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Fisher Funds Balanced Strategy

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Not Mindful
Type: Balanced fund
Past Returns: 4.71%

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

Annual Fees: 1.1%

Annual fees, including any membership and % management 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

Kinder Morgan Inc Class P 0.18%
Royal Dutch Shell Plc Class B 0.11%
Cms Energy Corporation 0.11%
Total Sa 0.10%
Bp P.L.C. 0.08%
Chevron Corporation 0.06%
American Electric Power Company, Inc. 0.04%
Exxon Mobil Corporation 0.04%
Xcel Energy Inc. 0.03%
Equinor Asa 0.02%
Repsol Sa 0.02%
Inpex Corporation 0.02%
Conocophillips 0.02%
Lyondellbasell Industries Nv 0.01%
Omv Ag 0.01%
Valero Energy Corporation 0.01%
Hess Corporation 0.01%

Gambling

Galaxy Entertainment Group Limited 0.02%

Alcohol

Delegat Group Limited 0.28%
Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.11%
Diageo Plc 0.05%
Asahi Group Holdings,Ltd. 0.03%
Anheuser-Busch Inbev Sa/Nv 0.02%
Constellation Brands, Inc. Class A 0.01%

GMOs

Basf Se 0.06%
Dupont De Nemours, Inc. 0.01%

Human Rights & Environmental Violations

Rio Tinto Limited 0.16%
Nestle S.A. 0.13%
Johnson & Johnson 0.11%
Royal Dutch Shell Plc Class B 0.11%
Rio Tinto Plc 0.09%
Chevron Corporation 0.06%
Sempra Energy 0.02%

Animal Testing

Nestle S.A. 0.130%
Johnson & Johnson 0.110%
Royal Dutch Shell Plc Class B 0.110%
Glaxosmithkline Plc 0.100%
Unilever Nv 0.090%
Procter & Gamble Company 0.080%
Reckitt Benckiser Group Plc 0.070%
Basf Se 0.060%
Chevron Corporation 0.060%
Danone Sa 0.040%
Walgreens Boots Alliance Inc 0.040%
Kimberly-Clark Corporation 0.030%
General Mills, Inc. 0.030%
Solvay Sa 0.020%
Sumitomo Chemical Co., Ltd. 0.020%
Ppg Industries, Inc. 0.020%
Colgate-Palmolive Company 0.020%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 30th 2020 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.

A summary of this fund and its details.

Number FND1052
Name Fisher Funds Balanced Strategy
Risk profile Balanced fund
Description This investment option aims to provide a balance between protecting your investment and growing it over the long term. Invests in a balance of income and growth assets, and automatically rebalanced each year to the target investment mix of 45% Conservative Fund and 55% Growth Fund.
Value $810M NZD
Members 39,299
Market index description The market index returns are calculated based on the historic Balanced Strategy allocations to the Growth Fund and Conservative Fund market index returns
Period of data report Tue June 30th 2020
Fund started Fri June 12th 2009
Three-year average return 4.71%
Market index past year return 3.72%
Past year return net of charges and tax 5.3%
Past year return net of charges gross of tax 6.05%
Market index return since fund started 8.67%
Return since fund started net 6.94%
Total annual fund fees 1.1%
Total performance based fees 0.11%
Manager's basic fee 0.92%
Administration charges 0.07%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

  • Ashley Gardyne

    Currently: Senior Portfolio Manager, International Equities (4 years, 2 months)
    Previously: Senior Investment Analyst, International Equities, Fisher Funds Management Limited (2 years, 11 months)

  • Ashley Gardyne

    Currently: Senior Portfolio Manager, International Equities (4 years, 2 months)
    Previously: Senior Investment Analyst, International Equities, Fisher Funds Management Limited (2 years, 11 months)

  • Ashley Gardyne

    Currently: Senior Portfolio Manager, International Equities (4 years, 2 months)
    Previously: Senior Investment Analyst, International Equities, Fisher Funds Management Limited (2 years, 11 months)

  • Ashley Gardyne

    Currently: Senior Portfolio Manager, International Equities (4 years, 2 months)
    Previously: Senior Investment Analyst, International Equities, Fisher Funds Management Limited (2 years, 11 months)

  • Ashley Gardyne

    Currently: Senior Portfolio Manager, International Equities (4 years, 2 months)
    Previously: Senior Investment Analyst, International Equities, Fisher Funds Management Limited (2 years, 11 months)

  • Ashley Gardyne

    Currently: Senior Portfolio Manager, International Equities (4 years, 2 months)
    Previously: Senior Investment Analyst, International Equities, Fisher Funds Management Limited (2 years, 11 months)

  • Brent Buchanan

    Currently: Head of Direct Property (12 years, 1 months)
    Previously: Portfolio Manager, Commercial & Industrial, AMP Capital Management (8 years, 0 months)

  • David Mcleish

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

  • David Mcleish

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

  • David Mcleish

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

  • David Mcleish

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

  • David Mcleish

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

  • David Mcleish

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

  • David Mcleish

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

  • Frank Jasper

    Currently: Chief Investment Officer (2 years, 11 months)
    Previously: Director, Fisher Funds Management Limited (12 years, 4 months)

  • Frank Jasper

    Currently: Chief Investment Officer (2 years, 11 months)
    Previously: Director, Fisher Funds Management Limited (12 years, 4 months)

  • Frank Jasper

    Currently: Chief Investment Officer (2 years, 11 months)
    Previously: Director, Fisher Funds Management Limited (12 years, 4 months)

  • Frank Jasper

    Currently: Chief Investment Officer (2 years, 11 months)
    Previously: Director, Fisher Funds Management Limited (12 years, 4 months)

  • Frank Jasper

    Currently: Chief Investment Officer (2 years, 11 months)
    Previously: Director, Fisher Funds Management Limited (12 years, 4 months)

  • Frank Jasper

    Currently: Chief Investment Officer (2 years, 11 months)
    Previously: Director, Fisher Funds Management Limited (12 years, 4 months)

  • Frank Jasper

    Currently: Chief Investment Officer (2 years, 11 months)
    Previously: Director, Fisher Funds Management Limited (12 years, 4 months)

  • Mark Brighouse

    Currently: Chief Investment Strategist (2 years, 11 months)
    Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

  • Mark Brighouse

    Currently: Chief Investment Strategist (2 years, 11 months)
    Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

  • Mark Brighouse

    Currently: Chief Investment Strategist (2 years, 11 months)
    Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

  • Mark Brighouse

    Currently: Chief Investment Strategist (2 years, 11 months)
    Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

  • Mark Brighouse

    Currently: Chief Investment Strategist (2 years, 11 months)
    Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

  • Mark Brighouse

    Currently: Chief Investment Strategist (2 years, 11 months)
    Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

  • Mark Brighouse

    Currently: Chief Investment Strategist (2 years, 11 months)
    Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

  • Sam Dickie

    Currently: Senior Portfolio Manager, NZ Equities (3 years, 4 months)
    Previously: Portfolio Manager, Moore Capital Asia Limited (5 years, 10 months)

  • Sam Dickie

    Currently: Senior Portfolio Manager, NZ Equities (3 years, 4 months)
    Previously: Portfolio Manager, Moore Capital Asia Limited (5 years, 10 months)

  • Sam Dickie

    Currently: Senior Portfolio Manager, NZ Equities (3 years, 4 months)
    Previously: Portfolio Manager, Moore Capital Asia Limited (5 years, 10 months)

  • Sam Dickie

    Currently: Senior Portfolio Manager, NZ Equities (3 years, 4 months)
    Previously: Portfolio Manager, Moore Capital Asia Limited (5 years, 10 months)

  • Sam Dickie

    Currently: Senior Portfolio Manager, NZ Equities (3 years, 4 months)
    Previously: Portfolio Manager, Moore Capital Asia Limited (5 years, 10 months)

  • Sam Dickie

    Currently: Senior Portfolio Manager, NZ Equities (3 years, 4 months)
    Previously: Portfolio Manager, Moore Capital Asia Limited (5 years, 10 months)

  • Sam Dickie

    Currently: Senior Portfolio Manager, NZ Equities (3 years, 4 months)
    Previously: Portfolio Manager, Moore Capital Asia Limited (5 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

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
2020 -1.89% 0.07%
2019 5.68% 7.32%
2018 5.63% 6.73%
2017 6.10% 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%
2011 5.30% 7.08%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents
    5.7%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    2.13%
  • Bayfair Shopping Centre - Retail
    New Zealand Unlisted Property
    2.01%
  • A2 Milk Company Ltd.
    New Zealand Australasian Equities
    1.67%
  • BNZ Call A/C - Current Accounts 30/06/2020
    New Zealand Cash and Equivalents
    1.54%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.36%
  • Infratil Limited
    New Zealand Australasian Equities
    1.22%
  • Emini S&P 500 (Cme) Sep 20 18/09/2020
    United States International Equities
    1.2%
  • Government Of New Zealand 2.0% 20-Sep-2025
    New Zealand NZ Fixed Interest AAA
    1.14%
  • Auckland International Airport Limited
    New Zealand Australasian Equities
    0.97%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 11.5% 10.23%
New Zealand Fixed Interest 11.0% 18.88%
International Fixed Interest 21.0% 15.34%
Australasian Equities 18.0% 20.61%
International Equities 28.5% 29.26%
Listed Properties 5.0% 0.82%
Unlisted Properties 5.0% 4.86%
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 June 2020 .

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.50%
  • Animal Testing:
    1.03%
  • Fossil Fuels:
    0.87%
  • Gambling:
    0.02%
  • GMOs:
    0.07%
  • Human Rights & Environmental Violations:
    0.68%
  • 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 Tue June 30th 2020 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.

In their own words: "This investment option aims to provide a balance between protecting your investment and growing it over the long term. Invests in a balance of income and growth assets, and automatically rebalanced each year to the target investment mix of 45% Conservative Fund and 55% Growth Fund."

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.