Fisher Funds Management Limited
Glidepath Age 65
Fisher Funds KiwiSaver PlanConservative
What the provider says about this fund
GlidePath age 65 is a representation of the GlidePath life cycle. This investment option invests 17% in the Balanced Fund and 83% in the Conservative Fund.
1-year return
3.30%
5-year return p.a.
2.32%
Total annual fee
0.91%
Fund size ($m)
0.5
Members
7
Inception date
26 March 2025
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
25.65%
Income assets
74.35%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 5.61% | 7.00% | 5.79% |
| Cash and equivalents | 17.76% | 17.00% | 20.22% |
| International bonds | 24.61% | 30.00% | 27.47% |
| International shares | 16.18% | 16.00% | 14.45% |
| Listed property | 0.95% | 2.00% | 1.47% |
| New Zealand bonds | 31.98% | 26.00% | 29.28% |
| Unlisted property | 2.91% | 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 | 3.61% |
| 2 | NZ Government Bond 14/04/2033 3.50 | Bonds | New Zealand Fixed Interest | NZ | 2.17% |
| 3 | NZ Government Bond 15/05/2031 1.50 | Bonds | New Zealand Fixed Interest | NZ | 2.03% |
| 4 | NZ Government Index Linked Bond 20/09/35 2.50 | Bonds | New Zealand Fixed Interest | NZ | 1.36% |
| 5 | Cash at Bank | Cash | Cash and Cash Equivalents | NZ | 1.17% |
| 6 | NZ Government Bond 15/04/2037 2.75 | Bonds | New Zealand Fixed Interest | NZ | 1.11% |
| 7 | NZ Local Government Funding Agency 15/05/28 2.25 | Bonds | New Zealand Fixed Interest | NZ | 0.94% |
| 8 | NZ Government Bond 20/04/2029 3.00 | Bonds | New Zealand Fixed Interest | NZ | 0.76% |
| 9 | Bank of New Zealand 23/11/2026 FRN | Bonds | New Zealand Fixed Interest | NZ | 0.74% |
| 10 | BAYFAIR SHOPPING CENTRE - Retail | Property | Unlisted Property | NZ | 0.74% |
Fees
0.91% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.79% | $237 | 0.70% |
| Other fees | 0.12% | $36 | 0.11% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.91% | $273 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2026 | 3.30% | 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 |