When choosing a fund, think about your current situation, including how you feel about risks and returns, and the time you need to reach your goal.
Investing comes with a degree of risk. Generally, the higher the risk the higher the potential returns – and the lower the risk, the lower the potential returns. The more risk you take, the higher the chances of making a loss, especially in the short term.
The investment mix of growth and income assets in a fund affects its level of risk and potential returns. Growth assets (usually shares) are higher risk, and income assets (usually bonds) are lower risk.
With time comes the ability to recoup any short-term setbacks. But if you’re close to making a withdrawal for retirement or buying your first home, you’ll probably want to take less risk. The size of your investment goal may also impact the amount of risk you’re willing to take.
There are eight BNZ KiwiSaver Scheme funds to choose from. Our descriptions of risk and returns generally compare one fund with other BNZ KiwiSaver Scheme funds.
Aims to achieve the highest returns of the Funds over the long term.
Suggested investment timeframe
12 years minimum
Potential returns
Management fee
0.45% p.a.
Target investment mix
100% growth assets
Aims to achieve higher returns over the long term.
Suggested investment timeframe
10 years minimum
Potential returns
Management fee
0.45% p.a.
Target investment mix
20% income, 80% growth assets
Aims to achieve a medium level of return over the medium to long term.
Suggested investment timeframe
7 years minimum
Potential returns
Management fee
0.45% p.a.
Target investment mix
40% income, 60% growth assets
Aims to achieve a medium level of return over the medium to long term.
Suggested investment timeframe
7 years minimum
Potential returns
Management fee
0.35% p.a.
Target investment mix
40% income, 60% growth assets
Aims to achieve moderate returns over the medium term.
Suggested investment timeframe
5 years minimum
Potential returns
Management fee
0.45% p.a.
Target investment mix
60% income, 40% growth assets
Aims to achieve relatively stable returns over the short to medium term.
Suggested investment timeframe
3 years minimum
Potential returns
Management fee
0.45% p.a.
Target investment mix
80% income, 20% growth assets
Aims to achieve relatively stable returns over the short to medium term.
Suggested investment timeframe
3 years minimum
Potential returns
Management fee
0.45% p.a.
Target investment mix
85% income, 15% growth assets
Aims to achieve stable returns over the short term.
Suggested investment timeframe
No minimum
Potential returns
Management fee
0.30% p.a.
Target investment mix
100% income assets
See how changing your fund or contribution rate could have a big impact on potential savings for the future.
Get more information about each BNZ KiwiSaver Scheme fund, including the investment mix, unit prices, and recent returns.
Find out how to join or transfer to the BNZ KiwiSaver Scheme if you’re a BNZ customer or if you’re new to BNZ.
If you’re already a BNZ KiwiSaver Scheme member, you can switch your fund at any time in Internet Banking or the BNZ app.
Volatility is part and parcel of investing. Here are four tips to help you ride out those market fluctuations.
Find out the importance of regularly reviewing your KiwiSaver fund choice, and the best times in life to do it.
Learn about investment risk, what it can mean for investors, and how to factor it into your investment choices.
If you need help call us on 0800 269 5494.
We recommend you review your fund choice as your circumstances change. If you have any questions, you can contact us on 0800 269 5494.
BNZ Investment Services Limited, a wholly owned subsidiary of Harbour Asset Management Limited, is the Issuer and Manager of the BNZ KiwiSaver Scheme. Download a copy of the BNZ KiwiSaver Scheme Product Disclosure Statement PDF 1.1MB, or pick up a copy from a BNZ branch.
Investments in the BNZ KiwiSaver Scheme are not bank deposits or other liabilities of Bank of New Zealand (BNZ) or any other member of the National Australia Bank Limited group. They are subject to investment risk, including possible delays in repayment. You could get back less than the total contributed. No person (including the New Zealand Government) guarantees (either fully or in part) the performance or returns of the BNZ KiwiSaver Scheme or the repayment of amounts contributed. National Australia Bank Limited, the ultimate owner of BNZ, is not a registered bank in New Zealand but a licensed bank in Australia and is not authorised to offer the products and services mentioned on this webpage to customers in New Zealand.
BNZ Investment Services Limited (BNZISL) uses the BNZ brand under licence from Bank of New Zealand, whose ultimate parent company is National Australia Bank Limited. No member of the FirstCape group (including BNZISL) is a member of the NAB group of companies (NAB Group). No member of the NAB Group (including Bank of New Zealand) guarantees, or supports, the performance of any member of FirstCape group’s obligations to any party.
The expected frequency of a negative return for each fund is calculated using long-term risk and return assumptions. These assumptions are based on a period of at least 20 years, and do not take current market conditions into account. The return assumptions are also before tax and annual management fees. These factors may mean that the funds experience a negative return more or less often than the expected frequencies shown.
This Fund will hold a small proportion in cash for liquidity purposes. Actual cash proportions in this Fund will vary depending on market movements and other factors.
The Balanced Fund and the Default Fund invest in similar ways however, there are some differences between them. The exposure to Australasian equities in the Balanced Fund is more actively managed than in the Default Fund, and as such, the Balanced Fund has a higher annual fund charge. BNZ believes that active managers of Australasian equities can add value and have the potential to generate better returns. As such, BNZ expects that the Balanced Fund could deliver higher returns after fees, over the long term, than the Default Fund. However, as all investments are subject to investment risk, it is also possible for the Default Fund to outperform the Balanced Fund, after fees, over the same period.