QuayStreet Balanced

QuayStreet Balanced sits 1st in its category over five years, a striking position for a fund charging 1.01 percent annually. That total fee includes a 0.10 percent performance fee alongside the 0.95 percent management charge, placing it at the higher end of the balanced fund spectrum.

The fund holds $195.8 million and splits 56 percent to growth assets, with international shares taking the largest slice at 41 percent. The portfolio leans heavily into US technology: Alphabet commands 2.81 percent, NVIDIA 2.01 percent, Apple 1.69 percent, Microsoft 1.58 percent. The top ten also includes Amazon, Broadcom and Meta Platforms. Cash sits at 12.92 percent of the fund, with nearly 12 percent held in a single position at ANZ New Zealand. New Zealand bonds account for 22 percent, international bonds 7 percent. Australasian shares make up 16 percent, led by BHP Billiton and Fisher & Paykel Healthcare.

The fund returned 9.8 percent over one year, placing 18th in its category, but delivered 13.7 percent over three years, landing 3rd. Over five years the annualised return reached 9.1 percent. The concentration in large US technology names and the substantial cash holding define the portfolio's character.

General information only, not financial advice. Past performance is not a reliable indicator of future results.