Nikko AM Income Fund

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Not Mindful
Type: Conservative fund
Past Returns: 0.05%

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

Annual Fees: 1.07%

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

Genesis Energy Ltd 1.93%
Genesis Energy Ltd 030425 5.00 Cb 0.05%
Genesis Energy Ltd 200722 1.32 Gb 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 Wed Sept. 30th 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, Sustainalytics and research organisations.

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.

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 -0.18% -7.23%
2019 4.54% 3.15%
2018 3.22% 4.23%
2017 3.53% 1.42%
2016 2.92% 6.59%
2015 8.63% 5.3%
2014 5.69% 2.66%
2013 8.30% 6.83%
2012 2.27% 2.94%
2011 4.69% 7.54%

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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • NZ Local Government Funding Agency 140433 3.50
    New Zealand NZ Fixed Interest AA+
    7.57%
  • Fonterra Co Operative Group Ltd 190625 5.08
    New Zealand NZ Fixed Interest A-
    4.55%
  • Tr Group Ltd 070324 4.533
    New Zealand NZ Fixed Interest BBB-
    4.2%
  • Auckland International Airport Limited 101024 3.51
    New Zealand NZ Fixed Interest A-
    4.17%
  • Westpac Banking Corp 010926 4.695
    New Zealand NZ Fixed Interest BBB+
    4.14%
  • Sbs Bank 280328 7.16
    New Zealand NZ Fixed Interest BB+
    4.12%
  • Westpac NZD Cash Account
    New Zealand International Equities AA-
    3.81%
  • Housing New Zealand Ltd 240430 2.183
    New Zealand NZ Fixed Interest AA+
    3.26%
  • New Zealand Government 150541 1.75
    New Zealand NZ Fixed Interest AA+
    3.23%
  • Christchurch International Airport Ltd 240524 4.13
    New Zealand NZ Fixed Interest BBB+
    3.16%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 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% 9.52%
New Zealand Fixed Interest 62.5% 62.52%
International Fixed Interest 0.0% 0.0%
Australasian Equities 30.0% 20.99%
International Equities 0.0% 0.0%
Listed Properties 0.0% 6.98%
Unlisted Properties 0.0% 0.0%
Other 7.5% -0.01%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    2.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics and research organisations.

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 Nikko AM Income Fund aims to provide investors with regular income from an actively managed investment portfolio and to outperform the RBNZ Official Cash Rate by 3.0% p.A. Over a rolling three year period before fees expenses and taxes. The Nikko AM Income Fund invests in NZ fixed interest Australasian equities and property and multiple Nikko AM Funds"

Value $3.5M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Tue Oct. 16th 2007
Total annual fund fees 1.07%
Total performance based fees 0.0%
Manager's basic fee 0.81%
Administration charges 0.26%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Fergus Mcdonald

Currently: Head of Bonds and Currency - Nikko Asset Management (20 years, 3 months)
Previously: NZ Fixed Interest Portfolio Manager - Nikko Asset Management New Zealand Limited (10 years, 5 months)

Ian Bellew

Currently: Fixed Income Manager - Nikko Asset Management (8 years, 9 months)
Previously: Cash Portfolio Manager - Nikko Asset Management New Zealand Limited (4 years, 10 months)

Matthew Johnson

Currently: Fixed Income Manager - Nikko Asset Management (1 years, 11 months)
Previously: Senior Strategy Analyst - The Comfort Group - Asia Pacific (1 years, 4 months)

George Carter

Currently: Managing Director - Nikko Asset Management (4 years, 11 months)
Previously: Director Head of Distribution - AMP Capital Investors NZ Limited (6 years, 4 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.