KiwiSaver fund category comparison table

There are a number of KiwiSaver comparison or reporting tools available to investors but there is no consistency across various providers as to how the individual funds are categorised by general risk.

To highlight the differences we have built this table which shows how the various funds are viewed by us, by Sorted and by Morningstar.

Our top level risk categories are in five broad groups*:

- Conservative,
- Moderate,
- Balanced,
- Growth and
- Aggressive.

Within each of these categories you may find a mix of single sector funds (e.g. bond or share funds), some more broadly diversified funds or socially responsible investments.

To assign a broad risk classification, we take these things into consideration:

- the target asset allocation (that is, where the manager plans to invest the funds),
- the current asset allocation,
- the exposure to smaller or mid sized companies,
- liquidity of the underlying investments,
- exposures to derivatives or alternative assets and
- potential for wide variability in monthly and annual returns.

(We may also apply some professional judgement to the final categorisation so that the result can pass a common sense test.)

Sorted's approach is to categorise funds almost solely based on their relative levels of equity holdings - more equities = more risk.

* Each analysts definition of these labels can be different from the others.

Fund Name
interest.co.nz
Morningstar
 
 
 
 
Amanah KiwiSaver Plan Aggressive Balanced  
AMP KiwiSaver Aggressive Fund
Aggressive
Aggressive
Aggressive
AMP KiwiSaver ANZ Balanced Plus Fund
Growth
Balanced
Growth
AMP KiwiSaver Balanced Fund
Growth
Balanced
Balanced
AMP KiwiSaver Cash Fund
Conservative
Defensive
Cash
AMP KiwiSaver Conservative Fund
Moderate
Conservative
Moderate
AMP KiwiSaver Default Fund
Conservative
Conservative
Conservative
AMP KiwiSaver Growth Fund
Aggressive
Growth
Growth
AMP KiwiSaver Moderate Fund
Moderate
Balanced
Moderate
AMP KiwiSaver Moderate Balanced Fund
Balanced
Balanced
Balanced
AMP KiwiSaver Fisher Balanced Fund
Balanced
Balanced
Balanced
AMP KiwiSaver Nikko AM Balanced Fund
Balanced
Growth
Growth
ANZ Balanced
Balanced
Balanced
Balanced
ANZ Balanced Growth
Growth
Growth
Growth
ANZ Cash
Conservative
Defensive
Cash
ANZ Conservative
Moderate
Conservative
Conservative
ANZ Conservative Balanced
Moderate
Balanced
Moderate
ANZ Growth
Aggressive
Growth
Growth
ANZ OneAnswer Australasian Property
Aggressive
Aggressive
Property
ANZ OneAnswer Australasian Share
Aggressive 
Aggressive
Australasian Equity
ANZ OneAnswer Balanced
Balanced
Balanced
Balanced
ANZ OneAnswer Balanced Growth
Growth
Growth
Growth
ANZ OneAnswer Cash
Conservative
Defensive
Cash
ANZ OneAnswer Conservative
Moderate
Conservative
Conservative
ANZ OneAnswer Conservative Balanced
Moderate
Balanced
Moderate
ANZ OneAnswer Growth
Aggressive
Growth
Growth
ANZ OneAnswer International Fixed Interest
Conservative
Defensive
Fixed income
ANZ OneAnswer International Property
Aggressive
Aggressive
Property
ANZ OneAnswer International Share
Aggressive 
Aggressive
Int'l Equity
ANZ OneAnswer New Zealand Fixed Interest
Conservative
Defensive
Fixed income
ANZ OneAnswer Sustainable Growth
Aggressive 
Aggressive
Int'l Equity
ANZ Default KiwiSaver Scheme Balanced
Balanced
Balanced
Balanced
ANZ Default KiwiSaver Scheme Balanced Growth
Growth
Growth
Growth
ANZ Default KiwiSaver Scheme Cash Fund
Conservative
Defensive
Cash
ANZ Default KiwiSaver Scheme Conservative Fund
Conservative
Conservative
Conservative
ANZ Default KiwiSaver Scheme Conservative Balanced
Moderate
Balanced
Moderate
ANZ Default KiwiSaver Scheme Growth Fund
Aggressive
Growth
Growth
ANZ KiwiSaver Balanced Fund
Growth
Balanced
Balanced
Aon KiwiSaver ANZ Default Cash Fund
Conservative
Defensive
Cash
Aon KiwiSaver ANZ Default Balanced Fund Growth Balanced Balanced
Aon Milford
Aggressive
Growth
Australasian Equity
Aon Russell LifePoints 2015
Moderate
Conservative
Moderate
Aon Russell LifePoints 2025
Balanced
Balanced
Balanced
Aon Russell LifePoints 2035
Growth
Growth
Growth
Aon Russell LifePoints 2045
Aggressive
Growth
Aggressive
Aon Russell LifePoints Balanced
Growth
Balanced
Balanced
Aon Russell LifePoints Conservative
Moderate
Conservative
Conservative
Aon Russell LifePoints Growth
Growth
Growth
Growth
Aon Russell LifePoints Moderate
Balanced
Balanced
Moderate
Aon KiwiSaver Nikko Asset Management Balanced Fund
Balanced
Growth
Balanced
Aon KiwiSaver Nikko Asset Management NZ Cash Fund
Conservative
Defensive
Cash
ASB Balanced
Growth
Balanced
Balanced
ASB Conservative
Conservative
Conservative
Conservative
ASB Growth
Aggressive
Growth
Growth
ASB Moderate
Balanced
Balanced
Moderate
ASB NZ Cash
Conservative
Defensive
Cash
BNZ Balanced
Balanced
Balanced
Balanced
BNZ Cash 
Conservative
Defensive
Cash
BNZ Conservative
Conservative
Conservative
Conservative
BNZ Growth
Growth
Growth
Growth
BNZ Moderate
Moderate
Balanced
Moderate
Craigs Australian Equity
Aggressive 
Aggressive
 
Craigs Balanced
Growth
Balanced
 
Craigs Balanced SRI
Growth
Balanced
 
Craigs Conservative
Moderate
Conservative
 
Craigs Equity
Aggressive 
Aggressive
 
Craigs Fixed Interest
Conservative
Defensive
 
Craigs Growth
Growth
Growth
 
Craigs NZ Equity
Aggressive 
Aggressive
 
Fisher Funds Conservative
Moderate
Conservative
Conservative
Fisher Funds Growth
Aggressive
Aggressive
Aggressive
Forsyth Barr Australian Equities
Aggressive 
Aggressive
 
Forsyth Barr Balanced
Balanced
Growth
Growth
Forsyth Barr Global Equities
Aggressive 
Aggressive
 
Forsyth Barr Growth
Growth
Growth
Growth
Forsyth Barr Listed Property
Aggressive
Aggressive
 
Forsyth Barr Local Authorities
Conservative
Defensive
 
Forsyth Barr New Zealand Equities
Aggressive 
Aggressive
 
Forsyth Barr NZ Fixed Interest
Conservative
Defensive
 
Forsyth Barr Premium Yield
Conservative
Defensive
 
Forsyth Barr SRI
Aggressive 
Aggressive
 
Generate Conservative Fund
Moderate
Conservative
 
Generate Focused Growth Fund
Aggressive
Aggressive
 
Generate Growth Fund
Growth
Growth
 
Grosvenor Balanced
Balanced
Balanced
Balanced
Grosvenor Balanced Growth
Growth
Growth
Growth
Grosvenor Conservative
Moderate
Conservative
Moderate
Grosvenor Enhanced Income
Conservative
Defensive
Cash
Grosvenor Geared Growth
Aggressive
Aggressive
Aggressive
Grosvenor High Growth
Aggressive
Aggressive
Aggressive
Grosvenor International Share
Aggressive 
Aggressive
Int'l Equity
Grosvenor Socially Responsible
Aggressive 
Aggressive
Australasian Equity
Grosvenor KiwiSaver Default Saver Fund Conservative    
Grosvenor Trans-Tasman Small Companies
Aggressive 
Aggressive
Australasian Equity
Grosvenor KiwiSaver Asset Class Conservative Kiwi Fund Conservative   Moderate
Grosvenor KiwiSaver Asset Class Growth Kiwi Fund Aggressive   Aggressive
Grosvenor KiwiSaver Default Saver Fund Conservative   Conservative
Grosvenor KiwiSaver Options Kiwi Fund Aggressive   Misc
Grosvenor KiwiSaver Socially Responsible Investment Balanced Fund Balanced   Balanced
IwiInvestor Putea Hua (Income Focus)
 
Conservative
 
IwiInvestor Tahua Ngawari (Moderate)
 
Balanced
 
IwiInvestor Tahua Tipuranga (Growth)
 
Growth
 
IwiInvestor Tahua Totika (Balanced)
 
Balanced
 
IwiInvestor Tahua Whakatupato (Conservative)
 
Conservative
 
Kiwi Wealth Default Conservative Conservative Conservative
Kiwi Wealth Cash Conservative Defensive Cash
Kiwi Wealth Cash Plus Conservative Defensive Misc
Kiwi Wealth Conservative Conservative Conservative Conservative
Kiwi Wealth Balanced Balanced Balanced Balanced
Kiwi Weath Growth Growth Growth Aggressive
Lifestages High Growth Portfolio Aggressive    
Lifestages Income Portfolio Conservative    
Mercer Balanced
Balanced
Balanced Balanced
Mercer Cash
Conservative
Defensive
 
Mercer Conservative
Conservative
Conservative
Conservative
Mercer High Growth
Aggressive
Aggressive
 
Mercer KiwiSaver Moderate Moderate Balanced Moderate
Mercer KiwiSaver Shares Aggressive Aggressive Int'l Equity
Milford Active Growth
Aggressive
Growth
Australasian Equity
Milford Balanced
Balanced
Balanced
Balanced
Milford Conservative
Conservative
Conservative
Moderate
NZ Funds Growth
Growth
Balanced
Misc
NZ Funds Income
Conservative
Conservative
Misc
NZ Funds Inflation Strategy
Balanced
Balanced
Misc
SuperLife 30 Pool
Conservative
Conservative
 
SuperLife 60 Pool
Growth
Balanced
 
SuperLife 80 Pool
Aggressive
Growth
 
SuperLife Australian Share
Aggressive 
Aggressive
 
SuperLife Cash
Conservative
Defensive
 
SuperLife Ethica
Balanced
Balanced
 
SuperLife Gemino
Aggressive 
Aggressive
 
SuperLife Managed 30
Conservative
Conservative
 
SuperLife Managed 60
Growth
Balanced
 
SuperLife NZ Bonds
Conservative
Defensive
 
SuperLife NZ Shares
Aggressive 
Aggressive
 
SuperLife Overseas Government Bonds
Conservative
Defensive
 
SuperLife Overseas Non-government Bonds
Conservative
Defensive
 
SuperLife Overseas Shares Hedged
Aggressive 
Aggressive
 
SuperLife Overseas Shares Unhedged
Aggressive 
Aggressive
 
SuperLife Property Aggressive Aggressive  
Fisher Funds Two KiwiSaver Balanced Fund
Balanced
Balanced
Balanced
Fisher Funds Two KiwiSaver Enhanced Fund
Conservative
Defensive
Conservative
Fisher Funds Two KiwiSaver Conservative Fund
Moderate
Conservative
Moderate
Fisher Funds Two KiwiSaver Equity Fund
Aggressive 
Aggressive
Int'l Equity
Fisher Funds Two KiwiSaver Growth Fund
Growth
Growth
Growth
Fisher Funds Two KiwiSaver Preservation Fund
Conservative
Defensive
Cash
Westpac Balanced
Growth
Balanced
Balanced
Westpac Capital Protection Plan No. 1
Conservative
Aggressive
Misc
Westpac Capital Protection Plan No. 2
Conservative
Aggressive
Misc
Westpac Capital Protection Plan No. 3
Conservative
Aggressive
Misc
Westpac Capital Protection Plan No. 4
Conservative
Aggressive
Misc
Westpac Capital Protection Plan No. 5
Conservative
Aggressive
Misc
Westpac Cash
Conservative
Defensive
Cash
Westpac Conservative
Moderate
Conservative
Moderate
Westpac KiwiSaver Defensive Fund Conservative Conservative Conservative
Westpac KiwiSaver Moderate Fund Moderate Balanced Moderate
Westpac Growth
Aggressive
Growth
Growth