BT Funds Management (NZ) Limited
Balanced Fund
Westpac KiwiSaver SchemeBalanced
What the provider says about this fund
The Balanced Fund aims to provide medium returns over the medium to long term. The fund has a higher target allocation to growth assets than to income assets. Volatility is expected to be higher than the Default Balanced Fund but lower than the Growth Fund in the Westpac KiwiSaver Scheme.
1-year return
8.66%
5-year return p.a.
4.03%
Total annual fee
0.50%
Fund size ($m)
2289.2
Members
78,311
Inception date
1 October 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
Investment mix
Growth assets
60.20%
Income assets
39.80%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 15.06% | 15.00% | 13.93% |
| Cash and equivalents | 3.80% | 4.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 21.83% | 22.00% | 19.39% |
| International shares | 40.08% | 40.00% | 35.53% |
| Listed property | 5.06% | 5.00% | 2.24% |
| New Zealand bonds | 14.17% | 14.00% | 18.91% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | NVIDIA Corporation | Shares | International Equities | US | 2.14% |
| 2 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 1.79% |
| 3 | Apple Inc. | Shares | International Equities | US | 1.57% |
| 4 | S&P500 E-Mini Future | Shares | International Equities | US | 1.28% |
| 5 | Microsoft Corporation | Shares | International Equities | US | 1.25% |
| 6 | Infratil Ltd | Shares | Australasian Equities | NZ | 1.18% |
| 7 | Alphabet Inc. Class A | Shares | International Equities | US | 1.06% |
| 8 | Auckland International Airport Ltd | Shares | Australasian Equities | NZ | 0.94% |
| 9 | Taiwan Semiconductor Manufacturing Co., Ltd. | Shares | International Equities | TW | 0.93% |
| 10 | Contact Energy Ltd | Shares | Australasian Equities | NZ | 0.81% |
Fees
0.50% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.50% | $150 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.50% | $150 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 5.55% | 6.00% |
| 31 March 2018 | 7.89% | 5.23% |
| 31 March 2019 | 5.72% | 5.82% |
| 31 March 2020 | -2.34% | -1.40% |
| 31 March 2021 | 20.75% | 18.18% |
| 31 March 2022 | -0.73% | 0.77% |
| 31 March 2023 | -2.83% | -2.77% |
| 31 March 2024 | 10.76% | 10.89% |
| 31 March 2025 | 4.95% | 4.36% |
| 31 March 2026 | 8.66% | 6.36% |
Documents
- Full portfolio holdings (spreadsheet)
- Latest fund update
- Other material information
- Other material information
- Other material information
- Other material information
- Product disclosure statement
- Statement of investment policy and objectives
- Statement of investment policy and objectives
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Andrew Twidle | Chief Executive Officer � BT Funds Management (NZ) Limited | 4 months |
| Andrew Winter | Portfolio Manager Diversified Funds | 2 years, 2 months |
| Angelika Sansom | Investment Analytics Manager | 24 years, 7 months |
| Philip Houghton-Brown | Head of Investment Solutions | 5 years, 6 months |
| Stephen Hong | Senior Portfolio Manager | 13 years, 6 months |