10-year track record: funds within KiwiSaver schemes
137 funds within NZ KiwiSaver schemes hold a full 10-year annual-return history in FMA filings. This page ranks them by 10-year average annual return (after fees and tax). Data refreshed Q1 2026.
General Information Only: This page provides factual data for comparison purposes and does not constitute financial advice. Individual circumstances vary.Read our disclosure
Methodology
- Metric: 10-year average annual return, computed by FundCompare as the geometric mean of 10 consecutive annual returns (each the “annual return after deductions for charges and tax” a scheme files for that year). A missing year breaks the chain — no fund gets a decade figure assembled from a gappy series.
- Source series: per-year returns from FMA-filed fund updates — the FMA consolidated dataset (years to 2022), fund-update filings on the MBIE Disclose register (2023–2025) and the latest Quarterly Fund Updates (Q1 2026).
- Universe: 137 funds within NZ KiwiSaver schemes with an unbroken 10-year series. Funds younger than 10 years, or with a gap in their filed history, are excluded rather than estimated.
- Ranking: mechanical — sort descending by 10-year average annual return. No editorial weighting, no risk adjustment, no manager skill judgement.
- Validation: the same chain method reproduces the 5-year averages schemes print in their own fund updates; chains are cross-checked against those filed figures.
- Refresh cadence: annually as each new 31-March filing wave completes, with quarterly top-ups.
Past performance is not a reliable indicator of future returns. A decade window smooths single-regime effects better than a 5-year window (this one spans the 2020 COVID drawdown, the 2021 rally, the 2022 drawdown and the recovery since), but it still describes the past, not the future.
Top 20 by 10-year average annual return
| # | Fund | Scheme | Category | 10y avg return | 5y avg return | Annual fee | Risk (1-7) |
|---|---|---|---|---|---|---|---|
| 1 | Australian Resources Fund | Smartshares | Aggressive | 15.71% | 12.74% | 0.69% | 6/7 |
| 2 | US 500 Fund | Smartshares | Aggressive | 13.85% | 14.12% | 0.64% | 5/7 |
| 3 | Sustainable International Share | ANZ | Aggressive | 12.05% | 13.87% | 0.90% | 5/7 |
| 4 | US Large Value Fund | Smartshares | Aggressive | 11.67% | 13.08% | 0.67% | 5/7 |
| 5 | Total World Fund | Smartshares | Aggressive | 11.09% | 11.14% | 0.68% | 5/7 |
| 6 | Overseas Shares Fund | Smartshares | Aggressive | 10.93% | 11.53% | 0.58% | 5/7 |
| 7 | US Mid Cap Fund | Smartshares | Aggressive | 10.50% | 9.09% | 0.67% | 5/7 |
| 8 | Geared Growth Fund | Booster | Aggressive | 10.34% | 9.37% | 1.50% | 5/7 |
| 9 | US Small Cap Fund | Smartshares | Aggressive | 10.23% | 7.59% | 0.67% | 6/7 |
| 10 | Australian Mid Cap Fund | Smartshares | Aggressive | 9.99% | 8.84% | 0.69% | 6/7 |
| 11 | Socially Responsible High Growth Fund | Booster | Aggressive | 9.43% | 8.85% | 1.35% | 5/7 |
| 12 | Australian Financials Fund | Smartshares | Aggressive | 9.42% | 14.01% | 0.69% | 6/7 |
| 13 | International Share Fund | ANZ | Aggressive | 9.38% | 9.77% | 0.96% | 5/7 |
| 14 | Overseas Shares (Currency Hedged) Fund | Smartshares | Aggressive | 9.34% | 8.62% | 0.68% | 5/7 |
| 15 | Australian Top 20 Fund | Smartshares | Aggressive | 9.14% | 10.12% | 0.69% | 5/7 |
| 16 | Shares Fund | Mercer | Aggressive | 9.13% | 7.55% | 0.96% | 5/7 |
| 17 | High Growth Fund | Booster | Aggressive | 9.12% | 8.06% | 1.28% | 4/7 |
| 18 | Milford Kiwisaver Active Growth Fund | Milford | Growth | 8.91% | 6.82% | 1.05% | 4/7 |
| 19 | Sustainable Shares Fund | Mercer | Aggressive | 8.52% | 8.69% | 0.95% | 5/7 |
| 20 | Asia Pacific Fund | Smartshares | Aggressive | 8.44% | 8.69% | 0.69% | 4/7 |
10-year and 5-year figures are average annual returns after fees and tax. Past performance is not a reliable indicator of future returns.
Growth: 10-year track record
Funds within KiwiSaver schemes classified as Growth, High Growth or Aggressive (typically 70%+ growth assets).
| # | Fund | Scheme | 10y avg return | Annual fee | Risk |
|---|---|---|---|---|---|
| 1 | Australian Resources Fund | Smartshares | 15.71% | 0.69% | 6/7 |
| 2 | US 500 Fund | Smartshares | 13.85% | 0.64% | 5/7 |
| 3 | Sustainable International Share | ANZ | 12.05% | 0.90% | 5/7 |
| 4 | US Large Value Fund | Smartshares | 11.67% | 0.67% | 5/7 |
| 5 | Total World Fund | Smartshares | 11.09% | 0.68% | 5/7 |
Balanced: 10-year track record
Funds within KiwiSaver schemes classified as Balanced (typically 50-70% growth assets).
| # | Fund | Scheme | 10y avg return | Annual fee | Risk |
|---|---|---|---|---|---|
| 1 | AE Kiwisaver Plan | Always Ethical | 8.34% | 3.33% | 7/7 |
| 2 | Quaystreet Altum Fund | Smartshares | 7.04% | 1.37% | 4/7 |
| 3 | Socially Responsible Balanced Fund | Booster | 7.00% | 1.33% | 4/7 |
| 4 | Milford Kiwisaver Balanced Fund | Milford | 6.76% | 1.05% | 4/7 |
| 5 | Balanced Fund | Fisher | 6.29% | 1.04% | 4/7 |
Conservative: 10-year track record
Funds within KiwiSaver schemes classified as Conservative, Moderate or Defensive (typically <50% growth assets).
| # | Fund | Scheme | 10y avg return | Annual fee | Risk |
|---|---|---|---|---|---|
| 1 | Conservative Fund | Fisher | 3.89% | 0.87% | 4/7 |
| 2 | Superlife Conservative Fund | Smartshares | 3.70% | 0.67% | 4/7 |
| 3 | Quaystreet Conservative Fund | Smartshares | 3.69% | 0.86% | 3/7 |
| 4 | Conservative Fund | ASB | 3.08% | 0.40% | 3/7 |
| 5 | Conservative Fund | Westpac | 3.04% | 0.40% | 3/7 |
Default: 10-year track record
KiwiSaver schemes appointed by IRD as default funds for new members not actively choosing a scheme.
No funds in this category currently hold a full 10-year return series.
Sources
- FMA Disclose register (MBIE) — publicly filed fund updates for every KiwiSaver scheme; the per-year annual returns behind this page's 10-year chains. disclose-register.companiesoffice.govt.nz
- FMA managed-fund data — the FMA's consolidated per-fund annual-return dataset (years to 2022). fma.govt.nz
- Sorted Smart Investor — government-backed KiwiSaver scheme finder (Te Ara Ahunga Ora Retirement Commission). smartinvestor.sorted.org.nz
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Important Information
Disclaimer: This page provides general information only and does not constitute financial advice under the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider (FAP).
We do not assess suitability, make recommendations, or provide personalised advice. The information shown is sourced from publicly available data and may not reflect current offerings. Past performance is not a reliable indicator of future returns. Investment returns can be negative, and you may receive back less than you invested.
Before making any decisions: Always verify current information directly with the relevant KiwiSaver provider and read their Product Disclosure Statement (PDS).
Need personalised advice? Consult a licensed Financial Advice Provider. Find advisers at fma.govt.nz
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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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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