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4

Risk Level 4 KiwiSaver Scheme Funds

Medium Risk (Balanced)

Risk Level 4 funds offer true balance with 40-60% in growth assets, providing moderate growth potential with reasonable stability. Compare all 105 funds ranked by 5-year returns.

Total Funds
105
Risk Level 4
Average Return
5.43%
5-year average
Average Fees
0.87%
Annual fees
Time Horizon
10-15 years
Recommended

Risk Level 4 Details

✓Suited to:

  • • Investors 10-15 years from retirement
  • • Moderate risk tolerance
  • • Ages 45-60 typically
Volatility: Medium - Moderate losses possible

⚠Not Suitable For:

  • • Near-retirees (under 5 years)
  • • First home buyers
  • • Very long-term investors seeking maximum growth

All Risk Level 4 Funds Ranked by Performance

RankFund NameProviderFund Type5-Year ReturnFeesMembers
#1AMP Growth FundAMPGrowth18.10%0.85%31k
#2Mercer Balanced FundAMPBalanced14.12%1.26%2k
#3Asia Pacific FundSmartsharesAggressive12.80%0.59%1k
#4Superlife Moderate FundAMPBalanced12.37%1.07%1k
#5Quaystreet Growth FundSmartsharesGrowth9.53%1.37%3k
#6Growth FundAnglicanGrowth8.78%1.50%1k
#7Sustainable High Growth FundMercerAggressive8.33%0.89%8k
#8Automatic Fund (Age 40)SuperEasyGrowth8.08%0.51%0k
#9Stepping Stones Growth 51-55GenerateGrowth7.96%1.39%1k
#10Stepping Stones 36-45GenerateGrowth7.96%1.39%2k
#11Quaystreet Socially Responsible Investment FundSmartsharesBalanced7.76%1.12%0k
#12Quaystreet Balanced FundSmartsharesBalanced7.71%1.12%1k
#13Aggressive FundSuperEasyGrowth7.51%0.32%1k
#14Growth FundASBGrowth7.50%0.70%149k
#15Growth FundSimplicityGrowth7.23%0.24%45k
#16Quaystreet Altum FundSmartsharesBalanced7.12%1.37%0k
#17Growth FundMASGrowth7.10%0.98%6k
#18Sustainable Growth FundMercerGrowth7.04%0.84%6k
#19Shielded Growth FundBoosterAggressive7.00%1.41%1k
#20Superlife Growth FundAMPGrowth7.00%1.17%4k
#21Global Select Growth FundAMPGrowth6.85%1.27%5k
#22BNZ Kiwisaver Growth FundBNZGrowth6.81%0.45%54k
#23Growth FundGenerateGrowth6.74%1.25%53k
#24Growth FundSmartsharesGrowth6.74%0.61%2k
#25AMP Aggressive FundAMPAggressive6.70%0.85%30k
#26AMP Aggressive Fund (Lifesteps)AMPAggressive6.70%0.85%13k
#27Superlife Age Steps - Age 30SmartsharesGrowth6.67%0.62%0k
#28Superlife Age Steps - Age 40SmartsharesGrowth6.67%0.62%0k
#29Milford Kiwisaver Active Growth FundMilfordGrowth6.60%1.05%107k
#30Growth FundWestpacGrowth6.56%0.55%115k
#31Growth FundBoosterGrowth6.42%1.25%3k
#32Balanced PortfolioMaritimeBalanced6.20%0.70%0k
#33AMP Balanced Fund No. 2AMPBalanced6.20%0.85%2k
#34Stepping Stones 46-55GenerateBalanced6.15%1.36%2k
#35Stepping Stones Growth 56-60GenerateBalanced6.15%1.36%0k
#36Balanced FundAnglicanBalanced6.06%1.35%2k
#37AMP Growth Fund (Lifesteps)AMPGrowth5.90%0.85%10k
#38Aurora Balanced StrategyFundrockBalanced5.80%0.38%1k
#39Balanced FundNZ FundsBalanced5.78%0.00%0k
#40High Growth FundBoosterAggressive5.71%1.30%29k
#41Balanced FundASBGrowth5.71%0.65%102k
#42Global Select Balanced Growth FundAMPGrowth5.65%1.18%6k
#43Pathfinder Kiwisaver Growth FundPathfinderGrowth5.56%1.37%8k
#44Lifestages Auto Option Age 55 - 59SBSBalanced5.53%1.05%1k
#45Superlife Growth FundSmartsharesGrowth5.50%0.71%2k
#46Stepping Stones 56-60GenerateBalanced5.49%1.30%1k
#47Balanced FundMASBalanced5.48%0.99%5k
#48Balanced Growth FundANZGrowth5.37%0.92%8k
#49Balanced Growth FundANZGrowth5.37%0.92%98k
#50BNZ Kiwisaver Balanced FundBNZBalanced5.35%0.45%25k
#51Sustainable Balanced FundMercerBalanced5.35%0.75%12k
#52Balanced FundSimplicityBalanced5.28%0.24%15k
#53Superlife Balanced FundAMPBalanced5.27%1.12%1k
#54Socially Responsible Balanced FundBoosterBalanced5.25%1.33%12k
#55Balanced FundSmartsharesGrowth5.20%0.60%1k
#56Balanced FundWestpacBalanced5.19%0.50%78k
#57Ethica FundSmartsharesBalanced5.16%0.70%1k
#58Growth FundMercerGrowth5.14%0.79%2k
#59Superlife Age Steps - Age 50SmartsharesGrowth5.12%0.71%0k
#60Automatic Fund (Age 60)SuperEasyBalanced5.08%0.51%0k
#61Milford Kiwisaver Balanced FundMilfordBalanced5.04%1.05%34k
#62Superlife Age Steps - Age 60SmartsharesBalanced4.98%0.60%0k
#63Balanced FundBoosterBalanced4.87%1.19%1k
#64Growth FundSuperEasyGrowth4.83%0.32%1k
#65Summer GrowthSummerGrowth4.80%0.89%2k
#66Pathfinder Kiwisaver Balanced FundPathfinderBalanced4.79%1.25%3k
#67Investnow Foundation Series Balanced FundFundrockBalanced4.77%0.36%1k
#68AMP Balanced FundAMPBalanced4.55%0.85%26k
#69AMP Moderate Balanced FundAMPBalanced4.48%0.84%17k
#70Goalsgetter Amova Balanced FundNikkoGrowth4.47%1.22%0k
#71Superlife Balanced FundSmartsharesBalanced4.28%0.70%1k
#72Balanced FundANZBalanced4.20%0.88%8k
#73Balanced FundANZBalanced4.20%0.88%86k
#74AMP Balanced Fund (Lifesteps)AMPBalanced4.11%0.85%9k
#75BNZ Kiwisaver Moderate FundBNZBalanced3.97%0.45%27k
#76Balanced FundSuperEasyBalanced3.96%0.32%0k
#77Balanced FundMercerBalanced3.95%0.72%3k
#78Moderate FundMASBalanced3.89%0.95%1k
#79Asset Class Balanced FundBoosterBalanced3.84%1.32%1k
#80Balanced FundFisherBalanced3.82%1.11%101k
#81Moderate FundWestpacBalanced3.80%0.40%35k
#82AMP Moderate Balanced Fund (Lifesteps)AMPBalanced3.78%0.84%10k
#83Sustainable Moderate FundMercerBalanced3.76%0.66%5k
#84Lifestages Auto Option Age 60 - 64SBSBalanced3.67%0.99%1k
#85Moderate FundASBBalanced3.67%0.60%73k
#86Summer BalancedSummerBalanced3.65%0.90%2k
#87Superlife Age Steps - Age 70SmartsharesBalanced3.59%0.58%0k
#88AMP Moderate Fund (Lifesteps)AMPBalanced3.55%0.84%9k
#89AMP Moderate FundAMPBalanced3.55%0.84%13k
#90Conservative PortfolioMaritimeConservative3.53%0.61%0k
#91Conservative Balanced FundANZBalanced3.10%0.73%41k
#92Conservative Balanced FundANZBalanced3.10%0.73%3k
#93Pie Kiwisaver Balanced FundPieBalanced3.07%0.69%1k
#94Moderate FundMercerBalanced2.97%0.71%0k
#95Socially Responsible Moderate FundBoosterConservative2.81%1.21%3k
#96Superlife Conservative FundSmartsharesConservative2.54%0.67%1k
#97Conservative FundFisherConservative2.49%0.90%53k
#98UK Cash FundSmartsharesDefensive2.48%0.52%3k
#99Quaystreet New Zealand Equity FundSmartsharesAggressive2.21%1.37%1k
#100Summer New Zealand EquitiesSummerAggressive1.98%0.90%1k
#101Income StrategyNZ FundsDefensive1.85%1.12%23k
#102Investnow Mint Diversified Income FundFundrockConservative1.45%1.01%1k
#103Asset Class Conservative FundBoosterConservative0.93%1.11%1k
#104Overseas Non-Government Bonds FundSmartsharesDefensive-0.14%0.54%1k
#105International Fixed Interest FundANZDefensive-0.87%0.49%0k

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Data source: FMA KiwiSaver Quarterly Reports, provider Product Disclosure Statements. Last updated: May 2026.

Disclaimer: Risk indicators are provided by fund managers and reflect potential volatility. Past performance does not guarantee future results. This is not financial advice. Consult a licensed financial adviser before making investment decisions.

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