Smartshares Limited
Quaystreet Balanced Fund
Quaystreet KiwiSaver SchemeBalanced
What the provider says about this fund
The QuayStreet Balanced Fund invests in a diversified portfolio with a balance between fixed interest and growth assets. The investment objective is to provide a level of return above the funds benchmark over the long term.
1-year return
9.47%
5-year return p.a.
7.23%
Total annual fee
1.12%
Fund size ($m)
101.3
Members
1,476
Inception date
30 September 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
57.82%
Income assets
42.18%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 15.99% | 20.00% | 13.93% |
| Cash and equivalents | 12.92% | 10.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 7.14% | 10.00% | 19.39% |
| International shares | 41.16% | 40.00% | 35.53% |
| Listed property | 0.67% | 0.00% | 2.24% |
| New Zealand bonds | 22.14% | 20.00% | 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 | Cash ANZNZ (NZD) | Cash | Cash and Cash Equivalents | NZ | 11.93% |
| 2 | Alphabet | Shares | International Equities | US | 2.81% |
| 3 | NVIDIA | Shares | International Equities | US | 2.01% |
| 4 | Apple | Shares | International Equities | US | 1.69% |
| 5 | Microsoft | Shares | International Equities | US | 1.58% |
| 6 | BHP Billiton | Shares | Australasian Equities | AU | 1.35% |
| 7 | Fisher & Paykel Healthcare | Shares | Australasian Equities | NZ | 1.15% |
| 8 | Amazon.Com | Shares | International Equities | US | 0.94% |
| 9 | Broadcom | Shares | International Equities | US | 0.93% |
| 10 | Meta Platforms | Shares | International Equities | US | 0.86% |
Fees
1.12% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.95% | $285 | 0.77% |
| Other fees | 0.07% | $21 | 0.09% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.12% | $336 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 6.12% | 6.00% |
| 31 March 2018 | 5.71% | 5.23% |
| 31 March 2019 | 4.77% | 5.82% |
| 31 March 2020 | 0.54% | -1.40% |
| 31 March 2021 | 14.82% | 18.18% |
| 31 March 2022 | 4.34% | 0.77% |
| 31 March 2023 | 1.64% | -2.77% |
| 31 March 2024 | 14.67% | 10.89% |
| 31 March 2025 | 6.47% | 4.36% |
| 31 March 2026 | 9.47% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Alister John Williams | Director - Smart | 10 years, 4 months |
| Craig Smith | Portfolio Manager, Fixed Interest - QuayStreet | 1 year, 11 months |
| Jon Raby | Director - Smart | 5 months |
| Roy Cross | Head of Australasian Equities - QuayStreet | 1 month |
| Stefan Stevanovic | Head of International Equities - QuayStreet | 3 years, 1 month |