Fisher Funds Two GlidePath Age 25

In their own words: "GlidePath age 25 is a representation of the GlidePath life cycle. This investment option is fully invested in the Equity Fund."

At a glance:

Not Mindful
Type: Aggressive fund
Past Returns: *9.27%

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

Annual Fees: 1.21%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1087
Name Fisher Funds Two GlidePath Age 25
Risk profile Aggressive fund
Description GlidePath age 25 is a representation of the GlidePath life cycle. This investment option is fully invested in the Equity Fund.
Value $490k NZD
Members 54
Market index description The market index return is made up of 100% Equity Fund market index return
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Tue July 1st 2014
Three-year average return *9.27%
Market index past year return 9.18%
Past year return net charges and tax 8.36%
Past year return net of charges gross of tax 9.13%
Market index return since fund started 12.18%
Return since fund started net 9.77%
Total annual fund fees 1.21%
Total performance based fees 0.0%
Manager's basic fee 1.09%
Administration charges 0.12%
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 30 September 2019.

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

Year Market Average Fund Annual Return
2019 10.11% 9.12%
2018 6.68% 9.42%
2017 11.18% 11.12%
2016 4.51% 2.74%

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 30 September 2019.

Showing the top 10 investments for this fund:

  • ANZ 10 A/C - Current Accounts 30/09/2019
    New Zealand Cash and Equivalents NA
    4.55%
  • A2 Milk Company Ltd.
    New Zealand Australasian Equities NA
    3.36%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities NA
    2.78%
  • Mainfreight Limited
    New Zealand Australasian Equities NA
    2.36%
  • Xero Limited
    Australia Australasian Equities NA
    1.86%
  • Infratil Limited
    New Zealand Australasian Equities NA
    1.7%
  • Summerset Group Holdings Limited
    New Zealand Australasian Equities NA
    1.62%
  • Alphabet Inc. Class A
    United States International Equities NA
    1.48%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    1.37%
  • Ryman Healthcare Ltd.
    New Zealand Australasian Equities NA
    1.31%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 5.45%
New Zealand Fixed Interest 0.0% 4.81%
International Fixed Interest 0.0% 0.0%
Australasian Equities 40.0% 38.19%
International Equities 60.0% 51.55%
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 30 September 2019.

Key Personnel

  • Robbie Urquhart

    Currently: Senior Portfolio Manager, Australian Equities (1 years, 4 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 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.03%
  • Animal Testing:
    3.09%
  • Fossil Fuels:
    2.12%
  • Gambling:
    0.51%
  • GMOs:
    0.25%
  • Human Rights & Environmental Violations:
    1.28%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. 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.

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.

Note that 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

Specific companies invested in:

Fossil Fuel

Chevron Corporation 0.30%
Total Sa 0.22%
Exxon Mobil Corporation 0.22%
Bp P.L.C. 0.21%
Royal Dutch Shell Plc Class A 0.16%
Royal Dutch Shell Plc Class B 0.15%
Conocophillips 0.10%
Suncor Energy Inc. 0.10%
Lyondellbasell Industries Nv 0.09%
Kinder Morgan Inc Class P 0.07%
Canadian Natural Resources Limited 0.07%
Valero Energy Corporation 0.06%
Equinor Asa 0.05%
Repsol Sa 0.05%
Omv Ag 0.04%
Inpex Corporation 0.04%
Hess Corporation 0.04%
Occidental Petroleum Corporation 0.04%
Vermilion Energy Inc. 0.03%
Eog Resources, Inc. 0.03%
Husky Energy Inc. 0.03%
Tourmaline Oil Corp. 0.02%

Gambling

Aristocrat Leisure Limited 0.37%
Las Vegas Sands Corp. 0.06%
Sands China Ltd. 0.04%
Galaxy Entertainment Group Limited 0.04%

Alcohol

Delegat Group Limited 0.72%
Diageo Plc 0.11%
Anheuser-Busch Inbev Sa/Nv 0.08%
Asahi Group Holdings,Ltd. 0.07%
Constellation Brands, Inc. Class A 0.05%

GMOs

Basf Se 0.15%
Dupont De Nemours, Inc. 0.10%

Human Rights & Environmental Violations

Johnson & Johnson 0.37%
Chevron Corporation 0.30%
Nestle S.A. 0.23%
Royal Dutch Shell Plc Class A 0.16%
Royal Dutch Shell Plc Class B 0.15%
Sempra Energy 0.07%

Animal Testing

Johnson & Johnson 0.370%
Ecolab Inc. 0.310%
Procter & Gamble Company 0.310%
Chevron Corporation 0.300%
Nestle S.A. 0.230%
Unilever Nv 0.190%
Glaxosmithkline Plc 0.190%
Royal Dutch Shell Plc Class A 0.160%
Basf Se 0.150%
Royal Dutch Shell Plc Class B 0.150%
Reckitt Benckiser Group Plc 0.120%
Kimberly-Clark Corporation 0.110%
Danone Sa 0.090%
General Mills, Inc. 0.090%
Ppg Industries, Inc. 0.080%
Walgreens Boots Alliance Inc 0.080%
Solvay Sa 0.060%
Colgate-Palmolive Company 0.060%
Sumitomo Chemical Co., Ltd. 0.040%

Download the fund's disclosure statement and portfolio holdings.

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