ANZ Investments OneAnswer Balanced Growth Fund
Managed by ANZ Investments ANZ Investments OneAnswer Balanced Growth Fund is a diversified managed fund operated by ANZ Investments; PIE-structured; FMA risk indicator 4/7. Headline terms: annual fund charge 0.97% · distributions no distributions (accumulating). Compared with 66 other same-category funds on this site, the 0.97% annual fund charge sits in line with the same-category median of 0.99%.
PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
Annual fund charge
0.95%
vs peer avg 1.29%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
3.69%
peer avg 4.31%
Fund size
NZ$45.6m
78% growth · 22% income
Over the long term moderate to high returns, allowing for moderate to large ups and downs in value.
How ANZ Investments OneAnswer Balanced Growth Fund differs
Factual contrasts drawn from the PDS, SIPO and latest portfolio holdings — no opinion.
- Top 3 holdings
- Nvidia Corporation (1.7%) · Apple Inc (1.5%) · Fisher and Paykel Healthcare (1.5%)
- Currency policy
- Currency hedging is used to mitigate foreign currency risk using derivatives such as forward foreign exchange contracts, monitored each business day. Passive hedging targets 100% for cash, international fixed interest, l…
Key facts
Fund start date
28 February 1993
Distributions
No distributions (accumulating)
Tax structure
PIE
Capped at your PIR (max 28%)
Investment policy
From the Statement of Investment Policy and Objectives (SIPO).
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Cash and cash equivalents | 6.5% | 0% | 27% |
| New Zealand fixed interest | 11.3% | 0% | 31% |
| International fixed interest (Australia) | 0% | 0% | 20% |
| International fixed interest (International) | 19.2% | 0% | 39% |
| Other (Alternatives - income) | 0% | 0% | 10% |
| Income assets (total) | 37% | 17% | 57% |
| Listed property (Australasia) | 0% | 0% | 10% |
| Listed property (International) | 0% | 0% | 10% |
| Australasian equities (New Zealand) | 11.7% | 0% | 38% |
| Australasian equities (Australia) | 6.6% | 0% | 38% |
| International equities (Developed) | 40.2% | 20% | 60% |
| International equities (Emerging markets) | 4.5% | 0% | 15% |
| Other (Infrastructure) | 0% | 0% | 10% |
| Other (Alternatives - growth) | 0% | 0% | 10% |
| Growth assets (total) | 63% | 43% | 83% |
Responsible-investment approach
Responsible investment factors in people, society and the environment along with financial performance. The three core components are: (1) exclusions of some companies and industries based on involvement in areas of harm or breaching global norms; (2) ESG integration into evaluation of companies invested in or considered; and (3) stewardship through engagement and proxy voting. Investments are not made based solely on ESG factors.
Derivatives policy
Derivatives are used to reduce investment risks such as currency risk, or as an efficient way to gain exposure to an asset or asset class (e.g. equity futures). Use is carefully managed within defined limits set out in the Derivatives Framework, and derivative counterparties must meet minimum credit ratings.
Reading between the lines
Plain-English summary of the scheme's disclosed conflicts and performance-fee mechanics, drawn from the OMI and PDS. Factual restatement — no opinion.
- ANZ Investments runs eight single-asset-class funds spanning NZ fixed interest, international fixed interest, property, shares, and listed infrastructure, with annual fund charges ranging from 0.47% to 1.11%.
- The two fixed interest funds are index-tracking (passive), while the six remaining funds — covering property, shares, and infrastructure — each aim to outperform their respective market index (active management).
- Risk indicators range from 3/7 for the NZ Fixed Interest Fund to 6/7 for the International Property Fund, reflecting materially different volatility profiles across the scheme.
- No performance fees, conflicts of interest, or related-party transaction costs are disclosed in the provided PDS information for any of the eight funds.
Generated 2026-05-29 from ANZ Investments Single-Asset-Class Scheme PDS (dated 2025-10-21). The verbatim disclosures appear in full below — this summary is a navigation aid, not a substitute.
How this fund compares to peers
Mechanical comparison vs the 67 other diversified funds in our cohort. Source: FMA Disclose register via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
Annual fund charge
0.95%
Category median: 0.99%
Cheaper than 57% of peers
5y return p.a. (after fees)
+3.69%
Category median: +3.27%
Above peer median (57th percentile)
Fund size
NZ$45.6m
Category median: NZ$57.5m
46th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$466
Compounded charge over 5 years (excl. returns)
$19 less than peer median
Read the full fee-vs-peers breakdown →
Mechanical scores only — no opinion or recommendation. Different funds suit different investor goals. ManagedFundsNZ is not a Financial Advice Provider. Read the current PDS and consider speaking to a licensed financial adviser.
Top 10 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
 Nvidia Corporation | 1.66% |
 Apple Inc | 1.48% |
| FA Fisher and Paykel Healthcare | 1.46% |
| F3 FNMA 30Yr Conventional 150534 0.00 TBA | 1.05% |
 Microsoft Corporation | 0.93% |
| BD Bank Deposit (USD BNP) | 0.90% |
 Infratil Ltd | 0.83% |
 Auckland International Airport | 0.82% |
 Contact Energy Ltd | 0.77% |
 Amazon Com Inc | 0.72% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- BALANCED GROWTH FUND (FND2212) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 255.48 KB
- One Answer SAC Funds PDS 23 October 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 1.10 MB
- OASAC Balanced Growth Fund.pdf The quarterly update published by the provider PDF, 173.77 KB
- One Answer Single Asset Class Scheme SIPO 23 October 2025.pdf SIPO - Information about how the funds in the OneAnswer Single-Asset-Class Funds invest. PDF, 250.01 KB
- One Answer SAC Funds Guide 23 October 2025.pdf Guide - A helpful guide to the OneAnswer Single-Asset-Class Funds, including how to make the funds work for you, an overview, and a case study. PDF, 831.
- OASACOMI 23 October 2025.pdf OMI - Details important information about the OneAnswer Single-Asset-Class Funds. You should read this document in conjunction with the guide and product disclosure statem
- OASAC Underlying Funds and external fund managers 1 April 2026.pdf OneAnswer Single-Asset-Class Funds - Underlying funds and external fund managers PDF, 97.90 KB
- ANZ Investments Responsible Investment Framework 30 April 2026.pdf Responsible Investment Framework PDF, 1.32 MB
- One Answer Single Asset Class Scheme SIPO 23 October 2025.pdf Statement of investment policy and objectives PDF, 250.01 KB
About this category
Multi-asset funds that hold a mix of shares, bonds, cash and sometimes property in a single portfolio. The mix determines the risk profile — aggressive funds hold more shares, conservative funds hold more bonds and cash.
About ANZ Investments
Asset-management arm of ANZ NZ; runs the OneAnswer multi-fund range.
See all funds from ANZ Investments →Common questions
Questions people ask about ANZ Investments OneAnswer Balanced Growth Fund
Drawn from Google's "People also ask" panel and answered with reference to the fund's filed PDS, Fund Update and FMA Disclose data. Not personal financial advice — for guidance specific to your situation, consult an authorised financial adviser.
Is a balanced fund a good investment?
Whether a balanced fund suits your circumstances depends on your risk tolerance, time horizon, and financial goals — this is not a substitute for personal financial advice. The ANZ Investments OneAnswer Balanced Growth Fund holds approximately 78% growth assets and 22% income assets with a risk indicator of 4 out of 7, placing it in the moderate-to-growth range; its 5-year return after fees and before tax was 4.57% p.a. as at the latest QFU. You can compare this fund's features and performance against peers using the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/ and the product disclosure statement.
Are balanced funds good for retirees?
Balanced funds can form part of a retirement portfolio because they combine growth and income assets, but suitability depends on individual circumstances, risk appetite, and drawdown needs — seek personal financial advice. The ANZ Investments OneAnswer Balanced Growth Fund's 4 out of 7 risk indicator and ~78/22 growth-to-income split are relevant data points to consider in that context.
What is the average return on a balanced fund?
Average returns vary significantly across balanced funds and time periods. The ANZ Investments OneAnswer Balanced Growth Fund delivered 4.57% p.a. after fees and before tax over the 5-year period to the latest QFU; the peer-cohort average fee for similar funds is 1.23% p.a., compared to this fund's 0.95% p.a. annual charge. You can view comparable funds and their returns on the FMA Disclose register.
Head-to-head
Compare ANZ Investments OneAnswer Balanced Growth Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Diversified funds
Same manager
Other funds by ANZ Investments
- ANZ Investments OneAnswer Balanced FundDiversified
- ANZ Investments OneAnswer Conservative Balanced FundDiversified
- ANZ Investments OneAnswer Conservative FundDiversified
FMA risk band
Same risk band (4/7)
See every NZ retail managed fund with the same standardised FMA risk indicator. Useful for peer-checking volatility-comparable funds outside this category.
View risk band 4 funds →AI & integrations
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the ANZ Investments OneAnswer Balanced Growth Fund?
ANZ Investments OneAnswer Balanced Growth Fund is managed by ANZ Investments. Asset-management arm of ANZ NZ; runs the OneAnswer multi-fund range.
What asset class is the ANZ Investments OneAnswer Balanced Growth Fund?
It is a diversified managed fund. The fund has a balanced growth risk profile. Multi-asset funds that hold a mix of shares, bonds, cash and sometimes property in a single portfolio. The mix determines the risk profile — aggressive funds hold more shares, conservative funds hold more bonds and cash.
What are the fees for the ANZ Investments OneAnswer Balanced Growth Fund?
The annual fund charge for the ANZ Investments OneAnswer Balanced Growth Fund is 0.95% p.a., as reported in the latest Quarterly Fund Update sourced from the FMA Disclose register. Always check the current PDS for any additional fees.
What is the risk indicator for the ANZ Investments OneAnswer Balanced Growth Fund?
The risk indicator is 4/7 on the standardised FMA-mandated scale, where 1 is lower risk and 7 is higher risk. The risk indicator is calculated from the fund's price volatility over the past five years and is published in every Quarterly Fund Update.
Is the ANZ Investments OneAnswer Balanced Growth Fund a PIE fund?
Yes. The ANZ Investments OneAnswer Balanced Growth Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
How big is the ANZ Investments OneAnswer Balanced Growth Fund?
Fund size (assets under management) is NZ$46 million as at the latest Quarterly Fund Update. Asset mix is approximately 78% growth assets and 22% income assets.
What does the ANZ Investments OneAnswer Balanced Growth Fund invest in?
The latest published top holdings are: Nvidia Corporation (1.66%), Apple Inc (1.48%), Fisher and Paykel Healthcare (1.46%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
How can I invest in the ANZ Investments OneAnswer Balanced Growth Fund?
The ANZ Investments OneAnswer Balanced Growth Fund is available via ANZ Investments directly. Always read the current Product Disclosure Statement before investing.
Is a balanced fund a good investment?
Whether a balanced fund suits your circumstances depends on your risk tolerance, time horizon, and financial goals — this is not a substitute for personal financial advice. The ANZ Investments OneAnswer Balanced Growth Fund holds approximately 78% growth assets and 22% income assets with a risk indicator of 4 out of 7, placing it in the moderate-to-growth range; its 5-year return after fees and before tax was 4.57% p.a. as at the latest QFU. You can compare this fund's features and performance against peers using the FMA Disclose register at https://disclose-register.companiesoffice.govt.nz/ and the product disclosure statement.
Are balanced funds good for retirees?
Balanced funds can form part of a retirement portfolio because they combine growth and income assets, but suitability depends on individual circumstances, risk appetite, and drawdown needs — seek personal financial advice. The ANZ Investments OneAnswer Balanced Growth Fund's 4 out of 7 risk indicator and ~78/22 growth-to-income split are relevant data points to consider in that context.
What is the average return on a balanced fund?
Average returns vary significantly across balanced funds and time periods. The ANZ Investments OneAnswer Balanced Growth Fund delivered 4.57% p.a. after fees and before tax over the 5-year period to the latest QFU; the peer-cohort average fee for similar funds is 1.23% p.a., compared to this fund's 0.95% p.a. annual charge. You can view comparable funds and their returns on the FMA Disclose register.