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:

Not Mindful
Type: Growth fund
Past Returns: *4.89%

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

Annual Fees: 0.94%

Annual fees, including membership and % management fee, assuming $10,000 investment.

More information:

A summary of this fund and it's details.

Number FND9384
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.
Value $800k NZD
Members 12
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
Administration charges 0.22
Total other charges 30.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

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
2019 6.87% 4.89%

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/A
    9.86%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    2.43%
  • Contact Energy Limited
    New Zealand Australasian Equities
    2.15%
  • Westpac Call Cash Account NZD
    New Zealand Cash and Equivalents AA-
    2.15%
  • Metlifecare Ltd
    New Zealand Listed Property
    2.07%
  • Fletcher Building Ltd
    New Zealand Australasian Equities
    1.54%
  • Aristocrat Leisure Ltd
    Australia Australasian Equities
    1.41%
  • Z Energy Ltd
    New Zealand Australasian Equities
    1.29%
  • 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%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 5.0% 5.51%
New Zealand Fixed Interest 18.0% 17.86%
International Fixed Interest 5.0% 4.98%
Australasian Equities 21.0% 21.09%
International Equities 26.0% 25.92%
Listed Properties 5.0% 5.19%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 20.0% 19.45%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

Key Personnel

  • Fergus Mcdonald

    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)

  • George Carter

    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)

  • Ian Bellew

    Currently: Fixed Income Manager (7 years, 3 months)
    Previously: Cash & Currency Manager - Tyndall Investment Management NZ Ltd (4 years, 10 months)

  • James Lindsay

    Currently: Senior Portfolio Manager (7 years, 0 months)
    Previously: Domestic Equities Manager - Nikko Asset Management New Zealand Limited (11 years, 0 months)

  • James Rogers

    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)

  • James Wesley

    Currently: Head of Distribution and Member of Investment Committee (5 years, 4 months)
    Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

  • Matthew Johnson

    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)

  • Michael Sherrock

    Currently: Portfolio Manager (4 years, 5 months)
    Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (8 years, 4 months)

  • Stuart Williams

    Currently: Head of Equities and Member of Investment Committee (4 years, 8 months)
    Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

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.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.04%
  • Animal Testing:
    2.80%
  • Fossil Fuels:
    1.37%
  • Gambling:
    1.69%
  • GMOs:
    0.04%
  • Human Rights & Environmental Violations:
    0.03%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

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.

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