Fisher Funds Management Limited
Balanced 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.
1-year return
2.90%
5-year return p.a.
3.58%
Total annual fee
1.04%
Fund size ($m)
2397.2
Members
65,245
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
57.05%
Income assets
42.95%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 13.92% | 18.00% | 13.93% |
| Cash and equivalents | 7.28% | 5.00% | 7.91% |
| International bonds | 15.63% | 19.00% | 19.39% |
| International shares | 39.09% | 38.00% | 35.53% |
| Listed property | 0.94% | 2.00% | 2.24% |
| New Zealand bonds | 20.04% | 16.00% | 18.91% |
| Unlisted property | 3.10% | 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 | 4.22% |
| 2 | Cash at Bank | Cash | Cash and Cash Equivalents | NZ | 2.04% |
| 3 | Fishers Institutional Glb Prvt Eqty USD | Shares | International Equities | US | 1.46% |
| 4 | NZ Government Index Linked Bond 20/09/35 2.50 | Bonds | New Zealand Fixed Interest | NZ | 1.37% |
| 5 | NZ Government Bond 14/04/2033 3.50 | Bonds | New Zealand Fixed Interest | NZ | 1.25% |
| 6 | Microsoft Corporation | Shares | International Equities | US | 1.20% |
| 7 | NZ Government Bond 15/05/2031 1.50 | Bonds | New Zealand Fixed Interest | NZ | 1.18% |
| 8 | Fisher & Paykel Healthcare Corp Ltd | Shares | Australasian Equities | NZ | 1.14% |
| 9 | Infratil Limited | Shares | Australasian Equities | NZ | 1.05% |
| 10 | E-Mini S&P 500 Futures 18/06/2026 | Shares | International Equities | US | 1.04% |
Fees
1.04% 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 | 0.13% | $39 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.04% | $312 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 6.55% | 6.00% |
| 31 March 2018 | 7.47% | 5.23% |
| 31 March 2019 | 4.35% | 5.82% |
| 31 March 2020 | -1.57% | -1.40% |
| 31 March 2021 | 21.58% | 18.18% |
| 31 March 2022 | 2.44% | 0.77% |
| 31 March 2023 | -3.34% | -2.77% |
| 31 March 2024 | 14.03% | 10.89% |
| 31 March 2025 | 2.65% | 4.36% |
| 31 March 2026 | 2.90% | 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 |