JMI Wealth Balanced Fund
Balanced Fund is a balanced KiwiSaver fund managed by JMI Wealth. It has 69 members and holds $3 million. It opened in 2020.
Fees and returns
- Annual fee
- 1.23% of your balance each year
- Return over 1 year
- +7.1% a year
- Return over 3 years
- +7.1% a year
- Return over 5 years
- +3.8% 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 +3.8% 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 0.1 percentage points.
What it invests in
International equities 32%, australasian equities 22%, new zealand fixed interest 18%, international fixed interest 13%.
Largest holdings
- Schroder Sustainable Global Core PIE Fund Hedged 8.82%
- NZD Cash Account (ANZ Bank) 5.54%
- Schroder Sustainable Global Core PIE Fund 5.4%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +7.1% |
| 2024/25 | +3.6% |
| 2023/24 | +10.9% |
| 2022/23 | −3.6% |
| 2021/22 | +1.7% |
About this fund
The JMI Wealth Balanced Fund is a balanced fund that invests through a selection of underlying managers rather than holding assets directly, spreading roughly similar proportions across income assets — cash and fixed interest — and growth assets such as New Zealand, Australian and international shares. It is designed for an investment horizon of at least five years and carries an annual fund charge of 1.23%.