NZ Funds KiwiSaver Scheme
Growth Strategy
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
- View holdings changes →HoldingsMATERIALJun 2026Top-10 turnover: 3 new, 3 droppedQuarter-on-quarter (Mar 2026 → Jun 2026)
- View fee + return history →FeeMAJORJun 2026Annual fee 2.1092% → 2.01% (-0.10pp)Quarter-on-quarter (Mar 2026 → Jun 2026)
About this aggressive fund
The Growth Strategy sits within the NZ Funds KiwiSaver Scheme as an aggressive KiwiSaver scheme fund. It holds 100% growth assets and 0% income assets, positioning it at the growth-focused end of the scheme's investment lineup. This allocation aims to maximise long-term capital growth for members with extended investment horizons and higher risk tolerance.
Over the five-year period to 30 June 2026, the fund delivered an average annual return of 1.55%, with an annual fee of 2.01%. The peer-median fee for aggressive KiwiSaver scheme funds in the same cohort is 0.85%, meaning this fund's fee sits above the median. Past performance is not a reliable indicator of future returns.
The FMA risk indicator for this fund is 6 out of 7, reflecting its aggressive positioning. Funds at this risk level are typically considered suitable for members who can tolerate significant short-term fluctuations in value and who have a long investment timeframe ahead. This risk profile is generally not appropriate for those nearing retirement or with low risk tolerance.
Holdings
As of 2026-06-30 Growth Strategy reports an asset mix of 100% growth assets (shares, listed property, alternatives) and 0% income assets (cash, bonds, fixed interest). This split is typical for a aggressive fund. The full asset-mix breakdown including overseas vs domestic and listed vs unlisted exposure appears in the asset-allocation chart below.
Performance
Growth Strategy has 2 quarters of QFU data on file (2026-03-31 to 2026-06-30). The 5-year average annual return reported in the most recent QFU is 1.55%. Past performance is not a reliable indicator of future returns.
Fees
At 2.01% in annual charges, Growth Strategy's fee sits 1.15 percentage points above the median for Aggressive KiwiSaver scheme funds in our coverage (median 0.85%). 128 of the 128 funds in this cohort charge a lower annual fee (this fund ranks 129 cheapest of 128). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
Growth Strategy carries a risk indicator of 6/7 on the FMA risk scale. Risk indicator 5-6 funds are typically considered for members with a long investment horizon (10+ years) who can tolerate larger short-term value swings in exchange for higher long-term return potential. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Returns
1.55%
Five Year Average Return
Returns (green) show the fund’s growth over the five years to 30 June 2026, after fees and taxes. Compare these results with the average Aggressive KiwiSaver scheme fund (light green).
1.55% for this fund — category median 7.92% across 36 Aggressive KiwiSaver scheme funds at 30 June 2026. This fund ranks 29 of 36 (19th percentile) by five-year after-fee return.
Past performance is not an indicator of future performance.
Fees
2.01%
One Year Average Fees
Fees shown here (blue) represent what you would pay over a year if you had $30,000 invested in this fund. Compare them with the average fees for Aggressive KiwiSaver scheme funds (light blue).
Asset Mix
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 30 June 2026. The average mix foraggressive KiwiSaver scheme funds is shown in light blue.
Key Takeaways
Here’s the provider’s overview of the managed fund:
“ The objective of the Growth Strategy is to grow your investment over the long term. The fund is anticipated to mainly own and trade New Zealand, Australian and international shares and/or hedge funds over the minimum suggested timeframe. ”
When can I get my money out?
This is a fund within a KiwiSaver scheme, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
Asset mix
This fund's asset mix
Average for Aggressive funds
Your investment mix shapes your outcome
The balance of assets you choose — your asset allocation, has the biggest impact on how your investments perform and how much their value may rise or fall along the way. Selecting that balance is crucial. By adjusting the proportion of growth-oriented investments you include, you’re effectively setting your preferred level of risk. Generally, taking on more risk can increase the potential for higher returns, but there’s never a guarantee — that’s the nature of risk. To find an allocation suited to your personal circumstances (sometimes called your risk profile), you can start with an investor risk questionnaire or a KiwiSaver-specific guide.
Top 10 investments
These assets make up 38.35% of this fund.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | Goldman Sachs Futures | 16.90 | |||
 | Westpac Cash | 4.30 | |||
 | Goldman Sachs OTC Derivatives | 3.48 | |||
 | VanEck Bitcoin ETF/US | 2.07 | |||
 | NVIDIA Corp | 2.05 | |||
 | DiDi Global Inc - ADR | 2.04 | |||
 | Rio Tinto Ltd | 2.04 | |||
 | Mercury NZ Ltd | 1.88 | |||
 | Port of Tauranga Ltd | 1.81 | |||
 | Apple Inc | 1.78 |
Top-10 holdings changes
31 Mar 2026 → 30 Jun 2026
VanEck Bitcoin ETF/US2.07%
NVIDIA Corp2.05%
Apple Inc1.78%
Citibank Hong Kong Cashwas 1.98%
Mainfreight Ltdwas 1.70%
Chorus Ltdwas 1.67%
Goldman Sachs Futures13.41% → 16.90% (+3.49 pp)
Port of Tauranga Ltd1.75% → 1.81% (+0.06 pp)
Goldman Sachs OTC Derivatives6.01% → 3.48% (-2.53 pp)
DiDi Global Inc - ADR2.81% → 2.04% (-0.77 pp)
Westpac Cash4.46% → 4.30% (-0.16 pp)
Rio Tinto Ltd2.19% → 2.04% (-0.15 pp)
Fees
2.01%
This Fund
0.7%
Average Aggressive KiwiSaver scheme funds
The blue segment shows the annual fees you’d pay if you invested $30,000 in this fund. The grey segment represents the typical yearly fees for an average Aggressive KiwiSaver scheme fund, so you can compare them directly.
Smaller Fees, Bigger Potential
When it comes to investing, spending more doesn’t automatically lead to stronger results. In fact, higher fund fees can often eat into your returns. Remember, what you keep is calculated after fees and taxes are deducted. Because no one can predict how any fund will perform, it’s generally wise to look for options with lower costs whenever you can.
Fees breakdown
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| administration Administration fee | — | 29.76 |
| total Total fund charges | 2.01% | — |
Returns
1.55%
This Fund
7.49%
Average Aggressive KiwiSaver scheme funds
Over the past five years, this fund delivered the average annual return shown here (in green) to investors, after fees and taxes (28% PIR) were applied. For comparison, the average return over the same period for all Aggressive KiwiSaver scheme funds is shown in grey.
Returns: Reflecting the Past
Investing is about seeking returns, but the figures shown here represent historical performance—they cannot be relied upon to continue in the future. Selecting a fund solely based on past performance is not advisable. A well-informed decision should consider factors such as an appropriate investment mix for your goals and reasonable fees.
Risks
Risk indicator
This indicator reflects how much the investment’s value has fluctuated over time. It is calculated from the fund’s five-year performance, or from a comparable market index if the fund has a shorter history.
Additional details
Manager information
| Name | NEW ZEALAND FUNDS MANAGEMENT LIMITED |
| Type | NZ Limited Company |
| Website | nzfunds.co.nz |
| NZBN | 9429039444158 |
| FSP Number | FSP27062 |
Fund information
| Asset liquidity ratio | 95.78% |
| Total value of fund | $955339867 |
| Debt ratio | 0.32% |
Fee + return history
View detailed history →Quarterly fees and after-tax returns recorded against this fund since inception. Sourced from FMA Disclose Quarterly Fund Updates. The detailed view shows the full chart + per-quarter data table.
PDS changes
View detailed PDS history →Material changes to the Product Disclosure Statement over time — fee adjustments, asset-allocation shifts, scheme-rule amendments. Diff against the previous PDS shown side-by-side in the detailed view.
Holdings changes
View detailed holdings diff →Top-10-holdings additions, removals, and weight changes across quarters. Shows the manager's actual portfolio decisions over time, sourced from the fund's Quarterly Fund Update.
SIPO changes
View detailed SIPO history →Statement of Investment Policy and Objectives revisions — investment objective rewrites, asset-class target shifts, ESG policy changes, derivatives policy changes. The detailed view diffs against prior SIPO versions.
AI · API · Markdown
Machine-readable surfaceEvery fund page on FundCompare ships with structured JSON and a plain-markdown summary alongside the HTML — so LLMs, MCP clients, and analysts can cite the same regulator-sourced data the page renders. Source documents come from FMA Disclose, IRD, and Sorted Fund Finder.
Identifiers
- FMA fund code
- FND1583
- FSP number
- FSP27062
- NZBN
- 9429039444158
- Provider
- NZ Funds
- Scheme
- NZ Funds KiwiSaver Scheme
Endpoints for Growth Strategy
One-click MCP install
Opens Cursor and adds the MCP server with one confirmation
Opens VS Code MCP install dialog
Full per-client guide + ChatGPT GPT setup at /api/mcp.
Quick examples
cURL
curl -s "https://fundcompare.co.nz/api/fund/nz-funds/growth-strategy/facts.json" | jq .Python
import requests
data = requests.get("https://fundcompare.co.nz/api/fund/nz-funds/growth-strategy/facts.json").json()
print(data["fund_name" if "fund" == "fund" else "name"])MCP (Claude Desktop / ChatGPT)
# Claude Code (CLI):
claude mcp add --transport http fundcompare https://fundcompare.co.nz/mcp
# Cursor / Cline / Continue (settings JSON):
{ "mcpServers": { "fundcompare": { "url": "https://fundcompare.co.nz/mcp" } } }
# Claude Desktop (UI): Settings → Connectors → Add custom connector
# URL: https://fundcompare.co.nz/mcp
# Claude Desktop via JSON (uses npx mcp-remote bridge):
{ "mcpServers": { "fundcompare": {
"command": "npx", "args": ["-y", "mcp-remote", "https://fundcompare.co.nz/mcp"]
} } }
# Tools: search_funds, get_fund, get_provider, get_qfu_filing — anonymous, free.FundCompare is not a Financial Advice Provider. Data is sourced from FMA Disclose, IRD, and Sorted Fund Finder. The endpoints above are free, public, and cached for one hour. KiwiSaver® is a registered trademark of Inland Revenue.
Explore this with AI
Open a fresh AI chat pre-loaded with this page — ask it to summarise, explain, or compare, and it can read FundCompare's underlying data directly.
Compare every fund on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
Compare
Learn
Important Information and Disclosure
The information provided on this website is not a recommendation to buy, sell, or hold any financial products. Nothing on this website constitutes financial advice for the purposes of the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider.
Investing involves risk. The value of your investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
Before making any investment decision, you should read the Product Disclosure Statement (PDS) for the fund carefully. If you have questions or are unclear about the implications of your investment decision, you should seek advice from a licensed Financial Advice Provider.
All information displayed is sourced from scheme providers, the Disclose Register, and the Sorted Smart Investor universal feed (operated by Te Ara Ahunga Ora Retirement Commission), or other publicly available sources. We take reasonable steps to ensure accuracy but cannot guarantee information is always current or complete.
FundCompare.co.nz may receive referral fees or commissions from scheme providers if you sign up via links on this website. These payments do not influence the order, ranking, or inclusion of products displayed.
For more information, please see our Terms of Service, Privacy Policy, and Disclosure Statement.
This website is operated by FundCompare.co.nz and is not endorsed by, or affiliated with, the New Zealand government or Inland Revenue. FundCompare.co.nz is using the KiwiSaver trade mark and logo under licence from Inland Revenue. To view the official New Zealand government KiwiSaver website, please click here.
© 2026 FundCompare.co.nz. All rights reserved.