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Monthly returns

We report regularly on the returns, after fees and taxes, of each of our investment funds. Returns are what we get back when we invest. They can go up and down over time, reflecting both the changes in value of the assets within the investment funds, and the ups and downs of the overall market.

Here you can see how much each investment fund has gained or lost over the last month. Every month, we report the returns, after fees and tax at the top PIR (28%) of each of our investment funds.

You can also compare how each of our investment funds have tracked against a benchmark since their inception.

When choosing where to invest your KiwiSaver money, it makes sense to look at how different investment funds have performed over time. However, it’s important to remember that past performance is no indication of future performance.

Investment fund performance to 31st January 2017

This table reports the returns, after fees and tax at the top PIR (currently 28%), for each Kiwi Wealth KiwiSaver Scheme investment fund.

  1 month 3 months 12 months 2 years (p.a.) 3 years (p.a.) 5 years (p.a.) Since inception (p.a.)
Cash 0.16% 0.47% 1.97% 2.25% 2.40% 2.48%
CashPlus 0.15% 0.07% 1.98% 2.29% 2.62% 2.61%
Conservative -0.10% 0.26% 1.68% 2.22% 3.90% 4.52% 3.86%
Default 0.08% 0.90% 3.68% 3.08% 3.62%
Balanced -0.16% 2.53% 3.45% 2.73% 6.08% 7.86% 4.35%
Growth -0.29% 4.69% 4.84% 3.00% 7.96% 10.97% 4.24%

The since inception return is the return, after fees and the top PIR tax rate, since the start date of the investment fund. For the Conservative, Balanced and Growth investment funds the start date was 1 October 2007. For the Cash and CashPlus investment funds, it's 12 September 2012, and for the Default investment fund it's 1 July 2014.

The monthly returns in the table above, and shown in the graph below, are prepared using the same methodology which is used to calculate the performance data in the fund updates. This information is not audited and may be updated.

Investment fund performance against benchmark

This graph compares each investment fund's return to a relevant benchmark, after fees and tax at the top PIR. A benchmark is a standard against which the performance of your investments can be measured and is a useful tool for investors to judge whether or not their investment manager is adding value. Find out more information about our benchmarks.

The actual asset allocation of each investment fund may at times differ to the asset allocation for the relevant benchmark because we have an active investment management style. You can find the actual asset allocation for each investment fund in our fund updates.

  • Past performance is no indicator of future performance. In other words the best performing KiwiSaver scheme this year may not be the best performing KiwiSaver scheme next year.
  • The value of your investment (including returns) can also decrease as well as increase.
  • No one guarantees the return of capital or income from the Kiwi Wealth KiwiSaver Scheme or any Kiwi Wealth KiwiSaver Scheme investment fund.