Funds

Nikko AM Freedom Fund

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Issues of concern

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.

Key:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Contact Energy Limited 0.62%
    • Genesis Energy Ltd 140328 4.17 Gb 0.39%
    • Genesis Energy Ltd 5% 03/04/2025 0.38%
    • Contact Energy Ltd 110428 5.82 Cb 0.23%
    • Channel Infrastructure NZ Limited 0.06%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 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.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

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.

About this fund

In their own words

The fund aims to provide a regular income to the charity from an actively managed investment portfolio and to maintain the value of investor's capital

Value $480k NZD
Period of data report 31st Dec. 2022
Fund started 13th Sept. 2021
Total annual fund fees 0.3%
Total performance based fees 0.0%
Manager's basic fee 0.3%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Stuart Williams

Currently: Head of Equities and Member of Investment Committee (8 years, 5 months)
Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

Fergus Mcdonald

Currently: Head of Bonds and Currency (22 years, 6 months)
Previously: NZ Fixed Interest Portfolio Manager - Nikko Asset Management New Zealand Limited (10 years, 5 months)

Ian Bellew

Currently: Fixed Income Manager (11 years, 0 months)
Previously: Cash Portfolio Manager - Nikko Asset Management New Zealand Limited (4 years, 10 months)

Matthew Johnson

Currently: Fixed Income Manager (4 years, 3 months)
Previously: Senior Strategy Analyst – The Comfort Group (2 years, 6 months)

George Carter

Currently: Managing Director (7 years, 2 months)
Previously: Director, Head of Distribution, AMP Capital Investors NZ Limited (6 years, 4 months)

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

Investment Exclusions

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 0.00%
Animal Cruelty 0.00%
Fossil Fuels 1.67%
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 fund has filed with the Disclose register to 30th Sept. 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 many 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.

Past Returns

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

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 fund has filed with Disclose register to 31st Dec. 2022.

Top 10 Investments

  • Hsbc Bank New Zealand 111124 Frn
    New Zealand NZ Fixed Interest AA-
    2.94%
  • New Zealand Tax Trading Co 110123 Rcd
    New Zealand Cash and Equivalents AAA
    2.76%
  • Rabobk Nfix3Fra + 38 28/06/2024
    New Zealand NZ Fixed Interest A
    2.69%
  • Bank Of New Zealand 180324 Frn
    New Zealand NZ Fixed Interest AA-
    2.46%
  • Bank Of China
    New Zealand Cash and Equivalents A
    2.42%
  • Ind. and Comm. Bank Of China NZD 260525 Frn
    New Zealand NZ Fixed Interest A
    2.13%
  • Kiwi 2.635% 05/10/2026
    New Zealand NZ Fixed Interest A+
    1.73%
  • ASB Bank Ltd 040526 1.646 Cb
    New Zealand NZ Fixed Interest AA-
    1.72%
  • Westpac New Zealand Ltd 160227 3.696 Cb
    New Zealand NZ Fixed Interest AA-
    1.69%
  • Housing NZ 3.42% 18/10/2028
    New Zealand NZ Fixed Interest AAA
    1.69%
Type Target Actual
Cash and Cash Equivalents 45.0% 49.96%
New Zealand Fixed Interest 45.0% 50.04%
International Fixed Interest 0.0% 0.0%
Australasian Equities 10.0% 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%

Investment Mix

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

Target

Actual

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