Fisher Funds Two KiwiSaver Scheme
Fisher Funds Two Preservation Fund
In their own words: "The fund aims to protect your savings and provide a return that is better than 90-day bank bills. Invested in New Zealand cash and New Zealand short term fixed interest assets"
At a glance:
Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee.
More information:
A summary of this fund and it's details.
| Number | FND1080 |
| Name | Fisher Funds Two Preservation Fund |
| Risk profile | Defensive fund |
| Description | The fund aims to protect your savings and provide a return that is better than 90-day bank bills. Invested in New Zealand cash and New Zealand short term fixed interest assets |
| Value | $28M NZD |
| Members | 1,529 |
| Market index description | S&P/NZX 90 Day Bank Bill Index |
| Disclosure Statement Period | Mon Sept. 30th 2019 |
| Fund started | Mon Oct. 1st 2007 |
| Three-year average return | *1.67% |
| Market index past year return | 1.88% |
| Past year return net charges and tax | 1.62% |
| Past year return net of charges gross of tax | 2.27% |
| Market index return since fund started | 2.66% |
| Return since fund started net | 2.07% |
| Total annual fund fees | 0.63% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.48% |
| Administration charges | 0.15% |
| Total other charges | 28.44 |
| 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 September 2019.
The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.
| Year | Market Average | Fund Annual Return |
|---|---|---|
| 2019 | 2.26% | 1.69% |
| 2018 | 2.15% | 1.66% |
| 2017 | 1.38% | 1.63% |
| 2016 | 2.64% | 2.27% |
| 2015 | 4.66% | 2.59% |
| 2014 | 2.00% | 2.22% |
| 2013 | 3.15% | 2.52% |
| 2012 | 3.62% | 1.99% |
| 2011 | 3.17% | 2.26% |
| 2010 | 3.39% | 2.23% |
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 September 2019.
Showing the top 10 investments for this fund:
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Westpac New Zealand Ltd. Frn 14-Feb-2022
New Zealand NZ Fixed Interest AA-3.56% -
International Finance Corporation 3.625% 20-May-2020
New Zealand NZ Fixed Interest AAA3.49% -
Kfw Bankengruppe 3.75% 29-May-2020
New Zealand NZ Fixed Interest AAA3.48% -
Bank Of New Zealand Limited Frn 15-May-2020
New Zealand NZ Fixed Interest AA-3.38% -
Rabobank Nederland Frn 22-Mar-2021
New Zealand NZ Fixed Interest AA33.33% -
ASB Bank Ltd. Frn 22-Feb-2022
New Zealand NZ Fixed Interest AA-3.31% -
Auckland International Airport Limited Frn 11-Apr-2020
New Zealand NZ Fixed Interest A-3.25% -
ASB Bank Ltd. Frn 19-Jan-2021
New Zealand NZ Fixed Interest AA-3.03% -
Bank Of New Zealand Limited Frn 14-Sep-2020
New Zealand NZ Fixed Interest AA-2.6% -
Fonterra Co-Operative Group Limited Frn 09-Nov-2020
New Zealand NZ Fixed Interest A2.37%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 50.0% | 19.77% |
| New Zealand Fixed Interest | 50.0% | 80.23% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| 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 September 2019.
Key Personnel
-
Robbie Urquhart
Currently: Senior Portfolio Manager, Australian Equities (1 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 KiwiSaver fund has filed with Disclose register to 30 September 2019.
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.
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Issue of concernIs it excluded?Portfolio analysis
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Adult Entertainment/Pornography:0.00%
-
Alcohol:0.00%
-
Animal Testing:0.00%
-
Fossil Fuels:0.00%
-
Gambling:0.00%
-
GMOs:0.00%
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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 KiwiSaver fund has filed with the Disclose register to 30 September 2019 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 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 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
Specific companies invested in:
Download the fund's disclosure statement and portfolio holdings.
