InvestSMART

Nikko AM Australian Shares NEF - Managed Fund (Closed)

Fund Objective
The Fund aims to outperform the S&P/ASX 200 Accumulation Index by 2.5% p.a. over a rolling five-year period before fees, expenses and tax.
Fund Strategy
The Fund is a managed investment scheme that gains exposure to a diversified portfolio of Australian shares, listed or expected to be listed on the Australian Securities Exchange (ASX) within six months, short term securities including exchange traded funds and cash. The Fund may also gain exposure to shares that have ceased to be listed on the ASX but are listed on any international exchange. The Fund may gain exposure to these assets directly or through another managed investment scheme managed by NAML.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -1.3% 1.54% 12.39% 6.62% 0.85% 4.52% 7.55% 3.16%
Growth return -1.3% -14.84% -5.73% -11.53% -13.51% -9.26% -7.14% -7.15%
Income return 0% 16.38% 18.12% 18.15% 14.36% 13.78% 14.69% 10.31%
Market index (S&P/ASX 200 TR AUD)
Total return 4.11% 7.34% 4.07% 16.19% 13.02% 12.22% 10.78% 10.76%
As at 31 Aug 2016. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Nikko AM Australian Shares NEF
Australian Equities
99.90%
Cash
0.10%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
95.83%
Cash
-0.98%
International Equities
4.24%
Property & Infrastructure
1.26%
Fixed Interest
-0.33%
Alternatives
-0.02%

General Information

Fund Details
Type Description
Nikko AM Australian Shares NEF
Closed
Nikko Asset Management Australia Limited
SUN0017AU
Equity Australia Large Blend
starstar (as at 31 Aug 2016)
Investment Fund
26 Feb 1996
$31.42 million (as at 31 Oct 2013)
$10.8133 (as at 16 Sep 2016)
$10.7486 (as at 16 Sep 2016)
Finalised
Offer information
Type Description
Standard entry fee 3%
MER 1.95% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 1.95% (as at 30 Jun 2016)
Minimum initial investment $2,000.00
Minimum additional investments $1,000.00
Minimum redemption amount $1,000.00

Top 10 holdings (as at 30 Apr 2016)

Holding (as at 30 Apr 2016) Type % of Portfolio
Commonwealth Bank of Australia Equity 8%
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FAQs about the Nikko AM Australian Shares NEF

The objective of the Nikko AM Australian Shares NEF managed fund is The Fund aims to outperform the S&P/ASX 200 Accumulation Index by 2.5% p.a. over a rolling five-year period before fees, expenses and tax.

The strategy of the Nikko AM Australian Shares NEF managed fund is The Fund is a managed investment scheme that gains exposure to a diversified portfolio of Australian shares, listed or expected to be listed on the Australian Securities Exchange (ASX) within six months, short term securities including exchange traded funds and cash. The Fund may also gain exposure to shares that have ceased to be listed on the ASX but are listed on any international exchange. The Fund may gain exposure to these assets directly or through another managed investment scheme managed by NAML.

The APIR code of the Nikko AM Australian Shares NEF managed fund is SUN0017AU.

Nikko AM Australian Shares NEF’s total return last month was -1.3%. This was made up of a growth return of -1.3% and an income return of 0%. These returns were calculated as at 31 Aug 2016.

Nikko AM Australian Shares NEF’s total return for the last three months was 1.54%. This was made up of a growth return of -14.84% and an income return of 16.38%%. These returns were calculated as at 31 Aug 2016.

Nikko AM Australian Shares NEF’s one-year total return is 6.62%. This was made up of a growth return of -11.53% and an income return of 18.15%. These returns were calculated as at 31 Aug 2016.

Nikko AM Australian Shares NEF’s one-year total return is 4.52%. This was made up of a growth return of -9.26% and an income return of 13.78%. These returns were calculated as at 31 Aug 2016.

The asset allocation of the Nikko AM Australian Shares NEF managed fund is :

Australian Equities
99.90%
Cash
0.10%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Nikko AM Australian Shares NEF managed fund is Nikko Asset Management Australia Limited.

The Nikko AM Australian Shares NEF managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 31 Oct 2013, the size of the Nikko AM Australian Shares NEF managed fund was $31.42 million.

The Nikko AM Australian Shares NEF managed fund has an inception date of 26 Feb 1996.

The current entry price of the Nikko AM Australian Shares NEF managed fund is $10.8133 per unit and the current exit price is $10.7486 per unit (as at 16 Sep 2016).

The current exit price of the Nikko AM Australian Shares NEF managed fund is $10.7486 per unit and the current entry price is $10.8133 per unit (as at 16 Sep 2016).

The minimum initial investment amount for the Nikko AM Australian Shares NEF managed fund is $2,000. Minimum additional investment is $1000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.