Nikko AM Option Fund

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Not Mindful
Type: Defensive fund
Past Returns: *-15.94%

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

Annual Fees: 1.22%

Annual fees, including any membership and % management 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.


This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 and research organisations.

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
2020 1.67% -31.35%
2019 2.69% -0.52%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Morgan Stanley Collateral Account
    United Kingdom Cash and Equivalents
    15.19%
  • Westpac USD Cash Account
    New Zealand Cash and Equivalents
    13.41%
  • Barclays Collateral Account
    United Kingdom Cash and Equivalents
    10.19%
  • Kiwibank Limited 221121 Frn
    New Zealand NZ Fixed Interest A
    9.91%
  • ASB Bank Ltd 240222 4.20
    New Zealand NZ Fixed Interest AA-
    9.12%
  • Westpac NZD Cash Account
    New Zealand Cash and Equivalents AA-
    7.21%
  • Westpac New Zealand Ltd 140222
    New Zealand NZ Fixed Interest AA-
    6.66%
  • ANZ Wellington 140121 2.31
    New Zealand Cash and Equivalents AA-
    6.65%
  • ASB Bank Ltd 220222 Frn
    New Zealand NZ Fixed Interest AA-
    4.67%
  • Bank Of China NZ Ltd 171022 4.09
    New Zealand NZ Fixed Interest A
    3.63%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 33.0% 55.49%
New Zealand Fixed Interest 33.0% 42.58%
International Fixed Interest 33.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.93%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 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 Option Fund invests in cash and options relating to fixed interest investments and undertakes a leveraged trading strategy based on selling options over global government bonds. It is suited to investors who have an investment time frame of three years or longer and are comfortable to accept short sharp periods of high volatility."

Value $15k NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Tue April 3rd 2018
Total annual fund fees 1.22%
Total performance based fees 0.0%
Manager's basic fee 0.96%
Administration charges 0.26%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Fergus Mcdonald

Currently: Head of Bonds and Currency - Nikko Asset Management (19 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 (4 years, 5 months)
Previously: Director Head of Distribution - AMP Capital Investors NZ Limited (6 years, 4 months)

Ian Bellew

Currently: Fixed Income Manager (8 years, 6 months)
Previously: Cash Portfolio Manager - Nikko Asset Management New Zealand Limited (4 years, 10 months)

Matthew Johnson

Currently: Fixed Income Manager (1 years, 9 months)
Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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.