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Nikko AM Option Fund

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Not Mindful
Type: Defensive fund
Past Returns: *-14.22%

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

Annual Fees: 1.17%

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.

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 FND9390
Name Nikko AM Option Fund
Risk profile Defensive fund
Description The Option Fund invests in cash and options relating to fixed interest investments, and undertakes a leveraged trading strategy based on selling options over global government bonds. It is suited to investors who have an investment time frame of three years or longer and are comfortable to accept short sharp periods of high volatility.
Value $600k NZD
Members 14
Market index description The Manager is relying on the Financial Markets Conduct (Market Index) Exemption Notice 2018. There is no appropriate market index or suitable peer group index that reflects the assets that the Nikko AM Option Fund invests in that would be helpful to investors for assessing movements in the market in relation to the returns of the Nikko AM Option Fund.
Period of data report Tue June 30th 2020
Fund started Tue April 3rd 2018
Three-year average return *-14.22%
Market index past year return %
Past year return net of charges and tax -24.52%
Past year return net of charges gross of tax -33.15%
Market index return since fund started %
Return since fund started net -12.14%
Total annual fund fees 1.17%
Total performance based fees 0.0%
Manager's basic fee 1.17%
Administration charges 0.0%
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 1.56% -29.16%
2019 2.36% 0.72%

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:

  • Morgan Stanley Collateral Account
    United Kingdom Cash and Equivalents NR
    15.38%
  • Westpac USD Cash Account
    New Zealand Cash and Equivalents A-
    13.58%
  • Barclays Collateral Account
    United Kingdom Cash and Equivalents NR
    10.31%
  • Kiwibank Limited 221121 Frn
    New Zealand NZ Fixed Interest A
    10.03%
  • ASB Bank Ltd 240222 4.20
    New Zealand NZ Fixed Interest AA-
    9.23%
  • Westpac New Zealand Ltd 140222
    New Zealand NZ Fixed Interest AA-
    6.74%
  • ANZ Wellington 140121 2.31
    New Zealand Cash and Equivalents AA-
    6.73%
  • Westpac NZD Cash Account
    New Zealand Cash and Equivalents AA-
    6.08%
  • ASB Bank Ltd 220222
    New Zealand NZ Fixed Interest AA-
    4.73%
  • Bank Of China Ltd 171022 4.09
    New Zealand NZ Fixed Interest A
    3.67%

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 50.0% 54.95%
New Zealand Fixed Interest 50.0% 43.09%
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% 1.96%
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:
    0.00%
  • 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 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 Option Fund invests in cash and options relating to fixed interest investments, and undertakes a leveraged trading strategy based on selling options over global government bonds. It is suited to investors who have an investment time frame of three years or longer and are comfortable to accept short sharp periods of high volatility."

Download the fund's disclosure statement and portfolio holdings.

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