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Balanced (Pension)

To provide a diversified portfolio that has an appropriate balance between income and
capital growth investments with medium to high levels of risk. 


Minimum investment timeframe 5 years
Risk level Medium to high
Investors that the fund may suit Members comfortable with a medium to high level of risk that have an investment timeframe of at least 5 years.


Strategic asset allocation*

Asset class Strategic Range % Actual Allocation %
Interest-bearing investments & cash 30 - 60 44
Property 0 - 20 7
Australian and New Zealand shares^ 10 - 35 26.3
International shares 5 - 30 21.6
Alternatives 0 - 20 1.1

* This information is current as at 1 July 2020 and is subject to change.

^ No more than 20% of the option's exposure to Australian and New Zealand shares will come from securities listed on the New Zealand stock exchange.

Pension application form