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:
Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee.
Switching funds is easy, quick and free (except one provider charges an exit fee)
A summary of this fund and it's details.
|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.|
|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|
|Total other charges||0.0|
|Total other charges currency||NZD|
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|
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 AAA1.68%
United States International Equities1.4%
Gmo Systematic Global Macro Trust
Kreditanstalt Fuer Wiederaufbau Due 07/03/2023
Germany Int Fixed Interest AAA1.3%
United States International Equities1.12%
Kommunalbanken As Due 20/08/2025
Norway Int Fixed Interest AAA1.06%
United States International Equities1.01%
Isam Systematic Trend (Class Q)
United States Other1.0%
Alphabet Inc - Class C Shares
United States International Equities0.8%
How the money in this fund is invested.
|Cash and Cash Equivalents||22.5%||10.58%|
|New Zealand Fixed Interest||22.5%||9.72%|
|International Fixed Interest||0.0%||25.24%|
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)
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)
Currently: Senior Economist - Kiwi Wealth Investments Limited Partnership (7 years, 1 months)
Previously: Senior Economist - Infometrics Ltd (2 years, 9 months)
Currently: Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership (8 years, 4 months)
Previously: Senior Equity Analyst - ABN Amro, Sydney (4 years, 6 months)
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)
Currently: Senior Quantitative Strategist – Kiwi Wealth Investments Limited Partnership (5 years, 0 months)
Previously: Portfolio Manager - Man Group PLC (9 years, None months)
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)
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.
Human Rights & Environmental Violations:2.24%
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?
Human Rights & Environmental Violations:
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.