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 30 November 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 | 0.26% | 0.90% | 1.92% | 3.96% | 3.02% | 1.94% | 1.82% | 2.16% |
Conservative Fund | 1.13% | 2.10% | 5.10% | 9.25% | 2.28% | 2.12% | 3.32% | 3.47% |
Moderate Fund | 1.58% | 3.02% | 6.55% | 12.37% | 3.16% | 3.09% | 4.49% | 4.07% |
Balanced Fund | 2.23% | 4.32% | 8.65% | 16.54% | 4.53% | 4.96% | 6.25% | 4.92% |
Growth Fund | 2.79% | 5.55% | 10.36% | 20.11% | 5.55% | 6.20% | 7.61% | 5.47% |
Aggressive Fund | 3.21% | 6.50% | 11.83% | 23.26% | 22.42% | |||
Positive Impact Fund | 2.58% | 2.49% | 7.64% | 13.04% | -1.53% | 2.99% | 2.83% |
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 | 0.37% | 1.25% | 2.68% | 5.54% | 4.21% | 2.70% | 2.53% | 3.05% |
Conservative Fund | 1.26% | 2.27% | 6.07% | 11.08% | 2.69% | 2.47% | 4.05% | 4.57% |
Moderate Fund | 1.70% | 3.11% | 7.38% | 14.04% | 3.65% | 3.53% | 5.29% | 5.21% |
Balanced Fund | 2.32% | 4.36% | 9.31% | 18.05% | 5.13% | 5.59% | 7.16% | 6.13% |
Growth Fund | 2.86% | 5.54% | 10.84% | 21.45% | 6.31% | 7.01% | 8.62% | 6.72% |
Aggressive Fund | 3.26% | 6.43% | 12.18% | 24.46% | 23.73% | |||
Positive Impact Fund | 2.75% | 2.82% | 8.58% | 14.66% | -1.35% | 3.45% | 3.31% |
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.
Applications for units in the Positive Impact Fund will only be accepted from investors who are currently invested in the fund.
Market update
November Wrap Up - What's in Donald's sleigh?
The United States got a new government for Christmas. Markets greeted the election result with enthusiasm. The US S&P 500 share market index rose to a record high, up 5.7% for the month. It has been quite the year for shares, the S&P 500 is up 26.5% for the year to 30 November 2024. Remarkable. Will the new Trump government herald better things to come? In this note we dig into the new government's possible policy agenda and ponder what that might mean for the global economy and markets. It's complicated. Higher economic growth, more investment and higher inflation seem likely. This is a decent environment for growth assets but comes with risks. Read more in the November 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).
