- Provider website
- Minimum investment
$0
- Fund start date
13 July 2009
There are some aspects of this fund which may require extra consideration before deciding to invest.
Single asset class
Single-class funds, also called "single-sector", hold only one kind of investment (e.g. just shares or just bonds).
See the mix for this investment
Mix
This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 30 September 2024. The average mix for defensive managed funds is in grey.
Fees
Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. Compare with the average fees for defensive managed funds (in grey).
Returns
Returns (in green) show how much this fund has grown in value in five years up to 30 September 2024 – after fees and taxes. Compare with the average defensive managed fund (in grey).
Key facts
Here is what the provider says about this managed fund
“ The fund aims to provide investors with regular income by constructing an actively managed investment portfolio of New Zealand bonds, deposits and cash whilst preserving the capital value. ”
When can you get your money out?
For this managed fund (i.e. not a KiwiSaver fund), see the section of the PDS on withdrawing funds and how this works. Also, look for information about how long it takes to actually get paid after requesting a withdrawal, whether regular withdrawals are possible, and how often.
Mix
This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held on 30 September 2024.
You can also see the average for Defensive funds, which typically hold from 0% to 10% of growth assets.
This fund's asset mix
- Growth assets
- Income assets
- ASSET TYPE
- THIS FUND
- AVERAGE OF ALL DEFENSIVE MANAGED FUNDS
Breakdown on Property assets
| ACTUAL | TARGET | AVERAGE | |
|---|---|---|---|
| Total | 0.00% | — | 0.11% |
| Listed property | 0.00% | 0.00% | 0.04% |
| Unlisted property | 0.00% | 0.00% | 0.07% |
About property
Property refers to commercial real estate (not the family home) owned through property trusts or companies that own or develop real estate as their business. Properties are growth assets and can be listed on an exchange or be unlisted.
Breakdown on Other assets
| ACTUAL | TARGET | AVERAGE | |
|---|---|---|---|
| Total | 0.00% | — | 0.17% |
| Commodities | 0.00% | 0.00% | 0.00% |
| Other | 0.00% | 0.00% | 0.17% |
| Unknown | 0.00% | 0% | 0.00% |
What "other" means
This category can include alternative investments such as derivatives, often through a hedge fund. These "other" investments are typically considered growth assets, or high-risk investments.
Breakdown on Bonds assets
| ACTUAL | TARGET | AVERAGE | |
|---|---|---|---|
| Total | 91.12% | — | 71.96% |
| New Zealand bonds | 91.12% | 100.00% | 36.39% |
| International bonds | 0.00% | 0.00% | 35.56% |
About bonds
A bond is a bit like a term deposit at a bank, but it's effectively a loan you make to a company or government which they promise to pay back in full on a specific date. Until then, you receive regular interest at a fixed or agreed rate. Bonds are income assets and can also be called "fixed interest" or "debt securities". Since they can typically be traded on a secondary market, their value can go up and down. Here's more on the basics of bonds.
Breakdown on Cash assets
| ACTUAL | TARGET | AVERAGE | |
|---|---|---|---|
| Total | 8.88% | — | 27.64% |
| Cash and equivalents | 8.88% | 0.00% | 27.64% |
About cash
Cash is a kind of investment that generally pays you interest. (An exception to this are shariah-compliant funds, which can hold cash but are prohibted from earning interest.) Cash typically includes term deposits, floating-rate notes and money market accounts. Cash, which is often a loan to a bank, is considered an income asset. Here's more on investing in term deposits.
Top 10 investments
These assets make up 32.26% of this fund.
| Asset | Asset class | Type | Country | % of Fund |
|---|---|---|---|---|
| HOUSING NZ 1.534% 10/09/2035 | Bonds | New Zealand fixed interest | NZ | 4.22% |
| NZ LOCAL GOVT FUNDING AGENCY 150437 2.00 GB | Bonds | New Zealand fixed interest | NZ | 3.73% |
| RABO 5.31% 05/04/2029 | Bonds | New Zealand fixed interest | NL | 3.71% |
| INSURANCE AUSTRALIA GROUP LTD 150628 5.32 CB | Bonds | New Zealand fixed interest | AU | 3.39% |
| NZLGFA 3% 15/05/2035 | Bonds | New Zealand fixed interest | NZ | 3.29% |
| WESTPAC NEW ZEALAND LTD 160932 6.19 CB | Bonds | New Zealand fixed interest | NZ | 3.10% |
| NZ GOVERNMENT 2.75% 15/04/2037 | Bonds | New Zealand fixed interest | NZ | 3.01% |
| HOUSING NZ 3.42% 18/10/2028 | Bonds | New Zealand fixed interest | NZ | 2.87% |
| CHORUS LTD 4.35% 06/12/2028 | Cash | Cash and equivalents | NZ | 2.50% |
| WESTPAC NEW ZEALAND LTD 140234 6.73 CB | Bonds | New Zealand fixed interest | NZ | 2.44% |
Full list of investments this fund holds
Nikko AM NZ Corporate Bond Fund - Full Portfolio Holdings - 30-September-2024.xlsx
A complete list of the fund's holdings
Fees
Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. You can compare these with fees for the average defensive managed fund (in grey).
Fees breakdown
Here's a breakdown of the different charges in this fund (in purple), compared to the average defensive managed fund (in grey).
| Fee Type | % Over a Year | Amount Paid on a 10K Balance |
|---|---|---|
ManagementThis fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance. |
0.70%
AVG: 0.55%
|
$70.00
AVG: $55.27
|
OtherThis is a summary of other potential costs not covered in the categories displayed. |
0.00%
AVG: 0.09%
|
$0.00
AVG: $8.52
|
Performance-basedThese fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher. |
None
AVG: 0.03%
|
$0.00
AVG: $2.78
|
MembershipYou pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance. |
0.00%
AVG: 0.03%
|
$0.00
AVG: $2.92
|
Total combined feesThese are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing. |
0.70%
AVG: 0.69%
|
$70.00
AVG: $69.49
|
Returns
For the past five years, this fund returned this average each year to investors (in green). This was after fees and taxes (28% PIR) were taken out. To compare, you can see the average return over the same time for all defensive managed funds (in grey).
Yearly returns
These annual returns (in green) were for the 12 months up to 31 March 2024. You can compare them to the average defensive managed fund (in grey).
Risks
Specific risks for this fund
Chasing higher returns while investing always increases risks. Several kinds of risks, actually. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it's important to understand how it works.
You'll find the specific risks in the Risk section of the PDS, and here's more about understanding risk.
Nikko AM Cash and Fixed Interest Product Disclosure Statement 4 March 2024.pdf
How this investment works, including about the provider, risks, costs and potential returns
Risk indicator
This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund's five-year performance (or an appropriate market index if it has not been around that long).
The left side of this range of numbers indicates a Lower risk
The right side of this range of numbers indicates a Higher risk
- 1
- 2
- 3
- 4
- 5
- 6
- 7
The left side of this range of numbers indicates
Potentially
lower returns
The right side of this range numbers indicates
Potentially
higher
returns
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
Nikko AM Cash and Fixed Interest Product Disclosure Statement 4 March 2024.pdf
How this investment works, including about the provider, risks, costs and potential returns
Fund update (most recent)
This update from the provider lets you see much of the same information shown here in Smart Investor: how this fund is performing, what it costs and the investments it currently holds.
Nikko AM NZ Corporate Bond Fund Quarterly Fund Update Sep 2024.pdf
The quarterly update published by the provider
Complete asset portfolio
Browse through the complete list of investments held by this fund.
Nikko AM NZ Corporate Bond Fund - Full Portfolio Holdings - 30-September-2024.xlsx
A complete list of the fund's holdings
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 31 May 2018.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 31 May 2018.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 31 May 2018.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 31 May 2018.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 31 May 2018.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 31 May 2018.pdf
Nikko AM Australasian Small Companies Fund PDS 18 June 2016.pdf
Nikko AM Global Equity Funds PDS 3 April 2018.pdf
Nikko AM Multi-Strategy Fund PDS 3 April 2018.pdf
Nikko AM Global Equity Funds PDS 3 April 2018.pdf
Nikko AM Diversified Funds Product Disclosure Statement 31 May 2018.pdf
Nikko AM Option Fund Product Disclosure Statement 31 May 2018.pdf
Nikko AM Investment Scheme Other Material Information.PDF
Nikko AM NZ Currency Risk Management Policy 1 March 2017.pdf
Nikko AM NZ Delegated Investment Managers Policy 6 May 2016.pdf
Nikko AM NZ Domestic Equities Proxy Voting Policy 6 May 2016.pdf
Nikko AM NZ Fund Wind Up Disclosure 01 March 2017.pdf
Nikko AM NZ Product Unit Pricing and Registry Policy 01 Sep 2018.pdf
Nikko_AM_NZ_Reliance_on_Market_Index_Exemption_Notice_30092018.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 19 February 2019.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 19 February 2019.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 19 February 2019.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 19 February 2019.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 19 February 2019.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 19 February 2019.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 19 February 2019.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 19 February 2019.pdf
Nikko AM Diversified Funds Product Disclosure Statement 19 February 2019.pdf
Nikko AM Option Fund Product Disclosure Statement 19 February 2019.pdf
Nikko AM Investment Scheme Other Material Information 19 February 2019.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 10 May 2019.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 10 May 2019.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 10 May 2019.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 10 May 2019.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 10 May 2019.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 10 May 2019.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 10 May 2019.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 10 May 2019.pdf
Nikko AM Diversified Funds Product Disclosure Statement 10 May 2019.pdf
Nikko AM Option Fund Product Disclosure Statement 10 May 2019.pdf
Nikko AM NZ Investment Scheme Other Material Information 10 May 2019.pdf
Nikko AM ARK Disruptive Innovation Fund Product Disclosure Statement 4 September 2019.pdf
Nikko AM NZ Investment Scheme Other Material Information 4 September 2019.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 31 October 2019.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 13 January 2020.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 13 January 2020.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 13 January 2020.pdf
Nikko AM Cash and Fixed Interest Funds Product Disclosure Statement 13 January 2020.pdf
Nikko AM NZ Investment Scheme Other Material Information 7 January 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 17 March 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 17 March 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 17 March 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 17 March 2020.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 17 March 2020.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 17 March 2020.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 17 March 2020.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 17 March 2020.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 17 March 2020.pdf
Nikko AM Option Fund Product Disclosure Statement 17 March 2020.pdf
Nikko AM ARK Disruptive Innovation Fund Product Disclosure Statement 17 March 2020.pdf
Nikko AM NZ Servicing and Advice Fees - Other material information 17 March 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 1 April 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 1 April 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 1 April 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 1 April 2020.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 1 April 2020.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 1 April 2020.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 1 April 2020.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 1 April 2020.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 1 April 2020.pdf
Nikko AM NZ Buy Sell Spreads - Other material information 1 April 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 29 May 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 29 May 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 29 May 2020.pdf
Nikko AM Cash and Fixed Interest Product Disclosure Statement 29 May 2020.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 29 May 2020.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 29 May 2020.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 2 June 2020.pdf
Nikko AM Option Fund Product Disclosure Statement 14 May 2020.pdf
Nikko AM NZ Investment Scheme Other Material Information 1 June 2020.pdf
Nikko AM NZ Investment Scheme Other Material Information 1 July 2020.pdf
Nikko AM Income Fund Product Disclosure Statement 3 July 2020.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 10 August 2020.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 22 October 2020.pdf
Nikko AM NZ Investment Scheme Other Material Information 22 October 2020.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 29 January 2021.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 29 January 2021.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 29 January 2021.pdf
Nikko AM ARK Disruptive Innovation Fund Product Disclosure Statement 29 January 2021.pdf
Nikko AM Income Fund Product Disclosure Statement 29 January 2021.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 31 March 2021.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 31 March 2021.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 31 March 2021.pdf
Nikko AM ARK Disruptive Innovation Fund Product Disclosure Statement 31 March 2021.pdf
Nikko AM Income Fund Product Disclosure Statement 31 March 2021.pdf
Nikko AM NZ Investment Scheme Other Material Information 31 May 2021.pdf
Nikko AM Freedom Fund Product Disclosure Statement 3 September 2021.pdf
Nikko AM Freedom Fund - Other Material Information 3 September 2021.pdf
Nikko AM Freedom Fund - Other Material Information 10 September 2021.pdf
Nikko AM NZ Investment Scheme Other Material Information 13 September 2021.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 11 January 2022.pdf
Nikko AM NZ Investment Scheme Other Material Information 11 January 2022.pdf
Nikko AM ARK Disruptive Innovation Fund Product Disclosure Statement 4 February 2021.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 1 July 2022.pdf
Nikko AM NZ Investment Scheme Other Material Information 1 July 2022.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 15 December 2022.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 15 December 2022.pdf
Nikko AM Global Equity Funds Product Disclosure Statement 1 June 2023.pdf
Nikko AM Domestic Equity Funds Product Disclosure Statement 3 July 2023.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 3 July 2023.pdf
Nikko AM ARK Disruptive Innovation Fund Product Disclosure Statement 3 July 2023.pdf
Nikko AM Income Fund Product Disclosure Statement 3 July 2023.pdf
Nikko AM NZ Investment Scheme Other Material Information 3 July 2023.pdf
Nikko AM Freedom Fund Product Disclosure Statement 27 September 2023.pdf
Nikko AM Freedom Fund Other Material Information 27 September 2023.pdf
Nikko AM NZ Investment Scheme Other Material Information 17 October 2023.pdf
Nikko AM NZ Product Unit Pricing and Registry Policy.pdf
Nikko AM NZ Investment Scheme Diversified Funds Product Disclosure Statement 2 September 2024 .pdf
Nikko AM NZ Investment Scheme Other Material Information 2 September 2024.pdf
Statement of investment policy and objectives (SIPO)
A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.
Nikko AM NZ Investment Scheme Statement of Investment Policy and Objectives 2 September 2024.pdf
Strategies and objectives for this investment
Key personnel
These are the directors and employees who have the most influence on investment decisions for this fund.
| Name | Current position | Time in role |
|---|---|---|
| FERGUS MCDONALD | Head of Bonds & Currency and Member of Investment Committee | 24 years, 3 months |
| IAN BELLEW | Fixed Income Manager | 12 years, 9 months |
| MATTHEW JOHNSON | Fixed Income Manager | 6 years, 0 months |
| STUART WILLIAMS | Managing Director and Chair of Investment Committee | 1 year, 6 months |
Additional details
Manager details
Name
NIKKO ASSET MANAGEMENT NEW ZEALAND LIMITED
Type
NZ Limited Company
Website
NZBN
9429038788291
FSP Number
Supervisor
Name
PUBLIC TRUST
Fund details
Asset liquidity ratio
100.00%
Total value of fund
$385,219,965.00
Debt ratio
0.06%
Continuous issue
Yes
Default KiwiSaver
No
Lifecycle option
No
Multi-fund option
No
Schedule 1 exemption
No
FMA exemption
No
Number of members
0
Reference numbers
Fund
FND476: NIKKO AM NZ CORPORATE BOND FUND
Offer
OFR10608: NIKKO AM NZ INVESTMENT SCHEME OFFER
Scheme
SCH10488: NIKKO AM NZ INVESTMENT SCHEME
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Fund update (most recent)
These are provided to members of the fund (usually once each quarter) to update them on its performance.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. nikkoam.co.nz