mysuper Cash Fund 1 Month: 0.30% 1yr: 3.74% 5yr: 1.76%
mysuper Conservative Fund 1 Month: 0.30% 1yr: 4.86% 5yr: 3.44%
mysuper Balanced Fund 1 Month: 1.28% 1yr: 10.50% 5yr: 6.66%
mysuper Growth Fund 1 Month: 1.86% 1yr: 13.64% 5yr: 8.74%

mysuper Balanced
Fund

Mix

57.40%

Growth assets

42.60%

Income assets

52.35% KIWISAVER AVERAGE 47.65%
This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held at its 2023 Financial year end. Compare this with the average balanced KiwiSaver fund (in grey).
Fees

0.75%

Average KiwiSaver 1.00%

The fees shown here (in purple) are what you would have paid if you had $10,000 in this fund at its 2023 Financial year end. Compare this with the average balanced KiwiSaver fund (in grey).
Returns

4.97%

Average KiwiSaver 3.71%

Returns here (in green) show how much this fund has grown in value over the five years up to 30 June 2023, after fees and taxes. Compare this with the average balanced KiwiSaver fund (in grey).
Investment Summary
(Data @ 31 Jan 2024 - after all fees and taxes)
1 Month
1.28%
1 Year
10.50%
5 Years
6.66%
Key facts

The mysuper Balanced Fund investment objective and strategy is to achieve higher positive real investment returns (in excess of inflation) over the medium term (around ten years), accepting that over the short term (between one to three years), investment returns could be negative. The mysuper Balanced Fund is a well-diversified investment that has a balance of risk through holding approximately 60% growth assets (like equities) and 40% lower risk income assets (like fixed interest and cash).

Mix

Actual: 57.40%
Target: 55.00%
Actual: 42.60%
Target: 45.00%

Growth assets

Income assets

52.35% KIWISAVER AVERAGE 47.65%

This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held at its 2023 Financial year end.

The average mix for balanced KiwiSaver funds is in grey above. They typically hold from 35% to 63% of growth assets.

Different mix, different result

As you invest, your mix (often called "asset allocation") is the most significant factor that will determine the results you get, including the ups and downs in value you experience. It's important to get right.

Choosing a specific mix is a way of dialing your risk up or down, depending on the amount of growth assets you take on board. The more risk you take on, the higher your returns are likely to be, although this is no sure thing. That's what risk is all about.

For the most appropriate mix for you and your situation (often called your "risk profile"), see Sorted's investor kickstarter.

Growth Assets Income Assets
ASSET TYPE THIS FUND AVERAGE OF ALL BALANCED KIWISAVER FUNDS
Breakdown on shares assets
Actual Target Average
Total 57.40% 55.00% 47.68%
International shares 43.80% 41.00% 33.36%
Australasian shares 13.60% 14.00% 14.32%

What 'shares' means

Buying shares gives you part ownership in a company and can bring returns from your share of the profits (dividends) or from selling the shares for more than you paid. Shares are growth assets and are also known as equities or stock.

Breakdown on property assets
Actual Target Average
Total 0.00% 0.00% 3.25%
Listed property 0.00% 0.00% 2.81%
Unlisted property 0.00% 0.00% 0.44%

What 'property' means

Property refers to commercial real estate (not the family home) owned through property trusts or companies that own or develop real estate as their business. Properties are growth assets and can be listed on an exchange or be unlisted.

Breakdown on Other assets
Actual Target Average
Total 0.00% 0.00% 1.41%
Commodities 0.00% 0.00% 0.12%
Other 0.00% 0.00% 1.29%
Unknown 0.00% 0.00% 0.00%

What 'other' means

This category can include alternative investments such as derivatives, often through a hedge fund. These ‘other’ investments are typically considered growth assets, or high-risk investments.

Breakdown on bond assets
Actual Target Average
Total 38.08% 40.00% 37.88%
New Zealand bonds 12.83% 13.00% 15.91%
International bonds 25.25% 27.00% 21.97%

What 'bond' means

A bond is a bit like a term deposit at a bank, but it's effectively a loan you make to a company or government which they promise to pay back in full on a specific date. Until then, you receive regular interest at a fixed or agreed rate. Bonds are income assets and can also be called 'fixed interest' or 'debt securities'. Since they can typically be traded on a secondary market, their value can go up and down.

Breakdown on cash assets
Actual Target Average
Total 4.52% 5.00% 9.77%
Cash and cash equivalents 4.52% 5.00% 9.77%

What 'cash' means

Cash is a kind of investment that generally pays you interest. Cash typically includes term deposits, floating-rate notes and money market accounts. Cash, which is often a loan to a bank, is considered an income asset.

Fees

0.75% mysuper fees

1.00% Average KiwiSaver fees

The fees shown here (in purple) are what you would have paid if you had $10,000 in this fund at its 2023 Financial year end. Compare this with the average balanced KiwiSaver fund (in grey).

About Fees

You don’t always get what you pay for when investing. With fund fees, paying more does not mean you necessarily get better results. It’s often the opposite: the more we pay, the less we get. This is because the returns we receive are after any fees and taxes get paid.

Since no one can tell the future and how the different funds will do, it’s best to choose one with low fees where possible.

Learn more about the fees associated with your mysuper investment.

A breakdown of the different charges in this fund, compared to the average balanced KiwiSaver fund.

FEES TYPE % FOR THE 2023 FINANCIAL YEAR END AMOUNT PAID ON A $10K BALANCE

Management

This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance.
None AVG: 0.79% $0.00 AVG: $79.47

Other

This is a summary of other potential costs not covered in the categories displayed.
0.75% AVG: 0.07% $75.00 AVG: $7.43

Performance-based

These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher.
None AVG: 0.00% $0.00 AVG: $0.07

Membership

You pay this membership charge (a flat fee) each year, regardless of your balance or the fund’s performance.
None AVG: 0.13% $0.00 AVG: $12.74

Total combined fees

These are a total of management and administration charges, and performance-based fees for the 2023 Financial year end. They do not include fees for activities like transferring or withdrawing.
0.75% AVG: 1.00% $75.00 AVG: $99.70

Returns

4.97% mysuper returns

3.71% Average KiwiSaver returns

For the past five years, this fund returned this average each year (in green). This was after fees and taxes were taken out (28% PIR equivalent). Compare this with the average balanced KiwiSaver fund (in grey).

About Past Returns

Seeking returns is what investing is all about, but those shown here are already gone; they won’t continue. The best can become the worst and vice versa, so it’s unwise to just choose a fund based on how well it has done in the past.

There are a lot of other criteria to make a smart choice, such as the right investment mix and reasonable fees.

Annual returns for the 12 months to 31 March 2023 are shown below for this fund.

Year
This fund
Avg’ KiwiSaver

Gross returns (before fees and taxes) against benchmark over the short to medium-term are shown below for this fund as at 31 January 2024.

This fund Benchmarked
1 Month
3 Month
1 Year
3 Years
5 Years
Investment Returns
1.22%
9.85%
11.73%
4.54%
7.63%
Benchmark
1.07%
9.39%
9.93%
3.30%
6.44%
Value added
0.16%
0.46%
1.80%
1.25%
1.19%
About Investment performance

Seeking returns is what investing is all about, but those shown here are already gone; they won't continue. The best can become the worst and vice versa, so it's unwise to just choose a fund based on how well it has done in the past. There are a lot of other criteria to make a smart choice, such as the right investment mix and reasonable fees.

Risks

Specific risks for this fund

Chasing higher returns while investing always increases risks. Several kinds of risks. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it’s important to understand how it works.

You’ll find specific risks in the Risk section of our current Product Disclosure Statement.

Product Disclosure Statement
Risk indicator

This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund’s five-year performance (or an appropriate market index if it has not been around that long).

Potentially lower returns Potentially higher returns
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