Fisher Funds KiwiSaver Scheme
Fisher Funds Balanced Strategy

In their own words: "This investment option aims to provide a balance between protecting your investment and growing it over the long term. Invests in a balance of income and growth assets, and automatically rebalanced each year to the target investment mix of 45% Conservative Fund and 55% Growth Fund."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 6.92%

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

Annual Fees: 1.21%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1052
Name Fisher Funds Balanced Strategy
Risk profile Balanced fund
Description This investment option aims to provide a balance between protecting your investment and growing it over the long term. Invests in a balance of income and growth assets, and automatically rebalanced each year to the target investment mix of 45% Conservative Fund and 55% Growth Fund.
Value $700M NZD
Members 39,603
Market index description The market index returns are calculated based on the historic Balanced Strategy allocations to the Growth Fund and Conservative Fund market index returns
Disclosure Statement Period Sun June 30th 2019
Fund started Mon June 1st 2009
Three-year average return 6.92%
Market index past year return 10.05%
Past year return net charges and tax 6.95
Past year return net of charges gross of tax 8.28
Market index return since fund started 9.36%
Return since fund started net 7.22%
Total annual fund fees 1.21
Total performance based fees 0.2
Manager's basic fee 0.91
Administration charges 0.1
Total other charges 36.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2019 5.68% 7.32%
2018 5.63% 6.73%
2017 6.10% 6.7%
2016 4.01% 3.84%
2015 11.09% 8.47%
2014 7.28% 8.95%
2013 10.75% 9.5%
2012 1.75% -1.67%
2011 5.30% 7.08%

The market index is the average NZ KiwiSaver 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 KiwiSaver fund has filed with Disclose register to 30 June 2019.

Showing the top 10 investments for this fund:

  • ANZ 10 A/C - Current Accounts 28/06/2019
    New Zealand Cash and Equivalents NA
    4.12%
  • Bayfair Mall
    New Zealand Unlisted Property NA
    2.45%
  • A2 Milk Company Ltd.
    New Zealand Australasian Equities NA
    1.75%
  • Fisher & Paykel Healthcare Corporation Limited
    New Zealand Australasian Equities NA
    1.32%
  • Government Of New Zealand 2.0% 20-Sep-2025
    New Zealand NZ Fixed Interest AAA
    1.18%
  • Mainfreight Limited
    New Zealand Australasian Equities NA
    1.1%
  • Infratil Limited
    New Zealand Australasian Equities NA
    1.06%
  • Government Of New Zealand 3.5% 14-Apr-2033
    New Zealand NZ Fixed Interest AAA
    1.05%
  • Government Of New Zealand 2.5% 20-Sep-2040
    New Zealand NZ Fixed Interest AA+
    1.02%
  • Merivale Mall
    New Zealand Unlisted Property NA
    0.98%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 11.5% 8.97%
New Zealand Fixed Interest 11.0% 30.96%
International Fixed Interest 21.0% 8.47%
Australasian Equities 18.0% 20.4%
International Equities 28.5% 25.17%
Listed Properties 5.0% 0.78%
Unlisted Properties 5.0% 5.25%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Key Personnel

  • Ashley Gardyne

    Currently: Senior Portfolio Manager, International Equities (3 years, 2 months)
    Previously: Senior Investment Analyst, International Equities, Fisher Funds Management Limited (2 years, 11 months)

  • Brent Buchanan

    Currently: Head of Direct Property (11 years, 1 months)
    Previously: Portfolio Manager, Commercial & Industrial, AMP Capital Management (8 years, 0 months)

  • David Mcleish

    Currently: Senior Portfolio Manager, Fixed Interest (8 years, 3 months)
    Previously: Executive Director, Goldman Sachs International, London (3 years, 0 months)

  • Frank Jasper

    Currently: Chief Investment Officer (1 years, 11 months)
    Previously: Director, Fisher Funds Management Limited (12 years, 4 months)

  • Mark Brighouse

    Currently: Chief Investment Strategist (1 years, 11 months)
    Previously: Chief Investment Officer, Fisher Funds Management Limited (5 years, 9 months)

  • Sam Dickie

    Currently: Senior Portfolio Manager, NZ Equities (2 years, 4 months)
    Previously: Portfolio Manager, Moore Capital Asia Limited (5 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.54%
  • Animal Testing:
    1.34%
  • Fossil Fuels:
    1.03%
  • Gambling:
    0.19%
  • GMOs:
    0.09%
  • Human Rights & Environmental Violations:
    0.33%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. 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.

Many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

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 investment. Past returns are not a guide to future returns. 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.