*Past performance is not necessarily indicative of future performance.
*All returns are after fees and before tax, updated 30th September 2020.
*Source: MorningStar Fund Report September 2020
We’re here to help find the best KiwiSaver fund for you. Let’s start by providing you with a comparison report of your existing fund.
It's important to check the health of your KiwiSaver fund and understand its position within the market. Submit the form below to view a simple graphic report of your fund.
There is an overwhelming number of KiwiSaver providers to choose from and we know reading about all the different KiwiSaver funds and how they differ is one of those chores you’re inclined to put off as it’s not the most exciting weekend task.
To make life a little easier, we've put together some detailed information on the top-performing KiwiSaver funds based on each category’s 5-year returns. The data is based on the quarterly Morningstar Survey of September 2020.
Jump to
Milford Conservative Fund - Five Years Return: 6.3%
About Milford Conservative Fund
Milford's Conservative Fund is aimed towards investors looking for medium returns and greater capital protection with a minimum investment period of 3 years. The investment is one with lower risk that is diversified, primarily, with fixed interest securities and a reasonable allocation to equity.
Fund's Net Returns vs Morningstar Conservative Index
The chart below shows the after-fee and before-tax returns of Milford's Conservative Fund compared to Morningstar's NZ Multi-Sector Conservative Index. The five-year return of Milford's Conservative Fund is 6.3% whereas the 5-year return on Morningstar's index is 5.4%.
Milford Conservative vs Morningstar NZ Multi-Sector Conservative Index
Asset Allocation Detailed Breakdown
Taking a look at the asset allocation gives you an idea of what the fund invests in as well as the proportions. It is a good indicator for investors as asset allocation impacts the volatility, risk, and return of a fund.
As of September 2020, the target asset allocation of Milford Conservative Fund was as follows:
Fees Compared to Industry Average
FEES |
MILFORD CONSERVATIVE FUND |
PEER GROUP - CONSERVATIVE FUND |
Total Annual Fund Fees |
0.95% |
0.67% |
+ Membership Fee (annual) |
$36.00 |
$25.50 |
Is the Milford Conservative Fund right for you?
If you're in a conservative KiwiSaver fund, you prioritise stability and lower volatility over high returns. You are potentially aiming to withdraw from your KiwiSaver in the next couple of years for either your first home or retirement. In this case, you wouldn't want to witness a sudden drop in your KiwiSaver balance when you are finally ready to use your funds.
If you feel unsure about whether or not you should be in a conservative fund, by submitting a KiwiSaver HealthCheck, you’ll get personalised KiwiSaver recommendations so you don't have to make the decision alone.
Aon Russell LifePoints Moderate Fund - Five Years Return: 7.3%
About Aon Russell LifePoints Moderate Fund
Aon Russell LifePoints Moderate Fund has a goal of generating returns that are greater than inflation. The fund has a target investment mix of 60% in income assets and 40% in growth assets (Source: Aon) and is currently investing in a greater proportion of growth assets (39.9%) to income assets (26.4%). This fund suits investors who are looking to hold their investment for a period no less than 5 years.
Fund's Net Returns vs Morningstar Moderate Index
The chart below shows the after-fee and before-tax returns of Aon Russell LifePoints Moderate Fund compared to Morningstar's NZ Multi-Sector Moderate Index. The five-year return of Aon Russell LifePoints Moderate Fund is 7.3% whereas the 5-year return on Morningstar's index is 6.4%.
Aon Russell LifePoints vs Morningstar NZ Multi-Sector Moderate Index
Asset Allocation Detailed Breakdown
As of September 2020, the target asset allocation of Aon Russell LifePoints Moderate Fund was as follows:
Fees Compared to Industry Average
FEES |
AON RUSSELL LIFEPOINTS MODERATE FUND |
PEER GROUP - MODERATE FUND |
Total Annual Fund Fees |
1.06% |
0.89% |
+ Membership Fee (annual) |
$49.80 |
$28.44 |
Is the Aon Russell LifePoints Moderate Fund right for you?
Fees are only one of the many factors to be considered when looking into a fund, therefore, don’t be deterred by Aon Russell LifePoints higher than average fees. If you’re in a moderate fund, you most likely value the stability of your investment rather than the level of returns but are willing to accept slightly more volatility than a conservative fund. You may be a few years away from withdrawing from your KiwiSaver.
If you're unsure about whether you are making the most out of your KiwiSaver, take our KiwiSaver HealthCheck below to help you feel more confident in your investment.
Milford Balanced Fund - Five Years Return: 9.1%
About Milford Balanced Fund
Milford's Balanced fund seeks to deliver capital growth for investors over an investment period of 5 or more years. The fund primarily invests in equity with a decent proportion of the allocation in fixed interest securities. It is considered a low-to-medium risk fund considering its asset allocation and diversification.
Fund's Net Returns vs Morningstar Balanced Index
The chart below shows the after-fee and before-tax returns of Milford Balanced Fund compared to Morningstar's NZ Multi-Sector Balanced Index. The five-year return of Milford Balanced Fund is 9.1% whereas the 5-year return on Morningstar's index is 7.8%.
Milford Balanced vs Morningstar NZ Multi-Sector Balanced Index
Asset Allocation Detailed Breakdown
As of September 2020, the target asset allocation of Milford Balanced Fund was as follows:
Fees Compared to Industry
FEES |
MILFORD BALANCED FUND |
PEER GROUP - BALANCED FUND |
Total Annual Fund Fees |
1.28% |
1.01% |
+ Membership Fee (annual) |
$36.00 |
$27.00 |
Is the Milford Balanced fund right for you?
When considering investing in a Balanced fund, it is important to ensure that the assets in the fund will give you the stability and returns you want out of your KiwiSaver. As everyone has different goals, being in a KiwiSaver fund that aligns with your individual goals could end up saving you thousands.
Is your KiwiSaver account currently being maximised?
Milford Active Growth Fund - Five Years Return: 10.7%
About Milford Active Growth Fund
The Milford Active Growth Fund strives for an annual net return of 10% for their investors over a recommended investment period of no less than five years. It is classified as a medium-to-high risk fund that diversifies by investing largely in equity and a reasonable amount of asset allocation in fixed interest securities.
Fund's Net Returns vs Morningstar Growth Index
The chart below shows the after-fee and before-tax returns of Milford Active Growth Fund compared to Morningstar's NZ Multi-Sector Balanced Index. The five-year return of Milford Active Growth Fund is 10.7% whereas the 5-year return on Morningstar's index is 8.9%.
Milford Active Growth vs Morningstar NZ Multi-Sector Growth Index
Asset Allocation Detailed Breakdown
As of September 2020, the target asset allocation of Milford's Active Growth Fund was as follows:
Fees Compared to Industry
FEES |
MILFORD ACTIVE GROWTH FUND |
PEER GROUP - GROWTH FUND |
Total Annual Fund Fees |
1.06% |
1.05% |
+ Membership Fee (annual) |
$36.00 |
$27.72 |
Is the Milford Active Growth fund right for you?
If you’re in a growth fund, you’re most likely ok with seeing volatility in the value of your KiwiSaver and aren’t planning on withdrawing from it anytime soon. You're generally more interested in returns but also know that it's important not to get caught up in headline figures. Because past performance does not necessarily predict future performance, researching what your fund is actually invested in and how the fund provider chooses each asset is equally important.
National Capital is constantly reviewing and researching each of these aspects to help you choose a fund that suits you best. As well as this, National Capital wants to make sure you are informed on what you should do if your circumstances or the circumstances of your provider change.
Booster Geared Growth Fund - Five Years Return: 12.4%
About Booster Geared Growth Fund
Booster's Geared Growth Fund works to provide their investors with an annual rate of return (net of fees but before tax) of at least 5.5% above the inflation rate over a period of 10 or more years. The fund wants long-term investors to be able to benefit, through borrowing, from a leveraged (geared) exposure to growth assets.
Fund's Net Returns vs Morningstar Aggressive Index
The chart below shows the after-fee and before-tax returns of Booster's Geared Growth Fund compared to Morningstar's NZ Multi-Sector Aggressive Index. The five-year return of Booster Geared Growth Fund is 12.4% whereas the 5-year return on Morningstar's index is 9.7%.
Booster Geared vs Morningstar NZ Multi-Sector Aggressive Index
Asset Allocation Detailed Breakdown
As of September 2020, the target asset allocation of Booster's Geared Growth Fund was as follows:
Fees Compared to Industry
FEES |
BOOSTER GEARED GROWTH FUND |
PEER GROUP - AGGRESSIVE FUND |
Total Annual Fund Fees |
1.68% |
1.24% |
+ Membership Fee (annual) |
$36.00 |
$36.00 |
Is the Booster Geared Growth fund right for you?
As an aggressive KiwiSaver investor, not unlike a growth investor, you probably have a high tolerance and capacity for volatility. You are able to withstand fluctuations in your KiwiSaver fund due to the fact you are investing for a longer period of time.
As with any fund, but importantly aggressive funds, the proportion of growth to income assets, where your money is invested, and who is actually managing it, all greatly impact the performance of your investment in the long-run. Feeling unsure as to which KiwiSaver fund you should be in?
Past Quarter Reports
Best Performing KiwiSaver Funds - Mar 2020
Best Performing KiwiSaver Funds - June 2020
We have looked at the best performing KiwiSaver funds based on their 5-year returns, however, looking at past performance of a fund is just one aspect when choosing a KiwiSaver fund. Other questions you should be asking include:
Our research team at National Capital looks at over 100+ funds and can recommend the right KiwiSaver investment for you.
Why Use National Capital?
Our KiwiSaver recommendations look at the big picture and not just the scorecard. So, what are you waiting for?
PO Box 2134
Shortland Street
Auckland 1010