Nz Funds Kiwisaver Scheme
Life Cycle - Age 65
The Smiths take
Life Cycle - Age 65 Smiths Rating B+
Smiths' editorial rating, our internal opinion based on 10-year returns, fees, and risk band fit. Not a formal credit rating or regulated star rating.
The fund matches or beats the group average on the standard Sorted measures. 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 Life Cycle - Age 65 fits your situation.
A 7+ years timeframe
This is a growth KiwiSaver fund. The provider's recommended minimum holding period sits in the 7+ 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.
Growth-leaning mix
74% growth assets (shares, property) and 26% income assets (bonds, cash). Spread across multiple asset classes.
Snapshot
The headline numbers
Mix
73.52% / 26.48%
Growth / Income · avg 77.80% / 22.20%
Fees
1.60%
$480 on $30k · avg 1.62%
5-yr return
3.30%
Annualised, after fees & 28% PIR · avg 3.30%
What the provider says
In their own words
“The objective of Life Cycle is to allocate your investment across the three funds (Strategies) in the Scheme based on your age to ensure your investment is allocated in a manner consistent with your investment timeframe. At age 65, your investment will be allocated as follows: 27% to the Income Strategy; 34% to the Inflation Strategy; and 39% to the Growth Strategy.”
- Fund start date
- 1 November 2010
- 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 73.52% 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.
- Sharesthis fundavg
56.18%
avg 71.16%
- Propertythis fundavg
11.46%
avg 4.53%
- Otherthis fundavg
5.88%
avg 2.11%
- Bondsthis fundavg
13.55%
avg 17.08%
- Cashthis fundavg
12.93%
avg 5.12%
What it owns
Top 10 holdings. 26.19% of the fund
The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.
Goldman Sachs Futures
Cash
Cash and Cash EquivalentsUS6.40%Westpac Cash
Cash
Cash and Cash EquivalentsNZ4.22%Westpac Bank Bill 2.75% 12/01/2026
Cash
Cash and Cash EquivalentsNZ2.94%Westpac Bank Bill 2.738% 19/01/2026
Cash
Cash and Cash EquivalentsNZ2.66%Westpac Bank Bill 2.51% 30/03/2026
Cash
Cash and Cash EquivalentsNZ2.14%Goldman Sachs Otc Derivatives
Cash
Cash and Cash EquivalentsNZ1.94%Anz Bank Ltd 2.999% 17/09/2031
Bonds
New Zealand Fixed InterestNZ1.55%Bnz Bank Bill 2.49% 18/03/2026
Cash
Cash and Cash EquivalentsNZ1.50%Mercury Nz Ltd
Shares
Australasian EquitiesNZ1.45%Chorus Ltd
Shares
Australasian EquitiesNZ1.39%
Fees breakdown
What you actually pay
Modelled on a $30,000 balance held for one full year. Each line shows this fund's % and dollar cost vs. the average for funds in the same risk band.
Management
Charged by the fund manager, % of your balance.
1.04%
avg 0.90%
$312
avg $271
+0.14%Other
Other potential costs not in the categories below.
56.18%
avg 71.16%
-
avg -
−14.98%Performance-based
Higher when the fund (or underlying fund) performs well.
0.00%
avg -
$0
avg -
Membership
A flat annual fee, regardless of balance or performance.
0.10%
avg 0.05%
$30
avg $15
+0.05%
Total combined fees
Doesn't include fees for one-off activities like transferring or withdrawing.
1.60%
avg 1.62%
$480
avg $486
Yearly returns
3.30% 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 and reasonable fees, 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.
Fund details
The unsexy stats that matter
- Total fund value
- $18,202,110
- Members
- 215
- Asset liquidity ratio
- 97.43%
- Debt ratio
- 0.16%
- Default KiwiSaver fund
- No
- Fund reference
- FND1587
Manager
Nz Funds Kiwisaver Scheme
Licensed with the Financial Markets Authority.
- NZBN
- 9429039444158
- FSP number
- FSP27062
Smiths Health Check
Is the Life Cycle - Age 65 actually the right fund for you?
Take the 90-second Health Check. We'll grade your current setup, tell you what it's costing you, and recommend the best fit from our advised panel, benchmarked against every fund in the directory, not just nz.
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 →