Fisher Funds Management Limited
Glidepath Age 75
Fisher Funds KiwiSaver SchemeConservative
What the provider says about this fund
GlidePath age 75 is a representation of the GlidePath life cycle. This investment option invests 9% in the Growth Fund and 91% in the Conservative Fund.
1-year return
2.76%
5-year return p.a.
2.13%
Total annual fee
0.94%
Fund size ($m)
0.2
Members
3
Inception date
31 October 2017
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
26.34%
Income assets
73.66%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 6.70% | 7.00% | 5.79% |
| Cash and equivalents | 19.29% | 19.00% | 20.22% |
| International bonds | 25.04% | 30.00% | 27.47% |
| International shares | 15.60% | 14.00% | 14.45% |
| Listed property | 1.04% | 2.00% | 1.47% |
| New Zealand bonds | 29.34% | 26.00% | 29.28% |
| Unlisted property | 3.00% | 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 | 5.10% |
| 2 | NZ Government Bond 14/04/2033 3.50 | Bonds | New Zealand Fixed Interest | NZ | 2.06% |
| 3 | NZ Government Bond 15/05/2031 1.50 | Bonds | New Zealand Fixed Interest | NZ | 1.93% |
| 4 | NZ Government Index Linked Bond 20/09/35 2.50 | Bonds | New Zealand Fixed Interest | NZ | 1.39% |
| 5 | NZ Government Bond 15/04/2037 2.75 | Bonds | New Zealand Fixed Interest | NZ | 1.15% |
| 6 | NZ Local Government Funding Agency 15/05/28 2.25 | Bonds | New Zealand Fixed Interest | NZ | 0.99% |
| 7 | BAYFAIR SHOPPING CENTRE - Retail | Property | Unlisted Property | NZ | 0.93% |
| 8 | NZ Government Index Linked Bond 20/09/40 2.50 | Bonds | New Zealand Fixed Interest | NZ | 0.86% |
| 9 | NZ Government Index Linked Bond 20/09/2030 3.00 | Bonds | New Zealand Fixed Interest | NZ | 0.83% |
| 10 | Bank of New Zealand 23/11/2026 FRN | Bonds | New Zealand Fixed Interest | NZ | 0.82% |
Fees
0.94% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.86% | $258 | 0.70% |
| Other fees | 0.08% | $24 | 0.11% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.94% | $282 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2019 | 5.68% | 4.43% |
| 31 March 2020 | 1.00% | 1.24% |
| 31 March 2021 | 10.51% | 8.66% |
| 31 March 2022 | -0.55% | -0.64% |
| 31 March 2023 | -2.54% | -1.65% |
| 31 March 2024 | 7.91% | 6.61% |
| 31 March 2025 | 3.41% | 3.59% |
| 31 March 2026 | 2.76% | 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
- 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 |
| 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 |