Nikko AM Balanced Fund

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Fund type: Growth fund

Past Returns: 6.01%

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

Annual Fees: 0.9%

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 PLC 220326 3.25 Cb 0.01%
Glencore Funding Llc 120329 4.875 Cb 0.01%
Glencore Funding Llc 290424 4.625 Cb 0.02%
Total SA 291249 3.369 Cb 0.02%

Weapons

Jacobs Engineering Group Inc 0.48%
Teledyne Technologies Inc 010424 0.95 Cb 0.02%

Gambling

Aristocrat Leisure Ltd 0.74%
Draftkings Inc 0.04%
Skycity Entertainment Group Limited 0.43%

Alcohol

Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.01%
Bacardi Ltd 150528 4.70 Cb 0.01%

Human Rights & Environmental Violations

Credit Suisse Group AG 110925 2.593 Cb 0.01%
Credit Suisse Group AG 120129 3.869 Cb 0.02%
Credit Suisse Group AG 140128 0.65 Cb 0.01%
Glencore Funding Llc 120329 4.875 Cb 0.01%
Glencore Funding Llc 290424 4.625 Cb 0.02%
Kbr Inc 0.48%

Animal Testing

Coca Cola Co USD 0.77%
Hp Inc 150429 4.00 Cb 0.02%
Kerry Group PLC-A 0.46%
Keurig Dr Pepper Inc 150926 2.55 Cb 0.02%
Tesco Corporate Treasury Services PLC 021128 1.875 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 Thu March 31st 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.

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 1.53% -1.32%
2021 32.66% 22.97%
2020 -4.45% -3.62%
2019 6.15% 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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Jpm Multi Manager Alternatives
    United States Other
    10.07%
  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    2.47%
  • USD BNP Paribas A/C
    New Zealand Cash and Equivalents A+
    2.07%
  • Infratil Limited
    New Zealand Australasian Equities
    1.9%
  • Microsoft Corp Usd0.00005
    United States International Equities
    1.76%
  • Contact Energy Limited
    New Zealand Australasian Equities
    1.64%
  • NZ Govt Inflation Index Bond 20/09/25
    New Zealand NZ Fixed Interest AAA
    1.48%
  • Ebos Group Limited
    New Zealand Australasian Equities
    1.39%
  • Fletcher Building Ltd
    New Zealand Australasian Equities
    1.19%
  • Japan Government 110422 0.0 Gb
    Japan Cash and Equivalents A+
    1.15%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.05%
New Zealand Fixed Interest 20.0% 20.04%
International Fixed Interest 10.0% 9.92%
Australasian Equities 21.0% 21.4%
International Equities 29.0% 28.5%
Listed Properties 5.0% 4.94%
Unlisted Properties 0.0% 0.0%
Other 15.0% 15.15%
Commodities 0.0% 0.0%

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

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:
    0.05%
  • Animal Testing:
    1.33%
  • Fossil Fuels:
    0.18%
  • Gambling:
    1.21%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.58%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.49%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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 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 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 $34M NZD
Period of data report Thu March 31st 2022
Fund started Tue April 3rd 2018
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.7%
Other management and administration charges 0.2%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Fergus Mcdonald

Currently: Head of Bonds and Currency - Nikko Asset Management (21 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 (6 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 (7 years, 8 months)
Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

James Wesley

Currently: Head of Distribution and Member of Investment Committee (8 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 (5 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 Thu March 31st 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.