| Account balance |
Member fee¹¹ Members who pay the standard member fee of $3.00 per month automatically receive the free Accidental Death Cover benefit unless they are 65 years or over. This applies even if you have had the fee waived due to an account balance of less than $500.
| |
|---|---|---|
| All funds | $0 - $500 | $0 |
| >$500 | $3.00 per month ($36 per year) | |
| Default fund | $0 + |
$022 You will not be charged a member fee or an account closure fee if your money has only ever been invested in our default fund.
|
| Account Balance |
Member fee¹¹ Members who pay the standard member fee of $3.00 per month automatically receive the free Accidental Death Cover benefit unless they are 65 years or over. This applies even if you have had the fee waived due to an account balance of less than $500.
| |
|---|---|---|
| All funds | $0 - $500 | $0 |
| >$500 | $3.00 per month ($36 per year) | |
| Default fund | $0 + |
$022 You will not be charged a member fee or an account closure fee if your money has only ever been invested in our default fund.
|
 | |
|---|---|
| Account establishment fee | No charge |
| Account contribution | No charge |
| Account withdrawal | No charge |
| Switching funds fee | No charge |
| Account closure fee |
 | |
|---|---|
| Account closure fee |
$3022 You will not be charged a member fee or an account closure fee if your money has only ever been invested in our default fund.
|
The annual fund charges include all charges associated with investing in Booster KiwiSaver funds. It excludes the monthly member fee or one-off account fees.
Annual management fee: It’s charged as a fixed percentage of the net asset value of the fund.
Portfolio administration & performance-based fees: These are estimated charges and will vary, depending on the performance of the fund and the number of overseas investment transactions.
The annual fund charges do not include the monthly member fee or one-off account fees.
The annual fund charges are deducted directly from the fund you invest in. This means you won’t see it as a deduction from your balance. Your balance reflects the value of your account with the annual fund charges already paid.
If you have more than $200,000 invested in Booster KiwiSaver funds (excluding the Default Saver Fund and the Conservative Fund), you’ll receive a rebate on your annual fund charge. There are four tiers of rebates, with bigger rebates for larger balances.
The fee discount will be paid as a rebate. It will be calculated daily as a percentage of the total value of your investments and applied at the end of each month to buy additional units in the relevant fund(s).
If you hold any portion of your investment in one or more of the Asset Class Funds, the Asset Class Fund rebates will be applied across your entire balance.
If you hold any portion of your investment in the default fund or the Conservative Fund, no fee rebates will be applied to any of your balance.
| Conservative Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 0.38% (actual) |
| $200,0000-$500,000 | 0.38% (actual) |
| $500,000-$1million | 0.38% (actual) |
| $1million-$2million | 0.38% (actual) |
| Over $2million | 0.38% (actual) |
| Enhanced Cash Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 0.75% |
| $200,0000-$500,000 | 0.45% |
| $500,000-$1million | 0.25% |
| $1million-$2million | 0.15% |
| Over $2million | 0.00% |
| Capital Guaranteed Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 0.91% |
| $200,0000-$500,000 | 0.61% |
| $500,000-$1million | 0.41% |
| $1million-$2million | 0.31% |
| Over $2million | 0.09% |
| Moderate Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.11% |
| $200,0000-$500,000 | 0.81% |
| $500,000-$1million | 0.61% |
| $1million-$2million | 0.51% |
| Over $2million | 0.29% |
| Asset Class Conservative Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.11% |
| $200,0000-$500,000 | 0.97% |
| $500,000-$1million | 0.87% |
| $1million-$2million | 0.79% |
| Over $2million | 0.72% |
| Default Saver Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 0.35% |
| $200,0000-$500,000 | 0.35% |
| $500,000-$1million | 0.35% |
| $1million-$2million | 0.35% |
| Over $2million | 0.35% |
| Balanced Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.22% |
| $200,0000-$500,000 | 0.92% |
| $500,000-$1million | 0.72% |
| $1million-$2million | 0.62% |
| Over $2million | 0.40% |
| Asset Class Balanced Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.18% |
| $200,0000-$500,000 | 1.04% |
| $500,000-$1million | 0.94% |
| $1million-$2million | 0.86% |
| Over $2million | 0.79% |
| Growth Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.29% |
| $200,0000-$500,000 | 0.99% |
| $500,000-$1million | 0.79% |
| $1million-$2million | 0.69% |
| Over $2million | 0.47% |
| Shielded Growth Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.36% |
| $200,0000-$500,000 | 1.06% |
| $500,000-$1million | 0.86% |
| $1million-$2million | 0.76% |
| Over $2million | 0.54% |
| High Growth Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.34% |
| $200,0000-$500,000 | 1.04% |
| $500,000-$1million | 0.84% |
| $1million-$2million | 0.74% |
| Over $2million | 0.52% |
| Geared Growth Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 |
1.74%²² The Geared Growth Fund’s total annual fund charge includes estimates for the gearing fee, which is 1.1% of the amount borrowed, calculated daily. The annual fund charge does not include the interest costs paid on the gearing, currently estimated at 1.48% on the money borrowed by the Fund.
|
| $200,0000-$500,000 | 1.44% |
| $500,000-$1million | 1.24% |
| $1million-$2million | 1.14% |
| Over $2million | 0.92% |
| Asset Class Growth Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.24% |
| $200,0000-$500,000 | 1.10% |
| $500,000-$1million | 1.00% |
| $1million-$2million | 0.92% |
| Over $2million | 0.85% |
| Socially Responsible Moderate Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.14% |
| $200,0000-$500,000 | 0.84% |
| $500,000-$1million | 0.64% |
| $1million-$2million | 0.54% |
| Over $2million | 0.32% |
| Socially Responsible Balanced Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.29% |
| $200,0000-$500,000 | 0.99% |
| $500,000-$1million | 0.79% |
| $1million-$2million | 0.69% |
| Over $2million | 0.47% |
| Socially Responsible Growth Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.32% |
| $200,0000-$500,000 | 1.02% |
| $500,000-$1million | 0.82% |
| $1million-$2million | 0.72% |
| Over $2million | 0.50% |
| Socially Responsible High Growth Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 | 1.35% |
| $200,0000-$500,000 | 1.05% |
| $500,000-$1million | 0.85% |
| $1million-$2million | 0.75% |
| Over $2million | 0.53% |
| Socially Responsible Geared Growth Fund | |
|---|---|
Account balance |
Annual fund charge |
| Up to $200,000 |
1.80%²² The Socially Responsible Geared Growth Fund’s total annual fund charge includes estimates for the gearing fee, which is 1.1% of the amount borrowed, calculated daily. The annual fund charge does not include the interest costs paid on the gearing, currently estimated at 1.48% on the money borrowed by the Fund.
|
| $200,0000-$500,000 | 1.50% |
| $500,000-$1million | 1.30% |
| $1million-$2million | 1.20% |
| Over $2million | 0.98% |
This fee varies between funds. It covers Booster’s administration and investment management fees, the Supervisor’s fee, and the regular costs and expenses of running the Booster KiwiSaver Scheme (such as audit fees and legal fees). It is calculated daily as a percentage of the net asset value of the fund and paid monthly.
This fee also covers the fees of any funds that the Booster KiwiSaver funds invest in. Separate performance-based fees apply if a particular fund also invests in Booster Tahi LP.
Because the manager of Booster Tahi LP is Booster Funds Management Limited, and it may receive a performance fee based on the returns of Booster Tahi LP, 0.50% of Booster’s annual management fee will be rebated on the amount invested in Booster Tahi LP.
All funds
Some funds may invest in Booster Tahi LP and Booster Innovation Fund (BIF).
Booster Tahi LP is a limited partnership which invests in private (or unlisted) small to medium-sized New Zealand companies.
BIF is a managed investment scheme which invests indirectly in unlisted shares in early-stage companies founded on intellectual property developed in New Zealand.
The managers of Booster Tahi LP and BIF may be paid a performance fee based on their return over a certain hurdle rate. An estimate of these fees is included in the annual fund charges.
Moderate, Balanced, Growth, Socially Responsible Moderate, Socially Responsible Balanced, Socially Responsible Growth, Socially Responsible High Growth, High Growth, Shielded Growth and Geared Growth Funds
This fee is up to 0.50% of any net foreign exchange transaction and may be charged directly or indirectly to Booster KiwiSaver funds that invest in funds managed by Booster.
It is deducted from the relevant fund or underlying fund and, as a result, reduces the unit price of each fund.
Capital Guaranteed, Moderate, Balanced, Growth, Socially Responsible Moderate, Socially Responsible Balanced, Socially Responsible High Growth, High Growth, Shielded Growth and Geared Growth Funds
This fee is worth 1.1% p.a. of the borrowed component (the amount borrowed) of the Geared Growth Fund and the Socially Responsible Geared Growth Fund (the geared funds). It does not apply to any other fund.
It is calculated daily as a percentage of the borrowed component of the relevant geared fund and deducted each month.
Any interest paid on the amount borrowed is also deducted from the geared fund.
The fee and interest costs are deducted from the geared fund and, as a result, reduces the unit price of the geared fund.
Geared Growth and Socially Responsible Geared Growth Funds.
