Changes to Product Disclosure Statements (PDS’) and Additional Information Booklets (collectively Disclosure Documents) effective 6 January 2021

Nikko Asset Management Australia Limited has reviewed and updated the Disclosure Documents for the following Funds for which it is the Responsible Entity.

  • Nikko AM Conservative Fund (ARSN 092 026 161)
  • Nikko AM Balanced Fund (ARSN 103 973 020)
  • Nikko AM Growth Fund (ARSN 092 026 090)

To obtain a copy of the new Disclosure Documents, please click here or contact Nikko AM Investor Services on This email address is being protected from spambots. You need JavaScript enabled to view it.

The key changes that you need to be aware of are summarised below.

Strategic asset allocation
The strategic asset allocation has been updated for the following Funds:

  • Nikko AM Conservative Fund (ARSN 092 026 161)
  • Nikko AM Balanced Fund (ARSN 103 973 020)
  • Nikko AM Growth Fund (ARSN 092 026 090)
Asset class Previous allocation (%)
Conservative Fund Balanced Fund Growth Fund
Target range Target allocation Target range Target allocation Target range Target allocation
Australian shares 5 - 25 15 10 - 35 25 30 - 65 40
International shares (unhedged) 0 - 10 5 0 - 20 15 5 - 35 30
Property securities 0 - 20 10 0 - 30 10 5 - 25 10
Total growth assets 10 - 40 30 20 - 60 50 40 - 95 80
Australian fixed interest 10 - 90 70 10 - 70 20 5 - 40 10
International fixed interest (hedged) 0 - 10 0 0 - 20 10 0 - 20 5
Cash 0 - 40 0 0 - 40 20 0 - 20 5
Total income assets 60 - 90 70 40 - 80 50 5 - 60 20
Asset class New allocation (%)
Conservative Fund Balanced Fund Growth Fund
Target range Target allocation Target range Target allocation Target range Target allocation
Australian shares 0-20 10 10 - 40 20 20-45 30
International shares (unhedged) 5-30 20 20-50 30 35-65 50
Property securities 0-10 0 0 - 10 0 0-10 0
Total growth assets 10 - 40 30 35-65 50 70-95 80
Australian fixed interest 50-85 65 35-55 45 5-25 15
Cash 0 - 40 5 0 - 30 5 0 - 20 5
Total income assets 60-90 70 35-65 50 5 - 30 20

Transaction costs
The PDSs were updated to reflect a change in the components which make up a transaction cost. In addition, the net transaction costs for each Fund have been calculated for the Financial Year to 30 June 2020. To see the current net transaction costs for all of our Funds please click here.

Buy/Sell spreads
Buy/Sell spreads have been reduced on the following Funds:

Fund name ARSN Previous Buy/Sell spread New Buy/Sell Spread
Nikko AM Balanced Fund 103 973 020 0.14% / 0.14% 0.12% / 0.12%
Nikko AM Growth Fund 092 026 090 0.20% / 0.20% 0.15% / 0.15%

To see the current Buy/Sell Spread for all of our Funds please click here.

Changes to Product Disclosure Statements (PDS’) and Additional Information Booklets (collectively Disclosure Documents) effective 21 December 2020

Nikko Asset Management Australia Limited has reviewed and updated the Disclosure Documents for the following Funds for which it is the Responsible Entity.

  • Nikko AM Australian Share Wholesale Fund (ARSN 090 089 562)
  • Nikko AM Australian Share Income Fund (ARSN 133 980 819)
  • Nikko AM Australian Share Concentrated Fund (ARSN 143 598 556)
  • Nikko AM Australian Bond Fund (ARSN 098 736 255)
  • Nikko AM Global Share Fund (ARSN 092 026 269)
  • Nikko AM ARK Global Disruptive Innovation Fund (ARSN 627 341 744)
  • Nikko AM New Asia Fund (ARSN 116 556 113)

To obtain a copy of the new Disclosure Documents, please click here or contact Nikko AM Investor Services on This email address is being protected from spambots. You need JavaScript enabled to view it.

The key changes that you need to be aware of are summarised below.

Risk level
The risk level, which shows the likelihood of the value of an investment going down over the short-term, has been updated for the following Funds. The change in risk level is due to market volatility and the impact this could have on returns.

Fund name ARSN Previous Risk level New Risk level
Nikko AM Australian Share Concentrated Fund 143 598 556 High Very high
Nikko AM Australian Share Income Fund 133 980 819 High Very high
Nikko AM Australian Share Wholesale Fund 090 089 562 High Very high
Nikko AM New Asia Fund 116 556 113 High Very high

Transaction costs
The PDSs were updated to reflect a change in the components which make up a transaction cost. In addition, the net transaction costs for each Fund have been calculated for the Financial Year to 30 June 2020. To see the current net transaction costs for all of our Funds please click here.