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ANZ KiwiSaver Scheme

Balanced Fund

ANZ New Zealand Investments Limited

Balanced fund type

Here's what the provider says about this fund:

The Balanced Fund invests in similar amounts of income assets (cash and cash equivalents and fixed interest) and growth assets (equities and listed property). The fund may also invest in alternative assets.The fund aims to achieve a positive yearly return (after the fund charge and before tax) that over the long-term is 3.5% over inflation (allowing for a negative return 4.1 years in every 20).

Considering switching to this fund? Read the must-knows of switching funds before you start the switching process.

Combined fees

This fund
1.18%
vs
Average
1.33%

The combined fees are how much you would have been charged for the year ended 30 June 2017 on the average KiwiSaver balance.

All the averages you see are for this same type of fund, so you’re comparing apples with apples.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$24.00
Average
$29.98

Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.

+ Total fund fees

This fund
0.99%
Average
1.09%
Annual management fee
0.90%
0.90%
Performance-based fees
0.00%
0.00%
Other fees and costs
0.09%
0.18%

Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.

Must-knows of KiwiSaver fees.

Combined fees example

On a balanced fund of $12,700 the annual fees would be approximately:

This fund
$149.73
Average
$168.91

Services

From the June 2017 KiwiSaver provider survey

This fund
90%
vs
Average
81%

We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.

So this rating is more about the quantity than the quality of services. 

Show survey categories

Compare services

Help with investment options

This fund
90%
Average
81%

Communications to members

88%
82%

Other services

90%
79%

Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver. 

More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.

These extras include a range of additional services that are helpful.

Must-knows of KiwiSaver service

Returns

Since April 2012

This fund
7.88%
vs
Average
7.40%

Warning about returns!

These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.

Show yearly returns

Compare past returns

All returns shown are after total fund fees (not membership fees) and tax (28% PIR).

Last twelve months

This fund
5.74%
Average
5.30%

April 2016 - March 2017

5.10%
5.17%

April 2015 - March 2016

3.74%
2.58%

April 2014 - March 2015

12.85%
8.57%

April 2013 - March 2014

7.16%
4.92%

April 2012 - March 2013

11.52%
7.05%

April 2011 - March 2012

3.08%
0.86%

April 2010 - March 2011

5.54%
3.49%

April 2009 - March 2010

16.98%
10.14%

April 2008 - March 2009

-11.21%
-6.29%

The last twelve months refers to July 2016 to June 2017.

In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.

Must-knows of KiwiSaver returns.

More fund details

Balanced fund type

Which is the right type for me?

What’s in this fund

At 30 June 2017

This shows the actual mix of investments that this fund held on 30 June 2017. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.

How this fund invests your money

How this fund invests your money
Cash Bonds Property Shares Other
Assets 13.54 35.83 7.87 42.76 0

Fund information

Number of members
99,910
Total value of fund
$1,701,825,977
Date fund started
01 Oct 2007

More information

More information can be found at:

www.anz.co.nz

Top 10 investments

These assets make up 7.5% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
New Zealand fixed interest NZ 1.19 Nz Govt Stock 6.0% 2021
New Zealand fixed interest NZ 0.97 Nz Govt Stock 5.0% 2019
New Zealand fixed interest NZ 0.75 Nz Govt Stock 5.5% 2023
New Zealand fixed interest NZ 0.75 Nz Govt Stock 4.5% 2027
Listed Property NZ 0.71 Precinct Property Nz Ltd
Cash and cash equivalents NZ 0.64 Bnz Registered Certificate Of Deposit 29/8/17
New Zealand fixed interest NZ 0.63 Nz Govt Stock 6.0% 2017
Listed Property NZ 0.62 Kiwi Income Property Trust
Australasian equities NZ 0.62 Fisher And Paykel Healthcare
Cash and cash equivalents NZ 0.62 Asb Registered Certificate Of Deposit 18/9/17

Key personnel

Key personnel
Name Current position Time in role
Graham Ansell Chief Investment Officer, New Zealand 4 years, 7 months
Stuart Millar Head Of Diversified Portfolio Management 1 years, 11 months
Alan Clarke Senior Mandate Research Manager 1 years, 11 months
Maaike Van Tol Asset Allocation Strategist 1 years, 10 months