What is an Aggressive KiwiSaver fund?

Aggressive KiwiSaver funds invest 90-100% in growth assets (shares and property) with minimal income assets (bonds/cash). They target maximum long-term returns but have the highest volatility. Aggressive funds are designed for long-term investors (20+ years) with high risk tolerance who can withstand significant market fluctuations.

Who should choose an Aggressive KiwiSaver fund?

Aggressive funds are best for: Young investors aged 18-40 with 25+ years until retirement, those with very high risk tolerance, investors who can ignore short-term volatility, and people maximizing long-term growth. Not suitable for first home buyers, near-retirees, or anyone needing money within 15 years.

What returns can I expect from Aggressive KiwiSaver funds?

Aggressive funds have averaged 8-12% annually over 5 years, slightly higher than Growth funds (7-10%). However, they experience extreme volatility - in bull markets they may return 20-30%, but in crashes they can lose 15-30%. Over 30+ years, Aggressive funds typically outperform all other fund types due to 100% exposure to growth assets.

What's the difference between Aggressive and Growth funds?

Aggressive funds invest 90-100% in shares/property, while Growth funds invest 70-90%. Aggressive funds have slightly higher long-term returns (0.5-1% more annually) but significantly more volatility. Most investors find Growth funds offer better risk/reward balance. Only choose Aggressive if you have 25+ years and won't panic during market crashes.

Are Aggressive KiwiSaver funds too risky?

Aggressive funds are only too risky if: You need money within 15 years, you panic during market drops, or you check your balance frequently. Over 30+ years, market volatility smooths out and Aggressive funds typically deliver the highest returns. Risk is relative to time horizon - 100% shares is risky for 5 years but reasonable for 30 years.

Should I switch from Growth to Aggressive?

Switch to Aggressive if: You're under 35, have 30+ years to retirement, currently in a Growth fund, and want maximum returns. The extra 0.5-1% annual return compounds significantly over decades. Don't switch if: You're over 40, have less than 20 years to retirement, or market volatility causes you stress. Switching is free and takes 2-3 weeks.

Best Aggressive KiwiSaver Funds 2025

Compare all 129 Aggressive/High Growth KiwiSaver funds ranked by 5-year returns. Based on real FMA data, updated October 2025.

Total Aggressive Funds

129

High growth options

Average Return

4.96%

5-year average

Average Fees

0.90%

Annual fees

Top Performer

18.58%

Australian Financial...

What are Aggressive KiwiSaver Funds?

Aggressive funds (also called High Growth) invest 80-100% in growth assets like shares and property, with minimal or no allocation to income assets. They target maximum long-term returns but experience the highest volatility.

✅ Best For:

• Ages 18-40 typically
• High risk tolerance
• 20+ years to retirement
• Experienced investors comfortable with volatility

⚠️ Consider Instead If:

• You want slightly less risk → Growth funds
• You're uncomfortable with large market drops → Balanced funds
• You're within 15 years of retirement → Growth funds

All Aggressive Funds Ranked by Performance

Rank	Fund Name	Provider	5-Year Return	Fees	Risk	Members
#1	Australian Financials Fund	Smartshares	18.58%	0.69%	6/7	1k
#2	Us Large Growth Fund	Smartshares	17.61%	0.67%	6/7	4k
#3	US 500 Fund	Smartshares	16.78%	0.64%	5/7	3k
#4	Australian Mid Cap Fund	Smartshares	16.60%	0.69%	6/7	1k
#5	US Large Value Fund	Smartshares	14.93%	0.67%	5/7	1k
#6	Overseas Shares Fund	Smartshares	14.55%	0.68%	5/7	2k
#7	Us Equities Fund	Koura	14.51%	0.73%	6/7	7k
#8	US Mid Cap Fund	Smartshares	14.13%	0.67%	5/7	1k
#9	Total World Fund	Smartshares	13.96%	0.68%	5/7	1k
#10	Australian Shares Fund	Smartshares	13.93%	0.69%	5/7	2k
#11	US Small Cap Fund	Smartshares	13.93%	0.67%	6/7	1k
#12	Quaystreet International Equity Fund	Smartshares	13.91%	1.27%	5/7	1k
#13	Overseas Shares (Currency Hedged) Fund	Smartshares	13.89%	0.68%	5/7	2k
#14	Sustainable International Share	ANZ	13.87%	0.90%	5/7	1k
#15	Goalsgetter Amova Global Shares Fund	Nikko	13.41%	1.43%	5/7	0k
#16	Australian Resources Fund	Smartshares	12.84%	0.69%	6/7	1k
#17	Australian Top 20 Fund	Smartshares	12.83%	0.69%	5/7	1k
#18	AMP International Shares Fund No. 2	AMP	12.76%	0.86%	5/7	1k
#19	Europe Fund	Smartshares	12.58%	0.69%	5/7	1k
#20	AMP International Shares Fund	AMP	12.52%	0.85%	5/7	1k
#21	Australian Dividend Fund	Smartshares	11.86%	0.69%	5/7	0k
#22	Automatic Fund (Age 20)	SuperEasy	11.22%	0.51%	5/7	0k
#23	Superlife High Growth Fund	Smartshares	11.13%	0.73%	5/7	21k
#24	Superlife Age Steps - Age 20	Smartshares	10.71%	0.73%	5/7	0k
#25	Milford Kiwisaver Aggressive Fund	Milford	10.07%	1.15%	5/7	47k
#26	Growth Strategy	NZ Funds	10.06%	1.95%	6/7	24k
#27	Summer Australian Equities	Forsyth Barr	9.97%	1.02%	5/7	1k
#28	Stepping Stones Growth 0-50	Generate	9.81%	1.41%	5/7	3k
#29	International Share Fund	ANZ	9.77%	0.96%	5/7	1k
#30	Stepping Stones 0-35	Generate	9.65%	1.41%	5/7	4k
#31	Focused Growth Fund	Generate	9.47%	1.41%	5/7	103k
#32	SBS Wealth High Growth Fund	SBS	9.39%	1.17%	5/7	18k
#33	Geared Growth Fund	Booster	9.37%	1.50%	5/7	15k
#34	Asset Class Growth Fund	Booster	9.28%	1.37%	5/7	3k
#35	Lifestages Auto Option Age 0 - 49	SBS	9.20%	1.17%	5/7	6k
#36	Life Cycle - Age 0-54	NZ Funds	9.07%	1.87%	6/7	15k
#37	Rest Of World Equities Fund	Koura	9.06%	0.73%	5/7	6k
#38	Shares Fund	Mercer	8.86%	0.96%	5/7	1k
#39	Socially Responsible High Growth Fund	Booster	8.85%	1.35%	5/7	19k
#40	Global Equities Fund	MAS	8.85%	0.99%	5/7	2k
#41	Sustainable Shares Fund	Mercer	8.69%	0.95%	5/7	2k
#42	Australian Property Fund	Smartshares	8.62%	0.69%	6/7	1k
#43	Sustainable High Growth Fund	Mercer	8.33%	0.89%	4/7	8k
#44	AMP Aggressive Fund	AMP	8.32%	0.85%	4/7	30k
#45	AMP Aggressive Fund (Lifesteps)	AMP	8.32%	0.85%	4/7	14k
#46	Emerging Markets Fund	Smartshares	8.28%	0.83%	5/7	2k
#47	High Growth Fund	Mercer	8.02%	0.94%	5/7	2k
#48	Aggressive Fund	MAS	7.90%	0.98%	5/7	4k
#49	High Growth Fund	Booster	7.86%	1.41%	4/7	30k
#50	Asia Pacific Fund	Smartshares	7.41%	0.69%	4/7	1k
#51	Summer Global Equities	Forsyth Barr	7.39%	1.02%	5/7	1k
#52	Emerging Markets Equities Fund	Koura	7.38%	0.73%	5/7	6k
#53	Shielded Growth Fund	Booster	7.00%	1.41%	4/7	1k
#54	Nz Mid Cap Fund	Smartshares	6.02%	0.69%	5/7	1k
#55	Nz Dividend Fund	Smartshares	5.55%	0.69%	5/7	0k
#56	Nz Top 50 Fund	Smartshares	5.47%	0.69%	5/7	2k
#57	Nz Shares Fund	Smartshares	5.15%	0.69%	5/7	2k
#58	Global Property Fund	Smartshares	4.45%	0.68%	6/7	2k
#59	International Property Fund	ANZ	3.80%	0.99%	6/7	0k
#60	AMP Australasian Shares Fund	AMP	3.54%	0.83%	5/7	0k
#61	Inflation Strategy	NZ Funds	3.36%	1.52%	5/7	21k
#62	Summer New Zealand Equities	Forsyth Barr	3.35%	1.02%	5/7	1k
#63	Goalsgetter Amova Sri Equity Fund	Nikko	2.40%	1.23%	5/7	0k
#64	New Zealand Equities Fund	Koura	2.31%	0.73%	5/7	6k
#65	Nz Top 10 Fund	Smartshares	2.30%	0.69%	5/7	0k
#66	Quaystreet New Zealand Equity Fund	Smartshares	2.21%	1.37%	4/7	1k
#67	Australasian Share Fund	ANZ	1.67%	0.99%	5/7	1k
#68	Summer Listed Property	Forsyth Barr	0.95%	1.02%	5/7	0k
#69	Australasian Property Fund	ANZ	0.14%	1.01%	5/7	1k
#70	Nz Property Fund	Smartshares	0.06%	0.69%	5/7	1k
#71	Aggressive Strategy	Koura	0.00%	0.73%	5/7	0k
#72	Kernel Nz Commercial Property Fund	Kernel	0.00%	0.25%	5/7	0k
#73	Kernel Nz 50 Esg Tilted Fund	Kernel	0.00%	0.25%	5/7	0k
#74	Aggressive Fund	Fisher	0.00%	1.24%	5/7	2k
#75	Kernel Nz 20 Fund	Kernel	0.00%	0.25%	5/7	0k
#76	Kernel S&P 500 (Nzd Hedged) Fund	Kernel	0.00%	0.25%	6/7	1k
#77	BNZ Kiwisaver High Growth Fund	BNZ	0.00%	0.45%	5/7	11k
#78	Kernel Global Esg (Nzd Hedged) Fund	Kernel	0.00%	0.25%	6/7	0k
#79	High Growth Fund	Consilium	0.00%	0.80%	5/7	0k
#80	Investnow Harbour T. Rowe Price Global Equity Fund	Fundrock	0.00%	1.19%	5/7	1k
#81	Investnow Generate Focused Growth Fund	Fundrock	0.00%	1.39%	5/7	0k
#82	Goalsgetter Generate Thematic Fund	Nikko	0.00%	1.59%	5/7	0k
#83	S&P/Nzx 50 Fund	Smartshares	0.00%	0.69%	5/7	1k
#84	Quaystreet International Equity (Nzd Hedged) Fund	Smartshares	0.00%	1.27%	5/7	0k
#85	Kernel S&P 500 (Unhedged) Fund	Kernel	0.00%	0.25%	6/7	0k
#86	Total World (Nzd Hedged) Fund	Smartshares	0.00%	0.68%	5/7	0k
#87	Goalsgetter Amova Ark Disruptive Innovation Fund	Nikko	0.00%	1.53%	7/7	1k
#88	Kernel Global Property (Nzd Hedged) Fund	Kernel	0.00%	0.25%	6/7	0k
#89	Investnow Salt Enhanced Property Fund	Fundrock	0.00%	1.02%	5/7	0k
#90	Glidepath Age 25	Fisher	0.00%	1.24%	5/7	N/A
#91	Investnow Macquarie Global Listed Real Estate Fund	Fundrock	0.00%	1.35%	6/7	0k
#92	Goalsgetter Generate Focused Growth Fund	Nikko	0.00%	1.71%	5/7	0k
#93	Investnow Russell Investments Hedged Global Shares Fund	Fundrock	0.00%	0.86%	5/7	0k
#94	Kernel S&P Global Clean Energy Fund	Kernel	0.00%	0.45%	7/7	0k
#95	Investnow Foundation Series Hedged Us 500 Fund	Fundrock	0.00%	0.03%	6/7	0k
#96	Milford Aggressive Fund	AMP	0.00%	1.57%	5/7	2k
#97	Thematic Fund	Generate	0.00%	1.31%	5/7	1k
#98	Kernel S&P Global Dividend Aristocrats Fund	Kernel	0.00%	0.25%	5/7	0k
#99	High Growth Fund	Westpac	0.00%	0.70%	5/7	23k
#100	S&P/Asx 200 Fund	Smartshares	0.00%	0.69%	5/7	0k
#101	Investnow Mercer Nz Shares Passive Fund	Fundrock	0.00%	0.36%	5/7	0k
#102	Investnow Te Ahumairangi Global Equity Fund	Fundrock	0.00%	0.62%	4/7	0k
#103	Global Fund	Generate	0.00%	1.31%	5/7	0k
#104	High Growth Fund	Simplicity	0.00%	0.25%	5/7	24k
#105	Castle Point 5 Oceans Fund	Smartshares	0.00%	1.29%	3/7	0k
#106	Australasian Fund	Generate	0.00%	1.31%	5/7	0k
#107	Investnow Antipodes Global Value Fund	Fundrock	0.00%	1.21%	4/7	0k
#108	Investnow Foundation Series Us 500 Fund	Fundrock	0.00%	0.03%	5/7	1k
#109	Clean Energy Fund	Koura	0.00%	1.20%	7/7	2k
#110	Sharesies Pie Global Growth 2 Fund	Sharesies	0.00%	1.52%	5/7	3k
#111	Sharesies Milford Aggressive Fund	Sharesies	0.00%	1.15%	5/7	5k
#112	Investnow Foundation Series Hedged Total World Fund	Fundrock	0.00%	0.07%	5/7	0k
#113	Strategic High Growth Fund	Koura	0.00%	1.20%	5/7	1k
#114	Kernel Nz Small & Mid Cap Opportunities Fund	Kernel	0.00%	0.25%	5/7	0k
#115	Kernel High Growth Fund	Kernel	0.00%	0.25%	5/7	7k
#116	Investnow Castle Point Trans-Tasman Fund	Fundrock	0.00%	1.08%	5/7	0k
#117	Investnow Milford Aggressive Fund	Fundrock	0.00%	1.15%	5/7	0k
#118	Investnow Foundation Series Total World Fund	Fundrock	0.00%	0.07%	5/7	1k
#119	Sharesies Us500 Fund	Sharesies	0.00%	0.09%	6/7	3k
#120	Socially Responsible Geared Growth Fund	Booster	0.00%	1.46%	5/7	4k
#121	Investnow Mint Australasian Equity Fund	Fundrock	0.00%	1.19%	5/7	0k
#122	Investnow Clarity Global Shares Fund	Fundrock	0.00%	1.07%	5/7	0k
#123	Bitcoin Fund	Koura	0.00%	1.20%	7/7	3k
#124	Investnow Harbour Australasian Equity Focus Fund	Fundrock	0.00%	1.20%	5/7	0k
#125	Investnow Mercer All Country Global Shares Index Fund	Fundrock	0.00%	0.43%	5/7	1k
#126	High Growth Fund	ANZ	0.00%	0.95%	5/7	20k
#127	Nz Property Fund	Koura	0.00%	1.20%	6/7	2k
#128	High Growth Fund	ANZ	0.00%	0.95%	5/7	1k
#129	Aggressive Fund	ASB	0.00%	0.75%	5/7	22k

Compare Other Fund Types

Growth Funds

Slightly less aggressive, still high growth potential

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Balanced Funds

Mix of growth and income, moderate risk

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Data source: FMA KiwiSaver Quarterly Reports, provider Product Disclosure Statements. Last updated: October 2025.

Disclaimer: Past performance does not guarantee future results. This is not financial advice. Consult a licensed financial adviser before making investment decisions.