Annual disclosure statement data file,,,,,Notes
Name of KiwiSaver scheme,Fisher Funds TWO KiwiSaver Scheme,,,,
Name of KiwiSaver fund,Fisher Funds TWO KiwiSaver Scheme Preservation Fund,,,,
Period to which disclosure statement relates,31/03/2016,,,,
Description of the fund and its investment objectives,"A fund that invests primarily in cash and short-term New Zealand securities such as 90-day bank bills, with a total portfolio duration not exceeding 6 months. The aim of the fund is to provide capital protection while providing a return that exceeds the S&P/NZX 90 Day Bank Bill Index over the long term.",,,,
Total value of the fund,"26,648,000",,,,
Number of members in the fund,2151,,,,
Date the fund started,1/10/2007,,,,
,,,,,
Information about returns [refer r16],,,,,
,Past five years,Past year,,,
Annual return (after fund fees and tax at the highest PIR) ,2.39%,2.36%,,,
Annual return (after fund fees and tax at 0% PIR),3.21%,3.17%,,,
,,,,,
Information about past returns [refer r17],,,,,
,Disclosure year,Annual return (after fund fees and tax at the highest PIR) ,,,
Annual compound return since the fund started,,2.90%,,,
Return for latest complete disclosure year,31/03/2016,2.36%,,,
Return for next latest complete disclosure year,31/03/2015,2.68%,,,
Return for next latest complete disclosure year,31/03/2014,2.29%,,,
Return for next latest complete disclosure year,31/03/2013,2.59%,,,
Return for next latest complete disclosure year,31/03/2012,2.06%,,,
Return for next latest complete disclosure year,31/03/2011,2.33%,,,
Return for next latest complete disclosure year,31/03/2010,2.31%,,,
Return for next latest complete disclosure year,31/03/2009,5.22%,,,
Return for next latest complete disclosure year,[specify disclosure year],[specify],,,
Return for next latest complete disclosure year,[specify disclosure year],[specify],,,
,,,,,
Information about fees [refer r25],,,,,
,% of members' interests,,,,
Total fund fees,0.65%,,,,Further details of the fees charged can be found in the Investment Statement at http://www.ff2kiwisaver.co.nz/assets/Documents/Fisher-Funds-TWO-KiwiSaver-Scheme-Investment-Statement.pdf
Annual management fee,0.48%,,,,
Performance-based fees,0.00%,,,,
Other fees and costs,0.17%,,,,
,,,,,
Membership fees,28.32,,,,
,,,,,
Synthetic total expense ratio,0.86%,,,,
,,,,,
Actual investment mix [refer r29],,,,,
,% of pie graph,,,,
Cash and cash equivalents,29.20%,,,,
New Zealand fixed interest,70.80%,,,,
International fixed interest,0.00%,,,,
Australasian equities,0.00%,,,,
International equities,0.00%,,,,
Listed property,0.00%,,,,
Unlisted property,0.00%,,,,
Unknown,0.00%,,,,
Other,0.00%,,,,
,,,,,
Target investment mix [refer r29],,,,,
Cash and cash equivalents,50.00%,,,,
New Zealand fixed interest,50.00%,,,,
International fixed interest,0.00%,,,,
Australasian equities,0.00%,,,,
International equities,0.00%,,,,
Listed property,0.00%,,,,
Unlisted property,0.00%,,,,
Unknown,0.00%,,,,
Other,0.00%,,,,
,,,,,
Top 10 investments [refer r27],,,,,
Name,Percentage of fund net assets,Type,Country,Credit rating (if applicable),
ASB 03/18 FRN,7.47%,New Zealand fixed interest,New Zealand,AA-,
Westpac 03/18/FRN,6.74%,New Zealand fixed interest,New Zealand,AA-,
Cash Deposit (ANZ Bank),6.27%,Cash and cash equivalents,New Zealand,,
Akl Int Air 4/17 FRN,5.94%,New Zealand fixed interest,New Zealand,A-,
Rabobank 05/16 FRN,5.86%,Cash and cash equivalents,New Zealand,A,
Westpac 10/17 FRN,5.69%,New Zealand fixed interest,New Zealand,AA-,
Fonterra FRN 24/X/17,5.53%,New Zealand fixed interest,New Zealand,A-,
Westpac 07/17 FRN,4.59%,New Zealand fixed interest,New Zealand,AA-,
ASB 08/18 FRN,4.18%,New Zealand fixed interest,New Zealand,AA-,
Kiwibank 11/17 FRN,3.83%,New Zealand fixed interest,New Zealand,A+,
Total value of 10 highest value assets as a percentage of fund net assets,56.10%,,,,
,,,,,
"Liquidity and debt ratios [refer r32,33]",,,,,
Liquidity ratio,98.31%,,,,
Debt ratio,0.64%,,,,
,,,,,
Key personnel [refer r35],,,,,
Name,Current position,Time in current position,Previous or other position,Time in previous or other position,
Mark Brighouse,Chief Investment Officer ,"4 Years, 5 Months","Managing Director, Brook Asset Management",5 years,
David McLeish,"Senior Portfolio Manager, Fixed Interest","5 Years, 0 Months","Executive Director, Goldman Sachs International, London",3 years,
,,,,,As a single asset class fund the Preservation Fund requires only 2 key personnel
,,,,,
,,,,,
,,,,,
Additional information about individual assets [refer 28],,,,,
Name of the asset,% of fund net assets,Code (if applicable),,,
ASB 03/18 FRN,7.47%,NZABBDT033C2,,,
Westpac 03/18/FRN,6.74%,NZWNZD0318L4,,,
Cash Deposit (ANZ Bank),6.27%,ANZ 10 A/C - Current Accounts,,,
Akl Int Air 4/17 FRN,5.94%,NZAIADT317L4,,,
Rabobank 05/16 FRN,5.86%,NZRABDT013C6,,,
Westpac 10/17 FRN,5.69%,NZWNZD1017L1,,,
Fonterra FRN 24/X/17,5.53%,NZFCGDT286C5,,,
Westpac 07/17 FRN,4.59%,NZWNZD0717L7,,,
ASB 08/18 FRN,4.18%,NZABBDT027C4,,,
Kiwibank 11/17 FRN,3.83%,NZKIWD1117L1,,,
Kiwibank 04/17 FRN,3.43%,NZKIWD0417L6,,,
ANZ Bank 03/19 FRN,3.33%,NZANBDT015C5,,,
ANZ 08/03/17 FRN,3.13%,NZANBDG022C6,,,
Kiwibank Deposit A/C - Deposit Accounts 26/07/2016,2.83%,Kiwibank Deposit A/C - Deposit Accounts 26/07/2016,,,
ASB Bank 03/19 FRN,2.66%,NZABBDT035C7,,,
BNZ Bank Deposit A/C - Deposit Accounts 27/05/2016,2.60%,BNZ Bank Deposit A/C - Deposit Accounts 27/05/2016,,,
BNZ Bank Deposit A/C - Deposit Accounts 27/07/2016,2.58%,BNZ Bank Deposit A/C - Deposit Accounts 27/07/2016,,,
Akl Int A 10/18 FRN,2.55%,NZAIAD1018L8,,,
BNZ 15/07/16 5.73%,2.41%,NZBNZDT335C8,,,
BNZ 28/03/2018 FRN,2.13%,NZBNZDT365C5,,,
Rabobank 05/17 5.38%,1.94%,NZRABDT012C8,,,
ANZ 01/12/17 FRN,1.84%,NZANBDG026C7,,,
ANZ Bank Deposit A/C - Deposit Accounts 26/05/2016,1.72%,ANZ Bank Deposit A/C - Deposit Accounts 26/05/2016,,,
ASB 08/06/17 6.06%,1.63%,NZABBDT024C1,,,
Akl CC 29/09/17 6.52,1.56%,NZMCC050D5L1,,,
Kiwibank Deposit A/C - Deposit Accounts 24/06/2016,1.38%,Kiwibank Deposit A/C - Deposit Accounts 24/06/2016,,,
ANZ Bank Deposit A/C - Deposit Accounts 24/05/2016,1.29%,ANZ Bank Deposit A/C - Deposit Accounts 24/05/2016,,,
BNZ Bank Deposit A/C - Deposit Accounts 13/04/2016,1.22%,BNZ Bank Deposit A/C - Deposit Accounts 13/04/2016,,,
Trnpwr 11/18 5.14%,0.91%,NZ519D1118L9,,,
ANZ Bank Deposit A/C - Deposit Accounts 22/04/2016,0.52%,ANZ Bank Deposit A/C - Deposit Accounts 22/04/2016,,,
Trnpwr 02/17 6.595%,0.51%,NZ519D0217L0,,,
Toyota 11/18 4.405%,0.45%,NZTFSDT498C3,,,
Kiwibank Deposit A/C - Deposit Accounts 28/04/2016,0.29%,Kiwibank Deposit A/C - Deposit Accounts 28/04/2016,,,
Kiwibank Deposit A/C - Deposit Accounts 17/05/2016,0.26%,Kiwibank Deposit A/C - Deposit Accounts 17/05/2016,,,
ANZ 18/09/17 4.89%,0.24%,NZANBDT011C4,,,
ASB 20/12/17 4.476%,0.22%,NZABBDT025C8,,,
Akl Cnc 03/17 FRN,0.20%,NZAKCDT315C1,,,
BNZ IRS 18/12/2017,0.06%,BNZ1073S,,,
ANZ IRS 30/03/2019,0.01%,ANZ5192S,,,
,,,,,