Westpac Default Balanced

NVIDIA tops the holdings list at 2.14 percent in this billion-dollar default fund, followed by Fisher & Paykel Healthcare and Apple, a trio that captures the fund's split between global tech and local blue chips. Westpac Default Balanced holds just over 1 billion in assets and charges 0.4 percent annually, with no performance or other fees layered on top. It delivered 10.1 percent over the year to date and 10.9 percent annualised over three years.

The fund runs a 51 percent allocation to growth assets, dividing its money between 40 percent international shares and 15 percent Australasian equities, with the remainder spread across New Zealand and international bonds, listed property and a small cash buffer. The top ten holdings lean heavily on US technology, with Microsoft, Alphabet and Taiwan Semiconductor all present, alongside New Zealand infrastructure names such as Infratil, Auckland Airport and Contact Energy. An S&P 500 futures position sits in fourth place, suggesting some exposure is held synthetically rather than through direct stock ownership.

This is a mid-range balanced fund built for default KiwiSaver members, positioned between conservative and aggressive strategies. The structure reflects a long-term growth orientation with a meaningful defensive anchor.

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