WESTPAC KIWISAVER SCHEME
Balanced fund type
Here's what the provider says about this fund:
The Moderate Fund aims to provide moderate returns over the medium term. The fund has a higher benchmark allocation to income assets than to growth assets. Volatility is expected to be higher than the Conservative Fund but lower than the Balanced Fund in the Westpac KiwiSaver Scheme.
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
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
- 02 Jul 2014
Top 10 investments
These assets make up 13.83% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|Other||KY||2.88||K2 Alternative Strategies Nz Portfolio|
|Australasian equities||NZ||1.98||Fisher & Paykel Healthcare Ltd|
|International fixed interest||US||1.57||Us 2Yr Note (Cbt)|
|Australasian equities||NZ||1.52||A2 Milk Company Ltd|
|International fixed interest||US||1.36||Us 5Yr Note (Cbt)|
|New Zealand fixed interest||NZ||1.15||Nz Government Bond 2.75% 15/04/2037|
|Australasian equities||NZ||1||Spark New Zealand Ltd|
|New Zealand fixed interest||NZ||0.85||Nz Government Bond 5.5% 15/04/2023|
|New Zealand fixed interest||NZ||0.78||Nz Government Bond 3% 20/04/2029|
|New Zealand fixed interest||NZ||0.74||Nz Government Bond 4.50% 15/04/2027|
|Name||Current position||Time in role|
|Nigel Jackson||Acting Head Of Investments & Insurance||3 years, 7 months|
|Philip Houghton-Brown||Head Of Investment Solutions||0 years, 1 months|
|Francois Richeboeuf||Senior Portfolio Manager||9 years, 10 months|
|Stephen Hong||Senior Portfolio Manager||8 years, 0 months|
|Angelika Sansom||Investment Analytics Manager||19 years, 1 months|