About this fund and who it may suit
The Growth Fund aims for high long-term returns, allowing for large ups and downs in value.
This fund could suit investors looking to grow their KiwiSaver savings over the long term, who are comfortable with large changes in value and don't expect to access their savings for many years.
Minimum suggested investment timeframe is 7 or more years. The minimum suggested timeframe indicates how long to stay invested to manage short-term ups and downs and give your investment time to recover from any drops in value.
How risk affects volatility
The risk indicator for this fund is 5, on a scale from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk means higher potential returns over time, but more ups and downs along the way.
Wondering if this fund is right for you? Our fund chooser tool could help.
OneAnswer – for a more personalised portfolio
The OneAnswer KiwiSaver Scheme is designed for investors with external financial advisers or who want to take a more personal approach to their KiwiSaver account. With access to a wide range of funds investors have the ability to build a customised portfolio.
To join the OneAnswer KiwiSaver Scheme, contact your financial adviser or complete the application form at the back of the OneAnswer KiwiSaver Scheme Product Disclosure Statement (PDF 906.3KB).
Fund performance
Performance as at 30 September 2026
Performance is after the annual fund charge and before tax.
3 months | 1 year | 3 years (p.a.) | 5 years (p.a.) | 10 years (p.a.) | Since launch (p.a.) | |
|---|---|---|---|---|---|---|
Growth Fund | 0.28% | 10.62% | 12.47% | 5.88% | 8.31% | 7.43% |
Fund performance over time
This graph shows the value of a $1,000 investment made when the fund launched.
What the fund invests in
The fund invests mainly in growth assets (Australasian equities and international equities), with a small exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.
This graph shows the mix of assets that the fund generally intends to invest in.
See the fund's investments in the full portfolio holdings spreadsheet:
Fund fee
% of your investment balance | |
|---|---|
Growth Fund annual fund charge | 0.99% |
Unit price
A unit is a small share of the overall fund. The unit price is the price of one unit.
The unit price is calculated by dividing the fund’s net asset value by the number of units in the fund.
Fund quarterly update
Fund insights for last quarter
What happened this quarter (three months to 30 September 2026)
The fund has a significant allocation to shares, making them the primary driver of performance. Global share markets experienced a volatile quarter as renewed hostilities in the Middle East pushed oil prices higher and fuelled concerns that inflation could remain elevated for longer. Despite this uncertainty, international share markets delivered modest gains overall.
In the US, share markets were supported by another strong earnings season, with many companies continuing to report resilient profits despite a more challenging economic backdrop. New Zealand shares also rose over the quarter, although returns were more modest as inflation pressures and higher interest rates continued to weigh on the domestic economy.
While share markets proved relatively resilient, rising inflation concerns also prompted several central banks to raise interest rates. In the US, the Federal Reserve increased interest rates for the first time since 2023, while the European Central Bank also moved rates higher. In New Zealand, the Reserve Bank increased the Official Cash Rate twice, taking it to 2.75%, and signalled that further increases may be required. Expectations that interest rates could remain higher for longer weighed on bond markets and other interest rate-sensitive assets.
Performance reflected a mixed environment across financial markets. International share investments delivered positive returns and were the main contributor to performance. However, gains from equities were partly offset by weakness in bonds, property and infrastructure assets as rising interest rates weighed on valuations.
Looking ahead, inflation and interest rate expectations are likely to remain key drivers of market performance. While uncertainty remains elevated, the fund remains diversified across regions and asset classes and continues to focus on delivering long-term growth.
How global and local markets performed last quarter
Choosing a fund
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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.
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).
Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.