Nikko AM Growth Fund

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Not Mindful
Type: Growth fund
Past Returns: *0.12%

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

Annual Fees: 1.08%

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 0.02%
Glencore Funding Llc 290424 4.625 Cb 0.01%
Suncor Energy Inc 011224 3.6 Cb 0.01%
Glencore Funding Llc 300523 4.125 Cb 0.01%

Gambling

Aristocrat Leisure Ltd 0.62%
Skycity Entertainment Group Limited 0.08%

Alcohol

Anheuser Busch Inbev Worldwide Inc 230129 4.75 Cb 0.02%
Constellation Brands Inc 150223 3.2 Cd 0.01%

GMOs

Human Rights & Environmental Violations

Glencore Funding Llc 290424 4.625 Cb 0.01%
Glencore Funding Llc 300523 4.125 Cb 0.01%

Animal Testing

Unilever Plc 0.970%
Johnson Matthey Plc 0.510%
Ecolab Ltd 0.490%

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 FND9385
Name Nikko AM Growth Fund
Risk profile Growth fund
Description The Growth Fund aims to invest across a range of actively managed funds to create a diversified portfolio with a focus on higher risk assets
Value $3.4M NZD
Members 39
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 Appropriate Market Index or Peer Group Index 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 *0.12%
Market index past year return 5.99%
Past year return net of charges and tax 3.38%
Past year return net of charges gross of tax 2.84%
Market index return since fund started 9.75%
Return since fund started net 5.74%
Total annual fund fees 1.08%
Total performance based fees 0.0%
Manager's basic fee 0.97%
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 -3.47% -4.1%
2019 6.87% 4.33%

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
    5.0%
  • The A2 Milk Company Limited
    New Zealand Australasian Equities
    4.59%
  • Westpac NZD Cash Account
    New Zealand Cash and Equivalents AA-
    3.97%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    3.3%
  • Fisher & Paykel Healthcare Corporation L
    New Zealand Australasian Equities
    3.24%
  • Contact Energy Limited
    New Zealand Australasian Equities
    2.55%
  • Infratil Limited
    New Zealand Australasian Equities
    2.42%
  • Microsoft Corp Usd0.00005
    United States International Equities
    1.9%
  • Amazon Com Inc
    United States International Equities
    1.81%
  • Summerset Group Holdings Ltd
    New Zealand Australasian Equities
    1.49%

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 0.0% 0.62%
New Zealand Fixed Interest 5.0% 4.91%
International Fixed Interest 5.0% 4.89%
Australasian Equities 33.0% 33.31%
International Equities 42.0% 42.19%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 15.0% 14.08%
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:
    0.07%
  • Animal Testing:
    2.04%
  • Fossil Fuels:
    0.11%
  • Gambling:
    0.70%
  • GMOs:
    0.03%
  • Human Rights & Environmental Violations:
    0.04%
  • 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 Growth Fund aims to invest across a range of actively managed funds to create a diversified portfolio with a focus on higher risk assets"

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

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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.