Your investments will be managed in the same way by the same team at Fisher Funds
The key difference between the existing Fisher
Funds TWO KiwiSaver Scheme fund and the Fisher Funds KiwiSaver
Plan fund your investments are being transferred into is the fee. And
the good news is that you will not be charged higher fees. In fact, five
out of six funds will see a slight fee reduction when transferred to the
equivalent fund in the Fisher Funds KiwiSaver Plan.
Let’s compare the funds
The asset allocation between each Fisher Funds TWO KiwiSaver Scheme fund and its Fisher Funds KiwiSaver Plan fund counterpart is identical:
Select your current TWO KiwiSaver Scheme:
Fisher Funds TWO KiwiSaver Scheme
New Fisher Funds KiwiSaver Plan
Cash Enhanced Fund
- Preservation Fund
- Cash Enhanced Fund
- Conservative Fund
- Balanced Fund
- Growth Fund
- Equity Fund
Core Conservative Fund
- Cash Fund
- Core Conservative Fund
- Conservative Fund
- Balanced Fund
- Growth Fund
- Aggressive Fund
Risk Indicator
Lower risk
Higher risk
1
2
3
4
5
6
7
Potentially lower returns
Potentially higher returns
Risk Indicator
Lower risk
Higher risk
1
2
3
4
5
6
7
Potentially lower returns
Potentially higher returns
Aims to provide stable returns and reduce the potential of capital loss over the short to medium term by investing in cash and New Zealand short term fixed interest assets.
Income Assets
100%- Cash 100%
Aims to provide stable returns over the long term by investing mainly in income assets with a small allocation to growth assets.
Income Assets
82%- Cash 30%
- New Zealand fixed interest 25%
- International fixed interest 27%
Growth Assets
18%- Australasian equities 7%
- International equities 11%
Aims to provide stable returns over the long term by investing mainly in income assets with a modest allocation to growth assets.
Income Assets
80%- Cash 20%
- New Zealand fixed interest 28%
- International fixed interest 32%
Growth Assets
20%- Australasian equities 5%
- International equities 11%
- Listed property 2%
- Unlisted property 2%
This risk indicator score is calculated on the volatility of returns over the last 5 years, during which the investment makeup of the Fisher Funds KiwiSaver Plan Conservative Fund was different to what it is now. Going forward, the risk indicator score would be expected to be the same as the two funds are now invested in the same assets.
Aims to provide a balance between stability of returns and growing your investment over the long term by investing in a mix of income and growth assets.
Income Assets
40%- Cash 5%
- New Zealand fixed interest 16%
- International fixed interest 19%
Growth Assets
60%- Australasian equities 18%
- International equities 38%
- Listed property 2%
- Unlisted property 2%
Aims to grow your investment over the long term by investing mainly in growth assets.
Income Assets
20%- Cash 5%
- New Zealand fixed interest 7%
- International fixed interest 8%
Growth Assets
80%- Australasian equities 26%
- International equities 50%
- Listed property 2%
- Unlisted property 2%
Aims to grow your investment over the long term by investing predominantly in growth assets.
Income Assets
5%- Cash 5%
Growth Assets
95%- Australasian equities 28%
- International equities 63%
- Listed property 2%
- Unlisted property 2%
Market index returns have been used to fill in the risk indicator, as this fund has not been in operation for five years. Market index returns have been used from 1 January 2021 to 31 March 2025 and actual returns after that. As a result of those returns being used, the risk indicator may provide a less reliable indicator of the potential future volatility of the fund.
† The fees disclosed in the table are the total annual fund charges in each fund. They are a
combination of the
manager’s basic fee
(charged directly to the funds by Fisher Funds for providing services including investment management)
and the
other management and administration charges (expenses incurred by the funds for services such as
registry,
accounting, and any underlying fund management fees and expenses). The other management and
administration
charges are a reasonable estimate of future costs based on (i) a combination of forecast and historic
expenses
charged both to the funds and the underlying funds invested into, and (ii) expected growth in the net
asset
value of the funds over time.
If you have agreed a fee with your adviser for providing you financial advice, this will continue unchanged as a member of Fisher Funds KiwiSaver Plan.
Fees
Your money will be moved from the funds on the left to the equivalent funds on the right. Here's a comparison on their respective fees.†
|
Fisher Funds TWO KiwiSaver Scheme
|
Fisher Funds KiwiSaver Plan
|
||
|---|---|---|---|
|
Preservation
|
0.61%
|
Cash
|
0.44%
|
|
Cash Enhanced
|
0.52%
|
Core Conservative
|
0.50%
|
|
Conservative
|
0.88%
|
Conservative
|
0.85%
|
|
Balanced
|
1.01%
|
Balanced
|
1.01%
|
|
Growth
|
1.14%
|
Growth
|
1.13%
|
|
Equity
|
1.25%
|
Aggressive
|
1.23%
|
If my KiwiSaver account is split over multiple funds, how will Fisher Funds invest my money?
We will match your investment mix using this fund migration table at the same proportion as your Fisher Funds TWO KiwiSaver Scheme.
For example, if you have 30% of your money in the Preservation Fund and 70% in the Balanced Fund in the Fisher Funds TWO Kiwisaver Scheme, you will have 30% of your money in the Cash Fund and 70% in the Balanced Fund within the Fisher Funds KiwiSaver Plan.
Your future contributions will continue to be invested using the same investment mix. If you would like to change your fund or how your future contributions will be invested after the transfer, you can choose a new investment option.
Returns
Check our funds & performance section on our website for up-to-date returns
GlidePath
GlidePath works the same in the Fisher Funds KiwiSaver Plan as it does in the Fisher Funds TWO KiwiSaver Scheme - so you will not experience any material difference from this transfer. You will still be invested in the same mix of funds at the same age brackets.
