Fisher Funds Conservative Fund

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Fund type: Conservative fund

Past Returns: 5.10%

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

Annual Fees: 0.93%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Atmos Energy Corporation 0.01%
Enagas SA 0.01%
Enbridge Inc. 0.02%
Enterprise Products Partners L.P. 0.16%
Kinder Morgan Inc Class P 0.25%
Lyondellbasell Industries Nv 0.02%
Naturgy Energy Group, S.A. 0.01%
New Zealand Refining Co. Ltd. 5.1% 01-Mar-2034 0.20%
Parkland Corporation 0.01%
Snam S.P.A. 0.01%
Tc Energy Corporation 0.02%
Williams Companies, Inc. 0.02%

Weapons

Booz Allen Hamilton Holding Corporation Class A 0.01%
Hexcel Corporation 0.16%

Tobacco

Seven & I Holdings Co., Ltd. 0.02%

Alcohol

Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.17%
Carlsberg As Class B 0.01%
Constellation Brands, Inc. Class A 0.01%
Delegat Group Limited 0.09%
Diageo PLC 0.02%
Heineken Holding N.V. 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.01%
Molson Coors Beverage Company Class B 0.01%

GMOs

Corteva Inc 0.01%

Human Rights & Environmental Violations

Johnson & Johnson 0.08%
Rio Tinto Limited 0.04%
Rio Tinto PLC 0.04%

Animal Testing

Associated British Foods PLC 0.01%
Celanese Corporation 0.01%
Corteva Inc 0.01%
Danone SA 0.01%
Dow, Inc. 0.01%
Dupont De Nemours, Inc. 0.01%
Eastman Chemical Company 0.01%
Fmc Corporation 0.01%
Glaxosmithkline PLC 0.02%
Henkel AG & Co. Kgaa 0.01%
Henkel AG & Co. Kgaa Pref 0.01%
Johnson & Johnson 0.08%
Kao Corp. 0.01%
Keurig Dr Pepper Inc. 0.01%
Kimberly-Clark Corporation 0.01%
L'Oreal SA 0.01%
LVMH Moet Hennessy Louis Vuitton Se 0.01%
Linde PLC 0.01%
Lyondellbasell Industries Nv 0.02%
Mondelez International, Inc. Class A 0.03%
Procter & Gamble Company 0.07%
Reckitt Benckiser Group PLC 0.01%
Seven & I Holdings Co., Ltd. 0.02%
Sherwin-Williams Company 2.95% 15-Aug-2029 0.26%
Unilever PLC 0.01%
Yara International Asa 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 Thu Sept. 30th 2021 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2021 8.80% 8.8%
2020 0.59% 1.16%
2019 4.26% 5.35%
2018 3.73% 3.62%
2017 4.10% 3.68%
2016 3.52% 3.32%
2015 8.10% 7.03%
2014 3.88% 5.3%
2013 6.92% 6.77%
2012 3.16% 2.54%

The market average is the average 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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents
    9.56%
  • Jpm USD Call A/C - Current Accounts 31/12/2021
    New Zealand Cash and Equivalents
    2.26%
  • Bayfair Shopping Centre - Retail
    New Zealand Unlisted Property
    1.91%
  • Government Of New Zealand 3.5% 14-Apr-2033
    New Zealand NZ Fixed Interest AAA
    1.52%
  • ANZ Bank Deposit A/C - Deposit Accounts 12/01/2022
    New Zealand Cash and Equivalents
    1.34%
  • Government Of New Zealand 3.0% 20-Apr-2029
    New Zealand NZ Fixed Interest AAA
    1.31%
  • Westpac Bank Deposit Ac - Deposit Accounts 08/02/2022
    New Zealand Cash and Equivalents
    1.28%
  • Government Of New Zealand 2.0% 20-Sep-2025
    New Zealand NZ Fixed Interest AAA
    1.09%
  • Term Loan - Nextdc 4-Dec-2028
    Australia Int Fixed Interest
    1.05%
  • BNZ Call A/C - Current Accounts 31/12/2021
    New Zealand Cash and Equivalents
    1.02%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Dec. 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 14.5% 15.61%
New Zealand Fixed Interest 26.0% 27.42%
International Fixed Interest 32.0% 29.82%
Australasian Equities 5.5% 5.36%
International Equities 12.0% 11.95%
Listed Properties 0.0% 0.0%
Unlisted Properties 5.0% 4.61%
Other 5.0% 5.23%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.33%
  • Animal Testing:
    0.69%
  • Fossil Fuels:
    0.74%
  • Gambling:
    0.00%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    0.16%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.02%
  • Weapons:
    0.17%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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, Sustainalytics and research organisations.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The fund aims to provide stable returns over the long term by investing mainly in income assets with a modest allocation to growth assets"

Value $1.2B NZD
Period of data report Fri Dec. 31st 2021
Members 74,798
Fund started Fri June 12th 2009
Total annual fund fees 0.93%
Total performance based fees 0.0%
Manager's basic fee 0.85%
Other management and administration charges 0.08%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

Ashley Gardyne

Currently: Chief Investment Officer and Senior Portfolio Manager International Equities (0 years, 6 months)
Previously: Senior Portfolio Manager International Equities Fisher Funds Management Limited (5 years, 5 months)

Mark Brighouse

Currently: Chief Investment Strategist (4 years, 5 months)
Previously: Chief Investment Officer Fisher Funds Management Limited (5 years, 9 months)

David Mcleish

Currently: Senior Portfolio Manager Fixed Interest (10 years, 9 months)
Previously: Executive Director Goldman Sachs International London (3 years, 0 months)

Sam Dickie

Currently: Senior Portfolio Manager NZ Equities (4 years, 10 months)
Previously: Portfolio Manager Moore Capital Asia Limited (5 years, 10 months)

Brent Buchanan

Currently: Head of Direct Property (13 years, 7 months)
Previously: Portfolio Manager Commercial & Industrial AMP Capital Management (8 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.