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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 98 funds ranked by 5-year returns.

Total Funds
98
Risk Level 4
Average Return
5.05%
5-year average
Average Fees
0.93%
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
#1Aggressive FundSuperEasyGrowth10.62%0.51%1k
#2Quaystreet Growth FundSmartsharesGrowth9.53%1.37%3k
#3Growth FundAnglicanGrowth8.78%1.50%1k
#4Asia Pacific FundSmartsharesAggressive8.69%0.69%1k
#5Sustainable High Growth FundMercerAggressive8.33%0.89%8k
#6Automatic Fund (Age 40)SuperEasyGrowth8.08%0.51%0k
#7Stepping Stones 36-45GenerateGrowth7.96%1.39%2k
#8Stepping Stones Growth 51-55GenerateGrowth7.96%1.39%1k
#9Quaystreet Socially Responsible Investment FundSmartsharesBalanced7.76%1.12%0k
#10Quaystreet Balanced FundSmartsharesBalanced7.71%1.12%1k
#11Growth FundASBGrowth7.50%0.70%149k
#12Growth FundSuperEasyGrowth7.39%0.51%1k
#13AMP Growth FundAMPGrowth7.39%0.85%31k
#14Quaystreet Altum FundSmartsharesBalanced7.12%1.37%0k
#15Growth FundMASGrowth7.10%0.98%6k
#16Sustainable Growth FundMercerGrowth7.04%0.84%6k
#17Shielded Growth FundBoosterAggressive7.00%1.41%1k
#18Superlife Growth FundAMPGrowth7.00%1.17%4k
#19Global Select Growth FundAMPGrowth6.85%1.27%5k
#20Milford Kiwisaver Active Growth FundMilfordGrowth6.82%1.05%103k
#21AMP Aggressive FundAMPAggressive6.70%0.85%30k
#22AMP Aggressive Fund (Lifesteps)AMPAggressive6.70%0.85%13k
#23Growth FundWestpacGrowth6.56%0.55%115k
#24Growth FundBoosterGrowth6.42%1.25%25k
#25Balanced PortfolioMaritimeBalanced6.20%0.70%0k
#26AMP Balanced Fund No. 2AMPBalanced6.20%0.85%2k
#27Stepping Stones Growth 56-60GenerateBalanced6.15%1.36%0k
#28Stepping Stones 46-55GenerateBalanced6.15%1.36%2k
#29Balanced FundAnglicanBalanced6.06%1.35%2k
#30AMP Growth Fund (Lifesteps)AMPGrowth5.90%0.85%10k
#31High Growth FundBoosterAggressive5.71%1.28%29k
#32Balanced FundSuperEasyBalanced5.71%0.51%0k
#33Balanced FundASBGrowth5.71%0.65%102k
#34Global Select Balanced Growth FundAMPGrowth5.65%1.18%6k
#35BNZ Kiwisaver Growth FundBNZGrowth5.62%0.45%55k
#36Pathfinder Kiwisaver Growth FundPathfinderGrowth5.56%1.37%8k
#37Lifestages Auto Option Age 55 - 59SBSBalanced5.53%1.05%1k
#38Growth FundGenerateGrowth5.52%1.39%52k
#39Growth FundSmartsharesGrowth5.50%1.41%0k
#40Superlife Growth FundSmartsharesGrowth5.50%0.71%2k
#41Stepping Stones 56-60GenerateBalanced5.49%1.30%1k
#42Balanced FundMASBalanced5.48%0.99%5k
#43Superlife Age Steps - Age 30SmartsharesGrowth5.43%0.72%0k
#44Superlife Age Steps - Age 40SmartsharesGrowth5.43%0.72%0k
#45Balanced Growth FundANZGrowth5.37%0.92%8k
#46Balanced Growth FundANZGrowth5.37%0.92%98k
#47Sustainable Balanced FundMercerBalanced5.35%0.75%12k
#48Superlife Balanced FundAMPBalanced5.27%1.12%1k
#49BNZ Kiwisaver Moderate FundBNZBalanced5.26%0.45%27k
#50Socially Responsible Balanced FundBoosterBalanced5.25%1.33%12k
#51Balanced FundWestpacBalanced5.19%0.50%78k
#52Growth FundMercerGrowth5.14%0.88%2k
#53Superlife Age Steps - Age 50SmartsharesGrowth5.12%0.71%0k
#54Automatic Fund (Age 60)SuperEasyBalanced5.08%0.51%0k
#55Milford Kiwisaver Balanced FundMilfordBalanced4.88%1.05%33k
#56Balanced FundBoosterBalanced4.87%1.20%33k
#57Pathfinder Kiwisaver Balanced FundPathfinderBalanced4.79%1.25%3k
#58Investnow Foundation Series Balanced FundFundrockBalanced4.77%0.36%1k
#59AMP Balanced FundAMPBalanced4.55%0.85%26k
#60BNZ Kiwisaver Balanced FundBNZBalanced4.54%0.45%26k
#61AMP Moderate Balanced FundAMPBalanced4.48%0.84%17k
#62Goalsgetter Amova Balanced FundNikkoGrowth4.47%1.22%0k
#63Ethica FundSmartsharesBalanced4.30%0.80%1k
#64Superlife Balanced FundSmartsharesBalanced4.28%0.70%1k
#65Balanced FundSmartsharesGrowth4.28%1.35%0k
#66Balanced FundANZBalanced4.20%0.88%8k
#67Balanced FundANZBalanced4.20%0.88%86k
#68AMP Balanced Fund (Lifesteps)AMPBalanced4.11%0.85%9k
#69Superlife Age Steps - Age 60SmartsharesBalanced4.03%0.70%0k
#70Balanced FundMercerBalanced3.95%0.80%3k
#71Moderate FundMASBalanced3.89%0.95%1k
#72Asset Class Balanced FundBoosterBalanced3.84%1.32%1k
#73Moderate FundWestpacBalanced3.80%0.40%35k
#74AMP Moderate Balanced Fund (Lifesteps)AMPBalanced3.78%0.84%10k
#75Sustainable Moderate FundMercerBalanced3.76%0.66%5k
#76Moderate FundASBBalanced3.67%0.60%73k
#77Lifestages Auto Option Age 60 - 64SBSBalanced3.67%0.99%1k
#78Balanced FundFisherBalanced3.59%1.04%34k
#79AMP Moderate Fund (Lifesteps)AMPBalanced3.55%0.84%9k
#80AMP Moderate FundAMPBalanced3.55%0.84%13k
#81Conservative PortfolioMaritimeConservative3.53%0.61%0k
#82Conservative Balanced FundANZBalanced3.10%0.73%3k
#83Conservative Balanced FundANZBalanced3.10%0.73%41k
#84Mercer Balanced FundAMPBalanced3.03%1.26%2k
#85Moderate FundMercerBalanced2.97%0.73%0k
#86Superlife Age Steps - Age 70SmartsharesBalanced2.89%0.68%0k
#87Socially Responsible Moderate FundBoosterConservative2.81%1.21%3k
#88Superlife Conservative FundSmartsharesConservative2.54%0.67%1k
#89Conservative FundFisherConservative2.45%0.87%70k
#90UK Cash FundSmartsharesDefensive2.41%0.59%0k
#91Quaystreet New Zealand Equity FundSmartsharesAggressive2.21%1.37%1k
#92Pie Kiwisaver Balanced FundPieBalanced2.08%0.69%1k
#93Superlife Moderate FundAMPBalanced2.04%1.07%1k
#94Investnow Mint Diversified Income FundFundrockConservative1.35%0.98%1k
#95Income StrategyNZ FundsDefensive0.94%1.22%23k
#96Asset Class Conservative FundBoosterConservative0.93%1.12%1k
#97Overseas Non-Government Bonds FundSmartsharesDefensive-0.12%0.64%2k
#98International 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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