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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 66 funds ranked by 5-year returns.

Total Funds
66
Risk Level 5
Average Return
6.92%
5-year average
Average Fees
0.89%
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
#1US 500 FundSmartsharesAggressive16.09%0.54%3k
#2US Large Value FundSmartsharesAggressive15.20%0.57%1k
#3Overseas Shares FundSmartsharesAggressive13.95%0.58%2k
#4Quaystreet International Equity FundSmartsharesAggressive13.91%1.27%1k
#5Sustainable International ShareANZAggressive13.87%0.90%1k
#6Goalsgetter Amova Global Shares FundNikkoAggressive13.41%1.43%0k
#7Total World FundSmartsharesAggressive13.32%0.58%1k
#8AMP International Shares Fund No. 2AMPAggressive12.76%0.86%2k
#9AMP International Shares FundAMPAggressive12.52%0.85%2k
#10Europe FundSmartsharesAggressive11.34%0.59%1k
#11Automatic Fund (Age 20)SuperEasyAggressive11.22%0.51%0k
#12Overseas Shares (Currency Hedged) FundSmartsharesAggressive10.71%0.58%2k
#13US Mid Cap FundSmartsharesAggressive10.50%0.57%1k
#14Quaystreet Australian Equity FundSmartsharesGrowth9.89%1.37%0k
#15Stepping Stones Growth 0-50GenerateAggressive9.81%1.41%3k
#16International Share FundANZAggressive9.77%0.96%1k
#17Australian Top 20 FundSmartsharesAggressive9.68%0.59%1k
#18Stepping Stones 0-35GenerateAggressive9.65%1.41%4k
#19Kernel S&P Global Dividend Aristocrats FundKernelAggressive9.63%0.25%0k
#20Total World (Nzd Hedged) FundSmartsharesAggressive9.40%0.58%0k
#21SBS Wealth High Growth FundSBSAggressive9.39%1.17%18k
#22Geared Growth FundBoosterAggressive9.37%1.50%16k
#23Lifestages Auto Option Age 0 - 49SBSAggressive9.20%1.17%6k
#24Australian Dividend FundSmartsharesAggressive9.11%0.59%0k
#25Rest Of World Equities FundKouraAggressive9.06%0.73%8k
#26Global Equities FundMASAggressive8.85%0.99%2k
#27Socially Responsible High Growth FundBoosterAggressive8.85%1.35%20k
#28S&P/Asx 200 FundSmartsharesAggressive8.77%0.69%0k
#29Sustainable Shares FundMercerAggressive8.69%0.95%2k
#30Focused Growth FundGenerateAggressive8.03%1.27%119k
#31Australian Shares FundSmartsharesAggressive7.95%0.59%2k
#32Aggressive FundMASAggressive7.90%0.98%4k
#33Superlife Age Steps - Age 20SmartsharesAggressive7.89%0.63%0k
#34Summer Australian EquitiesSummerAggressive7.63%0.90%1k
#35Summer Global EquitiesSummerAggressive7.47%0.89%1k
#36Lifestages Auto Option Age 50 - 54SBSGrowth7.38%1.11%1k
#37Emerging Markets Equities FundKouraAggressive7.38%0.73%8k
#38Emerging Markets FundSmartsharesAggressive7.10%0.73%3k
#39Milford Kiwisaver Aggressive FundMilfordAggressive6.78%1.15%61k
#40Superlife High Growth FundSmartsharesAggressive6.67%0.73%21k
#41Growth FundANZGrowth6.58%0.96%226k
#42Growth FundANZGrowth6.58%0.96%13k
#43Shares FundMercerAggressive6.52%0.96%1k
#44Asset Class Growth FundBoosterAggressive6.35%1.37%3k
#45High Growth FundMercerAggressive6.15%0.86%2k
#46Life Cycle - Age 65NZ FundsGrowth5.89%1.60%0k
#47Goalsgetter Amova Growth FundNikkoGrowth5.73%1.51%0k
#48Life Cycle - Age 75NZ FundsGrowth5.28%1.55%0k
#49Growth FundFisherGrowth4.46%1.23%97k
#50Nz Dividend FundSmartsharesAggressive3.20%0.59%0k
#51Pie Kiwisaver Growth FundPieGrowth2.59%0.68%9k
#52Goalsgetter Amova Sri Equity FundNikkoAggressive2.40%1.23%0k
#53New Zealand Equities FundKouraAggressive2.31%0.73%7k
#54Australasian Share FundANZAggressive1.67%0.99%1k
#55AMP Australasian Shares FundAMPAggressive1.33%0.83%0k
#56Nz Top 10 FundSmartsharesAggressive0.91%0.59%0k
#57Nz Mid Cap FundSmartsharesAggressive0.76%0.59%1k
#58Nz Shares FundSmartsharesAggressive0.16%0.59%2k
#59Australasian Property FundANZAggressive0.14%1.01%1k
#60Nz Top 50 FundSmartsharesAggressive0.14%0.59%2k
#61S&P/Nzx 50 FundSmartsharesAggressive-0.22%0.69%0k
#62Kernel Nz Small & Mid Cap Opportunities FundKernelAggressive-1.93%0.25%0k
#63Inflation StrategyNZ FundsAggressive-2.27%1.52%22k
#64Summer Listed PropertySummerAggressive-2.29%0.90%0k
#65Kernel Nz Commercial Property FundKernelAggressive-2.75%0.25%0k
#66Nz 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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