- Provider website
- Fund start date
02 October 2007
Mix help
61.76%
Growth assets (shares, property, other)
38.24%
Income assets (bonds, cash)
53.13%
Growth assets average
Average
46.87%
Income assets average
This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 31 March 2025. The average mix for balanced KiwiSaver funds is in grey.
Fees help
0.65%
Average 0.92%
Fees shown here (in purple) are based on what you would pay over a year if you had $30,000 in this fund. Compare with the average fees for balanced KiwiSaver funds (in grey).
Returns help
6.94%
Average 5.83%
Returns (in green) show how much this fund has grown in value in five years up to 31 March 2025 – after fees and taxes. Compare with the average balanced KiwiSaver fund (in grey).
Key facts
Here is what the provider says about this managed 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 42% income assets and 58% growth assets. ”
When can you get your money out?
This is a KiwiSaver fund, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
Mix
61.76%
Growth assets (shares, property, other)
38.24%
Income assets (bonds, cash)
53.13%
Growth assets average
Average
of all balanced KiwiSaver funds
46.87%
Income assets average
This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held on 31 March 2025.
You can also see the average for Balanced funds, which typically hold from 35% to 63% of growth assets.
This fund's asset mix
- Growth assets
- Income assets
- ASSET TYPE
- THIS FUND
- AVERAGE OF ALL BALANCED KIWISAVER FUNDS
55.03%
55.03%
48.60%
48.60%
0.00%
0.00%
2.51%
2.51%
6.73%
6.73%
2.02%
2.02%
36.07%
36.07%
38.05%
38.05%
2.17%
2.17%
8.82%
8.82%
Top 10 investments
These assets make up 14.85% of this fund.
| Asset | Asset class | Type | Country | % of Fund |
|---|---|---|---|---|
| ISHARES PHYSICAL GOLD ETC | Other | Commodities | IE | 2.09% |
| APPLE INC | Shares | International equities | US | 1.78% |
| FISHER & PAYKEL HEALTHCARE | Shares | Australasian equities | NZ | 1.58% |
| NVIDIA CORP | Shares | International equities | US | 1.55% |
| NEW ZEALAND GOVERNMENT 200429 3.0 GB | Bonds | New Zealand fixed interest | NZ | 1.51% |
| MICROSOFT CORP | Shares | International equities | US | 1.50% |
| NEW ZEALAND GOVERNMENT 150427 4.50 GB | Bonds | New Zealand fixed interest | NZ | 1.41% |
| AUCKLAND INTERNATIONAL AIRPORT LTD | Shares | Australasian equities | NZ | 1.20% |
| NEW ZEALAND GOVERNMENT 140433 3.50 GB | Bonds | New Zealand fixed interest | NZ | 1.14% |
| NEW ZEALAND GOVT 200935 2.50 INDEXED BOND | Bonds | New Zealand fixed interest | NZ | 1.09% |
Full list of investments this fund holds
ASB KiwiSaver Scheme - Balanced Fund - Full Portfolio Holdings - 31 March 2025.xlsx
A complete list of the fund's holdings
Fees
0.65%
This fund
0.92%
Average balanced KiwiSaver funds
0.65%
Average 0.92%
Fees shown here (in purple) are based on what you would pay over a year if you had $30,000 in this fund. You can compare these with fees for the average balanced KiwiSaver fund (in grey).
Fees breakdown
Here's a breakdown of the different charges in this fund (in purple), compared to the average balanced KiwiSaver fund (in grey).
| Fee Type | % Over a Year | Amount Paid on a 30K Balance |
|---|---|---|
ManagementThis fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance. | 0.65% AVG: 0.79% | $195.00 AVG: $235.99 |
OtherThis is a summary of other potential costs not covered in the categories displayed. | 0.00% AVG: 0.08% | $0.00 AVG: $22.52 |
Performance-basedThese fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher. | None AVG: 0.00% | $0.00 AVG: $0.83 |
MembershipYou pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance. | 0.00% AVG: 0.05% | $0.00 AVG: $15.78 |
Total combined feesThese are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing. | 0.65% AVG: 0.92% | $195.00 AVG: $275.12 |
Returns
6.94%
This fund
5.83%
Average balanced KiwiSaver funds
6.94%
Average 5.83%
For the past five years, this fund returned this average each year to investors (in green). This was after fees and taxes (28% PIR) were taken out. To compare, you can see the average return over the same time for all balanced KiwiSaver funds (in grey).
Yearly returns
These annual returns (in green) were for the 12 months up to 31 March 2025. You can compare them to the average balanced KiwiSaver fund (in grey).
March
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
This fund
3.53%
7.84%
6.79%
6.97%
-3.18%
19.92%
0.52%
-1.91%
11.61%
5.99%
Average
3.82%
6.07%
5.53%
5.70%
-1.51%
17.90%
0.93%
-2.76%
10.86%
4.31%
Risks
Specific risks for this fund
Chasing higher returns while investing always increases risks. Several kinds of risks, actually. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it's important to understand how it works.
You'll find the specific risks in the Risk section of the PDS, and here's more about understanding risk.
ASB KiwiSaver Scheme - Product Disclosure Statement - 17 September 2024.pdf
How this investment works, including about the provider, risks, costs and potential returns
Risk indicator
This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund's five-year performance (or an appropriate market index if it has not been around that long).
The left side of this range of numbers indicates a Lower risk
The right side of this range of numbers indicates a Higher risk
- 1
- 2
- 3
- 4
- 5
- 6
- 7
The left side of this range of numbers indicates
Potentially
lower returns
The right side of this range numbers indicates
Potentially
higher
returns
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
ASB KiwiSaver Scheme - Product Disclosure Statement - 17 September 2024.pdf
How this investment works, including about the provider, risks, costs and potential returns
Fund update (most recent)
This update from the provider lets you see much of the same information shown here in Smart Investor: how this fund is performing, what it costs and the investments it currently holds.
ASB KiwiSaver Scheme - Balanced Fund - Fund Update - 31 March 2025.pdf
The quarterly update published by the provider
Complete asset portfolio
Browse through the complete list of investments held by this fund.
ASB KiwiSaver Scheme - Balanced Fund - Full Portfolio Holdings - 31 March 2025.xlsx
A complete list of the fund's holdings
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
ASB KiwiSaver Scheme - Other Material Information - 28 September 2018.pdf
ASB KiwiSaver Scheme Other Material Information 25 July 2019.pdf
ASB KiwiSaver Scheme Other Material Information 26 June 2020.pdf
ASB KiwiSaver Scheme Other Material Information 29 June 2021.pdf
ASB KiwiSaver Scheme Other Material Information 28 Sept 2021.pdf.pdf
ASB KiwiSaver Scheme OMI 23 June 2022.pdf
ASB Responsible Investment Policy.pdf
ASB KiwiSaver Scheme OMI 14 December 2022.pdf
ASB KiwiSaver Scheme - Other Material Information - 25 July 2023.pdf
ASB KiwiSaver Scheme - Other Material Information - 22 November 2023.pdf
ASB KiwiSaver Scheme - Other Material Information - 26 June 2024.pdf
ASB KiwiSaver Scheme - Other Material Information - 17 September 2024.pdf
Statement of investment policy and objectives (SIPO)
A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.
ASB KiwiSaver Scheme SIPO 10 March 2025.pdf
Strategies and objectives for this investment
Key personnel
These are the directors and employees who have the most influence on investment decisions for this fund.
| Name | Current position | Time in role |
|---|---|---|
| FRANK JASPER | Investment Committee member | 2 years, 8 months |
| JAX MITCHELL | Investment Committee member | 2 years, 5 months |
| STEPHEN MOIR | Investment Committee Chairman | 1 year, 10 months |
| JONATHAN ORAM | Investment Committee member | 11 months |
| JUSTINE SEFTON | Investment Committee member | 2 years, 8 months |
Additional details
Manager details
Name
ASB GROUP INVESTMENTS LIMITED
Type
NZ Limited Company
Website
NZBN
9429039025791
FSP Number
Supervisor
Name
PUBLIC TRUST
Fund details
Asset liquidity ratio help
100.00%
Total value of fund help
$4,015,286,609.79
Continuous issue help
Yes
Default KiwiSaver help
No
Lifecycle option help
No
Multi-fund option help
No
Schedule 1 exemption help
No
FMA exemption help
No
Number of members
99,281
Reference numbers
Fund
FND531: BALANCED FUND
Offer
OFR10679: ASB KIWISAVER SCHEME
Scheme
SCH10678: ASB KIWISAVER SCHEME
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Fund update (most recent)
These are provided to members of the fund (usually once each quarter) to update them on its performance.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. asb.co.nz