Choose our Lifetimes option or from our funds

The ANZ KiwiSaver Scheme and ANZ Default KiwiSaver Scheme both have six funds. You can choose between the funds by:

  • selecting our Lifetimes option where your savings are moved through the six funds based on your age
  • selecting from one of our six funds yourself.

About our Lifetimes option

Our Lifetimes option is not a separate fund. When you select the Lifetimes option, at any one time your savings are invested in one of our six funds based on your age.

As you get older and reach the next age range, we move your savings to a different fund (as shown below). We keep doing this until you turn 65, when your savings stay invested in the Cash Fund until you withdraw them. You can switch in and out of the Lifetimes option at any time.  

Age Fund
0 - 35  Growth 
36 - 45 Balanced Growth
46 - 55 Balanced 
56 - 60 Conservative Balanced
61 - 64 Conservative 
65 +  Cash 

 

The key benefit is that you’re always invested in a fund that has levels of risk and expected returns that are considered appropriate for an average person of your age.

Find out more about our Lifetimes option.

Case study: Marama

Marama chose our Lifetimes option and is currently in the Growth Fund as she is 20 years old. As Marama gets older she will automatically be moved to a different fund that has an appropriate risk/return profile for an average person of her age. Watch Marama’s video to find out more.

 

Our funds

Below you will find a description of our six funds, along with an indication of the risk/return profile and the benchmark asset class mix. 

Growth Fund

Invests mainly in share and listed property assets, with a smaller exposure to cash and fixed interest assets.

 Growth Fund 1 July

  

Balanced Growth Fund

Invests mainly in share and listed property assets, with some exposure to cash and fixed interest assets.

Blanced Growth 1 July

 

Our funds continued...

Balanced Fund

Invests in cash and fixed interest assets, with similar amounts of share and listed property assets.

Balance Fund 1 July

 

Conservative Balanced Fund

Invests mainly in cash and fixed interest assets, with some exposure to share and listed property assets

Conservative Balanced 1 July

 

Conservative Fund

Invests mainly in cash and fixed interest assets, with a smaller exposure to share and listed property assets

 Conservative Fund 1 July

 

There are some differences in the way we manage the Conservative Funds within the ANZ KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme. All of our funds, and underlying funds they invest in, are actively managed except for the underlying fund for international share assets for the ANZ Default KiwiSaver Scheme Conservative Fund (which is passively managed).

For more information please see the investment statement relevant to the scheme you belong to.

Cash Fund

Invests in overnight deposits and term deposits with New Zealand-registered banks. A minimum of 5% of the Cash Fund must be held in overnight deposits. 

Cash Fund 1 July

 

Need help?

If  you want help choosing from our funds, you can:

Not sure which KiwiSaver scheme you're in? Find out how you can check. 

 

You can change your choice at any time

Find out how to change funds.

 The fine print Hide
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Investment statements

Our KiwiSaver investment statements