Our fees

Know what you're paying

There is one annual fee that applies for each of our Managed Funds. There are also some ‘Other costs’ that flow through to our funds which we’ve estimated in the table below (don’t worry – we don’t expect they’ll vary too much from the estimate).

Unlike some other providers, we don’t charge performance fees on top of the return your investment makes, so you get to keep more of your returns.

*Percentage of net asset value per annum of each fund. The ‘Other costs’ are an estimate of third-party charges relating to other funds our funds invest in.
Fund Annual management fee* Other costs (estimate)* Total estimated annual fund charges*
Conservative 0.70% 0.01% 0.71%
Balanced 0.80% 0.05% 0.85%
Growth 0.90% 0.07% 0.97%

For more information on our fees, read the Kiwi Wealth Managed Fund Product Disclosure Statement on our Managed Funds key documents page.

Transaction costs

Generally speaking, when you invest, we need to buy investments on your behalf. Similarly, when you make a withdrawal, we need to sell some investments. When we buy and sell investments, there is a small cost - just like you'd pay a cost when buying or selling investments on your own.

You'll only pay these costs when you make a contribution to or withdrawal from your fund. This is called a "buy/sell spread", and it's paid back into the fund. We don’t receive any benefit from the spreads.

If you contributed $100 to the Balanced fund, for example, the buy spread would be just 13 cents.

Investment fund Buy spread Sell spread
Conservative 0.1517% 0.1502%
Balanced 0.1316% 0.1276%
Growth 0.1165% 0.1106%

The buy/sell spread is variable in that you’ll pay a lower buy/sell spread than set out above if there are both investments into and withdrawals out of a fund taking effect on the same day. This is because the fund does not need to buy or sell underlying investments to the extent that there is a netting of investments and withdrawals.

We review the buy/sell spreads periodically to check that they reflect the actual cost of buying and selling investments and can change them without notice.

Note that the buy/sell spread also applies to other transactions such as a switch between funds or a rebalance.

You can find more information on the buy/sell spread in the Kiwi Wealth Managed Funds Product Disclosure Statement on our Managed Funds key documents page.

What you get with us

Choosing the right fund for your investment goals and timeframe should be about more than fees.