Recognised at the 2026 Morningstar Awards for Investing Excellence for our disciplined long-term approach and strong outcomes for nearly half a million ASB KiwiSaver Scheme members.
When we win, our customers win too.
You'll find us at the top.
Top returns help your balance grow. Low fees help you keep more of it.
The ASB KiwiSaver Scheme ranked first for 12 month returns in Conservative and Moderate fund categories (Morningstar, December 2025). Plus, our fees are at least 33% below the industry average, and we don't charge administration or performance fees.*
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.
Fund returns
The tables below show the ASB KiwiSaver Scheme returns to investors as at 31 January 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 | 0.13% | 0.41% | 0.97% | 2.25% | 3.31% | 2.39% | 1.81% | 2.17% |
Conservative Fund | -0.04% | -0.22% | 3.20% | 5.52% | 5.85% | 2.59% | 3.49% | 3.58% |
Moderate Fund | -0.28% | -0.55% | 4.13% | 6.62% | 7.51% | 3.72% | 4.74% | 4.22% |
Balanced Fund | -0.59% | -0.88% | 5.30% | 7.83% | 9.79% | 5.56% | 6.65% | 5.11% |
Growth Fund | -0.88% | -1.18% | 6.51% | 9.12% | 11.62% | 7.26% | 8.18% | 5.71% |
Aggressive Fund | -1.22% | -1.50% | 7.38% | 10.08% | 15.98% |
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 | 0.19% | 0.58% | 1.35% | 3.13% | 4.63% | 3.34% | 2.52% | 3.06% |
Conservative Fund | 0.12% | -0.08% | 3.92% | 7.06% | 7.17% | 3.07% | 4.23% | 4.70% |
Moderate Fund | -0.05% | -0.34% | 4.85% | 8.19% | 8.77% | 4.27% | 5.54% | 5.38% |
Balanced Fund | -0.28% | -0.54% | 6.03% | 9.43% | 11.00% | 6.25% | 7.56% | 6.33% |
Growth Fund | -0.47% | -0.70% | 7.26% | 10.77% | 12.80% | 8.09% | 9.20% | 6.97% |
Aggressive Fund | -0.73% | -0.86% | 8.17% | 11.81% | 17.31% |
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.
Fund Manager of the Year, KiwiSaver
Market update
January Wrap Up: Chaos - avoiding the noise and finding meaning
Markets have started 2026 against a backdrop of geopolitical noise and rapid change. We look beyond the headlines to the long‑term forces shaping the global economy, and the company earnings that continue to underpin markets. Read more in the January wrap up.
Morningstar Awards 2026 © Morningstar, Inc. All Rights Reserved. ASB is nominated for Overall Fund Manager of the Year and Fund Manager of the Year, KiwiSaver category, New Zealand.
*Based on Morningstar KiwiSaver Survey (31 December 2025). Returns shown are after fees and before tax. 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).
Morningstar Awards 2026 © Morningstar, Inc. All Rights Reserved. ASB is awarded Fund Manager of the Year, KiwiSaver category, New Zealand.