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.
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 31 March 2018
|Cash Fund PDF 612KB|
|First Home Buyer Fund PDF 735KB|
|Conservative Fund PDF 744KB|
|Moderate Fund PDF 727KB|
|Balanced Fund PDF 7433KB|
|Growth Fund PDF 739KB
Fund updates for the period to 31 December 2017
|Cash Fund PDF 771KB|
|First Home Buyer Fund PDF 895KB|
|Conservative Fund PDF 881KB|
|Moderate Fund PDF 877KB|
|Balanced Fund PDF 893KB|
|Growth Fund PDF 881KB
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|
Annual Reports and Financial Statements
- BNZ KiwiSaver Scheme 2017 Annual Report PDF 4.6MB
- BNZ KiwiSaver Scheme 2017 Audited Financial Statements PDF 902KB
- BNZ KiwiSaver Scheme 2016 Annual Report Pdf 920kb
- BNZ KiwiSaver Scheme 2016 Audited Financial Statements PDF 555KB
- BNZ KiwiSaver Scheme 2015 Annual Report PDF 1.3MB
- BNZ KiwiSaver Scheme 2015 Audited Financial Statements PDF 1.5MB
The first BNZ KiwiSaver Scheme Annual Report and Audited Financial Statements relate to the period 8 January 2013 to 31 March 2014.
- BNZ KiwiSaver Scheme 2014 Annual Report PDF 182KB
- BNZ KiwiSaver Scheme 2014 Audited Financial Statements PDF 854KB
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.