NZ Funds Life Cycle - Age 65
Life Cycle - Age 65 is a growth KiwiSaver fund managed by NZ Funds. It has 202 members and holds $16 million. It opened in 2010.
Fees and returns
- Annual fee
- 1.57% of your balance each year
- Return over 1 year
- +6.1% a year
- Return over 3 years
- +5.8% a year
- Return over 5 years
- −0.7% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 33%, australasian equities 20%, cash and cash equivalents 20%, new zealand fixed interest 8%.
Largest holdings
- Goldman Sachs Futures 8.23%
- Westpac Cash 4.09%
- Westpac Bank Bill 2.49% 13/04/2026 2.99%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +6.1% |
| 2024/25 | +1.1% |
| 2023/24 | +10.5% |
| 2022/23 | −9.1% |
| 2021/22 | −10.2% |
| 2020/21 | +49.8% |
| 2019/20 | −3.9% |
| 2018/19 | +4.1% |
| 2017/18 | +3.7% |
| 2016/17 | +7.0% |
About this fund
The NZ Funds Life Cycle Age 65 Fund is a lifecycle option that automatically allocates across the scheme's three underlying Strategies by age. At age 65 the allocation is 39% to the Growth Strategy, 34% to the Inflation Strategy and 27% to the Income Strategy, with growth exposure lower than at younger ages. Life Cycle is used by most NZ Funds members. It has operated since 2010 and carries an annual fund charge of 1.57%.