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5

Risk Level 5 KiwiSaver Scheme Funds

Medium-High Risk (Balanced to Growth)

Risk Level 5 funds lean toward growth with 60-80% in growth assets while maintaining some defensive positioning. Compare all 68 funds ranked by 5-year returns.

Total Funds
68
Risk Level 5
Average Return
7.15%
5-year average
Average Fees
0.90%
Annual fees
Time Horizon
15-20 years
Recommended

Risk Level 5 Details

✓Suited to:

  • • Investors 15-20 years from retirement
  • • Comfortable with market fluctuations
  • • Ages 35-50 typically
Volatility: Medium-high - Significant losses possible

⚠Not Suitable For:

  • • Near-retirees (under 10 years)
  • • Risk-averse investors
  • • Short-term goals

All Risk Level 5 Funds Ranked by Performance

RankFund NameProviderFund Type5-Year ReturnFeesMembers
#1Milford Aggressive FundAMPAggressive21.37%1.57%2k
#2US 500 FundSmartsharesAggressive16.09%0.54%3k
#3US Large Value FundSmartsharesAggressive15.20%0.57%1k
#4Overseas Shares FundSmartsharesAggressive13.95%0.58%2k
#5Quaystreet International Equity FundSmartsharesAggressive13.91%1.27%1k
#6Sustainable International ShareANZAggressive13.87%0.90%1k
#7Goalsgetter Amova Global Shares FundNikkoAggressive13.41%1.43%0k
#8Total World FundSmartsharesAggressive13.32%0.58%1k
#9AMP International Shares Fund No. 2AMPAggressive12.76%0.86%2k
#10AMP International Shares FundAMPAggressive12.52%0.85%2k
#11Europe FundSmartsharesAggressive11.34%0.59%1k
#12Automatic Fund (Age 20)SuperEasyAggressive11.22%0.51%0k
#13Overseas Shares (Currency Hedged) FundSmartsharesAggressive10.71%0.58%2k
#14US Mid Cap FundSmartsharesAggressive10.50%0.57%1k
#15Quaystreet Australian Equity FundSmartsharesGrowth9.89%1.37%0k
#16Stepping Stones Growth 0-50GenerateAggressive9.81%1.41%3k
#17International Share FundANZAggressive9.77%0.96%1k
#18Australian Top 20 FundSmartsharesAggressive9.68%0.59%1k
#19Stepping Stones 0-35GenerateAggressive9.65%1.41%4k
#20Kernel S&P Global Dividend Aristocrats FundKernelAggressive9.63%0.25%0k
#21Total World (Nzd Hedged) FundSmartsharesAggressive9.40%0.58%0k
#22SBS Wealth High Growth FundSBSAggressive9.39%1.17%18k
#23Geared Growth FundBoosterAggressive9.37%1.50%16k
#24Lifestages Auto Option Age 0 - 49SBSAggressive9.20%1.17%6k
#25Australian Dividend FundSmartsharesAggressive9.11%0.59%0k
#26Rest Of World Equities FundKouraAggressive9.06%0.73%8k
#27Global Equities FundMASAggressive8.85%0.99%2k
#28Socially Responsible High Growth FundBoosterAggressive8.85%1.35%20k
#29S&P/Asx 200 FundSmartsharesAggressive8.77%0.69%0k
#30Sustainable Shares FundMercerAggressive8.69%0.95%2k
#31Quaystreet High Growth FundSmartsharesGrowth8.19%0.63%21k
#32Focused Growth FundGenerateAggressive8.03%1.27%119k
#33Australian Shares FundSmartsharesAggressive7.95%0.59%2k
#34Aggressive FundMASAggressive7.90%0.98%4k
#35Superlife Age Steps - Age 20SmartsharesAggressive7.89%0.63%0k
#36Summer Australian EquitiesSummerAggressive7.63%0.90%1k
#37Summer Global EquitiesSummerAggressive7.47%0.89%1k
#38Lifestages Auto Option Age 50 - 54SBSGrowth7.38%1.11%1k
#39Emerging Markets Equities FundKouraAggressive7.38%0.73%8k
#40Emerging Markets FundSmartsharesAggressive7.10%0.73%3k
#41Milford Kiwisaver Aggressive FundMilfordAggressive6.78%1.15%61k
#42Superlife High Growth FundSmartsharesAggressive6.67%0.73%21k
#43Growth FundANZGrowth6.58%0.96%226k
#44Growth FundANZGrowth6.58%0.96%13k
#45Shares FundMercerAggressive6.52%0.96%1k
#46Asset Class Growth FundBoosterAggressive6.35%1.37%3k
#47High Growth FundMercerAggressive6.15%0.86%2k
#48Life Cycle - Age 65NZ FundsGrowth5.89%1.60%0k
#49Goalsgetter Amova Growth FundNikkoGrowth5.73%1.51%0k
#50Life Cycle - Age 75NZ FundsGrowth5.28%1.55%0k
#51Growth FundFisherGrowth4.46%1.23%97k
#52Nz Dividend FundSmartsharesAggressive3.20%0.59%0k
#53Pie Kiwisaver Growth FundPieGrowth2.59%0.68%9k
#54Goalsgetter Amova Sri Equity FundNikkoAggressive2.40%1.23%0k
#55New Zealand Equities FundKouraAggressive2.31%0.73%7k
#56Australasian Share FundANZAggressive1.67%0.99%1k
#57AMP Australasian Shares FundAMPAggressive1.33%0.83%0k
#58Nz Top 10 FundSmartsharesAggressive0.91%0.59%0k
#59Nz Mid Cap FundSmartsharesAggressive0.76%0.59%1k
#60Nz Shares FundSmartsharesAggressive0.16%0.59%2k
#61Australasian Property FundANZAggressive0.14%1.01%1k
#62Nz Top 50 FundSmartsharesAggressive0.14%0.59%2k
#63S&P/Nzx 50 FundSmartsharesAggressive-0.22%0.69%0k
#64Kernel Nz Small & Mid Cap Opportunities FundKernelAggressive-1.93%0.25%0k
#65Inflation StrategyNZ FundsAggressive-2.27%1.52%22k
#66Summer Listed PropertySummerAggressive-2.29%0.90%0k
#67Kernel Nz Commercial Property FundKernelAggressive-2.75%0.25%0k
#68Nz Property FundSmartsharesAggressive-2.82%0.59%1k

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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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