Funds
Nikko AM Global Bond 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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- SA Global Sukuk Ltd 170631 2.694 Cb 0.61%
- Enterprise Products Operating Llc 150225 3.75 Cb 0.29%
- Total SA 291249 3.369 Cb 0.23%
- Glencore Funding Llc 290424 4.625 Cb 0.21%
- Glencore Funding Llc 120329 4.875 Cb 0.16%
- BP Capital Markets PLC 220326 3.25 Cb 0.15%
- Enel Spa 080627 1.375 Cb 0.15%
- BP Capital Markets PLC 220329 3.625 Cb 0.13%
- Glencore Funding Llc 270426 1.625 Cb 0.10%
- Iberdrola Finanzas SA 160827 1.575 Cb 0.10%
- Iberdrola International Bv 090227 1.45 Cb 0.10%
- Galaxy Pipeline Assets Bidco Ltd 310334 2.16 Cb 0.08%
- Marathon Petroleum Corp 010428 3.8 Cb 0.08%
- Sasol Financing Usa Llc 270324 5.875 Cb 0.08%
- Ck Hutchison International 21 Ltd 150431 2.50 Cb 0.07%
- Cms Energy Corp 011250 3.75 Cb 0.07%
- Enel Finance International Nv 120741 2.875 Cb 0.07%
- Energy Transfer Operating Lp 150550 5.00 Cb 0.07%
- Galaxy Pipeline Assets Bidco Ltd 310336 2.625 Cb 0.07%
- Reliance Industries Ltd 120152 3.625 Cb 0.07%
- Wintershall Dea Finance Bv 250928 1.332 Cb 0.07%
- Sempra Energy 010228 3.40 Cb 0.06%
- Totalenergies Se 170470 2.00 Cb 0.05%
- Enel Spa 241181 3.35 Cb 0.04%
- Energy Transfer Operating Lp 150429 5.25 Cb 0.04%
- Engie SA 130326 1.00 Cb 0.04%
- Occidental Petroleum Corp 150326 5.55 Cb 0.04%
- Sunoco Logistics Partners Operations Lp 011027 4.00 Cb 0.04%
- Wintershall Dea Finance Bv 250925 0.84 Cb 0.04%
- Pioneer Natural Resources Co 150126 1.125 Cb 0.03%
- Ameren Corp 150924 2.50 Cb 0.02%
- Devon Energy Corp 151225 5.85 Cb 0.02%
- Mplx Lp 150249 5.50 Cb 0.02%
- Occidental Petroleum Corp 150936 6.45 Cb 0.02%
- Sunoco Logistics Partners Operations Lp 010444 5.30 Cb 0.02%
Weapons
- Teledyne Technologies Inc 010424 0.95 Cb 0.23%
Alcohol
- Bacardi Ltd 150528 4.70 Cb 0.12%
- Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.11%
- Anheuser Busch Inbev SA 310326 2.70 Cb 0.08%
- Diageo Finance PLC 200526 2.375 Cb 0.04%
Human Rights & Environmental Violations
- Wells Fargo and Co 300426 2.188 Cb 0.29%
- Wells Fargo Commercial Mort Ser 22 C62 Cls A4 150455 Abs 0.23%
- Glencore Funding Llc 290424 4.625 Cb 0.21%
- Credit Suisse Group AG 120129 3.869 Cb 0.17%
- Meta Platforms Inc 150832 3.85 Cb 0.17%
- Glencore Funding Llc 120329 4.875 Cb 0.16%
- Wells Fargo Commercial Mortgage Ser 21 C59 Cls A5 150454 Abs 0.16%
- Credit Suisse Group AG 110925 2.593 Cb 0.15%
- Credit Suisse Group AG 140128 0.65 Cb 0.15%
- Syngenta Finance AG 240423 4.441 Cb 0.13%
- Credit Suisse AG New York Branch 090425 2.95 Cb 0.12%
- Meta Platforms Inc 150852 4.45 Cb 0.12%
- Thermo Fisher Scientific Finance Bv 181125 0.00 Cb 0.12%
- Wells Fargo and Co 250733 4.897 Cb 0.11%
- Credit Suisse Group AG 020426 3.25 Cb 0.10%
- Glencore Funding Llc 270426 1.625 Cb 0.10%
- Syngenta Finance Nv 240425 4.892 Cb 0.10%
- Energy Transfer Operating Lp 150550 5.00 Cb 0.07%
- Wells Fargo Commercial Mtg Trust Sr 16 C37 Cl D 151249 Abs 0.05%
- Credit Suisse Mortgage Trust Se 21 Nqm8 Cl A1 251066 Abs 0.04%
- Energy Transfer Operating Lp 150429 5.25 Cb 0.04%
Animal Cruelty
- Keurig Dr Pepper Inc 150926 2.55 Cb 0.19%
- Tesco Corporate Treasury Services PLC 021128 1.875 Cb 0.14%
- Syngenta Finance AG 240423 4.441 Cb 0.13%
- Celanese US Holdings Llc 190726 4.00 Cb 0.10%
- Syngenta Finance Nv 240425 4.892 Cb 0.10%
- Sasol Financing Usa Llc 270324 5.875 Cb 0.08%
- Reliance Industries Ltd 120152 3.625 Cb 0.07%
- International Flavors and Fragrances Inc 011025 1.23 Cb 0.06%
- International Flavors and Fragrances Inc 151027 1.832 Cb 0.02%
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 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 | $89M NZD |
| Period of data report | 31st Dec. 2022 |
| 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 |
Key Personnel
|
George Carter |
Currently: Managing Director and Member of Investment Committee (7 years, 2 months) |
|
Fergus Mcdonald |
Currently: Head of Bonds and Currency and Member of Investment Committee (22 years, 6 months) |
|
Stuart Williams |
Currently: Head of Equities and Member of Investment Committee (8 years, 5 months) |
|
James Wesley |
Currently: Head of Distribution and Member of Investment Committee (9 years, 1 months) |
|
James Rogers |
Currently: Chief Operating Officer and Member of Investment Committee (5 years, 9 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 | 0.35% | |
| Animal Cruelty | 0.89% | |
| Fossil Fuels | 3.43% | |
| Gambling | 0.00% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 2.81% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.23% |
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 |
|---|---|---|
| 2022 | -2.19% | -3.39% |
| 2021 | 1.34% | 3.67% |
| 2020 | 1.00% | 3.1% |
| 2019 | 2.36% | 3.37% |
| 2018 | 1.94% | 1.45% |
| 2017 | 1.52% | 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 31st Dec. 2022.
Top 10 Investments
-
Japan Government 060223 0.00 Gb
Japan Cash and Equivalents A+8.44% -
Japan Government Of 270323 0.00 Gb
Japan Cash and Equivalents A+6.7% -
Japan Government 060123 0.00 Gb
Japan Cash and Equivalents A+6.7% -
Japan Government 130223 0.00 Gb
Japan Cash and Equivalents A+5.18% -
USD BNP Paribas A/C
United States Cash and Equivalents A+5.12% -
Gnma Ii 3O Year Single Family 201052 4.50 Mbs
United States Int Fixed Interest AAA2.71% -
Japan Government 010924 0.005 Gb
Japan Int Fixed Interest A+2.39% -
Japan Government 010724 0.005 Gb
Japan Int Fixed Interest A+2.14% -
Japan Government Of 200932 0.20 Gb
Japan Int Fixed Interest A+1.99% -
Federal National Mortgage Association 150144
United States Int Fixed Interest AAA1.97%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 10.71% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 89.57% |
| 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% | -0.28% |
| 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.