NZ Funds Life Cycle - Age 0-54
Life Cycle - Age 0-54 is a growth KiwiSaver fund managed by NZ Funds. It has 15,765 members and holds $613 million. It opened in 2010.
Fees and returns
- Annual fee
- 1.91% of your balance each year
- Return over 1 year
- +7.5% a year
- Return over 3 years
- +9.0% a year
- Return over 5 years
- −0.8% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 54%, australasian equities 24%, other 6%, commodities 5%.
Largest holdings
- Goldman Sachs Futures 15.35%
- Goldman Sachs Otc Derivatives (Ex Fx) 5.17%
- Westpac Cash 4.43%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +7.5% |
| 2024/25 | −0.8% |
| 2023/24 | +21.5% |
| 2022/23 | −12.6% |
| 2021/22 | −15.4% |
| 2020/21 | +75.6% |
| 2019/20 | −6.0% |
| 2018/19 | +3.8% |
| 2017/18 | +5.1% |
| 2016/17 | +10.5% |
About this fund
The NZ Funds Life Cycle Age 0-54 Fund is a lifecycle option that automatically allocates across the scheme's three underlying Strategies according to a member's age, stepping down growth exposure as they get older. At ages 0-54 the allocation is 85% to the Growth Strategy, 10% to the Inflation Strategy and 5% to the Income Strategy, so it is growth-heavy. Life Cycle is used by most NZ Funds members. It has operated since 2010 and carries an annual fund charge of 1.91%.