Funds
Fisher Funds Balanced Strategy 45/55
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 0.32%
- Kinder Morgan Inc Class P 0.32%
- Channel Infrastructure NZ Ltd. 5.1% 01-Mar-2034 0.21%
- Contact Energy Limited 0.16%
- Contact Energy Limited Rcd 07/11/2022 08/11/2022 0.13%
- Contact Energy Limited Rcd 19/10/2022 20/10/2022 0.13%
- Enterprise Products Partners L.P. 0.13%
- Vistra Corp. 0.09%
- Williams Companies, Inc. 0.08%
- Nrg Energy, Inc. 0.07%
- Enbridge Inc. 0.06%
- Lyondellbasell Industries Nv 0.06%
- Nisource Inc 0.05%
- Ppl Corporation 0.05%
- Tc Energy Corporation 0.05%
- Atmos Energy Corporation 0.04%
- Constellation Energy Corporation 0.04%
- Sempra Energy 0.04%
- Enagas SA 0.03%
- National Grid PLC 0.03%
- Naturgy Energy Group, S.A. 0.03%
- Parkland Corporation 0.03%
- Snam S.P.A. 0.03%
Weapons
- Hexcel Corporation 0.12%
- Booz Allen Hamilton Holding Corporation Class A 0.03%
Alcohol
- Delegat Group Limited 0.21%
- Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.07%
- Diageo PLC 0.06%
- Heineken Holding N.V. 0.05%
- Constellation Brands, Inc. Class A 0.04%
- 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 1.14%
- Johnson & Johnson 0.23%
- Rio Tinto PLC 0.12%
- Fmc Corporation 0.04%
- Corteva Inc 0.03%
- Caterpillar Inc. 0.02%
Animal Cruelty
- Procter & Gamble Company 0.17%
- Sherwin-Williams Company 2.95% 15-Aug-2029 0.11%
- Mondelez International, Inc. Class A 0.09%
- Lyondellbasell Industries Nv 0.06%
- Dow, Inc. 0.05%
- Koninklijke Ahold Delhaize N.V. 0.05%
- Constellation Brands, Inc. Class A 0.04%
- Fmc Corporation 0.04%
- Yara International Asa 0.04%
- 3M Company 0.03%
- Corteva Inc 0.03%
- Dcc PLC 0.03%
- Dupont De Nemours, Inc. 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%
- Danone SA 0.02%
- Eastman Chemical Company 0.02%
- Essity Ab Class B 0.02%
- Henkel AG & Co. Kgaa 0.02%
- Henkel AG & Co. Kgaa Pref 0.02%
- Kao Corp. 0.02%
- Kimberly-Clark Corporation 0.02%
- L'Oreal S.A. 0.02%
- Moncler Spa 0.02%
- Otsuka Holdings Co., Ltd. 0.02%
- Celanese Corporation 0.01%
- Kering SA 0.01%
- Mowi Asa 0.01%
This data is compiled by Mindful Money from the fund information and portfolios
that each 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
This investment option 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, and is automatically rebalanced each year to the target investment mix of 45% Conservative Fund and 55% Growth Fund
| Value | $79M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 31st July 2018 |
| Total annual fund fees | 1.55% |
| Total performance based fees | 0.16% |
| Manager's basic fee | 1.2% |
| Other management and administration charges | 0.19% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Ashley Gardyne |
Currently: Chief Investment Officer (0 years, 3 months) |
|
David Mcleish |
Currently: Senior Portfolio Manager, Fixed Interest (11 years, 9 months) |
|
Mark Brighouse |
Currently: Chief Investment Strategist (5 years, 5 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 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 | 1.17% | |
| Fossil Fuels | 2.18% | |
| Gambling | 0.00% | |
| GMOs | 0.03% | |
| Human Rights & Environmental Violations | 1.58% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.00% | |
| Weapons | 0.15% |
This data is compiled by Mindful Money from the fund information and portfolios
that each 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
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 | 0.34% | -0.13% |
| 2021 | 17.46% | 18.87% |
| 2020 | -1.59% | -0.24% |
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 fund has filed with Disclose register to 31st Dec. 2022.
Top 10 Investments
-
ANZ 10 A/C - Current Accounts
New Zealand Cash and Equivalents6.63% -
Proper("Bayfair Shopping Centre - Retail")
New Zealand Unlisted Property1.58% -
Mainfreight Limited
New Zealand Australasian Equities1.58% -
Fisher & Paykel Healthcare Corporation Limited
New Zealand Australasian Equities1.4% -
Infratil Limited
New Zealand Australasian Equities1.38% -
Government Of New Zealand 2.5% 20-Sep-2035
New Zealand NZ Fixed Interest AAA1.09% -
Xero Limited
Australia Australasian Equities1.08% -
Meta Platforms Inc. Class A
United States International Equities1.04% -
Alphabet Inc. Class A
United States International Equities1.03% -
Amazon.Com, Inc.
United States International Equities1.0%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 7.0% | 5.58% |
| New Zealand Fixed Interest | 17.8% | 20.3% |
| International Fixed Interest | 18.3% | 16.85% |
| Australasian Equities | 16.2% | 16.77% |
| International Equities | 31.3% | 31.04% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 4.7% | 4.33% |
| Other | 4.7% | 5.13% |
| 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 fund has filed with Disclose register to 31st Dec. 2022.