Pathfinder Asset Management Limited
Pathfinder KiwiSaver Balanced Fund
Pathfinder KiwiSaver PlanBalanced
What the provider says about this fund
An ethical portfolio with a balance between growth assets and income assets. This Fund’s value is likely to fluctuate more than the Conservative Fund but less than the Growth Fund.
1-year return
6.72%
5-year return p.a.
4.79%
Total annual fee
1.25%
Fund size ($m)
141.3
Members
3,121
Inception date
23 July 2019
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
52.03%
Income assets
47.97%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 12.40% | 13.00% | 13.93% |
| Cash and equivalents | 11.15% | 10.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 19.04% | 22.00% | 19.39% |
| International shares | 33.11% | 32.00% | 35.53% |
| Listed property | 3.73% | 3.00% | 2.24% |
| New Zealand bonds | 17.78% | 17.00% | 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 | Cash at Bank - NZD - Westpac | Cash | Cash and Cash Equivalents | NZ | 7.06% |
| 2 | Cash at Bank - NZD - ANZ | Cash | Cash and Cash Equivalents | NZ | 4.48% |
| 3 | Microsoft Corporation | Shares | International Equities | US | 1.45% |
| 4 | New Zealand Government Bond 15/05/2054 | Bonds | New Zealand Fixed Interest | NZ | 1.40% |
| 5 | NVIDIA Corp | Shares | International Equities | US | 1.36% |
| 6 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 1.35% |
| 7 | Apple Inc | Shares | International Equities | US | 1.29% |
| 8 | New Zealand Local Government Funding Agency 15/04/2037 | Bonds | New Zealand Fixed Interest | NZ | 1.16% |
| 9 | Alphabet Inc Class A | Shares | International Equities | US | 1.08% |
| 10 | New Zealand Local Government Funding Agency 14/05/2032 | Bonds | New Zealand Fixed Interest | NZ | 0.96% |
Fees
1.25% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.10% | $330 | 0.77% |
| Other fees | 0.06% | $18 | 0.09% |
| Membership fees | 0.09% | $27 | 0.05% |
| Total combined fees | 1.25% | $375 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2021 | 21.62% | 18.18% |
| 31 March 2022 | 4.97% | 0.77% |
| 31 March 2023 | -1.85% | -2.77% |
| 31 March 2024 | 11.79% | 10.89% |
| 31 March 2025 | 2.81% | 4.36% |
| 31 March 2026 | 6.72% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| David Lewis | CIO | 11 months |
| John Berry | CEO | 17 years |
| Kent Fraser | Chair of Investment Committee | 9 years, 6 months |