ASB KiwiSaver Scheme - Fund performance

The results are in

We're ranked first for 12 month returns in the Moderate and Conservative fund categories, and second in Growth. Every one of our diversified funds are in the top quartile of their categories, outperforming at least 75% of similar funds for 12 month returns (Morningstar, 30 September 2025)*.

"ASB had a strong quarter with three of its funds at the top of their category and the other two multi-asset funds in the top five performers. Other than ASB, no provider consistently has funds at the top of the category."

Morningstar, September 2025

Fund returns

The tables below show the ASB KiwiSaver Scheme returns to investors as at 30 November 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	0.14%	0.50%	1.09%	2.50%	3.40%	2.34%	1.82%	2.18%
Conservative Fund	-0.19%	2.30%	4.98%	6.23%	6.17%	2.64%	3.46%	3.62%
Moderate Fund	-0.34%	3.18%	6.92%	7.85%	7.94%	3.93%	4.65%	4.27%
Balanced Fund	-0.52%	4.24%	9.35%	9.69%	10.28%	5.91%	6.44%	5.18%
Growth Fund	-0.67%	5.38%	11.81%	11.68%	12.24%	7.73%	7.88%	5.80%
Aggressive Fund	-0.74%	6.37%	13.80%	13.40%				17.88%

	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	0.19%	0.69%	1.52%	3.48%	4.75%	3.26%	2.53%	3.07%
Conservative Fund	-0.21%	2.64%	5.75%	7.64%	7.54%	3.07%	4.21%	4.74%
Moderate Fund	-0.36%	3.48%	7.60%	9.17%	9.23%	4.42%	5.45%	5.43%
Balanced Fund	-0.51%	4.49%	9.88%	10.89%	11.50%	6.54%	7.34%	6.39%
Growth Fund	-0.62%	5.59%	12.21%	12.76%	13.40%	8.50%	8.87%	7.04%
Aggressive Fund	-0.65%	6.53%	14.09%	14.39%				19.02%

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

November Wrap Up - Time to be picky

Volatility rose in November as the long-running "everything rally" lost momentum, revealing clear winners and losers. As markets become more nuanced heading into 2026, three priorities stand out: AI's impact on the macro economy, the effect of rising leverage on the investment boom, and the need for a granular approach to building truly diversified portfolios. Read more in the November Wrap Up.

*Based on Morningstar KiwiSaver Survey (30 September 2025). Past performance does not guarantee or indicate future performance; returns may vary over a fund’s minimum investment timeframe and longer. Fees for each ASB KiwiSaver Scheme fund are at least 33% lower than industry average (Sorted Smart Investor, 6 November 2025, based on a $30k balance).

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).

KiwiSaver Returns

The results are in

Fund returns

Returns after tax and after fees

Returns before tax and after fees

Market update

KiwiSaver Returns

The results are in

Fund returns

Returns after tax and after fees

Returns before tax and after fees

Market update

Join or transfer to the ASB KiwiSaver Scheme now