Assuming the highest Prescribed Investor Rate (PIR). The returns are calculated on the assumption that all foreign tax credits are fully utilised by the investor.
ASB KiwiSaver Scheme Returns to Investors
Fund returns
The tables below show the ASB KiwiSaver Scheme returns to investors as at 31 August 2024. Click to expand.
Returns after tax and after fees
1 month | 3 months | 6 months | 1 year | 3 years (p.a.) | 5 years (p.a.) | 10 years (p.a.) | Since Inception (p.a.) | |
|---|---|---|---|---|---|---|---|---|
NZ Cash Fund | 0.33% | 1.01% | 2.02% | 4.07% | 2.73% | 1.80% | 1.79% | 2.14% |
Conservative Fund | 0.22% | 2.93% | 4.05% | 7.42% | 1.18% | 1.84% | 3.24% | 3.39% |
Moderate Fund | 0.02% | 3.43% | 4.73% | 8.89% | 1.72% | 2.80% | 4.37% | 3.94% |
Balanced Fund | -0.22% | 4.15% | 5.71% | 10.99% | 2.69% | 4.68% | 6.06% | 4.73% |
Growth Fund | -0.49% | 4.56% | 6.34% | 12.40% | 3.30% | 5.90% | 7.33% | 5.21% |
Aggressive Fund | -0.67% | 5.00% | 7.07% | 15.52% | ||||
Positive Impact Fund | 1.03% | 5.02% | 5.03% | 8.51% | -2.48% | 2.86% | 2.47% |
Returns before tax and after fees
1 month | 3 months | 6 months | 1 year | 3 years (p.a.) | 5 years (p.a.) | 10 years (p.a.) | Since Inception (p.a.) | |
|---|---|---|---|---|---|---|---|---|
NZ Cash Fund | 0.46% | 1.41% | 2.82% | 5.70% | 3.81% | 2.51% | 2.50% | 3.02% |
Conservative Fund | 0.48% | 3.71% | 5.20% | 9.45% | 1.42% | 2.16% | 4.00% | 4.50% |
Moderate Fund | 0.32% | 4.14% | 5.84% | 10.90% | 2.08% | 3.24% | 5.20% | 5.10% |
Balanced Fund | 0.13% | 4.75% | 6.74% | 12.95% | 3.21% | 5.35% | 7.01% | 5.96% |
Growth Fund | -0.09% | 5.03% | 7.28% | 14.30% | 4.03% | 6.80% | 8.39% | 6.48% |
Aggressive Fund | -0.22% | 5.40% | 7.98% | 16.87% | ||||
Positive Impact Fund | 1.19% | 5.60% | 5.82% | 10.08% | -2.37% | 3.30% | 2.91% |
Returns are a reflection of past performance and are not a guarantee or indication of future performance because returns fluctuate (move up and down). Returns can be negative and you may receive back less than the total amount of your contributions.
Market update
August Wrap Up - Volatility? What volatility?
August was an incredible month for markets. Shares plunged, volatility spiked, shares rose again, and volatility plummeted. Central banks cut interest rates and pointed to further rate cuts. It was all on. When the dust settled US shares ended the month up 3.4% (as measured by the S&P 500 in USD terms), New Zealand shares up 0.3% (NZX50). Interest rates fell, delivering gains for conservative investors. The only dark cloud for kiwi investors was a strong New Zealand dollar blunting the gains on international shares when translated into NZ dollar terms.
We talked last month about being at a turning point in market sentiment. Our response to that is to broaden portfolio exposure pivoting toward assets that have struggled over the last couple of years and that have attractive characteristics. Listed infrastructure ticks both of those boxes. We are adding an exposure to our core, diversified funds within the ASB KiwiSaver Scheme and ASB Investment Funds. Read more in the August wrap up.
- Contributions were first invested into the funds on 2 October 2007 (except for the Positive Impact Fund and Aggressive Fund). Contributions were first invested into the Positive Impact Fund on 26 July 2019 and into the Aggressive Fund on 22 November 2023.
- The returns are calculated on the change in unit price of the units in each fund for the period, adjusted for tax credits, and are the returns on funds invested at the beginning of the period, with no subsequent contributions or withdrawals. Returns for periods greater than 1 year are annualised. Returns for periods less than 1 year are not annualised.
- Since 7 September 2012, the cash portion of each fund has been managed using an active investment management style. The returns in previous periods reflect an index tracking investment management style for cash.
- Prior to 1 April 2011, the management fee was calculated and incorporated into the unit price daily, and deducted from the relevant fund monthly. From 1 April 2011, the management fee has not been incorporated into the unit price or deducted from the fund, but deducted from members accounts monthly. In order to display returns pre and post 1 April 2011 on a comparable basis, the management fee has been factored back in to the returns for the periods from 1 April 2011.
- A monthly administration fee of $2.50 applied until 28 September 2021 and is excluded from the calculation of the returns disclosed.
Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.disclose-register.companiesoffice.govt.nz/ (search for ASB KiwiSaver Scheme).
