Westpac Balanced Fund

NVIDIA sits at the top of this $2.4 billion balanced fund, a 2.14 percent position that signals where Westpac's growth allocation is tilting. International shares claim 40 percent of the portfolio, with the rest split between bonds (36 percent combined), Australasian shares (15 percent), listed property (5 percent) and a small cash buffer. The top ten holdings read like a who's who of global tech and New Zealand infrastructure: Apple, Microsoft, Alphabet and Taiwan Semiconductor alongside Fisher & Paykel Healthcare, Infratil, Auckland Airport and Contact Energy.

The fund charges a flat 0.5 percent annual fee with no performance or other fees on top. It sits at 2nd in its category for one-year returns at 11.0 percent, though its longer track record is more middling: 16th over three years and 14th over five. At risk level 4, the 62 percent growth asset weighting positions it as a moderate fund with meaningful bond exposure to cushion volatility, though the equity sleeve leans heavily offshore and tech-forward.

The structure is straightforward: international diversification with a New Zealand tilt in the domestic equity allocation, and a bond base split roughly 60-40 between international and New Zealand fixed income. The fee sits in the middle range for balanced funds, and the scale suggests institutional depth.

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