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 - - -
KiwiSaver Aggressive FundNew - - -

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A $36 Administration charge is also charged annually. From 1 September 2019, this fee will not be charged for members under 21 years of age and those 65 years and over.

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

** To estimate the annual performance fee charges, we have simulated the performance of the Fund using its assumed risk and return profile, against its stated performance benchmark over a 20-year time horizon. The estimated performance fee result is 0% for Aggressive as the performance benchmark of the underlying funds in which it invests (where applicable) is the market index. Those funds need to achieve above the market index for a performance fee to be payable.

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
Cash FundNew - - -
Trans-Tasman Bond Fund - - -
Global Corporate Bond Fund - - -
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 fee charges, we have simulated the performance of the Fund using its assumed risk and return profile, against its stated performance benchmark over a 20-year time horizon. The estimated performance fee result is 0% for Global Equity, Trans-Tasman Equity 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.

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