SuperEasy KiwiSaver Superannuation Scheme
Balanced Fund
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
- View holdings changes →HoldingsMATERIALJun 2026Top-10 turnover: 5 new, 7 droppedQuarter-on-quarter (Sept 2025 → Jun 2026)
- View fee + return history →FeeMATERIALJun 2026Annual fee 0.51% → 0.323% (-0.19pp)Quarter-on-quarter (Mar 2026 → Jun 2026)
Overview
About this balanced fund
The Balanced Fund sits within the SuperEasy KiwiSaver Superannuation Scheme and holds 49% in growth assets and 51% in income assets. This allocation reflects a balanced approach, positioning the fund between conservative and growth-oriented options within the scheme's range. The fund aims to provide moderate capital growth alongside regular income, making it a middle-ground option for members seeking diversified exposure across asset classes.
Over the five years to 30 June 2026, the Balanced Fund delivered an average annual return of 3.96%. The fund charges an annual fee of 0.32%, which sits materially below the peer-median fee of 0.85% for balanced scheme funds. Past performance is not a reliable indicator of future returns.
A risk indicator of 4 out of 7 on the FMA scale places this fund in the moderate-risk range, typically considered appropriate for members with a medium investment timeframe who can tolerate moderate fluctuations in value. This profile suits those seeking a balance between capital preservation and growth potential, without the higher volatility of growth-focused funds or the lower returns of conservative options.
Holdings
As of 2026-06-30 Balanced Fund reports an asset mix of 49% growth assets (shares, listed property, alternatives) and 51% income assets (cash, bonds, fixed interest). This split is typical for a balanced fund. The full asset-mix breakdown including overseas vs domestic and listed vs unlisted exposure appears in the asset-allocation chart below.
Performance
Balanced Fund has 5 quarters of QFU data on file (2024-06-30 to 2026-06-30). The 5-year average annual return reported in the most recent QFU is 3.96%. Past performance is not a reliable indicator of future returns.
Fees
At 0.32% in annual charges, Balanced Fund's fee sits 0.53 percentage points below the median for Balanced KiwiSaver scheme funds in our coverage (median 0.85%). 5 of the 76 funds in this cohort charge a lower annual fee (this fund ranks 6 cheapest of 76). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
Balanced 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
3.96% a year over five years, at a 0.323% annual fee
Five-year return
3.96%
Five Year Average Return
Returns (green) show the fund’s growth over the five years to 30 June 2026, after fees and taxes. Compare these results with the average Balanced KiwiSaver scheme fund (light green).
3.96% for this fund — category median 4.5% across 15 Balanced KiwiSaver scheme funds at 30 June 2026. This fund ranks 10 of 15 (33rd percentile) by five-year after-fee return.
Past performance is not an indicator of future performance.
Annual fee
0.323%
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 Balanced KiwiSaver scheme funds (light blue).
Growth / income split
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 30 June 2026. The average mix for balanced KiwiSaver scheme funds is shown in light blue.
In the provider’s words
What the provider says about this fund
Here’s the provider’s overview of the managed fund:
“The Balanced Fund target asset allocations are 50% in growth assets and 50% in income assets. Its objective is to achieve positive real returns over the medium to long term through investment in a balanced mix of growth and income assets.”
When can I get my money out?
This is a fund within a KiwiSaver scheme, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
Asset mix
49% growth assets, 51% income assets
This fund's asset mix
Average for balanced 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 · 30 June 2026
Top 10 holdings — 99.99% of this fund
These assets make up 99.99% of this fund as at 30 June 2026.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | Interest Fund | 21.02 | |||
 | Index Portfolio | 20.71 | |||
| Interest Fund | 18.89 | |||
| Shares Index Portfolio | 11.65 | |||
 | Fund | 10.17 | |||
 | Investment Fund | 8.96 | |||
| Fund | 8.59 |
Top-10 holdings changes
30 Jun 2025 → 30 Jun 2026
None this quarter.
None this quarter.
Index Portfolio19.23% → 20.71% (+1.48 pp)
Interest Fund20.64% → 18.89% (-1.75 pp)
Investment Fund9.67% → 8.96% (-0.71 pp)
Fund8.80% → 8.59% (-0.21 pp)
Fees in context
How this fee compares with the category
0.323%
This Fund
0.78%
Average Balanced 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 Balanced 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 0.323% annual charge
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| administration Administration fee | — | 54 |
| total Total fund charges | 0.323% | — |
Returns in context
How the five-year return compares with the category
3.96%
This Fund
4.44%
Average Balanced 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 Balanced 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 | LOCAL GOVERNMENT SUPERANNUATION TRUSTEE LIMITED |
| Type | NZ Limited Company |
| Website | supereasy.co.nz |
| NZBN | 9429039129734 |
| FSP Number | N/A |
Fund information
| Asset liquidity ratio | 101.41% |
| Total value of fund | $21,830,122 |
| Debt ratio | 0.85% |
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
- FMA fund code
- FND201
- NZBN
- 9429039129734
- Provider
- SuperEasy
- Scheme
- SuperEasy KiwiSaver Superannuation Scheme
Endpoints for Balanced Fund
One-click MCP install
Opens Cursor and adds the MCP server with one confirmation
Opens VS Code MCP install dialog
Full per-client guide + ChatGPT GPT setup at /api/mcp.
Quick examples
cURL
curl -s "https://fundcompare.co.nz/api/fund/supereasy/balanced-fund/facts.json" | jq .Python
import requests
data = requests.get("https://fundcompare.co.nz/api/fund/supereasy/balanced-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"]
} } }
# Tools: search_funds, get_fund, get_provider, get_qfu_filing — anonymous, free.FundCompare is not a Financial Advice Provider. Data is sourced from FMA Disclose, IRD, and Sorted Fund Finder. The endpoints above are free, public, and cached for one hour. KiwiSaver® is a registered trademark of Inland Revenue.
Explore this with AI
Open a fresh AI chat pre-loaded with this page — ask it to summarise, explain, or compare, and it can read FundCompare's underlying data directly.
Compare every fund on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
Compare
Learn
Important Information and Disclosure
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.
All information displayed is sourced from scheme providers, the Disclose Register, and the Sorted Smart Investor universal feed (operated by Te Ara Ahunga Ora Retirement Commission), or other publicly available sources. We take reasonable steps to ensure accuracy but cannot guarantee information is always current or complete.
FundCompare.co.nz may receive referral fees or commissions from scheme providers if you sign up via links on this website. These payments do not influence the order, ranking, or inclusion of products displayed.
For more information, please see our Terms of Service, Privacy Policy, and Disclosure Statement.
This website is operated by FundCompare.co.nz and is not endorsed by, or affiliated with, the New Zealand government or Inland Revenue. FundCompare.co.nz is using the KiwiSaver trade mark and logo under licence from Inland Revenue. To view the official New Zealand government KiwiSaver website, please click here.
© 2026 FundCompare.co.nz. All rights reserved.