BNZ KiwiSaver Default Fund
BNZ Kiwisaver Default Fund is a balanced KiwiSaver fund managed by BNZ. It has 65,739 members and holds $844 million. It opened in 2021.
Fees and returns
- Annual fee
- 0.35% of your balance each year
- Return over 1 year
- +8.4% a year
- Return over 3 years
- +8.5% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
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 3.37%
- Auckland International Airport Ltd 2.09%
- NVIDIA Corp 1.92%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +8.4% |
| 2024/25 | +5.6% |
| 2023/24 | +11.6% |
| 2022/23 | −2.3% |
About this fund
The BNZ KiwiSaver Default Fund is a default-scheme option with the same growth-leaning balanced mix and objective as BNZ's Balanced Fund — largely growth assets with a sizeable income allocation. It aims for a medium level of return over a suggested minimum of seven years. Launched in 2021, it has an annual fund charge of 0.35%.