Compare BNZ KiwiSaver Scheme Funds
Find out which of the six BNZ KiwiSaver Scheme investment funds might suit you best.
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 are expected to achieve higher investment returns over the longer term, however you need to be willing to accept more risk.
Cash Fund
No minimum 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 time to invest: 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 time to invest: 3 years
Aims to achieve relatively stable returns over the short to medium term.
Investment asset mix
80% Income / 20% Growth
35% | ![]() |
Cash & cash equivalents |
34% | ![]() |
International fixed interest |
14% | ![]() |
International equities |
11% | ![]() |
New Zealand fixed interest |
6% | ![]() |
Australasian equities |
Moderate Fund
Minimum time to invest: 5 years
Aims to achieve moderate returns over the medium term.
Investment asset mix
65% Income / 35% Growth
41% | ![]() |
International fixed interest |
24% | ![]() |
International equities |
14% | ![]() |
New Zealand fixed interest |
11% | ![]() |
Australasian equities |
10% | ![]() |
Cash & cash equivalents |
Balanced Fund
Minimum time to invest: 7 years
Aims to achieve a medium level of return over the medium to long term.
Investment asset mix
50% Income / 50% Growth
34% | ![]() |
International equities |
34% | ![]() |
International fixed interest |
16% | ![]() |
Australasian equities |
11% | ![]() |
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.
- Our funds that invest in New Zealand fixed interest, may include investment in Australian fixed interest assets of between 0% and 20%, through the underlying funds that BNZ KiwiSaver Scheme funds invest in.
- The fund objectives, target investment mixes, and allowable investment ranges may change from time to time without prior notice to you. The current objectives, target investment mixes and allowable investment ranges are set out in the BNZ KiwiSaver Scheme Statement of Investment Policies and Objectives pdf 90kb.
Fees you can expect to pay
Management fee
The management fee 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 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.
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 October 2019^. 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 | 0.13% | 0.08% | 0.00% | -0.04% | 0.05% | 0.18% |
3 months | 0.43% | 0.92% | 1.26% | 1.61% | 1.83% | 1.99% |
1 year | 2.19% | 5.08% | 7.13% | 9.96% | 11.38% | 12.95% |
3 years (per annum) | 2.33% | 4.30% | 5.28% | 7.26% | 8.80% | 10.84% |
5 years (per annum) | 2.51% | N/A | 5.32% | 6.85% | 7.96% | 9.29% |
Since inception (per annum)^ |
2.67% | 4.23% | 5.27% | 6.77% | 8.01% | 9.45% |
^The five-year returns on the First Home Buyer Fund, are not yet available as the inception date of this fund was 17 September 2015.
Help with choosing a fund
- Use our ‘Fund Finder’ tool to find out which fund might best suit you.
- Call us on 0800 269 5494 to speak with a BNZ Authorised Financial Adviser.
- Read our Product Disclosure Statement PDF 870kb before making any final investment decisions.
BNZ KiwiSaver Scheme help and support
If you need some help call 0800 269 5494