Westpac KiwiSaver Scheme
Westpac Balanced Fund

In their own words: "The Balanced Fund aims to provide medium returns over the medium to long term. The fund has a higher benchmark allocation to growth assets than to income assets. Volatility is expected to be higher than the Moderate Fund but lower than the Growth Fund in the Westpac KiwiSaver Scheme."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 6.39%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 0.84%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND343
Name Westpac Balanced Fund
Risk profile Balanced fund
Description The Balanced Fund aims to provide medium returns over the medium to long term. The fund has a higher benchmark allocation to growth assets than to income assets. Volatility is expected to be higher than the Moderate Fund but lower than the Growth Fund in the Westpac KiwiSaver Scheme.
Value $1.6B NZD
Members 99,394
Market index description The composite index return reflects a composite of benchmark index returns, weighted for the fund’s target asset allocation. The benchmark indices used for each asset class are defined in the Statement of Investment Policy and Objectives (SIPO).
Disclosure Statement Period Sun June 30th 2019
Fund started Mon Oct. 1st 2007
Three-year average return 6.39%
Market index past year return 8.75%
Past year return net charges and tax 5.88%
Past year return net of charges gross of tax 7.17%
Market index return since fund started 9.29%
Return since fund started net 7.58%
Total annual fund fees 0.84%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Administration charges 0.19%
Total other charges 27.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2019 5.68% 5.72%
2018 5.63% 7.89%
2017 6.10% 5.55%
2016 4.01% 4.03%
2015 11.09% 11.89%
2014 7.28% 7.1%
2013 10.75% 9.91%
2012 1.75% 0.36%
2011 5.30% 7.36%
2010 16.19% 18.64%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Showing the top 10 investments for this fund:

  • K2 Alternative Strategies NZ Portfolio
    Cayman Islands Other
    2.93%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    2.64%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities N/A
    2.13%
  • US 5Yr Note (Cbt)
    United States Int Fixed Interest
    1.85%
  • Blackrock Style Advantage Fund
    Luxembourg Other
    1.47%
  • Contact Energy Ltd
    New Zealand Australasian Equities N/A
    1.46%
  • US 2Yr Note (Cbt)
    United States Int Fixed Interest
    1.16%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    1.12%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    1.11%
  • Goldman Sachs Alternative Risk Premia Portfolio
    Luxembourg Other
    1.07%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 5.0% 4.79%
New Zealand Fixed Interest 15.0% 14.89%
International Fixed Interest 20.0% 19.92%
Australasian Equities 20.0% 20.23%
International Equities 29.0% 29.03%
Listed Properties 5.0% 5.45%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 6.0% 5.69%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Key Personnel

  • Angelika Sansom

    Currently: Investment Analytics Manager (17 years, 10 months)
    Previously: Investment Consultant, Mercer (2 years, 4 months)

  • Francois Richeboeuf

    Currently: Senior Portfolio Manager (8 years, 8 months)
    Previously: Head of Fixed Income and Portfolio Manager, Rand Merchant Bank Asset Management (3 years, 1 months)

  • Matthew Goldsack

    Currently: Head of Investment Solutions (10 years, 6 months)
    Previously: Head of Research, AXA Global Investors (7 years, 10 months)

  • Nigel Jackson

    Currently: Acting Head of Investments & Insurance (2 years, 4 months)
    Previously: Head of Customer Proposition (current) (7 years, 8 months)

  • Stephen Hong

    Currently: Senior Portfolio Manager (6 years, 9 months)
    Previously: Portfolio Manager, AXA Global Investors (5 years, 9 months)

  • Teresa Brandts-Giesen

    Currently: Portfolio Analyst (0 years, 7 months)
    Previously: Senior Business Intelligence Developer and Insight Analyst - Westpac New Zealand Limited (1 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.81%
  • Animal Testing:
    1.92%
  • Fossil Fuels:
    1.88%
  • Gambling:
    0.69%
  • GMOs:
    0.21%
  • Human Rights & Environmental Violations:
    0.86%
  • Palm Oil:
    0.07%
  • Tobacco:
    0.00%
  • Weapons:
    0.26%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. Note that the Fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the Fund.

Many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.