Funds

Nikko AM Global Bond Fund

Total Ethical Concerns: 4.07%

The average total concerns of all managed defensive funds is 1.99%.

Companies of Concern

  • Animal Cruelty 0.37%

    • International Flavors & Fragrances, Inc.
      0.14%
      0.14%
    • Celanese US Holdings Llc
      0.13%
      0.13%
    • Syngenta
      0.05%
      0.05%
    • Dupont De Nemours
      0.03%
      0.03%
    • Solvay SA
      0.02%
      0.02%
  • Human Rights Violations 1.53%

    • UBS
      0.90%
      0.90%
    • Glencore
      0.21%
      0.21%
    • Saudi Aramco
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • General Motors
      0.14%
      0.14%
    • Wells Fargo
      0.09%
      0.09%
  • Social Harm 0.25%

  • Fossil Fuels 1.96%

    • Glencore
      0.21%
      0.21%
    • Energy Transfer Lp
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • Saudi Aramco
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • Enel
      0.16%
      1.5°C
      This company is on a 1.5°C pathway
      0.16%
    • Électricité De France SA
      0.14%
      0.14%
    • Enbridge, Inc.
      0.12%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.12%
    • Diamondback Energy, Inc.
      0.11%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.11%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.10%
      0.10%
    • Qatarenergy
      0.09%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.09%
    • Dte Energy Co.
      0.08%
      0.08%
    • E.On Se
      0.08%
      0.08%
    • Occidental Petroleum Corp.
      0.08%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.08%
    • Nisource, Inc.
      0.07%
      0.07%
    • National Grid PLC
      0.06%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.06%
    • Abu Dhabi National Oil Company (Adnoc)
      0.05%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.05%
    • BP
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Cheniere Energy, Inc.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Vale Overseas Ltd
      0.04%
      0.04%
    • Sempra Energy
      0.03%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.03%
    • The Williams Cos., Inc.
      0.03%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.03%
    • Totalenergies Se
      0.03%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.03%
    • Wintershall Dea
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.02%
  • Weapons 0.09%

    • Rtx Corp.
      0.09%
      0.09%
  • Environmental Harm 0.76%

    • Glencore
      0.21%
      0.21%
    • Energy Transfer Lp
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • Bunge
      0.17%
      0.17%
    • 0.10%
    • Syngenta
      0.05%
      0.05%
    • Vale Overseas Ltd
      0.04%
      0.04%

From the Fund Provider

  • About this fund

    About this Fund

    The fund aims to provide investors with regular income by constructing an actively managed investment portfolio of investments with the potential for capital gain from global fixed interest markets.

    Value $324M NZD
    Period of data report 31st March 2025
    Fund started 13th Dec. 2013
    Total annual fund fees 0.8%
    Total performance based fees 0.0%
    Manager's basic fee 0.8%
    Other management and administration charges 0.0%
    Total other charges 0.0
    Total other charges currency NZD

    Alan Clarke

    Currently: Portfolio Manager, Diversified Funds & External Managers and member of the Investment Committee (1 years, 6 months)
    Previously: Co-head of Diversified Portfolio Management - ANZ Investments (3 years, 8 months)

    Stuart Williams

    Currently: Managing Director and Chair of Investment Committee (2 years, 0 months)
    Previously: Head of Equities – Nikko Asset Management New Zealand Limited (8 years, 7 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.87% 2.97%
    2024 3.43% 3.42%
    2023 -0.79% -4.02%
    2022 -2.46% -3.39%
    2021 2.15% 3.67%
    2020 1.75% 3.1%
    2019 2.76% 3.37%
    2018 1.94% 1.45%
    2017 1.52% 1.92%
    2016 2.91% 3.47%

    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 March 2025.

  • Investments

    Top 10 Investments

    • France Republic Of Government 120625 0.00 Gb

      France Cash and Equivalents AA

      5.58%
    • United States Treasury 150525 0.00 Gb

      United States Cash and Equivalents AA+

      4.46%
    • Japan Treasury Disc Bill 190525 0.00 Gb

      Japan Cash and Equivalents

      4.0%
    • French Discount T-Bill 160425 0.00 Gb

      France Cash and Equivalents

      3.93%
    • Treasury Bill 080525 0.00 Gb

      United States Cash and Equivalents AA+

      3.27%
    • French Discount T-Bill 210525 0.00 Gb

      France Cash and Equivalents

      2.54%
    • USD BNP Paribas A/C

      United States Cash and Equivalents A+

      2.2%
    • Federal National Mortgage Association 150446 2.50 Tba

      United States Int Fixed Interest AAA

      1.9%
    • Federal National Mortgage Assoc 150436 5

      United States Int Fixed Interest AAA

      1.87%
    • Export Development Canada 180129 2.625 Gb

      Canada Int Fixed Interest AAA

      1.13%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 22.55%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 100.0% 77.52%
    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% -0.06%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 0.37% Animal Cruelty
  • 1.53% Human Rights Violations
  • 0.25% Social Harm
  • 1.96% Fossil Fuels
  • 0.09% Weapons
  • 0.76% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • International Flavors & Fragrances, Inc.
      0.14%
      0.14%
    • Celanese US Holdings Llc
      0.13%
      0.13%
    • Syngenta
      0.05%
      0.05%
    • Dupont De Nemours
      0.03%
      0.03%
    • Solvay SA
      0.02%
      0.02%
  • Human Rights Violations

    • UBS
      0.90%
      0.90%
    • Glencore
      0.21%
      0.21%
    • Saudi Aramco
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • General Motors
      0.14%
      0.14%
    • Wells Fargo
      0.09%
      0.09%
  • Fossil Fuels

    • Glencore
      0.21%
      0.21%
    • Energy Transfer Lp
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • Saudi Aramco
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • Enel
      0.16%
      1.5°C
      This company is on a 1.5°C pathway
      0.16%
    • Électricité De France SA
      0.14%
      0.14%
    • Enbridge, Inc.
      0.12%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.12%
    • Diamondback Energy, Inc.
      0.11%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.11%
    • Galaxy Pipeline Assets Bidco Ltd.
      0.10%
      0.10%
    • Qatarenergy
      0.09%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.09%
    • Dte Energy Co.
      0.08%
      0.08%
    • E.On Se
      0.08%
      0.08%
    • Occidental Petroleum Corp.
      0.08%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.08%
    • Nisource, Inc.
      0.07%
      0.07%
    • National Grid PLC
      0.06%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.06%
    • Abu Dhabi National Oil Company (Adnoc)
      0.05%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.05%
    • BP
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Cheniere Energy, Inc.
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Vale Overseas Ltd
      0.04%
      0.04%
    • Sempra Energy
      0.03%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.03%
    • The Williams Cos., Inc.
      0.03%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.03%
    • Totalenergies Se
      0.03%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.03%
    • Wintershall Dea
      0.02%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.02%
  • Weapons

    • Rtx Corp.
      0.09%
      0.09%
  • Environmental Harm

    • Glencore
      0.21%
      0.21%
    • Energy Transfer Lp
      0.19%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.19%
    • Bunge
      0.17%
      0.17%
    • 0.10%
    • Syngenta
      0.05%
      0.05%
    • Vale Overseas Ltd
      0.04%
      0.04%

About this Fund

The fund aims to provide investors with regular income by constructing an actively managed investment portfolio of investments with the potential for capital gain from global fixed interest markets.

Value $324M NZD
Period of data report 31st March 2025
Fund started 13th Dec. 2013
Total annual fund fees 0.8%
Total performance based fees 0.0%
Manager's basic fee 0.8%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Alan Clarke

Currently: Portfolio Manager, Diversified Funds & External Managers and member of the Investment Committee (1 years, 6 months)
Previously: Co-head of Diversified Portfolio Management - ANZ Investments (3 years, 8 months)

Stuart Williams

Currently: Managing Director and Chair of Investment Committee (2 years, 0 months)
Previously: Head of Equities – Nikko Asset Management New Zealand Limited (8 years, 7 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 3.87% 2.97%
2024 3.43% 3.42%
2023 -0.79% -4.02%
2022 -2.46% -3.39%
2021 2.15% 3.67%
2020 1.75% 3.1%
2019 2.76% 3.37%
2018 1.94% 1.45%
2017 1.52% 1.92%
2016 2.91% 3.47%

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 March 2025.

Top 10 Investments

  • France Republic Of Government 120625 0.00 Gb

    France Cash and Equivalents AA

    5.58%
  • United States Treasury 150525 0.00 Gb

    United States Cash and Equivalents AA+

    4.46%
  • Japan Treasury Disc Bill 190525 0.00 Gb

    Japan Cash and Equivalents

    4.0%
  • French Discount T-Bill 160425 0.00 Gb

    France Cash and Equivalents

    3.93%
  • Treasury Bill 080525 0.00 Gb

    United States Cash and Equivalents AA+

    3.27%
  • French Discount T-Bill 210525 0.00 Gb

    France Cash and Equivalents

    2.54%
  • USD BNP Paribas A/C

    United States Cash and Equivalents A+

    2.2%
  • Federal National Mortgage Association 150446 2.50 Tba

    United States Int Fixed Interest AAA

    1.9%
  • Federal National Mortgage Assoc 150436 5

    United States Int Fixed Interest AAA

    1.87%
  • Export Development Canada 180129 2.625 Gb

    Canada Int Fixed Interest AAA

    1.13%
Type Target Actual
Cash and Cash Equivalents 0.0% 22.55%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 77.52%
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% -0.06%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.