: Head of Equities and Member of Investment Committee (4 years, 8 months)
Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)
The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.
Human Rights & Environmental Violations:0.03%
This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. 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.
Does this fund have a policy to exclude any industries from its investments?
Human Rights & Environmental Violations:
This data is compiled from Mindful Money analysis of Fund websites. 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.
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.
Download the fund's disclosure statement and portfolio holdings.
This information has been sourced from the six monthly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.