Fisher Funds Growth Fund

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Fund type: Growth fund

Past Returns: 9.12%

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

Annual Fees: 1.74%

Annual fees, including management and administration fees, but not membership 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

Kinder Morgan Inc Class P 0.42%
Cms Energy Corporation 0.40%
Contact Energy Limited 0.18%
Enterprise Products Partners L.P. 0.13%
Vistra Corp. 0.13%
Williams Companies, Inc. 0.12%
Channel Infrastructure NZ Ltd. 5.1% 01-Mar-2034 0.11%
Nrg Energy, Inc. 0.11%
Enbridge Inc. 0.09%
Lyondellbasell Industries Nv 0.09%
Ppl Corporation 0.08%
Atmos Energy Corporation 0.07%
Nisource Inc 0.07%
Tc Energy Corporation 0.07%
Constellation Energy Corporation 0.06%
Sempra Energy 0.06%
Naturgy Energy Group, S.A. 0.05%
Contact Energy Limited Rcd 07/11/2022 08/11/2022 0.04%
Contact Energy Limited Rcd 19/10/2022 20/10/2022 0.04%
Enagas SA 0.04%
National Grid PLC 0.04%
Parkland Corporation 0.04%
Snam S.P.A. 0.04%

Weapons

Hexcel Corporation 0.18%
Booz Allen Hamilton Holding Corporation Class A 0.05%

Alcohol

Delegat Group Limited 0.33%
Diageo PLC 0.09%
Constellation Brands, Inc. Class A 0.07%
Heineken Holding N.V. 0.07%
Molson Coors Beverage Company Class B 0.05%
Carlsberg As Class B 0.03%
Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.02%

GMOs

Corteva Inc 0.05%

Human Rights & Environmental Violations

Meta Platforms Inc. Class A 1.71%
Johnson & Johnson 0.35%
Rio Tinto PLC 0.19%
Fmc Corporation 0.06%
Corteva Inc 0.05%
Caterpillar Inc. 0.03%

Animal Testing

Procter & Gamble Company 0.26%
Mondelez International, Inc. Class A 0.14%
Lyondellbasell Industries Nv 0.09%
Constellation Brands, Inc. Class A 0.07%
Dow, Inc. 0.07%
Koninklijke Ahold Delhaize N.V. 0.07%
Fmc Corporation 0.06%
Yara International Asa 0.06%
3M Company 0.05%
Corteva Inc 0.05%
Keurig Dr Pepper Inc. 0.05%
Molson Coors Beverage Company Class B 0.05%
Tyson Foods, Inc. Class A 0.05%
Unilever PLC 0.05%
Danone SA 0.04%
Dcc PLC 0.04%
Dupont De Nemours, Inc. 0.04%
Essity Ab Class B 0.04%
LVMH Moet Hennessy Louis Vuitton Se 0.04%
Associated British Foods PLC 0.03%
Eastman Chemical Company 0.03%
Henkel AG & Co. Kgaa 0.03%
Henkel AG & Co. Kgaa Pref 0.03%
Kao Corp. 0.03%
Kimberly-Clark Corporation 0.03%
L'Oreal S.A. 0.03%
Moncler Spa 0.03%
Otsuka Holdings Co., Ltd. 0.03%
Sherwin-Williams Company 2.95% 15-Aug-2029 0.03%
Celanese Corporation 0.02%
Kering SA 0.02%
Mowi Asa 0.02%

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

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 1.53% 0.53%
2021 32.66% 28.24%
2020 -4.45% -1.4%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents
    4.06%
  • Mainfreight Limited
    New Zealand Australasian Equities
    2.26%
  • Infratil Limited
    New Zealand Australasian Equities
    1.99%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities
    1.96%
  • Amazon.Com, Inc.
    United States International Equities
    1.74%
  • Meta Platforms Inc. Class A
    United States International Equities
    1.71%
  • Xero Limited
    Australia Australasian Equities
    1.7%
  • Alphabet Inc. Class A
    United States International Equities
    1.68%
  • Proper("Bayfair Shopping Centre - Retail")
    New Zealand Unlisted Property
    1.54%
  • Paypal Holdings, Inc.
    United States International Equities
    1.5%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 1.0% 4.8%
New Zealand Fixed Interest 11.0% 10.86%
International Fixed Interest 7.0% 4.31%
Australasian Equities 25.0% 25.29%
International Equities 47.0% 45.93%
Listed Properties 0.0% 0.0%
Unlisted Properties 4.5% 3.9%
Other 4.5% 4.91%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

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:
    0.66%
  • Animal Testing:
    1.68%
  • Fossil Fuels:
    2.48%
  • Gambling:
    0.00%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    2.39%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.23%

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

In their own words

"The fund aims to grow your investment over the long term by investing in mainly growth assets"

Value $230M NZD
Period of data report Fri Sept. 30th 2022
Fund started Tue July 31st 2018
Total annual fund fees 1.74%
Total performance based fees 0.29%
Manager's basic fee 1.27%
Other management and administration charges 0.18%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Ashley Gardyne

Currently: Chief Investment Officer and Senior Portfolio Manager, International Equities (1 years, 3 months)
Previously: Senior Portfolio Manager, International Equities, Fisher Funds Management Limited (5 years, 5 months)

David Mcleish

Currently: Senior Portfolio Manager, Fixed Interest (11 years, 6 months)
Previously: Executive Director, Goldman Sachs International, London (3 years, 0 months)

Mark Brighouse

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

Sam Dickie

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

Robbie Urquhart

Currently: Senior Portfolio Manager, Australian Equities (4 years, 4 months)
Previously: Portfolio Manager / Principal, Trafalgar Copley Limited (11 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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 Markets Conduct Act 2013 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.