Fisher Funds Plan Default

Fisher Funds runs just over $1 billion in its default option at a total fee of 0.37 percent, placing it among the lower-cost defaults in the KiwiSaver system. The fund splits 52 percent into growth assets and 48 percent into income, a balanced tilt designed for members who have not made an active fund choice.

The portfolio leans into domestic names. Fisher & Paykel Healthcare leads the equity holdings at 2.51 percent, followed by Auckland Airport, Infratil, Contact Energy and A2 Milk. International shares make up a third of the fund, with exposure gained partly through S&P 500 futures. Nearly 20 percent sits in New Zealand government bonds, including April 2033 and May 2031 maturities, while international bonds add another 18 percent. Cash and equivalents account for 13 percent, with over five percent parked in ANZ current accounts.

The fund returned 10.7 percent over the year to the data date and 12.6 percent annualised over three years. It holds risk level 4, straddling the line between conservative and growth. Members landing here by default get a diversified, moderate allocation without the extremes of either a defensive or aggressive stance.

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