Asb Kiwisaver Scheme
Moderate Fund
The Smiths take
Moderate Fund 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 Moderate Fund 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.
Income-leaning mix
38% growth assets (shares, property) and 62% income assets (bonds, cash). Spread across multiple asset classes.
Snapshot
The headline numbers
Mix
38.31% / 61.69%
Growth / Income · avg 53.54% / 46.46%
Fees
0.60%
$180 on $30k · avg 1.61%
5-yr return
3.76%
Annualised, after fees & 28% PIR · avg 3.76%
What the provider says
In their own words
“To provide moderate total returns allowing for moderate movements of value up and down. The number of years with negative returns are generally expected to be higher than the Conservative Fund but lower than the Balanced Fund in the ASB KiwiSaver Scheme. We manage asset allocation and currency hedging over the medium to long term relative to the target investment mix. We focus on cost effective management. The Moderate Fund invests in income and growth assets with a target investment mix of 64% income assets and 36% growth assets.”
- Fund start date
- 2 October 2007
- 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 38.31% 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
32.62%
avg 49.40%
- Propertythis fundavg
0.00%
avg 2.71%
- Otherthis fundavg
5.69%
avg 1.43%
- Bondsthis fundavg
57.06%
avg 38.55%
- Cashthis fundavg
4.63%
avg 7.91%
What it owns
Top 10 holdings. 16.09% of the fund
The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.
New Zealand Government 200429 3.0 Gb
Bonds
New Zealand Fixed InterestNZ2.02%Westpac Deposit Acc
Cash
Cash and Cash EquivalentsNZ2.01%New Zealand Govt 200935 2.50 Indexed Bond
Bonds
New Zealand Fixed InterestNZ1.71%New Zealand Government 150530 4.50 Gb
Bonds
New Zealand Fixed InterestNZ1.68%New Zealand Government 150427 4.50 Gb
Bonds
New Zealand Fixed InterestNZ1.66%Asb Bank Account Nzd
Cash
Cash and Cash EquivalentsNZ1.47%New Zealand Government 140433 3.50 Gb
Bonds
New Zealand Fixed InterestNZ1.42%Bnz Deposit Acc
Cash
Cash and Cash EquivalentsNZ1.39%New Zealand Government 150531 1.50 Gb
Bonds
New Zealand Fixed InterestNZ1.37%Nvidia Corp
Shares
International EquitiesUS1.36%
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.
0.60%
avg 0.76%
$180
avg $229
−0.16%Other
Other potential costs not in the categories below.
32.62%
avg 49.40%
-
avg -
−16.78%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.
0.60%
avg 1.61%
$180
avg $483
Yearly returns
3.76% 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
- $3,138,227,561
- Members
- 73,857
- Asset liquidity ratio
- 100.00%
- Debt ratio
- 0.00%
- Default KiwiSaver fund
- No
- Fund reference
- FND530
Manager
Asb Kiwisaver Scheme
Licensed with the Financial Markets Authority.
- NZBN
- 9429039025791
- FSP number
- FSP29024
Smiths Health Check
Is the Moderate Fund 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 asb.
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 →