BNZ KiwiSaver First Home Buyer Fund
BNZ Kiwisaver First Home Buyer Fund is a conservative KiwiSaver fund managed by BNZ. It has 19,129 members and holds $384 million. It opened in 2015.
Fees and returns
- Annual fee
- 0.45% of your balance each year
- Return over 1 year
- +3.4% a year
- Return over 3 years
- +4.4% a year
- Return over 5 years
- +2.6% 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 +2.6% a year. The median for mainstream conservative funds over the same period was +2.2% a year, across 29 funds. This fund is ahead of that median, by 0.4 percentage points.
What it invests in
Cash and cash equivalents 61%, international fixed interest 17%, international equities 10%, new zealand fixed interest 7%.
Largest holdings
- ASB Bank Ltd Registered Certificate of Deposit 03/08/2026 3.92%
- ASB Bank Ltd Registered Certificate of Deposit 10/12/2026 3.88%
- Westpac New Zealand Ltd 3.6%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +3.4% |
| 2024/25 | +4.2% |
| 2023/24 | +5.8% |
| 2022/23 | +0.4% |
| 2021/22 | −0.5% |
| 2020/21 | +4.3% |
| 2019/20 | +1.4% |
| 2018/19 | +2.7% |
| 2017/18 | +3.5% |
| 2016/17 | +3.9% |
About this fund
The BNZ KiwiSaver First Home Buyer Fund is a conservative fund designed for first-home buyers, holding mostly income assets (around 85%) with a small growth allocation (around 15%). It aims for relatively stable returns over a suggested minimum of three years. It has an annual fund charge of 0.45%.