Fisher Funds Two Preservation Fund

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Not Mindful
Type: Defensive fund
Past Returns: 1.44%

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

Annual Fees: 0.62%

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.


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 FND1080
Name Fisher Funds Two Preservation Fund
Risk profile Defensive fund
Description The fund aims to protect your savings and provide a return that is better than 90-day bank bills. Invested in New Zealand cash and New Zealand short term fixed interest assets
Value $35M NZD
Members 1,645
Market index description S&P/NZX 90 Day Bank Bill Index
Period of data report Tue June 30th 2020
Fund started Mon Oct. 1st 2007
Three-year average return 1.44%
Market index past year return 1.20%
Past year return net of charges and tax 0.97%
Past year return net of charges gross of tax 1.36%
Market index return since fund started 2.53%
Return since fund started net 1.97%
Total annual fund fees 0.62%
Total performance based fees 0.0%
Manager's basic fee 0.48%
Administration charges 0.14%
Total other charges 28.44
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)

  • Brent Buchanan

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

  • Brent Buchanan

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

  • 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)

  • 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)

  • 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)

  • Robbie Urquhart

    Currently: Senior Portfolio Manager, Australian Equities (2 years, 1 months)
    Previously: Portfolio Manager / Principal, Trafalgar Copley Limited (11 years, 0 months)

  • Robbie Urquhart

    Currently: Senior Portfolio Manager, Australian Equities (2 years, 1 months)
    Previously: Portfolio Manager / Principal, Trafalgar Copley Limited (11 years, 0 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)

  • 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 1.56% 0.97%
2019 2.36% 1.69%
2018 2.10% 1.66%
2017 1.65% 1.63%
2016 2.72% 2.27%
2015 4.23% 2.59%
2014 2.00% 2.22%
2013 3.15% 2.52%
2012 3.62% 1.99%
2011 3.17% 2.26%

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:

  • BNZ Call A/C - Current Accounts 30/06/2020
    New Zealand Cash and Equivalents
    10.89%
  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents
    8.68%
  • Rabobank Nederland Frn 22-Mar-2021
    New Zealand NZ Fixed Interest AA3
    5.02%
  • ASB Bank Ltd. Frn 22-Feb-2022
    New Zealand NZ Fixed Interest AA-
    4.99%
  • Fonterra Co-Operative Group Limited Frn 09-Nov-2020
    New Zealand NZ Fixed Interest A
    3.57%
  • Bank Of New Zealand Limited Frn 29-Aug-2022
    New Zealand NZ Fixed Interest AA-
    3.26%
  • Fonterra Co-Operative Group Limited Frn 08-Oct-2021
    New Zealand NZ Fixed Interest A
    3.25%
  • Kiwibank Deposit A/C - Deposit Accounts 12/03/2021
    New Zealand Cash and Equivalents
    2.91%
  • Westpac New Zealand Ltd. Frn 14-Feb-2022
    New Zealand NZ Fixed Interest AA-
    2.72%
  • Wpac Bank Deposit Ac - Deposit Accounts 20/05/2021
    New Zealand Cash and Equivalents NA
    2.71%

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 50.0% 46.01%
New Zealand Fixed Interest 50.0% 53.99%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 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 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:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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: "The fund aims to protect your savings and provide a return that is better than 90-day bank bills. Invested in New Zealand cash and New Zealand short term fixed interest assets"

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.