SBS Wealth Income Fund
Sbs Wealth Income Fund is a defensive KiwiSaver fund managed by SBS. It has 11,595 members and holds $269 million. It opened in 2015.
Fees and returns
- Annual fee
- 0.87% of your balance each year
- Return over 1 year
- +1.4% a year
- Return over 3 years
- +2.4% a year
- Return over 5 years
- +0.3% 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 +0.3% a year. The median for mainstream defensive funds over the same period was +1.7% a year, across 6 funds. This fund is behind that median, by 1.4 percentage points.
What it invests in
International fixed interest 59%, new zealand fixed interest 33%, cash and cash equivalents 8%.
Largest holdings
- Harbour NZ Core Fixed Interest Fund 29.57%
- Dimensional Global Bond Sustainability PIE Fund 27.39%
- iShares Global Aggregate Bond ESG UCITS ETF NZD Hedged 23.17%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +1.4% |
| 2024/25 | +2.9% |
| 2023/24 | +2.9% |
| 2022/23 | −2.7% |
| 2021/22 | −2.8% |
| 2020/21 | +0.1% |
| 2019/20 | +2.0% |
| 2018/19 | +2.4% |
| 2017/18 | +0.5% |
| 2016/17 | +1.5% |
About this fund
The SBS Wealth Income Fund is a defensive income fund built mostly through underlying fixed-interest funds — predominantly cash and fixed interest, and it may also hold some high-dividend shares, listed property and infrastructure. Bond exposure means its value can move with interest rates. Suggested for a minimum timeframe of two years, it has operated since 2015 and carries an annual fund charge of 0.87%.