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.

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 $1.1M NZD
Members 16
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 Mon Sept. 30th 2019
Fund started Tue April 3rd 2018
Three-year average return *4.89%
Market index past year return 9.68%
Past year return net charges and tax 5.49%
Past year return net of charges gross of tax 6.39%
Market index return since fund started 11.30%
Return since fund started net 7.01%
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 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average 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 30 September 2019.

Showing the top 10 investments for this fund:

  • Jpm Multi Manager Alternatives Fund
    Luxembourg Other N/A
    9.75%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    2.68%
  • Westpac NZD Cash Account
    New Zealand Cash and Equivalents AA-
    2.48%
  • Contact Energy Limited
    New Zealand Australasian Equities
    2.47%
  • Infratil Limited
    New Zealand Australasian Equities NA
    2.07%
  • New Zealand Lgfa 140433 3.50
    New Zealand NZ Fixed Interest AA+
    1.63%
  • Z Energy Ltd
    New Zealand Australasian Equities
    1.43%
  • Metlifecare Ltd
    New Zealand Australasian Equities
    1.43%
  • Barclays Collateral Account
    United Kingdom Cash and Equivalents NR
    1.4%
  • Microsoft Corp
    United States International Equities N/A
    1.35%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.1%
New Zealand Fixed Interest 18.0% 18.06%
International Fixed Interest 10.0% 10.07%
Australasian Equities 21.0% 20.82%
International Equities 26.0% 25.94%
Listed Properties 5.0% 5.46%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 20.0% 19.55%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Fergus Mcdonald

    Currently: Head of Bonds and Currency and Member of Investment Committee (19 years, 3 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, 11 months)
    Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

  • Ian Bellew

    Currently: Fixed Income Manager (7 years, 9 months)
    Previously: Cash & Currency Manager - Tyndall Investment Management NZ Ltd (4 years, 10 months)

  • James Lindsay

    Currently: Senior Portfolio Manager (7 years, 6 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, 6 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, 10 months)
    Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

  • Matthew Johnson

    Currently: Fixed Income Manager (1 years, 0 months)
    Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 months)

  • Michael De Cesare

    Currently: Portfolio Manager (1 years, 6 months)
    Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (5 years, 9 months)

  • Michael Sherrock

    Currently: Portfolio Manager (4 years, 11 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 (5 years, 2 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 30 September 2019.

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
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.10%
  • Animal Testing:
    2.46%
  • Fossil Fuels:
    0.75%
  • Gambling:
    1.55%
  • GMOs:
    0.06%
  • Human Rights & Environmental Violations:
    0.06%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.04%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 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

Specific companies invested in:

Fossil Fuel

Eog Resources Inc 0.31%
Viva Energy Group Ordinary Fully Paid Deferred Settlement 0.17%
Bp Capital Markets America Inc 060224 3.79 Cb 0.03%
Glencore Funding Llc 290424 4.625 Cb 0.03%
Suncor Energy Inc 011224 3.6 Cb 0.02%
Glencore Funding Llc 300523 4.125 Cb 0.02%
Sunoco Logistics Partners Operations Lp 011027 4.00 Cb 0.02%
Occidental Petroleum Corp 150326 5.55 Cb 0.01%
Sasol Financing Usa Llc 270324 5.875 Cb 0.01%
Gaz Capital Sa 160837 7.288 Cb 0.01%
Marathon Petroleum Corp 010428 3.8 Cb 0.01%
Petroleos Mexicanos 150323 5.125 Gb 0.01%

Weapons

United Technologies Corp 160823 3.65 Cb 0.01%
United Technologies Corp 161128 4.125 Cb 0.01%
United Technologies Corp 160825 3.95 Cb 0.01%

Gambling

Aristocrat Leisure Ltd 1.14%
Skycity Entertainment Group Limited 0.40%

Alcohol

Anheuser Busch Inbev Worldwide Inc 230129 4.75 Cb 0.05%
Constellation Brands Inc 150223 3.2 Cd 0.02%
Bacardi Ltd 150528 4.70 Cb 0.02%

GMOs

Dowdupont Inc 151128 4.725 Cb 0.02%
Syngenta Finance Ag 240423 4.441 Cb 0.02%
Syngenta Finance Nv 240425 4.892 Cb 0.01%

Human Rights & Environmental Violations

Glencore Funding Llc 290424 4.625 Cb 0.03%
Glencore Funding Llc 300523 4.125 Cb 0.02%

Animal Testing

Unilever Plc 0.900%
Estee Lauder Companies 0.590%
Johnson Matthey Plc 0.470%
Ecolab Ltd 0.410%
Dowdupont Inc 151128 4.725 Cb 0.020%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.020%
Syngenta Finance Ag 240423 4.441 Cb 0.020%
Syngenta Finance Nv 240425 4.892 Cb 0.010%
Bayer Capital Corporation Bv 260626 1.50 Cb 0.010%
Kraft Heinz Foods Co 020720 2.80 Cb 0.010%

Download the fund's disclosure statement and portfolio holdings.

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