Funds
Fisher Funds Two Balanced Fund
Issues of concern
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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Cms Energy Corporation 0.38%
- Kinder Morgan Inc Class P 0.36%
- Channel Infrastructure NZ Ltd. 5.1% 01-Mar-2034 0.20%
- Contact Energy Limited 0.18%
- Enterprise Products Partners L.P. 0.16%
- Vistra Corp. 0.09%
- Nrg Energy, Inc. 0.08%
- Williams Companies, Inc. 0.08%
- Enbridge Inc. 0.07%
- Lyondellbasell Industries Nv 0.07%
- Ppl Corporation 0.06%
- Atmos Energy Corporation 0.05%
- Nisource Inc 0.05%
- Sempra Energy 0.05%
- Tc Energy Corporation 0.05%
- Constellation Energy Corporation 0.04%
- Naturgy Energy Group, S.A. 0.04%
- Contact Energy Limited Rcd 07/11/2022 08/11/2022 0.03%
- Contact Energy Limited Rcd 19/10/2022 20/10/2022 0.03%
- Enagas SA 0.03%
- National Grid PLC 0.03%
- Parkland Corporation 0.03%
- Snam S.P.A. 0.03%
Weapons
- Hexcel Corporation 0.13%
- Booz Allen Hamilton Holding Corporation Class A 0.03%
Alcohol
- Delegat Group Limited 0.18%
- Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.09%
- Diageo PLC 0.06%
- Constellation Brands, Inc. Class A 0.05%
- Heineken Holding N.V. 0.05%
- Molson Coors Beverage Company Class B 0.03%
- Carlsberg As Class B 0.02%
GMOs
- Corteva Inc 0.03%
Human Rights & Environmental Violations
- Meta Platforms Inc. Class A 1.22%
- Johnson & Johnson 0.25%
- Rio Tinto PLC 0.13%
- Fmc Corporation 0.04%
- Corteva Inc 0.03%
- Caterpillar Inc. 0.02%
Animal Cruelty
- Procter & Gamble Company 0.18%
- Sherwin-Williams Company 2.95% 15-Aug-2029 0.14%
- Mondelez International, Inc. Class A 0.10%
- Lyondellbasell Industries Nv 0.07%
- Constellation Brands, Inc. Class A 0.05%
- Dow, Inc. 0.05%
- Koninklijke Ahold Delhaize N.V. 0.05%
- 3M Company 0.04%
- Fmc Corporation 0.04%
- Yara International Asa 0.04%
- Corteva Inc 0.03%
- Danone SA 0.03%
- Dcc PLC 0.03%
- Dupont De Nemours, Inc. 0.03%
- Essity Ab Class B 0.03%
- Keurig Dr Pepper Inc. 0.03%
- LVMH Moet Hennessy Louis Vuitton Se 0.03%
- Molson Coors Beverage Company Class B 0.03%
- Tyson Foods, Inc. Class A 0.03%
- Unilever PLC 0.03%
- Associated British Foods PLC 0.02%
- Eastman Chemical Company 0.02%
- Henkel AG & Co. Kgaa 0.02%
- Henkel AG & Co. Kgaa Pref 0.02%
- Kao Corp. 0.02%
- Kering SA 0.02%
- Kimberly-Clark Corporation 0.02%
- L'Oreal S.A. 0.02%
- Moncler Spa 0.02%
- Mowi Asa 0.02%
- Otsuka Holdings Co., Ltd. 0.02%
- Celanese Corporation 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 30th Sept. 2022 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.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
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.
About this fund
In their own words
The fund 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
| Value | $1.4B NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 44,218 |
| Fund started | 1st Oct. 2007 |
| Total annual fund fees | 0.94% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.86% |
| Other management and administration charges | 0.08% |
| Total other charges | 20.25 |
| Total other charges currency | NZD |
Key Personnel
|
Ashley Gardyne |
Currently: Chief Investment Officer (0 years, 3 months) |
|
Mark Brighouse |
Currently: Chief Investment Strategist (5 years, 5 months) |
|
David Mcleish |
Currently: Senior Portfolio Manager, Fixed Interest (11 years, 9 months) |
|
Sam Dickie |
Currently: Senior Portfolio Manager, International Equities and Property & Infrastructure (0 years, 3 months) |
|
Brent Buchanan |
Currently: Head of Direct Property (14 years, 7 months) |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.00% | |
| Alcohol | 0.48% | |
| Animal Cruelty | 1.29% | |
| Fossil Fuels | 2.19% | |
| Gambling | 0.00% | |
| GMOs | 0.03% | |
| Human Rights & Environmental Violations | 1.69% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.16% |
This data is compiled by Mindful Money from the fund information and portfolios
that each KiwiSaver fund has
filed with the Disclose register to 30th Sept. 2022 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 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.
Past Returns
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 |
|---|---|---|
| 2022 | 0.35% | 0.42% |
| 2021 | 16.60% | 20.24% |
| 2020 | -1.09% | 0.08% |
| 2019 | 5.56% | 7.07% |
| 2018 | 5.28% | 5.9% |
| 2017 | 5.86% | 6.71% |
| 2016 | 4.01% | 4.05% |
| 2015 | 11.09% | 9.28% |
| 2014 | 7.28% | 7.2% |
| 2013 | 10.75% | 10.24% |
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 31st Dec. 2022.
Top 10 Investments
-
ANZ 10 A/C - Current Accounts
New Zealand Cash and Equivalents6.16% -
Proper("Bayfair Shopping Centre - Retail")
New Zealand Unlisted Property2.02% -
Mainfreight Limited
New Zealand Australasian Equities1.36% -
Infratil Limited
New Zealand Australasian Equities1.36% -
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities1.21% -
Meta Platforms Inc. Class A
United States International Equities1.1% -
Alphabet Inc. Class A
United States International Equities1.09% -
Amazon.Com, Inc.
United States International Equities1.06% -
Government Of New Zealand 2.5% 20-Sep-2035
New Zealand NZ Fixed Interest AAA1.05% -
Emini S&P 500 (Cme) Mar 23 16/03/2023
United States International Equities0.99%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 3.0% | 2.64% |
| New Zealand Fixed Interest | 17.0% | 17.15% |
| International Fixed Interest | 20.0% | 20.46% |
| Australasian Equities | 14.0% | 14.37% |
| International Equities | 34.0% | 33.53% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 6.0% | 5.55% |
| Other | 6.0% | 6.3% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st Dec. 2022.