Currency-hedged overseas exposure via NZ KiwiSaver scheme funds
KiwiSaver scheme funds that hedge currency risk back to NZD on overseas equity or fixed-interest exposure.
General Information Only: This page provides factual data for comparison purposes and does not constitute financial advice. Individual circumstances vary.Read our disclosure
Ranked by annual fee (lowest first)
| # | Fund | Scheme | Annual fee | 1y return | 5y avg | Fund size |
|---|---|---|---|---|---|---|
| 1 | InvestNow Foundation Series Hedged US 500 Fund | FundRock | 0.03% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 8 February 2024 is less than five years before March 2026. | $10M |
| 2 | InvestNow Foundation Series Hedged Total World Fund | FundRock | 0.07% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 8 February 2024 is less than five years before March 2026. | $24M |
| 3 | Kernel S&P 500 (NZD Hedged) Fund | Kernel | 0.25% | 12.56% | No 5-year average return figure held. Recorded fund start date 11 April 2022 is less than five years before March 2026. | $140M |
| 4 | Kernel Global ESG (NZD Hedged) Fund | Kernel | 0.25% | 14.23% | No 5-year average return figure held. Recorded fund start date 3 July 2023 is less than five years before March 2026. | $436M |
| 5 | Kernel Global Property (NZD Hedged) Fund | Kernel | 0.25% | 4.00% | No 5-year average return figure held. Recorded fund start date 11 April 2022 is less than five years before March 2026. | $251M |
| 6 | InvestNow Mercer Ethical Leaders Hedged Global Fixed Interest Index Fund | FundRock | 0.44% | No 1-year return figure held for this fund. | No 5-year average return figure held for this fund. | $1M |
| 7 | Overseas Shares (Currency Hedged) Fund | Smartshares | 0.58% | 21.98% | 10.71% | $32M |
| 8 | Total World (NZD Hedged) Fund | Smartshares | 0.58% | 21.13% | 9.40% | $10M |
| 9 | InvestNow Russell Investments Hedged Global Shares Fund | FundRock | 0.86% | No 1-year return figure held for this fund. | No 5-year average return figure held for this fund. | $4M |
| 10 | QuayStreet International Equity (NZD Hedged) Fund | Smartshares | 1.27% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 19 April 2024 is less than five years before March 2026. | $1M |
About “—” in return figures: it means no figure is held, not a return of zero. Of the 10 funds listed, 5 have a 1-year return and 2 have a 5-year average return. Figures are drawn from fund disclosures on the FMA Disclose register, chiefly quarterly fund updates. Each fund shows the most recent figure held, with 1-year returns up to June 2026; the latest quarter broadly covered across all funds is March 2026. A fund too new to report a period has no figure for it; other gaps are figures not yet captured from the updates ingested so far.
Funds matched by name pattern against the currency-hedged overseas criteria. Annual-fee ranking is mechanical — does not factor in returns, risk, manager skill, or the precise underlying-index methodology. Past performance is not a reliable indicator of future returns.
Frequently asked questions
What's the cheapest currency-hedged overseas KiwiSaver scheme fund in NZ?
Based on the most recent FMA-filed Quarterly Fund Updates, the lowest-fee currency-hedged overseas option in our coverage is FundRock — InvestNow Foundation Series Hedged US 500 Fund at 0.03% per year. Mechanical fee ranking only — does not factor in returns, risk, or manager skill. Past performance is not a reliable indicator of future returns.
How many currency-hedged overseas KiwiSaver scheme funds are available?
10 KiwiSaver scheme funds matching currency-hedged overseas criteria across 3 schemes in our coverage, with annual fees from 0.03% to 1.27% (median 0.34%).
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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.
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