AMP Nikko AM Balanced Fund

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Fund type: Growth fund

Past Returns: 5.87%

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

Annual Fees: 1.33%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Weapons

Gambling

Human Rights & Environmental Violations

Animal Testing

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu March 31st 2022 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2022 1.87% -1.19%
2021 27.41% 23.3%
2020 -3.40% -4.51%
2019 6.95% 4.67%
2018 7.80% 9.6%
2017 9.24% 5.13%
2016 3.62% 7.31%
2015 13.73% 12.27%
2014 8.43% 7.6%
2013 12.00% 9.77%

The market average is the average 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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Nikko AM Wholesale Balanced Fund
    New Zealand Fund
    100.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 20.0% 20.06%
International Fixed Interest 10.0% 9.94%
Australasian Equities 21.0% 21.37%
International Equities 29.0% 28.51%
Listed Properties 5.0% 4.94%
Unlisted Properties 0.0% 0.0%
Other 15.0% 15.18%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu March 31st 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.01%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.01%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.01%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu March 31st 2022 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, Sustainalytics and research organisations.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The fund aims to provide investors with a carefully constructed balance of diversified assets in a manner that aims to both optimise investment returns and to minimise the risk of investment loss, and to preserve the capital value of investing funds over the longer term in real terms. The fund gains its investment exposure by investing into a range of actively managed funds to create a diversified portfolio with a balanced mix of lower and higher risk assets."

Value $96M NZD
Period of data report Thu March 31st 2022
Members 2,955
Fund started Mon Oct. 1st 2007
Total annual fund fees 1.33%
Total performance based fees 0.0%
Manager's basic fee 1.08%
Other management and administration charges 0.25%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (3 years, 0 months)
Previously: General Counsel, AMP Wealth Management New Zealand (3 years, 10 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (3 years, 0 months)
Previously: Chief Client Officer, AMP Wealth Management New Zealand (3 years, 0 months)

Blair Robert Vernon

Currently: Investment Committee Member (10 years, 9 months)
Previously: Chief Executive, AMP Wealth Management New Zealand (3 years, 3 months)

Mark David Ennis

Currently: Investment Committee Member (1 years, 8 months)
Previously: Managing Director, AdviceFirst Limited (2 years, 1 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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