Nikko AM Global Bond Fund

Not Mindful

Type: Defensive fund

Past Returns: 2.64%

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

Annual Fees: 0.9%

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.

Fossil Fuel

Ameren Corp 150924 2.50 Cb 0.02%
BP Capital Markets America Inc 060224 3.79 Cb 0.29%
BP Capital Markets America Inc 060522 3.245 Cb 0.01%
BP Capital Markets PLC 100224 3.814 Cb 0.03%
Devon Energy Corp 150542 4.75 Cb 0.02%
Devon Energy Corp 151225 5.85 Cb 0.02%
Energy Transfer Operating Lp 150429 5.25 Cb 0.04%
Energy Transfer Operating Lp 150550 5.00 Cb 0.08%
Engie SA 300332 2.125 Cb 0.12%
Eqm Midstream Partners Lp 150723 4.75 Cb 0.04%
Gaz Capital SA 160837 7.288 Cb 0.10%
Glencore Funding Llc 290424 4.625 Cb 0.24%
Glencore Funding Llc 300523 4.125 Cb 0.19%
Marathon Petroleum Corp 010428 3.8 Cb 0.09%
Mplx Lp 150249 5.50 Cb 0.02%
Mplx Lp 150438 4.50 Cb 0.04%
Occidental Petroleum Corp 150326 5.55 Cb 0.05%
Occidental Petroleum Corp 150936 6.45 Cb 0.01%
Origin Energy Finance Ltd 170929 1.00 Cb 0.07%
Petroleos Mexicanos 150323 5.125 Gb 0.08%
Petroleos Mexicanos 230127 6.49 Cb 0.02%
Sasol Financing Usa Llc 270324 5.875 Cb 0.07%
Suncor Energy Inc 011224 3.6 Cb 0.22%
Sunoco Logistics Partners Operations Lp 010444 5.30 Cb 0.02%
Sunoco Logistics Partners Operations Lp 011027 4.00 Cb 0.04%
Total Capital International SA 120749 3.461 Cb 0.05%
Western Gas Partners 150828 4.75 Cb 0.01%

Weapons

United Technologies Corp 160823 3.65 Cb 0.02%

Alcohol

Anheuser Busch Companies Llc 010246 4.90 Cb 0.11%
Anheuser Busch Inbev Nv 020440 3.70 Cb 0.08%
Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.16%
Anheuser Busch Inbev Worldwide Inc 230125 4.15 Cb 0.08%
Anheuser Busch Inbev Worldwide Inc 230129 4.75 Cb 0.45%
Bacardi Ltd 150528 4.70 Cb 0.16%
Constellation Brands Inc 061226 3.70 Cb 0.10%
Constellation Brands Inc 150223 3.2 Cd 0.20%

GMOs

Dowdupont Inc 151125 4.493 Cb 0.08%
Dowdupont Inc 151128 4.725 Cb 0.17%
Syngenta Finance AG 240423 4.441 Cb 0.15%
Syngenta Finance Nv 240425 4.892 Cb 0.13%

Human Rights & Environmental Violations

Archer Daniels Midlands Co 270330 3.25 Cb 0.08%
Glencore Funding Llc 290424 4.625 Cb 0.24%
Glencore Funding Llc 300523 4.125 Cb 0.19%
Nestle Finance International Ltd SA 010430 1.50 Cb 0.06%
Sempra Energy 010228 3.40 Cb 0.08%

Animal Testing

Archer Daniels Midlands Co 270330 3.25 Cb 0.080%
Bayer Capital Corporation Bv 260626 1.50 Cb 0.110%
Bayer US Finance Ii Llc 151225 4.25 Cb 0.160%
Dowdupont Inc 151125 4.493 Cb 0.080%
Dowdupont Inc 151128 4.725 Cb 0.170%
Kimberly Clark Corp 260330 3.10 Cb 0.030%
Kraft Heinz Foods Co 020720 2.80 Cb 0.010%
Nestle Finance International Ltd SA 010430 1.50 Cb 0.060%
Pepsico Inc 190350 3.625 Cb 0.060%
Procter and Gamble Co 250350 3.6 Cb 0.060%
Syngenta Finance AG 240423 4.441 Cb 0.150%
Syngenta Finance Nv 240425 4.892 Cb 0.130%
Unilever Nv 250330 1.75 Cb 0.090%

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

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	1.67%	3.1%
2019	2.69%	3.37%
2018	2.37%	1.45%
2017	1.63%	1.92%
2016	2.91%	3.47%
2015	5.21%	5.92%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

Japan Government 010622 0.10
Japan Int Fixed Interest A+

5.17%
Fnma 010743 0.00
United States Int Fixed Interest AA+

4.65%
Gnma 150743 0.0
United States Int Fixed Interest AA+

3.76%
Westpac USD Cash Account
New Zealand Cash and Equivalents

2.44%
Fnma 30Yr Conventional 150734 5.0
United States Int Fixed Interest AA+

2.44%
Fnma 150843 0.00
United States Int Fixed Interest AA+

2.32%
Fnma 150741 3.5
United States Int Fixed Interest AA+

1.88%
European Investment Bank 130924 0.875
Luxembourg Int Fixed Interest AAA

1.62%
Gnma 15073
United States Int Fixed Interest AA+

1.43%
Japan Government 200323 0.60
Japan Int Fixed Interest A+

1.42%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	0.0%	-18.04%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	100.0%	118.04%
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%	0.0%
Commodities	0.0%	0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 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:

1.35%
Animal Testing:

1.19%
Fossil Fuels:

2.03%
Gambling:

0.00%
GMOs:

0.53%
Human Rights & Environmental Violations:

0.64%
Palm Oil:

0.00%
Tobacco:

0.00%
Weapons:

0.02%

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 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 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	$39M NZD
Period of data report	Tue June 30th 2020
Members	Not provided
Fund started	Fri Dec. 13th 2013
Total annual fund fees	0.9%
Total performance based fees	0.0%
Manager's basic fee	0.66%
Administration charges	0.24%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Fergus Mcdonald	Currently: Head of Bonds and Currency - Nikko Asset Management (19 years, 9 months) Previously: NZ Fixed Interest Portfolio Manager - Nikko Asset Management New Zealand Limited (10 years, 5 months)
George Carter	Currently: Managing Director - Nikko Asset Management (4 years, 5 months) Previously: Director Head of Distribution - AMP Capital Investors NZ Limited (6 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)
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 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)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v