Nikko AM NZ Cash Fund

In their own words: "The Cash Fund aims to generate income by constructing an actively managed investment portfolio of short term deposits and bonds whilst preserving capital value"

Not Mindful
Type: Defensive fund
Past Returns: *1.89%

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

Annual Fees: 0.46%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND9386
Name Nikko AM NZ Cash Fund
Risk profile Defensive fund
Description The Cash Fund aims to generate income by constructing an actively managed investment portfolio of short term deposits and bonds whilst preserving capital value
Value $710k NZD
Members 12
Market index description Bloomberg NZBond Bank Bill Index
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Tue April 3rd 2018
Three-year average return *1.89%
Market index past year return 1.62%
Past year return net charges and tax 1.84%
Past year return net of charges gross of tax 2.54%
Market index return since fund started 1.77%
Return since fund started net 1.84%
Total annual fund fees 0.46%
Total performance based fees 0.0%
Manager's basic fee 0.46%
Administration charges 0.0%
Total other charges 30.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 2.26% 1.89%

The market index is the average NZ KiwiSaver 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 KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Westpac New Zealand Ltd 140222 Frn
    New Zealand NZ Fixed Interest AA-
    6.98%
  • ASB Bank Ltd 220222 Frn
    New Zealand NZ Fixed Interest AA-
    6.63%
  • Kiwibank Limited 221121 Frn
    New Zealand NZ Fixed Interest A
    5.98%
  • Hsbc NZ 261121 Frn
    New Zealand NZ Fixed Interest AA-
    5.55%
  • Bank Of New Zealand 020720 2.45 Td
    New Zealand Cash and Equivalents AA-
    4.32%
  • Westpac NZD Call Account
    New Zealand Cash and Equivalents AA-
    4.19%
  • New Zealand Tax Trading Co 140120
    New Zealand Cash and Equivalents AA+
    3.64%
  • ASB Bank 250320 Td
    New Zealand Cash and Equivalents AA-
    3.51%
  • Co-Operative Rabobank 220321 Frn
    New Zealand NZ Fixed Interest A+
    2.83%
  • Industrial and Commercial Bank Of China 110621 Frn
    New Zealand NZ Fixed Interest A
    2.8%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 100.0% 64.62%
New Zealand Fixed Interest 0.0% 35.38%
International Fixed Interest 0.0% 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%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Fergus Mcdonald

    Currently: Head of Bonds and Currency and Member of Investment Committee (19 years, 6 months)
    Previously: NZ Fixed Interest Portfolio Manager - Tyndall Investment Management NZ Ltd (10 years, 5 months)

  • George Carter

    Currently: Managing Director and Member of Investment Committee (4 years, 2 months)
    Previously: Director, Head of Distribution - AMP Capital Investors NZ Ltd (6 years, 4 months)

  • Ian Bellew

    Currently: Fixed Income Manager (8 years, 0 months)
    Previously: Cash & Currency Manager - Tyndall Investment Management NZ Ltd (4 years, 10 months)

  • James Rogers

    Currently: Chief Operating Officer and Member of Investment Committee (2 years, 9 months)
    Previously: Senior Project Manager - Nikko Asset Management New Zealand Limited (0 years, 4 months)

  • James Wesley

    Currently: Head of Distribution and Member of Investment Committee (6 years, 1 months)
    Previously: Head of Australia - Wholesale - Threadneedle Investments (3 years, 0 months)

  • Matthew Johnson

    Currently: Fixed Income Manager (1 years, 3 months)
    Previously: Senior Strategy Analyst - The Comfort Group (2 years, 6 months)

  • Michael De Cesare

    Currently: Portfolio Manager (1 years, 9 months)
    Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (5 years, 9 months)

  • Michael Sherrock

    Currently: Portfolio Manager (5 years, 2 months)
    Previously: Investment Analyst - Nikko Asset Management New Zealand Limited (8 years, 4 months)

  • Stuart Williams

    Currently: Head of Equities and Member of Investment Committee (5 years, 5 months)
    Previously: Portfolio Manager - OnePath (NZ) Limited (1 years, 7 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

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
    Is it excluded?
    Portfolio analysis
  • 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 KiwiSaver fund has filed with the Disclose register to 30 September 2019 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 KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Download the fund's disclosure statement and portfolio holdings.

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