Kiwisaver Balanced Fund

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Steady returns

Looking to invest for 5+ years? This Fund could be the one for you

The investment style is what the name suggests – a balanced approach. The Fund may suit if you have a medium or longer timeframe to invest, like 5+ years, or are not that comfortable with seeing dramatic ups and downs in your balance.
Join the Balanced Fund

Return focus:

Medium

Average annual return:

7.5% p.a. since inception July 2019

Minimum suggested time frame:

5+ years

Risk focus:

Medium

Estimated fund fees:

1.17% p.a.

Which fund is right for you?

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Pick Pathfinder and you’ll be investing in...

We focus on investing positively. This includes selecting well-managed, quality companies that meet our ethical standards and, where we can, private companies that have real-world impact.

  • Organo logo
  • Women's Livelihood Bond 5 logo
  • Lodestone Energy logo
  • Sharesies Logo
  • WoolAid logo
Learn more about our investments

What we don’t invest in:

We seek to avoid investments in activities that disrespect people, our planet and animals (some examples below). Note that this list is not exhaustive and we may still hold investments in these areas as we apply revenue thresholds and grant exceptions in limited circumstances. We may also have limited information about an investment’s involvement in a particular activity. Please hover over any ? icons for more details or read our Ethical Investment Policy or our Exceptions Register.

  • Factory Farming

  • Alcohol?

    We allow investments in companies that do not derive more than 5% of identifiable revenue from alcohol beverage production, processing, manufacture, or sales. See our Ethical Investment Policy for more details.

  • Palm Oil & GMOs?

    We permit investments in companies that derive no more than 5% of identifiable revenue from the commercialised production and sale of GMOs, or no more than 5% of revenue from the sale of palm oil and palm oil products. See our Ethical Investment Policy for more details.

  • Weapons?

    We permit investment in companies that derive no more than 5% of identifiable income from the production and distribution of conventional weapons and their components. We allow investments in companies that earn no more than 50% of identifiable income from non-weapons related services or products to the military. See our Ethical Investment Policy for more details.

  • Adult Entertainment?

    We permit investments in companies that derive no more than 5% of identifiable revenue from the production or distribution of adult entertainment material. See our Ethical Investment Policy for more details.

  • Tobacco?

    We allow investments in companies that do not derive more than 10% of identifiable revenue from the sale of tobacco related products and services. See our Ethical Investment Policy for more details.

  • Gambling?

    We will allow investments in companies that derive no more than 5% of identifiable revenue from owning or operating gambling establishments. See our Ethical Investment Policy for more details.

  • Fossil Fuel?

    We permit investments in companies that do not derive more than 5% of identifiable revenue from the exploration, extractive, conversion (with respect to thermal coal) or distribution (except by rail) of fossil fuels. See our Ethical Investment Policy for more details. We can (and do) in exceptional circumstances permit investment in a company connected with Fossil Fuel - such exceptions are approved on a case-by-case basis by the Ethics and Investment Committee. A register of exceptions is available under the 'Documents and Forms' page.

  • Animal Testing?

    Animal testing is a complex area for investing. See our Ethical Investing Policy for details of our approach. We can (and do) in exceptional circumstances permit investment in a company connected with animal testing - such exceptions are approved on a case-by-case basis by the Ethics and Investment Committee. A register of exceptions is available here.

Returns

-0.5%

1 month

12.5%

1 year

4.1%

3 years

7.5%

p.a. since inception*

Past performance is no guarantee of future return. We encourage all investors to seek independent financial advice prior to making investment decisions. *31/07/19 (date of inception). To compare fund returns against the fund benchmark visit our Performance and Returns page.

Performance figures as of 31/08/2024, and are after fees before tax

Risk Level

This Fund is suited to an investor with a mid to high tolerance to risk and a minimum investment timeframe of 5+ years.

Lower Risk

Potentially Lower Returns

1
2
3
4
5
6
7

Higher Risk

Potentially Higher Returns

The risk rating reflects how much the value of the Fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. This risk indicator is not a guarantee of a fund’s future performance.  The Fund does not have a five-year history. The risk indicator was prepared using the relevant market index returns, when the fund was not in existence, and the funds returns since inception. As a result the risk indicator may provide a less reliable indicator of the potential future volatility of the Fund.

Compare our funds.

Choose the right fund for your risk tolerance and goals.

KiwiSaver GrowthKiwiSaver BalancedKiwiSaver Conservative
Return focusMedium to HighMediumModest
Risk focusHigherMediumLower
Likely fluctuation in valueMore than the Balanced or Conservative FundsMore than Conservative Fund but less than Growth FundLess than the Balanced or Growth Funds
Minimum suggested time frame8-10 years (long term)5+ years3-5 years
Estimated fund fees1.30% p.a.1.17% p.a.0.94% p.a.
Fund return since inception10.2% p.a.7.5% p.a.4.2% p.a.

Investor Notes

Ethical Approach

The Pathfinder KiwiSaver Balanced Fund has been designated a Certified Responsible Investment by RIAA (Responsible Investment Association Australasia).

View Holdings

Diversification

The fund is diversified across asset classes, industries and geographies. We use environmental, social and governance metrics, as well as financial metrics when making investment decisions.

Target Investment

9.6% Cash and Cash Equivalents
15.0% New Zealand Fixed Interest
22.5% International Fixed Interest
13.6% Australasian Equities
31.0% International Equities
3.3% Listed Property
5.0% Other Assets

Number of Holdings

Approximately 200

Asset Class

Cash (and Cash Equivalents), NZ Fixed Interest, International Fixed Interest, Australasian Equities, International Equities, Listed Property, Other Assets.

Investment Horizon

5+ years

Benchmark

Morningstar® Target Allocation Index™: Balanced Multisector for New Zealand (non-New Zealand Fixed Interest 100% hedged to NZD. The index is gross of dividends and tax except for International Equities and International Listed Properties, which are gross of dividends after deducting the tax withheld)

Current Hedging Target

100% of non-NZD Fixed Income exposure
0% of other non-NZD exposure

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