Fisher Funds Management Limited
Glidepath Age 55
Fisher Funds KiwiSaver PlanBalanced
What the provider says about this fund
GlidePath age 55 is a representation of the GlidePath life cycle. This investment option invests 11% in the Growth Fund and 89% in the Balanced Fund.
1-year return
2.89%
5-year return p.a.
3.66%
Total annual fee
1.11%
Fund size ($m)
1.2
Members
9
Inception date
26 March 2025
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
59.21%
Income assets
40.79%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 14.69% | 19.00% | 13.93% |
| Cash and equivalents | 7.37% | 5.00% | 7.91% |
| International bonds | 14.50% | 18.00% | 19.39% |
| International shares | 40.44% | 39.00% | 35.53% |
| Listed property | 0.94% | 2.00% | 2.24% |
| New Zealand bonds | 18.92% | 15.00% | 18.91% |
| Unlisted property | 3.14% | 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 | 4.31% |
| 2 | NZ Government Bond 14/04/2033 3.50 | Bonds | New Zealand Fixed Interest | NZ | 2.16% |
| 3 | Cash at Bank | Cash | Cash and Cash Equivalents | NZ | 2.02% |
| 4 | Fishers Institutional Glb Prvt Eqty USD | Shares | International Equities | US | 1.52% |
| 5 | NZ Government Index Linked Bond 20/09/35 2.50 | Bonds | New Zealand Fixed Interest | NZ | 1.37% |
| 6 | Microsoft Corporation | Shares | International Equities | US | 1.24% |
| 7 | Fisher & Paykel Healthcare Corp Ltd | Shares | Australasian Equities | NZ | 1.21% |
| 8 | Infratil Limited | Shares | Australasian Equities | NZ | 1.10% |
| 9 | E-Mini S&P 500 Futures 18/06/2026 | Shares | International Equities | US | 1.08% |
| 10 | Amazon.Com Inc | Shares | International Equities | US | 0.12% |
Fees
1.11% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.92% | $276 | 0.77% |
| Other fees | 0.19% | $57 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.11% | $333 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2026 | 2.89% | 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 |