What is Quarterly Fund Update (QFU)?
The Quarterly Fund Update is a standardised one-page summary published each quarter for every KiwiSaver scheme fund.
Detailed Explanation
Required by the FMA. The QFU shows past returns (1-year, 5-year annualised, since-fund-start), fees in dollars and percent, top 10 holdings, asset mix, and the risk indicator. The standardised format makes side-by-side comparison straightforward.
Example
Illustrative example — A QFU might show: 5-year annualised return 7.4%, total fees 0.95% and NZ$30/year, risk indicator 5, top holdings dominated by global equity ETFs.
Frequently Asked Questions
Where do I find the QFU?
On the provider's website and on the FMA Disclose register.
Related Terms
Compare every fund on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
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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.
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