Balanced Fund
Overview
Invests across multiple asset classes and aims to achieve long-term returns (before fees, taxes and other expenses) greater than a composite benchmark relating to the fund’s target investment mix. Investors can expect moderate to high levels of movement up and down in value and to receive longer-term returns that are lower than those of the Growth Fund (but with less risk).
Unit Price
1.2702 NZD
Month End Unit Price
1.2538 NZD
The unit prices shown do not take into account any adjustment for any accrued PIE tax that individual investors may need to pay on withdrawal. Buy/sell spreads may apply when transacting - there are currently none.
Manager's Comment
Major Investments
| Company name | % of fund |
|---|---|
| Hunter Global Fixed Interest Fund | 16.40% |
| Fisher & Paykel Healthcare Corporation Limited | 2.18% |
| BNZ Transactional Account NZD | 2.09% |
| New Zealand Government 1.5% 15/05/2031 | 1.46% |
| Nvidia Corp | 1.26% |
| New Zealand Government 14/04/2033 3.5% | 1.25% |
| New Zealand Government 4.25% 15/05/2036 | 1.24% |
| Apple Inc | 1.21% |
| Infratil Limited | 1.18% |
| Goodman NZ Ltd & Goodman Property Services Ltd | 1.17% |
| Major holdings as % of total portfolio | 29.44% |
Performance Fact Sheets
Monthly Performance
Quarterly Performance
Performance over time
Return Comparison
| 1 Month | 3 Months | 1 Year | *3 Years | *Since commenced operation | |
|---|---|---|---|---|---|
| Net Fund Return | 1 Month -0.94% | 3 Months 0.78% | 1 Year 3.84% | *3 Years 8.61% | *Since commenced operation 4.22% |
| Gross Fund Return | 1 Month -0.85% | 3 Months 1.05% | 1 Year 5.01% | *3 Years 9.84% | *Since commenced operation 5.42% |
| Composite Index | 1 Month -0.24% | 3 Months -0.23% | 1 Year 5.92% | *3 Years 10.71% | *Since commenced operation 5.80% |
*Annualised
Net Fund Returns are calculated before deduction of taxes but after deduction of fund charges and trading expenses and including imputation credits and foreign tax credits where available. Prior to October 2022 Net Fund Returns were calculated after deduction of fund charges, trading expenses and accrued tax for a New Zealand resident paying individual tax at the highest Prescribed Investor Rate (28%). Gross Fund Returns are calculated before deduction of taxes and fund charges but after deduction of trading expenses and including imputation credits and foreign tax credits where applicable. Market index returns do not have any deductions for fund charges, trading expenses or tax.
Fund Update
As at 30 September 2026
This document tells you how the Balanced Fund has performed and what fees were charged. The document will help you to compare the fund with other funds. (Please note that this fund was previously known as the Forsyth Barr Balanced Fund, and that Fund Updates may refer to the fund by that name.)
General Fund Information
Risk indicator
Potentially lower returns
Potentially higher returns
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Lower risk
Higher risk
The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the relevant fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The risk indicator is based on the returns data for the five years to 30 June 2026. See more information about the risks of investing in the Product Disclosure Statement.
Tactical asset allocation (last updated 25 September 2026)
| Cash and cash equivalents | 4.50% |
| New Zealand fixed interest | 21.00% |
| International fixed interest | 16.50% |
| Australasian equities | 17.00% |
| International equities | 35.00% |
| Listed property | 6.00% |
Things to note
- Manager: Salt Investment Funds Limited
- Investment manager: Octagon Asset Management Limited
- Date the fund started: 11 December 2020
- Tax status: Portfolio Investment Fund (PIE)
- Minimum suggested investment time frame: At least five years
- Benchmark: A composite benchmark relating to the fund’s target investment mix.
- Currency: New Zealand dollars
View the Product Disclosure Statement for detailed information about this Fund and Octagon Investment Funds Scheme.
Fees
- Annual fund charges are currently 1.15% p.a. of the value of your investment. We pay management and administration charges along with the Supervisor fee out of this. All fees and charges are quoted exclusive of GST.
Important resources
Product disclosure statement
Product Disclosure Statement PDF (2.1 MB)
Annual report and financial statement
Other material information
Other material information PDF (742 KB)
PIE information
PIR Flow Diagram
Guide To PIE
Advantages Of PIE
Governing documents
Statement Of Investment Policy And Objectives PDF (845 KB)
Deed of Amendment and Restatement of Master Unit Trust Deed PDF (1023 KB)
Deed of Amendment and Restatement Establishment Deed PDF (606 KB)
Salt Investment Funds Limited is the issuer and Octagon Asset Management Limited the investment manager of the Octagon Investment Funds. The comments on this webpage do not take your personal circumstances into account. Before acting on any information on this webpage, we recommend you seek financial advice. Past performance is not a reliable guide to future performance. Salt Investment Funds Limited, Octagon Asset Management Limited and their affiliates do not make any representation or warranty (express or implied) that this webpage is accurate, complete, or current and to the maximum extent permitted by law disclaim any liability for loss which may be incurred by any person relying on this webpage. This webpage is not intended to be distributed or made available to any person in any jurisdiction where doing so would constitute a breach of any applicable laws or regulations.
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