KiwiSaver Providers & Schemes

AMP Aggressive fund aims to provide returns over the medium term for investors with a high risk profile. Under the Lifesteps Investment Programme (savings are automatically moved from one fund to another based on investors age) this fund is offered for investors aged up to 30 years. Asset allocation benchmark and ranges for this fund are: Income assets 10% (0 - 45%) and growth assets 90% (55 - 100%)

AMP Balanced fund aims to provide returns over the medium term for investors with a medium risk profile. Under the Lifesteps Investment Programme (savings are automatically moved from one fund to another based on investors age) this fund is offered for investors aged between 40 to 47 years. Asset allocation benchmark and ranges for this fund are: Income assets 40% (10 - 70%) and growth assets 60% (30 - 90%)

AMP Cash fund aims to obtain steady returns and capital preservation. The asset allocation benchmark for this fund is: Income assets 100% and growth assets 0%.

AMP Conservative fund aims to provide relatively stable returns and capital preservation. Under the Lifesteps Investment Programme (savings are automatically moved from one fund to another based on investors age) this fund is offered for investors aged 65 years and over. Asset allocation benchmark and ranges for this fund are: Income assets 75% (44 - 100%) and growth assets 25% (0 - 56%)

AMP Default fund aims to provide relatively stable returns and capital preservation. Asset allocation benchmark and ranges for this fund are: Income assets 80% (75 - 85%) and growth assets 20% (15 - 25%). PLEASE NOTE: You cannot choose to invest in the Default Fund. Investors in the fund will either be defaulted into the fund by the IRD or by reason of the AMP KiwiSaver Scheme being their employer's chosen KiwiSaver scheme and they haven't chosen an investment option.

AMP Growth fund aims to provide high returns over the medium term for investors with a high risk profile. Under the Lifesteps Investment Programme (savings are automatically moved from one fund to another based on investors age) this fund is offered for investors aged from 31 to 39. Asset allocation benchmark and ranges for this fund are: Income assets 23% (4 - 56%) and growth assets 77% (44 - 96%).

The AMP ING Balanced fund aims to provide consistently good returns over the medium term for investors with a medium risk profile. The fund is offered to investors as membership of the AMP KiwiSaver Scheme. The AMP KiwiSaver Scheme is a default KiwiSaver Scheme for the purposes of the KiwiSaver Act. The main purpose of the AMP KiwiSaver Scheme is to provide retirement benefits to members. Membership is available to NZ citizens (or permanent residents) who are below the standard qualifying age for NZ superannuation (currently 65). Features include Contribution Holiday / Employer Contribution.

AMP Moderate Balanced fund aims to provide returns over the medium term for investors with a medium risk profile. Under the Lifesteps Investment Programme (savings are automatically moved from one fund to another based on investors age) this fund is offered for investors aged from 48 to 56. Asset allocation benchmark and ranges for this fund are: Income assets 49% (12 - 78%) and growth assets 51% (22 - 88%)

AMP Moderate fund aims to provide returns over the medium term for investors with a medium risk profile. Under the Lifesteps Investment Programme (savings are automatically moved from one fund to another based on investors age) this fund is offered for investors aged from 57 to 64. Asset allocation benchmark and ranges for this fund are: Income assets 62% (27 - 89%) and growth assets 38% (11 - 73%).

The AMP TOWER Balanced fund aims to provide consistently good returns over the medium term for investors with a medium risk profile. The fund is offered to investors as membership of the AMP KiwiSaver Scheme. The AMP KiwiSaver Scheme is a default KiwiSaver Scheme for the purposes of the KiwiSaver Act. The main purpose of the AMP KiwiSaver Scheme is to provide retirement benefits to members. Membership is available to NZ citizens (or permanent residents) who are below the standard qualifying age for NZ superannuation (currently 65). Features include Contribution Holiday / Employer Contribution.

The AMP Tyndall Balanced fund aims to provide consistently good returns over the medium term for investors with a medium risk profile. The fund is offered to investors as membership of the AMP KiwiSaver Scheme. The AMP KiwiSaver Scheme is a default KiwiSaver Scheme for the purposes of the KiwiSaver Act. The main purpose of the AMP KiwiSaver Scheme is to provide retirement benefits to members. Membership is available to NZ citizens (or permanent residents) who are below the standard qualifying age for NZ superannuation (currently 65). Features include Contribution Holiday / Employer Contribution.

ANZ KiwiSaver Balanced Fund is suited to investors who want to grow their savings while at the same time being prepared to accept a medium degree of variability in their investment return along the way. The fund invests primarily in a blend of shares fixed interest listed property as well as other assets. Currency hedging benchmarks: International Equities 50% International Bonds 100% International Property 100%. The exposure to all asset classes is actively managed by ING (NZ) Limited.

ANZ KiwiSaver Balanced Growth Fund is for investors who want to grow their savings while at the same time being prepared to accept a medium to high degree of variability in their investment return along the way. The fund invests primarily in growth assets such as shares and listed property with a moderate exposure to cash fixed interest and other assets. Currency hedging benchmarks: International Equities 50% International Bonds 100% International Property 100%. The exposure to all asset classes is actively managed by ING (NZ) Limited

The ANZ KiwiSaver Cash Fund is suited to investors who place a strong emphasis on the security of their savings over time but who also want a small degree of capital growth.

ANZ KiwiSaver Conservative Fund is for investors who place a strong emphasis on the security of their savings over time and wish to have a high degree of stability in their investment returns. The fund invests primarily in cash and fixed interest investments with a small exposure to growth assets such as shares and property and other assets. Currency hedging benchmarks: International Equities 50% International Bonds 100% International Property 100%. The exposure to all asset classes is actively managed by ING (NZ) Limited.

ANZ KiwiSaver Conservative Fund is for investors who place a strong emphasis on the security of their savings over time and wish to have a high degree of stability in their investment returns. The fund invests primarily in cash and fixed interest investments with a small exposure to growth assets such as shares and property and other assets. Currency hedging benchmarks: International Equities 50% International Bonds 100% International Property 100%. The exposure to all asset classes is actively managed by ING (NZ) Limited.

ANZ KiwiSaver Growth Fund is for investors who want to maximise capital growth in their savings and who are comfortable with a higher degree of variability in the value of their investment along the way. The fund invests principally in growth-based investments such as shares and listed property with a very limited exposure to cash fixed interest and other assets. Currency hedging benchmarks: International Equities 50% International Bonds 100% International Property 100%. The exposure to all asset classes is actively managed by ING (NZ) Limited.

The ASB KiwiSaver Balanced Fund is a part of the ASB KiwiSaver scheme selected as one of the default schemes by the Government for employees who choose to join KiwiSaver but do not choose their own scheme.

The ASB Conservative (default) fund is a part of the ASB KiwiSaver scheme selected as one of the default schemes by the Government for employees who choose to join KiwiSaver but do not choose their own scheme.

The ASB Growth fund is a part of the ASB KiwiSaver scheme selected as one of the default schemes by the Government for employees who choose to join KiwiSaver but do not choose their own scheme.

The ASB Moderate fund is a part of the ASB KiwiSaver scheme selected as one of the default schemes by the Government for employees who choose to join KiwiSaver but do not choose their own scheme.

The ASB NZ Bank Deposit fund is a part of the ASB KiwiSaver scheme selected as one of the default schemes by the Government for employees who choose to join KiwiSaver but do not choose their own scheme.

AXA Balanced portfolio is offered to investors as membership of the AXA KiwiSaver Scheme. The asset allocation benchmarks for this fund are: international shares 40% Australasian shares 15% NZ fixed interest 18% international fixed interest 17% property 5% and cash 5%.

AXA Cash portfolio is offered to investors as membership of the AXA KiwiSaver Scheme. The AXA Cash Portfolio is 100% invested in short-term interest-earning accounts such as bank savings accounts or cash management trusts.

The AXA Conservative portfolio is offered to investors as membership of the AXA KiwiSaver Scheme. The AXA KiwiSaver Scheme is a default KiwiSaver Scheme for the purposes of the KiwiSaver Act.

AXA Growth portfolio is offered to investors as membership of the AXA KiwiSaver Scheme. The asset allocation benchmarks for this fund are: international shares 60% Australasian shares 20% NZ fixed interest 8% international fixed interest 7% and property 5%.

AXA Income Plus (Default) portfolio is part of the AXA KiwiSaver Scheme the asset allocation benchmarks for this fund are: international shares 12% Australasian shares 7% NZ fixed interest 30% international fixed interest 20% property 5% and cash 26%.

The Asteron KiwiSaver Balanced Fund aims for consistent investment growth through an allocation between growth (45%) and income assets (55%) over a recommended investment timeframe of 3 to 5 year minimum. Sector investment is delegated to specialist managers via the following: NZ fixed interest via Asteron Corporate Bond Trust, international fixed interest through Guardian Global Aggregate Bond Fund (Fischer Francis Trees & Watts), cash via Guardian CashPlus Fund, trans-tasman shares via Guardian Small Companies Fund and Asteron Socially Responsible Investment Trust, international shares via the Guardian Global Equity Fund (Capital International Global Equity Fund) and Global Property via a direct investment in ABN AMRO High Income Property Fund located in Amsterdam. Target weightings are: 25% NZ fixed interest, 25% international fixed interest hedged into NZD, 5% cash, 20% trans-tasman shares, 20% international shares (50% hedged into NZD), and 5% global property hedged into NZD.

The Asteron KiwiSaver Balanced Growth Fund aims to achieve investment growth predominantly through growth assets (70%, with 30% in income assets) over the medium to long term. The recommended investment timeframe for this fund is a 5 to 7 year minimum.

The Asteron KiwiSaver Capital fund aims to achieve a gross return in excess of the NZX NZ 90 day bank bill index over a rolling three year period. The recommended investment timeframe for this fund is a 1 year minimum.

The Asteron KiwiSaver Conservative Fund aims to achieve a stable return through an allocation predominantly based on income assets (80%) supplemented by growth assets (20%), over the medium term. The recommended investment timeframe for this fund is a 1 to 3 year minimum.

The Asteron KiwiSaver Global Property Fund aims to achieve a gross return of 1.5% p.a. before fees in excess of the Global Property Research High Income Hedged Index. The recommended investment timeframe for this fund is a 7 year minimum.

The Asteron KiwiSaver High Yield Fixed Interest Fund aims to achieve a gross return of 1.5% p.a. before fees in excess of the NZX Government Stock Index. The recommended investment timeframe for this fund is a 3 to 5 year minimum.

The Asteron KiwiSaver International Share Fund aims to achieve a gross return of 2% p.a. before fees in excess of the MSCI World Index (50% hedged to NZD). The recommended investment timeframe for this fund is a 7 year minimum.

The Asteron KiwiSaver Socially Responsible Investment Share Fund aims to achieve a gross return of 3% p.a. before fees in excess of the NZX 50 Gross Index. The recommended investment timeframe for this fund is a 7 year minimum.

The Asteron KiwiSaver Trans-Tasman Small Companies Share Fund aims to achieve a gross return of 3% p.a. before fees in excess of the funds benchmark (a composite of 70% S&P/ASX Small Ordinaries Accumulation Index, 25% NZX Small Companies Gross Index, and 5% NZX NZ Call Index). The recommended investment timeframe for this fund is a 7 year minimum.

Brook Balanced fund is part of the Brook Professional KiwiSaver Scheme suitable for investors with less tolerance for the possibility of a decline in the value or their investments. The fund invests in a mix of income (bonds and bank deposits) and growth assets (listed company shares and property).

Brook Growth fund is part of the Brook Professional KiwiSaver Scheme investing primarily in growth assets suitable for investors with a long term investment horizon of at least 10 years. The asset allocation is split 90% Australasian / Global Equities with the balance in Infrastructure & Property / Fixed Interest & Cash.

Fidelity Life Aggressive Kiwi Fund is high risk and would suit investors looking for above average performance over the long term who are able to tolerate high volatility. The fund invests in international shares derivatives fixed interest and cash. Typically 75% (60% - 90%) of the portfolio will consist of growth assets such as shares property and hedge funds while around 25% (10% - 40%) of the portfolio will be invested in cash fixed interest and the Options fund.

Fidelity Life Balanced Kiwi Fund is aimed at investors with a medium risk profile and a 5 - 15 year time frame. The fund invests in a mix of cash fixed interest property and NZ Australian and international shares. Typically 30% (10 - 40%) will be in international shares 12.5% (5 - 40%) in Australasian shares 10% (0 - 20%) in property 35% (0 - 85%) in mortgages & fixed interest and 12.5% (0 - 25%) in cash.

Fidelity Life Capital Guaranteed Kiwi Fund is aimed at investors seeking a degree of stability in the value of their investment. This fund has a guarantee provided by Fidelity Life to the trustee of the Fidelity KiwiSaver scheme in respect of investors in this fund. This means that as at 31 March in each year the unit price calculated at this date will not be lower than on 31 March the previous year. The guarantee applies only to the unit price and not to the member's account value. The guarantee is given by Fidelity Life in its capacity as the administration and investment manager of the Scheme and is conditional upon this appointment continuing. Fidelity Life's obligations under the guarantee are unsecured and will rank behind all secured and preferential creditors of Fidelity Life together with all life insurance policy holder liabilities and will rank equally with all other unsecured creditors.

Fidelity Life Conservative Kiwi Fund aims to provide low risk capital stability for investors with a relatively short investment time horizon (5 - 10 years). The fund invests in a mix of cash fixed interest property and NZ Australian and international shares with a bias to cash and fixed interest. Typically 10% (5 - 25%) will be in international shares 10% (5 - 25%) in Australasian shares 7.5% (0 - 20%) in property 57.5% (30 - 85%) in mortgages & fixed interest and 15% (5 - 35%) in cash.

Fidelity Life Ethical Kiwi Fund provides the opportunity to avoid certain types of companies and investments while investing in cash fixed interest NZ Australian and international shares to maximise investment returns as well as the social good. It supports investments that embrace the principles of ethical business practices avoiding securities issued by organisations earning a substantial share of their earnings from the production of tobacco gambling alcohol or armament production.

Fidelity Life Growth Kiwi Fund suits investors with a medium to high risk profile and a longer investment time frame (10 - 45 years) who want growth and able to tolerate short term volatility. The fund invests in a mix of cash fixed interest property and NZ Australian and international shares with a bias to growth investments particularly international shares. Typically 52.5% (20 - 60%) will be in international shares 15% (10 - 40%) in Australasian shares 10% (0 - 20%) in property 17.5% (0 - 70%) in mortgages & fixed interest and 5% (0 - 15%) in cash.

Fidelity Life Options Kiwi Fund is a high risk fund that would suit investors with a medium term investment time frame (5 years and over). The fund invests in short term fixed interest investments used as security for derivatives (selling put and call options contracts).

The FirstChoice KiwiSaver Tracker Balanced Fund is a part of the ASB FirstChoice KiwiSaver Tracker Investment scheme. The ASB FirstChoice KiwiSaver Tracker Investment Funds is a range of five index tracking (passive) managed investment funds.

The FirstChoice KiwiSaver Tracker Conservative Fund is a part of the ASB FirstChoice KiwiSaver Tracker Investment scheme.

The First Choice KiwiSaver Tracker Growth Fund is a part of the ASB FirstChoice KiwiSaver Tracker Investment scheme.

The FirstChoice KiwiSaver Tracker Moderate Fund is a part of the ASB FirstChoice KiwiSaver Tracker Investment scheme. The ASB FirstChoice KiwiSaver Tracker Investment Funds is a range of five index tracking (passive) managed investment funds.

The FirstChoice KiwiSaver Active Balanced Fund is part of the ASB Active Investment Funds a range of five actively managed investment funds.

The FirstChoice KiwiSaver Active Conservative Fund is part of the ASB Active Investment Funds a range of five actively managed investment funds.

The FirstChoice KiwiSaver Active Growth Fund is part of the ASB Active Investment Funds a range of five actively managed investment funds.

The FirstChoice KiwiSaver Active High Growth Fund is part of the ASB FirstChoice KiwiSaver Active Investment Funds, a range of three actively managed investment funds.

The FirstChoice Cash Fund is a part of the ASB FirstChoice KiwiSaver Tracker Investment scheme.

The FirstChoice Cash Fund is a part of the ASB FirstChoice KiwiSaver Tracker Investment scheme.

The FirstChoice KiwiSaver Global Sustainability Fund provides investors access to a growth fund comprising 100% global shares investing in companies committed to sustainable activities and practices long-term. The aim of the fund is to seek superior returns while focusing on investing in global companies that are ommitted in their business decision making and operations to minising the social / economic / environmental / ethical and governance impacts of their businesses on society. The fund is part of the ASB Active Investment Funds a range of five actively managed investment funds.

The ASB FirstChoice KiwiSaver Tracker Investment Funds is a range of five index tracking (passive) managed investment funds.

The ASB FirstChoice KiwiSaver Tracker Investment Funds is a range of five index tracking (passive) managed investment funds.

The ASB FirstChoice KiwiSaver Tracker Investment Funds is a range of five index tracking (passive) managed investment funds.

The ASB FirstChoice KiwiSaver Tracker Investment Funds is a range of five index tracking (passive) managed investment funds.

The Fisher Funds Conservative KiwiSaver Fund has an emphasis on capital preservation and protecting the purchasing power of the investor's investments against inflation by seeking secure investments to achieve returns better than bank deposits over the long term. The investor would typically have an investment time horizon of 5 years or less. The fund may invest in all or any of a range of different asset classes principally comprising cash, fixed interest, shares, infrastructure securities and property securities both in New Zealand and internationally.

The Fisher Funds Growth KiwiSaver fund invests in the shares of smaller growing New Zealand and Australian companies, plus the option of investing in international companies. The fund will typically have between 10 and 20 stocks (listed and unlisted) in each of New Zealand and Australia at one time.

The Huljich Balanced Diversified KiwiSaver fund is part of the Huljich KiwiSaver Scheme. The fund invests in a mix of income (bonds and bank deposits) and growth assets (listed company shares and property).

The Huljich Conservative Diversified KiwiSaver fund is part of the Huljich KiwiSaver Scheme. The fund invests in a mix of income (bonds and bank deposits) and growth assets (listed company shares and property).

The Huljich Growth Diversified KiwiSaver fund is part of the Huljich KiwiSaver Scheme.The fund invests in a mix of income (bonds and bank deposits) and growth assets (listed company shares and property).

ING KiwiSaver Balanced Fund invests in a blend of shares listed property fixed interest and cash and would suit investors with a medium risk profile who want to grow their savings while at the same time being prepared to accept a small degree of variability in their investment return for a minimum 3 years investment timeframe.

ING KiwiSaver Balanced Growth Fund invests principally in growth assets such as shares and listed property and would suit investors with a medium to high risk profile who want to grow their savings while at the same time being prepared to accept a medium degree of variability in their investment return for a minimum 5 years investment timeframe.

ING KiwiSaver Cash Fund invests in interest-bearing bank accounts and would suit investors with a low risk profile who place a strong emphasis on the security of their savings over time and wish to have a high degree of stability in their investment return for a minimum 12 months.

ING KiwiSaver Conservative Balanced Fund invests principally in cash and fixed interest investments with moderate exposure to growth assets and would suit investors with a low to medium risk profile who place a strong emphasis on the security of their savings over time but also want a small degree of capital growth and suits a 2 year minimum investment timeframe

ING KiwiSaver Conservative Fund is where an investor is automatically allocated to ING KiwiSaver by Inland Revenue and has not selected a different fund or allocated to ING KiwiSaver because it is the employer's chosen scheme and the member has not selected a different fund then contributions will be invested into this fund. This fund invests primarily in cash and fixed interest investments with a small exposure to growth assets and would suit investors with a low risk profile who place a strong emphasis on the security of their savings over time and wish to have a high degree of stability in their investment return for a minimum 12 months

ING KiwiSaver Growth Fund invests primarily in growth-based investments such as shares and listed property and would suit investors with a medium to high risk profile who want to maximise capital growth in their savings and who are comfortable with a higher degree of variability in the value of their investment and suits a 7 year minimum investment timeframe.

The current investment objective of the Lifestages KiwiSaver Scheme is to produce long-term capital growth from a mix of investments chosen to give a lower level of risk to investors wishing to save for their retirement. The scheme is an active superannuation scheme and its current benchmark includes investments in SBS fixed interest investments and Australasian and international equities.

The Mike Pero Saver Balanced Diversified fund is part of the Huljich KiwiSaver Scheme.The fund invests in a mix of income (bonds and bank deposits) and growth assets (listed company shares and property).

The Mike Pero Saver Conservative Diversified fund is part of the Huljich KiwiSaver Scheme, the fund invests in a mix of income (bonds and bank deposits) and growth assets (listed company shares and property).

The Mike Pero Saver Growth Diversified fund invests in a mix of income (bonds and bank deposits) and growth assets (listed company shares and property).

National Bank KiwiSaver Balanced Fund is for investors who want to grow their savings while at the same time being prepared to accept a medium degree of variability in their investment return along the way. The fund invests primarily in a blend of shares fixed interest listed property as well as other assets. Currency hedging benchmarks: International Equities 50%; International Bonds 100%; International property 100%. The exposure to all asset classes is actively managed by ING (NZ) Limited.

National Bank KiwiSaver Balanced Growth Fund is for investors who want to grow their savings while at the same time being prepared to accept a medium to high degree of variability in their investment return along the way. The fund invests principally in growth assets such as shares and listed property with a moderate exposure to cash fixed interest and other assets. Currency hedging benchmarks: International Equities 50%; International Bonds 100%; International property 100%. The exposure to all asset classes is actively managed by ING (NZ) Limited.

National Bank KiwiSaver Conservative Balanced Fund is for investors who place a strong emphasis on the security of their savings over time but who also want a small degree of capital growth. The fund invests principally in cash and fixed interest investments with a moderate exposure to growth assets such as shares and property and other assets. Currency hedging benchmarks: International Equities 50%; International Bonds 100%; International property 100%. The exposure to all asset classes is actively managed by ING (NZ) Limited.

National Bank KiwiSaver Conservative Fund is for investors who place a strong emphasis on the security of their savings over time and wish to have a high degree of stability in their investment return. The fund invests primarily in cash and fixed interest investments with a small exposure to growth assets such as shares and property and other assets. Currency hedging benchmarks: International Equities 50%; International Bonds 100%; International property 100%. The exposure to all asset classes is actively managed by ING (NZ) Limited.

National Bank KiwiSaver Growth Fund is for investors who want to maximise capital growth in their savings and who are comfortable with a higher degree of variability in the value of their investment along the way. The fund invests principally in growth-based investments such as shares and listed property with a very limited exposure to cash fixed interest and other assets. Currency hedging benchmarks: International Equities 50%; International Bonds 100%; International property 100%. The exposure to all asset classes is actively managed by ING (NZ) Limited.

The NZF SuperKiwi Balanced Diversified fund invests in a mix of income (bonds and bank deposits) and growth assets (listed company shares and property).

The NZF SuperKiwi Conservative Diversified fund invests in a mix of income (bonds and bank deposits) and growth assets (listed company shares and property).

The NZF SuperKiwi Growth Diversified fund is part of the Huljich KiwiSaver Scheme and invests in a mix of assets but predominantly equities.

The National Bank KiwiSaver Cash Fund is offered under the National Bank KiwiSaver scheme, distributed through National Bank which is part of ANZ National Bank New Zealand Limited.

SIL Australasian Property Fund aims to generate competitive returns by investing in a diversified portfolio of Australasian property securities. It is designed for medium to high risk investors who have a minimum 5 year investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. This fund invests in equities (including convertible securities) cash derivatives and liquid funds. The equity exposure will be to companies investing in property which are listed on a recognised stock exchange.

SIL Australasian Share Fund aims to build the wealth of investors by investing in a portfolio of New Zealand and Australian equity securities. It is designed for high risk investors who have a 5 - 7 year investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. The majority of this fund invests in equities listed on the Australian or New Zealand Stock Exchanges. Investments may include exposure to derivatives including equity swaps and options.

SIL Balanced Fund is aimed for investors who want to grow their savings while being prepared to accept a medium degree of variability in returns over time. It is designed for medium risk investors who have a 3 - 6 year investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. The asset allocation benchmarks for this fund are: shares 42% listed property 8% fixed interest 43% and cash 7%.

SIL Balanced Growth Fund is aimed for investors who want to grow their savings while being prepared to accept a medium to high degree of variability in returns over time. It is designed for medium to high risk investors who have a 5 - 7 year investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. The asset allocation benchmarks for this fund are: shares 55% listed property 10% fixed interest 30% and cash 5%.

SIL Cash Plus Fund aims to protect the value of investments and provide competitive returns ahead of inflation. It is designed for low risk investors who have a minimum 1 year investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. This fund invests directly or indirectly in cash treasury bills bank bills promissory notes floating rate notes corporate bonds preference shares and fully price-hedged listed equities. Investments may include exposure to derivative instruments.

SIL Conservative Fund is aimed for investors whose focus is on the security of their savings over time and who want a high degree of stability in their investment return. It is designed for low risk investors who have a 2 year (or less) investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. If a member is allocated to the SIL KiwiSaver Scheme because it is the employer's preferred scheme and they have not actively chosen a different fund member contributions will be allocated to this fund. The asset allocation benchmarks for this fund are: shares 17% listed property 3% fixed interest 70% and cash 10%.

SIL Conservative Balanced Fund is aimed for investors whose focus is on the security of their savings over time but who also want a small degree of capital growth. It is designed for low to medium risk investors who have a 2 - 5 year investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. The asset allocation benchmarks for this fund are: shares 30% listed property 5% fixed interest 56% and cash 9%.

SIL Growth Fund is aimed for investors who want to maximise capital growth and who are comfortable with a higher degree of variability in their investment returns along the way. It is designed for medium to high risk investors who have a 7year plus investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. The asset allocation benchmarks for this fund are: shares 68% listed property 12% fixed interest 16% and cash 4%.

SIL International Fixed Interest Fund aims to generate steady returns that preserve investment values. It is designed for low to medium risk investors who have a 3 year investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. This fund invests in a portfolio of actively managed international fixed interest securities as well as fully price-hedged listed equities cash and derivatives.

SIL International Property Fund aims to generate competitive returns by investing in a diversified portfolio of international property securities. It is designed for medium to high risk investors who have a minimum 5 year investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. This fund invests in equities (including convertible securities) cash derivatives and liquid funds. The equity exposures will be to companies investing in property which are listed on a recognised stock exchange.

SIL International Share Fund aims to generate capital growth and competitive returns by investing directly or indirectly in securities issued by entities listed on stock exchanges around the world. It is designed for high risk investors who have a minimum 5 - 7 year investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. This fund which is managed by a combination of international managers provides exposure to companies listed on American UK European Japanese and emerging country sharemarkets.

SIL NZ Fixed Interest Fund aims to generate steady returns that preserve investment values. It is designed for low to medium risk investors who have a minimum 3 year investment horizon. The fund is one of the twelve funds in the SIL KiwiSaver Scheme established under the same trust deed as SIL Mutual Fund. This fund invests in a portfolio of actively managed NZ fixed interest securities as well as fully price-hedged listed equities cash and derivatives

The SIL KiwiSaver Sustainable Growth fund invests primarily into a diversified portfolio of equities and / or transferable securities that meet a range of environmental, social (such as respect for human rights) and corporate governance criteria. In order to invest funds in the most efficient manner for investors, ING may hold cash until there is a suffiient amount to invest. Investments may include exposure to cash and derivatives.

The Smartkiwi Balanced fund aims to provide investors with medium to long term capital growth through an exposure to a diversified investment portfolio consisting of a mix between fixed interest and equity investments (using a passive investment approach in relation to the equity investments).

The Smartkiwi Conservative Fund aims to provide investors with medium to long term capital growth with low volatility through exposure to a diversified investment portfolio consisiting of a mix between fixed interest and equity investments (using a passive investment approach in relation to the equity investments).

The Smartkiwi Growth fund aims to provide investors with capital growth over the long term through an exposure to growth assets using a passive approach.

TOWER Balanced Fund aims to obtain a return which exceeds the CPI by 6% p.a. before tax and fees on a rolling five-year basis. The investment strategy is to invest in a range of New Zealand and international equities and bonds as well as cash and property. The Investment Manager uses a multi-manager approach utilising specialist managers around the world. Currency exposure may be reduced by partly hedging the fund. A KiwiSaver member in this Fund would have a 5 year plus investment horizon.

TOWER Growth Fund aims to obtain a return which exceeds the CPI by 8% p.a. before tax and fees on a rolling 5-year basis. The investment strategy is to invest in a range of NZ and international equities and bonds as well as cash and property. The Investment Manager uses a multi-manager approach utilising specialist managers around the world. Currency exposure may be reduced by partly hedging the Fund. A KiwiSaver member in this Fund would have a 7 year plus investment horizon.

TOWER Conservative Fund aims to obtain a return which exceeds the CPI by 4% p.a. before tax and fees on a rolling 5-year basis. The investment strategy is to invest predominantly in income assets (cash and bonds) with a limited exposure to property and NZ and international equities. The Investment Manager uses a multi-manager approach utilising specialist managers around the world. Currency exposure may be reduced by partly hedging the Fund. A KiwiSaver member in this Fund would have a 5 year plus investment horizon.

TOWER Cash Enhanced Fund aims to achieve a return which is 0.75% p.a. above the NZX 90-Day Bank Bill Gross Return Index for an investor with an investment horizon of 5 years plus. The Fund invests predominantly in income assets (cash and bonds) with a limited exposure to property and NZ and international shares. The investment manager uses a multi-manager approach utilising specialist managers around the world. Currency exposure may be reduced by partly hedging the Fund.

TOWER Equity Fund aims to obtain a return which exceeds the MSCI World All Countries Index with dividends reinvested in NZ dollars on a rolling 3 year basis. The investment strategy is to invest in a range of international equities. The Investment Manager uses a multi-manager approach utilising specialist managers around the world. Currency exposure may be reduced by partly hedging the Fund. A KiwiSaver member in this Fund would have a 7 year plus investment horizon.

TOWER Preservation Fund aims to obtain a return comparable with the return from the NZX 90-Day Bank Bill Gross Return Index on a rolling 12-month basis. The investment strategy is to invest in cash and short term NZ securities such as 90 day bank bills with a total duration not exceeding 12 months. A KiwiSaver member in this Fund would have a 1-year plus investment horizon.

The Westpac KiwiSaver Balanced Fund is for members who want medium potential returns for medium risks. This fund aims to balance income and growth assets and may invest in alternative investments.

The Westpac KiwiSaver Cash Fund is for members who want stable, low volatility returns, the fund invests in bonds and cash assets.

The Westpac KiwiSaver Conservative Fund is for members who want lower levels of risk, the fund invests in a higher proprtion of income assets than the other funds (except the Cash fund). Returns will vary but are likely to be more stable than the others.

The Westpac KiwiSaver Growth Fund is for members who want higher potential returns.