MAS KIWISAVER SCHEME
Balanced fund type
Here's what the provider says about this fund:
The Balanced Fund invests mainly in growth assets with a moderate allocation to income assets. Aims to provide a medium level of return over the medium to long term. Suitable for investors who are prepared to accept a medium level of investment risk to potentially achieve a medium return.
The combined fees are how much you would have been charged for the year ended 31 March 2021 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 $23,500 the annual fees would be approximately:
From the March 2021 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 July 2016
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 2015 - March 2016
April 2014 - March 2015
April 2013 - March 2014
April 2012 - March 2013
April 2011 - March 2012
The last twelve months refers to July 2020 to June 2021.
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 June 2021
This shows the actual mix of investments that this fund held on 30 June 2021. 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 43.3% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|International fixed interest||NZ||23.3||Hunter Global Fixed Interest Fund|
|Cash and cash equivalents||NZ||4.18||Jbwere Premium Custody Call Account - Nzd|
|New Zealand fixed interest||NZ||3.02||Nz Government Bond 15/05/2031|
|International equities||US||2.87||Technology Select Sector Spdr Exchange Traded Fund|
|International equities||US||2.21||Microsoft Corp|
|Australasian equities||NZ||1.97||Infratil Ltd|
|Australasian equities||NZ||1.87||Fisher & Paykel Healthcare Ltd|
|International equities||US||1.44||Spdr S&P Bank Exchange Traded Fund|
|Australasian equities||NZ||1.26||Meridian Energy Limited|
|Australasian equities||NZ||1.18||Mainfreight Ltd|
|Name||Current position||Time in role|
|Bruce Robertson||Portfolio Manager, Jbwere||24 years, 3 months|
|Tom Phillips||Portfolio Manager, Jbwere||16 years, 10 months|
|Earl White||Executive Advisor, Bancorp Treasury||18 years, 5 months|
|Phil Borkin||Senior Strategist, Jbwere||2 years, 6 months|
|Hayden Griffiths||Head Of Asset Allocation, Jbwere||25 years, 2 months|