FundRock NZ Limited
InvestNow Foundation Series Balanced Fund
InvestNow KiwiSaver SchemeBalanced
What the provider says about this fund
Provides exposure to a diversified fund that invests in a balance of income and growth assets. The underlying fund incorporates certain responsible investment considerations and is exposed to investment strategies that seek to limit exposure to companies involved in specific business practices
1-year return
6.48%
5-year return p.a.
4.77%
Total annual fee
0.36%
Fund size ($m)
15.2
Members
561
Inception date
28 September 2020
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
59.21%
Income assets
40.79%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 16.58% | 17.00% | 13.93% |
| Cash and equivalents | 2.46% | 2.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 26.50% | 26.00% | 19.39% |
| International shares | 44.33% | 43.00% | 35.53% |
| Listed property | 0.00% | 0.00% | 2.24% |
| New Zealand bonds | 11.83% | 12.00% | 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 | Vanguard ESG US Stock ETF | Shares | International Equities | US | 29.50% |
| 2 | IShares Global Aggregate Bond ESG SRI UCITS ETF | Bonds | International Fixed Interest | IE | 26.50% |
| 3 | Harbour Sustainable NZ Shares Fund | Shares | Australasian Equities | NZ | 16.69% |
| 4 | Vanguard ESG INTL Stock ETF | Shares | International Equities | US | 14.83% |
| 5 | Mercer Macquarie NZ Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 11.91% |
| 6 | Mercer Macquarie NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 1.71% |
| 7 | Cash at Bank (BNZ) | Cash | Cash and Cash Equivalents | NZ | 0.57% |
Fees
0.36% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.12% | $36 | 0.77% |
| Other fees | 0.24% | $72 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.36% | $108 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2022 | 2.56% | 0.77% |
| 31 March 2023 | -2.87% | -2.77% |
| 31 March 2024 | 12.90% | 10.89% |
| 31 March 2025 | 5.42% | 4.36% |
| 31 March 2026 | 6.48% | 6.36% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Other material information
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Anthony Sowerby | Investment Committee Member | 6 years |
| Jason Choy | Investment Committee Member | 3 years, 8 months |
| Kimi David | Investment Committee Member | 1 year, 1 month |
| Mike Heath | Investment Committee Member | 6 years |