Funds
Nikko AM Balanced Fund
Issues of concern
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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Contact Energy Limited 1.47%
- Channel Infrastructure NZ Limited 0.19%
- Genesis Energy Ltd 140328 4.17 Gb 0.09%
- Genesis Energy Ltd 5% 03/04/2025 0.09%
- SA Global Sukuk Ltd 170631 2.694 Cb 0.06%
- Contact Energy Ltd 110428 5.82 Cb 0.05%
- Enterprise Products Operating Llc 150225 3.75 Cb 0.03%
- BP Capital Markets PLC 220326 3.25 Cb 0.02%
- Enel Spa 080627 1.375 Cb 0.02%
- Glencore Funding Llc 120329 4.875 Cb 0.02%
- Glencore Funding Llc 290424 4.625 Cb 0.02%
- Total SA 291249 3.369 Cb 0.02%
- BP Capital Markets PLC 220329 3.625 Cb 0.01%
- Glencore Funding Llc 270426 1.625 Cb 0.01%
- Iberdrola International Bv 090227 1.45 Cb 0.01%
Weapons
- Kbr Inc 0.70%
- Teledyne Technologies Inc 010424 0.95 Cb 0.02%
Gambling
- Aristocrat Leisure Ltd 0.64%
- Skycity Entertainment Group Limited 0.58%
- Draftkings Inc 0.05%
Alcohol
- Anheuser Busch Inbev Worldwide Inc 150448 4.60 Cb 0.01%
- Bacardi Ltd 150528 4.70 Cb 0.01%
Human Rights & Environmental Violations
- Nestle SA 0.74%
- Kbr Inc 0.70%
- Wells Fargo and Co 300426 2.188 Cb 0.03%
- Credit Suisse Group AG 110925 2.593 Cb 0.02%
- Credit Suisse Group AG 120129 3.869 Cb 0.02%
- Credit Suisse Group AG 140128 0.65 Cb 0.02%
- Glencore Funding Llc 120329 4.875 Cb 0.02%
- Glencore Funding Llc 290424 4.625 Cb 0.02%
- Meta Platforms Inc 150832 3.85 Cb 0.02%
- Wells Fargo Commercial Mort Ser 22 C62 Cls A4 150455 Abs 0.02%
- Wells Fargo Commercial Mortgage Ser 21 C59 Cls A5 150454 Abs 0.02%
- Credit Suisse AG New York Branch 090425 2.95 Cb 0.01%
- Credit Suisse Group AG 020426 3.25 Cb 0.01%
- Glencore Funding Llc 270426 1.625 Cb 0.01%
- Meta Platforms Inc 150852 4.45 Cb 0.01%
- Syngenta Finance AG 240423 4.441 Cb 0.01%
- Syngenta Finance Nv 240425 4.892 Cb 0.01%
- Thermo Fisher Scientific Finance Bv 181125 0.00 Cb 0.01%
- Wells Fargo and Co 250733 4.897 Cb 0.01%
Animal Cruelty
- Coca Cola Co USD 0.78%
- Nestle SA 0.74%
- Kerry Group PLC-A 0.58%
- Keurig Dr Pepper Inc 150926 2.55 Cb 0.02%
- Celanese US Holdings Llc 190726 4.00 Cb 0.01%
- Syngenta Finance AG 240423 4.441 Cb 0.01%
- Syngenta Finance Nv 240425 4.892 Cb 0.01%
- 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 30th Sept. 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.
About this fund
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 | $29M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 3rd April 2018 |
| Total annual fund fees | 0.92% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.72% |
| Other management and administration charges | 0.1% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
George Carter |
Currently: Managing Director and Member of Investment Committee (7 years, 2 months) |
|
Fergus Mcdonald |
Currently: Head of Bonds and Currency and Member of Investment Committee (22 years, 6 months) |
|
Stuart Williams |
Currently: Head of Equities and Member of Investment Committee (8 years, 5 months) |
|
James Wesley |
Currently: Head of Distribution and Member of Investment Committee (9 years, 1 months) |
|
James Rogers |
Currently: Chief Operating Officer and Member of Investment Committee (5 years, 9 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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 | 0.04% | |
| Animal Cruelty | 2.19% | |
| Fossil Fuels | 2.25% | |
| Gambling | 1.27% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 1.73% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.72% |
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 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.
Past Returns
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 31st Dec. 2022.
Top 10 Investments
-
Jpm Multi Manager Alternatives
United States Other10.26% -
United States Treasury 150832 2.75
United States Int Fixed Interest AA+2.27% -
Infratil Limited
New Zealand Australasian Equities1.74% -
Fisher & Paykel Healthcare
New Zealand Australasian Equities1.66% -
Westpac 11Am Call Account
New Zealand Cash and Equivalents AA-1.61% -
Contact Energy Limited
New Zealand Australasian Equities1.5% -
Microsoft Corp
United States International Equities1.25% -
NZ Govt Inflation Index Bond 20/09/25
New Zealand NZ Fixed Interest AAA1.21% -
Mainfreight Limited
New Zealand Australasian Equities1.15% -
Hdfc Bank Ltd
India International Equities0.98%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.07% |
| New Zealand Fixed Interest | 20.0% | 20.91% |
| International Fixed Interest | 10.0% | 10.35% |
| Australasian Equities | 17.0% | 18.59% |
| International Equities | 33.0% | 29.98% |
| Listed Properties | 5.0% | 5.03% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 15.0% | 15.07% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.