Fisher Funds Default Fund
Default Fund is a balanced KiwiSaver fund managed by Fisher Funds. It has 72,546 members and holds $1.0 billion. It opened in 2021.
Fees and returns
- Annual fee
- 0.37% of your balance each year
- Return over 1 year
- +8.7% a year
- Return over 3 years
- +8.7% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 34%, new zealand fixed interest 19%, international fixed interest 18%, australasian equities 16%.
Largest holdings
- Buy Usd:Sell Nzd 30/06/26 30/06/2026 5.72%
- ANZ 10 A/C - Current Accounts 5.6%
- Buy Nzd:Sell Usd 02/06/26 02/06/2026 4.54%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +8.7% |
| 2024/25 | +6.0% |
| 2023/24 | +11.3% |
| 2022/23 | −3.7% |
About this fund
The Fisher Funds Default Fund is a balanced fund with a near-even mix of growth and income assets, managed on a mainly passive (enhanced passive) basis. A default-scheme option, formerly part of the Kiwi Wealth KiwiSaver Scheme, it has an annual fund charge of 0.37%.
See how all of Fisher Funds KiwiSaver's funds have performed