Fisher Funds Two Conservative Fund

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Not Mindful
Type: Conservative fund
Past Returns: 3.31%

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

Annual Fees: 0.92%

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%
Cms Energy Corporation 0.12%
Black Hills Corp Sr Unsec 0.05%
Royal Dutch Shell Plc Class B 0.04%
Total Sa 0.04%
Bp P.L.C. 0.03%
Chevron Corporation 0.02%
Nextera Energy Capital Sr Unsec 0.02%
Energy Transfer Operatng Sr Unsec 0.01%
American Electric Power Company, Inc. 0.02%
Exxon Mobil Corporation 0.01%
Xcel Energy Inc. 0.01%
Equinor Asa 0.01%
Repsol Sa 0.01%
Inpex Corporation 0.01%
Conocophillips 0.01%
Lyondellbasell Industries Nv 0.01%
Omv Ag 0.01%

Weapons

Harris Corporation Sr Unsec 0.01%

Gambling

Las Vegas Sands Corp Sr Unsec 0.03%
Galaxy Entertainment Group Limited 0.01%
Sands China Ltd Sr Unsec 0.01%

Alcohol

Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.12%
Delegat Group Limited 0.08%
Diageo Plc 0.02%
Asahi Group Holdings,Ltd. 0.01%
Anheuser-Busch Inbev Sa/Nv 0.01%

GMOs

Basf Se 0.02%
Dupont De Nemours, Inc. 0.01%

Human Rights & Environmental Violations

Nestle S.A. 0.05%
Rio Tinto Limited 0.05%
Johnson & Johnson 0.04%
Royal Dutch Shell Plc Class B 0.04%
Rio Tinto Plc 0.04%
Chevron Corporation 0.02%
Sempra Energy Sr Unsec 0.02%
Sempra Energy 0.01%

Animal Testing

Nestle S.A. 0.050%
Johnson & Johnson 0.040%
Royal Dutch Shell Plc Class B 0.040%
Glaxosmithkline Plc 0.040%
Unilever Nv 0.040%
Procter & Gamble Company 0.030%
Reckitt Benckiser Group Plc 0.030%
Kraft Heinz Foods Co Sr Unsec 0.030%
Basf Se 0.020%
Chevron Corporation 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 0.020%
Danone Sa 0.020%
Walgreens Boots Alliance Inc 0.020%
Kimberly-Clark Corporation 0.010%
Tesco Property Fin 4 Plc Mtge Backed 0.010%
General Mills, Inc. 0.010%
Solvay Sa 0.010%
Sumitomo Chemical Co., Ltd. 0.010%
Ppg Industries, Inc. 0.010%
Colgate-Palmolive Company 0.010%
Tesco Prop Fin 6 Plc 0.010%

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 FND1083
Name Fisher Funds Two Conservative Fund
Risk profile Conservative fund
Description The fund aims to offer moderate protection for your savings while providing a modest level of return over the medium term. Invested like the Cash Enhanced Fund, with a bit more invested in growth assets
Value $160M NZD
Members 6,640
Market index description The market index return reflects a composite of benchmark index returns, weighted for the fund’s target asset allocation. The benchmark indices used for each asset class are defined in the Statement of Investment Policy and Objectives (SIPO)
Period of data report Tue June 30th 2020
Fund started Mon Oct. 1st 2007
Three-year average return 3.31%
Market index past year return 3.51%
Past year return net of charges and tax 3.19%
Past year return net of charges gross of tax 4.15%
Market index return since fund started 6.55%
Return since fund started net 4.82%
Total annual fund fees 0.92%
Total performance based fees 0.0%
Manager's basic fee 0.84%
Administration charges 0.08%
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 1.07% 0.91%
2019 4.40% 5.14%
2018 3.80% 3.89%
2017 4.16% 4.05%
2016 3.52% 3.79%
2015 8.10% 7.19%
2014 3.88% 4.24%
2013 6.92% 7.12%
2012 3.16% 2.98%
2011 5.06% 4.04%

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
    5.15%
  • BNZ Call A/C - Current Accounts 30/06/2020
    New Zealand Cash and Equivalents
    2.49%
  • Bayfair Shopping Centre - Retail
    New Zealand Unlisted Property
    2.13%
  • Government Of New Zealand 2.0% 20-Sep-2025
    New Zealand NZ Fixed Interest AAA
    1.58%
  • Government Of New Zealand 3.5% 14-Apr-2033
    New Zealand NZ Fixed Interest AAA
    1.51%
  • Government Of New Zealand 2.5% 20-Sep-2040
    New Zealand NZ Fixed Interest AAA
    1.31%
  • Government Of New Zealand 2.75% 15-Apr-2037
    New Zealand NZ Fixed Interest AAA
    1.14%
  • Rabobank Nederland Frn 22-Mar-2021
    New Zealand NZ Fixed Interest AA3
    1.12%
  • ASB Bank Ltd. Frn 22-Feb-2022
    New Zealand NZ Fixed Interest AA-
    1.11%
  • Government Of New Zealand 2.75% 15-Apr-2025
    New Zealand NZ Fixed Interest AAA
    1.1%

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 19.5% 14.32%
New Zealand Fixed Interest 18.0% 31.23%
International Fixed Interest 35.0% 27.02%
Australasian Equities 5.5% 7.62%
International Equities 12.0% 13.82%
Listed Properties 5.0% 0.84%
Unlisted Properties 5.0% 5.15%
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:
    0.24%
  • Animal Testing:
    0.56%
  • Fossil Fuels:
    0.65%
  • Gambling:
    0.05%
  • GMOs:
    0.03%
  • Human Rights & Environmental Violations:
    0.27%
  • 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 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 offer moderate protection for your savings while providing a modest level of return over the medium term. Invested like the Cash Enhanced Fund, with a bit more invested in growth 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.