Nikko AM Conservative Fund

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Fund type: Conservative fund

Past Returns: 3.24%

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

Annual Fees: 0.7%

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

Contact Energy Limited 0.34%
Genesis Energy Ltd 140328 4.17 Gb 0.18%
Genesis Energy Ltd 5% 03/04/2025 0.17%
SA Global Sukuk Ltd 170631 2.694 Cb 0.12%
Contact Energy Ltd 110428 5.82 Cb 0.10%
Channel Infrastructure NZ Limited 0.07%
Enterprise Products Operating Llc 150225 3.75 Cb 0.06%
Total SA 291249 3.369 Cb 0.05%
Glencore Funding Llc 290424 4.625 Cb 0.04%
BP Capital Markets PLC 220326 3.25 Cb 0.03%
BP Capital Markets PLC 220329 3.625 Cb 0.03%
Enel Spa 080627 1.375 Cb 0.03%
Glencore Funding Llc 120329 4.875 Cb 0.03%
Galaxy Pipeline Assets Bidco Ltd 310334 2.16 Cb 0.02%
Glencore Funding Llc 270426 1.625 Cb 0.02%
Iberdrola Finanzas SA 160827 1.575 Cb 0.02%
Iberdrola International Bv 090227 1.45 Cb 0.02%
Marathon Petroleum Corp 010428 3.8 Cb 0.02%
Sasol Financing Usa Llc 270324 5.875 Cb 0.02%
Ck Hutchison International 21 Ltd 150431 2.50 Cb 0.01%
Cms Energy Corp 011250 3.75 Cb 0.01%
Enel Finance International Nv 120741 2.875 Cb 0.01%
Energy Transfer Operating Lp 150550 5.00 Cb 0.01%
Galaxy Pipeline Assets Bidco Ltd 310336 2.625 Cb 0.01%
Reliance Industries Ltd 120152 3.625 Cb 0.01%
Sempra Energy 010228 3.40 Cb 0.01%
Totalenergies Se 170470 2.00 Cb 0.01%
Wintershall Dea Finance Bv 250928 1.332 Cb 0.01%

Weapons

Kbr Inc 0.24%
Teledyne Technologies Inc 010424 0.95 Cb 0.05%

Gambling

Skycity Entertainment Group Limited 0.13%
Aristocrat Leisure Ltd 0.08%

Alcohol

Anheuser Busch Inbev SA 310326 2.70 Cb 0.02%
Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.02%
Bacardi Ltd 150528 4.70 Cb 0.02%

Human Rights & Environmental Violations

Nestle SA 0.25%
Kbr Inc 0.24%
Wells Fargo and Co 300426 2.188 Cb 0.06%
Wells Fargo Commercial Mort Ser 22 C62 Cls A4 150455 Abs 0.05%
Glencore Funding Llc 290424 4.625 Cb 0.04%
Credit Suisse Group AG 110925 2.593 Cb 0.03%
Credit Suisse Group AG 120129 3.869 Cb 0.03%
Credit Suisse Group AG 140128 0.65 Cb 0.03%
Glencore Funding Llc 120329 4.875 Cb 0.03%
Meta Platforms Inc 150832 3.85 Cb 0.03%
Syngenta Finance AG 240423 4.441 Cb 0.03%
Wells Fargo Commercial Mortgage Ser 21 C59 Cls A5 150454 Abs 0.03%
Credit Suisse AG New York Branch 090425 2.95 Cb 0.02%
Credit Suisse Group AG 020426 3.25 Cb 0.02%
Glencore Funding Llc 270426 1.625 Cb 0.02%
Meta Platforms Inc 150852 4.45 Cb 0.02%
Syngenta Finance Nv 240425 4.892 Cb 0.02%
Thermo Fisher Scientific Finance Bv 181125 0.00 Cb 0.02%
Wells Fargo and Co 250733 4.897 Cb 0.02%
Energy Transfer Operating Lp 150550 5.00 Cb 0.01%

Animal Testing

Coca Cola Co USD 0.26%
Nestle SA 0.25%
Kerry Group PLC-A 0.20%
Keurig Dr Pepper Inc 150926 2.55 Cb 0.04%
Syngenta Finance AG 240423 4.441 Cb 0.03%
Tesco Corporate Treasury Services PLC 021128 1.875 Cb 0.03%
Celanese US Holdings Llc 190726 4.00 Cb 0.02%
Sasol Financing Usa Llc 270324 5.875 Cb 0.02%
Syngenta Finance Nv 240425 4.892 Cb 0.02%
International Flavors and Fragrances Inc 011025 1.23 Cb 0.01%
Reliance Industries Ltd 120152 3.625 Cb 0.01%

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

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 -0.26% -1.46%
2021 8.99% 11.53%
2020 0.27% -0.35%
2019 4.19% 4.8%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Jpm Multi Manager Alternatives
    United States Other
    5.02%
  • NZ Govt Inflation Index Bond 20/09/25
    New Zealand NZ Fixed Interest AAA
    1.98%
  • Govt National Mortgage Assoc. 151043 0.00
    United States Int Fixed Interest AAA
    1.43%
  • Japan Government 141122 0.00 Gb
    Japan Cash and Equivalents A+
    1.38%
  • Westpac NZ 1.439% 02/24/26
    New Zealand NZ Fixed Interest AA-
    1.32%
  • Hsbc Bank New Zealand 111124 Frn
    New Zealand NZ Fixed Interest AA-
    1.24%
  • Japan Government 200627 0.005 Gb
    Japan Int Fixed Interest A+
    1.22%
  • New Zealand Tax Trading Co 131022 Rcd
    New Zealand Cash and Equivalents AAA
    1.17%
  • Westpac New Zealand Ltd 160227 3.696 Cb
    New Zealand NZ Fixed Interest AA-
    1.15%
  • Rabobk Nfix3Fra + 38 28/06/2024
    New Zealand NZ Fixed Interest A
    1.14%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 20.71%
New Zealand Fixed Interest 35.0% 35.55%
International Fixed Interest 20.0% 19.77%
Australasian Equities 5.0% 4.88%
International Equities 10.0% 9.24%
Listed Properties 5.0% 4.8%
Unlisted Properties 0.0% 0.0%
Other 5.0% 5.05%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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:
    0.07%
  • Animal Testing:
    0.89%
  • Fossil Fuels:
    1.55%
  • Gambling:
    0.22%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.05%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.28%

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

In their own words

"The Conservative Fund’s strategy is to invest across a range of actively managed funds to create a diversified portfolio with a focus on lower risk assets."

Value $13M NZD
Period of data report Fri Sept. 30th 2022
Fund started Tue April 3rd 2018
Total annual fund fees 0.7%
Total performance based fees 0.0%
Manager's basic fee 0.7%
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 (6 years, 11 months)
Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

Fergus Mcdonald

Currently: Head of Bonds and Currency and Member of Investment Committee (22 years, 3 months)
Previously: NZ Fixed Interest Portfolio Manager - Tyndall Investment Management NZ Ltd (10 years, 5 months)

Stuart Williams

Currently: Head of Equities and Member of Investment Committee (8 years, 2 months)
Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

James Wesley

Currently: Head of Distribution and Member of Investment Committee (8 years, 10 months)
Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

James Rogers

Currently: Chief Operating Officer and Member of Investment Committee (5 years, 6 months)
Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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.