Hive Funds Limited
Aurora Balanced Strategy
Aurora KiwiSaver SchemeBalanced
What the provider says about this fund
Diversified strategy aiming to provide a balance between stability of returns and growth, by investing in a mix of income and growth assets. The underlying portfolio is actively managed and includes cash, fixed interest, infrastructure, Australasian equities, and international equities. Environmental, Social and Governance (ESG) and sustainability considerations are integrated into portfolio decision making. The strategy invests 40% in the Aurora Conservative Fund and 60% in the Aurora Growth Fund.
1-year return
5.53%
5-year return p.a.
3.77%
Total annual fee
1.51%
Fund size ($m)
19.6
Members
688
Inception date
21 August 2023
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
55.06%
Income assets
44.94%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 13.88% | 15.20% | 13.93% |
| Cash and equivalents | 11.78% | 7.80% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 16.54% | 18.60% | 19.39% |
| International shares | 38.61% | 42.80% | 35.53% |
| Listed property | 0.00% | 0.00% | 2.24% |
| New Zealand bonds | 16.61% | 15.60% | 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 | Metlife Global Impact Bond Fund - Class A | Bonds | International Fixed Interest | AU | 16.54% |
| 2 | Mercer Macquarie NZ Fixed Interest PIE | Bonds | New Zealand Fixed Interest | NZ | 13.96% |
| 3 | Brandywine Global Opportunistic Equity Fund | Shares | International Equities | NZ | 13.74% |
| 4 | Pella Global Generations PIE Fund | Shares | International Equities | NZ | 12.82% |
| 5 | Munro Global Growth Climate Leaders PIE Fund | Shares | International Equities | NZ | 7.99% |
| 6 | Mercer Macquarie NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 7.37% |
| 7 | Kernel NZ 50 ESG Tilted Fund | Shares | Australasian Equities | NZ | 7.18% |
| 8 | Mint Australasian Equity Fund | Shares | Australasian Equities | NZ | 6.70% |
| 9 | Resolution Capital GLI PIE Fund | Shares | International Equities | NZ | 4.06% |
| 10 | Merricks Capital Partners PIE Fund | Other | Other | NZ | 3.40% |
Fees
1.51% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.09% | $327 | 0.77% |
| Other fees | 0.30% | $90 | 0.09% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.51% | $453 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2025 | 4.61% | 4.36% |
| 31 March 2026 | 5.53% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Sean Henaghan | CIO/Director | 4 years, 11 months |
| Sharon Mackay | CEO/COO, Aurora Capital | 1 year, 3 months |
| Stefan Smith | Senior Multi-Asset Investment Analyst | 1 year, 1 month |