ANZ Balanced Fund
Balanced Fund is a balanced KiwiSaver fund managed by ANZ. It is offered through the ANZ KiwiSaver Scheme. It has 85,203 members and holds $3.7 billion. It opened in 2007.
Fees and returns
- Annual fee
- 0.88% of your balance each year
- Return over 1 year
- +6.5% a year
- Return over 3 years
- +5.6% a year
- Return over 5 years
- +3.0% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned +3.0% a year. The median for mainstream balanced funds over the same period was +3.8% a year, across 39 funds. This fund is behind that median, by 0.8 percentage points.
What it invests in
International equities 35%, international fixed interest 29%, new zealand fixed interest 12%, australasian equities 10%.
Largest holdings
- Receivables 9.46%
- Nvidia Corporation 1.28%
- FNMA 30Yr Conventional 150534 0.00 TBA 1.25%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +6.5% |
| 2024/25 | +2.7% |
| 2023/24 | +7.5% |
| 2022/23 | −3.4% |
| 2021/22 | +1.9% |
| 2020/21 | +18.0% |
| 2019/20 | −1.5% |
| 2018/19 | +5.9% |
| 2017/18 | +5.2% |
| 2016/17 | +5.1% |
About this fund
The Balanced Fund holds similar amounts of income assets (cash and fixed interest) and growth assets (shares, listed property and infrastructure), and may hold some alternative assets. It aims for medium returns with some movement in value. This is the ANZ KiwiSaver Scheme version, managed in-house by ANZ Investments; the same strategy runs in OneAnswer. Annual fund charge: 0.88%.