Fisher Funds Plan Aggressive

Nearly 60 percent of this fund sits in international shares, but more than 12 percent is parked in cash, a striking position for a portfolio labelled aggressive. The allocation tilts decisively offshore, with just over a quarter in Australasian equities and the remainder scattered across unlisted property and a sliver of New Zealand bonds.

The top holdings reveal the cash drag in detail: the two largest positions are ANZ current accounts and cash at bank, together accounting for more than 11 percent of the portfolio. Fisher & Paykel Healthcare leads the equity stakes at 2.41 percent, followed by a private equity sleeve and Microsoft. Infratil, Amazon and BHP round out a mix of New Zealand infrastructure, US tech and Australian resources. The fund also holds S&P 500 futures, adding a derivative overlay to its equity exposure. At 93 percent growth assets, the fund sits at the high end of the risk spectrum, though the cash cushion softens the stance. The total fee is 1.23 percent, comprising a 1.06 percent management charge and 0.17 percent in other costs, with no performance fee. Fund size stands at 163.2 million dollars.

General information only, not financial advice. Past performance is not a reliable indicator of future results.