Funds

Fisher Funds Property & Infrastructure Fund

Total Ethical Concerns: 12.78%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

  • Fossil Fuels 12.78%

    • Cms Energy Corp.
      4.60%
      4.60%
    • Kinder Morgan, Inc.
      3.76%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      3.76%
    • Contact Energy Ltd.
      2.39%
      1.5°C
      This company is on a 1.5°C pathway
      2.39%
    • Enterprise Products Partners Lp
      2.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      2.04%

From the Fund Provider

  • About this fund

    About this Fund

    The fund focuses on growth of your investment over the long term by investing in New Zealand and international property and infrastructure assets

    Value $166M NZD
    Period of data report 31st March 2025
    Fund started 5th Dec. 2008
    Total annual fund fees 1.57%
    Total performance based fees 0.09%
    Manager's basic fee 1.27%
    Other management and administration charges 0.21%
    Total other charges 0.0
    Total other charges currency NZD

    Ashley Gardyne

    Currently: Chief Investment Officer (3 years, 9 months)
    Previously: Senior Portfolio Manager, International Equities, Fisher Funds Management Limited (5 years, 5 months)

    Mark Brighouse

    Currently: Chief Investment Strategist (7 years, 8 months)
    Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

    Sam Dickie

    Currently: Senior Portfolio Manager, International Equities and Property & Infrastructure (2 years, 6 months)
    Previously: Senior Portfolio Manager, NZ Equities and Property & Infrastructure, Fisher Funds Management Limited (5 years, 7 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 4.07% 3.01%
    2024 15.78% 10.4%
    2023 -4.85% -5.89%
    2022 3.53% 9.86%
    2021 35.55% 33.78%
    2020 -7.06% -10.61%
    2019 10.17% 23.49%
    2018 7.53% 7.66%
    2017 9.49% 11.67%
    2016 4.71% 6.37%

    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 March 2025.

  • Investments

    Top 10 Investments

    • American Tower Corporation

      United States International Equities

      9.66%
    • Infratil Limited

      New Zealand Australasian Equities

      6.67%
    • Canadian Pacific Kansas City

      United States International Equities

      5.85%
    • Grupo Aeroportuario De Centro Norte

      United States International Equities

      5.11%
    • Goodman Group

      Australia Australasian Equities

      4.7%
    • Cms Energy Corporation

      United States International Equities

      4.6%
    • Aena Sme S.A.

      Spain International Equities

      4.48%
    • Union Pacific Corporation

      United States International Equities

      3.96%
    • Flughafen Zurich AG

      Switzerland International Equities

      3.94%
    • Kinder Morgan Inc.

      United States International Equities

      3.76%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 3.54%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 25.0% 26.65%
    International Equities 40.0% 42.18%
    Listed Properties 35.0% 27.63%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 12.78% Fossil Fuels
  • 0.0% Weapons
  • 0.0% Environmental Harm

Companies of Concern

  • Fossil Fuels

    • Cms Energy Corp.
      4.60%
      4.60%
    • Kinder Morgan, Inc.
      3.76%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      3.76%
    • Contact Energy Ltd.
      2.39%
      1.5°C
      This company is on a 1.5°C pathway
      2.39%
    • Enterprise Products Partners Lp
      2.04%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      2.04%

About this Fund

The fund focuses on growth of your investment over the long term by investing in New Zealand and international property and infrastructure assets

Value $166M NZD
Period of data report 31st March 2025
Fund started 5th Dec. 2008
Total annual fund fees 1.57%
Total performance based fees 0.09%
Manager's basic fee 1.27%
Other management and administration charges 0.21%
Total other charges 0.0
Total other charges currency NZD

Ashley Gardyne

Currently: Chief Investment Officer (3 years, 9 months)
Previously: Senior Portfolio Manager, International Equities, Fisher Funds Management Limited (5 years, 5 months)

Mark Brighouse

Currently: Chief Investment Strategist (7 years, 8 months)
Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

Sam Dickie

Currently: Senior Portfolio Manager, International Equities and Property & Infrastructure (2 years, 6 months)
Previously: Senior Portfolio Manager, NZ Equities and Property & Infrastructure, Fisher Funds Management Limited (5 years, 7 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 4.07% 3.01%
2024 15.78% 10.4%
2023 -4.85% -5.89%
2022 3.53% 9.86%
2021 35.55% 33.78%
2020 -7.06% -10.61%
2019 10.17% 23.49%
2018 7.53% 7.66%
2017 9.49% 11.67%
2016 4.71% 6.37%

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 March 2025.

Top 10 Investments

  • American Tower Corporation

    United States International Equities

    9.66%
  • Infratil Limited

    New Zealand Australasian Equities

    6.67%
  • Canadian Pacific Kansas City

    United States International Equities

    5.85%
  • Grupo Aeroportuario De Centro Norte

    United States International Equities

    5.11%
  • Goodman Group

    Australia Australasian Equities

    4.7%
  • Cms Energy Corporation

    United States International Equities

    4.6%
  • Aena Sme S.A.

    Spain International Equities

    4.48%
  • Union Pacific Corporation

    United States International Equities

    3.96%
  • Flughafen Zurich AG

    Switzerland International Equities

    3.94%
  • Kinder Morgan Inc.

    United States International Equities

    3.76%
Type Target Actual
Cash and Cash Equivalents 0.0% 3.54%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 25.0% 26.65%
International Equities 40.0% 42.18%
Listed Properties 35.0% 27.63%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.