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ASB KiwiSaver Scheme Returns to Investors

Strong returns and low fees. It adds up.

When it comes to your KiwiSaver investment, the numbers matter. All our diversified funds have delivered top quartile 12 month returns in their categories, as at 31 March 2025. Combine that with fees below the industry average - and no performance fee - and it all adds up.

What's a quartile? It's a way to compare fund performance between providers. A top quartile fund has investment returns in the top 25% of funds in the same category.

Based on Morningstar KiwiSaver survey for their categories, as at 31 March 2025. Past performance is not a guarantee or indication of future performance. For more information on ASB KiwiSaver Scheme fund performance visit our returns page. Fees for each fund in the ASB KiwiSaver Scheme are at least 29% lower than the Industry average fee based on Sorted Smart Investor at 15 May 2025 with a KiwiSaver balance of $30,000.

Fund returns

The tables below show the ASB KiwiSaver Scheme returns to investors as at 30 June 2025. Click to expand.

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

0.20%
0.61%
1.32%
3.24%
3.40%
2.18%
1.82%
2.18%
Conservative Fund

0.83%
1.73%
1.90%
6.23%
4.97%
2.33%
3.18%
3.47%
Moderate Fund

1.17%
2.47%
1.77%
7.45%
6.58%
3.67%
4.23%
4.05%
Balanced Fund

1.59%
3.51%
1.46%
9.05%
8.64%
5.71%
5.81%
4.87%
Growth Fund

2.01%
4.44%
1.23%
10.52%
10.34%
7.50%
7.02%
5.39%
Aggressive Fund

2.31%
5.11%
1.07%
11.67%
15.16%

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

0.27%
0.84%
1.84%
4.52%
4.76%
3.04%
2.54%
3.07%
Conservative Fund

1.01%
2.19%
2.79%
7.84%
6.09%
2.71%
3.92%
4.58%
Moderate Fund

1.35%
3.01%
2.70%
8.95%
7.71%
4.15%
5.04%
5.20%
Balanced Fund

1.77%
4.12%
2.47%
10.43%
9.81%
6.41%
6.74%
6.09%
Growth Fund

2.19%
5.12%
2.32%
11.79%
11.55%
8.42%
8.05%
6.65%
Aggressive Fund

2.49%
5.89%
2.22%
12.87%
16.52%

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.

The Positive Impact Fund was wound up on 15 January 2025.

Market update

June Wrap Up - A rebound in shares. What does that mean from here?

Markets fell sharply amid global turmoil but quickly rebounded, with the S&P 500 seeing its fastest ever recovery from a near 20% drop since its peak in late February. This unpredictability highlights the need to focus less on short-term swings and more on long-term fundamentals and strategic, targeted investing. Read more in the June Wrap Up.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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).

ASB KiwiSaver Scheme Document Library ASB KiwiSaver Scheme - Fund performance | ASB