Fisher Funds KiwiSaver Plan
Growth Fund
Growth Fund is a growth fund within the Fisher Funds KiwiSaver Plan, managed by Fisher Funds Management Limited, with 96,908 members and $4.4B invested. Over the five years to 30 June 2026 it returned 4.46% a year after fees and tax, against a median of 6.64% across 12 Growth funds within KiwiSaver schemes — 2.2 percentage points below the median. Its annual fee is 1.23%.
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
- View fee + return history →FeeMATERIALJun 2026Annual fee 1.13% → 1.23% (+0.10pp)Quarter-on-quarter (Mar 2026 → Jun 2026)
Overview
About this growth fund
The Growth Fund sits within the Fisher Funds KiwiSaver Plan and holds 79 per cent in growth assets and 21 per cent in income assets. This allocation reflects a growth-oriented investment approach positioned toward members seeking capital appreciation over the medium to long term. The scheme offers a range of KiwiSaver scheme funds across different risk profiles, and this fund represents the growth end of that spectrum.
Over the five-year period to 30 June 2026, the Growth Fund delivered an average annual return of 4.46 per cent. The fund charges an annual fee of 1.23 per cent, which sits above the peer-median fee of 1.05 per cent for growth-type KiwiSaver scheme funds. As at 30 June 2026, the fund held $4401.1 million in assets across 96,908 members. Past performance is not a reliable indicator of future returns.
The FMA risk indicator for this fund is 5 out of 7, placing it in the higher-risk category. This risk profile is typically considered appropriate for members with a longer investment timeframe who can tolerate greater short-term fluctuations in their account value in pursuit of stronger long-term growth potential. Members should consider their own circumstances, investment goals and risk tolerance before investing.
Past performance is not a reliable indicator of future returns.
Holdings
As of 2026-06-30 Growth Fund reports an asset mix of 79% growth assets (shares, listed property, alternatives) and 21% income assets (cash, bonds, fixed interest). This split is typical for a growth fund. The full asset-mix breakdown including overseas vs domestic and listed vs unlisted exposure appears in the asset-allocation chart below.
Performance
Growth Fund has 2 quarters of QFU data on file (2026-03-31 to 2026-06-30). The 5-year average annual return reported in the most recent QFU is 4.46%. Past performance is not a reliable indicator of future returns.
Fees
At 1.23% in annual charges, Growth Fund's fee sits 0.18 percentage points above the median for Growth KiwiSaver scheme funds in our coverage (median 1.05%). 43 of the 67 funds in this cohort charge a lower annual fee (this fund ranks 44 cheapest of 67). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
Growth Fund carries a risk indicator of 5/7 on the FMA risk scale. Risk indicator 5-6 funds are typically considered for members with a long investment horizon (10+ years) who can tolerate larger short-term value swings in exchange for higher long-term return potential. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Snapshot
4.46% a year over five years, at a 1.23% annual fee
Five-year return
4.46%
Five Year Average Return
Returns (green) show the fund’s growth over the five years to 30 June 2026, after fees and taxes. Compare these results with the average Growth KiwiSaver scheme fund (light green).
4.46% for this fund — category median 6.64% across 12 Growth KiwiSaver scheme funds at 30 June 2026. This fund ranks 11 of 12 (8th percentile) by five-year after-fee return.
Past performance is not an indicator of future performance.
Annual fee
1.23%
One Year Average Fees
Fees shown here (blue) represent what you would pay over a year if you had $30,000 invested in this fund. Compare them with the average fees for Growth KiwiSaver scheme funds (light blue).
Growth / income split
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 30 June 2026. The average mix for growth KiwiSaver scheme funds is shown in light blue.
In the provider’s words
What the provider says about this fund
Here’s the provider’s overview of the managed fund:
“Aims to grow your investment over the long term by investing mainly in growth assets.”
When can I get my money out?
This is a fund within a KiwiSaver scheme, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
Asset mix
79% growth assets, 21% income assets
This fund's asset mix
Average for growth funds
Your investment mix shapes your outcome
The balance of assets you choose — your asset allocation, has the biggest impact on how your investments perform and how much their value may rise or fall along the way. Selecting that balance is crucial. By adjusting the proportion of growth-oriented investments you include, you’re effectively setting your preferred level of risk. Generally, taking on more risk can increase the potential for higher returns, but there’s never a guarantee — that’s the nature of risk. To find an allocation suited to your personal circumstances (sometimes called your risk profile), you can start with an investor risk questionnaire or a KiwiSaver-specific guide.
Largest holdings · 7 September 2025
Top 10 holdings — 17.12% of this fund
These assets make up 17.12% of this fund as at 7 September 2025.
These are the most recent holdings held for this fund, and they predate the 30 June 2026 figures shown elsewhere on this page. Holdings are captured from the fund’s quarterly updates, which do not always carry a readable holdings table, so a fund can be current on fees and returns while its holdings list is older.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | ANZ 10 A/C - CURRENT ACCOUNTS | Cash | Cash and equivalents | NZ | 2.68% |
 | FISHER & PAYKEL HEALTHCARE CORP LTD | Shares | Australasian equities | NZ | 2.17% |
 | MICROSOFT CORPORATION | Shares | International equities | US | 1.99% |
 | AMAZON.COM INC | Shares | International equities | US | 1.84% |
 | E-MINI S&P 500 FUTURES 19/09/2025 | Shares | International equities | US | 1.55% |
 | INFRATIL LIMITED | Shares | Australasian equities | NZ | 1.49% |
 | ALPHABET INC CAP STOCK CLASS A | Shares | International equities | US | 1.46% |
 | JPM USD CALL A/C - CURRENT ACCOUNTS | Cash | Cash and equivalents | US | 1.42% |
 | XERO LIMITED | Shares | Australasian equities | AU | 1.31% |
 | MASTERCARD INC-CLASS A | Shares | International equities | US | 1.21% |
Fees in context
How this fee compares with the category
1.23%
This Fund
0.89%
Average Growth KiwiSaver scheme funds
The blue segment shows the annual fees you’d pay if you invested $30,000 in this fund. The grey segment represents the typical yearly fees for an average Growth KiwiSaver scheme fund, so you can compare them directly.
Smaller Fees, Bigger Potential
When it comes to investing, spending more doesn’t automatically lead to stronger results. In fact, higher fund fees can often eat into your returns. Remember, what you keep is calculated after fees and taxes are deducted. Because no one can predict how any fund will perform, it’s generally wise to look for options with lower costs whenever you can.
Fee breakdown
What makes up the 1.23% annual charge
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| total Total fund charges | 1.23% | — |
Returns in context
How the five-year return compares with the category
4.46%
This Fund
5.92%
Average Growth KiwiSaver scheme funds
Over the past five years, this fund delivered the average annual return shown here (in green) to investors, after fees and taxes (28% PIR) were applied. For comparison, the average return over the same period for all Growth KiwiSaver scheme funds is shown in grey.
Returns: Reflecting the Past
Investing is about seeking returns, but the figures shown here represent historical performance—they cannot be relied upon to continue in the future. Selecting a fund solely based on past performance is not advisable. A well-informed decision should consider factors such as an appropriate investment mix for your goals and reasonable fees.
Risk
Risk indicator: 5 of 7
Risk indicator
This indicator reflects how much the investment’s value has fluctuated over time. It is calculated from the fund’s five-year performance, or from a comparable market index if the fund has a shorter history.
Fund details
The numbers that don’t make headlines
Manager information
| Name | FISHER FUNDS MANAGEMENT LIMITED |
| Type | NZ Limited Company |
| Website | fisherfunds.co.nz |
| NZBN | 9429037864354 |
| FSP Number | FSP38581 |
Fund information
| Asset liquidity ratio | 79.40% |
| Total value of fund | $4,401,087,241 |
| Debt ratio | 0.17% |
Fee + return history
View detailed history →Quarterly fees and after-tax returns recorded against this fund since inception. Sourced from FMA Disclose Quarterly Fund Updates. The detailed view shows the full chart + per-quarter data table.
PDS changes
View detailed PDS history →Material changes to the Product Disclosure Statement over time — fee adjustments, asset-allocation shifts, scheme-rule amendments. Diff against the previous PDS shown side-by-side in the detailed view.
Holdings changes
View detailed holdings diff →Top-10-holdings additions, removals, and weight changes across quarters. Shows the manager's actual portfolio decisions over time, sourced from the fund's Quarterly Fund Update.
SIPO changes
View detailed SIPO history →Statement of Investment Policy and Objectives revisions — investment objective rewrites, asset-class target shifts, ESG policy changes, derivatives policy changes. The detailed view diffs against prior SIPO versions.
AI · API · Markdown
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Identifiers
- FMA fund code
- FND555
- FSP number
- FSP38581
- NZBN
- 9429037864354
- Provider
- Fisher
- Scheme
- Fisher Funds KiwiSaver Plan
Endpoints for Growth Fund
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curl -s "https://fundcompare.co.nz/api/fund/fisher/growth-fund/facts.json" | jq .Python
import requests
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print(data["fund_name" if "fund" == "fund" else "name"])MCP (Claude Desktop / ChatGPT)
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# Claude Desktop (UI): Settings → Connectors → Add custom connector
# URL: https://fundcompare.co.nz/mcp
# Claude Desktop via JSON (uses npx mcp-remote bridge):
{ "mcpServers": { "fundcompare": {
"command": "npx", "args": ["-y", "mcp-remote", "https://fundcompare.co.nz/mcp"]
} } }
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The information provided on this website is not a recommendation to buy, sell, or hold any financial products. Nothing on this website constitutes financial advice for the purposes of the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider.
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