SBS Wealth Balanced Strategy
Managed by SBS Wealth 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
1.03%
vs peer avg 1.10%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 3.77%
Fund size
NZ$17.1m
53% growth · 47% income
The Strategy aims to achieve medium capital growth and returns over the medium to long term, with an emphasis on balancing capital growth with stable returns. The Strategy invests into the following SBS Wealth funds: 45% into the World Equity Portfolio; 15% into the Australasian Equity Portfolio; 25% into the World Bond Portfolio; and 15% into the New Zealand Bond Portfolio.
Key facts
Fund start date
27 June 2024
Min. investment
NZ$500
Tax structure
PIE
Capped at your PIR (max 28%)
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
1.03%
Category median: 0.99%
Mid-pack — cheaper than 43% of peers
Fund size
NZ$17.1m
Category median: NZ$57.5m
29th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$504
Compounded charge over 5 years (excl. returns)
$19 more than peer median
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 |
|---|---|
| DG Dimensional Global Sustainability PIE Fund (NZD Hedged) | 21.34% |
| HN Harbour NZ Core Fixed Interest Fund | 14.37% |
| IG IShares Global Aggregate Bond ESG UCITS ETF NZD Hedged | 11.16% |
| HG Hunter Global Fixed Interest Fund | 4.39% |
| DT Dimensional Two-Year Sustainability Fixed Interest PIE Fund | 4.21% |
| DG Dimensional Global Bond Sustainability PIE Fund | 4.07% |
| $ Cash Deposit (ANZ Bank) | 3.93% |
| SG Schroder Global Emerging Markets Fund | 3.07% |
| DA Dimensional Australian Sustainability PIE Fund | 2.72% |
| MG Munro Global Growth Climate Leaders PIE Fund | 1.84% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- BALANCED STRATEGY (FND49639) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.43 KB
- SBS Wealth Investment Funds Product Disclosure Statement 112025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 230.57 KB
- INVESTMENT UPDATE Balanced Strategy 31032026 .pdf The quarterly update published by the provider PDF, 300.47 KB
- SBS Wealth Investment Funds Statementof Investment Policyand Objectives 112025.pdf The statement of investment policy and objectives for each of the SBS Wealth Investment Funds PDF, 320.30 KB
- Lifestages Investment Funds Noteonstructure.DOCX.pdf Lifestages Investment Funds - Note on structure PDF, 194.79 KB
- SBS Wealth Investment Funds Other Material Information 112025.pdf This document contains additional material information about the SBS Wealth Investment Funds and should be read alongside the PDS. It
- Lifestages Investment Funds Consolidated Establishment Deeds 1 November 2016.pdf Consolidated Establishment Deeds for each of the Lifestages Investment Funds PDF, 3.02 MB
- SBS Wealth Liquidity Risk Management Policy 2024.pdf SBS Wealth Liquidity Risk Management Policy 2024 PDF, 1.69 MB
- Lifestages Investment Funds Consolidated Master Trust Deed 1 November 2016.pdf Consolidated Master Trust Deed for the Lifestages Investment Funds PDF, 705.20 KB
- SBS Wealth Investment Funds Statementof Investment Policyand Objectives 112025.pdf Statement of investment policy and objectives PDF, 320.30 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 SBS Wealth
SBS Bank-branded retail managed-fund range issued by FundRock NZ; multi-asset strategies plus Australasian / world equity and bond portfolios.
Parent: SBS Bank
See all funds from SBS Wealth →Head-to-head
Compare SBS Wealth Balanced Strategy with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Diversified funds
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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 SBS Wealth Balanced Strategy?
SBS Wealth Balanced Strategy is managed by SBS Wealth (parent: SBS Bank). SBS Bank-branded retail managed-fund range issued by FundRock NZ; multi-asset strategies plus Australasian / world equity and bond portfolios.
What asset class is the SBS Wealth Balanced Strategy?
It is a diversified managed fund. The fund has a balanced 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 SBS Wealth Balanced Strategy?
The annual fund charge for the SBS Wealth Balanced Strategy is 1.03% 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 SBS Wealth Balanced Strategy?
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 SBS Wealth Balanced Strategy a PIE fund?
Yes. The SBS Wealth Balanced Strategy 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 SBS Wealth Balanced Strategy?
Fund size (assets under management) is NZ$17 million as at the latest Quarterly Fund Update. Asset mix is approximately 53% growth assets and 47% income assets.
What does the SBS Wealth Balanced Strategy invest in?
The latest published top holdings are: Dimensional Global Sustainability PIE Fund (NZD Hedged) (21.34%), Harbour NZ Core Fixed Interest Fund (14.37%), IShares Global Aggregate Bond ESG UCITS ETF NZD Hedged (11.16%). 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 SBS Wealth Balanced Strategy?
The SBS Wealth Balanced Strategy is available via SBS Wealth directly. Always read the current Product Disclosure Statement before investing.