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Koura KiwiSaver Scheme
Koura KiwiSaver Scheme is a KiwiSaver provider that runs 13 KiwiSaver funds, has 51,461 members, manages $410 million, or 0.3% of the KiwiSaver market.
About Koura KiwiSaver Scheme
Kōura Wealth is a New Zealand-owned KiwiSaver manager founded in 2019 by Rupert Carlyon. It was one of the first New Zealand schemes built around a digital allocation tool, which suggests a mix across its funds rather than placing members into a single default-style option. The core range is passive and index-based, covering New Zealand and overseas shares, fixed interest and cash, with overseas exposure invested through BlackRock iShares ETFs. Kōura also offers specialty options including New Zealand property, clean energy and Bitcoin, alongside newer diversified Conservative, Balanced and Growth funds. Fees are lower than many active managers, but higher than the lowest-cost index providers.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2019
- Investment approach
- Passive indexing
- KiwiSaver funds under management
- $410 million (0.3% of the KiwiSaver market)
- Members
- 51,461
- Average member balance
- $7,898
- KiwiSaver funds offered
- 13
- Annual fee range
- 0.63% – 1.10%
Fund range by risk profile
- Defensive: 2 funds
- Conservative: 1 fund
- Balanced: 1 fund
- Growth: 1 fund
- Aggressive: 8 funds
How has Koura KiwiSaver performed?
Over the last 5 years, their Cash Fund returned +2.2% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Cash Fund | +1.7% |
| Conservative | Conservative Strategy | +5.2% |
| Balanced | Balanced Strategy | +9.4% |
| Growth | Growth Strategy | +11.9% |
| Aggressive | Strategic High Growth Fund | +13.7% |
KiwiSaver funds offered by Koura KiwiSaver Scheme
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Cash Fund | Defensive | 0.63% | +1.7% | +2.2% |
| Fixed Interest Fund | Defensive | 0.63% | +2.4% | +1.4% |
| Conservative Strategy | Conservative | 0.75% | +5.2% | Not reported |
| Balanced Strategy | Balanced | 0.93% | +9.4% | Not reported |
| Growth Strategy | Growth | 1.02% | +11.9% | Not reported |
| Bitcoin Fund | Aggressive | 1.10% | −19.8% | Not reported |
| Clean Energy Fund | Aggressive | 1.10% | +57.4% | Not reported |
| Emerging Markets Equities Fund | Aggressive | 0.63% | +26.1% | +6.8% |
| New Zealand Equities Fund | Aggressive | 0.63% | +3.1% | −0.4% |
| NZ Property Fund | Aggressive | 1.10% | −1.7% | Not reported |
| Rest Of World Equities Fund | Aggressive | 0.63% | +13.7% | +8.0% |
| Strategic High Growth Fund | Aggressive | 1.10% | +13.7% | Not reported |
| US Equities Fund | Aggressive | 0.63% | +13.4% | +11.6% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.