How has the fund performed?
Performance as at 30 June 2026
Rate | |
|---|---|
3 months | 3.62% |
1 year | 5.61% |
3 years (p.a.) | 5.82% |
5 years (p.a.) | 2.34% |
10 years (p.a.) | 3.51% |
Since launch (p.a.) | 4.71% |
Performance is after the annual fund charge and before tax. KiwiSaver rates, fees and agreements.
What happened this quarter (three months to 30 June 2026)
The fund holds a large allocation to bonds, which make up nearly two-thirds of its investments. While bond markets were volatile during the quarter, they ultimately delivered positive returns. Early in the period, rising oil prices linked to tensions between the US and Iran fuelled inflation concerns, which weighed on bond prices. However, after a ceasefire was reached, these concerns eased and bond markets rebounded, helping to support the fund's performance.
Despite the pullback in oil prices, several central banks took action during the quarter. The European Central Bank and the Reserve Bank of Australia both raised interest rates by 25 basis points, while the US Federal Reserve left rates unchanged but adopted a more hawkish tone and raised its year-end inflation forecast.
New Zealand bond markets were among the strongest performers over the quarter, recovering from a challenging start to the year. The Reserve Bank of New Zealand met twice during the period and left the Official Cash Rate (OCR) unchanged on both occasions. However, in early July the central bank lifted the OCR by 25 basis points.
The fund's exposure to shares is relatively small. Even so, global share markets rebounded strongly, recovering from a challenging start to the year. Many markets reached record highs and posted double-digit gains. In the US, the S&P 500 and Nasdaq 100 rose 15.2% and 21.6% respectively, while Japan's Nikkei 225 was a standout performer, rising nearly 40%.
Strong performance from both bond and equity holdings drove returns, with all asset classes making positive contributions to the fund’s overall result.
Looking ahead, market volatility is likely to persist as geopolitical and inflation risks evolve. However, the fund remains well diversified and is designed to help manage risk while providing a more stable long-term investment experience.
For more information on investment markets
How the fund has performed over time
The fund aims to achieve (after the fund charge and before tax) over the long term low relatively stable returns, allowing for small ups and downs in value.
The graph below shows the value of a $1,000 investment made at the time the fund launched.
Performance is after the annual fund charge and before tax. KiwiSaver rates, fees and agreements.
What does the fund invest in?
The fund invests mainly in income assets (cash and cash equivalents and fixed interest), with a smaller exposure to growth assets (Australasian equities and International equities). The fund may also invest in alternative assets.
This graph shows the mix of assets that the fund generally intends to invest in.
See the fund's actual investment mix on page 3 of the fund update.
Important information
ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the ANZ KiwiSaver Scheme, the OneAnswer KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme (no longer a default scheme and closed to new members). For the scheme guides and product disclosure statements see KiwiSaver documents and forms or ask at any ANZ branch.
This material is for information purposes only. Please talk to us if you need financial advice about your situation and goals or about our products and services. See our Financial advice provider disclosure statement (PDF 39.9KB).
Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.