ANZ Default KiwiSaver Scheme
Balanced Growth Fund
Balanced Growth Fund is within the ANZ Default KiwiSaver Scheme, managed by ANZ New Zealand Investments Limited, with 3,873 members and $275.9M invested.
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
Overview
About this fund
The Balanced Growth Fund sits within the ANZ Default KiwiSaver Scheme. As a balanced scheme fund, it is designed to pursue a mix of growth and income-oriented investments. The fund holds $275.9 million in assets across 3,873 members as of 31 March 2026. It occupies a middle position within the scheme's range of investment options, offering a moderate approach between conservative and growth-focused alternatives.
The fund carries a risk indicator of 4 out of 7 on the FMA risk scale, reflecting moderate volatility. Annual fee and five-year average return data for this fund are not publicly reported. Peer comparison metrics for this fund-type cohort are unavailable. Past performance is not a reliable indicator of future returns.
A risk indicator of 4 out of 7 typically suits members with a moderate risk tolerance who can accept some year-to-year fluctuations in their account balance. This profile is generally considered appropriate for those with a medium-length investment timeframe who seek a balance between capital growth and income stability. Past performance is not a reliable indicator of future returns.
Performance
Balanced Growth Fund's most recent QFU is dated 2026-03-31. Past performance is not a reliable indicator of future returns.
Risk and suitability
Balanced Growth Fund carries a risk indicator of 4/7 on the FMA risk scale. Risk indicator 3-4 funds are typically considered for members with a medium investment horizon (3-10 years) or those balancing growth potential against shorter-term volatility. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Snapshot
The headline numbers
Five-year return
No 5-year average return figure held for this fund.
Five Year Average Return
About “—” in return figures: it means no figure is held, not a return of zero. No 5-year average return figure is held for this fund. Figures are drawn from fund disclosures on the FMA Disclose register, chiefly quarterly fund updates. Each fund shows the most recent figure held; the latest quarter broadly covered across all funds is March 2026. A fund too new to report a period has no figure for it; other gaps are figures not yet captured from the updates ingested so far.
Returns (green) show the fund’s growth over the five years to 31 March 2026, after fees and taxes. Compare these results with the average KiwiSaver scheme fund (light green).
Annual fee
%
One Year Average Fees
Fees shown here (blue) represent what you would pay over a year if you had $30,000 invested in this fund. Compare them with the average fees for KiwiSaver scheme funds (light blue).
Growth / income split
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 31 March 2026. The average mix for all KiwiSaver scheme funds is shown in light blue.
Asset mix
What this fund holds
This fund's asset mix
Average across all funds
Your investment mix shapes your outcome
The balance of assets you choose — your asset allocation, has the biggest impact on how your investments perform and how much their value may rise or fall along the way. Selecting that balance is crucial. By adjusting the proportion of growth-oriented investments you include, you’re effectively setting your preferred level of risk. Generally, taking on more risk can increase the potential for higher returns, but there’s never a guarantee — that’s the nature of risk. To find an allocation suited to your personal circumstances (sometimes called your risk profile), you can start with an investor risk questionnaire or a KiwiSaver-specific guide.
Largest holdings
Top 10 holdings
No top-10 holdings are held for this fund at 31 March 2026. That means none have been captured from the fund’s quarterly updates yet — not that the fund holds nothing.
Fees in context
How this fee compares with the category
%
This Fund
%
Average KiwiSaver scheme funds
The blue segment shows the annual fees you’d pay if you invested $30,000 in this fund. The grey segment represents the typical yearly fees for an average KiwiSaver scheme fund, so you can compare them directly.
Smaller Fees, Bigger Potential
When it comes to investing, spending more doesn’t automatically lead to stronger results. In fact, higher fund fees can often eat into your returns. Remember, what you keep is calculated after fees and taxes are deducted. Because no one can predict how any fund will perform, it’s generally wise to look for options with lower costs whenever you can.
Fee breakdown
What makes up the annual charge
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|
Returns in context
How the five-year return compares with the category
No five-year data available
This Fund
%
Average KiwiSaver scheme funds
Over the past five years, this fund delivered the average annual return shown here (in green) to investors, after fees and taxes (28% PIR) were applied. For comparison, the average return over the same period for all KiwiSaver scheme funds is shown in grey.
Returns: Reflecting the Past
Investing is about seeking returns, but the figures shown here represent historical performance—they cannot be relied upon to continue in the future. Selecting a fund solely based on past performance is not advisable. A well-informed decision should consider factors such as an appropriate investment mix for your goals and reasonable fees.
Risk
Risk indicator: 4 of 7
Risk indicator
This indicator reflects how much the investment’s value has fluctuated over time. It is calculated from the fund’s five-year performance, or from a comparable market index if the fund has a shorter history.
Fund details
The numbers that don’t make headlines
Manager information
| Name | |
| Type | N/A |
| Website | anz.co.nz |
| NZBN | N/A |
| FSP Number | FSP31086 |
Fund information
| Asset liquidity ratio | — |
| Total value of fund | $275,948,609 |
| Debt ratio | — |
Fee + return history
View detailed history →Quarterly fees and after-tax returns recorded against this fund since inception. Sourced from FMA Disclose Quarterly Fund Updates. The detailed view shows the full chart + per-quarter data table.
PDS changes
View detailed PDS history →Material changes to the Product Disclosure Statement over time — fee adjustments, asset-allocation shifts, scheme-rule amendments. Diff against the previous PDS shown side-by-side in the detailed view.
Holdings changes
View detailed holdings diff →Top-10-holdings additions, removals, and weight changes across quarters. Shows the manager's actual portfolio decisions over time, sourced from the fund's Quarterly Fund Update.
SIPO changes
View detailed SIPO history →Statement of Investment Policy and Objectives revisions — investment objective rewrites, asset-class target shifts, ESG policy changes, derivatives policy changes. The detailed view diffs against prior SIPO versions.
AI · API · Markdown
Machine-readable surfaceEvery fund page on FundCompare ships with structured JSON and a plain-markdown summary alongside the HTML — so LLMs, MCP clients, and analysts can cite the same regulator-sourced data the page renders. Source documents come from FMA Disclose, IRD, and Sorted Fund Finder.
Identifiers
- FSP number
- FSP31086
- Provider
- ANZ Default
- Scheme
- ANZ Default KiwiSaver Scheme
Endpoints for Balanced Growth Fund
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curl -s "https://fundcompare.co.nz/api/fund/anz-default/balanced-growth-fund/facts.json" | jq .Python
import requests
data = requests.get("https://fundcompare.co.nz/api/fund/anz-default/balanced-growth-fund/facts.json").json()
print(data["fund_name" if "fund" == "fund" else "name"])MCP (Claude Desktop / ChatGPT)
# Claude Code (CLI):
claude mcp add --transport http fundcompare https://fundcompare.co.nz/mcp
# Cursor / Cline / Continue (settings JSON):
{ "mcpServers": { "fundcompare": { "url": "https://fundcompare.co.nz/mcp" } } }
# Claude Desktop (UI): Settings → Connectors → Add custom connector
# URL: https://fundcompare.co.nz/mcp
# Claude Desktop via JSON (uses npx mcp-remote bridge):
{ "mcpServers": { "fundcompare": {
"command": "npx", "args": ["-y", "mcp-remote", "https://fundcompare.co.nz/mcp"]
} } }
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The information provided on this website is not a recommendation to buy, sell, or hold any financial products. Nothing on this website constitutes financial advice for the purposes of the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider.
Investing involves risk. The value of your investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
Before making any investment decision, you should read the Product Disclosure Statement (PDS) for the fund carefully. If you have questions or are unclear about the implications of your investment decision, you should seek advice from a licensed Financial Advice Provider.
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