Our Fees

Annual fund charges 

All investors in our GoalsGetter KiwiSaver Scheme and our Amova NZ Investment Scheme pay annual fund charges. These are charged to the fund and are reflected in the unit price. Because they are part of the unit price, they also affect the returns you receive. 

• These charges are shown on your statement as a management fee which includes expenses. 
• We cap our expenses to ensure early investors into the funds are not unfairly charged.
• The annual fund charges are calculated and accrued daily and reflected in the unit price. The management fee is paid monthly to us.
• A servicing and advice fee of 0.20% is included in the fund fees for the GoalsGetter KiwiSaver Scheme.  If you have invested with us via a Financial Adviser this fee is paid to your adviser for the advice they are providing to you about your investment in the GoalsGetter KiwiSaver Scheme.
• If you are not receiving financial advice in relation to the GoalsGetter KiwiSaver Scheme, this fee is used to further develop the GoalsGetter advice tool which you are able to access at any time. These charges are shown on your annual KiwiSaver statement as a management fee which includes expenses.

*% p.a. of NAV (Net Asset Value - total assets of the fund, less liabilities).

^Estimated external costs of 0.05% are included in this fee – this is an estimate of charges the underlying Manager may incur for investing in other funds. For this fund, the other funds are the Green Bond Fund and the Pathfinder Wholesale Ethical Fixed Income Fund.

**Estimated third party fund performance fee

^^Includes estimated third party fund base fee

***Estimated annual performance fee 

^^^Estimated expenses charged by the underlying funds

****This fund may invest in funds that are managed by Harbour and external managers. As at the date of the latest PDS, this fund have a performance fee estimate of 0%, because there is no performance fee accrued to date. However, if a performance fee is charged by either a Harbour Fund or external managers, this is not rebated and will flow through to investors.

*****This fund may invest in funds that are managed by Harbour and external managers. As at the date of the latest PDS, an estimated performance fee for the Harbour Active Growth Fund of 0.05% may be payable for the year ending 31 December 2025

^^^^ The annual fund charges are an estimated percentage of the net asset value of a fund. However, your annual fund charges are calculated based on the gross asset value of your investment in a fund. As a result, the amount of annual fund charges you may pay may differ from the estimates shown in this table. 

^^^^^ The Aggressive Fund has invested in a related Milford Private Equity Fund that provides a profit share to a related Milford entity (similar to a performance fee). The amount of the profit share is unknown until the realisation of investments within the Milford Private Equity Fund. As at the date of this document, modelling indicates this amount could result in an estimated fee ranging from 0% to 0.05%. 

 

View Our KiwiSaver Scheme Funds

View Our Amova NZ Investment Schmeme Funds

Other specific fees

These are costs which only apply when you take a specific action, such as buy or sell units or receive investment advice. You may be charged other fees on an individual basis for investor-specific decisions or actions.

 

Buy/Sell Spreads and Swing Pricing Adjustments

There are currently no contribution, establishment, termination, withdrawal or switching fees being charged to any of our funds. Some of the funds available in the GoalsGetter KiwiSaver Scheme charge a buy/sell spread or a swing pricing adjustment.

Buy/Sell Spreads

The purpose of a buy/sell spread is to ensure that if you are buying or selling units, only you pay the costs (and not the other investors in the fund). Conversely, you are not expected to cover the costs of other investors in your fund making transactions.

The transaction costs that buy/sell spreads offset are specific costs that are incurred when securities (e.g. bonds or shares) are bought or sold. An example would be a fee paid to a share broker to buy and sell shares.

A buy/sell spread is only charged on application and withdrawal of units from a fund, it is not charged to unit holders that are not transacting. 

At times of high market volatility there may not be the normal number of buyers and sellers of securities, which can lead to a difference between the price you would pay to buy a security and the price you would receive for selling it. We amend the buy/sell spread in our funds to ensure that this cost difference is borne by those who are transacting and not the other unit holders.

 

Buy/sell spreads vary by fund and we may change the spreads from time to time to reflect the latest brokerage costs and market conditions. The spreads are reviewed at least annually and more frequently as required during periods of heightened volatility.

A buy/sell spread is only charged on application and withdrawal of units from a fund, it is not charged to unit holders that are not transacting. The spread is applied to the unit price when you either buy or sell units in a fund. As an example, if a fund has a unit price of $1.00 and a buy/sell spread of 0.1%/0.3%, you will pay $1.001 per unit to buy units and receive $0.997 per unit when selling.

The spread is not paid to us, but stays in the fund to prevent non-transacting investors from being impacted by the costs of trading from those that need to buy/sell units.

 

Swing Pricing Adjustments

A swing pricing adjustment is used to mitigate the potential dilution impact to existing investors caused by the trading activity of investors buying or selling units in a fund. 

In order to counter this effect and to protect existing investors, a manager of an Underlying Fund which our funds invest in, may adopt a swing pricing mechanism as part of its valuation policy.

If swing pricing is applied to the Underlying Fund on a particular valuation day, the Funds’ unit price will be impacted.

More information including current spreads and swing price adjustments are in the relevant Product Disclosure Statements.

Servicing and advice fees (applies only with your agreement and if you are receiving financial advice)

 

If we have received a letter of instruction from you to deduct an agreed fee payable to your financial adviser, we will deduct that agreed fee as a servicing and advice fee. This fee is paid monthly by redemption of units you hold, until you advise us that you no longer wish us to pay that fee. Further information about the servicing and advice fee is available in the Servicing and Advice Fees document on Disclose at disclose-register.companiesoffice.govt.nz.

More information about KiwiSaver fees

 

Your annual member statement shows the dollar amount you pay us annually. This show you how much you’ve paid in management fees and individual action fees such as buy/sell spreads or servicing and advice fees (if these apply to you).

Amova uses the cents per unit methodology to calculate investors’ fees in a dollar amount. The method involves allocating fees (as cents per unit when the fund is valued each day) to your  daily balance of units held in each fund. Buy/Sell spreads are calculated by applying the applicable rate to each of your transactions for the period, if these charges apply to the funds you’re invested in.

The member fee is calculated at the rate of $2.50 per calendar month (or part month) and represents an annual fee of $30.