Westpac Kiwisaver Scheme
Default Balanced Fund
The Smiths take
Default 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.
Smiths reviews this fund against every other balanced option in NZ on net-of-fees returns, total fees, and band fit. The full Sorted snapshot is 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 Default 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
51% growth assets (shares, property) and 49% income assets (bonds, cash). Spread across multiple asset classes.
Snapshot
The headline numbers
Mix
51.42% / 48.58%
Growth / Income · avg 53.54% / 46.46%
Fees
0.40%
$120 on $30k · avg 1.61%
What the provider says
In their own words
“The Default Balanced Fund aims to provide moderate to medium returns over the medium to long term. The fund has an equal target allocation to growth assets and income assets. Volatility is expected to be higher than the Moderate Fund but lower than the Balanced Fund in the Westpac KiwiSaver Scheme.”
- Fund start date
- 1 December 2021
- 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 51.42% 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
48.24%
avg 49.40%
- Propertythis fundavg
3.18%
avg 2.71%
- Otherthis fundavg
0.00%
avg 1.43%
- Bondsthis fundavg
44.26%
avg 38.55%
- Cashthis fundavg
4.32%
avg 7.91%
What it owns
Top 10 holdings. 12.83% of the fund
The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.
Nvidia Corporation
Shares
International EquitiesUS1.91%Us 5yr Note
Bonds
International Fixed InterestUS1.69%Fisher & Paykel Healthcare Ltd
Shares
Australasian EquitiesNZ1.49%Microsoft Corporation
Shares
International EquitiesUS1.41%Us 2yr Note
Bonds
International Fixed InterestUS1.39%Apple Inc.
Shares
International EquitiesUS1.36%Alphabet Inc. Class A
Shares
International EquitiesUS1.00%Infratil Ltd
Shares
Australasian EquitiesNZ0.91%S&P500 E-Mini Future
Shares
International EquitiesUS0.86%Auckland International Airport Ltd
Shares
Australasian EquitiesNZ0.81%
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.
0.40%
avg 0.76%
$120
avg $229
−0.36%Other
Other potential costs not in the categories below.
48.24%
avg 49.40%
-
avg -
−1.16%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.
0.40%
avg 1.61%
$120
avg $483
Yearly returns
3 years on the books
This fund hasn't had a full five-year history yet. Below is the year-by-year story so far, with the group average alongside.
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
- $1,017,277,749
- Members
- 72,376
- Asset liquidity ratio
- 98.48%
- Debt ratio
- 0.04%
- Default KiwiSaver fund
- Yes
- Fund reference
- FND36288
Manager
Westpac Kiwisaver Scheme
Licensed with the Financial Markets Authority.
- NZBN
- 9429039285126
- FSP number
- FSP32662
Smiths Health Check
Is the Default 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 westpac.
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 →