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Data-driven rankings

Top KiwiSaver funds by 10-year return.

Sourced from the Morningstar KiwiSaver 360, Q1 2026. Returns are annualised over 10 years, after fund charges and before tax. We group Morningstar’s Moderate and Balanced categories together as Balanced / Moderate for advice purposes.

Past performance is not a reliable indicator of future returns.

Our directory covers every NZ KiwiSaver fund. Our advice panel is five schemes — how we’re paid →

Category

Conservative

Category average

3.9%

10y annualised

  1. #1

    Milford Conservative Fund

    milford

    4.7%10y · TCR 0.85%
  2. #2

    QuayStreet Conservative

    quaystreet

    4.6%10y · TCR 0.75%
  3. #3

    QuayStreet Income

    quaystreet

    4.6%10y · TCR 0.75%
  4. #4

    Fisher Funds Plan Default Conservative

    fisher

    4.3%10y · TCR 0.87%
  5. #5

    ASB Scheme's Conservative

    asb

    4.0%10y · TCR 0.40%

Category

Balanced / Moderate

Category average

6.4%

10y annualised

Morningstar publishes Moderate and Balanced as separate categories. Smiths Insurance and KiwiSaver combines them as Balanced/Moderate for advice purposes. The ranks shown here are the Balanced category ranks (the broader of the two).

  1. #1

    Milford Balanced Fund

    milford

    7.7%10y · TCR 1.07%
  2. #2

    QuayStreet Balanced

    quaystreet

    7.7%10y · TCR 1.01%
  3. #3

    QuayStreet Socially Responsible Investment

    quaystreet

    7.2%10y · TCR 1.00%
  4. #4

    ASB Scheme's Balanced

    asb

    7.0%10y · TCR 0.65%
  5. #5

    BNZ Balanced Fund

    bnz

    6.8%10y · TCR 0.45%

Reference: Morningstar Moderate category, 10y

Smaller growth-asset mix (around 40%). Shown for context.

  1. #1 BNZ Moderate Fund5.3%
  2. #2 MAS Moderate5.2%
  3. #3 ASB Scheme's Moderate5.1%
  4. #4 Generate Moderate5.1%
  5. #5 Westpac Moderate5.0%

Category

Growth

Category average

7.9%

10y annualised

  1. #1

    Milford Active Growth Fund

    milford

    9.8%10y · TCR 1.25%
  2. #2

    QuayStreet Growth

    quaystreet

    9.1%10y · TCR 1.26%
  3. #3

    ASB Scheme's Growth

    asb

    8.5%10y · TCR 0.70%
  4. #4

    BNZ Growth Fund

    bnz

    8.5%10y · TCR 0.45%
  5. #5

    Generate Growth Fund

    generate

    8.4%10y · TCR 1.23%

Category

Aggressive

Category average

8.9%

10y annualised

  1. #1

    Booster Socially Responsible High Growth

    booster

    9.8%10y · TCR 1.24%
  2. #2

    Generate Focused Growth Fund

    generate

    9.5%10y · TCR 1.25%
  3. #3

    MAS Aggressive

    mas

    9.2%10y · TCR 0.99%
  4. #4

    SBS Wealth High Growth

    sbs

    9.2%10y · TCR 1.20%
  5. #5

    Booster High Growth

    booster

    8.9%10y · TCR 1.34%

Method and source

Morningstar KiwiSaver 360, period ending 31 March 2026. Returns are 10-year annualised, after fund charges, before tax.Rankings are within Morningstar’s multi-sector categories. Funds without a 10-year history are excluded from these tables, even where they may have strong shorter-term records. We update this page each quarter when the new Morningstar KiwiSaver 360 survey lands.

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