Fisher Funds Management Limited
Glidepath Age 40
Fisher Funds KiwiSaver PlanGrowth
What the provider says about this fund
GlidePath age 40 is a representation of the GlidePath life cycle. This investment options invests 32% in the Aggressive Fund and 68% in the Growth Fund.
1-year return
2.45%
5-year return p.a.
4.78%
Total annual fee
1.21%
Fund size ($m)
0.5
Members
22
Inception date
26 March 2025
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Investment mix
Growth assets
80.13%
Income assets
19.87%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 22.77% | 27.00% | 20.20% |
| Cash and equivalents | 9.50% | 5.00% | 6.14% |
| International bonds | 3.67% | 5.00% | 8.75% |
| International shares | 53.59% | 54.00% | 51.02% |
| Listed property | 0.81% | 2.00% | 3.65% |
| New Zealand bonds | 6.71% | 5.00% | 7.35% |
| Unlisted property | 2.96% | 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 | 5.06% |
| 2 | Cash at Bank | Cash | Cash and Cash Equivalents | NZ | 2.85% |
| 3 | Fishers Institutional Glb Prvt Eqty USD | Shares | International Equities | US | 1.99% |
| 4 | Fisher & Paykel Healthcare Corp Ltd | Shares | Australasian Equities | NZ | 1.91% |
| 5 | Microsoft Corporation | Shares | International Equities | US | 1.66% |
| 6 | Infratil Limited | Shares | Australasian Equities | NZ | 1.55% |
| 7 | E-Mini S&P 500 Futures 18/06/2026 | Shares | International Equities | US | 1.39% |
| 8 | Amazon.Com Inc | Shares | International Equities | US | 1.16% |
| 9 | NZ Government Index Linked Bond 20/09/35 2.50 | Bonds | New Zealand Fixed Interest | NZ | 0.87% |
| 10 | BAYFAIR SHOPPING CENTRE - Retail | Property | Unlisted Property | NZ | 0.67% |
Fees
1.21% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.01% | $303 | 0.92% |
| Other fees | 0.20% | $60 | 0.10% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.21% | $363 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2026 | 2.45% | 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 |
| Matt Peek | Portfolio Manager, NZ Equities | 3 years, 6 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 |