BNZ Investment Services Limited
BNZ KiwiSaver Balanced Fund
BNZ KiwiSaver SchemeBalanced
What the provider says about this fund
The Balanced Fund invests largely in growth assets, which generally have higher levels of risk with the potential for higher returns. It also has a sizeable allocation to income assets, which generally have lower levels of risk and potential returns. It aims to achieve a medium level of return over the medium to long term.
1-year return
7.80%
5-year return p.a.
4.43%
Total annual fee
0.45%
Fund size ($m)
967.5
Members
25,636
Inception date
11 February 2013
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
59.64%
Income assets
40.36%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 19.95% | 20.00% | 13.93% |
| Cash and equivalents | 5.52% | 5.00% | 7.91% |
| International bonds | 24.79% | 26.00% | 19.39% |
| International shares | 39.69% | 40.00% | 35.53% |
| New Zealand bonds | 10.05% | 9.00% | 18.91% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 3.23% |
| 2 | Infratil Ltd | Shares | Australasian Equities | NZ | 1.97% |
| 3 | NVIDIA Corp | Shares | International Equities | US | 1.92% |
| 4 | Auckland International Airport Ltd | Shares | Australasian Equities | NZ | 1.73% |
| 5 | Apple Inc | Shares | International Equities | US | 1.72% |
| 6 | Contact Energy Ltd | Shares | Australasian Equities | NZ | 1.52% |
| 7 | A2 Milk Company Ltd | Shares | Australasian Equities | NZ | 1.36% |
| 8 | Microsoft Corporation | Shares | International Equities | US | 1.29% |
| 9 | Mainfreight Ltd | Shares | Australasian Equities | NZ | 1.15% |
| 10 | Amazon.Com Inc | Shares | International Equities | US | 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 | 8.50% | 6.00% |
| 31 March 2018 | 7.09% | 5.23% |
| 31 March 2019 | 5.34% | 5.82% |
| 31 March 2020 | 0.83% | -1.40% |
| 31 March 2021 | 16.71% | 18.18% |
| 31 March 2022 | 0.11% | 0.77% |
| 31 March 2023 | -2.37% | -2.77% |
| 31 March 2024 | 11.72% | 10.89% |
| 31 March 2025 | 5.51% | 4.36% |
| 31 March 2026 | 7.80% | 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 |