Fisher Funds Balanced Strategy

Find a Mindful Ethical fund »

Not Mindful

Fund type: Balanced fund

Past Returns: 9.01%

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

Annual Fees: 1.88%

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 0.03%
Enagas SA 0.03%
Enbridge Inc. 0.05%
Enterprise Products Partners L.P. 0.17%
Kinder Morgan Inc Class P 0.33%
Lyondellbasell Industries Nv 0.04%
Naturgy Energy Group, S.A. 0.03%
New Zealand Refining Co. Ltd. 5.1% 01-Mar-2034 0.15%
Parkland Corporation 0.03%
Snam S.P.A. 0.03%
Tc Energy Corporation 0.05%
Williams Companies, Inc. 0.06%

Weapons

Booz Allen Hamilton Holding Corporation Class A 0.02%
Hexcel Corporation 0.38%

Tobacco

Seven & I Holdings Co., Ltd. 0.05%

Alcohol

Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.08%
Carlsberg As Class B 0.03%
Constellation Brands, Inc. Class A 0.03%
Delegat Group Limited 0.29%
Diageo PLC 0.06%
Heineken Holding N.V. 0.03%
LVMH Moet Hennessy Louis Vuitton Se 0.03%
Molson Coors Beverage Company Class B 0.02%

GMOs

Corteva Inc 0.02%

Human Rights & Environmental Violations

Johnson & Johnson 0.18%
Rio Tinto Limited 0.13%
Rio Tinto PLC 0.10%

Animal Testing

Associated British Foods PLC 0.03%
Celanese Corporation 0.02%
Corteva Inc 0.02%
Danone SA 0.03%
Dow, Inc. 0.02%
Dupont De Nemours, Inc. 0.03%
Eastman Chemical Company 0.02%
Fmc Corporation 0.03%
Glaxosmithkline PLC 0.05%
Henkel AG & Co. Kgaa 0.02%
Henkel AG & Co. Kgaa Pref 0.02%
Johnson & Johnson 0.18%
Kao Corp. 0.02%
Keurig Dr Pepper Inc. 0.02%
Kimberly-Clark Corporation 0.02%
L'Oreal SA 0.02%
LVMH Moet Hennessy Louis Vuitton Se 0.03%
Linde PLC 0.02%
Lyondellbasell Industries Nv 0.04%
Mondelez International, Inc. Class A 0.08%
Procter & Gamble Company 0.15%
Reckitt Benckiser Group PLC 0.03%
Seven & I Holdings Co., Ltd. 0.05%
Sherwin-Williams Company 2.95% 15-Aug-2029 0.13%
Unilever PLC 0.03%
Yara International Asa 0.02%

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 16.64% 19.63%
2020 -1.20% 0.07%
2019 5.69% 7.32%
2018 5.19% 6.73%
2017 5.86% 6.7%
2016 4.01% 3.84%
2015 11.09% 8.47%
2014 7.28% 8.95%
2013 10.75% 9.5%
2012 1.75% -1.67%

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
    10.39%
  • Bayfair Shopping Centre - Retail
    New Zealand Unlisted Property
    1.67%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.47%
  • Jpm USD Call A/C - Current Accounts 31/12/2021
    New Zealand Cash and Equivalents
    1.37%
  • Meta Platforms Inc. Class A
    United States International Equities
    1.3%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.26%
  • Infratil Limited
    New Zealand Australasian Equities
    1.2%
  • Emini S&P 500 (Cme) Mar 22 18/03/2022
    New Zealand International Equities
    1.1%
  • Alphabet Inc. Class A
    United States International Equities
    1.08%
  • Government Of New Zealand 2.0% 20-Sep-2025
    New Zealand NZ Fixed Interest AAA
    0.99%

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 6.4% 11.55%
New Zealand Fixed Interest 17.0% 16.61%
International Fixed Interest 17.0% 14.82%
Australasian Equities 17.2% 16.38%
International Equities 33.0% 31.49%
Listed Properties 0.0% 0.0%
Unlisted Properties 4.7% 3.98%
Other 4.7% 5.17%
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:
    0.57%
  • Animal Testing:
    1.13%
  • Fossil Fuels:
    1.00%
  • Gambling:
    0.00%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    0.41%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.05%
  • Weapons:
    0.40%

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

"This investment option aims to provide a balance between stability of returns and growing your investment over the long term by investing in a mix of income and growth assets. Automatically rebalanced each year to a target fund mix determined by us within a range of 40% to 50% Conservative Fund and 50% to 60% Growth Fund. As at the date of this fund update the target fund mix is 40% Conservative Fund and 60% Growth Fund"

Value $1.1B NZD
Period of data report Fri Dec. 31st 2021
Members 37,247
Fund started Fri June 12th 2009
Total annual fund fees 1.88%
Total performance based fees 0.89%
Manager's basic fee 0.91%
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)

Robbie Urquhart

Currently: Senior Portfolio Manager Australian Equities (3 years, 7 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 Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

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.