Investment mix:
- 95% growth assets
- 5% income assets
Annual fund charge:
- 0.99%
Lifetimes option:
- Not currently part of the Lifetimes option
Compare our funds
Compare the funds in the ANZ KiwiSaver Scheme, ANZ Default KiwiSaver Scheme and the OneAnswer KiwiSaver Scheme.
Understanding our funds
Learn the difference between our funds. Watch our video to find out what a fund is and how they work.
Transcript - Understanding our funds
[Text on screen: Ask an ANZ expert, understanding our funds. Sam, KiwiSaver Expert – ANZ]
Sam: I get asked about the difference between our KiwiSaver Scheme funds a lot.
The easiest way to get your head around it is to start with the basics. Like what exactly is a fund?
[Text on screen: What’s a fund?]
Sam: A fund is a way of pooling your money with other investors, which means you benefit from working as part of a group.
Funds invest that pooled money in a mix of assets. These can be split up into two categories, Growth assets and Income assets.
[Text on screen: Growth, income]
Sam: Growth assets? Think shares or listed property. They’re higher risk but have the potential for higher returns. Income assets are things like cash and bonds. They’re lower risk, so you do need to be willing to accept lower returns.
[Text on screen: Growth = higher potential returns; Income = lower potential returns]
Sam: By the way, returns means the money you make on top of the money you invest.
The ANZ KiwiSaver Scheme has seven funds to choose from. I’m not going to deep dive into them here. We’d need way more time.
[Video: Seven tea canisters each with a label: Cash, Conservative, Conservative Balanced, Balanced, Balanced Growth, Growth and High Growth]
Sam: Basically, a High Growth Fund has a higher proportion of growth assets and a small amount of income assets. On the other hand, our Conservative Fund has a higher proportion of income assets, with a small amount of growth assets.
The fund you choose comes down to where you’re at in life.
[Text on screen: Age and stage]
Sam: For example, if you’ve got ages ‘til retirement, you’re better placed to ride out the ups and downs of higher growth funds and reap potentially bigger returns. But you could rethink this if you’re planning on using your KiwiSaver savings for your first home in the next few years. In that case you might go for a more conservative fund to give you more certainty about your deposit amount.
It's pretty standard – and wise – to review the fund you’re in every now and then. The key is understanding your options, so that if you do switch to a different fund, you do it with confidence. A little time schooling up now could literally pay off in the long run. Of course, we’re here to help too.
[Text on screen: ANZ logo. ANZ New Zealand Investments Limited is the issuer and manager of the ANZ KiwiSaver Scheme. PDS available at anz.co.nz. We recommend seeking financial advice about your situation and goals before getting a financial product]
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:
- 80% growth assets
- 20% income assets
Annual fund charge:
- 0.99%
Lifetimes option age range:
- 0-35
Balanced Growth Fund
Minimum suggested investment timeframe
6 years
Investment mix:
- 65% growth assets
- 35% income assets
Annual fund charge:
- 0.95%
Lifetimes option age range:
- 36-45
Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 50% growth assets
- 50% income assets
Annual fund charge:
- 0.91%
Lifetimes option age range:
- 46-55
Conservative Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 35% growth assets
- 65% income assets
Annual fund charge:
- 0.76%
Lifetimes option age range:
- 56-60
Conservative Fund
Minimum suggested investment timeframe
4 years
Investment mix:
- 20% growth assets
- 80% income assets
Annual fund charge:
- 0.64%
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+
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:
- 80% growth assets
- 20% income assets
Annual fund charge:
- 0.99%
Lifetimes option age range:
- 0-35
Balanced Growth Fund
Minimum suggested investment timeframe
6 years
Investment mix:
- 65% growth assets
- 35% income assets
Annual fund charge:
- 0.95%
Lifetimes option age range:
- 36-45
Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 50% growth assets
- 50% income assets
Annual fund charge:
- 0.91%
Lifetimes option age range:
- 46-55
Conservative Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 35% growth assets
- 65% income assets
Annual fund charge:
- 0.76%
Lifetimes option age range:
- 56-60
Conservative Fund
Minimum suggested investment timeframe
4 years
Investment mix:
- 20% growth assets
- 80% 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:
- 80% growth assets
- 20% income assets
Annual fund charge:
- 0.99%
Lifetimes option age range:
- 0-35
Balanced Growth Fund
Minimum suggested investment timeframe
6 years
Investment mix:
- 65% growth assets
- 35% income assets
Annual fund charge:
- 0.95%
Lifetimes option age range:
- 36-45
Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 50% growth assets
- 50% income assets
Annual fund charge:
- 0.91%
Lifetimes option age range:
- 36-45
Conservative Balanced Fund
Minimum suggested investment timeframe
5 years
Investment mix:
- 35% growth assets
- 65% income assets
Annual fund charge:
- 0.76%
Lifetimes option age range:
- 56-60
Conservative Fund
Minimum suggested investment timeframe
4 years
Investment mix:
- 20% growth assets
- 80% 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%
Sustainable 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
From overseas: +64 9 356 4000
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).