Fisher Funds Management Limited
Growth Fund
Fisher Funds KiwiSaver PlanGrowth
What the provider says about this fund
Aims to grow your investment over the long term by investing mainly in growth assets.
1-year return
2.82%
5-year return p.a.
4.27%
Total annual fee
1.13%
Fund size ($m)
2796.1
Members
68,430
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
76.65%
Income assets
23.35%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 20.97% | 26.00% | 20.20% |
| Cash and equivalents | 8.11% | 5.00% | 6.14% |
| International bonds | 5.39% | 8.00% | 8.75% |
| International shares | 51.29% | 50.00% | 51.02% |
| Listed property | 0.96% | 2.00% | 3.65% |
| New Zealand bonds | 9.84% | 7.00% | 7.35% |
| Unlisted property | 3.43% | 2.00% | 0.70% |
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 | 5.02% |
| 2 | Fishers Institutional Glb Prvt Eqty USD | Shares | International Equities | US | 2.01% |
| 3 | Cash at Bank | Cash | Cash and Cash Equivalents | NZ | 1.88% |
| 4 | Fisher & Paykel Healthcare Corp Ltd | Shares | Australasian Equities | NZ | 1.80% |
| 5 | Microsoft Corporation | Shares | International Equities | US | 1.60% |
| 6 | Infratil Limited | Shares | Australasian Equities | NZ | 1.52% |
| 7 | NZ Government Index Linked Bond 20/09/35 2.50 | Bonds | New Zealand Fixed Interest | NZ | 1.38% |
| 8 | E-Mini S&P 500 Futures 18/06/2026 | Shares | International Equities | US | 1.36% |
| 9 | Amazon.Com Inc | Shares | International Equities | US | 1.12% |
| 10 | BAYFAIR SHOPPING CENTRE - Retail | Property | Unlisted Property | NZ | 1.07% |
Fees
1.13% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 0.98% | $294 | 0.92% |
| Other fees | 0.15% | $45 | 0.10% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.13% | $339 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 9.94% | 8.61% |
| 31 March 2018 | 10.79% | 7.38% |
| 31 March 2019 | 4.71% | 7.03% |
| 31 March 2020 | -3.47% | -3.37% |
| 31 March 2021 | 30.99% | 28.64% |
| 31 March 2022 | 5.33% | 2.17% |
| 31 March 2023 | -4.81% | -3.69% |
| 31 March 2024 | 17.61% | 14.25% |
| 31 March 2025 | 1.68% | 3.98% |
| 31 March 2026 | 2.82% | 7.60% |
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 |