The Nikko AM International Bond Fund (Fund) seeks to provide investors with competitive fixed interest returns by investing primarily in exposures to international investment-grade fixed interest securities.

Investment Objective

The Fund aims to outperform the JP Morgan Global Government Bond Index (ex Australia) in Australian dollar (hedged) over any rolling three-year period, before fees, expenses and taxes.

Strong and disciplined focus on risk

The fixed income team's chief priorities are liquidity and risk control. If a security's risk isn't adequately priced in, the team simply won't invest in it.

Managed using a multi-strategy approach

The fixed income team uses multiple strategies such as duration, curve positioning, sector rotation and credit, rather than one single strategy, allowing them to take advantage of opportunities in all parts of the fixed income market in all market conditions.

Managed by a highly experienced team

The fixed income team has an average of 23 years' investment experience and a long track record in managing fixed income portfolios.

Multi-award winning

The Fund and team have received numerous high profile industry awards.

Click here to view full list of awards

Fund characteristics

  • Active, opportunistic and disciplined investment style
  • Diversified across a mix of international fixed interest assets
  • Only invests in securities rated BBB- and above
  • Exposure to securities with a Standard & Poor’s long-term credit rating below A- may not exceed 10% of the Fund
  • ‘Top-down’ value-adding process merged with ‘bottom-up’ quantitative portfolio construction and credit process
  • Country exposures and securities may be held over or underweight compared with the benchmark where favourable returns are expected
  • All investments are fully hedged back into Australian dollars
  • No leveraging of the Fund is permitted
Portfolio Manager Darren Langer
Inception Date July 2000
Benchmark JP Morgan Global Gov’t Bond Index (ex Australia) in $A (hedged)
Management Cost 0.65% p.a.
Minimum initial investment* $20,000
Minimum additional investment* $1,000
Distribution frequency^ Half yearly following 30 June and 31 December

* Nikko Asset Management Australia Limited ABN 34 002 542 038 AFSL 229664 (Nikko AM Australia), is the Responsible Entity and issuer of units in the Fund and may accept lower amounts at any time at its discretion.
^ Fund returns can be volatile. Nikko AM Australia does not guarantee to provide distributions, or what the amount of distributions may be.

Fund total return figures are calculated using redemption prices, net of fees, assume the reinvestment of distributions and do not take into account taxation.

For periods to {{dateFormat data.performanceDate 'j F Y'}}

Source: BNP Paribas.
Inception Date: July 2000
The value of an investment can rise and fall and past performance is not indicative of future performance. Investment in a fund is not guaranteed. The value of investments will fluctuate up and down with the assets of the fund.

View Unit Price/Performance/Distribution
View the Monthly fund update

Darren Langer

Darren Langer,
Senior Portfolio Manager

John Sorrell

John Sorrell,
Head of Credit

Chris Rands

Chris Rands,
Portfolio Manager

Leo Leslie

Leo Leslie,
Senior Portfolio Manager, Loans and Credit

View bios

Date CPU Taxable Components
2016 June 7.184400 Fund Notice
March 0.000000 Fund Notice

The distribution amount will vary between distribution periods and is not guaranteed.

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Fixed Income Team, Philosophy, and Process

James Alexander, Head of Australian Fixed Income and Co-Head of Global Fixed Income

Credit Philosophy and Process

John Sorrell, Head of Credit

Constructing Optimal Portfolios

James Alexander, Head of Australian Fixed Income and Co-Head of Global Fixed Income

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