ASB Balanced Fund
Balanced Fund is a balanced KiwiSaver fund managed by ASB. It has 101,679 members and holds $4.6 billion. It opened in 2007.
Fees and returns
- Annual fee
- 0.65% of your balance each year
- Return over 1 year
- +9.1% a year
- Return over 3 years
- +8.9% a year
- Return over 5 years
- +4.9% 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 +4.9% a year. The median for mainstream balanced funds over the same period was +3.7% a year, across 40 funds. This fund is ahead of that median, by 1.2 percentage points.
What it invests in
International equities 40%, new zealand fixed interest 22%, international fixed interest 17%, australasian equities 14%.
Largest holdings
- Nvidia Corp 2.24%
- Apple Inc 1.73%
- Fisher & Paykel Healthcare 1.65%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +9.1% |
| 2024/25 | +6.0% |
| 2023/24 | +11.6% |
| 2022/23 | −1.9% |
| 2021/22 | +0.5% |
| 2020/21 | +19.9% |
| 2019/20 | −3.2% |
| 2018/19 | +7.0% |
| 2017/18 | +6.8% |
| 2016/17 | +7.8% |
About this fund
The ASB Balanced Fund holds more growth assets than income (around 58% growth, 42% income), combining international shares with a substantial fixed-interest allocation. Managed on a mainly index-tracking basis, it aims for moderate-to-high returns with matching movements in value over a suggested minimum of six years. It has an annual fund charge of 0.65%.