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Data-driven rankings

Top KiwiSaver funds by 10-year return.

Sourced from the Morningstar KiwiSaver 360, Q2 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

4.1%

10y annualised

  1. #1

    SuperLife Conservative

    superlife

    4.9%10y
  2. #2

    QuayStreet Conservative

    quaystreet

    4.8%10y
  3. #3

    Milford Conservative Fund

    milford

    4.7%10y
  4. #4

    Fisher Funds Plan Defensive Conservative

    fisher

    4.5%10y
  5. #5

    Westpac Conservative Fund

    westpac

    4.3%10y

Category

Balanced / Moderate

Category average

7.2%

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

    8.2%10y
  2. #2

    QuayStreet Balanced

    quaystreet

    8.1%10y
  3. #3

    QuayStreet Socially Responsible Investment

    quaystreet

    7.8%10y
  4. #4

    MAS Balanced

    mas

    7.8%10y
  5. #5

    SuperLife Ethica

    superlife

    7.5%10y

Reference: Morningstar Moderate category, 10y

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

  1. #1 MAS Moderate5.9%
  2. #2 BNZ Moderate Fund5.7%
  3. #3 Generate Moderate5.7%
  4. #4 Westpac Moderate5.6%
  5. #5 ASB Scheme's Moderate5.1%

Category

Growth

Category average

8.9%

10y annualised

  1. #1

    Milford Active Growth Fund

    milford

    10.2%10y
  2. #2

    QuayStreet Growth

    quaystreet

    9.7%10y
  3. #3

    MAS Growth

    mas

    9.6%10y
  4. #4

    Generate Growth Fund

    generate

    9.5%10y
  5. #5

    BNZ Growth Fund

    bnz

    9.4%10y

Category

Aggressive

Category average

10.3%

10y annualised

The #1 fund by 10-year return is Booster Geared Growth, a geared (leveraged) fund carrying a Morningstar risk rating of 7 — the highest available. Gearing amplifies both gains and losses, so it is materially higher-risk than a standard high-growth fund and is not comparable like-for-like. The top non-geared aggressive fund is Generate Focused Growth at 11.1%.

  1. #1

    Booster Geared Growth (geared, risk 7)

    booster

    12.1%10y
  2. #2

    Generate Focused Growth Fund

    generate

    11.1%10y
  3. #3

    Booster Socially Responsible High Growth

    booster

    11.0%10y
  4. #4

    MAS Aggressive

    mas

    10.8%10y
  5. #5

    SBS Wealth High Growth

    sbs

    10.5%10y

Method and source

Morningstar KiwiSaver 360, period ending 30 June 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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