Nikko AM Balanced Fund

Not Mindful

Type: Growth fund

Past Returns: 7.94%

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

Annual Fees: 1.15%

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

BP Capital Markets America Inc 060224 3.79 Cb 0.01%
Cnac Hk Finbridge Co Ltd 190622 3.125 Cb 0.01%
Coca Cola Co 010650 2.60 Cb 0.03%
Coca Cola Co USD 0.50%
E On Se 290927 0.375 Cb 0.02%
Electricite De France SA 210928 4.50 Cb 0.02%
Gaz Finance PLC 250230 3.25 Cb 0.01%
Genesis Energy Ltd 030425 5.00 Cb 0.18%
Genesis Energy Ltd 080323 5.81 Gb 0.03%
Genesis Energy Ltd 200722 1.32 Gb 0.05%
Glencore Funding Llc 120329 4.875 Cb 0.02%
Glencore Funding Llc 290424 4.625 Cb 0.02%
Glencore Funding Llc 300523 4.125 Cb 0.02%
New Zealand Refining Company Limited 0.08%
Suncor Energy Inc 011224 3.6 Cb 0.02%
Suncor Energy Inc 150525 3.10 Cb 0.01%
Wintershall Dea Finance Bv 250928 1.332 Cb 0.01%

Weapons

Airbus Se 070432 2.375 Cb 0.02%
Woodward Inc 0.43%

Gambling

Aristocrat Leisure Ltd 0.63%
Skycity Entertainment Group Limited 0.65%

Alcohol

Anheuser Busch Companies Llc 010246 4.90 Cb 0.01%
Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.01%
Anheuser Busch Inbev Worldwide Inc 230129 4.75 Cb 0.04%
Bacardi Ltd 150528 4.70 Cb 0.01%
Constellation Brands Inc 010530 2.875 Cb 0.02%
Constellation Brands Inc 150223 3.2 Cd 0.02%
Diageo Capital PLC 290430 2.00 Cb 0.03%

Human Rights & Environmental Violations

Glencore Funding Llc 120329 4.875 Cb 0.02%
Glencore Funding Llc 290424 4.625 Cb 0.02%
Glencore Funding Llc 300523 4.125 Cb 0.02%

Animal Testing

Bayer Capital Corporation Bv 260626 1.50 Cb 0.010%
Cnac Hk Finbridge Co Ltd 190622 3.125 Cb 0.010%
Coca Cola Co 010650 2.60 Cb 0.030%
Coca Cola Co USD 0.500%
Dowdupont Inc 151128 4.725 Cb 0.010%
Firmenich Productions 301026 1.375 Cb 0.010%
Firmenich Productions Participations Sas 300430 1.75 Cb 0.010%
Johnson Matthey PLC 0.310%
Kerry Group PLC-A 0.560%
Keurig Dr Pepper Inc 150926 2.55 Cb 0.020%
Mondelez International Inc 130430 2.75 Cb 0.020%
Syngenta Finance AG 240423 4.441 Cb 0.010%
Syngenta Finance Nv 240425 4.892 Cb 0.010%
Unilever PLC 0.530%

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.

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	27.54%	22.97%
2020	-4.02%	-3.62%
2019	5.16%	4.46%

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:

Jpm Multi Manager Alternatives
Luxembourg Other

9.72%
Fisher & Paykel Healthcare
New Zealand Australasian Equities

2.96%
Spark New Zealand Limited
New Zealand Australasian Equities

2.0%
Infratil Limited
New Zealand Australasian Equities

1.66%
Westpac NZD Cash Account
New Zealand Cash and Equivalents AA-

1.58%
Summerset Group
New Zealand Australasian Equities

1.43%
Microsoft Corp
United States International Equities

1.35%
Morgan Stanley Collateral Account
United Kingdom Cash and Equivalents

1.2%
Amazon Com Inc
United States International Equities

1.01%
Contact Energy Limited
New Zealand Australasian Equities

0.98%

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%	0.13%
New Zealand Fixed Interest	20.0%	19.79%
International Fixed Interest	10.0%	9.84%
Australasian Equities	21.0%	21.29%
International Equities	29.0%	29.22%
Listed Properties	5.0%	5.03%
Unlisted Properties	0.0%	0.0%
Other	15.0%	14.7%
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 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:

0.17%
Animal Testing:

2.11%
Fossil Fuels:

1.19%
Gambling:

1.27%
GMOs:

0.00%
Human Rights & Environmental Violations:

0.07%
Palm Oil:

0.00%
Tobacco:

0.00%
Weapons:

0.45%

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 Balanced Fund’s strategy is to invest across a range of actively managed funds to create a diversified portfolio with a balanced mix of lower and higher risk assets."

Value	$23M NZD
Period of data report	Wed March 31st 2021
Fund started	Tue April 3rd 2018
Total annual fund fees	1.15%
Total performance based fees	0.2%
Manager's basic fee	0.72%
Administration charges	0.23%
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)
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)
Stuart Williams	Currently: Head of Equities and Member of Investment Committee (6 years, 8 months) Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)
James Wesley	Currently: Head of Distribution and Member of Investment Committee (7 years, 4 months) Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)
James Rogers	Currently: Chief Operating Officer and Member of Investment Committee (4 years, 0 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 Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v