Fisher Funds Premium Income Fund

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Not Mindful
Type: Defensive fund
Past Returns: 2.25%

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

Annual Fees: 0.97%

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

BP Capital Markets PLC 4.875% Perp 0.72%
New Zealand Refining Co. Ltd. 5.1% 01-Mar-2034 1.38%

Alcohol

Anheuser-Busch Inbev Worldwide, Inc. 5.875% 15-Jun-2035 0.36%

Animal Testing

Sherwin-Williams Company 2.95% 15-Aug-2029 1.030%

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 1.67% 1.82%
2019 2.69% 3.16%
2018 2.37% 1.78%
2017 1.63% 2.8%
2016 2.91% 2.44%

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 Thu Dec. 31st 2020.

Showing the top 10 investments for this fund:

  • ANZ 10 A/C - Current Accounts
    New Zealand Cash and Equivalents
    9.92%
  • Government Of The United States Of America 2.125% 15-May-2025
    United States Int Fixed Interest AAA
    2.69%
  • Jpmorgan EUR Call A/C - Current Accounts 31/12/2020
    Germany Cash and Equivalents
    2.65%
  • ANZ Bank Deposit A/C - Deposit Accounts 22/09/2021
    New Zealand Cash and Equivalents
    2.45%
  • Latitude NZ 2018-1 Cls A 22/11/30 Frn 22/11/2030
    New Zealand NZ Fixed Interest AAA
    2.29%
  • ANZ Bank Deposit A/C - Deposit Accounts 08/04/2021
    New Zealand Cash and Equivalents
    2.21%
  • Insurance Australia Group Limited 5.15% 15-Jun-2043
    New Zealand NZ Fixed Interest BBB
    2.16%
  • Jpmorgan AUD Fishers - Current Accounts 31/12/2020
    Australia Cash and Equivalents
    2.14%
  • ASB Bank Ltd. 5.25% 15-Dec-2026
    New Zealand NZ Fixed Interest BBB+
    1.84%
  • Kiwibank Deposit A/C - Deposit Accounts 16/11/2021
    New Zealand Cash and Equivalents
    1.84%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu Dec. 31st 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.0%
New Zealand Fixed Interest 40.0% 42.45%
International Fixed Interest 60.0% 57.55%
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%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 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:
    0.36%
  • Animal Testing:
    1.03%
  • Fossil Fuels:
    2.10%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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

"The fund aims to provide stable returns over the long term by investing in New Zealand and international fixed interest assets"

Value $290M NZD
Period of data report Thu Dec. 31st 2020
Members 1,200
Fund started Fri Oct. 10th 2014
Total annual fund fees 0.97%
Total performance based fees 0.0%
Manager's basic fee 0.85%
Administration charges 0.12%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Frank Jasper

Currently: Chief Investment Officer (3 years, 5 months)
Previously: Director Fisher Funds Management Limited (12 years, 4 months)

David Mcleish

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

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu Dec. 31st 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.