Learn what type of KiwiSaver investor you are.

Understanding funds and switching at key stages in your life can add up to tens of thousands of dollars over time. It pays to find out what kind of fund works best for you, and what to look for when comparing your options. The easiest way to choose a Westpac KiwiSaver Scheme fund is to use our Westpac KiwiSaver Scheme Fund Chooser.

TIP: You're not locked into a fund. As your timeframe or circumstances change you can always switch between funds with more or less growth and risk.

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How to choose a Westpac KiwiSaver Scheme fund.

Compare all funds.

Learn how our seven funds achieve different levels of returns. See what your money is invested in and how this affects the growth of your savings and the ups and downs in your balance.  For the definition of some of the terms below check out quick help below.

Cash fund.

Target investment mix 

View fund update

 Investment objective and overview
  • The fund is designed for people with less than one year before wanting to withdraw their savings or wanting the lowest possible risk of their savings going down
  • This fund aims to provide stable returns over the short term. It is unlikely savings in this fund will go down, but they will only go up slowly
  • Long-term returns are likely to be the lowest of all the funds in the Westpac KiwiSaver Scheme.
Recommended minimum investment timeframe

None.

Fees and charges

Annual fund charge 0.25%.

Risk indicator1

Defensive Conservative fund.

Target investment mix

View fund update

Investment objective and overview
  • Aims to provide stable returns over the short to medium term
  • Invests primarily in income assets, but also has a 20% benchmark allocation to growth assets
  • Volatility is expected to be higher than the Cash Fund but lower than the Conservative Fund
  • Returns will vary and may be low or negative at times.
Recommended minimum investment timeframe

3 Years.

Fees and charges

Annual fund charge 0.40%.

Risk indicator1

Conservative fund.

Target investment mix

View fund update

Investment objective and overview
  • Aims to provide stable returns over the short to medium term
  • Invests primarily in income assets but also has a 25% benchmark allocation to growth assets
  • Volatility is expected to be higher than the Defensive Conservative Fund but lower than the Moderate Fund
  • Returns will vary and may be low or negative at times.
Recommended minimum investment timeframe

3 Years.

Fees and charges

Annual fund charge 0.40%.

Risk indicator1

Moderate fund.

Target investment mix

View fund update

Investment objective and overview
  • Aims to provide moderate level returns over the medium term
  • Has a higher benchmark allocation to income assets than to growth assets
  • Volatility is expected to be higher than the Conservative Fund but lower than the Default Balanced Fund
  • Returns will vary and may be low or negative at times.
Recommended minimum investment timeframe

5 Years.

Fees and charges

Annual fund charge 0.40%.

Risk indicator1

Default Balanced Fund.

Target investment mix

Investment objective and overview
  • Aims to provide moderate to medium level returns over the medium to long term.
  • Has an equal benchmark allocation to growth assets and income assets.
  • Volatility is expected to be higher than the Moderate Fund but lower than the Balanced Fund
  • Returns will vary and may be low or negative at times
Recommended minimum investment timeframe

6 Years.

Fees and charges

Annual fund charge 0.40%.


Risk indicator1

Balanced fund.

Target investment mix

View fund update

Investment objective and overview
  • Aims to provide medium level returns over the medium to long term
  • Has a higher benchmark allocation to growth assets than to income assets
  • Volatility is expected to be higher than the Default Balanced Fund but lower than the Growth Fund
  • Returns will vary and may be low or negative at times.
Recommended minimum investment timeframe

7 Years.

Fees and charges

Annual fund charge 0.50%.

Risk indicator1

Growth fund.

Target investment mix

View fund update

Investment objective and overview
  • Aims to provide higher returns over the long term
  • Invests primarily in growth assets but also has an allocation to income assets
  • Volatility is expected to be the highest of the funds
  • Returns will vary and are likely to be low or negative at times.
Recommended minimum investment timeframe

10 Years.

Fees and charges

Annual fund charge 0.55%.

Risk indicator1

Your fund choice.

Our Investor Resources allow you to find out how your fund is performing in several ways:

  • Our monthly fund comparison which provides basic performance data for all our KiwiSaver funds
  • Quarterly fund updates specifically for each fund, providing data on returns, fees and investment mix
  • A broader overview with our annual reports, which provide information about changes to our funds and their membership
  • You can also see a list of exactly which assets each fund is invested in with our Full Portfolio Holding statements.

Remember: The right KiwiSaver fund for you is one that suits your investment timeframe and whether you are ok with seeing the ups and downs. It's important to remember that the KiwiSaver fund that suits you best at one stage in your life may not be the best fit when your circumstances change. First home buyers and those approaching retirement should review their KiwiSaver fund choices at least once each year. Other KiwiSaver members should review their fund choices at least once every two years.

Other instances when you might need to review your fund choice include:

  • Moving overseas
  • Serious financial hardship
  • Being diagnosed with a serious illness.

If you think one of these situations might apply to you, you can give us a call to discuss your options.

Quick help.

Next steps.

Find the best fund for you

Check your current fund still works for your timeframe and circumstances.

Kiwisaver Fund Chooser

Switch funds online

Just log into your Westpac One® online banking account to manage and switch funds.

Login

Other ways to switch funds

Complete the KiwiSaver Switch fund form.

KiwiSaver Switch fund form

Track fund performance

View current and past performance of Westpac KiwiSaver Scheme funds.

Investor document centre

Things you should know.

1 The risk indicator for each fund is calculated based on the volatility of returns over five years ended 30 June 2021, which may not be a full investment cycle. In some cases, the risk indicator might differ if calculated using a longer timeframe. If the relevant 5-year period has  had unusually low or high volatility, the risk indicator may provide a less reliable indication of a fund's potential future volatility. Additionally, as the Default Balanced Fund does not have a 5 year return history, its risk indicator is calculated using market index returns (rather than actual fund returns) for the 5 years ended 30 June 2021. This may also mean that fund’s risk indicator may provide a less reliable indication of its potential future volatility.  See the Product Disclosure Statement for more information.

The Westpac KiwiSaver Scheme Fund Chooser, and the advice it produces, are provided by Westpac New Zealand Limited.

BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is the distributor, of the Westpac KiwiSaver Scheme (Scheme).

The information above is subject to changes to government policy and law, and changes to the Scheme from time to time.

Investments made in the Scheme do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac Group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac Group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Scheme's performance, returns or repayment of capital.

For a copy of the Product Disclosure Statement or more information about the Scheme, contact any Westpac branch or call 0508 972 254 or from overseas +64 9 375 9978 (international toll charges apply). You can also download the Product Disclosure Statement.