Lifecycle (age-stepped) KiwiSaver scheme funds
KiwiSaver scheme funds where asset allocation automatically becomes more conservative as the member ages — lifecycle, target-date, age-step funds.
General Information Only: This page provides factual data for comparison purposes and does not constitute financial advice. Individual circumstances vary.Read our disclosure
Ranked by annual fee (lowest first)
| # | Fund | Scheme | Annual fee | 1y return | 5y avg | Fund size |
|---|---|---|---|---|---|---|
| 1 | Automatic Fund (Age 80) | SuperEasy | 0.51% | No 1-year return figure held for this fund. | 2.73% | $0M |
| 2 | Automatic Fund (Age 20) | SuperEasy | 0.51% | No 1-year return figure held for this fund. | 11.22% | $0M |
| 3 | Automatic Fund (Age 60) | SuperEasy | 0.51% | No 1-year return figure held for this fund. | 5.08% | $15M |
| 4 | Automatic Fund (Age 40) | SuperEasy | 0.51% | No 1-year return figure held for this fund. | 8.08% | $4M |
| 5 | SuperLife Age Steps - Age 80 | Smartshares | 0.56% | 4.02% | 1.25% | $0M |
| 6 | SuperLife Age Steps - Age 70 | Smartshares | 0.58% | 9.54% | 3.59% | $4M |
| 7 | SuperLife Age Steps - Age 60 | Smartshares | 0.60% | 12.94% | 4.98% | $26M |
| 8 | SuperLife Age Steps - Age 30 | Smartshares | 0.62% | 17.18% | 6.67% | $5M |
| 9 | SuperLife Age Steps - Age 40 | Smartshares | 0.62% | 17.18% | 6.67% | $10M |
| 10 | SuperLife Age Steps - Age 20 | Smartshares | 0.63% | 20.33% | 7.89% | $1M |
| 11 | SuperLife Age Steps - Age 50 | Smartshares | 0.71% | 9.73% | 5.12% | $19M |
| 12 | AMP Moderate Fund (Lifesteps) | AMP | 0.84% | No 1-year return figure held for this fund. | 3.55% | $611M |
| 13 | Glidepath Age 75 | Fisher | 0.84% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 26 March 2025 is less than five years before March 2026. | $3M |
| 14 | AMP Conservative Fund (Lifesteps) | AMP | 0.84% | 4.55% | 2.28% | $275M |
| 15 | AMP Moderate Balanced Fund (Lifesteps) | AMP | 0.84% | 7.87% | 3.78% | $583M |
| 16 | AMP Aggressive Fund (Lifesteps) | AMP | 0.85% | 13.26% | 6.70% | $167M |
| 17 | AMP Balanced Fund (Lifesteps) | AMP | 0.85% | 8.96% | 4.11% | $349M |
| 18 | AMP Growth Fund (Lifesteps) | AMP | 0.85% | 11.31% | 5.90% | $244M |
| 19 | Glidepath Age 65 | Fisher | 0.92% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 26 March 2025 is less than five years before March 2026. | $1M |
| 20 | Lifestages Auto Option Age 65+ | SBS | 0.96% | No 1-year return figure held for this fund. | 2.52% | $11M |
| 21 | Lifestages Auto Option Age 60 - 64 | SBS | 0.99% | No 1-year return figure held for this fund. | 3.67% | $28M |
| 22 | Lifestages Auto Option Age 55 - 59 | SBS | 1.05% | No 1-year return figure held for this fund. | 5.53% | $33M |
| 23 | Lifestages Auto Option Age 50 - 54 | SBS | 1.11% | No 1-year return figure held for this fund. | 7.38% | $38M |
| 24 | Glidepath Age 55 | Fisher | 1.13% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 26 March 2025 is less than five years before March 2026. | $1M |
| 25 | Lifestages Auto Option Age 0 - 49 | SBS | 1.17% | No 1-year return figure held for this fund. | 9.20% | $136M |
| 26 | Glidepath Age 40 | Fisher | 1.22% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 26 March 2025 is less than five years before March 2026. | $1M |
| 27 | Glidepath Age 25 | Fisher | 1.24% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 26 March 2025 is less than five years before March 2026. | — |
| 28 | Aurora Retirementplus Age 65 | FundRock | 1.49% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 1 September 2021 is less than five years before March 2026. | $2M |
| 29 | Life Cycle - Age 75 | NZ Funds | 1.55% | No 1-year return figure held for this fund. | 5.28% | $2M |
| 30 | Life Cycle - Age 65 | NZ Funds | 1.60% | No 1-year return figure held for this fund. | 5.89% | $18M |
| 31 | Aurora Retirementplus Age 50 | FundRock | 1.62% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 1 September 2021 is less than five years before March 2026. | $7M |
| 32 | Life Cycle - Age 0-54 | NZ Funds | 1.87% | No 1-year return figure held for this fund. | 9.07% | $658M |
| 33 | Glidepath Age 25 | Fisher Funds Two | — | No 1-year return figure held for this fund. | No 5-year average return figure held for this fund. | $1M |
| 34 | Glidepath Age 40 | Fisher Funds Two | — | No 1-year return figure held for this fund. | No 5-year average return figure held for this fund. | $8M |
| 35 | Glidepath Age 55 | Fisher Funds Two | — | No 1-year return figure held for this fund. | No 5-year average return figure held for this fund. | $13M |
| 36 | Glidepath Age 65 | Fisher Funds Two | — | No 1-year return figure held for this fund. | No 5-year average return figure held for this fund. | $6M |
| 37 | Glidepath Age 75 | Fisher Funds Two | — | No 1-year return figure held for this fund. | No 5-year average return figure held for this fund. | $0M |
About “—” in return figures: it means no figure is held, not a return of zero. Of the 37 funds listed, 12 have a 1-year return and 25 have a 5-year average return. Figures are drawn from fund disclosures on the FMA Disclose register, chiefly quarterly fund updates. Each fund shows the most recent figure held, with 1-year returns up to June 2026; the latest quarter broadly covered across all funds is March 2026. A fund too new to report a period has no figure for it; other gaps are figures not yet captured from the updates ingested so far.
Funds matched by name pattern against the lifecycle / age-stepped criteria. Annual-fee ranking is mechanical — does not factor in returns, risk, manager skill, or the precise underlying-index methodology. Past performance is not a reliable indicator of future returns.
Frequently asked questions
What's the cheapest lifecycle / age-stepped KiwiSaver scheme fund in NZ?
Based on the most recent FMA-filed Quarterly Fund Updates, the lowest-fee lifecycle / age-stepped option in our coverage is SuperEasy — Automatic Fund (Age 80) at 0.51% per year. Mechanical fee ranking only — does not factor in returns, risk, or manager skill. Past performance is not a reliable indicator of future returns.
How many lifecycle / age-stepped KiwiSaver scheme funds are available?
37 KiwiSaver scheme funds matching lifecycle / age-stepped criteria across 8 schemes in our coverage, with annual fees from 0.51% to 1.87% (median 0.85%).
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Disclaimer: This page provides general information only and does not constitute financial advice under the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider (FAP).
We do not assess suitability, make recommendations, or provide personalised advice. The information shown is sourced from publicly available data and may not reflect current offerings. Past performance is not a reliable indicator of future returns. Investment returns can be negative, and you may receive back less than you invested.
Before making any decisions: Always verify current information directly with the relevant KiwiSaver provider and read their Product Disclosure Statement (PDS).
Need personalised advice? Consult a licensed Financial Advice Provider. Find advisers at fma.govt.nz
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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