The combined fees are how much you would have been charged for the year ended 31 March 2020 on the average KiwiSaver balance.
All the averages you see are for this same type of fund, so you’re comparing apples with apples.
Combined fees include
Membership fees per year
Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.
+ Total fund fees
Annual management fee
Other fees and costs
Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.
Combined fees example
On a conservative fund of $21,700 the annual fees would be approximately:
From the September 2020 KiwiSaver provider survey
We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.
So this rating is more about the quantity than the quality of services.
Help with investment options
Communications to members
Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver.
More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.
These extras include a range of additional services that are helpful.
Since January 2016
Warning about returns!
These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.
Compare past returns
Last twelve months
The last twelve months refers to January 2020 to December 2020.
In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.
More fund details
What’s in this fund
At 31 December 2020
This shows the actual mix of investments that this fund held on 31 December 2020. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.
How this fund invests your money
- Number of members
- Total value of fund
- Date fund started
- 23 Jul 2019
Top 10 investments
These assets make up 80.14% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|Cash and cash equivalents||NZ||37.74||Cash At Bank - Nzd - Interactive Brokers|
|Cash and cash equivalents||NZ||10.77||Westpac Term Deposit 10/12/2020 08/06/2021|
|Cash and cash equivalents||NZ||6.51||Westpac Term Deposit 10/07/2020 06/01/2021|
|Cash and cash equivalents||NZ||4.39||Asb (Pwa) - Cash At Call|
|Cash and cash equivalents||NZ||4.35||Asb Term Deposit 23/11/2020 23/05/2021|
|Cash and cash equivalents||NZ||4.33||Westpac Term Deposit 18/08/2020 15/02/2021|
|Cash and cash equivalents||NZ||4.33||Bchina Term Deposit 10/08/2020 10/02/2021|
|International fixed interest||US||4.18||Wlb Asset Ii B|
|New Zealand fixed interest||NZ||2.55||Br Land Co Feb 22|
|Australasian equities||NZ||0.99||Sharesies Limited|
|Name||Current position||Time in role|
|John Berry||Ceo||11 years, 9 months|
|Paul Brownsey||Cio||11 years, 9 months|
|James Caughey||Portfolio Manager||3 years, 4 months|
|Nish Vyas||Private Wealth Advisor||0 years, 11 months|
|Kent Fraser||Chair Of Investment Committee||4 years, 3 months|