Fisher Funds Management Limited
Conservative Fund
Fisher Funds KiwiSaver PlanConservative
What the provider says about this fund
The fund aims to provide stable returns over the long term by investing mainly in income assets with a small allocation to growth assets.
1-year return
3.38%
5-year return p.a.
2.44%
Total annual fee
0.87%
Fund size ($m)
1080.4
Members
41,158
Inception date
1 October 2007
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
19.72%
Income assets
80.28%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 3.91% | 5.00% | 5.79% |
| Cash and equivalents | 19.91% | 20.00% | 20.22% |
| International bonds | 26.45% | 32.00% | 27.47% |
| International shares | 11.99% | 11.00% | 14.45% |
| Listed property | 0.95% | 2.00% | 1.47% |
| New Zealand bonds | 33.92% | 28.00% | 29.28% |
| Unlisted property | 2.87% | 2.00% | 0.49% |
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 | 3.48% |
| 2 | NZ Government Bond 14/04/2033 3.50 | Bonds | New Zealand Fixed Interest | NZ | 2.36% |
| 3 | NZ Government Bond 15/05/2031 1.50 | Bonds | New Zealand Fixed Interest | NZ | 2.21% |
| 4 | NZ Government Index Linked Bond 20/09/35 2.50 | Bonds | New Zealand Fixed Interest | NZ | 1.36% |
| 5 | NZ Government Bond 15/04/2037 2.75 | Bonds | New Zealand Fixed Interest | NZ | 1.34% |
| 6 | NZ Local Government Funding Agency 15/05/28 2.25 | Bonds | New Zealand Fixed Interest | NZ | 1.13% |
| 7 | Cash at Bank | Cash | Cash and Cash Equivalents | NZ | 0.99% |
| 8 | NZ Government Bond 20/04/2029 3.00 | Bonds | New Zealand Fixed Interest | NZ | 0.92% |
| 9 | BAYFAIR SHOPPING CENTRE - Retail | Property | Unlisted Property | NZ | 0.89% |
| 10 | Bank of New Zealand 23/11/2026 FRN | Bonds | New Zealand Fixed Interest | NZ | 0.89% |
Fees
0.87% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.76% | $228 | 0.70% |
| Other fees | 0.11% | $33 | 0.11% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.87% | $261 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2017 | 2.94% | 3.59% |
| 31 March 2018 | 3.92% | 3.30% |
| 31 March 2019 | 3.92% | 4.43% |
| 31 March 2020 | -0.02% | 1.24% |
| 31 March 2021 | 11.73% | 8.66% |
| 31 March 2022 | -0.79% | -0.64% |
| 31 March 2023 | -1.89% | -1.65% |
| 31 March 2024 | 8.32% | 6.61% |
| 31 March 2025 | 3.56% | 3.59% |
| 31 March 2026 | 3.38% | 3.96% |
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 |
| Brent Buchanan | Head of Direct Property | 17 years, 10 months |
| Mark Brighouse | Chief Investment Strategist | 8 years, 8 months |
| Quin Casey | Senior Portfolio Manager, Fixed Interest | 1 year, 8 months |
| Sam Dickie | Senior Portfolio Manager, International Equities and Property & Infrastructure | 3 years, 6 months |