Funds
Fisher Funds Income Fund
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:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Human Rights Violations
-
Ubs 2.04%
Business Ethics
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
UBS Business Ethics
Acquired Credit Suisse in 2023, a bank with very poor governance which aided clients with tax evasion and money laundering. As a result, UBS has inherited ongoing regulatory fines and lawsuits relating to these failures. UBS has also been subject to lawsuits relating to its own manipulation of foreign exchange and interbank rates. It holds a provision of USD $4bn for claims (which may not be sufficient).
-
Ubs 2.04%
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. 2024 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
The fund aims to provide stable returns over the long term by investing in New Zealand and international fixed interest assets
| Value | $45.2M NZD |
| Period of data report | 30th Sept. 2024 |
| Fund started | 18th April 2011 |
| Total annual fund fees | 1.01% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.76% |
| Other management and administration charges | 0.25% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Ashley Gardyne |
Currently: Chief Investment Officer (3 years, 3 months) |
|
Quin Casey |
Currently: Senior Portfolio Manager, Fixed Interest (0 years, 2 months) |
|
Matt Logan |
Currently: Portfolio Manager - Credit (0 years, 1 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.
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 |
|---|---|---|
| 2024 | 3.59% | 5.55% |
| 2023 | -0.79% | -0.03% |
| 2022 | -2.46% | -2.41% |
| 2021 | 2.15% | 2.76% |
| 2020 | 1.75% | 1.91% |
| 2019 | 2.76% | 3.31% |
| 2018 | 1.94% | 1.84% |
| 2017 | 1.52% | 2.69% |
| 2016 | 2.91% | 2.52% |
| 2015 | 5.21% | 5.53% |
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 30th Sept. 2024.
Top 10 Investments
-
ANZ 10 A/C - Current Accounts
New Zealand Cash and Equivalents AA-7.5% -
Te Tumu Whakatupu Ltd 29/04/32 11.00%
New Zealand NZ Fixed Interest4.62% -
Macquarie Group Ltd 09/08/26 5.108%
United States Int Fixed Interest A+3.86% -
Whitbread PLC 16/10/2025 3.375%
United Kingdom Int Fixed Interest BBB2.34% -
Chorus Limited 12/28 6.38%
New Zealand NZ Fixed Interest BBB2.14% -
Ubs Group AG 29/07/2026 5.125%
United States Int Fixed Interest BBB-2.04% -
Metlifecare Limited 30/09/2026 3.00%
New Zealand NZ Fixed Interest BBB2.04% -
Natwest Grp PLC 11/31 2.105% Call 08/26
United Kingdom Int Fixed Interest BBB+1.94% -
Tr Group Limited 05/10/2026 3.532%
New Zealand NZ Fixed Interest BBB-1.85% -
Nationwide Building Society 10/26 1.50%
United States Int Fixed Interest A+1.83%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.0% |
| New Zealand Fixed Interest | 40.0% | 57.29% |
| International Fixed Interest | 60.0% | 42.71% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| 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 30th Sept. 2024.