Mercer Balanced Fund
Balanced Fund is a balanced KiwiSaver fund managed by Mercer. It has 3,003 members and holds $123 million. It opened in 2015.
Fees and returns
- Annual fee
- 0.80% of your balance each year
- Return over 1 year
- +8.3% a year
- Return over 3 years
- +7.5% a year
- Return over 5 years
- +4.0% 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 +4.0% 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 0.3 percentage points.
What it invests in
International equities 43%, international fixed interest 24%, australasian equities 13%, new zealand fixed interest 11%.
Largest holdings
- Nvidia Corp 2.08%
- Fisher & Paykel Healthcare Corporation Limited 2.06%
- Apple Inc 1.91%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +8.3% |
| 2024/25 | +4.9% |
| 2023/24 | +9.4% |
| 2022/23 | −3.9% |
| 2021/22 | +1.8% |
| 2020/21 | +17.9% |
| 2019/20 | −3.1% |
| 2018/19 | +4.9% |
| 2017/18 | +6.3% |
| 2016/17 | +6.9% |
About this fund
The Balanced Fund is a diversified balanced fund on Mercer's multi-manager structure, investing mainly in growth assets such as shares and real assets with about 40% in defensive assets such as fixed interest and cash. It is managed by Mercer. It has operated since 2015 and carries an annual fund charge of 0.8%.