BNZ Investment Services Limited
BNZ KiwiSaver Moderate Fund
BNZ KiwiSaver SchemeBalanced
What the provider says about this fund
The Moderate Fund invests largely in income assets, which generally have lower levels of risk with the potential for lower returns. It also has a sizeable allocation to growth assets, which generally have higher levels of risk and potential returns. It aims to achieve moderate returns over the medium term.
1-year return
5.85%
5-year return p.a.
3.32%
Total annual fee
0.45%
Fund size ($m)
842.5
Members
26,951
Inception date
11 February 2013
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
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7
Lower riskHigher risk
Investment mix
Growth assets
39.61%
Income assets
60.39%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 12.94% | 13.00% | 13.93% |
| Cash and equivalents | 15.68% | 15.00% | 7.91% |
| International bonds | 32.72% | 34.00% | 19.39% |
| International shares | 26.67% | 27.00% | 35.53% |
| New Zealand bonds | 11.99% | 11.00% | 18.91% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 2.10% |
| 2 | NVIDIA Corp | Shares | International Equities | US | 1.29% |
| 3 | Infratil Ltd | Shares | Australasian Equities | NZ | 1.28% |
| 4 | Apple Inc | Shares | International Equities | US | 1.16% |
| 5 | Auckland International Airport Ltd | Shares | Australasian Equities | NZ | 1.12% |
| 6 | ASB Bank Ltd Registered Certificate of Deposit 03/08/2026 | Cash | Cash and Cash Equivalents | NZ | 0.99% |
| 7 | Contact Energy Ltd | Shares | Australasian Equities | NZ | 0.99% |
| 8 | ASB Bank Ltd Registered Certificate of Deposit 10/12/2026 | Cash | Cash and Cash Equivalents | NZ | 0.98% |
| 9 | New Zealand (Government) 4.5% 15/05/2030 | Bonds | New Zealand Fixed Interest | NZ | 0.97% |
| 10 | New Zealand (Government) 4.25% 15/05/2036 | Bonds | New Zealand Fixed Interest | NZ | 0.94% |
Fees
0.45% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.45% | $135 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.45% | $135 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 6.83% | 6.00% |
| 31 March 2018 | 5.79% | 5.23% |
| 31 March 2019 | 4.43% | 5.82% |
| 31 March 2020 | 1.45% | -1.40% |
| 31 March 2021 | 11.37% | 18.18% |
| 31 March 2022 | -0.71% | 0.77% |
| 31 March 2023 | -1.98% | -2.77% |
| 31 March 2024 | 9.00% | 10.89% |
| 31 March 2025 | 4.86% | 4.36% |
| 31 March 2026 | 5.85% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Andrew Bascand | Chair, Investment Committee | 1 year, 1 month |
| Hamish Pepper | Member, Investment Committee | 7 months |
| Murray Brown | Member, Investment Committee | 1 year, 1 month |
| Richard Ansell | Member, Investment Committee | 1 year, 1 month |