QUAYSTREET KIWISAVER SCHEME
Quaystreet Income Fund
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
- View holdings changes →HoldingsMATERIALMar 2026Top-10 turnover: 2 new, 2 droppedQuarter-on-quarter (Dec 2025 → Mar 2026)
About this defensive fund
The Quaystreet Income Fund is a defensive KiwiSaver scheme fund offered by Smartshares within the Quaystreet KiwiSaver Scheme. The fund allocates 93% to income assets and 7% to growth assets, positioning it toward capital preservation and regular income generation rather than capital growth. This allocation reflects a conservative approach within Smartshares' fund lineup.
The fund returned an average of 3.06% annually over the five-year period to 31 March 2026. The annual fee is 0.87%, which is higher than the peer-median fee of 0.61% for defensive funds in the same cohort. Past performance is not a reliable indicator of future returns.
A risk indicator of 3 out of 7 on the FMA scale places this fund in the lower-risk category, typically considered appropriate for members with lower risk tolerance or those nearing retirement who prioritise capital stability over growth potential. The fund currently holds $0.8 million in assets across 34 members.
Holdings
As of 2026-03-31 Quaystreet Income Fund reports an asset mix of 7% growth assets (shares, listed property, alternatives) and 93% income assets (cash, bonds, fixed interest). This split is typical for a defensive fund. The full asset-mix breakdown including overseas vs domestic and listed vs unlisted exposure appears in the asset-allocation chart below.
Performance
Quaystreet Income Fund has 34 quarters of QFU data on file (2017-09-30 to 2026-03-31). The 5-year average annual return reported in the most recent QFU is 1.78%. Past performance is not a reliable indicator of future returns.
Fees
At 0.87% in annual charges, Quaystreet Income Fund's fee sits 0.26 percentage points above the median for Defensive KiwiSaver scheme funds in our coverage (median 0.61%). 46 of the 49 funds in this cohort charge a lower annual fee (this fund ranks 47 cheapest of 49). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
Quaystreet Income Fund carries a risk indicator of 3/7 on the FMA risk scale. Risk indicator 3-4 funds are typically considered for members with a medium investment horizon (3-10 years) or those balancing growth potential against shorter-term volatility. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Returns
1.78%
Five Year Average Return
Returns (green) show the fund’s growth over the five years to 31 March 2026, after fees and taxes. Compare these results with the average Defensive KiwiSaver scheme fund (light green).
1.78% for this fund — category median 1.46% across 43 Defensive KiwiSaver scheme funds at 31 March 2026. This fund ranks 21 of 43 (53rd percentile) by five-year after-fee return.
Past performance is not an indicator of future performance.
Fees
0.87%
One Year Average Fees
Fees shown here (blue) represent what you would pay over a year if you had $30,000 invested in this fund. Compare them with the average fees for Defensive KiwiSaver scheme funds (light blue).
Asset Mix
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 31 March 2026. The average mix fordefensive KiwiSaver scheme funds is shown in light blue.
Key Takeaways
Here’s the provider’s overview of the managed fund:
“ The QuayStreet Income Fund will invest in a diversified portfolio with an emphasis on income producing assets such as New Zealand and International fixed interest investments and derivatives. The fund may include an allocation to growth assets. The investment objective is to provide a level of return above the fund's benchmark over the long term. The fund aims to make quarterly distributions. ”
When can I get my money out?
This is a fund within a KiwiSaver scheme, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
Asset mix
This fund's asset mix
Average for Defensive funds
Your investment mix shapes your outcome
The balance of assets you choose — your asset allocation, has the biggest impact on how your investments perform and how much their value may rise or fall along the way. Selecting that balance is crucial. By adjusting the proportion of growth-oriented investments you include, you’re effectively setting your preferred level of risk. Generally, taking on more risk can increase the potential for higher returns, but there’s never a guarantee — that’s the nature of risk. To find an allocation suited to your personal circumstances (sometimes called your risk profile), you can start with an investor risk questionnaire or a KiwiSaver-specific guide.
Top 10 investments
These assets make up 28.19% of this fund.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | NZD Cash Account (ANZ Bank) | 4.69 | |||
| NZ Government Bond 15/05/30 | 4.50 | ||||
| NZ Government Bond 15/05/35 | 4.50 | ||||
| NZ Government Bond 15/05/36 | 4.25 | ||||
| NZ Government Bond 14/04/33 | 3.50 | ||||
| NZ Government Bond 20/04/29 | 3.0 | ||||
| NZ Government Bond 15/05/32 | 2.00 | ||||
| NZ Government Bond 15/05/31 | 1.50 | ||||
| NZ Government Bond 15/05/28 | 0.25 | ||||
| US Treasury Note 31/03/26 | 0.00 |
Top-10 holdings changes
31 Dec 2025 → 31 Mar 2026
- NZ Government Bond 15/05/322.00%
- US Treasury Note 31/03/260.00%
The top 10 investments make upwas 41.92%
UCITS ETF NZD HEDGEDwas 13.66%
None this quarter.
NZD Cash Account (ANZ Bank)13.62% → 4.69% (-8.93 pp)
Fees
0.87%
This Fund
0.55%
Average Defensive Kiwisaver funds
The blue segment shows the annual fees you’d pay if you invested $30,000 in this fund. The grey segment represents the typical yearly fees for an average Defensive KiwiSaver scheme fund, so you can compare them directly.
Smaller Fees, Bigger Potential
When it comes to investing, spending more doesn’t automatically lead to stronger results. In fact, higher fund fees can often eat into your returns. Remember, what you keep is calculated after fees and taxes are deducted. Because no one can predict how any fund will perform, it’s generally wise to look for options with lower costs whenever you can.
Fees breakdown
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| total Total fund charges | 0.56% | — |
| administration Administration fee | — | 30 |
Returns
1.78%
This Fund
1.35%
Average Defensive Kiwisaver funds
Over the past five years, this fund delivered the average annual return shown here (in green) to investors, after fees and taxes (28% PIR) were applied. For comparison, the average return over the same period for all Defensive KiwiSaver scheme funds is shown in grey.
Returns: Reflecting the Past
Investing is about seeking returns, but the figures shown here represent historical performance—they cannot be relied upon to continue in the future. Selecting a fund solely based on past performance is not advisable. A well-informed decision should consider factors such as an appropriate investment mix for your goals and reasonable fees.
Risks
Risk indicator
This indicator reflects how much the investment’s value has fluctuated over time. It is calculated from the fund’s five-year performance, or from a comparable market index if the fund has a shorter history.
Additional details
Manager information
| Name | CIP INVESTMENT MANAGEMENT LIMITED |
| Type | NZ Limited Company |
| Website | |
| NZBN | 9429033184531 |
| FSP Number | FSP40150 |
Fund information
| Asset liquidity ratio | 100.00% |
| Total value of fund | $761122.91 |
| Debt ratio | 0.06% |
Fee + return history
View detailed history →Quarterly fees and after-tax returns recorded against this fund since inception. Sourced from FMA Disclose Quarterly Fund Updates. The detailed view shows the full chart + per-quarter data table.
PDS changes
View detailed PDS history →Material changes to the Product Disclosure Statement over time — fee adjustments, asset-allocation shifts, scheme-rule amendments. Diff against the previous PDS shown side-by-side in the detailed view.
Holdings changes
View detailed holdings diff →Top-10-holdings additions, removals, and weight changes across quarters. Shows the manager's actual portfolio decisions over time, sourced from the fund's Quarterly Fund Update.
SIPO changes
View detailed SIPO history →Statement of Investment Policy and Objectives revisions — investment objective rewrites, asset-class target shifts, ESG policy changes, derivatives policy changes. The detailed view diffs against prior SIPO versions.
AI · API · Markdown
Machine-readable surfaceEvery fund page on FundCompare ships with structured JSON and a plain-markdown summary alongside the HTML — so LLMs, MCP clients, and analysts can cite the same regulator-sourced data the page renders. Source documents come from FMA Disclose, IRD, and Sorted Fund Finder.
Identifiers
- FMA fund code
- FND827
- FSP number
- FSP40150
- NZBN
- 9429033184531
- Provider
- Smartshares
- Scheme
- QUAYSTREET KIWISAVER SCHEME
Endpoints for Quaystreet Income Fund
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data = requests.get("https://fundcompare.co.nz/api/fund/Smartshares/quaystreet-income-fund/facts.json").json()
print(data["fund_name" if "fund" == "fund" else "name"])MCP (Claude Desktop / ChatGPT)
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"command": "npx", "args": ["-y", "mcp-remote", "https://fundcompare.co.nz/mcp"]
} } }
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The information provided on this website is not a recommendation to buy, sell, or hold any financial products. Nothing on this website constitutes financial advice for the purposes of the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider.
Investing involves risk. The value of your investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
Before making any investment decision, you should read the Product Disclosure Statement (PDS) for the fund carefully. If you have questions or are unclear about the implications of your investment decision, you should seek advice from a licensed Financial Advice Provider.
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