The ASB KiwiSaver Scheme ranked first for 3-year returns in Conservative and Moderate fund categories (Morningstar, March 2026). Plus, our fees are at least 33% below the industry average, and we don't charge administration or performance fees, so more of your money stays invested.*
What's a performance fee? Some providers charge an extra fee when your fund performs well. We don't. We believe top returns should benefit you, not cost you more.
#1 KiwiSaver returns
Fund returns
The tables below show the ASB KiwiSaver Scheme returns to investors as at 30 April 2026. Click to expand.
Returns after tax and after fees
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.
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 | 0.14% | 0.40% | 0.82% | 1.98% | 3.17% | 2.47% | 1.80% | 2.17% |
Conservative Fund | 1.43% | 0.98% | 0.76% | 6.83% | 5.75% | 2.78% | 3.38% | 3.59% |
Moderate Fund | 2.32% | 1.35% | 0.79% | 9.82% | 7.45% | 3.82% | 4.59% | 4.24% |
Balanced Fund | 3.44% | 1.64% | 0.75% | 13.69% | 9.66% | 5.36% | 6.47% | 5.13% |
Growth Fund | 4.62% | 2.12% | 0.91% | 17.76% | 11.58% | 6.74% | 7.97% | 5.76% |
Aggressive Fund | 5.77% | 2.69% | 1.15% | 21.10% | 15.52% |
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 | 0.20% | 0.56% | 1.14% | 2.77% | 4.44% | 3.44% | 2.51% | 3.05% |
Conservative Fund | 1.57% | 0.97% | 0.89% | 7.75% | 6.95% | 3.29% | 4.06% | 4.69% |
Moderate Fund | 2.49% | 1.30% | 0.96% | 10.71% | 8.60% | 4.38% | 5.32% | 5.38% |
Balanced Fund | 3.63% | 1.57% | 1.02% | 14.57% | 10.78% | 6.03% | 7.31% | 6.33% |
Growth Fund | 4.84% | 2.03% | 1.31% | 18.68% | 12.68% | 7.52% | 8.91% | 6.99% |
Aggressive Fund | 6.04% | 2.57% | 1.69% | 22.09% | 16.66% |
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.
Awarded KiwiSaver Fund Manager of the Year
ASB was awarded KiwiSaver Fund Manager of the Year at the 2026 Morningstar Awards for Investing Excellence**.
This recognition reflects our disciplined long-term approach and strong outcomes for nearly half a million ASB KiwiSaver Scheme members.
When we win, our customers win too.
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*Past performance does not guarantee or indicate future performance. Returns may vary over a fund's minimum investment timeframe and longer. Morningstar KiwiSaver Survey (31 March 2026). Morningstar ranked the ASB fund 1st out of 22 funds in the Morningstar KiwiSaver Survey March Quarter 2026 within the Multisector Moderate category for the 3 years to 31 March 2026. Morningstar ranked the ASB fund 1st out of 18 funds in the Morningstar KiwiSaver Survey March Quarter 2026 within the Multisector Conservative category for the 3 years to 31 March 2026. Fees for each ASB KiwiSaver Scheme fund are at least 33% lower than the industry average (Sorted Smart Investor, 6 November 2025, based on a $30,000 balance).
© 2026 Morningstar All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its affiliates or content providers; (2) may not be copied, adapted or distributed; (3) is not warranted to be accurate, complete or timely; and (4) does not constitute advice of any kind, whether investment, tax, legal or otherwise and 5) has been prepared for New Zealand wholesale clients of Morningstar Research Ltd, subsidiary of Morningstar, Inc and is not intended for New Zealand retail clients. Neither Morningstar nor its content providers are responsible for any damages arising from the use and distribution of this information. Past performance is no guarantee of future results.
**Morningstar Awards 2026 © Morningstar, Inc. All Rights Reserved. ASB is awarded Fund Manager of the Year, KiwiSaver category, New Zealand.
Important notes on fund return tables
- Contributions were first invested into the funds on 2 October 2007 (except for the Aggressive Fund). Contributions were first invested 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.
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).