Nikko AM Australian Share Wholesale Fund received a ‘Silver’ Morningstar Analyst RatingTM

"Impressive team steadfastly applying value-orientated high conviction process."

Morningstar Global Fund Report published on 27 October 2019

Ross MacMillan
Senior Analyst

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The Nikko AM Australian Share Wholesale Fund is a relatively concentrated Australian share fund, typically investing in 20-35 stocks, designed to provide capital growth and income over the longer term.

Investment Objective

The Fund aims to outperform the S&P/ASX 200 Accumulation Index by more than 2.5% p.a. over rolling five-year periods, before fees, expenses and tax.

Proven and disciplined investment process

The Fund is managed using an intrinsic value style that seeks to identify good value stocks that offer the best compromise between risk and expected return.

Long-term performance track record

The Fund has a 17-year track record in performance and is managed using Nikko AM Australia's Comparative Value Analysis (CVA) approach which has been in operation for over 20 years.

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.

Diversification benefits

The Fund's intrinsic value style provides good diversification benefits when blended with other styles.

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
  • Portfolio typically invests in 20-35 stocks
  • Stock selection is based on a ranking of expected return (i.e. Internal Rate of Return) over a three-year period
  • Typically has a lower P/E than the market
  • Traditionally has a mid-large cap bias
Portfolio Managers Brad Potter & Jason Kim
Inception Date March 1995
Benchmark S&P/ASX 200 Accumulation Index
Management Cost 0.80% p.a.
Minimum initial investment* $10,000
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 Austalia does not guarantee to provide distributions, or the amount of distributions.
+ The Fund was renamed Nikko AM Australian Share Wholesale Fund on 1 February 2017. The Fund was previously known as Nikko AM–Tyndall Australian Share Wholesale 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.
Inception Date: March 1995
* 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
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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 Wholesale Fund is ‘Silver’ as of 27 October 2019. © 2019 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 2019), 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

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