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Monthly returns

Investment portfolio performance to 30 June 2014

On 1 April 2014 the Gareth Morgan KiwiSaver Scheme changed its name to the Kiwi Wealth KiwiSaver Scheme. This table reports the returns, after fees and tax at the top PIR (currently 28%), for each Kiwi Wealth KiwiSaver Scheme investment portfolio.

  1 month 3 months 12 months 2 years
3 years (p.a.) 5 years (p.a.) Since inception (p.a.)
Cash 0.21% 0.63% 2.49% n/a n/a n/a 2.59%
CashPlus 0.14% 0.74% 2.41% 2.68% n/a n/a 2.60%
Conservative -0.06% 1.25% 4.47% 5.49% 4.80% 4.54% 3.86%
Balanced 0.11% 1.83% 9.36% 11.55% 7.99% 6.34% 3.80%
Growth 0.17% 2.38% 14.10% 17.64% 10.94% 7.31% 3.05%

The since inception return is the return after fees and the top PIR tax rate since the start date of the investment portfolio on 1 October 2007 (the start date for the Cash investment portfolio is 12 September 2012 and the CashPlus investment portfolio is 1 June 2012).

Periodic disclosure
The KiwiSaver (Periodic Disclosure) Regulations 2013 require all KiwiSaver providers to report their returns in a standard format, in annual and quarterly disclosure statements. The monthly returns in the table above and the returns in the graph below are prepared under the same methodology used to calculate the performance data in these disclosure statements. This information is not audited and may be updated.

GIPS performance
We continue to be the only KiwiSaver provider to also present returns compliant with GIPS (Global Investment Performance Standards). The GIPS compliant returns use a different methodology and may produce different results to the returns shown here. This means that GIPS returns are not directly comparable with returns in the disclosure statements produced under the Regulations by us or any other KiwiSaver scheme provider.

Investment portfolio performance against benchmark

This graph compares each investment portfolio's return to a relevant benchmark, after fees and tax at the top PIR. A benchmark is a standard against which the performance of your investments can be measured and is a useful tool for investors to judge whether or not their investment manager is adding value. Find out more information about our benchmarks.

The actual asset allocation of each investment portfolio may at times differ to the asset allocation for the relevant benchmark because we have an active investment management style. You can find the actual asset allocation for each investment portfolio in our periodic disclosure statements.

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Portfolio Start date End date
An interactive graph, which shows the returns for the Kiwi Wealth KiwiSaver Scheme against market benchmark returns. Returns are shown after all taxes, fees, charges and costs for the Conservative, Balanced and Growth portfolios.
Members: 89,694 (as at 30 Jun 14)
  • Past performance is no indicator of future performance. In other words the best performing KiwiSaver scheme this year may not be the best performing KiwiSaver scheme next year.
  • The value of your investment (including returns) can also decrease as well as increase.
  • No one guarantees the return of capital or income from the Kiwi Wealth KiwiSaver Scheme or any Kiwi Wealth KiwiSaver Scheme investment portfolio.
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