Funds

AMP Nikko AM Balanced Fund

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Issues of concern

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.

Key:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Contact Energy Limited 1.47%
    • Channel Infrastructure NZ Limited 0.19%
    • Genesis Energy Ltd 140328 4.17 Gb 0.09%
    • Genesis Energy Ltd 5% 03/04/2025 0.09%
    • SA Global Sukuk Ltd 170631 2.694 Cb 0.06%
    • Contact Energy Ltd 110428 5.82 Cb 0.05%
    • Enterprise Products Operating Llc 150225 3.75 Cb 0.03%
    • BP Capital Markets PLC 220326 3.25 Cb 0.02%
    • Enel Spa 080627 1.375 Cb 0.02%
    • Glencore Funding Llc 120329 4.875 Cb 0.02%
    • Glencore Funding Llc 290424 4.625 Cb 0.02%
    • Total SA 291249 3.369 Cb 0.02%

  • Weapons

    • Kbr Inc 0.70%
    • Teledyne Technologies Inc 010424 0.95 Cb 0.02%

  • Gambling

    • Aristocrat Leisure Ltd 0.64%
    • Skycity Entertainment Group Limited 0.58%
    • Draftkings Inc 0.05%

  • Alcohol

    • Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.01%
    • Bacardi Ltd 150528 4.70 Cb 0.01%

  • Human Rights & Environmental Violations

    • Nestle SA 0.74%
    • Kbr Inc 0.70%
    • Wells Fargo and Co 300426 2.188 Cb 0.03%
    • Credit Suisse Group AG 110925 2.593 Cb 0.02%
    • Credit Suisse Group AG 120129 3.869 Cb 0.02%
    • Credit Suisse Group AG 140128 0.65 Cb 0.02%
    • Glencore Funding Llc 120329 4.875 Cb 0.02%
    • Glencore Funding Llc 290424 4.625 Cb 0.02%
    • Meta Platforms Inc 150832 3.85 Cb 0.02%
    • Wells Fargo Commercial Mort Ser 22 C62 Cls A4 150455 Abs 0.02%
    • Wells Fargo Commercial Mortgage Ser 21 C59 Cls A5 150454 Abs 0.02%
    • Credit Suisse AG New York Branch 090425 2.95 Cb 0.01%
    • Credit Suisse Group AG 020426 3.25 Cb 0.01%
    • Glencore Funding Llc 270426 1.625 Cb 0.01%
    • Meta Platforms Inc 150852 4.45 Cb 0.01%
    • Syngenta Finance AG 240423 4.441 Cb 0.01%
    • Syngenta Finance Nv 240425 4.892 Cb 0.01%
    • Thermo Fisher Scientific Finance Bv 181125 0.00 Cb 0.01%
    • Wells Fargo and Co 250733 4.897 Cb 0.01%

  • Animal Cruelty

    • Coca Cola Co USD 0.78%
    • Nestle SA 0.74%
    • Kerry Group PLC-A 0.58%
    • Keurig Dr Pepper Inc 150926 2.55 Cb 0.02%

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

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

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.

About this fund

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 $81M NZD
Period of data report 31st Dec. 2022
Members 2,738
Fund started 1st Oct. 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

Jeffery Darren Ruscoe

Currently: Investment Committee Member (3 years, 9 months)
Previously: Managing Director, AMP Wealth Management New Zealand (0 years, 8 months)

Mark David Ennis

Currently: Investment Committee Member (2 years, 5 months)
Previously: Managing Director, AdviceFirst Limited (2 years, 10 months)

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

Investment Exclusions

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.04%
Animal Cruelty 2.19%
Fossil Fuels 2.25%
Gambling 1.27%
GMOs 0.00%
Human Rights & Environmental Violations 1.73%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 0.72%

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

Past Returns

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 31st Dec. 2022.

Top 10 Investments

  • Nikko AM Wholesale Balanced Fund
    New Zealand Fund
    100.0%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 20.0% 20.94%
International Fixed Interest 10.0% 10.37%
Australasian Equities 17.0% 18.57%
International Equities 33.0% 30.0%
Listed Properties 5.0% 5.03%
Unlisted Properties 0.0% 0.0%
Other 15.0% 15.09%
Commodities 0.0% 0.0%

Investment Mix

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

Target

Actual

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