Fees - Milford Asset

Curious about fees?

Fees are one factor in your decision making. A more important factor is performance after fees. That’s why our fees are linked to the value we provide.

Our fees are:

A base fund fee

A potential performance fee linked to exceeding targeted returns

An administration fee for KiwiSaver investors

KiwiSaver Funds Annual Fees (estimated)

Fund Base Fund Fee* Performance fee** Total Fund Fees
KiwiSaver Conservative Fund - - -
KiwiSaver Balanced Fund - - -
KiwiSaver Active Growth Fund - - -

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A $36 Administration charge is also charged annually.

* The base fund fee includes estimated underlying external fund charges, where applicable.

** To estimate the annual performance fees, we have assumed the Fund will achieve the returns of the market index over the last 10 years and assessed them against the returns of the relevant Fund’s performance benchmark over each performance review period.

To view our methodology for calculating dollar fees on the Milford KiwiSaver Plan annual member statements, please click here.

Investment Funds Annual Fees (estimated)

Fund Base Fund Fee* Performance fee** Total Fund Fees
Trans-Tasman Bond FundNew - - -
Global Bond FundNew - - -
Conservative Fund - - -
Diversified Income Fund - - -
Balanced Fund - - -
Active Growth Fund - - -
Australian Absolute Growth Fund ***New - - -
Global Equity Fund - - -
Trans-Tasman Equity Fund - - -
Dynamic Fund - - -

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* The base fund fee includes estimated underlying external fund charges, where applicable.

**To estimate the annual performance fees, we have assumed the Fund will achieve the returns of the market index over the last 10 years and assessed them against the returns of the relevant Fund’s performance benchmark over each performance review period. This methodology results in the estimated performance fee being 0% for Trans-Tasman and Dynamic as their performance benchmark is the market index and they would need to achieve above the market index for a performance fee to be payable.

***The base fund fee reduces by 0.15% if at the end of the month, the Fund is invested in greater than 50% cash. The reduced fee will be applied in the following month.

^ The base fund fee includes a maximum 0.10% expense recovery. All fees are stated exclusive of GST. The base fund fee reduces by 0.15% if at the end of the month, the Fund is invested in greater than 50% cash. The reduced fee will be applied in the following month.

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