Nikko AM NZ Corporate Bond Fund

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Type: Defensive fund
Past Returns: 3.22%

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

Annual Fees: 0.79%

Annual fees, including management and administration fees, but not membership 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 030425 5.00 Cb 1.52%
Genesis Energy Ltd 080323 5.81 Gb 0.13%
Genesis Energy Ltd 200722 1.32 Gb 0.12%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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.

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
2021 1.23% 2.96%
2020 0.88% 2.33%
2019 2.43% 4.36%
2018 1.98% 3.89%
2017 1.52% 1.95%
2016 2.91% 4.39%
2015 5.21% 6.32%
2014 1.36% 1.65%
2013 4.22% 5.73%
2012 3.86% 5.14%

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 March 31st 2021.

Showing the top 10 investments for this fund:

  • Westpac New Zealand 240226 1.439
    New Zealand NZ Fixed Interest AA-
    3.85%
  • ASB Bank Ltd 190824 1.83
    New Zealand NZ Fixed Interest AA-
    3.69%
  • Kiwibank Ltd 200924 2.155
    New Zealand NZ Fixed Interest A
    3.16%
  • Westpac NZ Cash Account
    New Zealand Cash and Equivalents AA-
    3.15%
  • Bank Of New Zealand 150623 4.102
    New Zealand NZ Fixed Interest AA-
    2.73%
  • Insurance Australia Group Ltd 150643 5.15
    New Zealand NZ Fixed Interest BBB
    2.66%
  • Landeskreditbank Baden 150427 4.00
    New Zealand NZ Fixed Interest AA+
    2.64%
  • Fonterra Co Operative Group Ltd 190625 5.08
    New Zealand NZ Fixed Interest A-
    2.61%
  • Transpower New Zealand Ltd 040925 1.735
    New Zealand NZ Fixed Interest AA
    2.52%
  • Kommunalbanken 020730 1.25
    New Zealand NZ Fixed Interest AAA
    2.48%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 9.22%
New Zealand Fixed Interest 100.0% 90.78%
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%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

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).

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:
    1.77%
  • 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 March 31st 2021 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 exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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.

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 whilst preserving the capital value."

Value $290M NZD
Period of data report Wed March 31st 2021
Fund started Mon July 13th 2009
Total annual fund fees 0.79%
Total performance based fees 0.0%
Manager's basic fee 0.71%
Other management and administration charges 0.08%
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, 9 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 (9 years, 3 months)
Previously: Cash Portfolio Manager - Nikko Asset Management New Zealand Limited (4 years, 10 months)

Matthew Johnson

Currently: Fixed Income Manager - Nikko Asset Management (2 years, 4 months)
Previously: Senior Strategy Analyst - The Comfort Group - Asia Pacific (2 years, 6 months)

George Carter

Currently: Managing Director - Nikko Asset Management (5 years, 5 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 March 31st 2021.

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.