Top performing KiwiSaver funds (Q2, 2021 Results). KiwiSaver surpasses NZ $80billion!
The second quarter of 2021 again saw generally positive returns for riskier investments, this was supported by the rollout of the Covid-19 vaccines paired with ongoing supportive fiscal and monetary policy. Many developed nations saw falling rates of infection, resulting in loosening of restrictions which helped propel economic output and consumer spending. These, in turn, strengthened the outlook for future economic growth which pushed markets higher.
KiwiSaver assets on the Morningstar database sit at more than NZ$82.9 billion as at 30 June 2021 up from NZ$76.3 billion at 31 December 2020.
It continues to be an excellent time to be a diversified investor, and particularly so if you have a reasonable exposure to growth assets. While residential property prices seem to have dominated local headlines recently, those keeping an eye on other traditional (and more liquid) asset classes, like shares, will have noticed some stunning returns coming from these markets as well. For example, the Booster KiwiSaver Geared Growth and Milford KiwiSaver Aggressive funds have returned 32.7% & 29.8% respectively over the last 12 months to 30 June 2021. Booster and Milford’s long-term track record for their Growth/Aggressive solutions has also been very impressive.
To help New Zealand investors assess the past performance of the funds available and other key characteristics of their KiwiSaver superannuation options we collated data from the Morningstar KiwiSaver Survey for June 2021, the most recent survey conducted and ranked them on performance.
Note that all funds have been ranked on their most recent 5 year average yearly performances as at 30 June 2021, after fees.
Contents:
Conservative fund category top performers
Milford Conservative: 6.0% (five year average return)
Aon Russell Lifepoints Conservative: 5.4% (five year average return)
Aon Russell Lifepoints 2015: 5.4% (five year average return)
What difference would this make to my KiwiSaver?
The industry average return for Conservative fund types over the most recent 5 years was 4.9%*.
Milford Conservative Fund vs New Zealand Conservative Fund Average
What are the fees compared to industry average?
KiwiSaver fees are typically calculated as a % of your total balance. The majority of KiwiSaver funds also charge a fixed admin fee, however this is relatively small and consistent across varying KiwiSaver schemes. Please note that all returns stated are net of fees (returns after fees, before tax).
Industry Average for Conservative Funds fees = 0.66%
Milford Conservative Fund fees = 0.95%
Milford Conservative Fund Description
The Milford Conservative Fund description was obtained directly from Milfords most recent quarterly update.
The Fund’s objective is to provide moderate returns and protect capital after the base fund fee but before tax over the minimum recommended investment timeframe of three years. It is a diversified fund that primarily invests in fixed interest securities, with a moderate allocation to equities.
Milford Conservative Fund Asset Allocation
To find Milford’s target asset allocation percentages for their Conservative Fund as of June 2021, hover over each of the graphs elements.
Thinking about the Milford Conservative Fund?
The Milford Conservative Fund is suitable for investors who are looking to withdraw their fund in the next 2 to 5 years. Do note that past performance is no guarantee of future performance, further their are several other factors to consider when deciding on a KiwiSaver fund that is right for you including:
Social and environmental responsibility
Mobile phone app offering
New Zealand owned and operated
Customer service
And several more features
If you want to know if your KiwiSaver fund is both being maximised and suitable for your personal situation, follow the link below to our KiwiSaver advice page. The page contains a link to our fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
Moderate fund category top performers
Aon Russell Lifepoints Moderate: 7.5% (five year average return)
BNZ Moderate: 7.0% (five year average return)
Aon Russell Lifepoints 2025: 6.9% (five year average return)
What difference would this make to my KiwiSaver?
The industry average return for Moderate fund types over the most recent 5 years was 6.1%.
What are the fees compared to industry average?
KiwiSaver fees are typically calculated as a % of your total balance. The majority of KiwiSaver funds also charge a fixed admin fee, however this is relatively small and consistent across varying KiwiSaver schemes. Please note that all returns stated are net of fees (returns after fees, before tax).
Industry Average for Moderate Funds fees = 0.90%
Aon Russell Lifepoints Moderate Fund fees = 1.06%
Aon Russell Lifepoints Moderate Fund Description
The Aon Russell Lifepoints Moderate Fund description was obtained directly from Aon Russels most recent quarterly update.
The Fund’s objective is to produce returns in excess of inflation by investing with a higher allocation to income assets than growth assets with a suggested investment timeframe of 5 years.
Aon Russell Lifepoints Moderate Fund Asset Allocation
To find Aon Russell’s target asset allocation percentages for their Moderate Fund as of June 2021, hover over each of the graphs elements.
Thinking about the Aon Russell Lifepoints Moderate Fund?
The Aon Russell Lifepoints Moderate Fund is suitable for investors who are looking to withdraw their fund in the next 3 to 7 years. Do note that past performance is no guarantee of future performance, further their are several other factors to consider when deciding on a KiwiSaver fund that is right for you including:
Social and environmental responsibility
Mobile phone app offering
New Zealand owned and operated
Customer service
And several more features
If you want to know if your KiwiSaver fund is both being maximised and suitable for your personal situation, follow the link below to our KiwiSaver advice page. The page contains a link to our fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
Balanced fund category top performers
Milford Balanced: 10.4% (five year average return)
AON Russell Lifepoints Balanced: 9.6% (five year average return)
Fisher TWO Balanced: 9.4% (five year average return)
What difference would this make to my KiwiSaver?
The industry average return for Balanced fund types over the most recent 5 years was 8.6%*.
What are the fees compared to industry average?
KiwiSaver fees are typically calculated as a % of your total balance. The majority of KiwiSaver funds also charge a fixed admin fee, however this is relatively small and consistent across varying KiwiSaver schemes. Please note that all returns stated are net of fees (returns after fees, before tax).
Industry Average for Balanced Funds fees = 1.02%
Milford Balanced Fund fees = 1.48%
Milford Balanced Fund Description
The Milford Balanced Fund description was obtained directly from Milfords most recent quarterly update.
The Fund’s objective is to provide capital growth after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of five years. It is a diversified fund that primarily invests in equities, with a significant allocation to fixed interest securities.
Milford Balanced Fund Asset Allocation
To find Milford’s target asset allocation percentages for their Balanced Fund as of June 2021, hover over each of the graphs elements.
Thinking about the Milford Balanced Fund?
The Milford Balanced Fund is suitable for investors who are looking to withdraw their fund in the next 5 to 10 years. Do note that past performance is no guarantee of future performance, further their are several other factors to consider when deciding on a KiwiSaver fund that is right for you including:
Social and environmental responsibility
Mobile phone app offering
New Zealand owned and operated
Customer service
And several more features
If you want to know if your KiwiSaver fund is both being maximised and suitable for your personal situation, follow the link below to our KiwiSaver advice page. The page contains a link to our fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
Growth FUND CATEGORY TOP PERFORMERS
Milford Active Growth: 12.9% (five year average return)
Aon Milford: 12.9% (five year average return)
Fisher Growth: 12.3% (five year average return)
What difference would this make to my KiwiSaver?
The industry average return for Growth fund types over the most recent 5 years was 10.7%*.
What are the fees compared to industry average?
KiwiSaver fees are typically calculated as a % of your total balance. The majority of KiwiSaver funds also charge a fixed admin fee, however this is relatively small and consistent across varying KiwiSaver schemes. Please note that all returns stated are net of fees (returns after fees, before tax).
Industry Average for Growth Funds fees = 1.09%
Milford Active Growth Fund fees = 2.00%
Milford Active Growth Fund Description
The Milford Active Growth Fund description was obtained directly from Milford's most recent quarterly update.
The fund aims to provide annual returns of 10% over at least 5 years, and is a medium to high risk investment. It provides a diversified exposure to primarily equities and moderate allocation to fixed interest securities.
Milford Active Growth Fund Asset Allocation
To find Milford’s target asset allocation percentages for their Growth Fund as of 31 June 2021, hover over each of the graphs elements.
Thinking about the Milford Active Growth Fund?
The Milford Active Growth Fund is suitable for investors who are looking to withdraw their fund in the next 7 to 15 years. Do note that past performance is no guarantee of future performance, further their are several other factors to consider when deciding on a KiwiSaver fund that is right for you including:
Social and environmental responsibility
Mobile phone app offering
New Zealand owned and operated
Customer service
And several more features
If you want to know if your KiwiSaver fund is both being maximised and suitable for your personal situation, follow the link below to our KiwiSaver advice page. The page contains a link to our fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
aggressive FUND CATEGORY TOP PERFORMERS
Generate Focused Growth: 13.6% (five year average return)
Booster SRI High Growth: 13.6% (five year average return)
Kiwi Wealth Growth: 12.6% (five year average return)
What difference would this make to my KiwiSaver?
The industry average return for Aggressive fund types over the most recent 5 years was 12.2%*.
What are the fees compared to industry average?
KiwiSaver fees are typically calculated as a % of your total balance. The majority of KiwiSaver funds also charge a fixed admin fee, however this is relatively small and consistent across varying KiwiSaver schemes. Please note that all returns stated are net of fees (returns after fees, before tax).
Industry Average for Aggressive Funds fees = 1.34%
Generate Focused Growth Fund fees = 1.52%
Generate Focused Growth Fund Description
The Generate Focused Growth Fund description was obtained directly from Generate’s most recent quarterly update.
The objective of the Focused Growth Fund is to provide a growth investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property (including aged care) and infrastructure assets, Australasian equities and international equities. The fund has a medium to high level of volatility.
Generate Focused Growth Fund Asset Allocation
To find Generate’s target asset allocation percentages for their Focused Growth Fund as of June2021, hover over each of the graphs elements.
Thinking about the Generate Focused Growth Fund?
The Generate Focused Growth Fund is suitable for investors who are looking to withdraw their fund in a minimum suggested investment timeframe of at least 10 years. Do note that past performance is no guarantee of future performance, further there are several other factors to consider when deciding on a KiwiSaver fund that is right for you including:
Social and environmental responsibility
Mobile phone app offering
New Zealand owned and operated
Customer service
And several more features
If you want to know if your KiwiSaver fund is both being maximised and suitable for your personal situation, follow the link below to our KiwiSaver advice page. The page contains a link to our fact find only takes 5 minutes to complete, and once you have finished we will provide you with a free no-obligation KiwiSaver recommendation.
Miscellaneous FUND CATEGORY TOP PERFORMERS
SuperLife US Large Growth: 22.5% (five year average return) - see latest quarterly update for more information
SuperLife US 500 : 17.1% (five year average return) - see latest quarterly update for more information
Booster Geared Growth Fund: 16.2% (five year average return) - see latest quarterly update for more information
*Please note that all graphs depicting projections use a $10,000 starting balance, with compounding interest at the rates stated. They exclude any further contributions (such as your employee, employer or Government contributions).