Fisher Funds Kiwisaver Scheme
Balanced Strategy
The Smiths take
Balanced Strategy Smiths Rating B+
Smiths' editorial rating, our internal opinion based on 10-year returns, fees, and risk band fit. Not a formal credit rating or regulated star rating.
The fund matches or beats the group average on the standard Sorted measures. Read the full breakdown below.
General information only · Past performance is not a reliable indicator of future performance · For personal advice please contact us.
At a glance
This fund is for investors seeking
Three quick reads for whether the Balanced Strategy fits your situation.
A 5+ years timeframe
This is a balanced KiwiSaver fund. The provider's recommended minimum holding period sits in the 5+ years range.
A moderate-risk investment
Sorted's risk indicator places this at 4 on a 1–7 scale. Moderate volatility. meaningful ups and downs but not extreme.
Growth-leaning mix
59% growth assets (shares, property) and 41% income assets (bonds, cash). Spread across multiple asset classes.
Snapshot
The headline numbers
Mix
59.16% / 40.84%
Growth / Income · avg 53.54% / 46.46%
Fees
1.00%
$300 on $30k · avg 1.61%
5-yr return
4.09%
Annualised, after fees & 28% PIR · avg 4.09%
What the provider says
In their own words
“This investment option aims to provide a balance between stability of returns and growing your investment over the long term by investing in a mix of income and growth assets. Automatically rebalanced each year to a target fund mix determined by us. As at the date of this fund update the target fund mix is 33.4% Conservative Fund and 66.6% Growth Fund”
- Fund start date
- 12 June 2009
- Withdrawal rules
- This is a KiwiSaver fund. generally you can withdraw only to purchase a first home, after the age of 65, or in cases of significant financial hardship.
Asset mix
What this fund actually holds
Growth assets are 59.16% of the fund, income assets the rest. The mix is the latest snapshot from Sorted, with the average for this risk band's KiwiSaver funds shown alongside.
- Sharesthis fundavg
54.82%
avg 49.40%
- Propertythis fundavg
4.34%
avg 2.71%
- Otherthis fundavg
0.00%
avg 1.43%
- Bondsthis fundavg
27.99%
avg 38.55%
- Cashthis fundavg
12.85%
avg 7.91%
What it owns
Top 10 holdings. 15.20% of the fund
The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.
Anz 10 A/C - Current Accounts
Cash
Cash and Cash EquivalentsNZ5.37%Fisher & Paykel Healthcare Corp Ltd
Shares
Australasian EquitiesNZ1.44%Nz Government Index Linked Bond 20/09/35 2.50%
Bonds
New Zealand Fixed InterestNZ1.28%Microsoft Corporation
Shares
International EquitiesUS1.18%Infratil Limited
Shares
Australasian EquitiesNZ1.11%Nz Government Bond 14/04/2033 3.50%
Bonds
New Zealand Fixed InterestNZ1.10%Nz Government Bond 15/05/2031 1.50%
Bonds
New Zealand Fixed InterestNZ1.00%Bayfair Shopping Centre – Retail
Property
Unlisted PropertyNZ0.92%E-Mini S&P 500 Futures 20/03/2026
Shares
International EquitiesUS0.90%Fisher Funds Global Private Equity Lp
Shares
International EquitiesUS0.90%
Fees breakdown
What you actually pay
Modelled on a $30,000 balance held for one full year. Each line shows this fund's % and dollar cost vs. the average for funds in the same risk band.
Management
Charged by the fund manager, % of your balance.
0.91%
avg 0.76%
$273
avg $229
+0.15%Other
Other potential costs not in the categories below.
54.82%
avg 49.40%
-
avg -
+5.42%Performance-based
Higher when the fund (or underlying fund) performs well.
0.00%
avg -
$0
avg -
Membership
A flat annual fee, regardless of balance or performance.
0.00%
avg 0.05%
$0
avg $15
−0.05%
Total combined fees
Doesn't include fees for one-off activities like transferring or withdrawing.
1.00%
avg 1.61%
$300
avg $483
Yearly returns
4.09% per year over 5 years
Each bar is the 12-month return ending in March, after fees and 28% PIR. Past performance is not a reliable indicator of future performance.
Returns: living in the past
Seeking returns is the point of investing, but the ones shown above are already gone. they won't continue. Pick a fund based on the right mix for your situation and reasonable fees, not on past returns.
Risk indicator
Sorted risk rating: 4 of 7
The Sorted risk indicator is calculated from the last 5 years of price volatility. Higher = more ups and downs but typically higher long-term returns.
Fund details
The unsexy stats that matter
- Total fund value
- $1,347,708,699
- Members
- 34,515
- Asset liquidity ratio
- 85.15%
- Debt ratio
- 0.09%
- Default KiwiSaver fund
- No
- Fund reference
- FND1052
Manager
Fisher Funds Kiwisaver Scheme
Licensed with the Financial Markets Authority.
- NZBN
- 9429037864354
- FSP number
- FSP38581
Smiths Health Check
Is the Balanced Strategy actually the right fund for you?
Take the 90-second Health Check. We'll grade your current setup, tell you what it's costing you, and recommend the best fit from our advised panel, benchmarked against every fund in the directory, not just fisher.
Our directory covers every NZ KiwiSaver fund. Our advice panel is five schemes (ANZ, Booster, Fisher Funds, Generate, Milford); recommendations land on four funds across Milford and Booster — how we're paid →