Fisher Funds Two GlidePath Age 65

In their own words: "GlidePath age 65 is a representation of the GlidePath life cycle. This investment option invests 17% in the Balanced Fund and 83% in the Conservative Fund."

At a glance:

Not Mindful
Type: Conservative fund
Past Returns: *4.85%

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

Annual Fees: 0.94%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1090
Name Fisher Funds Two GlidePath Age 65
Risk profile Conservative fund
Description GlidePath age 65 is a representation of the GlidePath life cycle. This investment option invests 17% in the Balanced Fund and 83% in the Conservative Fund.
Value $1.4M NZD
Members 44
Market index description The market index return is made up of 17% Balanced Fund market index return and 83% Conservative Fund market index return
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Tue July 1st 2014
Three-year average return *4.85%
Market index past year return 10.57%
Past year return net charges and tax 6.37%
Past year return net of charges gross of tax 7.93%
Market index return since fund started 7.52%
Return since fund started net 5.36%
Total annual fund fees 0.94%
Total performance based fees 0.0%
Manager's basic fee 0.85%
Administration charges 0.09%
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 4.40% 5.47%
2018 3.80% 4.23%
2017 4.16% 4.5%
2016 3.52% 3.84%

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
    2.62%
  • ANZ 10 A/C - Current Accounts 30/09/2019
    New Zealand Cash and Equivalents NA
    1.71%
  • Government Of New Zealand 3.5% 14-Apr-2033
    New Zealand NZ Fixed Interest AAA
    1.65%
  • Government Of New Zealand 2.0% 20-Sep-2025
    New Zealand NZ Fixed Interest AAA
    1.55%
  • Government Of New Zealand 2.5% 20-Sep-2040
    New Zealand NZ Fixed Interest AAA
    1.38%
  • Government Of New Zealand 4.5% 15-Apr-2027
    New Zealand NZ Fixed Interest AAA
    1.33%
  • Westpac New Zealand Ltd. Frn 14-Feb-2022
    New Zealand NZ Fixed Interest AA-
    1.11%
  • International Finance Corporation 3.625% 20-May-2020
    New Zealand NZ Fixed Interest AAA
    1.08%
  • Kfw Bankengruppe 3.75% 29-May-2020
    New Zealand NZ Fixed Interest AAA
    1.08%
  • Merivale Mall
    New Zealand Unlisted Property NA
    1.07%

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 17.0% 9.29%
New Zealand Fixed Interest 17.0% 43.56%
International Fixed Interest 34.0% 17.55%
Australasian Equities 7.0% 8.65%
International Equities 15.0% 13.46%
Listed Properties 5.0% 1.6%
Unlisted Properties 5.0% 5.89%
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:
    0.36%
  • Animal Testing:
    0.88%
  • Fossil Fuels:
    0.78%
  • Gambling:
    0.11%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    0.30%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

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 0.21%
Chevron Corporation 0.07%
Total Sa 0.05%
Exxon Mobil Corporation 0.05%
Bp P.L.C. 0.05%
Royal Dutch Shell Plc Class A 0.04%
Royal Dutch Shell Plc Class B 0.03%
Black Hills Corp Sr Unsec 0.03%
Conocophillips 0.02%
Suncor Energy Inc. 0.02%
Nextera Energy Capital Sr Unsec 0.02%
Lyondellbasell Industries Nv 0.02%
Dominion Energy Gas Hldg Sr Unsec 0.02%
Energy Transfer Operatng Sr Unsec 0.01%
Canadian Natural Resources Limited 0.01%
Valero Energy Corporation 0.01%
Equinor Asa 0.01%
Repsol Sa 0.01%
Enbridge Inc Sr Unsec 0.01%
Omv Ag 0.01%
Inpex Corporation 0.01%
Hess Corporation 0.01%
Occidental Petroleum Corporation 0.01%
Vermilion Energy Inc. 0.01%
Eog Resources, Inc. 0.01%
Husky Energy Inc. 0.01%

Weapons

Harris Corporation Sr Unsec 0.01%

Gambling

Aristocrat Leisure Limited 0.07%
Las Vegas Sands Corp. 0.01%
Sands China Ltd. 0.01%
Galaxy Entertainment Group Limited 0.01%
Sands China Ltd Sr Unsec 0.01%

Alcohol

Delegat Group Limited 0.14%
Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.14%
Diageo Plc 0.02%
Anheuser-Busch Inbev Sa/Nv 0.02%
Asahi Group Holdings,Ltd. 0.02%
Constellation Brands, Inc. Class A 0.01%
Diageo Finance Plc Co Gtd Sr Unsec 0.01%

GMOs

Basf Se 0.03%
Dupont De Nemours, Inc. 0.02%

Human Rights & Environmental Violations

Johnson & Johnson 0.08%
Chevron Corporation 0.07%
Nestle S.A. 0.05%
Royal Dutch Shell Plc Class A 0.04%
Royal Dutch Shell Plc Class B 0.03%
Sempra Energy 0.01%
Duke Energy Corp Sr Unsec 144A 0.01%
Sempra Energy Sr Unsec 0.01%

Animal Testing

Johnson & Johnson 0.080%
Ecolab Inc. 0.080%
Procter & Gamble Company 0.070%
Chevron Corporation 0.070%
Nestle S.A. 0.050%
Unilever Nv 0.040%
Glaxosmithkline Plc 0.040%
Royal Dutch Shell Plc Class A 0.040%
Basf Se 0.030%
Royal Dutch Shell Plc Class B 0.030%
Reckitt Benckiser Group Plc 0.030%
General Mills Inc Sr Unsec 0.030%
Kimberly-Clark Corporation 0.030%
Kraft Heinz Foods Co Sr Unsec 0.020%
Danone Sa 0.020%
General Mills, Inc. 0.020%
Ppg Industries, Inc. 0.020%
Walgreens Boots Alliance Inc 0.020%
Tesco Property Fin 3 Plc Mtge Backed 0.020%
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%
Solvay Sa 0.010%
Colgate-Palmolive Company 0.010%
Sumitomo Chemical Co., Ltd. 0.010%
Tesco Property Fin 4 Plc Mtge Backed 0.010%
Tesco Plc Sr Unsecured Emtn Regs 0.010%

Download the fund's disclosure statement and portfolio holdings.

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