Booster Kiwisaver Scheme
Asset Class Balanced Fund
The Smiths take
Asset Class Balanced 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 Asset Class Balanced 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.
Growth-leaning mix
60% growth assets (shares, property) and 40% income assets (bonds, cash). Spread across multiple asset classes.
Snapshot
The headline numbers
Mix
60.35% / 39.65%
Growth / Income · avg 53.54% / 46.46%
Fees
1.32%
$396 on $30k · avg 1.61%
5-yr return
5.19%
Annualised, after fees & 28% PIR · avg 5.19%
What the provider says
In their own words
“The Asset Class Balanced Fund is suited to investors who seek a medium level of returns on average over medium term periods (five years plus), allowing for shorter-term ups and downs. We aim to achieve this by investing in a mix of income and growth assets. Exposure is achieved by primarily investing in DFA Australia Limited (Dimensional) funds, utilising their Sustainability Trusts where available.”
- Fund start date
- 29 September 2017
- 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 60.35% 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
55.29%
avg 49.40%
- Propertythis fundavg
5.06%
avg 2.71%
- Otherthis fundavg
0.00%
avg 1.43%
- Bondsthis fundavg
38.72%
avg 38.55%
- Cashthis fundavg
0.93%
avg 7.91%
What it owns
Top 10 holdings. 100.00% of the fund
The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.
Dfa Global Bond Sustainability Pie Fund
Fund
FundAU31.77%Dfa Global Sustainability Pie Fund
Fund
FundNZ17.76%Dfa Global Sustainability Pie Fund (Nzd Hedged)
Fund
FundNZ17.65%Dfa Emerging Markets Sustainability Trust
Fund
FundAU8.80%Nzx New Zealand Core Equity Trust Class
Fund
FundNZ8.33%Dfa Two-Year Sustainability Fixed Interest Pie Fund
Fund
FundAU6.95%Dfa Global Real Estate Trust Nzd Hedged Class Units
Fund
FundAU5.06%Dimensional Australian Sustainability Pie Fund
Fund
FundNZ2.75%Nz Cash (Bnz Bank Trust Account)
Cash
Cash and Cash EquivalentsNZ0.93%
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.
1.20%
avg 0.76%
$360
avg $229
+0.44%Other
Other potential costs not in the categories below.
55.29%
avg 49.40%
-
avg -
+5.89%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.
0.12%
avg 0.05%
$36
avg $15
+0.07%
Total combined fees
Doesn't include fees for one-off activities like transferring or withdrawing.
1.32%
avg 1.61%
$396
avg $483
Yearly returns
5.19% 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
- $23,212,005
- Members
- 622
- Asset liquidity ratio
- 100.00%
- Debt ratio
- 0.00%
- Default KiwiSaver fund
- Yes
- Fund reference
- FND7292
Manager
Booster Kiwisaver Scheme
Licensed with the Financial Markets Authority.
- NZBN
- 9429037597320
- FSP number
- FSP28142
Smiths Health Check
Is the Asset Class Balanced 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 booster.
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 →