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"

Not Mindful
Type: Defensive fund
Past Returns: 1.66%

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

Annual Fees: 0.63%

Annual fees, including membership and % management fee.

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 $26M NZD
Members 1,492
Market index description S&P/NZX 90 Day Bank Bill Index
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Mon Oct. 1st 2007
Three-year average return 1.66%
Market index past year return 1.68%
Past year return net charges and tax 1.47%
Past year return net of charges gross of tax 2.05%
Market index return since fund started 2.62%
Return since fund started net 2.04%
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:

  • Westpac New Zealand Ltd. Frn 14-Feb-2022
    New Zealand NZ Fixed Interest AA-
    3.49%
  • Kfw Bankengruppe 3.75% 29-May-2020
    New Zealand NZ Fixed Interest AAA
    3.35%
  • Kiwibank Limited 14/11/2022 Frn
    New Zealand NZ Fixed Interest AA
    3.27%
  • Rabobank Nederland Frn 22-Mar-2021
    New Zealand NZ Fixed Interest AA3
    3.26%
  • ASB Bank Ltd. Frn 22-Feb-2022
    New Zealand NZ Fixed Interest AA-
    3.24%
  • International Bank For Reconstruction & Development 3.375% 25-Jan-2022
    New Zealand NZ Fixed Interest AAA
    3.1%
  • Bank Of New Zealand Limited Frn 15-May-2020
    New Zealand NZ Fixed Interest AA-
    3.02%
  • ASB Bank Ltd. Frn 19-Jan-2021
    New Zealand NZ Fixed Interest AA-
    2.96%
  • International Finance Corporation 3.625% 20-May-2020
    New Zealand NZ Fixed Interest AAA
    2.96%
  • Bank Of New Zealand Limited Frn 14-Sep-2020
    New Zealand NZ Fixed Interest AA-
    2.54%

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% 30.21%
New Zealand Fixed Interest 50.0% 69.79%
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, 7 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.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • 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 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.

Latest news

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 invested. 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.