New Zealand Funds Management Limited
Balanced Fund
NZ Funds KiwiSaver SchemeBalanced
What the provider says about this fund
The objective of the fund is to provide an entry level option, which uses a passive investment approach to gain exposure to a balanced mix of income and growth assets. The fund is anticipated to mainly own New Zealand, Australian and international bonds and shares over the minimum suggested timeframe.
1-year return
5.38%
5-year return p.a.
3.77%
Total annual fee
0.00%
Fund size ($m)
16.1
Members
462
Inception date
31 August 2021
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
45.57%
Income assets
54.43%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 24.38% | 25.00% | 13.93% |
| Cash and equivalents | 9.62% | 5.00% | 7.91% |
| International bonds | 33.89% | 34.00% | 19.39% |
| International shares | 21.19% | 25.00% | 35.53% |
| New Zealand bonds | 10.92% | 11.00% | 18.91% |
| Unknown | 0.00% | 0.00% | 0.00% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Westpac Cash | Cash | Cash and Cash Equivalents | NZ | 27.37% |
| 2 | United States Treasury Bond 4.25% 15/05/2035 | Bonds | International Fixed Interest | US | 19.62% |
| 3 | New Zealand Government 1.5% 15/05/2031 | Bonds | New Zealand Fixed Interest | NZ | 10.92% |
| 4 | Citibank New Zealand Cash | Cash | Cash and Cash Equivalents | NZ | 9.63% |
| 5 | Deutschland Republic 5.5% 04/01/2031 | Bonds | International Fixed Interest | DE | 8.76% |
| 6 | Japan Government Bond 0.1% 20/03/2031 | Bonds | International Fixed Interest | JP | 4.19% |
| 7 | Goldman Sachs Futures | Cash | Cash and Cash Equivalents | US | 3.68% |
| 8 | Fisher & Paykel Healthcare Corp | Shares | Australasian Equities | NZ | 2.94% |
| 9 | Auckland International Airport | Shares | Australasian Equities | NZ | 1.79% |
| 10 | Infratil Ltd | Shares | Australasian Equities | NZ | 1.53% |
Fees
0.00% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.00% | $0 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.00% | $0 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2023 | -1.31% | -2.77% |
| 31 March 2024 | 6.76% | 10.89% |
| 31 March 2025 | 2.90% | 4.36% |
| 31 March 2026 | 5.38% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| John Cobb | Chair of the Investment Governance Committee and a Director | 3 years, 4 months |
| Mark Brooks | Chief Investment Officer and a Principal | 2 years, 1 month |
| Michael Lang | Chief Executive and a Director | 7 years, 6 months |