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Aurora KiwiSaver Scheme
Aurora KiwiSaver Scheme is a KiwiSaver provider that runs 8 KiwiSaver funds, has 24,604 members, manages $580 million, or 0.4% of the KiwiSaver market.
About Aurora KiwiSaver Scheme
Aurora KiwiSaver Scheme launched in 2021 and uses an active multi-manager approach, selecting and blending underlying managers across asset classes rather than picking stocks directly. Investment decisions are made by Aurora Capital, led by CIO Sean Henaghan, formerly a multi-asset CIO at AMP Capital in Australia. The scheme applies ESG screens and carbon tracking across its funds, with exclusions covering areas such as coal, controversial weapons and child labour, while taking a transition-investing approach rather than strict exclusion. The fund range spans liquidity, conservative, first-home-buyer, balanced, growth and RetirementPlus lifecycle options. Fees include an ongoing advice component, with adviser support available to members.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2021
- Investment approach
- Active multi-manager
- KiwiSaver funds under management
- $580 million (0.4% of the KiwiSaver market)
- Members
- 24,604
- Average member balance
- $23,693
- KiwiSaver funds offered
- 8
- Annual fee range
- 0.40% – 1.50%
Fund range by risk profile
- Defensive: 1 fund
- Conservative: 2 funds
- Balanced: 3 funds
- Growth: 2 funds
How has Aurora KiwiSaver performed?
Their funds are under 5 years old. Over the last 3 years, their highest-returning fund was the Growth Fund, at +7.9% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Aurora Liquidity Fund | +2.1% |
| Conservative | Aurora Conservative Fund | +3.6% |
| Balanced | Aurora Balanced Strategy | +5.5% |
| Growth | Aurora Growth Fund | +6.8% |
KiwiSaver funds offered by Aurora KiwiSaver Scheme
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Aurora Liquidity Fund | Defensive | 0.40% | +2.1% | Not reported |
| Aurora Conservative Fund | Conservative | 1.25% | +3.6% | Not reported |
| Aurora First Home Buyer Strategy | Conservative | 1.04% | +3.2% | Not reported |
| Aurora Balanced Strategy | Balanced | 1.40% | +5.5% | Not reported |
| Aurora Retirementplus Age 65 | Balanced | 1.38% | +5.2% | Not reported |
| Aurora Retirementplus Age 75 | Balanced | 1.29% | +4.1% | Not reported |
| Aurora Growth Fund | Growth | 1.50% | +6.8% | Not reported |
| Aurora Retirementplus Age 50 | Growth | 1.50% | +6.8% | Not reported |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.