Nikko AM Conservative Fund

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Fund type: Conservative fund

Past Returns: 5.54%

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

Annual Fees: 0.71%

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.


Fossil Fuel

BP Capital Markets America Inc 060224 3.79 Cb 0.01%
Ck Hutchison International 21 Ltd 150431 2.50 Cb 0.01%
Coca Cola Co USD 0.34%
Energy Transfer Operating Lp 150550 5.00 Cb 0.01%
Gaz Capital SA 160837 7.288 Cb 0.01%
Gaz Finance PLC 250230 3.25 Cb 0.02%
Genesis Energy Ltd 030425 5.00 Cb 0.16%
Genesis Energy Ltd 080323 5.81 Gb 0.07%
Genesis Energy Ltd 200722 1.32 Gb 0.01%
Glencore Funding Llc 120329 4.875 Cb 0.02%
Glencore Funding Llc 270426 1.625 Cb 0.01%
Glencore Funding Llc 290424 4.625 Cb 0.03%
Lukoil Securities Bv 060530 3.875 Cb 0.03%
Marathon Petroleum Corp 010428 3.8 Cb 0.01%
New Zealand Refining Company Limited 0.06%
Qatar Petroleum 120731 2.25 Gb 0.01%
Qatar Petroleum 120741 3.125 Gb 0.02%
Qatar Petroleum 120751 3.30 Gb 0.02%
Sasol Financing Usa Llc 270324 5.875 Cb 0.01%
Wintershall Dea Finance Bv 250928 1.332 Cb 0.01%

Weapons

Teledyne Technologies Inc 010424 0.95 Cb 0.03%

Gambling

Aristocrat Leisure Ltd 0.11%
Skycity Entertainment Group Limited 0.22%

Alcohol

Anheuser Busch Companies Llc 010246 4.90 Cb 0.01%
Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.02%
Bacardi Ltd 150528 4.70 Cb 0.02%
Constellation Brands Inc 010530 2.875 Cb 0.03%
Constellation Brands Inc 061226 3.70 Cb 0.01%
Constellation Brands Inc 150223 3.2 Cd 0.02%

Human Rights & Environmental Violations

Bayer AG 120129 0.375 Cb 0.02%
Energy Transfer Operating Lp 150550 5.00 Cb 0.01%
Glencore Funding Llc 120329 4.875 Cb 0.02%
Glencore Funding Llc 270426 1.625 Cb 0.01%
Glencore Funding Llc 290424 4.625 Cb 0.03%

Animal Testing

Bayer AG 120129 0.375 Cb 0.02%
Bayer Capital Corporation Bv 260626 1.50 Cb 0.01%
Coca Cola Co USD 0.34%
Kerry Group PLC-A 0.28%
Keurig Dr Pepper Inc 150926 2.55 Cb 0.03%
Mondelez International Holdings Netherlands 090932 0.625 Cb 0.01%
Sasol Financing Usa Llc 270324 5.875 Cb 0.01%
Syngenta Finance AG 240423 4.441 Cb 0.02%
Syngenta Finance Nv 240425 4.892 Cb 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 Sept. 30th 2021 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
2021 8.80% 11.52%
2020 0.59% -0.32%
2019 4.26% 5.42%

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • Jpm Multi Manager Alternatives Fund
    Luxembourg Other
    4.88%
  • NZ Govt Inflation Index Bond 20/09/25
    New Zealand NZ Fixed Interest AAA
    2.04%
  • Japan Government 110422 0.0 Gb
    Japan Int Fixed Interest A+
    2.02%
  • Kommunalbanken As 1.25% 02/07/2030
    New Zealand NZ Fixed Interest AAA
    1.34%
  • Westpac NZ 1.439% 02/24/26
    New Zealand NZ Fixed Interest AA-
    1.31%
  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    1.21%
  • Housing NZ 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AAA
    1.12%
  • Kiwibank Ltd 2.155% 20/09/2024
    New Zealand NZ Fixed Interest A+
    1.01%
  • Microsoft Corp
    United States International Equities
    1.01%
  • Bank Of New Zealand Cash At Call
    New Zealand Cash and Equivalents AA-
    0.97%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 15.0%
New Zealand Fixed Interest 35.0% 34.89%
International Fixed Interest 17.5% 17.39%
Australasian Equities 8.5% 8.63%
International Equities 14.0% 14.1%
Listed Properties 5.0% 5.1%
Unlisted Properties 0.0% 0.0%
Other 5.0% 4.89%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

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:
    0.11%
  • Animal Testing:
    0.77%
  • Fossil Fuels:
    0.97%
  • Gambling:
    0.33%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.12%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.03%

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 Sept. 30th 2021 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 Conservative Fund’s strategy is to invest across a range of actively managed funds to create a diversified portfolio with a focus on lower risk assets."

Value $980k NZD
Period of data report Fri Dec. 31st 2021
Members 36
Fund started Tue April 3rd 2018
Total annual fund fees 0.71%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Other management and administration charges 0.11%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

George Carter

Currently: Managing Director and Member of Investment Committee (6 years, 2 months)
Previously: Director Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

Fergus Mcdonald

Currently: Head of Bonds and Currency and Member of Investment Committee (21 years, 6 months)
Previously: NZ Fixed Interest Portfolio Manager - Tyndall Investment Management NZ Ltd (10 years, 5 months)

Stuart Williams

Currently: Head of Equities and Member of Investment Committee (7 years, 5 months)
Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

James Wesley

Currently: Head of Distribution and Member of Investment Committee (8 years, 1 months)
Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

James Rogers

Currently: Chief Operating Officer and Member of Investment Committee (4 years, 9 months)
Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. 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 Markets Conduct Act 2013 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.