Compare BNZ KiwiSaver Scheme Funds

Find out which of the six BNZ KiwiSaver Scheme investment funds might suit you best.

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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.

line little sapling

Cash Fund

No minimum investment timeframe

Aims to achieve stable returns over the short term.

Investment asset mix
100% Income

graph conservative fund

100% inline greencircle Cash & cash equivalents
line home buyer

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

graph conservative fund

60% inline greencircle Cash & cash equivalents
19% inline aquacircle International fixed interest
10% inline bluecircle International equities
6% inline mintcircle New Zealand fixed interest
5% inline tealcircle Australasian equities
line seedling

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

graph conservative fund

35% inline greencircle Cash & cash equivalents
34% inline aquacircle International  fixed interest
14% inline bluecircle International equities
11% inline mintcircle New Zealand fixed interest
6% inline tealcircle Australasian equities
line pot plant

Moderate Fund

Minimum time to invest: 5 years

Aims to achieve moderate returns over the medium term.

Investment asset mix
65% Income / 35% Growth

Moderate Fund

41% inline aquacircle International fixed interest
24% inline bluecircle International equities
14% inline mintcircle New Zealand fixed interest
11% inline tealcircle Australasian equities
10% inline greencircle Cash & cash equivalents
line tree

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

Balanced Fund

34% inline bluecircle International equities
34% inline aquacircle International fixed interest
16% inline tealcircle Australasian equities
11% inline mintcircle New Zealand fixed interest
5% inline greencircle Cash & cash equivalents
line fruit tree

Growth Fund

Minimum time to invest: 10 years

Aims to achieve higher returns over the long term.

Investment asset mix
30% Income / 70% Growth

Growth Fund

46% inline bluecircle International equities
24% inline tealcircle Australasian equities
19% inline aquacircle International fixed interest
6% inline mintcircle New Zealand fixed interest
5% inline greencircle 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.

FundManagement 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 May 2019^. Returns are calculated after deducting Management Fees and before deducting tax. 

 Cash FundFirst Home Buyer Fund^Conservative FundModerate FundBalanced FundGrowth Fund
1 month 0.21% 0.01% 0.07% -0.19% -0.64% -1.25%
3 months 0.61% 1.42% 2.02% 2.80% 3.10% 3.40%
1 year 2.38% 3.47% 4.35% 5.42% 5.83% 6.28%
3 years (per annum) 2.44% 4.08% 4.86% 6.50% 7.71% 9.37%
5 years (per annum) 2.64% N/A 5.29% 6.65% 7.63% 8.78%
Since inception (per annum)^
 2.72% 4.08% 5.10% 6.47% 7.63% 9.00%

^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

Unit prices

Your investment in the BNZ KiwiSaver Scheme is measured in ‘units’ in the fund(s) that you choose to invest in. Your contributions to the Scheme buy units in the fund(s) you have selected at what is known as a ‘unit price’. Each unit represents a share of the fund assets.