Funds
Nikko AM Concentrated Equity Fund
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:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Fossil Fuels
-
Contact Energy Ltd 12.38%
1.5°C
This company is on a 1.5°C pathway
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
CONTACT ENERGY LTD Fossil Fuel Power Generation
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
-
Contact Energy Ltd 12.38%
1.5°C
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. 2023 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
This fund aims to provide investors with concentrated exposure to New Zealand and Australian equity markets from an actively managed investment portfolio.
| Value | $23.2M NZD |
| Period of data report | 31st Dec. 2023 |
| Fund started | 21st Aug. 2006 |
| Total annual fund fees | 1.15% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.15% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Stuart Williams |
Currently: Managing Director and Member of Investment Committee (0 years, 9 months) |
|
Michael Sherrock |
Currently: Head of Equities and Member of Investment Committee (0 years, 9 months) |
|
Michael De Cesare |
Currently: Portfolio Manager (5 years, 9 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.
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 |
|---|---|---|
| 2023 | -5.17% | -6.64% |
| 2022 | 3.53% | 1.48% |
| 2021 | 35.55% | 29.02% |
| 2020 | -7.06% | -2.68% |
| 2019 | 10.17% | -0.71% |
| 2018 | 7.53% | 23.97% |
| 2017 | 9.49% | 8.27% |
| 2016 | 4.71% | 16.38% |
| 2015 | 14.67% | 19.93% |
| 2014 | 10.13% | 7.3% |
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. 2023.
Top 10 Investments
-
Contact Energy Limited
New Zealand Australasian Equities12.4% -
Infratil Limited
New Zealand Australasian Equities12.32% -
Spark New Zealand Ltd
New Zealand Australasian Equities10.98% -
Nextdec Ltd
Australia Australasian Equities10.39% -
Fisher & Paykel Healthcare
New Zealand Australasian Equities9.66% -
Summerset Group Holdings Ltd
New Zealand Australasian Equities7.55% -
Aristocrat Leisure Ltd
Australia Australasian Equities6.33% -
Mainfreight Limited
New Zealand Australasian Equities5.75% -
Ingenia Communities Group
Australia Listed Property5.26% -
Waypoint Reit Fully Paid Ord Units Stapled Securities
Australia Listed Property4.86%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 2.35% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 100.0% | 79.98% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 17.68% |
| 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. 2023.