Nikko AM NZ Cash Fund

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Fund type: Defensive fund

Past Returns: 1.39%

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

Annual Fees: 0.45%

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.

This fund has no investments in issues of concern


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 1.53% 0.99%
2020 1.60% 1.29%
2019 2.29% 1.89%

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • ASB Bank Ltd 22/02/2022 Frn
    New Zealand Cash and Equivalents AA-
    6.38%
  • New Zealand Tax Trading Co 220622 Rcd
    New Zealand Cash and Equivalents AAA
    5.45%
  • Icbc NZ 27/06/2022 Frn
    New Zealand Cash and Equivalents A
    4.68%
  • Mufg Bank Ltd 04/04/2022 Frn
    New Zealand Cash and Equivalents A
    3.49%
  • Inland Revenue Deposit 210622 Rcd
    New Zealand Cash and Equivalents AAA
    2.82%
  • Westpac NZ 14/02/2022 Frn
    New Zealand Cash and Equivalents AA-
    2.76%
  • Rabobankk Nfix3Fra + 38 28/06/2024
    New Zealand NZ Fixed Interest A
    2.53%
  • Mufg Bank Ltd Auckland Branch 051124 Frn
    New Zealand NZ Fixed Interest A
    2.5%
  • Bank Of New Zealand Cash At Call
    New Zealand Cash and Equivalents AA-
    2.44%
  • New Zealand Inland Revenue 060522 Rcd
    New Zealand Cash and Equivalents AAA
    2.44%

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 100.0% 92.63%
New Zealand Fixed Interest 0.0% 7.37%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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 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 Cash Fund aims to generate income by constructing an actively managed investment portfolio of short term deposits and bonds whilst preserving capital value"

Value $1.6M NZD
Period of data report Fri Dec. 31st 2021
Members 27
Fund started Tue April 3rd 2018
Total annual fund fees 0.45%
Total performance based fees 0.0%
Manager's basic fee 0.45%
Other management and administration charges 0.0%
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)

Ian Bellew

Currently: Fixed Income Manager (10 years, 0 months)
Previously: Cash & Currency Manager - Tyndall Investment Management NZ Ltd (4 years, 10 months)

Matthew Johnson

Currently: Fixed Income Manager (3 years, 3 months)
Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 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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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.