Fisher Funds Management Limited
Glidepath Age 50
Fisher Funds KiwiSaver SchemeGrowth
What the provider says about this fund
GlidePath age 50 is a representation of the GlidePath life cycle. This investment option invests 86% in the Growth Fund and 14% in the Conservative Fund.
1-year return
2.09%
5-year return p.a.
3.30%
Total annual fee
1.03%
Fund size ($m)
6.9
Members
163
Inception date
31 October 2017
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
68.73%
Income assets
31.27%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 20.71% | 23.00% | 20.20% |
| Cash and equivalents | 9.94% | 7.00% | 6.14% |
| International bonds | 8.41% | 11.00% | 8.75% |
| International shares | 43.71% | 45.00% | 51.02% |
| Listed property | 1.01% | 2.00% | 3.65% |
| New Zealand bonds | 12.92% | 10.00% | 7.35% |
| Unlisted property | 3.30% | 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 | 6.65% |
| 2 | Fisher & Paykel Healthcare Corp Ltd | Shares | Australasian Equities | NZ | 1.82% |
| 3 | Fishers Institutional Glb Prvt Eqty USD | Shares | International Equities | US | 1.73% |
| 4 | Infratil Limited | Shares | Australasian Equities | NZ | 1.55% |
| 5 | Microsoft Corporation | Shares | International Equities | US | 1.44% |
| 6 | NZ Government Index Linked Bond 20/09/35 2.50 | Bonds | New Zealand Fixed Interest | NZ | 1.37% |
| 7 | E-Mini S&P 500 Futures 18/06/2026 | Shares | International Equities | US | 1.21% |
| 8 | BAYFAIR SHOPPING CENTRE - Retail | Property | Unlisted Property | NZ | 1.02% |
| 9 | Amazon.Com Inc | Shares | International Equities | US | 1.00% |
| 10 | Auckland International Airport Limited | Shares | Australasian Equities | NZ | 0.91% |
Fees
1.03% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 0.94% | $282 | 0.92% |
| Other fees | 0.09% | $27 | 0.10% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.03% | $309 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2019 | 8.41% | 7.03% |
| 31 March 2020 | -0.66% | -3.37% |
| 31 March 2021 | 26.15% | 28.64% |
| 31 March 2022 | 0.67% | 2.17% |
| 31 March 2023 | -3.61% | -3.69% |
| 31 March 2024 | 15.82% | 14.25% |
| 31 March 2025 | 2.52% | 3.98% |
| 31 March 2026 | 2.09% | 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
- Product disclosure statement
- Statement of investment policy and objectives
- 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 |