Fisher Funds Balanced Strategy
Balanced Strategy is a balanced KiwiSaver fund managed by Fisher Funds. It has 33,697 members and holds $1.3 billion. It opened in 2009.
Fees and returns
- Annual fee
- 1.00% of your balance each year
- Return over 1 year
- +2.3% a year
- Return over 3 years
- +6.0% a year
- Return over 5 years
- +2.9% 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 +2.9% 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 0.9 percentage points.
What it invests in
International equities 37%, australasian equities 17%, new zealand fixed interest 17%, international fixed interest 13%.
Largest holdings
- ANZ 10 A/C - Current Accounts 6.13%
- Buy Nzd:Sell Aud 11/05/26 11/05/2026 3.9%
- Buy Usd:Sell Nzd 30/06/26 30/06/2026 2.89%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +2.3% |
| 2024/25 | +2.8% |
| 2023/24 | +13.1% |
| 2022/23 | −3.2% |
| 2021/22 | +0.1% |
| 2020/21 | +19.6% |
| 2019/20 | +0.1% |
| 2018/19 | +7.3% |
| 2017/18 | +6.7% |
| 2016/17 | +6.7% |
About this fund
The Fisher Funds Balanced Strategy invests across the Fisher Conservative and Growth funds (around one-third / two-thirds), automatically rebalanced each year to a target mix, giving a balanced growth-and-income exposure. It is part of Fisher's original in-house scheme. It has an annual fund charge of 1.00%.
See how all of Fisher Funds KiwiSaver's funds have performed