Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
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.
Kinder Morgan Inc Class P 0.19%
Royal Dutch Shell Plc Class B 0.14%
Total Sa 0.13%
Bp P.L.C. 0.11%
Cms Energy Corporation 0.11%
Chevron Corporation 0.07%
American Electric Power Company, Inc. 0.05%
Exxon Mobil Corporation 0.05%
Xcel Energy Inc. 0.04%
Equinor Asa 0.03%
Repsol Sa 0.03%
Inpex Corporation 0.02%
Lyondellbasell Industries Nv 0.02%
Omv Ag 0.02%
Valero Energy Corporation 0.01%
Hess Corporation 0.01%
Galaxy Entertainment Group Limited 0.03%
Delegat Group Limited 0.39%
Diageo Plc 0.07%
Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.06%
Asahi Group Holdings,Ltd. 0.04%
Anheuser-Busch Inbev Sa/Nv 0.03%
Constellation Brands, Inc. Class A 0.01%
Basf Se 0.08%
Dupont De Nemours, Inc. 0.02%
Human Rights & Environmental Violations
Rio Tinto Limited 0.23%
Nestle S.A. 0.18%
Johnson & Johnson 0.15%
Royal Dutch Shell Plc Class B 0.14%
Rio Tinto Plc 0.12%
Chevron Corporation 0.07%
Sempra Energy 0.02%
Nestle S.A. 0.180%
Johnson & Johnson 0.150%
Royal Dutch Shell Plc Class B 0.140%
Glaxosmithkline Plc 0.130%
Unilever Nv 0.130%
Procter & Gamble Company 0.110%
Reckitt Benckiser Group Plc 0.090%
Basf Se 0.080%
Chevron Corporation 0.070%
Danone Sa 0.050%
Walgreens Boots Alliance Inc 0.050%
Kimberly-Clark Corporation 0.040%
General Mills, Inc. 0.030%
Solvay Sa 0.030%
Sumitomo Chemical Co., Ltd. 0.020%
Ppg Industries, Inc. 0.020%
Colgate-Palmolive Company 0.020%
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.
|Name||Fisher Funds GlidePath Age 50|
|Risk profile||Growth fund|
|Description||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.|
|Market index description||The market index return is made up of 86% Growth Fund market index return and 14% Conservative Fund market index return|
|Disclosure Statement Period||Tue March 31st 2020|
|Fund started||Tue Oct. 31st 2017|
|Three-year average return||*3.88%|
|Market index past year return||-1.47%|
|Past year return net charges and tax||-0.66%|
|Past year return net of charges gross of tax||-0.57%|
|Market index return since fund started||4.92%|
|Return since fund started net||3.49%|
|Total annual fund fees||1.35%|
|Total performance based fees||0.31%|
|Manager's basic fee||0.94%|
|Total other charges||36.0|
|Total other charges currency||NZD|
Currently: Senior Portfolio Manager, International Equities (3 years, 11 months)
Previously: Senior Investment Analyst, International Equities, Fisher Funds Management Limited (2 years, 11 months)
Currently: Head of Direct Property (11 years, 10 months)
Previously: Portfolio Manager, Commercial & Industrial, AMP Capital Management (8 years, 0 months)
Currently: Senior Portfolio Manager, Fixed Interest (9 years, 0 months)
Previously: Executive Director, Goldman Sachs International, London (3 years, 0 months)
Currently: Chief Investment Officer (2 years, 8 months)
Previously: Director, Fisher Funds Management Limited (12 years, 4 months)
Currently: Chief Investment Strategist (2 years, 8 months)
Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)
Currently: Senior Portfolio Manager, NZ Equities (3 years, 1 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 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|
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 NA6.69%
A2 Milk Company Ltd.
New Zealand Australasian Equities NA2.54%
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities NA2.3%
Bayfair Shopping Centre - Retail
New Zealand Unlisted Property NA2.3%
BNZ Call A/C - Current Accounts 31/03/2020
New Zealand Cash and Equivalents NA2.23%
New Zealand Australasian Equities NA1.85%
Australia Australasian Equities NA1.29%
New Zealand Australasian Equities NA1.28%
Alphabet Inc. Class A
United States International Equities NA1.22%
Government Of New Zealand 2.0% 20-Sep-2025
New Zealand NZ Fixed Interest AAA1.09%
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.
|Cash and Cash Equivalents||7.0%||12.23%|
|New Zealand Fixed Interest||8.0%||14.85%|
|International Fixed Interest||12.0%||8.07%|
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 concernDoes this fund say it excludes this?Actual holdings
Human Rights & Environmental Violations:0.91%
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 50 is a representation of the GlidePath life cycle. This investment option invests 86% in the Growth Fund and 14% in the Conservative Fund."
Download the fund's disclosure statement and portfolio holdings.