Pie Funds Management Limited
Pie KiwiSaver Balanced Fund
Pie KiwiSaver SchemeBalanced
What the provider says about this fund
The Pie KiwiSaver Balanced Fund seeks to provide members with steady capital growth over a period exceeding 5 years. The Fund invests in equities with a reasonable allocation towards fixed interest, directly and/or through investment in other funds also managed by Pie Funds.
1-year return
12.90%
5-year return p.a.
2.12%
Total annual fee
0.69%
Fund size ($m)
57.6
Members
1,361
Inception date
1 August 2018
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
60.46%
Income assets
39.54%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 11.91% | 10.00% | 13.93% |
| Cash and equivalents | 10.77% | 10.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 17.09% | 20.00% | 19.39% |
| International shares | 48.55% | 50.00% | 35.53% |
| Listed property | 0.00% | 0.00% | 2.24% |
| New Zealand bonds | 11.67% | 10.00% | 18.91% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | BNZ Call Account - NZD | Cash | Cash and Cash Equivalents | NZ | 5.10% |
| 2 | JPM Call Account - USD | Cash | Cash and Cash Equivalents | AU | 1.93% |
| 3 | JPM Call Account - AUD | Cash | Cash and Cash Equivalents | AU | 1.91% |
| 4 | NVIDIA Corp | Shares | International Equities | US | 1.68% |
| 5 | Apple Inc | Shares | International Equities | US | 1.24% |
| 6 | BZLNZ 4.354% 28/01/2031 | Bonds | New Zealand Fixed Interest | NZ | 0.99% |
| 7 | Watercare Services Ltd 3.847% 30/09/2030 | Bonds | New Zealand Fixed Interest | NZ | 0.94% |
| 8 | Alphabet Inc Class A | Shares | International Equities | US | 0.92% |
| 9 | Millicom International Cellular SA | Shares | International Equities | US | 0.84% |
| 10 | MCYNZ 5.17% 01/04/2033 | Bonds | New Zealand Fixed Interest | NZ | 0.80% |
Fees
0.69% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.69% | $207 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.69% | $207 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2020 | 5.56% | -1.40% |
| 31 March 2021 | 27.08% | 18.18% |
| 31 March 2022 | -10.73% | 0.77% |
| 31 March 2023 | -2.44% | -2.77% |
| 31 March 2024 | 13.75% | 10.89% |
| 31 March 2025 | 2.08% | 4.36% |
| 31 March 2026 | 12.90% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Michael Taylor | Executive Director and Chief Investment Officer | 4 years |
| Michelle Lopez | Head of Australasian Equities and Portfolio Manager | 3 years, 2 months |
| Travis Murdoch | Head of Fixed Income andPortfolio Manager | 3 years, 5 months |