AMP Nikko AM Balanced Fund

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Not Mindful
Type: Growth fund
Past Returns: 3.25%

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

Annual Fees: 1.36%

Annual fees, including any membership and % management 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.


Fossil Fuel

Coca Cola Co 010650 2.60 Cb 0.03%
Coca Cola Co USD 0.50%
E On Se 290927 0.375 Cb 0.02%
Electricite De France SA 210928 4.50 Cb 0.02%
Genesis Energy Ltd 030425 5.00 Cb 0.18%
Genesis Energy Ltd 080323 5.81 Gb 0.03%
Genesis Energy Ltd 200722 1.32 Gb 0.05%
Glencore Funding Llc 120329 4.875 Cb 0.02%
Glencore Funding Llc 290424 4.625 Cb 0.02%
Glencore Funding Llc 300523 4.125 Cb 0.02%
New Zealand Refining Company Limited 0.08%
Suncor Energy Inc 011224 3.6 Cb 0.02%

Weapons

Airbus Se 070432 2.375 Cb 0.02%
Woodward Inc 0.43%

Gambling

Aristocrat Leisure Ltd 0.63%
Skycity Entertainment Group Limited 0.65%

Alcohol

Anheuser Busch Companies Llc 010246 4.90 Cb 0.01%
Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.01%
Anheuser Busch Inbev Worldwide Inc 230129 4.75 Cb 0.04%
Bacardi Ltd 150528 4.70 Cb 0.01%
Constellation Brands Inc 010530 2.875 Cb 0.02%
Constellation Brands Inc 150223 3.2 Cd 0.02%
Diageo Capital PLC 290430 2.00 Cb 0.03%

Human Rights & Environmental Violations

Glencore Funding Llc 120329 4.875 Cb 0.02%
Glencore Funding Llc 290424 4.625 Cb 0.02%
Glencore Funding Llc 300523 4.125 Cb 0.02%

Animal Testing

Coca Cola Co 010650 2.60 Cb 0.030%
Coca Cola Co USD 0.500%
Johnson Matthey PLC 0.310%
Kerry Group PLC-A 0.560%
Keurig Dr Pepper Inc 150926 2.55 Cb 0.020%
Mondelez International Inc 130430 2.75 Cb 0.020%
Unilever PLC 0.530%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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
2020 -3.47% -4.51%
2019 6.87% 4.67%
2018 7.63% 9.6%
2017 8.87% 5.13%
2016 3.62% 7.31%
2015 13.73% 12.27%
2014 8.43% 7.6%
2013 12.00% 9.77%
2012 -1.50% -0.1%
2011 6.13% 5.05%

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 Wed Sept. 30th 2020.

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 Wed Sept. 30th 2020.

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 18.0% 18.28%
International Fixed Interest 10.0% 9.77%
Australasian Equities 20.0% 19.95%
International Equities 27.0% 28.62%
Listed Properties 5.0% 4.95%
Unlisted Properties 0.0% 0.0%
Other 20.0% 18.43%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed Sept. 30th 2020.

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.17%
  • Animal Testing:
    2.11%
  • Fossil Fuels:
    1.19%
  • Gambling:
    1.27%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.07%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.45%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 2020 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 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.

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 risks 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 $88M NZD
Period of data report Wed Sept. 30th 2020
Members 2,950
Fund started Mon Oct. 1st 2007
Total annual fund fees 1.36%
Total performance based fees 0.0%
Manager's basic fee 1.08%
Administration charges 0.28%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Timothy Pritchard

Currently: Investment Committee Member (1 years, 6 months)
Previously: General Counsel AMP Wealth Management New Zealand (2 years, 4 months)

Jeffery Darren Ruscoe

Currently: Investment Committee Member (1 years, 6 months)
Previously: Acting Chief Executive AMP Wealth Management New Zealand (0 years, 2 months)

Blair Robert Vernon

Currently: Investment Committee Member (9 years, 3 months)
Previously: Acting Chief Executive AMP Australia (0 years, 2 months)

Mark David Ennis

Currently: Investment Committee Member (0 years, 2 months)
Previously: Managing Director AdviceFirst Limited (0 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.