Nikko AM Balanced Fund

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Type: Growth fund
Past Returns: 8.18%

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

Annual Fees: 1.15%

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

Coca Cola Co USD 0.72%
Gaz Finance PLC 250230 3.25 Cb 0.01%
Genesis Energy Ltd 030425 5.00 Cb 0.15%
Genesis Energy Ltd 080323 5.81 Gb 0.01%
Genesis Energy Ltd 200722 1.32 Gb 0.01%
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 0.01%
New Zealand Refining Company Limited 0.06%
Suncor Energy Inc 011224 3.6 Cb 0.02%
Wintershall Dea Finance Bv 250928 1.332 Cb 0.01%

Weapons

Airbus Se 070428 2.00 Cb 0.01%
Airbus Se 070432 2.375 Cb 0.02%
Teledyne Technologies Inc 010424 0.95 Cb 0.02%

Gambling

Aristocrat Leisure Ltd 0.63%
Draftkings Inc 0.01%
Skycity Entertainment Group Limited 0.86%

Alcohol

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

Human Rights & Environmental Violations

Bayer AG 120129 0.375 Cb 0.02%
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 0.01%

Animal Testing

Bayer AG 120129 0.375 Cb 0.020%
Coca Cola Co USD 0.720%
Dowdupont Inc 151128 4.725 Cb 0.020%
Johnson Matthey PLC 0.460%
Kerry Group PLC-A 0.480%
Keurig Dr Pepper Inc 150926 2.55 Cb 0.020%
Mondelez International Inc 130430 2.75 Cb 0.010%
Syngenta Finance AG 240423 4.441 Cb 0.010%
Unilever PLC 0.410%

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 March 31st 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 28.03% 23.08%
2020 -3.79% -3.42%
2019 7.09% 4.89%

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 March 31st 2021.

Showing the top 10 investments for this fund:

  • Jpm Multi Manager Alternatives
    Luxembourg Other
    9.72%
  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    2.96%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    2.0%
  • Infratil Limited
    New Zealand Australasian Equities
    1.66%
  • Westpac NZD Cash Account
    New Zealand Cash and Equivalents AA-
    1.58%
  • Summerset Group
    New Zealand Australasian Equities
    1.43%
  • Microsoft Corp
    United States International Equities
    1.35%
  • Morgan Stanley Collateral Account
    United Kingdom Cash and Equivalents
    1.2%
  • Amazon Com Inc
    United States International Equities
    1.01%
  • Contact Energy Limited
    New Zealand Australasian Equities
    0.98%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.14%
New Zealand Fixed Interest 20.0% 19.79%
International Fixed Interest 10.0% 9.84%
Australasian Equities 21.0% 21.29%
International Equities 29.0% 29.22%
Listed Properties 5.0% 5.03%
Unlisted Properties 0.0% 0.0%
Other 15.0% 14.69%
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 March 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:
    0.12%
  • Animal Testing:
    2.19%
  • Fossil Fuels:
    1.17%
  • Gambling:
    1.50%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.08%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.05%

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 March 31st 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 Balanced Fund’s strategy is to invest across a range of actively managed funds to create a diversified portfolio with a balanced mix of lower and higher risk assets."

Value $2.3M NZD
Period of data report Wed March 31st 2021
Members 81
Fund started Tue April 3rd 2018
Total annual fund fees 1.15%
Total performance based fees 0.2%
Manager's basic fee 0.72%
Other management and administration charges 0.23%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

George Carter

Currently: Managing Director and Member of Investment Committee (5 years, 5 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 (20 years, 9 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 (6 years, 8 months)
Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

James Wesley

Currently: Head of Distribution and Member of Investment Committee (7 years, 4 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, 0 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 Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.