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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
Milford Conservative Fund - - -
Milford Balanced Fund - - -
Milford 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.

Investment Funds Annual Fees (estimated)

Fund Base Fund Fee* Performance fee** Total Fund Fees
Milford Conservative Fund - - -
Milford Diversified Income - - -
Milford Balanced Fund - - -
Milford Active Growth Fund - - -
Milford Trans-Tasman Fund - - -
Milford Global Fund - - -
Milford Dynamic Fund - - -
Australian Absolute Growth Fund^
(Australian Unit Trust)
- - -

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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 Australian Absolute Growth Fund base fund fee includes a maximum 0.10% expense recovery. All fees are stated exclusive of GST.

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