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Forsyth Barr Balanced Fund

The fund was established on 11 December 2020, however applications were accepted from 18 December 2020.

The fund aims to achieve positive long-term returns by choosing exposure across asset classes. Investors can expect moderate to high levels of movement up and down in value and to receive longer term returns that are lower than those of the Growth Fund.

Unit Price

AS AT 22 Sep 2021

1.0336 NZD

The unit prices shown do not take into account any adjustment for PIE tax.
Buy/sell spreads may apply when transacting. There are currently none.

Month End Unit Price

As at 31 Aug 2021

1.0445 NZD

Managers comment

Foreign currency exposures associated with international fixed interest are hedged to the New Zealand dollar. We actively manage the fund’s currency exposures associated with international and Australian equities, and listed property. As at 31 August 2021, these exposures represented 41.46% of the value of the fund. After allowing for foreign currency hedges in place, approximately 25.63% of the value of the fund was unhedged and exposed to foreign currency risk.

The next Manager’s commentary will be included in the September Performance Summary (available October 2021).

Major Investments

As at 31 Aug 2021

Company name Volume
ANZ transactional bank account 8.81%
Fisher & Paykel Healthcare Corporation Limited 1.76%
CSL Limited 1.39%, Inc. 1.31%
Housing New Zealand 3.36% 12/06/2025 1.20%
Visa Inc.- Class A Shares 1.19%
New Zealand Local Government Funding Agency Ltd 14/04/2033 3.50% 1.18%
Westpac Banking Corporation 1.15%
Spark New Zealand Limited 1.14%
Microsoft Corporation 0.99%
Major holdings as % of total portfolio 20.11%
Total portfolio holdings 1749

Performance over time

Return Comparison

As at 31 Aug 2021

1 Month 3 Months 1 Year 3 Years Since commenced operation
Net Fund Return 1 Month 1.22% 3 Months 2.91% 1 Year N/A 3 Years N/A Since commenced operation 4.41%
Gross Fund Return 1 Month 1.40% 3 Months 3.30% 1 Year N/A 3 Years N/A Since commenced operation 5.47%
Composite Index 1 Month 1.60% 3 Months 3.87% 1 Year N/A 3 Years N/A Since commenced operation 6.44%

Net Fund Returns are calculated after deduction of fund charges, trading expenses and accrued tax for a New Zealand resident paying individual tax at the highest Prescribed Investor Rate (28%). Gross Fund Returns are calculated before the deduction of taxes and fund charges but after the deductions of trading expenses and including imputation credits and foreign tax credits where available.

Fund update

As at 30 June 2021

This document tells you how the Forsyth Barr Balanced Fund has performed and what fees were charged. The document will help you to compare the fund with other funds.

General Fund Information

Risk indicator

Potentially lower returns
Potentially higher returns
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The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the relevant fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. This fund started on 11 December 2020. As the fund has not been in existence for 5 years, we have used market index return data for periods prior to 11 December 2020 and actual fund returns data afterwards. This means that the risk indicator may provide a less reliable indicator of the potential future volatility of the fund. See more information about the risks of investing in the Product Disclosure Statement.

Tactical asset allocation mix (as at 30 April 2021)

Cash and cash equivalents 6.00%
New Zealand fixed interest 21.00%
International fixed interest 10.00%
Australian equities 17.00%
International equities 26.00%
Listed property 5.00%
New Zealand Equities 15.00%

Things to note

  • Manager: Forsyth Barr Investment Management Limited
  • Date the fund started: 11 December 2020
  • Tax status: Portfolio Investment Fund (PIE)
  • Minimum suggested investment time frame: At least five years
  • Benchmark: None
  • Currency: New Zealand dollars
  • View the Product Disclosure Statement for detailed information about this Fund and Forsyth Barr Investment Funds Scheme.


Annual fund charges are currently 1.25% p.a. of the value of your investment. This means that we pay management and administration charges along with the Supervisor fee out of this. All fees and charges are quoted exclusive of GST.

Trail commission may be paid to a Financial Adviser responsible for your Investment Funds account. Any trail fee is paid by Forsyth Barr Limited and is not a separate charge on your Investment Funds account.

Trail commission may be paid to an adviser responsible for your Investment Funds account. Any trail fee is paid by Forsyth Barr Limited and is not a separate charge on your Investment Funds account. Forsyth Barr Investment Management is the manager of the Investment Funds. The comments on this webpage do not take your personal circumstances into account. Before acting on this information, please contact your Forsyth Barr Investment Adviser. Forsyth Barr Limited and its affiliates do not make any representation or warranty (express or implied) that this webpage is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this webpage. This webpage is not intended to be distributed or made available to any person in any jurisdiction where doing so would constitute a breach of any applicable laws or regulations.

Get in touch

24 locations around New Zealand

To find out more about our Forsyth Barr Balanced Fund, speak to one of our expert Investment Advisers. They will help you determine the role an Investment Fund can play in helping you achieve your goals.