Funds

Nikko AM NZ Bond Fund

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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.

This fund has no investments in issues of concern

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

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. 2024 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 New Zealand bonds, deposits and cash while protecting the capital value.

Value $176M NZD
Period of data report 30th Sept. 2024
Fund started 13th Jan. 2011
Total annual fund fees 0.65%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Stuart Williams

Currently: Managing Director and Chair of Investment Committee (1 years, 6 months)
Previously: Head of Equities – Nikko Asset Management New Zealand Limited (8 years, 7 months)

Fergus Mcdonald

Currently: Head of Bonds & Currency and Member of Investment Committee (24 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 (12 years, 9 months)
Previously: Cash Portfolio Manager -Nikko Asset Management New Zealand Limited (4 years, 9 months)

Matthew Johnson

Currently: Fixed Income Manager (6 years, 0 months)
Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.

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
2024 3.59% 3.26%
2023 -0.79% -0.53%
2022 -2.46% -4.55%
2021 2.15% 1.47%
2020 1.75% 2.75%
2019 2.76% 4.8%
2018 1.94% 3.5%
2017 1.52% 1.18%
2016 2.91% 4.28%
2015 5.21% 6.29%

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 30th Sept. 2024.

Top 10 Investments

  • NZ Government 2.75% 15/04/2037
    New Zealand NZ Fixed Interest AAA
    9.69%
  • NZ Government 150534 4.25 Gb
    New Zealand NZ Fixed Interest AAA
    9.13%
  • NZ Government 150541 1.75 Gb
    New Zealand NZ Fixed Interest AAA
    6.87%
  • New Zealand Government 150535 4.50 Gb
    New Zealand NZ Fixed Interest AAA
    4.09%
  • Housing NZ 1.534% 10/09/2035
    New Zealand NZ Fixed Interest AAA
    3.39%
  • NZ Government Bond 2% 15/05/2032
    New Zealand NZ Fixed Interest AAA
    3.36%
  • Rabo 5.31% 05/04/2029
    Netherlands NZ Fixed Interest A+
    3.03%
  • Kommunalbanken As 1.25% 02/07/2030
    Norway NZ Fixed Interest AAA
    2.75%
  • Westpac New Zealand Ltd 160932 6.19 Cb
    New Zealand Fund A
    1.89%
  • Westpac New Zealand Ltd 240929 4.34 Cb
    New Zealand NZ Fixed Interest AA-
    1.84%
Type Target Actual
Cash and Cash Equivalents 0.0% 5.44%
New Zealand Fixed Interest 100.0% 94.56%
International Fixed Interest 0.0% 0.0%
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%

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 30th Sept. 2024.