Nikko AM Core Equity Fund

In their own words: "The Core Equity Fund provides investors with exposure to New Zealand and Australian equity markets from an actively managed investment portfolio with potential for growth of income and capital."

At a glance:

Not Mindful
Type: Aggressive fund
Past Returns: *9.32%

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

Annual Fees: 0.97%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND9388
Name Nikko AM Core Equity Fund
Risk profile Aggressive fund
Description The Core Equity Fund provides investors with exposure to New Zealand and Australian equity markets from an actively managed investment portfolio with potential for growth of income and capital.
Value $640k NZD
Members 21
Market index description S&P/NZX 50 Index Gross (with Imputation Credits)
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Tue April 3rd 2018
Three-year average return *9.32%
Market index past year return 31.64%
Past year return net charges and tax 26.45%
Past year return net of charges gross of tax 27.8%
Market index return since fund started 21.40%
Return since fund started net 13.64%
Total annual fund fees 0.97%
Total performance based fees 0.0%
Manager's basic fee 0.97%
Administration charges 0.0%
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 10.11% 9.32%

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:

  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    11.55%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    9.06%
  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    9.03%
  • Contact Energy Limited
    New Zealand Australasian Equities N/A
    8.04%
  • Infratil Limited
    New Zealand Australasian Equities NA
    6.22%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    5.5%
  • Metlifecare Ltd
    New Zealand Listed Property
    5.31%
  • Summerset Group Holdings Ltd
    New Zealand Australasian Equities
    5.22%
  • Mainfreight Limited
    New Zealand Australasian Equities NA
    4.36%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    4.09%

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% 1.45%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 100.0% 94.81%
International Equities 0.0% 0.0%
Listed Properties 0.0% 3.74%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
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, 6 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 (4 years, 2 months)
    Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

  • Ian Bellew

    Currently: Fixed Income Manager (8 years, 0 months)
    Previously: Cash & Currency Manager - Tyndall Investment Management NZ Ltd (4 years, 10 months)

  • James Rogers

    Currently: Chief Operating Officer and Member of Investment Committee (2 years, 9 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 (6 years, 1 months)
    Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

  • Matthew Johnson

    Currently: Fixed Income Manager (1 years, 3 months)
    Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 months)

  • Michael De Cesare

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

  • Michael Sherrock

    Currently: Portfolio Manager (5 years, 2 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, 5 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    1.42%
  • Gambling:
    5.69%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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 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

Viva Energy Group Ordinary Fully Paid Deferred Settlement 1.42%

Gambling

Skycity Entertainment Group Limited 3.35%
Aristocrat Leisure Ltd 2.33%

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.