Pie Funds PIE KiwiSaver Balanced Fund
PIE Kiwisaver Balanced Fund is a balanced KiwiSaver fund managed by Pie Funds. It has 1,361 members and holds $58 million. It opened in 2018.
Fees and returns
- Annual fee
- 0.89% of your balance each year
- Return over 1 year
- +12.0% a year
- Return over 3 years
- +9.4% a year
- Return over 5 years
- +2.1% 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 +2.1% 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 1.7 percentage points.
What it invests in
International equities 49%, international fixed interest 17%, australasian equities 12%, new zealand fixed interest 12%.
Largest holdings
- Pie Global Growth 2 Fund 36.48%
- Pie Fixed Income Fund 30.42%
- Pie Property & Infrastructure Fund 12.44%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +12.9% |
| 2024/25 | +2.1% |
| 2023/24 | +13.8% |
| 2022/23 | −2.4% |
| 2021/22 | −10.7% |
| 2020/21 | +27.1% |
| 2019/20 | +5.6% |
About this fund
The Pie KiwiSaver Balanced Fund is an actively managed, growth-leaning balanced fund that invests in equities with a reasonable allocation to fixed interest, held directly and through other funds managed by Pie Funds. It is run by Pie Funds, a New Zealand-owned boutique active manager. Aiming for steady capital growth over a minimum timeframe of five years, it has operated since 2018 and carries an annual fund charge of 0.89%.