Fisher Funds Two KiwiSaver Scheme
Fisher Funds Two Equity Fund

In their own words: "The fund aims to predominantly focus on the capital growth of your savings over the long term. Invests in local and global share markets with a low focus on capital protection"

At a glance:

Not Mindful
Type: Aggressive fund
Past Returns: 9.89%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.24%

Annual fees, including membership and % management fee, assuming $10,000 investment.

More information:

A summary of this fund and it's details.

Number FND1086
Name Fisher Funds Two Equity Fund
Risk profile Aggressive fund
Description The fund aims to predominantly focus on the capital growth of your savings over the long term. Invests in local and global share markets with a low focus on capital protection
Value $130M NZD
Members 8,533
Market index description The market index return reflects a composite of benchmark index returns, weighted for the fund’s target asset allocation. The benchmark indices used for each asset class are defined in the Statement of Investment Policy and Objectives (SIPO)
Disclosure Statement Period Sun March 31st 2019
Fund started Mon Oct. 1st 2007
Three-year average return 9.89%
Market index past year return 11.07%
Past year return net charges and tax 9.12
Past year return net of charges gross of tax 9.91
Market index return since fund started 13.01%
Return since fund started net 9.35%
Total annual fund fees 1.24
Total performance based fees 0.0
Manager's basic fee 1.09
Administration charges 0.15
Total other charges 28.44
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2019 10.11% 9.12%
2018 6.68% 9.42%
2017 11.18% 11.12%
2016 4.51% 2.74%
2015 15.30% 11.95%
2014 10.31% 12.18%
2013 13.23% 10.45%
2012 -5.15% -7.05%
2011 7.61% 5.58%
2010 26.74% 31.73%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

Showing the top 10 investments for this fund:

  • ANZ 10 A/C - Current Accounts 28/03/2019
    New Zealand Cash and Equivalents NA
    7.04%
  • A2 Milk Company Ltd.
    New Zealand Australasian Equities NA
    3.27%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities NA
    3.01%
  • Emini S&P 500 (Cme) Jun 19 20/06/2019
    United States International Equities NA
    2.75%
  • Mainfreight Limited
    New Zealand Australasian Equities NA
    2.05%
  • Freightways Limited
    New Zealand Australasian Equities NA
    1.79%
  • Xero Limited
    Australia Australasian Equities NA
    1.73%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    1.45%
  • Infratil Limited
    New Zealand Australasian Equities NA
    1.41%
  • Spark New Zealand Limited
    New Zealand Australasian Equities NA
    1.41%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 0.0% 5.83%
New Zealand Fixed Interest 0.0% 4.26%
International Fixed Interest 0.0% 0.0%
Australasian Equities 40.0% 38.01%
International Equities 60.0% 51.9%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

Key Personnel

  • Brent Buchanan

    Currently: Head of Direct Property (10 years, 10 months)
    Previously: Portfolio Manager, Commercial & Industrial, AMP Capital Management (8 years, 0 months)

  • Robbie Urquhart

    Currently: Senior Portfolio Manager, Australian Equities (0 years, 10 months)
    Previously: Portfolio Manager / Principal, Trafalgar Copley Limited (11 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.86%
  • Animal Testing:
    2.85%
  • Fossil Fuels:
    1.90%
  • Gambling:
    0.40%
  • GMOs:
    0.18%
  • Human Rights & Environmental Violations:
    1.66%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. Note that the Fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the Fund.

Many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

Download the fund's disclosure statement and portfolio holdings.

This information has been sourced from the six monthly data that each KiwiSaver fund has filed with Disclose register to 31 March 2019.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.