Funds

Fisher Funds Two KiwiSaver Scheme GlidePath Age 40

Total Ethical Concerns: 6.73%

The average total concerns of all KiwiSaver growth funds is 8.07%.

Companies of Concern

  • Animal Cruelty 1.55%

    • Hermès International Sca
      0.61%
      0.61%
    • 0.22%
    • Koninklijke Ahold Delhaize Nv
      0.09%
      0.09%
    • 3M
      0.06%
      0.06%
    • Henkel AG & Co. Kgaa
      0.06%
      0.06%
    • Dcc PLC
      0.05%
      0.05%
    • Dupont De Nemours
      0.05%
      0.05%
    • Unilever PLC
      0.05%
      0.05%
    • Dow, Inc.
      0.04%
      0.04%
    • Tyson Foods Inc
      0.04%
      0.04%
    • Yara International Asa
      0.04%
      0.04%
    • Corteva, Inc.
      0.03%
      0.03%
    • Kao Corp.
      0.03%
      0.03%
    • Kimberly-Clark Corp.
      0.03%
      0.03%
    • Mowi Asa
      0.03%
      0.03%
    • Otsuka Holdings Co., Ltd.
      0.03%
      0.03%
    • Celanese Corp.
      0.02%
      0.02%
    • Fmc Corp.
      0.02%
      0.02%
    • The Sherwin-Williams Co.
      0.01%
      0.01%
  • Human Rights Violations 1.79%

    • 1.12%
    • 0.29%
    • Holcim
      0.18%
      0.18%
    • Rio Tinto
      0.17%
      0.17%
    • Caterpillar
      0.03%
      0.03%
  • Social Harm 0.35%

  • Fossil Fuels 2.86%

    • Contact Energy Ltd.
      0.68%
      1.5°C
      This company is on a 1.5°C pathway
      0.68%
    • Kinder Morgan, Inc.
      0.45%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.45%
    • Cms Energy Corp.
      0.43%
      0.43%
    • The Williams Cos., Inc.
      0.20%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.20%
    • Rio Tinto
      0.17%
      0.17%
    • Ppl Corp.
      0.13%
      0.13%
    • Atmos Energy Corp.
      0.09%
      0.09%
    • Nisource, Inc.
      0.09%
      0.09%
    • Endesa SA
      0.07%
      1.5°C
      This company is on a 1.5°C pathway
      0.07%
    • Enterprise Products Partners Lp
      0.07%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.07%
    • Tc Energy Corp.
      0.07%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.07%
    • Centerpoint Energy, Inc.
      0.06%
      0.06%
    • National Grid PLC
      0.06%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.06%
    • 0.05%
    • Naturgy Energy Group SA
      0.05%
      0.05%
    • Sempra Energy
      0.05%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.05%
    • Parkland Corp.
      0.04%
      0.04%
    • Snam Spa
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Channel Infrastructure
      0.03%
      0.03%
    • Enagás SA
      0.03%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.03%
  • Environmental Harm 0.53%

    • Mondelez
      0.14%
      0.14%
    • 0.11%
    • 3M
      0.06%
      0.06%
    • Danone
      0.05%
      0.05%
    • Unilever PLC
      0.05%
      0.05%
    • Corteva, Inc.
      0.03%
      0.03%
    • Mowi Asa
      0.03%
      0.03%
    • Fmc Corp.
      0.02%
      0.02%
    • Fonterra
      0.02%
      0.02%
    • Saputo
      0.02%
      0.02%

From the Fund Provider

  • About this fund

    About this Fund

    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 $7.85M NZD
    Period of data report 31st March 2025
    Members 180
    Fund started 1st July 2014
    Total annual fund fees 1.08%
    Total performance based fees 0.0%
    Manager's basic fee 0.99%
    Other management and administration charges 0.09%
    Total other charges 0.0
    Total other charges currency NZD

    Ashley Gardyne

    Currently: Chief Investment Officer (3 years, 9 months)
    Previously: Senior Portfolio Manager, International Equities, Fisher Funds Management Limited (5 years, 5 months)

    Mark Brighouse

    Currently: Chief Investment Strategist (7 years, 8 months)
    Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

    Sam Dickie

    Currently: Senior Portfolio Manager, International Equities and Property & Infrastructure (2 years, 6 months)
    Previously: Senior Portfolio Manager, NZ Equities and Property & Infrastructure, Fisher Funds Management Limited (5 years, 7 months)

    Robbie Urquhart

    Currently: Senior Portfolio Manager, Australian Equities (6 years, 10 months)
    Previously: Portfolio Manager / Principal, Trafalgar Copley Limited (11 years, 0 months)

    Matt Peek

    Currently: Portfolio Manager, NZ Equities (2 years, 6 months)
    Previously: Senior Investment Analyst, NZ Equities, Fisher Funds Management Limited (5 years, 6 months)

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.71% 2.73%
    2024 14.15% 16.9%
    2023 -3.87% -2.18%
    2022 1.40% 2.45%
    2021 28.16% 29.54%
    2020 -3.43% -1.09%
    2019 6.75% 7.8%
    2018 7.80% 7.92%
    2017 9.24% 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 31st March 2025.

  • Investments

    Top 10 Investments

    • ANZ 10 A/C - Current Accounts

      New Zealand Cash and Equivalents AA-

      3.79%
    • Fisher & Paykel Healthcare Corp Ltd

      New Zealand Australasian Equities

      2.52%
    • Microsoft Corporation

      United States International Equities

      2.31%
    • Amazon.Com Inc

      United States International Equities

      2.04%
    • Infratil Limited

      New Zealand Australasian Equities

      1.7%
    • CSL Limited

      Australia Australasian Equities

      1.45%
    • Alphabet Inc Cap Stock Class A

      United States International Equities

      1.42%
    • Xero Limited

      Australia Australasian Equities

      1.41%
    • Auckland International Airport Limited

      New Zealand Australasian Equities

      1.37%
    • Mastercard Inc-Class A

      United States International Equities

      1.24%
    Type Target Actual
    Cash and Cash Equivalents 1.0% 5.08%
    New Zealand Fixed Interest 7.0% 6.76%
    International Fixed Interest 5.0% 2.82%
    Australasian Equities 30.0% 27.43%
    International Equities 51.0% 52.76%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 3.0% 1.78%
    Other 3.0% 3.37%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 1.55% Animal Cruelty
  • 1.79% Human Rights Violations
  • 0.35% Social Harm
  • 2.86% Fossil Fuels
  • 0.0% Weapons
  • 0.53% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Hermès International Sca
      0.61%
      0.61%
    • 0.22%
    • Koninklijke Ahold Delhaize Nv
      0.09%
      0.09%
    • 3M
      0.06%
      0.06%
    • Henkel AG & Co. Kgaa
      0.06%
      0.06%
    • Dcc PLC
      0.05%
      0.05%
    • Dupont De Nemours
      0.05%
      0.05%
    • Unilever PLC
      0.05%
      0.05%
    • Dow, Inc.
      0.04%
      0.04%
    • Tyson Foods Inc
      0.04%
      0.04%
    • Yara International Asa
      0.04%
      0.04%
    • Corteva, Inc.
      0.03%
      0.03%
    • Kao Corp.
      0.03%
      0.03%
    • Kimberly-Clark Corp.
      0.03%
      0.03%
    • Mowi Asa
      0.03%
      0.03%
    • Otsuka Holdings Co., Ltd.
      0.03%
      0.03%
    • Celanese Corp.
      0.02%
      0.02%
    • Fmc Corp.
      0.02%
      0.02%
    • The Sherwin-Williams Co.
      0.01%
      0.01%
  • Human Rights Violations

    • 1.12%
    • 0.29%
    • Holcim
      0.18%
      0.18%
    • Rio Tinto
      0.17%
      0.17%
    • Caterpillar
      0.03%
      0.03%
  • Fossil Fuels

    • Contact Energy Ltd.
      0.68%
      1.5°C
      This company is on a 1.5°C pathway
      0.68%
    • Kinder Morgan, Inc.
      0.45%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.45%
    • Cms Energy Corp.
      0.43%
      0.43%
    • The Williams Cos., Inc.
      0.20%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.20%
    • Rio Tinto
      0.17%
      0.17%
    • Ppl Corp.
      0.13%
      0.13%
    • Atmos Energy Corp.
      0.09%
      0.09%
    • Nisource, Inc.
      0.09%
      0.09%
    • Endesa SA
      0.07%
      1.5°C
      This company is on a 1.5°C pathway
      0.07%
    • Enterprise Products Partners Lp
      0.07%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.07%
    • Tc Energy Corp.
      0.07%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.07%
    • Centerpoint Energy, Inc.
      0.06%
      0.06%
    • National Grid PLC
      0.06%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.06%
    • 0.05%
    • Naturgy Energy Group SA
      0.05%
      0.05%
    • Sempra Energy
      0.05%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.05%
    • Parkland Corp.
      0.04%
      0.04%
    • Snam Spa
      0.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.04%
    • Channel Infrastructure
      0.03%
      0.03%
    • Enagás SA
      0.03%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.03%
  • Environmental Harm

    • Mondelez
      0.14%
      0.14%
    • 0.11%
    • 3M
      0.06%
      0.06%
    • Danone
      0.05%
      0.05%
    • Unilever PLC
      0.05%
      0.05%
    • Corteva, Inc.
      0.03%
      0.03%
    • Mowi Asa
      0.03%
      0.03%
    • Fmc Corp.
      0.02%
      0.02%
    • Fonterra
      0.02%
      0.02%
    • Saputo
      0.02%
      0.02%

About this Fund

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 $7.85M NZD
Period of data report 31st March 2025
Members 180
Fund started 1st July 2014
Total annual fund fees 1.08%
Total performance based fees 0.0%
Manager's basic fee 0.99%
Other management and administration charges 0.09%
Total other charges 0.0
Total other charges currency NZD

Ashley Gardyne

Currently: Chief Investment Officer (3 years, 9 months)
Previously: Senior Portfolio Manager, International Equities, Fisher Funds Management Limited (5 years, 5 months)

Mark Brighouse

Currently: Chief Investment Strategist (7 years, 8 months)
Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

Sam Dickie

Currently: Senior Portfolio Manager, International Equities and Property & Infrastructure (2 years, 6 months)
Previously: Senior Portfolio Manager, NZ Equities and Property & Infrastructure, Fisher Funds Management Limited (5 years, 7 months)

Robbie Urquhart

Currently: Senior Portfolio Manager, Australian Equities (6 years, 10 months)
Previously: Portfolio Manager / Principal, Trafalgar Copley Limited (11 years, 0 months)

Matt Peek

Currently: Portfolio Manager, NZ Equities (2 years, 6 months)
Previously: Senior Investment Analyst, NZ Equities, Fisher Funds Management Limited (5 years, 6 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.

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
2025 3.71% 2.73%
2024 14.15% 16.9%
2023 -3.87% -2.18%
2022 1.40% 2.45%
2021 28.16% 29.54%
2020 -3.43% -1.09%
2019 6.75% 7.8%
2018 7.80% 7.92%
2017 9.24% 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 31st March 2025.

Top 10 Investments

  • ANZ 10 A/C - Current Accounts

    New Zealand Cash and Equivalents AA-

    3.79%
  • Fisher & Paykel Healthcare Corp Ltd

    New Zealand Australasian Equities

    2.52%
  • Microsoft Corporation

    United States International Equities

    2.31%
  • Amazon.Com Inc

    United States International Equities

    2.04%
  • Infratil Limited

    New Zealand Australasian Equities

    1.7%
  • CSL Limited

    Australia Australasian Equities

    1.45%
  • Alphabet Inc Cap Stock Class A

    United States International Equities

    1.42%
  • Xero Limited

    Australia Australasian Equities

    1.41%
  • Auckland International Airport Limited

    New Zealand Australasian Equities

    1.37%
  • Mastercard Inc-Class A

    United States International Equities

    1.24%
Type Target Actual
Cash and Cash Equivalents 1.0% 5.08%
New Zealand Fixed Interest 7.0% 6.76%
International Fixed Interest 5.0% 2.82%
Australasian Equities 30.0% 27.43%
International Equities 51.0% 52.76%
Listed Properties 0.0% 0.0%
Unlisted Properties 3.0% 1.78%
Other 3.0% 3.37%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2025.