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NZ Funds KiwiSaver Scheme
NZ Funds KiwiSaver Scheme is a KiwiSaver provider that runs 7 KiwiSaver funds, has 86,594 members, manages $1.9 billion, or 1.4% of the KiwiSaver market.
About NZ Funds KiwiSaver Scheme
New Zealand Funds Management is a privately owned New Zealand wealth manager founded in 1988. Its KiwiSaver scheme launched in 2010 and uses an active approach across its core strategy funds, with currency overlays, derivatives and alternative assets sitting alongside conventional shares and income assets. Members can use the Income, Inflation and Growth strategy funds directly, or lifecycle options that shift allocation by age. NZ Funds is primarily adviser-led, and the range also includes a separate passive Balanced Fund with no management fee.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2010
- Investment approach
- Active with alternatives
- KiwiSaver funds under management
- $1.9 billion (1.4% of the KiwiSaver market)
- Members
- 86,594
- Average member balance
- $21,820
- KiwiSaver funds offered
- 7
- Annual fee range
- 1.12% – 2.01%
Fund range by risk profile
- Defensive: 1 fund
- Balanced: 2 funds
- Growth: 2 funds
- Aggressive: 2 funds
How has NZ Funds KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the Income Strategy, at +0.9% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Income Strategy | +1.3% |
| Balanced | Balanced Fund | +5.4% |
| Aggressive | Growth Strategy | +7.8% |
KiwiSaver funds offered by NZ Funds KiwiSaver Scheme
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Income Strategy | Defensive | 1.12% | +1.3% | +0.9% |
| Balanced Fund | Balanced | Not reported | +5.4% | Not reported |
| Life Cycle - Age 75 | Balanced | 1.50% | +5.6% | −0.6% |
| Life Cycle - Age 0-54 | Growth | 1.91% | +7.5% | −0.8% |
| Life Cycle - Age 65 | Growth | 1.57% | +6.1% | −0.7% |
| Growth Strategy | Aggressive | 2.01% | +7.8% | −0.9% |
| Inflation Strategy | Aggressive | 1.42% | +7.5% | −2.3% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.