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 14/05/2022
High Growth $0.8805
Growth $1.3806
Balanced $1.2553
Stable $1.1474
Cash Plus $1.0711

Market update

Our investment manager Mercer prepares regular updates on investment performance. Read the latest 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. Percentage returns on your investments will vary depending on your PIR. Returns in brackets are negative.

Percentage returns for this scheme year

High Growth %

Growth %

Balanced %

Stable %

Cash Plus %

Apr 2021

n/a

2.75

1.85

0.91

0.02

May 2021

n/a

0.57

0.40

0.23

0.02

June 2021

n/a

1.79

1.32

0.76

0.02

July 2021

n/a

0.61

0.75

0.44

0.01

Aug 2021

n/a

1.32

0.91

0.21

0.04

Sep 2021

n/a

(1.63)

(1.46)

(0.92)

0.03

Oct 2021

n/a

1.77

1.12

0.16

0.03

Nov 2021

(2.36)

(1.42)

(0.87)

0.01

0.06

Dec 2021

3.14

3.06

2.19

0.64

0.06

Jan 2022

(5.44)

(3.68)

(3.21)

(1.75)

0.07

Feb 2022

(2.47)

(1.38)

(1.45)

(1.10)

0.07

Mar 2022

1.29

2.21

1.07

(0.29)

0.09

Year 31 March 2022

(5.92)

5.88

2.51

(0.72)

0.53

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

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. Returns in brackets are negative.

PSS vs KiwiSaver

These graphs compare returns from our options with comparable funds in the Morningstar KiwiSaver survey. Morningstar is an independent company that monitors KiwiSaver fund performance. High Growth was introduced in November 2021. It will be added to these graphs from December 2022. Returns are after fees and tax at 28%. Your tax rate might be lower depending on your PIR.

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 31 March 2022 (before fees and tax)

1 year (%)

3 years (% p.a.)

5 years (% p.a.)

10 years (% p.a.)

High Growth

n/a

n/a

n/a

n/a

Growth

-1.4

-0.2

+0.1

+0.4

Balanced

-1.0

+0.1

+0.3

+0.6

Stable

-0.6

+0.5

+0.5

+0.6

Cash Plus

+0.1

+0.3

+0.3

+0.4