KIWI WEALTH KIWISAVER SCHEME
Balanced fund type
Here's what the provider says about this fund:
The Balanced Fund is invested up to 70% in shares and othergrowth assets, with the remainder in cash and fixed interestassets. Its objective is to exceed the returns you would receivefrom investing 45% of your funds in New Zealand fixedinterest assets and cash, and 55% in global shares throughactive allocation and active selection of shares and othergrowth assets, fixed interest and cash assets.
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.
Combined fees include
Membership fees per year
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
Annual management fee
Other fees and costs
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.
Combined fees example
On a balanced fund of $20,300 the annual fees would be approximately:
From the September 2020 KiwiSaver provider survey
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.
Help with investment options
Communications to members
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.
Since October 2015
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.
Compare past returns
Last twelve months
April 2019 - March 2020
April 2018 - March 2019
April 2017 - March 2018
April 2016 - March 2017
April 2015 - March 2016
April 2014 - March 2015
April 2013 - March 2014
April 2012 - March 2013
April 2011 - March 2012
April 2010 - March 2011
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.
More fund details
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
- Number of members
- Total value of fund
- Date fund started
- 01 Oct 2007
Top 10 investments
These assets make up 16.51% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|Cash and cash equivalents||NZ||2.91||Westpac Nzd Account|
|International equities||US||2.15||Apple Inc.|
|New Zealand fixed interest||NZ||1.88||New Zealand Local Government Funding Agency Bond 14/4/2033|
|International equities||US||1.71||Microsoft Corp|
|New Zealand fixed interest||NZ||1.5||New Zealand Local Government Funding Agency Bond 15/4/2027|
|International equities||US||1.4||Amazon.Com Inc|
|International fixed interest||DE||1.33||Landwirtschaftliche Rentenbank 23/4/2024|
|International fixed interest||NO||1.24||Kommunalbanken As 20/8/2025|
|New Zealand fixed interest||NZ||1.22||Housing New Zealand Ltd 18/10/2028|
|New Zealand fixed interest||NZ||1.17||New Zealand Government Bond - 15/5/2041|
|Name||Current position||Time in role|
|Simon O'Grady||Chief Investment Officer - Kiwi Wealth Investments Limited Partnership||7 years, 11 months|
|Diana Gordon||Head Of Fixed Interest - Kiwi Wealth Investments Limited Partnership||8 years, 1 months|
|Nathan Field||Portfolio Manager, Equities - Kiwi Wealth Investments Limited Partnership||10 years, 4 months|
|Steffan Berridge||Head Of Quantitative Strategy - Kiwi Wealth Investments Limited Partnership||7 years, 0 months|