Funds
Fisher Funds GlidePath Age 50
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
- Kinder Morgan Inc Class P 0.39%
- Cms Energy Corporation 0.38%
- Contact Energy Limited 0.18%
- Channel Infrastructure NZ Ltd. 5.1% 01-Mar-2034 0.14%
- Enterprise Products Partners L.P. 0.13%
- Vistra Corp. 0.11%
- Nrg Energy, Inc. 0.10%
- Williams Companies, Inc. 0.10%
- Enbridge Inc. 0.08%
- Lyondellbasell Industries Nv 0.08%
- Contact Energy Limited Rcd 07/11/2022 08/11/2022 0.07%
- Contact Energy Limited Rcd 19/10/2022 20/10/2022 0.07%
- Ppl Corporation 0.07%
- Tc Energy Corporation 0.07%
- Atmos Energy Corporation 0.06%
- Nisource Inc 0.06%
- Sempra Energy 0.06%
- Constellation Energy Corporation 0.05%
- National Grid PLC 0.04%
- Naturgy Energy Group, S.A. 0.04%
- Parkland Corporation 0.04%
- Snam S.P.A. 0.04%
- Enagas SA 0.03%
Weapons
- Hexcel Corporation 0.16%
- Booz Allen Hamilton Holding Corporation Class A 0.04%
Alcohol
- Delegat Group Limited 0.29%
- Diageo PLC 0.08%
- Heineken Holding N.V. 0.07%
- Constellation Brands, Inc. Class A 0.06%
- Molson Coors Beverage Company Class B 0.04%
- Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.03%
- Carlsberg As Class B 0.03%
GMOs
- Corteva Inc 0.04%
Human Rights & Environmental Violations
- Meta Platforms Inc. Class A 1.53%
- Johnson & Johnson 0.31%
- Rio Tinto PLC 0.17%
- Fmc Corporation 0.05%
- Corteva Inc 0.04%
- Caterpillar Inc. 0.03%
Animal Cruelty
- Procter & Gamble Company 0.23%
- Mondelez International, Inc. Class A 0.13%
- Lyondellbasell Industries Nv 0.08%
- Koninklijke Ahold Delhaize N.V. 0.07%
- Constellation Brands, Inc. Class A 0.06%
- Dow, Inc. 0.06%
- 3M Company 0.05%
- Fmc Corporation 0.05%
- Sherwin-Williams Company 2.95% 15-Aug-2029 0.05%
- Yara International Asa 0.05%
- Corteva Inc 0.04%
- Dcc PLC 0.04%
- Dupont De Nemours, Inc. 0.04%
- Keurig Dr Pepper Inc. 0.04%
- LVMH Moet Hennessy Louis Vuitton Se 0.04%
- Molson Coors Beverage Company Class B 0.04%
- Tyson Foods, Inc. Class A 0.04%
- Unilever PLC 0.04%
- Danone SA 0.03%
- Essity Ab Class B 0.03%
- Henkel AG & Co. Kgaa 0.03%
- Henkel AG & Co. Kgaa Pref 0.03%
- Kao Corp. 0.03%
- Kimberly-Clark Corporation 0.03%
- Moncler Spa 0.03%
- Associated British Foods PLC 0.02%
- Celanese Corporation 0.02%
- Eastman Chemical Company 0.02%
- Kering SA 0.02%
- L'Oreal S.A. 0.02%
- Mowi Asa 0.02%
- Otsuka Holdings Co., Ltd. 0.02%
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
GlidePath age 50 is a representation of the GlidePath life cycle. This investment option invests 86% in the Growth Fund and 14% in the Conservative Fund.
| Value | $5.6M NZD |
| Period of data report | 31st Dec. 2022 |
| Members | 169 |
| Fund started | 31st Oct. 2017 |
| Total annual fund fees | 1.38% |
| Total performance based fees | 0.37% |
| Manager's basic fee | 0.94% |
| Other management and administration charges | 0.07% |
| 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) |
|
Robbie Urquhart |
Currently: Senior Portfolio Manager, Australian Equities (4 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 | 0.60% | |
| Animal Cruelty | 1.50% | |
| Fossil Fuels | 2.39% | |
| Gambling | 0.00% | |
| GMOs | 0.04% | |
| Human Rights & Environmental Violations | 2.13% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.20% |
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 | 1.87% | 0.67% |
| 2021 | 27.41% | 26.15% |
| 2020 | -3.40% | -0.66% |
| 2019 | 6.95% | 8.41% |
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 Equivalents6.42% -
Mainfreight Limited
New Zealand Australasian Equities2.15% -
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities1.91% -
Infratil Limited
New Zealand Australasian Equities1.71% -
Proper("Bayfair Shopping Centre - Retail")
New Zealand Unlisted Property1.51% -
Xero Limited
Australia Australasian Equities1.47% -
Meta Platforms Inc. Class A
United States International Equities1.4% -
Alphabet Inc. Class A
United States International Equities1.39% -
Amazon.Com, Inc.
United States International Equities1.35% -
Emini S&P 500 (Cme) Mar 23 16/03/2023
United States International Equities1.23%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 3.0% | 4.12% |
| New Zealand Fixed Interest | 13.0% | 13.96% |
| International Fixed Interest | 11.0% | 8.2% |
| Australasian Equities | 22.0% | 22.76% |
| International Equities | 42.0% | 41.92% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 4.5% | 3.99% |
| Other | 4.5% | 5.05% |
| 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.