Our investment fund options
The BNZ KiwiSaver Scheme has a choice of six funds to invest in, each offering a different level of potential return depending on the types of assets the funds are invested in, and the amount of risk you’re willing to take.
Growth assets^ will typically experience larger movements in value compared to income assets^, so they have the potential to achieve higher investment returns over the longer term, however you need to be willing to accept more risk.
Cash Fund
No minimum suggested investment timeframe
Aims to achieve stable returns over the short term.
Investment asset mix
100% Income
100% | Cash & cash equivalents |
First Home Buyer Fund
Minimum suggested investment timeframe: 3 years
Aims to achieve relatively stable returns over the short to medium term.
Investment asset mix
85% Income / 15% Growth
60% | Cash & cash equivalents |
|
19% | International fixed interest | |
10% | International equities | |
6% | New Zealand fixed interest |
|
5% | Australasian equities |
Conservative Fund
Minimum suggested investment timeframe: 3 years
Aims to achieve relatively stable returns over the short to medium term.
Investment asset mix
80% Income / 20% Growth
41% | International fixed interest | |
25% | Cash & cash equivalents | |
14% | New Zealand fixed interest | |
13% | International equities |
|
7% | Australasian equities |
Moderate Fund
Minimum suggested investment timeframe: 5 years
Aims to achieve moderate returns over the medium term.
Investment asset mix
60% Income / 40% Growth
34% | International fixed interest | |
27% | International equities | |
15% | Cash & cash equivalents |
|
13% | Australasian equities |
|
11% | New Zealand fixed interest |
Balanced Fund
Minimum suggested investment timeframe: 7 years
Aims to achieve a medium level of return over the medium to long term.
Investment asset mix
40% Income / 60% Growth
40% | International equities | |
26% | International fixed interest | |
20% | Australasian equities |
|
9% | New Zealand fixed interest |
|
5% | Cash & cash equivalents |
About the mix of our investments
- The actual investment mixes may vary, depending on market movements and other factors, within allowable investment ranges.
- The fund objectives, target investment mixes, and allowable investment ranges may change from time to time without prior notice to you. The objectives, target investment mixes, and allowable investment ranges are set out in the current BNZ KiwiSaver Scheme Statement of Investment Policies and Objectives (SIPO) PDF 87KB
Management fee
The management fee is the only fee you’ll pay with the BNZ KiwiSaver Scheme. It is used to pay for the management of each fund’s assets, including underlying investment costs, the Supervisor’s fee and administration costs of the Funds (such as audit fees, registry services and unit pricing and accounting services).
The management fee is calculated as a percentage of the net asset value of each Fund, and is already deducted from your investment, so returns will be reduced. You don’t need to pay this separately and it doesn’t appear as a transaction on your account. More about how our fees work
Fund | Management fee |
---|---|
Cash Fund | 0.30% p.a. |
First Home Buyer Fund | 0.50% p.a. |
Conservative Fund | 0.50% p.a. |
Moderate Fund | 0.58% p.a. |
Balanced Fund | 0.58% p.a. |
Growth Fund | 0.58% p.a. |
How our funds are tracking
BNZ KiwiSaver Scheme fund performance to 31 December 2020^. Returns are calculated after deducting Management Fees and before deducting tax.
Cash Fund | First Home Buyer Fund | Conservative Fund | Moderate Fund | Balanced Fund | Growth Fund | |
---|---|---|---|---|---|---|
1 month | 0.00% | 0.38% | 0.52% | 1.05% | 1.57% | 2.11% |
3 months | 0.05% | 1.21% | 1.61% | 3.30% | 4.90% | 6.75% |
1 year | 0.94% | 3.39% | 4.81% | 7.47% | 9.37% | 11.29% |
3 years (per annum) | 1.78% | 3.53% | 4.58% | 6.52% | 7.93% | 9.56% |
5 years (per annum) | 2.10% | 4.09% | 5.27% | 7.25% | 8.70% | 10.43% |
Since inception (per annum)^ |
2.42% | 4.03% | 5.17% | 6.85% | 8.24% | 9.85% |