Fisher Funds Balanced Strategy

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Not Mindful
Type: Balanced fund
Past Returns: *-0.24%

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

Annual Fees: 1.48%

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

American Electric Power Company, Inc. 0.05%
Basf Se 0.05%
BP Capital Markets PLC 4.875% Perp 0.07%
BP P.L.C. 0.04%
Chevron Corporation 0.07%
Cms Energy Corporation 0.16%
Coca-Cola Company 0.06%
Conocophillips 0.02%
Enel Spa 0.09%
Enterprise Products Partners L.P. 0.14%
Equinor Asa 0.02%
Exxon Mobil Corporation 0.04%
Fortum Oyj 0.01%
Hess Corporation 0.01%
Iberdrola SA 0.04%
Inpex Corporation 0.01%
Kinder Morgan Inc Class P 0.20%
Lyondellbasell Industries Nv 0.03%
Naturgy Energy Group, S.A. 0.03%
New Zealand Refining Co. Ltd. 5.1% 01-Mar-2034 0.13%
Norfolk Southern Corporation 0.25%
OMV AG 0.01%
Osaka Gas Co., Ltd. 0.03%
Ppl Corporation 0.03%
Repsol SA 0.01%
Rio Tinto Limited 0.17%
Rio Tinto PLC 0.08%
Royal Dutch Shell PLC Class B 0.05%
Sumitomo Chemical Co., Ltd. 0.01%
Total Se 0.06%
Ube Industries, Ltd. 0.02%
Upm-Kymmene Oyj 0.02%
Valero Energy Corporation 0.01%
Weyerhaeuser Company 0.03%
Xcel Energy Inc. 0.04%

Weapons

Heico Corporation 0.28%
Hexcel Corporation 0.25%

Tobacco

Seven & I Holdings Co., Ltd. 0.02%

Alcohol

Anheuser-Busch Inbev SA/Nv 0.02%
Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.10%
Asahi Group Holdings,Ltd. 0.02%
Constellation Brands, Inc. Class A 0.02%
Delegat Group Limited 0.39%
Diageo PLC 0.04%

Human Rights & Environmental Violations

Chevron Corporation 0.07%
Johnson & Johnson 0.17%
Nestle S.A. 0.10%
Rio Tinto Limited 0.17%
Rio Tinto PLC 0.08%
Royal Dutch Shell PLC Class B 0.05%
Sempra Energy 0.02%

Animal Testing

Asahi Group Holdings,Ltd. 0.020%
Basf Se 0.050%
Chevron Corporation 0.070%
Coca-Cola Company 0.060%
Colgate-Palmolive Company 0.020%
Danone SA 0.030%
Dupont De Nemours, Inc. 0.030%
Eastman Chemical Company 0.030%
Fujifilm Holdings Corp 0.030%
General Mills, Inc. 0.040%
Glaxosmithkline PLC 0.060%
Hp Inc. 0.020%
Johnson & Johnson 0.170%
Kao Corp. 0.020%
Kellogg Company 0.030%
Kimberly-Clark Corporation 0.050%
Lyondellbasell Industries Nv 0.030%
Mondelez International, Inc. Class A 0.040%
Mosaic Company 0.010%
Nestle S.A. 0.100%
PPG Industries, Inc. 0.030%
Procter & Gamble Company 0.140%
Reckitt Benckiser Group PLC 0.060%
Royal Dutch Shell PLC Class B 0.050%
Seven & I Holdings Co., Ltd. 0.020%
Sherwin-Williams Company 0.050%
Sherwin-Williams Company 2.95% 15-Aug-2029 0.150%
Shin-Etsu Chemical Co Ltd 0.040%
Solvay SA 0.020%
Sumitomo Chemical Co., Ltd. 0.010%
Tokai Carbon Co., Ltd. 0.010%
Unilever Nv 0.080%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics and research organisations.

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.

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 -2.86% -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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents
    7.21%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.95%
  • Bayfair Shopping Centre - Retail
    New Zealand Unlisted Property
    1.89%
  • A2 Milk Company Ltd.
    New Zealand Australasian Equities
    1.49%
  • Emini S&P 500 (Cme) Dec 20 18/12/2020
    United States International Equities
    1.37%
  • Government Of New Zealand 2.0% 20-Sep-2025
    New Zealand NZ Fixed Interest AAA
    1.36%
  • Mainfreight Limited
    New Zealand Australasian Equities
    1.31%
  • Government Of New Zealand 2.5% 20-Sep-2040
    New Zealand NZ Fixed Interest AAA
    1.15%
  • Infratil Limited
    New Zealand Australasian Equities
    1.08%
  • Government Of New Zealand 3.5% 14-Apr-2033
    New Zealand NZ Fixed Interest AAA
    1.02%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 11.5% 10.42%
New Zealand Fixed Interest 11.0% 21.37%
International Fixed Interest 21.0% 14.19%
Australasian Equities 18.0% 19.27%
International Equities 28.5% 29.34%
Listed Properties 5.0% 0.83%
Unlisted Properties 5.0% 4.58%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 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:
    0.59%
  • Animal Testing:
    1.57%
  • Fossil Fuels:
    2.09%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.66%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.02%
  • Weapons:
    0.53%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 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, Sustainalytics 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 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

"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 $43M NZD
Period of data report Wed Sept. 30th 2020
Members 745
Fund started Tue July 31st 2018
Total annual fund fees 1.48%
Total performance based fees 0.03%
Manager's basic fee 1.2%
Administration charges 0.25%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Frank Jasper

Currently: Chief Investment Officer (3 years, 2 months)
Previously: Director Fisher Funds Management Limited (12 years, 4 months)

David Mcleish

Currently: Senior Portfolio Manager Fixed Interest (9 years, 6 months)
Previously: Executive Director Goldman Sachs International London (3 years, 0 months)

Mark Brighouse

Currently: Chief Investment Strategist (3 years, 2 months)
Previously: Chief Investment Officer Fisher Funds Management Limited (5 years, 9 months)

Sam Dickie

Currently: Senior Portfolio Manager NZ Equities (3 years, 7 months)
Previously: Portfolio Manager Moore Capital Asia Limited (5 years, 10 months)

Ashley Gardyne

Currently: Senior Portfolio Manager International Equities (4 years, 5 months)
Previously: Senior Investment Analyst International Equities Fisher Funds Management Limited (2 years, 11 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.