BetaShares Australian Investment Grade Corporate Bond Fund (NZD Hedged) vs Fisher Funds Income Fund

The most material structural difference between these two funds is fee level relative to risk profile. Fisher Funds Income Fund charges a 0.99% annual fund charge against a risk indicator of 3 (on the standard 1–7 scale), while the BetaShares Australian Investment Grade Corporate Bond Fund (NZD Hedged) charges 0.34% — roughly one-third as much — yet carries a higher risk indicator of 4. Both sit in the International Fixed Income category, but investors are accepting different risk-return trade-offs at very different cost points.

On returns, Fisher Funds Income Fund reports a five-year annualised return of 2.09%. BetaShares' five-year return is not available in this snapshot, which limits direct performance comparison. Fisher Funds is the larger vehicle at approximately NZD 43.3 million versus BetaShares at NZD 28.1 million, though both are relatively small funds.

Portfolio construction differs meaningfully. Fisher Funds holds concentrated positions in named NZ-domiciled issuers — LGFA, TR Group, Westpac NZ — with its single largest holding at 8.88%, suggesting a more concentrated, domestically oriented book. BetaShares' top five holdings are each below 3%, pointing to a more diversified, Australian and internationally focused corporate bond portfolio consistent with its index-tracking structure. Both funds report negligible growth asset allocations (0.13% and 0.07% respectively), confirming their income-oriented mandates.

Neither fund is a KiwiSaver scheme account offering based on the data provided. Always verify current fees, returns, and portfolio composition against each fund's Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any figures here.