Nikko AM SRI Equity Fund

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Fund type: Aggressive fund

Past Returns: 7.65%

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

Annual Fees: 0.95%

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 March 31st 2022 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
2022 3.94% -0.17%
2021 36.11% 25.56%
2020 -6.34% -2.44%
2019 9.78% 9.32%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    11.62%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities A-
    7.88%
  • Mainfreight Limited
    New Zealand Australasian Equities
    6.98%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities A-
    6.96%
  • Infratil Limited
    New Zealand Australasian Equities
    6.81%
  • Contact Energy Limited
    New Zealand Australasian Equities
    6.5%
  • Ebos Group Limited
    New Zealand Australasian Equities
    6.01%
  • Fletcher Building Ltd
    New Zealand Australasian Equities
    5.46%
  • Meridian Energy Ltd Npv
    New Zealand Australasian Equities
    4.72%
  • Summerset Group Holdings Ltd
    New Zealand Australasian Equities
    3.49%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 2.68%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 100.0% 88.08%
International Equities 0.0% 0.0%
Listed Properties 0.0% 9.24%
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 Thu March 31st 2022.

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 March 31st 2022 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 SRI Equity Fund provides investors with exposure to New Zealand and Australian equity markets from an actively managed investment portfolio with potential for growth of income and capital. The fund will exclude certain securities under a socially responsible investment framework."

Value $2.4M NZD
Period of data report Thu March 31st 2022
Members 120
Fund started Tue April 3rd 2018
Total annual fund fees 0.95%
Total performance based fees 0.0%
Manager's basic fee 0.95%
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, 5 months)
Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

Stuart Williams

Currently: Head of Equities and Member of Investment Committee (7 years, 8 months)
Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

Michael Sherrock

Currently: Portfolio Manager (7 years, 5 months)
Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (8 years, 4 months)

Michael De Cesare

Currently: Portfolio Manager (4 years, 0 months)
Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (5 years, 9 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu March 31st 2022.

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.