Fisher Funds Balanced Fund
Balanced Fund is a balanced KiwiSaver fund managed by Fisher Funds. It has 65,245 members and holds $2.4 billion. It opened in 2007.
Fees and returns
- Annual fee
- 1.04% of your balance each year
- Return over 1 year
- +2.9% a year
- Return over 3 years
- +6.4% a year
- Return over 5 years
- +3.6% 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 +3.6% a year. The median for mainstream balanced funds over the same period was +3.8% a year, across 40 funds. This fund is behind that median, by 0.2 percentage points.
What it invests in
International equities 39%, new zealand fixed interest 20%, international fixed interest 16%, australasian equities 14%.
Largest holdings
- Buy Nzd:Sell Usd 09/06/26 09/06/2026 5.18%
- ANZ 10 A/C - Current Accounts 4.22%
- Buy Nzd:Sell Aud 11/05/26 11/05/2026 3.76%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.9% |
| 2024/25 | +2.7% |
| 2023/24 | +14.0% |
| 2022/23 | −3.3% |
| 2021/22 | +2.4% |
| 2020/21 | +21.6% |
| 2019/20 | −1.6% |
| 2018/19 | +4.4% |
| 2017/18 | +7.5% |
| 2016/17 | +6.6% |
About this fund
The Fisher Funds Balanced Fund is an actively managed balanced fund combining growth and income assets, led by international shares and fixed interest with Australasian shares in the mix. It was formerly part of the Kiwi Wealth KiwiSaver Scheme (which joined Fisher Funds in 2022). It has an annual fund charge of 1.04%.
See how all of Fisher Funds KiwiSaver's funds have performed