Kiwi Wealth KiwiSaver Scheme
Kiwi Wealth Balanced

In their own words: "The Balanced Fund is invested up to 70% in shares and other growth assets, with the remainder in cash and fixed interest assets. Its objective is to exceed the returns you would receive from investing 45% of your funds in New Zealand fixed interest assets and cash, and 55% in global shares through active allocation and active selection of shares and other growth assets, fixed interest and cash assets."

At a glance:

Mindful Fund
Type: Balanced fund
Past Returns: 4.48%

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

Annual Fees: 1.13%

Annual fees, including membership and % management fee.

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More information:

A summary of this fund and it's details.

Number FND554
Name Kiwi Wealth Balanced
Risk profile Balanced fund
Description The Balanced Fund is invested up to 70% in shares and other growth assets, with the remainder in cash and fixed interest assets. Its objective is to exceed the returns you would receive from investing 45% of your funds in New Zealand fixed interest assets and cash, and 55% in global shares through active allocation and active selection of shares and other growth assets, fixed interest and cash assets.
Value $1.6B NZD
Members 77,952
Market index description The market index return is the strategic asset allocation weighted benchmark index return, where the benchmark indicies are defined in the Statement of Investment Policy and Objectives. Additional information about the market index is available on the Disclose offer register at https://disclose-register.companiesoffice.govt.nz/
Disclosure Statement Period Sun Sept. 30th 2018
Fund started Mon Oct. 1st 2007
Three-year average return 4.48%
Market index past year return 9.95%
Past year return net charges and tax 8.68
Past year return net of charges gross of tax 9.45
Market index return since fund started 7.20%
Return since fund started net 5.89%
Total annual fund fees 1.13
Total performance based fees 0.0
Manager's basic fee 1.03
Administration charges 0.1
Total other charges 0.0
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
2018 5.63% 7.47%
2017 6.10% 6.55%
2016 4.01% -0.57%
2015 11.09% 14.78%
2014 7.28% 10.81%
2013 10.75% 8.3%
2012 1.75% 1.53%
2011 5.30% 3.18%
2010 16.19% 7.48%
2009 -10.92% -5.12%

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:

  • Westpac NZD Account
    New Zealand Cash and Equivalents AA-
    6.17%
  • Landwirtschaftliche Rentenbank Bond Due 23/04/2024
    Germany Int Fixed Interest AAA
    1.68%
  • Apple Inc
    United States International Equities
    1.4%
  • Gmo Systematic Global Macro Trust
    Australia Other
    1.39%
  • Kreditanstalt Fuer Wiederaufbau Due 07/03/2023
    Germany Int Fixed Interest AAA
    1.3%
  • Microsoft Corp
    United States International Equities
    1.12%
  • Kommunalbanken As Due 20/08/2025
    Norway Int Fixed Interest AAA
    1.06%
  • Amazon.Com Inc
    United States International Equities
    1.01%
  • Isam Systematic Trend (Class Q)
    United States Other
    1.0%
  • Alphabet Inc - Class C Shares
    United States International Equities
    0.8%

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 22.5% 10.58%
New Zealand Fixed Interest 22.5% 9.72%
International Fixed Interest 0.0% 25.24%
Australasian Equities 0.0% 0.55%
International Equities 55.0% 48.61%
Listed Properties 0.0% 1.41%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 3.89%
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

  • Diana Gordon

    Currently: Head of Fixed Interest - Kiwi Wealth Investments Limited Partnership (6 years, 1 months)
    Previously: Senior High Yield Portfolio Manager, Goldman Sachs Asset Management New York (10 years, 10 months)

  • Greg Hayton

    Currently: Cash Portfolio Manager & Senior Fixed Income Trader - Kiwi Wealth Investments Limited Partnership (8 years, 11 months)
    Previously: Portfolio Administrator - Gareth Morgan Investments Limited Partnership (1 years, 6 months)

  • John Carran

    Currently: Senior Economist - Kiwi Wealth Investments Limited Partnership (7 years, 1 months)
    Previously: Senior Economist - Infometrics Ltd (2 years, 9 months)

  • Nathan Field

    Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (8 years, 4 months)
    Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months)

  • Simon O'Grady

    Currently: Chief Investment Officer - Kiwi Wealth Investments Limited Partnership (5 years, 11 months)
    Previously: Head of Investment Strategy - Suncorp Investment Management (5 years, None months)

  • Steffan Berridge

    Currently: Senior Quantitative Strategist – Kiwi Wealth Investments Limited Partnership (5 years, 0 months)
    Previously: Portfolio Manager - Man Group PLC (9 years, None months)

  • Susan Easton

    Currently: Head of Investment Strategy - Kiwi Wealth Investments Limited Partnership (8 years, 9 months)
    Previously: Investment Strategist - Gareth Morgan Investments Limited Partnership (3 years, 6 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:
    1.20%
  • Animal Testing:
    4.71%
  • Fossil Fuels:
    4.27%
  • Gambling:
    0.20%
  • GMOs:
    0.20%
  • Human Rights & Environmental Violations:
    2.24%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.14%

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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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.