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Understanding performance and fees

When you invest in an ANZ-managed KiwiSaver scheme or ANZ Investment Funds, you expect value for money from the fees you pay. At ANZ Investments, we aim to deliver outstanding value in both the service you receive and the performance of your investment. In this article, we’ll look at what you get for the fees you pay and why performance matters.

At ANZ Investments, our fees are simple and easy to understand. The fees are made up of:

Membership fee

(For KiwiSaver only)

If you're an ANZ KiwiSaver Scheme or ANZ Default KiwiSaver Scheme member, you pay a membership fee of $1.50 per month (unless you are under 18 or over 65). This pays for the day-to-day administration of your account.

Annual fund charge

(For KiwiSaver and investment funds)

ANZ-managed KiwiSaver schemes and the ANZ Investment Funds have an annual fund charge, which is a percentage of the net asset value of each fund. This pays for all the work and expenses involved in managing the fund your money is invested in.

Comparing fees and performance

When you’re comparing KiwiSaver schemes or investment funds, it’s important to make sure you’re comparing apples with apples.

For example, the fees for funds with an ‘active’ management approach tend to be higher than those for a fund with a ‘passive’ management approach. Rather than simply tracking an index, an ‘active’ approach aims to outperform an index. That involves more management and investment expertise, but it also offers the potential for higher returns over the long term.

That’s why fees are not the only consideration when choosing a fund to invest in. What’s really important is the overall return after fees. In other words, it’s what you get for your fees that counts.

When comparing different funds, make sure you look at long-term performance after fees have been deducted. At ANZ Investments, we believe our track record speaks for itself. We’ve consistently delivered above-average performance over the long term – and we think that’s pretty good value for money.

ANZ New Zealand Investments Limited is the issuer and manager of the ANZ KiwiSaver Scheme, ANZ Default KiwiSaver Scheme and ANZ Investment Funds. Important information is available under terms & conditions. Download the guide and product disclosure statement.