Latest returns

Your investment returns depend on the performance of the investment option(s) you have chosen to invest your savings in. Returns may be negative, nil or positive. 

Daily unit pricing

Updated at the end of each trading day

The scheme uses daily unit pricing. When you sign in to your account to view your investment balances online, you see the unit price, number of units and dollar value for your holding in each investment option.

A unit represents a share in a particular investment option. The unit price is based on the net value of all the investments held under that investment option. At the end of each trading day, we declare a unit price for each option, just like a share price. When your contributions are paid into the scheme, you effectively buy additional units based on that day’s unit price. Similarly, when you apply for a benefit, you redeem units to the value of your withdrawal based on that day’s unit price.

Investment management fees and expenses are reflected in the unit price. Tax is not reflected in the unit price. This is because the scheme is a Portfolio Investment Entity (PIE). A PIE is a type of investment vehicle in which investment earnings accruing to an individual investor are taxed at a rate based on the annual income of that investor. This is called your prescribed investor rate (PIR). Read more about tax.

Current prices

After expenses but before tax Current price 30/07/2021
Growth $1.4504
Balanced $1.3373
Stable $1.2141
Cash Plus $1.0652

Market update

Our investment manager Mercer prepares a monthly update on investment markets. 

Read the latest monthly update

Percentage returns

Updated monthly

These investment performance figures are based on the change in unit prices over a given period and are expressed as a percentage. Returns are after expenses and before tax. Returns in brackets are negative. Percentage returns on your investments will vary depending on your PIR. 

Percentage returns for this scheme year

  Growth % Balanced % Stable % Cash Plus %
Apr 2021 2.75 1.85 0.91 0.02
May 2021 0.56 0.39 0.23 0.02
June 2021 1.79 1.32 0.75 0.02
Year to date 5.17 3.60 1.91 0.06

Historical returns

  Growth % Balanced % Stable % Cash Plus %
2021 28.70 19.05 10.82 0.44
2020 (9 months) (10.52) (6.66) (2.81) 1.21
2019 5.50 6.47 5.01 2.22
2018 7.10 5.42 4.15 2.22
2017 11.71 8.26 4.62 2.30
2016 4.25 5.75 6.21 2.86
2015 5.33 5.80 4.98 3.82
5-year return (p.a.) 3.7 3.9 3.6 2.6
10-year return (p.a.) 7.4 7.2 6.0 3.1

Returns after expenses and before tax. Returns for 2020 are for the 9 months to 31 March 2020. Returns for 2015-2019 are for periods ended 30 June. 5-year and 10-year average returns are for periods ended 31 March 2020.

PSS vs KiwiSaver

These graphs compare returns from our three main funds with comparable funds in the Morningstar KiwiSaver Report. Morningstar is an independent company that monitors KiwiSaver fund performance.

Performance against benchmarks

Each option aims to outperform its benchmark. You can read more about benchmarks in the Statement of Investment Policy and Objectives.

Performance against benchmark

to 30 June 2021 (before fees and tax)
  1 year (%) 3 years (% p.a.) 5 years (% p.a.) 10 years (% p.a.)
Growth +1.4 +0.3 +0.7 +0.5
Balanced +1.8 +0.5 +0.9 +0.7
Stable +2.2 +0.9 +1.0 +0.8
Cash Plus +0.2 +0.3 +0.3 +0.4