SBS Lifestages Auto Option Age 65+
Lifestages Auto Option Age 65+ is a conservative KiwiSaver fund managed by SBS. It has 299 members and holds $11 million. It opened in 2015.
Fees and returns
- Annual fee
- 0.96% of your balance each year
- Return over 1 year
- +4.6% a year
- Return over 3 years
- +5.4% a year
- Return over 5 years
- +2.4% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International fixed interest 33%, international equities 22%, cash and cash equivalents 20%, new zealand fixed interest 18%.
Largest holdings
- Harbour NZ Core Fixed Interest Fund 16.27%
- Dimensional Global Bond Sustainability PIE Fund 15.07%
- BNZ Wholesale NZ Cash Fund 14.48%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +4.6% |
| 2024/25 | +3.6% |
| 2023/24 | +8.0% |
| 2022/23 | −2.6% |
| 2021/22 | −1.2% |
| 2020/21 | +7.5% |
| 2019/20 | −0.4% |
| 2018/19 | +3.8% |
| 2017/18 | +1.7% |
| 2016/17 | +4.1% |
About this fund
The Lifestages Auto Option Age 65+ Fund is a lifecycle option that automatically adjusts across the SBS Wealth funds by age. At age 65 and over it is 30% in the High Growth Fund, 55% in the Income Fund and 15% in the Cash Fund — its most income-weighted, conservative stage, though it keeps meaningful growth exposure. It has operated since 2015 and carries an annual fund charge of 0.96%.