SBS WEALTH KIWISAVER SCHEME
Lifestages Auto Option Age 50 - 54
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
About this growth fund
The Lifestages Auto Option Age 50 - 54 is a Growth scheme fund within the SBS WEALTH KIWISAVER SCHEME. It holds 78% in growth assets and 22% in income assets, positioning it as part of SBS's age-based investment lineup designed for members approaching their mid-50s. The fund's asset allocation reflects a growth-oriented approach while beginning to incorporate defensive holdings as members move closer to retirement.
Over the five-year period to 31 March 2026, this scheme fund delivered an average annual return of 7.38%. The annual fee of 1.11% sits marginally below the peer-median fee of 1.13% for comparable growth-type funds. The fund manages $37.8 million across 655 members. Past performance is not a reliable indicator of future returns.
On the FMA risk indicator scale, this scheme fund sits at 5 out of 7, placing it in the moderate-to-higher risk range. A risk rating of 5/7 is typically considered suitable for investors with a medium-to-long investment horizon who can tolerate meaningful year-to-year fluctuations in value. This profile is generally appropriate for those still several years from retirement who seek growth-oriented exposure. Past performance is not a reliable indicator of future returns.
Holdings
As of 2026-03-31 Lifestages Auto Option Age 50 - 54 reports an asset mix of 78% growth assets (shares, listed property, alternatives) and 22% income assets (cash, bonds, fixed interest). This split is typical for a growth fund. The full asset-mix breakdown including overseas vs domestic and listed vs unlisted exposure appears in the asset-allocation chart below.
Performance
Lifestages Auto Option Age 50 - 54 has 2 quarters of QFU data on file (2025-03-31 to 2026-03-31). The 5-year average annual return reported in the most recent QFU is 7.38%. Past performance is not a reliable indicator of future returns.
Fees
At 1.11% in annual charges, Lifestages Auto Option Age 50 - 54's fee sits 0.02 percentage points below the median for Growth KiwiSaver scheme funds in our coverage (median 1.13%). 33 of the 67 funds in this cohort charge a lower annual fee (this fund ranks 34 cheapest of 67). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
Lifestages Auto Option Age 50 - 54 carries a risk indicator of 5/7 on the FMA risk scale. Risk indicator 5-6 funds are typically considered for members with a long investment horizon (10+ years) who can tolerate larger short-term value swings in exchange for higher long-term return potential. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Returns
7.38%
Five Year Average Return
Returns (green) show the fund’s growth over the five years to 31 March 2026, after fees and taxes. Compare these results with the average Growth KiwiSaver scheme fund (light green).
7.38% for this fund — category median 5.46% across 43 Growth KiwiSaver scheme funds at 31 March 2026. This fund ranks 6 of 43 (88th percentile) by five-year after-fee return.
Past performance is not an indicator of future performance.
Fees
1.11%
One Year Average Fees
Fees shown here (blue) represent what you would pay over a year if you had $30,000 invested in this fund. Compare them with the average fees for Growth KiwiSaver scheme funds (light blue).
Asset Mix
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 31 March 2026. The average mix forgrowth KiwiSaver scheme funds is shown in light blue.
Key Takeaways
Here’s the provider’s overview of the managed fund:
“ This life cycle investment stage invests 5% in the SBS Wealth Focused Growth Fund, 75% in the SBS Wealth High Growth Fund and 20% in the SBS Wealth Income Fund, which is regarded as providing appropriate levels of risk and return for a person aged 50-54. ”
When can I get my money out?
This is a fund within a KiwiSaver scheme, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
Asset mix
This fund's asset mix
Average for Growth funds
Your investment mix shapes your outcome
The balance of assets you choose — your asset allocation, has the biggest impact on how your investments perform and how much their value may rise or fall along the way. Selecting that balance is crucial. By adjusting the proportion of growth-oriented investments you include, you’re effectively setting your preferred level of risk. Generally, taking on more risk can increase the potential for higher returns, but there’s never a guarantee — that’s the nature of risk. To find an allocation suited to your personal circumstances (sometimes called your risk profile), you can start with an investor risk questionnaire or a KiwiSaver-specific guide.
Top 10 investments
These assets make up 56.22% of this fund.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | DIMENSIONAL GLOBAL SUSTAINABILITY PIE FUND (NZD HEDGED) | Shares | International equities | NZ | 26.57% |
 | HARBOUR NZ CORE FIXED INTEREST FUND | Bonds | New Zealand fixed interest | NZ | 5.68% |
 | DIMENSIONAL GLOBAL BOND SUSTAINABILITY PIE FUND | Bonds | International fixed interest | NZ | 5.04% |
 | ISHARES GLOBAL AGGREGATE BOND ESG UCITS ETF NZD HEDGED | Bonds | International fixed interest | IE | 3.97% |
 | DIMENSIONAL AUSTRALIAN SUSTAINABILITY PIE FUND | Shares | Australasian equities | NZ | 3.81% |
 | SCHRODER GLOBAL EMERGING MARKETS FUND | Shares | International equities | AU | 3.51% |
 | KERNEL GLOBAL INFRASTRUCTURE (NZD HEDGED) FUND | Other | Other | NZ | 2.32% |
| CASH DEPOSIT (ANZ BANK) | Cash | Cash and equivalents | NZ | 2.07% | |
 | MICROSOFT CORPORATION | Shares | International equities | US | 1.65% |
 | DIMENSIONAL FIVE-YEAR DIVERSIFIED FIXED INTEREST PIE FUND | Bonds | International fixed interest | NZ | 1.60% |
Fees
1.11%
This Fund
1.04%
Average Growth Kiwisaver funds
The blue segment shows the annual fees you’d pay if you invested $30,000 in this fund. The grey segment represents the typical yearly fees for an average Growth KiwiSaver scheme fund, so you can compare them directly.
Smaller Fees, Bigger Potential
When it comes to investing, spending more doesn’t automatically lead to stronger results. In fact, higher fund fees can often eat into your returns. Remember, what you keep is calculated after fees and taxes are deducted. Because no one can predict how any fund will perform, it’s generally wise to look for options with lower costs whenever you can.
Fees breakdown
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| Management This fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance. | 0.75% Average: 0.89% | $225.00 Average: $266.96 |
| Other This is a summary of other potential costs not covered in the categories displayed. | 0.36% Average: 0.11% | $108.00 Average: $33.16 |
| Performance-based These fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher. | — Average: 0.00% | $0.00 Average: $0.00 |
| Membership You pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance. | 0.00% Average: 0.05% | $0.00 Average: $16.04 |
| Total combined fees These are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing. | 1.11% Average: 1.05% | $333.00 Average: $316.16 |
Returns
7.38%
This Fund
5.21%
Average Growth Kiwisaver funds
Over the past five years, this fund delivered the average annual return shown here (in green) to investors, after fees and taxes (28% PIR) were applied. For comparison, the average return over the same period for all Growth KiwiSaver scheme funds is shown in grey.
Returns: Reflecting the Past
Investing is about seeking returns, but the figures shown here represent historical performance—they cannot be relied upon to continue in the future. Selecting a fund solely based on past performance is not advisable. A well-informed decision should consider factors such as an appropriate investment mix for your goals and reasonable fees.
Risks
Risk indicator
This indicator reflects how much the investment’s value has fluctuated over time. It is calculated from the fund’s five-year performance, or from a comparable market index if the fund has a shorter history.
Additional details
Manager information
| Name | SBS WEALTH LIMITED |
| Type | NZ Limited Company |
| Website | sbswealth.co.nz |
| NZBN | 9429036803323 |
| FSP Number | FSP3961 |
Fund information
| Asset liquidity ratio | 99.42% |
| Total value of fund | $37822467.69 |
| Debt ratio | 0.11% |
Fee + return history
View detailed history →Quarterly fees and after-tax returns recorded against this fund since inception. Sourced from FMA Disclose Quarterly Fund Updates. The detailed view shows the full chart + per-quarter data table.
PDS changes
View detailed PDS history →Material changes to the Product Disclosure Statement over time — fee adjustments, asset-allocation shifts, scheme-rule amendments. Diff against the previous PDS shown side-by-side in the detailed view.
Holdings changes
View detailed holdings diff →Top-10-holdings additions, removals, and weight changes across quarters. Shows the manager's actual portfolio decisions over time, sourced from the fund's Quarterly Fund Update.
SIPO changes
View detailed SIPO history →Statement of Investment Policy and Objectives revisions — investment objective rewrites, asset-class target shifts, ESG policy changes, derivatives policy changes. The detailed view diffs against prior SIPO versions.
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Identifiers
- FMA fund code
- FND42062
- FSP number
- FSP3961
- NZBN
- 9429036803323
- Provider
- SBS
- Scheme
- SBS WEALTH KIWISAVER SCHEME
Endpoints for Lifestages Auto Option Age 50 - 54
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