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:
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.
A summary of this fund and it's details.
|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.|
|Market index description||S&P/NZX 50 Index Gross (with Imputation Credits)|
|Disclosure Statement Period||Mon Sept. 30th 2019|
|Fund started||Tue April 3rd 2018|
|Three-year average return||*9.32%|
|Market index past year return||17.96%|
|Past year return net charges and tax||10.02%|
|Past year return net of charges gross of tax||11.33%|
|Market index return since fund started||21.11%|
|Return since fund started net||12.47%|
|Total annual fund fees||0.97%|
|Total performance based fees||0.0%|
|Manager's basic fee||0.97%|
|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 Average||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 30 September 2019.
Showing the top 10 investments for this fund:
The A2 Milk Company Limited
New Zealand Australasian Equities11.29%
Contact Energy Limited
New Zealand Australasian Equities9.65%
Spark New Zealand Limited
New Zealand Australasian Equities9.23%
Fisher & Paykel Healthcare Corporation
New Zealand Australasian Equities N/A7.24%
New Zealand Australasian Equities NA6.94%
Auckland International Airport Ltd
New Zealand Australasian Equities5.83%
Fletcher Building Ltd
New Zealand Australasian Equities4.88%
Z Energy Ltd
New Zealand Australasian Equities4.87%
Summerset Group Holdings Ltd
New Zealand Australasian Equities N/A4.76%
New Zealand Australasian Equities NA4.15%
How the money in this fund is invested against the fund's targets.
|Cash and Cash Equivalents||0.0%||1.93%|
|New Zealand Fixed Interest||0.0%||0.0%|
|International Fixed Interest||0.0%||0.0%|
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)
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)
Currently: Fixed Income Manager (7 years, 9 months)
Previously: Cash & Currency Manager - Tyndall Investment Management NZ Ltd (4 years, 10 months)
Currently: Senior Portfolio Manager (7 years, 6 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, 6 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, 10 months)
Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)
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)
Currently: Portfolio Manager (4 years, 11 months)
Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (8 years, 4 months)
Currently: Head of Equities and Member of Investment Committee (5 years, 2 months)
Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)
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 concernIs it excluded?Portfolio analysis
Human Rights & Environmental Violations: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:
Viva Energy Group Ordinary Fully Paid Deferred Settlement 1.42%
Skycity Entertainment Group Limited 3.35%
Aristocrat Leisure Ltd 2.33%
Download the fund's disclosure statement and portfolio holdings.