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BNZ KIWISAVER SCHEME

BNZ KIWISAVER MODERATE FUND

Balanced fund type

Here's what the provider says about this fund:

The Moderate Fund invests mostly in income assets which have lower levels of risks and returns. It also has a sizeable allocation to growth assets which have higher risks and returns. It aims to achieve moderate returns over the medium term.

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

Combined fees

This fund
1.04%
vs
Average
1.19%

The combined fees are how much you would have been charged for the year ended 31 March 2019 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
$23.40
Average
$29.30

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
0.90%
Average
1.01%
Annual management fee
0.90%
0.90%
Performance-based fees
0.00%
0.01%
Other fees and costs
0.00%
0.16%

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 $17,000 the annual fees would be approximately:

This fund
$176.40
Average
$202.30

Services

From the May 2019 KiwiSaver provider survey

This fund
88%
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
79%
Average
77%

Communications to members

100%
84%

Other services

80%
82%

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 July 2014

This fund
5.69%
vs
Average
6.47%

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
4.87%
Average
5.56%

April 2018 - March 2019

4.43%
5.50%

April 2017 - March 2018

5.79%
4.86%

April 2016 - March 2017

6.83%
4.91%

April 2015 - March 2016

1.48%
2.65%

April 2014 - March 2015

9.67%
7.81%

April 2013 - March 2014

4.93%
3.94%

The last twelve months refers to July 2018 to June 2019.

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 31 March 2019

This shows the actual mix of investments that this fund held on 31 March 2019. 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 11.7 52.98 0 35.32 0

Fund information

Number of members
32,740
Total value of fund
$451,921,489
Date fund started
11 Feb 2013

More information

More information can be found at:

Top 10 investments

These assets make up 37.98% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents NZ 10.95 Nikko Am Wholesale Nz Cash Fund Two
New Zealand fixed interest NZ 6.43 Harbour Nz Core Fixed Interest Whs
New Zealand fixed interest NZ 6.43 Amp Capital Nz Fixed Interest Pie
Australasian equities NZ 5.77 Mint Core Equities Fund
Australasian equities NZ 5.4 Nikko Am Wholesale Core Equity Fund
International fixed interest JP 0.74 Japan (Government Of) 10Yr #344 0.1 09/20/2026
Cash and cash equivalents NZ 0.68 Nzd Cash Deposit (Bnz)
International fixed interest JP 0.55 Japan (Government Of) 5Yr #139 0.1 03/20/2024
International equities US 0.54 Microsoft Corporation
International equities US 0.49 Apple Inc

Key personnel

Key personnel
Name Current position Time in role
Richard Morath Director, Bnz Investment Services Limited 6 years, 0 months
Xiaohui Zang Director, Bnz Investment Services Limited 1 years, 4 months
Richard Ansell Director, Bnz Investment Services Limited 0 years, 4 months
Hayley Cassidy [New] Director, Bnz Investment Services Limited 0 years, 2 months