Westpac Balanced Fund
Balanced Fund is a balanced KiwiSaver fund managed by Westpac. It has 78,311 members and holds $2.3 billion. It opened in 2007.
Fees and returns
- Annual fee
- 0.50% of your balance each year
- Return over 1 year
- +8.7% a year
- Return over 3 years
- +8.1% 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 40%, international fixed interest 22%, australasian equities 15%, new zealand fixed interest 14%.
Largest holdings
- Cash and cash equivalents 2.54%
- NVIDIA Corporation 2.14%
- Fisher & Paykel Healthcare Ltd 1.79%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +8.7% |
| 2024/25 | +5.0% |
| 2023/24 | +10.8% |
| 2022/23 | −2.8% |
| 2021/22 | −0.7% |
| 2020/21 | +20.8% |
| 2019/20 | −2.3% |
| 2018/19 | +5.7% |
| 2017/18 | +7.9% |
| 2016/17 | +5.6% |
About this fund
The Westpac Balanced Fund is a diversified balanced fund with a higher target allocation to growth assets than income — around three-fifths growth — combining international and Australasian shares with fixed interest. It uses BT Funds' blended active and passive approach, managed under a responsible-investment policy. It has operated since 2007 and carries an annual fund charge of 0.5%.