Fisher Funds Two GlidePath Age 40

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Not Mindful
Type: Growth fund
Past Returns: 4.88%

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

Annual Fees: 1.13%

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

Royal Dutch Shell Plc Class B 0.23%
Total Sa 0.22%
Bp P.L.C. 0.18%
Chevron Corporation 0.12%
American Electric Power Company, Inc. 0.09%
Exxon Mobil Corporation 0.08%
Xcel Energy Inc. 0.06%
Equinor Asa 0.05%
Repsol Sa 0.04%
Inpex Corporation 0.04%
Conocophillips 0.03%
Kinder Morgan Inc Class P 0.03%
Lyondellbasell Industries Nv 0.03%
Omv Ag 0.03%
Valero Energy Corporation 0.02%
Hess Corporation 0.02%

Gambling

Galaxy Entertainment Group Limited 0.04%

Alcohol

Delegat Group Limited 0.48%
Diageo Plc 0.11%
Asahi Group Holdings,Ltd. 0.06%
Anheuser-Busch Inbev Sa/Nv 0.05%
Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.03%
Constellation Brands, Inc. Class A 0.02%

GMOs

Basf Se 0.13%
Dupont De Nemours, Inc. 0.03%

Human Rights & Environmental Violations

Nestle S.A. 0.29%
Rio Tinto Limited 0.28%
Johnson & Johnson 0.24%
Royal Dutch Shell Plc Class B 0.23%
Rio Tinto Plc 0.19%
Chevron Corporation 0.12%
Sempra Energy 0.03%

Animal Testing

Nestle S.A. 0.290%
Johnson & Johnson 0.240%
Royal Dutch Shell Plc Class B 0.230%
Glaxosmithkline Plc 0.220%
Unilever Nv 0.200%
Procter & Gamble Company 0.180%
Reckitt Benckiser Group Plc 0.150%
Basf Se 0.130%
Chevron Corporation 0.120%
Danone Sa 0.090%
Walgreens Boots Alliance Inc 0.090%
Kimberly-Clark Corporation 0.070%
General Mills, Inc. 0.050%
Solvay Sa 0.050%
Sumitomo Chemical Co., Ltd. 0.040%
Ppg Industries, Inc. 0.040%
Colgate-Palmolive Company 0.030%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 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 FND1088
Name Fisher Funds Two GlidePath Age 40
Risk profile Growth fund
Description GlidePath age 40 is a representation of the GlidePath life cycle. This investment option invests 32% in the Equity Fund and 68% in the Growth Fund.
Value $4.1M NZD
Members 201
Market index description The market index return is made up of 32% Equity Fund market index return and 68% Growth Fund market index return
Disclosure Statement Period Tue March 31st 2020
Fund started Tue July 1st 2014
Three-year average return 4.88%
Market index past year return -2.60%
Past year return net charges and tax -1.09%
Past year return net of charges gross of tax -1.1%
Market index return since fund started 7.80%
Return since fund started net 6.17%
Total annual fund fees 1.13%
Total performance based fees 0.0%
Manager's basic fee 1.02%
Administration charges 0.11%
Total other charges 28.44
Total other charges currency NZD

Key Personnel

  • Robbie Urquhart

    Currently: Senior Portfolio Manager, Australian Equities (1 years, 10 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 31 March 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 -3.47% -1.09%
2019 6.87% 7.8%
2018 7.63% 7.92%
2017 8.87% 9.51%
2016 3.62% 3.56%

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 31 March 2020 .

Showing the top 10 investments for this fund:

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents NA
    7.89%
  • A2 Milk Company Ltd.
    New Zealand Australasian Equities NA
    3.12%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities NA
    2.82%
  • Bayfair Shopping Centre - Retail
    New Zealand Unlisted Property NA
    2.58%
  • BNZ Call A/C - Current Accounts 31/03/2020
    New Zealand Cash and Equivalents NA
    2.27%
  • Mainfreight Limited
    New Zealand Australasian Equities NA
    2.27%
  • Xero Limited
    Australia Australasian Equities NA
    1.59%
  • Emini S&P 500 (Cme) Jun 20 20/06/2020
    New Zealand International Equities NA
    1.47%
  • Infratil Limited
    New Zealand Australasian Equities NA
    1.28%
  • Apple Inc.
    United States International Equities NA
    1.25%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 7.0% 12.38%
New Zealand Fixed Interest 4.0% 10.44%
International Fixed Interest 6.0% 3.68%
Australasian Equities 31.0% 30.18%
International Equities 47.0% 37.33%
Listed Properties 0.0% 0.0%
Unlisted Properties 5.0% 5.99%
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 31 March 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:
    0.75%
  • Animal Testing:
    2.22%
  • Fossil Fuels:
    1.27%
  • Gambling:
    0.04%
  • GMOs:
    0.16%
  • Human Rights & Environmental Violations:
    1.38%
  • 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 31 March 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: "GlidePath age 40 is a representation of the GlidePath life cycle. This investment option invests 32% in the Equity Fund and 68% in the Growth Fund."

Download the fund's disclosure statement and portfolio holdings.

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