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KiwiSaver fund updates

Changes to the BNZ KiwiSaver Scheme 

New  Statement of Investment Policy and Objectives (SIPO) 

The Statement of Investment Policy and Objectives (SIPO) PDF 94KB for the BNZ KiwiSaver Scheme was updated on 1 September 2017, reflecting changes to:

  • The allowable investment ranges for each of the BNZ KiwiSaver Scheme funds (except the Cash Fund); and
  • the currency hedging range for International Equities, which is now between 0 – 100%.

With the aim of protecting the Funds from downside risk and improving performance, we (‘the Manager’) may move away from the target investment mixes and/or 50% currency hedging level, from time-to-time, within these allowable ranges.

We also updated the name of the International Fixed Interest asset class Benchmark Index to Bloomberg Barclays Global Aggregate Index (100% hedged to New Zealand dollars).

Underlying investment fund – international equities

In March 2017, the underlying investment fund we use for international equities changed from the Russell Global Opportunities Fund to the JANA Multi-Manager Global Share Trust. Investments in international equities excludes investments in companies involved in the manufacture of tobacco or tobacco-related products, as well as cluster munitions, anti-personnel mines, and nuclear armaments. 

Fund updates

Important notes about the BNZ KiwiSaver Scheme quarterly fund updates.

We have prepared this information in accordance with the Financial Markets Conduct Act 2013 (FMCA). This information is not audited and may be updated.

The FMCA requires these quarterly fund updates to contain fee information for the 12 month period ending 31 March 2016 and return information depending on the date which each fund update is prepared.

Fund updates for the period to 30 September 2017

Cash Fund PDF 767KB
First Home Buyer Fund PDF 861KB
Conservative Fund PDF 870KB
Moderate Fund PDF 849KB
Balanced Fund PDF 863KB
Growth Fund PDF 863KB

Fund updates for the period to 30 June 2017

Cash Fund PDF 230KB
First Home Buyer Fund PDF 235KB
Conservative Fund PDF 240KB
Moderate Fund PDF 240KB
Balanced Fund PDF 240KB
Growth Fund PDF 240KB

Fund updates for the period to 31 March 2017

Cash Fund PDF 226KB
First Home Buyer Fund PDF 238KB
Conservative Fund PDF 238KB
Moderate Fund PDF 238KB
Balanced Fund PDF 238KB
Growth Fund PDF 238KB

Fund updates for the period to 31 December 2016

Cash Fund PDF 224KB
First Home Buyer Fund PDF 301KB
Conservative Fund PDF 226KB
Moderate Fund PDF 225KB
Balanced Fund PDF 225KB
Growth Fund PDF 225KB

Fund updates for the period to 30 September 2016

Cash Fund PDF 224KB
First Home Buyer Fund  PDF 311KB
Conservative Fund PDF 231KB
Moderate Fund PDF 230KB
Balanced Fund PDF 230KB
Growth Fund PDF 230KB

Periodic disclosure statements prior to 5 September 2016

Annual Reports and Financial Statements

2017

2016

2015

2014

The first BNZ KiwiSaver Scheme Annual Report and Audited Financial Statements relate to the period 8 January 2013 to 31 March 2014.

Changes to the BNZ KiwiSaver Scheme — September 2016

The BNZ KiwiSaver Scheme transitioned into the Financial Markets Conduct Act 2013 (FMCA) regime on 5 September 2016 and the requirements of the FMCA apply to the Scheme from this date. Find out more about these changes.