Fisher Funds Management Limited
Balanced Strategy
Fisher Funds KiwiSaver SchemeBalanced
What the provider says about this fund
This investment option aims to provide a balance between stability of returns and growing your investment over the long term by investing in a mix of income and growth assets. Automatically rebalanced each year to a target fund mix determined by us. As at the date of this fund update the target fund mix is 33.4% Conservative Fund and 66.6% Growth Fund
1-year return
2.34%
5-year return p.a.
2.89%
Total annual fee
1.00%
Fund size ($m)
1252.5
Members
33,697
Inception date
12 June 2009
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
57.99%
Income assets
42.01%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 17.18% | 19.00% | 13.93% |
| Cash and equivalents | 12.29% | 10.00% | 7.91% |
| International bonds | 12.60% | 16.00% | 19.39% |
| International shares | 36.58% | 37.00% | 35.53% |
| Listed property | 1.01% | 2.00% | 2.24% |
| New Zealand bonds | 17.11% | 14.00% | 18.91% |
| Unlisted property | 3.22% | 2.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | ANZ 10 A/C - Current Accounts | Cash | Cash and Cash Equivalents | NZ | 6.13% |
| 2 | Fisher & Paykel Healthcare Corp Ltd | Shares | Australasian Equities | NZ | 1.38% |
| 3 | NZ Government Index Linked Bond 20/09/35 2.50 | Bonds | New Zealand Fixed Interest | NZ | 1.38% |
| 4 | Infratil Limited | Shares | Australasian Equities | NZ | 1.22% |
| 5 | NZ Government Bond 14/04/2033 3.50 | Bonds | New Zealand Fixed Interest | NZ | 1.22% |
| 6 | Fishers Institutional Glb Prvt Eqty USD | Shares | International Equities | US | 1.21% |
| 7 | NZ Government Bond 15/05/2031 1.50 | Bonds | New Zealand Fixed Interest | NZ | 1.15% |
| 8 | Microsoft Corporation | Shares | International Equities | US | 1.11% |
| 9 | BAYFAIR SHOPPING CENTRE - Retail | Property | Unlisted Property | NZ | 0.99% |
| 10 | E-Mini S&P 500 Futures 18/06/2026 | Shares | International Equities | US | 0.94% |
Fees
1.00% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.91% | $273 | 0.77% |
| Other fees | 0.09% | $27 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.00% | $300 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 6.70% | 6.00% |
| 31 March 2018 | 6.73% | 5.23% |
| 31 March 2019 | 7.32% | 5.82% |
| 31 March 2020 | 0.07% | -1.40% |
| 31 March 2021 | 19.63% | 18.18% |
| 31 March 2022 | 0.10% | 0.77% |
| 31 March 2023 | -3.21% | -2.77% |
| 31 March 2024 | 13.10% | 10.89% |
| 31 March 2025 | 2.83% | 4.36% |
| 31 March 2026 | 2.34% | 6.36% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Other material information
- Other material information
- Other material information
- Other material information
- Other material information
- Product disclosure statement
- Statement of investment policy and objectives
- Statement of investment policy and objectives
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Ashley Gardyne | Chief Investment Officer | 4 years, 9 months |
| Mark Brighouse | Chief Investment Strategist | 8 years, 8 months |
| Quin Casey | Senior Portfolio Manager, Fixed Interest | 1 year, 8 months |
| Robbie Urquhart | Senior Portfolio Manager, Australian Equities | 7 years, 10 months |
| Sam Dickie | Senior Portfolio Manager, International Equities and Property & Infrastructure | 3 years, 6 months |