OneAnswer Balanced Growth Fund
Balanced Growth Fund is a growth KiwiSaver fund managed by ANZ. It is offered through the OneAnswer KiwiSaver Scheme. It has 7,942 members and holds $565 million. It opened in 2007.
Fees and returns
- Annual fee
- 0.92% of your balance each year
- Return over 1 year
- +8.0% a year
- Return over 3 years
- +6.5% a year
- Return over 5 years
- +3.7% 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 +3.7% a year. The median for mainstream growth funds over the same period was +5.1% a year, across 27 funds. This fund is behind that median, by 1.4 percentage points.
What it invests in
International equities 46%, international fixed interest 23%, australasian equities 13%, new zealand fixed interest 8%.
Largest holdings
- Receivables 9.02%
- Nvidia Corporation 1.66%
- Apple Inc 1.48%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +8.0% |
| 2024/25 | +2.5% |
| 2023/24 | +9.0% |
| 2022/23 | −3.7% |
| 2021/22 | +3.2% |
| 2020/21 | +23.6% |
| 2019/20 | −3.3% |
| 2018/19 | +6.8% |
| 2017/18 | +6.4% |
| 2016/17 | +6.5% |
About this fund
The Balanced Growth Fund invests mainly in growth assets (shares, listed property and infrastructure) with some income assets (cash and fixed interest), and may hold some alternative assets. It sits at the lower-growth end of the growth category. It sits in OneAnswer, ANZ's wider self-select scheme for building your own fund mix, and is managed in-house by ANZ Investments; the same strategy runs in the ANZ scheme. Annual fund charge: 0.92%.