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ASB KIWISAVER SCHEME

BALANCED FUND

Balanced fund type

Here's what the provider says about this fund:

To provide moderate to high total returns allowing for moderate to high movements of value up and down. The number of years with negative returns are generally expected to be higher than the Moderate Fund but lower than the Growth Fund in the ASB KiwiSaver Scheme. We manage asset allocation and currency hedging over the medium to long term relative to the target investment mix. We focus on cost effective management. The Balanced Fund invests in income and growth assets with a target investment mix of 40% income assets and 60% growth assets.

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

Combined fees

This fund
0.80%
vs
Average
1.14%

The combined fees are how much you would have been charged for the year ended 31 March 2020 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
$30.00
Average
$27.11

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
0.65%
Average
1.01%
Annual management fee
0.65%
0.87%
Performance-based fees
0.00%
0.01%
Other fees and costs
0.00%
0.15%

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 $20,300 the annual fees would be approximately:

This fund
$161.95
Average
$231.42

Services

From the September 2020 KiwiSaver provider survey

This fund
90%
vs
Average
82%

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
83%
Average
85%

Communications to members

93%
85%

Other services

93%
74%

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 October 2015

This fund
6.88%
vs
Average
5.92%

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.

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Compare past returns

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

Last twelve months

This fund
2.40%
Average
3.36%

April 2019 - March 2020

-3.18%
-1.34%

April 2018 - March 2019

6.97%
5.10%

April 2017 - March 2018

6.79%
4.49%

April 2016 - March 2017

7.84%
4.31%

April 2015 - March 2016

3.53%
2.32%

April 2014 - March 2015

12.92%
6.81%

April 2013 - March 2014

7.11%
3.43%

April 2012 - March 2013

9.69%
4.91%

April 2010 - March 2011

6.27%
2.54%

The last twelve months refers to October 2019 to September 2020.

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 September 2020

This shows the actual mix of investments that this fund held on 30 September 2020. 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 4.56 34.64 1.02 59.78 0

Fund information

Number of members
80,397
Total value of fund
$2,156,826,620
Date fund started
02 Oct 2007

More information

More information can be found at:

Top 10 investments

These assets make up 16.11% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Australasian equities NZ 3.01 Fisher & Paykel Healthcare Corporation Ltd
Cash and cash equivalents NZ 2.89 Asb Bank Account Nzd
Australasian equities NZ 1.85 A2 Milk Co Ltd
Cash and cash equivalents NZ 1.78 Westpac Money Market Deposit Account Nzd
Australasian equities NZ 1.38 Auckland International Airport Ltd
Australasian equities NZ 1.35 Spark New Zealand Ltd
International equities US 1 Apple Inc
Australasian equities AU 0.99 Csl Ltd
Australasian equities NZ 0.96 Meridian Energy Ltd
Australasian equities NZ 0.9 Ryman Healthcare Ltd

Key personnel

Key personnel
Name Current position Time in role
Nigel Annett Investment Committee Member 6 years, 6 months
Jonathan Beale Investment Committee Member 6 years, 1 months
Adam Boyd Investment Committee Member 4 years, 4 months
Graeme Edwards Investment Committee Chairman 0 years, 11 months
John Smith Investment Committee Member 9 years, 4 months