The Nikko AM Australian Share Concentrated Fund+ is a highly concentrated Australian share portfolio, investing in 15-25 stocks. It is designed to provide a total return, with a bias towards income.

This Fund is unlikely to participate in off-market share buy-backs. Low tax-paying investors interested in participating in off-market share buy-backs.

Investment Objective

The Fund aims to provide long-term capital growth and income by investing in a concentrated selection of shares. The Fund is constructed on a benchmark unaware basis, which means stock weightings in the Fund can vary considerably from the S&P/ASX 200 Index.

Lower absolute volatility than the Index (at most stages of the economic cycle)

The yield bias of the Fund means the portfolio will typically hold stocks that have relatively higher earnings stability than the average, resulting in lower absolute volatility.

Long track record in managing share income mandates

The Australian equities team has a 15-year track record in managing share income mandates for institutional clients.

Managed by a large, experienced & stable investment team

The 11-member Australian equities team has an average of 17 years’ industry experience and has been working together as a team for an average of 11 years.

Good diversification benefits when blended with other styles

The highly concentrated portfolio, which has an absolute return focus and yield bias, offers investors an additional risk and return option for their investment portfolio.

Team stability

The majority of the Australian equities team has direct equity ownership in a 50:50 joint venture company alongside Nikko AM Limited, which helps to maintain team stability and allows investment professionals to share in the team’s business success and growth.

Fund characteristics

  • High conviction portfolio, invests in 15-25 stocks
  • Total return focus, with a yield bias
  • Targets a higher grossed up dividend yield than the market
  • Performance may vary significantly from the Index over the short term due to the portfolio being constructed on an absolute return basis
  • Typically has lower absolute volatility than the Index
  • The Fund is unlikely to participate in off-market share buy-backs
Portfolio Managers Tim Johnston & Jason Kim
Inception Date May 2010
Benchmark S&P/ASX 200 Accumulation Index
Management Cost 1.00% p.a.
Minimum initial investment* $10,000
Minimum additional investment* $1,000
Distribution frequency^ Quarterly following 30 June, 30 September, 31 December, 31 March

* Nikko Asset Management Australia Limited ABN 34 002 542 038 AFSL 229664 (Nikko AM Australia), is the Responsible Entity and the 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 the amount of distributions.
+ The Fund was renamed Nikko AM Australian Share Concentrated Fund on 1 February 2017. The Fund was previously known as Nikko AM–Tyndall Australian Share Concentrated Fund.

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.
* Comprises S&P/ASX 200 Accumulation Index from April 2000 and ASX All Ordinaries Accumulation Index for all prior dates.
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

Brad Potter

Brad Potter,
Head of Australian Equities

Tim Johnston

Tim Johnston,
Deputy Head of Australian Equities

Jason Kim

Jason Kim,
Portfolio Manager & Senior Analyst

Malcolm Whitten

Malcolm Whitten,
Portfolio Manager & Senior Analyst

Michael Maughan

Michael Maughan,
Portfolio Manager & Senior Analyst

Craig Young

Craig Young,
Senior Research Analyst

James Nguyen

James Nguyen,
Portfolio Manager & Senior Analyst

Stefan Hansen

Stefan Hansen,
Senior Research Analyst

Michael Ward

Michael Ward,
Senior Research Analyst

Vincent Li

Vincent Li,
Research Associate

David Thoms

David Thoms,
Equity Dealer

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Research House Disclaimers
The Lonsec Rating (assigned November 2018) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Nikko Asset Management product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.lonsecresearch.com.au/research-solutions/our-ratings

The Morningstar Analyst Rating™ for Nikko AM Australian Share Concentrated Fund is ‘Bronze’ as of 20 September 2018. © 2018 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.

The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned June 2018), referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at www.zenithpartners.com.au/regulatory-guidelines-funds-research http://www.zenithpartners.com.au/RegulatoryGuidelines

Date CPU Taxable Components
2016 December 1.245300 Fund Notice
September 0.865000 Fund Notice
June 1.439000 Fund Notice
March 0.684900 Fund Notice

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Australian Equity - Thought Leaders Series, Part 2

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  • Nominee, 2017 Morningstar Awards, Domestic Equities, Large Caps Category, Australia
  • Finalist, 2015 Money Management Fund Manager of the Year Award, Australian Fixed Income (inc Diversified)
  • Finalist, 2015 Professional Planner/Zenith Fund Award, Australian Fixed Interest


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