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Booster Kiwisaver Scheme

Geared Growth Fund

Aggressive·KiwiSaver fund·Risk 5/7
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The Smiths take

Geared Growth Fund Smiths Rating B+

Smiths' editorial rating, our internal opinion based on 10-year returns and risk band fit. Not a formal credit rating or regulated star rating.

The fund matches the group average on 5-year returns. Read the full breakdown below.

General information only · Past performance is not a reliable indicator of future performance · For personal advice please contact us.

At a glance

This fund is for investors seeking

Three quick reads for whether the Geared Growth Fund fits your situation.

A 10+ years timeframe

This is a aggressive KiwiSaver fund. The provider's recommended minimum holding period sits in the 10+ years range.

A higher-risk investment

Sorted's risk indicator places this at 5 on a 1–7 scale. Bigger swings, potentially higher long-term returns.

Mostly growth assets

98% growth assets (shares, property) and 2% income assets (bonds, cash). Spread across multiple asset classes.

Snapshot

The headline numbers

Mix

98.13% / 1.87%

Growth / Income · avg 98.25% / 1.75%

5-yr return

8.13%

Annualised, after fees & 28% PIR · avg 8.13%

Past performance is not a reliable indicator of future performance. Data as at Q1 2026 (31 Mar 2026).

What the provider says

In their own words

“The Geared Growth Fund is suited to investors who seek higher returns, including increased potential returns via leverage, on average over extended periods (fifteen years plus), allowing for more significant short to medium term ups and downs. We aim to achieve this by investing predominantly in growth assets, with little or no allocation to income assets, and the use of leverage to provide increased exposure.”
Fund start date
15 July 2009
Withdrawal rules
This is a KiwiSaver fund. generally you can withdraw only to purchase a first home, after the age of 65, or in cases of significant financial hardship.

Asset mix

What this fund actually holds

Growth assets are 98.13% of the fund, income assets the rest. The mix is the latest snapshot from Sorted, with the average for this risk band's KiwiSaver funds shown alongside.

  • Shares
    this fund
    avg

    91.57%

    avg 87.94%

  • Property
    this fund
    avg

    6.56%

    avg 8.38%

  • Other
    this fund
    avg

    0.00%

    avg 1.93%

  • Bonds
    this fund
    avg

    0.11%

    avg 0.38%

  • Cash
    this fund
    avg

    1.76%

    avg 1.37%

What it owns

Top 10 holdings. 25.44% of the fund

The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.

  • Vanguard Esg Us Stock Etf

    Fund

    Fund
    US
    4.56%

  • Fisher & Paykel Healthcare Corporation Limited

    Shares

    Australasian Equities
    NZ
    3.94%

  • Nvidia Corp

    Shares

    International Equities
    US
    2.84%

  • Auckland International Airport Limited

    Shares

    Australasian Equities
    NZ
    2.50%

  • Microsoft Corporation

    Shares

    International Equities
    US
    2.43%

  • Apple Inc

    Shares

    International Equities
    US
    2.32%

  • Infratil Limited

    Shares

    Australasian Equities
    NZ
    1.93%

  • Amazon.Com Inc

    Shares

    International Equities
    US
    1.70%

  • Nz Cash (Bnz Bank Trust Account)

    Cash

    Cash and Cash Equivalents
    NZ
    1.61%

  • Alphabet Inc (Class C)

    Shares

    International Equities
    US
    1.61%

Yearly returns

8.13% per year over 5 years

Each bar is the 12-month return ending in March, after fees and 28% PIR. Past performance is not a reliable indicator of future performance.

Returns: living in the past

Seeking returns is the point of investing, but the ones shown above are already gone. they won't continue. Pick a fund based on the right mix for your situation, not on past returns.

Risk indicator

Sorted risk rating: 5 of 7

The Sorted risk indicator is calculated from the last 5 years of price volatility. Higher = more ups and downs but typically higher long-term returns.

Lower risk · lower returnsHigher risk · higher returns
1
2
3
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5
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7

Fund details

The unsexy stats that matter

Total fund value
$718,642,077
Members
16,398
Asset liquidity ratio
95.44%
Debt ratio
9.13%
Default KiwiSaver fund
Yes
Fund reference
FND1286

Manager

Booster Kiwisaver Scheme

Licensed with the Financial Markets Authority.

NZBN
9429037597320
FSP number
FSP28142

Smiths Health Check

See whether the Geared Growth Fund fits your situation.

Take the 90-second Health Check. We'll grade your current setup and give you a personalised recommendation from our advised panel, benchmarked against every fund in the directory, not just booster.

Our directory covers every NZ KiwiSaver fund. Our advice panel is five schemes (ANZ, Booster, Fisher Funds, Generate, Milford); recommendations land on four funds across Milford and Booster — how we're paid →

Run free Health Check
Data: Sorted Smart Investor. Returns and holdings refresh quarterly. Data as at Q1 2026 (31 Mar 2026). General information only. Past performance is not a reliable indicator of future performance.