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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 64 funds ranked by 5-year returns.

Total Funds
64
Risk Level 5
Average Return
6.70%
5-year average
Average Fees
0.93%
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 FundSmartsharesAggressive14.12%0.64%3k
#2Quaystreet International Equity FundSmartsharesAggressive13.91%1.27%1k
#3Sustainable International ShareANZAggressive13.87%0.90%1k
#4Goalsgetter Amova Global Shares FundNikkoAggressive13.41%1.43%0k
#5US Large Value FundSmartsharesAggressive13.08%0.67%1k
#6AMP International Shares Fund No. 2AMPAggressive12.76%0.86%2k
#7AMP International Shares FundAMPAggressive12.52%0.85%2k
#8Overseas Shares FundSmartsharesAggressive11.53%0.58%2k
#9Automatic Fund (Age 20)SuperEasyAggressive11.22%0.51%0k
#10Total World FundSmartsharesAggressive11.14%0.68%1k
#11Europe FundSmartsharesAggressive10.66%0.69%1k
#12Australian Top 20 FundSmartsharesAggressive10.12%0.69%1k
#13Australian Dividend FundSmartsharesAggressive10.02%0.69%0k
#14Quaystreet Australian Equity FundSmartsharesGrowth9.89%1.37%0k
#15Stepping Stones Growth 0-50GenerateAggressive9.81%1.41%3k
#16International Share FundANZAggressive9.77%0.96%1k
#17Stepping Stones 0-35GenerateAggressive9.65%1.41%4k
#18Kernel S&P Global Dividend Aristocrats FundKernelAggressive9.63%0.25%0k
#19SBS Wealth High Growth FundSBSAggressive9.39%1.17%18k
#20Geared Growth FundBoosterAggressive9.37%1.50%16k
#21Lifestages Auto Option Age 0 - 49SBSAggressive9.20%1.17%6k
#22US Mid Cap FundSmartsharesAggressive9.09%0.67%1k
#23Rest Of World Equities FundKouraAggressive9.06%0.73%8k
#24Socially Responsible High Growth FundBoosterAggressive8.85%1.35%20k
#25Global Equities FundMASAggressive8.85%0.99%2k
#26S&P/Asx 200 FundSmartsharesAggressive8.77%0.69%0k
#27Sustainable Shares FundMercerAggressive8.69%0.95%2k
#28Overseas Shares (Currency Hedged) FundSmartsharesAggressive8.62%0.68%2k
#29Australian Shares FundSmartsharesAggressive8.56%0.69%2k
#30Aggressive FundMASAggressive7.90%0.98%4k
#31Total World (Nzd Hedged) FundSmartsharesAggressive7.63%0.58%0k
#32Emerging Markets Equities FundKouraAggressive7.38%0.73%8k
#33Lifestages Auto Option Age 50 - 54SBSGrowth7.38%1.11%1k
#34Quaystreet High Growth FundSmartsharesGrowth6.67%1.43%0k
#35Superlife High Growth FundSmartsharesAggressive6.67%0.73%21k
#36Growth FundANZGrowth6.58%0.96%13k
#37Growth FundANZGrowth6.58%0.96%226k
#38Shares FundMercerAggressive6.52%0.96%1k
#39Superlife Age Steps - Age 20SmartsharesAggressive6.42%0.73%0k
#40Focused Growth FundGenerateAggressive6.41%1.41%114k
#41Milford Kiwisaver Aggressive FundMilfordAggressive6.37%1.15%58k
#42Asset Class Growth FundBoosterAggressive6.35%1.37%3k
#43High Growth FundMercerAggressive6.15%0.94%2k
#44Life Cycle - Age 65NZ FundsGrowth5.89%1.60%0k
#45Emerging Markets FundSmartsharesAggressive5.83%0.83%3k
#46Goalsgetter Amova Growth FundNikkoGrowth5.73%1.51%0k
#47Life Cycle - Age 75NZ FundsGrowth5.28%1.55%0k
#48Growth FundFisherGrowth4.28%1.13%68k
#49Nz Dividend FundSmartsharesAggressive3.00%0.69%0k
#50Goalsgetter Amova Sri Equity FundNikkoAggressive2.40%1.23%0k
#51New Zealand Equities FundKouraAggressive2.31%0.73%7k
#52Australasian Share FundANZAggressive1.67%0.99%1k
#53Pie Kiwisaver Growth FundPieGrowth1.60%0.68%10k
#54AMP Australasian Shares FundAMPAggressive1.33%0.83%0k
#55Nz Mid Cap FundSmartsharesAggressive0.39%0.69%1k
#56Australasian Property FundANZAggressive0.14%1.01%1k
#57S&P/Nzx 50 FundSmartsharesAggressive-0.22%0.69%0k
#58Nz Top 10 FundSmartsharesAggressive-0.34%0.69%0k
#59Nz Shares FundSmartsharesAggressive-0.46%0.69%2k
#60Nz Top 50 FundSmartsharesAggressive-0.47%0.69%2k
#61Kernel Nz Small & Mid Cap Opportunities FundKernelAggressive-1.93%0.25%0k
#62Inflation StrategyNZ FundsAggressive-2.27%1.52%22k
#63Kernel Nz Commercial Property FundKernelAggressive-2.75%0.25%0k
#64Nz Property FundSmartsharesAggressive-3.29%0.69%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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Compare every fund on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.

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