Fisher Funds Management Limited
Default Fund
Fisher Funds KiwiSaver PlanBalanced
What the provider says about this fund
The fund 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. An enhanced passive investment style may be used at times.
1-year return
8.74%
5-year return p.a.
3.77%
Total annual fee
0.37%
Fund size ($m)
1005.5
Members
72,546
Inception date
1 December 2021
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Investment mix
Growth assets
49.55%
Income assets
50.45%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 15.55% | 16.00% | 13.93% |
| Cash and equivalents | 13.37% | 7.00% | 7.91% |
| International bonds | 17.75% | 21.00% | 19.39% |
| International shares | 33.59% | 37.00% | 35.53% |
| Listed property | 0.41% | 2.00% | 2.24% |
| New Zealand bonds | 19.33% | 17.00% | 18.91% |
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 | 5.60% |
| 2 | Fisher & Paykel Healthcare Corp Ltd | Shares | Australasian Equities | NZ | 2.51% |
| 3 | E-Mini S&P 500 Futures 18/06/2026 | Shares | International Equities | US | 1.75% |
| 4 | NZ Government Bond 14/04/2033 3.50 | Bonds | New Zealand Fixed Interest | NZ | 1.74% |
| 5 | NZ Government Bond 15/05/2031 1.50 | Bonds | New Zealand Fixed Interest | NZ | 1.62% |
| 6 | Auckland International Airport Limited | Shares | Australasian Equities | NZ | 1.57% |
| 7 | Infratil Limited | Shares | Australasian Equities | NZ | 1.43% |
| 8 | Cash at Bank | Cash | Cash and Cash Equivalents | NZ | 1.22% |
| 9 | Contact Energy Limited | Shares | Australasian Equities | NZ | 1.03% |
| 10 | The A2 Milk Company Limited | Shares | Australasian Equities | NZ | 0.96% |
Fees
0.37% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.37% | $111 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.37% | $111 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2023 | -3.70% | -2.77% |
| 31 March 2024 | 11.29% | 10.89% |
| 31 March 2025 | 5.99% | 4.36% |
| 31 March 2026 | 8.74% | 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
- Other material information
- Other material information
- Product disclosure statement
- 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 |