BNZ KiwiSaver Balanced Fund
BNZ Kiwisaver Balanced Fund is a balanced KiwiSaver fund managed by BNZ. It has 25,636 members and holds $967 million. It opened in 2013.
Fees and returns
- Annual fee
- 0.45% of your balance each year
- Return over 1 year
- +7.8% a year
- Return over 3 years
- +8.3% a year
- Return over 5 years
- +4.4% 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 +4.4% 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 0.7 percentage points.
What it invests in
International equities 40%, international fixed interest 25%, australasian equities 20%, new zealand fixed interest 10%.
Largest holdings
- Fisher & Paykel Healthcare Ltd 3.23%
- Infratil Ltd 1.97%
- NVIDIA Corp 1.92%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +7.8% |
| 2024/25 | +5.5% |
| 2023/24 | +11.7% |
| 2022/23 | −2.4% |
| 2021/22 | +0.1% |
| 2020/21 | +16.7% |
| 2019/20 | +0.8% |
| 2018/19 | +5.3% |
| 2017/18 | +7.1% |
| 2016/17 | +8.5% |
About this fund
The BNZ KiwiSaver Balanced Fund invests largely in growth assets with a sizeable allocation to income assets, giving a growth-leaning balanced mix of international and Australasian shares plus fixed interest. It aims for a medium level of return over a suggested minimum of seven years. It has an annual fund charge of 0.45%.