NZ Funds Growth Strategy
Growth Strategy is an aggressive KiwiSaver fund managed by NZ Funds. It has 25,018 members and holds $873 million. It opened in 2010.
Fees and returns
- Annual fee
- 2.01% of your balance each year
- Return over 1 year
- +7.8% a year
- Return over 3 years
- +10.0% a year
- Return over 5 years
- −0.9% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned −0.9% a year. The median for mainstream aggressive funds over the same period was +6.3% a year, across 13 funds. This fund is behind that median, by 7.2 percentage points.
What it invests in
International equities 59%, australasian equities 25%, other 7%, commodities 6%.
Largest holdings
- Goldman Sachs Futures 17.65%
- Goldman Sachs Otc Derivatives (Ex Fx) 5.91%
- Westpac Cash 4.54%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +7.8% |
| 2024/25 | −1.4% |
| 2023/24 | +25.3% |
| 2022/23 | −13.5% |
| 2021/22 | −16.8% |
| 2020/21 | +83.8% |
| 2019/20 | −6.7% |
| 2018/19 | +3.7% |
| 2017/18 | +5.5% |
| 2016/17 | +11.6% |
About this fund
The NZ Funds Growth Strategy is an actively managed growth fund that invests in a portfolio of international companies researched with Fisher Investments (US). It uses index-tracking futures that can take the strategy above 100% invested — for example around 120% — to amplify market exposure, and an actively managed options programme run by Universa (US) intended to cushion returns in severe market falls. It is one of three underlying Strategies in the scheme. It has operated since 2010 and carries an annual fund charge of 2.01%.