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Fisher Funds KiwiSaver
Fisher Funds is a KiwiSaver provider that runs 26 KiwiSaver funds, has 516,297 members, manages $15.5 billion, or 11.3% of the KiwiSaver market.
About Fisher Funds
Fisher Funds was founded in Auckland in 1998 as a boutique active manager and entered KiwiSaver in 2008. It has since become one of New Zealand's largest KiwiSaver providers, mainly through acquisition, including Tower's investment business in 2013 and Kiwibank's Kiwi Wealth in 2022. The firm is New Zealand-controlled and majority-owned by the Taranaki-based Toi Foundation, with a minority stake held by a US investment firm. Its house style is active, in-house stock-picking, with a wide fund range spanning cash through to aggressive options. Fees sit toward the higher end of the market, in line with its active-management approach.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2008
- Investment approach
- Active stock selection
- KiwiSaver funds under management
- $15.5 billion (11.3% of the KiwiSaver market)
- Members
- 516,297
- Average member balance
- $30,037
- KiwiSaver funds offered
- 26
- Annual fee range
- 0.37% – 1.23%
Fund range by risk profile
- Defensive: 3 funds
- Conservative: 7 funds
- Balanced: 6 funds
- Growth: 6 funds
- Aggressive: 4 funds
How has Fisher Funds KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the Growth Fund, at +4.3% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Cash Fund | +2.5% |
| Conservative | Conservative Fund | +3.4% |
| Balanced | Default Fund | +8.7% |
| Growth | Growth Fund | +2.8% |
| Aggressive | Aggressive Fund | +1.7% |
KiwiSaver funds offered by Fisher Funds
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Cash Fund | Defensive | 0.45% | +2.5% | +2.7% |
| Lifesaver New Zealand Fixed Income Fund | Defensive | 0.65% | +2.7% | +0.9% |
| Lifesaver Preservation Fund | Defensive | 0.51% | +2.3% | +2.4% |
| Conservative Fund | Conservative | 0.93% | +2.8% | +2.0% |
| Conservative Fund | Conservative | 0.87% | +3.4% | +2.4% |
| Core Conservative Fund | Conservative | 0.51% | +2.7% | +2.8% |
| Glidepath Age 65 | Conservative | 0.91% | +3.3% | Not reported |
| Glidepath Age 75 | Conservative | 0.84% | +3.3% | Not reported |
| Glidepath Age 75 | Conservative | 0.94% | +2.8% | +2.1% |
| Lifesaver Conservative Fund | Conservative | 0.89% | +2.7% | +2.0% |
| Balanced Fund | Balanced | 1.04% | +2.9% | +3.6% |
| Balanced Strategy | Balanced | 1.00% | +2.3% | +2.9% |
| Default Fund | Balanced | 0.37% | +8.7% | Not reported |
| Glidepath Age 55 | Balanced | 1.11% | +2.9% | +3.7% |
| Glidepath Age 60 | Balanced | 0.98% | +2.5% | +2.7% |
| Lifesaver Balanced Fund | Balanced | 0.99% | +1.7% | +2.8% |
| Glidepath Age 30 | Growth | 1.05% | +2.0% | +3.5% |
| Glidepath Age 40 | Growth | 1.21% | +2.5% | Not reported |
| Glidepath Age 50 | Growth | 1.03% | +2.1% | +3.3% |
| Growth Fund | Growth | 1.05% | +2.0% | +3.5% |
| Growth Fund | Growth | 1.13% | +2.8% | +4.3% |
| Lifesaver Growth Fund | Growth | 1.09% | +1.2% | +3.4% |
| Aggressive Fund | Aggressive | 1.23% | +1.7% | Not reported |
| Glidepath Age 25 | Aggressive | 1.23% | +1.7% | Not reported |
| Lifesaver Equity Fund | Aggressive | 1.14% | −0.9% | +3.6% |
| Lifesaver Trans Tasman Equity Fund | Aggressive | 0.93% | −10.0% | +0.3% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.