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    Monthly returns

    We report regularly on the returns, after fees and taxes, of each of our investment funds (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 funds, and the ups and downs of the overall market.

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

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

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

    Investment fund performance to 31 December 2019

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

      1 Month 3 Months 12 Months 2 years (pa) 3 years (pa) 5 years (pa) 10 years (pa) Since Inception (pa)
    Growth 0.89% 3.28% 19.84% 5.36% 9.25% 6.95% 7.60% 7.43%
    Balanced 0.36% 1.71% 13.24% 4.35% 6.67% 5.19% 5.87% 5.84%
    Conservative -0.39% -0.47% 5.93% 3.05% 3.76% 3.27% 3.72% 3.74%

    The since inception return is the return for each fund after fees and tax at the top PIR since its start date. The start date for each of the Kiwi Wealth Super Scheme funds is 1 June 2009.

    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.

    Fund performance against benchmark

    This graph compares each 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 fund 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. 
    • The value of your investment (including returns) can decrease as well as increase.
    • No one guarantees the return of capital or income from the Kiwi Wealth Super Scheme or any Kiwi Wealth Super Scheme fund.