Nikko AM Conservative Fund

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Not Mindful
Type: Conservative fund
Past Returns: *2.55%

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

Annual Fees: 0.72%

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

Bp Capital Markets America Inc 060224 3.79 Cb 0.04%
Glencore Funding Llc 290424 4.625 Cb 0.04%
Suncor Energy Inc 011224 3.6 Cb 0.03%
Glencore Funding Llc 300523 4.125 Cb 0.03%
Engie Sa 300332 2.125 Cb 0.02%
Gaz Capital Sa 160837 7.288 Cb 0.02%
Marathon Petroleum Corp 010428 3.8 Cb 0.01%
Petroleos Mexicanos 150323 5.125 Gb 0.01%
Energy Transfer Operating Lp 150550 5.00 Cb 0.01%
Origin Energy Finance Ltd 170929 1.00 Cb 0.01%
Sasol Financing Usa Llc 270324 5.875 Cb 0.01%

Gambling

Aristocrat Leisure Ltd 0.05%
Skycity Entertainment Group Limited 0.03%

Alcohol

Anheuser Busch Inbev Worldwide Inc 230129 4.75 Cb 0.07%
Constellation Brands Inc 150223 3.2 Cd 0.03%
Bacardi Ltd 150528 4.70 Cb 0.03%
Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.02%
Anheuser Busch Companies Llc 010246 4.90 Cb 0.02%
Constellation Brands Inc 061226 3.70 Cb 0.02%
Anheuser Busch Inbev Nv 020440 3.70 Cb 0.01%
Anheuser Busch Inbev Worldwide Inc 230125 4.15 Cb 0.01%

GMOs

Dowdupont Inc 151128 4.725 Cb 0.03%
Syngenta Finance Ag 240423 4.441 Cb 0.02%
Syngenta Finance Nv 240425 4.892 Cb 0.02%
Dowdupont Inc 151125 4.493 Cb 0.01%

Human Rights & Environmental Violations

Glencore Funding Llc 290424 4.625 Cb 0.04%
Glencore Funding Llc 300523 4.125 Cb 0.03%
Archer Daniels Midlands Co 270330 3.25 Cb 0.01%
Sempra Energy 010228 3.40 Cb 0.01%

Animal Testing

Unilever Plc 0.290%
Johnson Matthey Plc 0.160%
Ecolab Ltd 0.150%
Dowdupont Inc 151128 4.725 Cb 0.030%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.020%
Syngenta Finance Ag 240423 4.441 Cb 0.020%
Syngenta Finance Nv 240425 4.892 Cb 0.020%
Bayer Capital Corporation Bv 260626 1.50 Cb 0.020%
Unilever Nv 250330 1.75 Cb 0.010%
Dowdupont Inc 151125 4.493 Cb 0.010%
Archer Daniels Midlands Co 270330 3.25 Cb 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 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 and research organisations.

A summary of this fund and its details.

Number FND9383
Name Nikko AM Conservative Fund
Risk profile Conservative fund
Description 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 $290k NZD
Members 6
Market index description Nikko AM is relying on the Financial Markets Conduct (Market Index) Exemption Notice 2018 and have created a composite index in order to calculate the market index annual return. The Manager believes the use of a composite benchmark for these funds would be useful to investors in assessing the performance of the fund as a whole. The composite market index for each fund is made up of the index of the underlying sector funds (where an AMI or PGI is available) multiplied by the respective target investment mix.
Period of data report Tue June 30th 2020
Fund started Tue April 3rd 2018
Three-year average return *2.55%
Market index past year return 4.17%
Past year return net of charges and tax 2.89%
Past year return net of charges gross of tax 3.61%
Market index return since fund started 6.21%
Return since fund started net 4.93%
Total annual fund fees 0.72%
Total performance based fees 0.0%
Manager's basic fee 0.61%
Administration charges 0.11%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

  • Fergus Mcdonald

    Currently: Head of Bonds and Currency and Member of Investment Committee (20 years, 0 months)
    Previously: NZ Fixed Interest Portfolio Manager - Tyndall Investment Management NZ Ltd (10 years, 5 months)

  • Fergus Mcdonald

    Currently: Head of Bonds and Currency and Member of Investment Committee (20 years, 0 months)
    Previously: NZ Fixed Interest Portfolio Manager - Tyndall Investment Management NZ Ltd (10 years, 5 months)

  • Fergus Mcdonald

    Currently: Head of Bonds and Currency and Member of Investment Committee (20 years, 0 months)
    Previously: NZ Fixed Interest Portfolio Manager - Tyndall Investment Management NZ Ltd (10 years, 5 months)

  • Fergus Mcdonald

    Currently: Head of Bonds and Currency (20 years, 0 months)
    Previously: NZ Fixed Interest Portfolio Manager – Tyndall Investment Management NZ Ltd (10 years, 5 months)

  • Fergus Mcdonald

    Currently: Head of Bonds and Currency (20 years, 0 months)
    Previously: NZ Fixed Interest Portfolio Manager - Nikko Asset Management New Zealand Limited (10 years, 5 months)

  • Fergus Mcdonald

    Currently: Head of Bonds and Currency and Member of Investment Committee (20 years, 0 months)
    Previously: NZ Fixed Interest Portfolio Manager - Tyndall Investment Management NZ Ltd (10 years, 5 months)

  • Fergus Mcdonald

    Currently: Head of Bonds and Currency (20 years, 0 months)
    Previously: NZ Fixed Interest Portfolio Manager - Nikko Asset Management New Zealand Limited (10 years, 5 months)

  • George Carter

    Currently: Managing Director and Member of Investment Committee (4 years, 8 months)
    Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

  • George Carter

    Currently: Managing Director and Member of Investment Committee (4 years, 8 months)
    Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

  • George Carter

    Currently: Managing Director and Member of Investment Committee (4 years, 8 months)
    Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

  • George Carter

    Currently: Managing Director (4 years, 8 months)
    Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

  • George Carter

    Currently: Managing Director (4 years, 8 months)
    Previously: Director, Head of Distribution, AMP Capital Investors NZ Limited (6 years, 4 months)

  • George Carter

    Currently: Managing Director (4 years, 8 months)
    Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

  • George Carter

    Currently: Managing Director and Member of Investment Committee (4 years, 8 months)
    Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

  • George Carter

    Currently: Managing Director (4 years, 8 months)
    Previously: Director, Head of Distribution, AMP Capital Investors NZ Limited (6 years, 4 months)

  • Ian Bellew

    Currently: Fixed Income Manager (8 years, 6 months)
    Previously: Cash & Currency Manager - Tyndall Investment Management NZ Ltd (4 years, 10 months)

  • Ian Bellew

    Currently: Fixed Income Manager (8 years, 6 months)
    Previously: Cash Portfolio Manager - Nikko Asset Management New Zealand Limited (4 years, 10 months)

  • Ian Bellew

    Currently: Fixed Income Manager (8 years, 6 months)
    Previously: Cash Portfolio Manager - Nikko Asset Management New Zealand Limited (4 years, 10 months)

  • James Rogers

    Currently: Chief Operating Officer and Member of Investment Committee (3 years, 3 months)
    Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)

  • James Rogers

    Currently: Chief Operating Officer and Member of Investment Committee (3 years, 3 months)
    Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)

  • James Rogers

    Currently: Chief Operating Officer and Member of Investment Committee (3 years, 3 months)
    Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)

  • James Rogers

    Currently: Chief Operating Officer and Member of Investment Committee (3 years, 3 months)
    Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)

  • James Wesley

    Currently: Head of Distribution and Member of Investment Committee (6 years, 7 months)
    Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

  • James Wesley

    Currently: Head of Distribution and Member of Investment Committee (6 years, 7 months)
    Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

  • James Wesley

    Currently: Head of Distribution and Member of Investment Committee (6 years, 7 months)
    Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

  • James Wesley

    Currently: Head of Distribution and Member of Investment Committee (6 years, 7 months)
    Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

  • Matthew Johnson

    Currently: Fixed Income Manager (1 years, 9 months)
    Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 months)

  • Matthew Johnson

    Currently: Fixed Income Manager (1 years, 9 months)
    Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 months)

  • Matthew Johnson

    Currently: Fixed Income Manager (1 years, 9 months)
    Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 months)

  • Michael De Cesare

    Currently: Portfolio Manager (2 years, 3 months)
    Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (5 years, 9 months)

  • Michael Sherrock

    Currently: Portfolio Manager (5 years, 8 months)
    Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (8 years, 4 months)

  • Stuart Williams

    Currently: Head of Equities and Member of Investment Committee (5 years, 11 months)
    Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

  • Stuart Williams

    Currently: Head of Equities and Member of Investment Committee (5 years, 11 months)
    Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

  • Stuart Williams

    Currently: Head of Equities and Member of Investment Committee (5 years, 11 months)
    Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

  • Stuart Williams

    Currently: Head of Equities (5 years, 11 months)
    Previously: Portfolio Mananger - OnePath (NZ) Limited (1 years, 7 months)

  • Stuart Williams

    Currently: Head of Equities and Member of Investment Committee (5 years, 11 months)
    Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

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

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 1.07% -0.32%
2019 4.40% 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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Jpm Multi Manager Alternatives Fund
    Luxembourg Other
    4.66%
  • New Zealand Lgfa Agency 140433 3.50
    New Zealand NZ Fixed Interest AA+
    3.2%
  • New Zealand Govt 200925 2.0 Indexed Bond
    New Zealand NZ Fixed Interest AA+
    1.68%
  • Kiwibank Limited 221121 Frn
    New Zealand NZ Fixed Interest A
    1.53%
  • ASB Bank Ltd 220222 Frn
    New Zealand NZ Fixed Interest AA-
    1.31%
  • Fisher & Paykel Healthcare Corporation
    New Zealand Australasian Equities
    1.24%
  • Bank Of New Zealand 030223 4.261
    New Zealand NZ Fixed Interest AAA
    1.17%
  • Fonterra Co Operative Group Ltd 190625 5.08
    New Zealand NZ Fixed Interest A-
    1.09%
  • Kiwi Bank Ltd 200924 2.155
    New Zealand NZ Fixed Interest A
    1.09%
  • The A2 Milk Company
    New Zealand Australasian Equities
    1.06%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 15.0% 15.14%
New Zealand Fixed Interest 35.0% 35.03%
International Fixed Interest 15.0% 14.56%
Australasian Equities 7.5% 7.42%
International Equities 12.5% 12.75%
Listed Properties 5.0% 5.31%
Unlisted Properties 0.0% 0.0%
Other 10.0% 9.79%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 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:
    0.21%
  • Animal Testing:
    0.78%
  • Fossil Fuels:
    0.31%
  • Gambling:
    0.08%
  • GMOs:
    0.08%
  • Human Rights & Environmental Violations:
    0.10%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    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 Tue June 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 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 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."

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

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 Advisers Act 2008 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.