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QuayStreet KiwiSaver Review (2026)
QuayStreet runs an actively managed, 12-fund KiwiSaver scheme managed by Smartshares. Several of its funds rank at or near the top of their categories for long-term returns, despite their small size.
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Brent Coleman
What is QuayStreet?
The QuayStreet KiwiSaver Scheme is managed and issued by Smartshares Limited, part of the NZX Group and the same manager behind Smart and SuperLife.
QuayStreet remains a separate investment brand, with its own website and investment team, rather than being folded into the wider Smart range.
Outside KiwiSaver, QuayStreet also offers managed funds directly and through platforms such as InvestNow.
What can you invest in?
The QuayStreet KiwiSaver Scheme has 12 funds:
Diversified funds
- Conservative
- Balanced
- Growth
- High Growth
Sector funds
- Fixed Interest
- New Zealand Equity
- Australian Equity
- International Equity
- International Equity (NZD Hedged)
Specialist funds
- Income
- Socially Responsible Investment
- Altum
The range gives members considerably more choice than a typical KiwiSaver scheme, including standalone bond and equity funds as well as diversified options.
On InvestNow, QuayStreet currently offers two managed funds:
- Income Fund – 0.75% annual fund charge, targeting 20% growth assets and 80% income assets.
- NZ Equity Fund – 1.25% annual fund charge, targeting 100% growth assets.
Both are actively managed PIE funds with no current buy/sell spread or transaction fee. As at August 2026, the Income Fund had around $381 million in net assets and the NZ Equity Fund around $219 million.
Performance
QuayStreet has produced some of the stronger long-term results in several KiwiSaver categories.
The Growth Fund ranked first in its category over five years and second over 10 years, behind Milford over the longer period.
Fees
QuayStreet's fees are noticeably higher than low-cost index providers such as Kernel and Simplicity, and broadly in line with other active managers:
| Fund | Annual fee |
|---|---|
| Conservative | 0.75% |
| Income | 0.75% |
| Fixed Interest | 0.75% |
| Balanced | 1.01% |
| Socially Responsible Investment | 1.00% |
| Growth | 1.26% |
| High Growth | 1.31% |
| International Equity / International Equity (NZD Hedged) | 1.15% |
| Australian Equity / NZ Equity | 1.25% |
| Altum | 1.33% (highest in the range) + performance fee |
Members also pay an administration fee of up to $30 a year. Members under 18 are not charged this fee.
The Altum Fund can also charge a performance fee equal to 15% of returns above the Reserve Bank OCR plus 6% p.a.
Balanced, Growth and High Growth do not directly charge performance fees, but they can invest in Altum, so their estimated annual fund charges include a small allowance for possible Altum performance fees.
Ownership
Smartshares Limited is the manager and issuer of both the QuayStreet KiwiSaver Scheme and the QuayStreet managed funds.
Smartshares is part of the NZX Group and also operates investment brands including Smart and SuperLife.
QuayStreet continues to operate as a distinct investment brand and product range within that wider group.
The bottom line
QuayStreet is an actively managed KiwiSaver provider with an unusually broad 12-fund range, covering diversified funds, individual asset classes and specialist strategies.
Its fees are higher than the cheapest passive providers, ranging from 0.75% to 1.33%, plus an administration fee of up to $30 a year.
Its long-term track record is a major point of difference. The Conservative, Balanced and Growth funds have all ranked near the top of their Morningstar categories over longer periods, including the Growth Fund ranking first over five years to June 2026.
The Altum Fund is the most specialised option in the range and can also charge a performance fee, making its fee structure more complex than the rest of the lineup.