Funds
Nikko AM Global Equity Hedged 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
- Suncor Energy Inc 2.33%
- Anglo American PLC 2.21%
- Shell PLC Ord Eur0.07 1.35%
Weapons
- Safran SA 1.55%
- Amphenol Corp Cl A 0.95%
- Kbr Inc 0.81%
- Heico Corp Com Usd0.01 0.56%
Gambling
- Evolution Ab 0.35%
Alcohol
- Pernod-Ricard SA 0.56%
Human Rights & Environmental Violations
- Shell PLC Ord Eur0.07 1.35%
- Thermo Fisher Scientific Inc 1.14%
- Nestle SA 0.86%
- Kbr Inc 0.81%
Animal Cruelty
- Shell PLC Ord Eur0.07 1.35%
- Coca Cola Co USD 0.90%
- Nestle SA 0.86%
- Kerry Group PLC-A 0.68%
- LVMH Moet Hennessy Vuitton Se 0.67%
- Entegris Inc 0.46%
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 provides investors with long term growth from an actively managed investment portfolio selected from global equity markets with currency exposure created as a consequence of global equity investment gross hedged 139% to the New Zealand Dollar.
| Value | $18M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 14th Jan. 2013 |
| Total annual fund fees | 1.42% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.42% |
| 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 | 0.56% | |
| Animal Cruelty | 4.93% | |
| Fossil Fuels | 5.90% | |
| Gambling | 0.35% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 4.16% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 3.86% |
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 | 3.19% | 8.36% |
| 2021 | 36.07% | 55.53% |
| 2020 | -7.33% | -9.75% |
| 2019 | 10.16% | 4.84% |
| 2018 | 7.53% | 11.11% |
| 2017 | 9.49% | 12.07% |
| 2016 | 4.71% | 0.67% |
| 2015 | 14.67% | 16.17% |
| 2014 | 10.13% | 13.48% |
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
-
Microsoft Corp
United States International Equities4.97% -
Westpac 11Am Call Account
New Zealand Cash and Equivalents AA-3.4% -
Amazon Com Inc
United States International Equities2.97% -
Unitedhealth Group Inc
United States International Equities2.92% -
NZD BNP Paribas A/C
New Zealand Cash and Equivalents A-12.88% -
Visa Inc - A
United States International Equities2.64% -
Progressive Corp
United States International Equities2.57% -
Reliance Steel & Aluminum Co
United States International Equities2.28% -
Steel Dynamics Inc
United States International Equities2.17% -
Old Dominion Freight Line Inc
United States International Equities2.07%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 7.59% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 100.0% | 91.87% |
| Listed Properties | 0.0% | 0.54% |
| 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.