Investment mix:
- 95% growth assets
- 5% income assets
Annual fund charge:
- 0.98%
Lifetimes option:
- Not currently part of the Lifetimes option
Understanding our funds
Learn the difference between our funds. Watch our video to find out what a fund is and how they work.
How does your fund choice affect your returns?
Each of the ANZ-managed KiwiSaver schemes has a range of different funds, so you can choose how your savings are invested.
It’s important to note the fund you’re invested in can make a big difference to the amount you have when you retire (or when you withdraw your savings to buy your first home).
How are our funds different?
Each of our funds has a different mix of investment assets (e.g. shares, property, fixed interest and cash). Each type of asset has different levels of risk and return.
Growth assets are likely to experience larger movements in value compared to income assets. However, they’re also expected to achieve higher returns over the long term.
Choosing a fund
You can choose a fund by selecting from one of two options:
Our funds
Here is an overview of our funds. You can choose to invest your KiwiSaver savings into one or multiple funds.
The minimum suggested investment timeframe refers to the time until you plan to withdraw some or all of your savings (e.g. for your first home or retirement).
Select a scheme to see your options.
Growth Fund
Minimum suggested investment timeframe
7 years
Investment mix:
- 78% growth assets
- 22% income assets
Annual fund charge:
- 0.98%
Lifetimes option age range:
- 0-35
Balanced Growth Fund
Minimum suggested investment timeframe
6 years
Investment mix:
- 63% growth assets
- 37% income assets
Annual fund charge:
- 0.92%
Lifetimes option age range:
- 36-45
Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 48% growth assets
- 52% income assets
Annual fund charge:
- 0.89%
Lifetimes option age range:
- 46-55
Conservative Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 33% growth assets
- 67% income assets
Annual fund charge:
- 0.75%
Lifetimes option age range:
- 56-60
Conservative Fund
Minimum suggested investment timeframe
4 years
Investment mix:
- 18% growth assets
- 82% income assets
Annual fund charge:
- 0.63%
Lifetimes option age range:
- 61-64
Cash Fund
Minimum suggested investment timeframe
No minimum
Investment mix:
- 100% income assets
Annual fund charge:
- 0.25%
Lifetimes option age range:
65+
From 1 December 2021, the ANZ Default KiwiSaver Scheme is no longer a default scheme and is closed to new members. If you’re currently a member of the ANZ Default KiwiSaver Scheme, and you’ve chosen a fund, this closure doesn’t affect your KiwiSaver account at all. You’ll continue to be invested in the fund you selected, and enjoy all the benefits that come with it.
If you haven’t chosen a fund, your KiwiSaver account will automatically be transferred to a Balanced Fund with one of the new or re-appointed default providers.
High Growth Fund
Minimum suggested investment timeframe
9 years
Investment mix:
- 95% growth assets
- 5% income assets
Annual fund charge:
- 0.99%
Lifetimes option:
- Not currently part of the Lifetimes option
Growth Fund
Minimum suggested investment timeframe
7 years
Investment mix:
- 78% growth assets
- 22% income assets
Annual fund charge:
- 0.99%
Lifetimes option age range:
- 0-35
Balanced Growth Fund
Minimum suggested investment timeframe
6 years
Investment mix:
- 63% growth assets
- 37% income assets
Annual fund charge:
- 0.93%
Lifetimes option age range:
- 36-45
Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 48% growth assets
- 52% income assets
Annual fund charge:
- 0.90%
Lifetimes option age range:
- 46-55
Conservative Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 33% growth assets
- 67% income assets
Annual fund charge:
- 0.76%
Lifetimes option age range:
- 56-60
Conservative Fund
Minimum suggested investment timeframe
4 years
Investment mix:
- 18% growth assets
- 82% income assets
Annual fund charge:
- 0.46%
Lifetimes option age range:
- 61-64
Cash Fund
Minimum suggested investment timeframe
No minimum
Investment mix:
- 100% income assets
Annual fund charge:
- 0.26%
Lifetimes option age range:
65+
High Growth Fund
Minimum suggested investment timeframe
9 years
Investment mix:
- 95% growth assets
- 5% income assets
Annual fund charge:
- 0.99%
Lifetimes option:
- Not currently part of the Lifetimes option
Growth Fund
Minimum suggested investment timeframe
7 years
Investment mix:
- 78% growth assets
- 22% income assets
Annual fund charge:
- 0.99%
Lifetimes option age range:
- 0-35
Balanced Growth Fund
Minimum suggested investment timeframe
6 years
Investment mix:
- 63% growth assets
- 37% income assets
Annual fund charge:
- 0.93%
Lifetimes option age range:
- 36-45
Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 48% growth assets
- 52% income assets
Annual fund charge:
- 0.90%
Lifetimes option age range:
- 36-45
Conservative Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 33% growth assets
- 67% income assets
Annual fund charge:
- 0.76%
Lifetimes option age range:
- 56-60
Conservative Fund
Minimum suggested investment timeframe
4 years
Investment mix:
- 18% growth assets
- 82% income assets
Annual fund charge:
- 0.64%
Lifetimes option age range:
- 61-64
Cash Fund
Minimum suggested investment timeframe
No minimum
Annual fund charge:
- 0.26%
NZ Fixed Interest Fund
Minimum suggested investment timeframe
5 years
Annual fund charge:
- 0.37%
International Fixed Interest Fund
Minimum suggested investment timeframe
5 years
Annual fund charge:
- 0.53%
Australasian Property Fund
Minimum suggested investment timeframe
10 years
Annual fund charge:
- 1.03%
International Property Fund
Minimum suggested investment timeframe
10 years
Annual fund charge:
- 1.03%
Australasian Share Fund
Minimum suggested investment timeframe
10 years
Annual fund charge:
- 1.02%
International Share Fund
Minimum suggested investment timeframe
10 years
Annual fund charge:
- 1.00%
Select International Share Fund
Minimum suggested investment timeframe
10 years
Annual fund charge:
- 0.95%
Need help choosing a fund?
Spending a few minutes now to choose the right fund for your life stage can make a huge difference to the amount you have to withdraw. Find the fund that may best suit you – whether you’re saving for a first home or retirement.
Contact us
Changing funds
There are three ways to change the fund your savings are invested in:
Guide to your KiwiSaver account in ANZ Internet Banking
Find step-by-step instructions on how to change funds in Internet Banking.
Important information
ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the ANZ KiwiSaver Scheme, the OneAnswer KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme (no longer a default scheme and closed to new members). For the scheme guides and product disclosure statements see KiwiSaver documents and forms or ask at any ANZ branch.
ANZ Investments is not an authorised deposit-taking institution under Australian law and investments in the schemes are not deposits in or liabilities of ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited or their subsidiaries (together ‘ANZ Group’). ANZ Group does not stand behind or guarantee ANZ Investments. Investments in the schemes are subject to risk, including possible repayment delays or loss of income and principal invested. ANZ Group will not be liable to you for the capital value or performance of your investment.
This material is for information purposes only. Please talk to us if you need financial advice about your situation and goals or about our products and services. See our Financial advice provider disclosure statement (PDF 39.9KB).