Fisher Funds Two GlidePath Age 55

In their own words: "GlidePath age 55 is a representation of the GlidePath life cycle. This investment option invests 11% in the Growth Fund and 89% in the Balanced Fund."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: *6.56%

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

Annual Fees: 0.98%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1089
Name Fisher Funds Two GlidePath Age 55
Risk profile Balanced fund
Description GlidePath age 55 is a representation of the GlidePath life cycle. This investment option invests 11% in the Growth Fund and 89% in the Balanced Fund.
Value $4.9M NZD
Members 164
Market index description The market index return is made up of 11% Growth Fund market index return and 89% Balanced Fund market index return
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Tue July 1st 2014
Three-year average return *6.56%
Market index past year return 11.63%
Past year return net charges and tax 7.49%
Past year return net of charges gross of tax 8.82%
Market index return since fund started 9.47%
Return since fund started net 7.15%
Total annual fund fees 0.98%
Total performance based fees 0.0%
Manager's basic fee 0.88%
Administration charges 0.1%
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 5.68% 7.08%
2018 5.63% 6.05%
2017 6.10% 6.93%
2016 4.01% 4.04%

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:

  • Bayfair Mall
    New Zealand Unlisted Property NA
    2.98%
  • ANZ 10 A/C - Current Accounts 30/09/2019
    New Zealand Cash and Equivalents NA
    2.54%
  • A2 Milk Company Ltd.
    New Zealand Australasian Equities NA
    1.49%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities NA
    1.23%
  • Merivale Mall
    New Zealand Unlisted Property NA
    1.22%
  • Government Of New Zealand 2.0% 20-Sep-2025
    New Zealand NZ Fixed Interest AAA
    1.16%
  • Government Of New Zealand 3.5% 14-Apr-2033
    New Zealand NZ Fixed Interest AAA
    1.1%
  • Government Of New Zealand 2.5% 20-Sep-2040
    New Zealand NZ Fixed Interest AAA
    1.05%
  • Mainfreight Limited
    New Zealand Australasian Equities NA
    1.04%
  • Infratil Limited
    New Zealand Australasian Equities NA
    0.96%

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 7.0% 7.86%
New Zealand Fixed Interest 12.0% 28.39%
International Fixed Interest 23.0% 9.73%
Australasian Equities 17.0% 16.93%
International Equities 30.0% 25.46%
Listed Properties 5.0% 4.91%
Unlisted Properties 6.0% 6.72%
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:
    0.56%
  • Animal Testing:
    1.63%
  • Fossil Fuels:
    1.32%
  • Gambling:
    0.23%
  • GMOs:
    0.13%
  • Human Rights & Environmental Violations:
    0.66%
  • 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

Kinder Morgan Inc Class P 0.24%
Chevron Corporation 0.15%
Total Sa 0.11%
Exxon Mobil Corporation 0.11%
Bp P.L.C. 0.11%
Royal Dutch Shell Plc Class A 0.08%
Royal Dutch Shell Plc Class B 0.07%
Conocophillips 0.05%
Suncor Energy Inc. 0.05%
Lyondellbasell Industries Nv 0.05%
Canadian Natural Resources Limited 0.03%
Valero Energy Corporation 0.03%
Equinor Asa 0.03%
Repsol Sa 0.03%
Omv Ag 0.02%
Inpex Corporation 0.02%
Hess Corporation 0.02%
Occidental Petroleum Corporation 0.02%
Black Hills Corp Sr Unsec 0.02%
Vermilion Energy Inc. 0.01%
Eog Resources, Inc. 0.01%
Husky Energy Inc. 0.01%
Nextera Energy Capital Sr Unsec 0.01%
Tourmaline Oil Corp. 0.01%
Dominion Energy Gas Hldg Sr Unsec 0.01%
Energy Transfer Operatng Sr Unsec 0.01%
Enbridge Inc Sr Unsec 0.01%

Gambling

Aristocrat Leisure Limited 0.16%
Las Vegas Sands Corp. 0.03%
Sands China Ltd. 0.02%
Galaxy Entertainment Group Limited 0.02%

Alcohol

Delegat Group Limited 0.32%
Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.07%
Diageo Plc 0.05%
Anheuser-Busch Inbev Sa/Nv 0.04%
Asahi Group Holdings,Ltd. 0.04%
Constellation Brands, Inc. Class A 0.03%
Diageo Finance Plc Co Gtd Sr Unsec 0.01%

GMOs

Basf Se 0.08%
Dupont De Nemours, Inc. 0.05%

Human Rights & Environmental Violations

Johnson & Johnson 0.19%
Chevron Corporation 0.15%
Nestle S.A. 0.12%
Royal Dutch Shell Plc Class A 0.08%
Royal Dutch Shell Plc Class B 0.07%
Sempra Energy 0.03%
Duke Energy Corp Sr Unsec 144A 0.01%
Sempra Energy Sr Unsec 0.01%

Animal Testing

Johnson & Johnson 0.190%
Procter & Gamble Company 0.160%
Chevron Corporation 0.150%
Ecolab Inc. 0.140%
Nestle S.A. 0.120%
Unilever Nv 0.100%
Glaxosmithkline Plc 0.100%
Royal Dutch Shell Plc Class A 0.080%
Basf Se 0.080%
Royal Dutch Shell Plc Class B 0.070%
Reckitt Benckiser Group Plc 0.060%
Kimberly-Clark Corporation 0.060%
Danone Sa 0.050%
General Mills, Inc. 0.040%
Ppg Industries, Inc. 0.040%
Walgreens Boots Alliance Inc 0.040%
Solvay Sa 0.030%
Colgate-Palmolive Company 0.030%
Sumitomo Chemical Co., Ltd. 0.020%
General Mills Inc Sr Unsec 0.010%
Kraft Heinz Foods Co Sr Unsec 0.010%
Tesco Property Fin 3 Plc Mtge Backed 0.010%
Reckitt Benckiser Tsy Sr Unsec 144A 0.010%
Bayer US Finance Ii Llc Sr Unsec 144A 0.010%
Danone Sa Sr Unsec 144A 0.010%

Download the fund's disclosure statement and portfolio holdings.

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