Nikko AM Balanced Fund

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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%

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 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.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.