EasyFunds
The only fees currently charged for EasyFunds are the management fee, trustee fee and service fee outlined below. No fees are charged for advice and there are no switching or exit fees.
Management fee
This fee is paid as a percentage of the gross asset value of the fund. It's an annual management fee, which is paid to the manager for investment management and other functions of maintaining this fund. The management fee is set by the manager from time to time, but can be no greater than 3% annually (plus any GST) of the gross asset value of the fund, unless the establishment deed is first amended to allow a greater percentage.
EasyFund Defensive 0.90 %
EasyFund Conservative 1.00 %
EasyFund Moderate 1.05 %
EasyFund Balanced 1.10 %
EasyFund Growth 1.15 %
Trustee fee
This fee is based on the aggregate gross asset value of the funds. It's an annual fee paid to the trustee for its trustee and custodial services. The trustee is also able to charge special fees to reflect additional services provided. The trustee fee is scaled based on the overall money held in EasyFunds. 0.06% is the maximum percentage charged.
All EasyFunds 0.06 %
Service fee
This fee is charged as a percentage of the moneys invested in the fund. The service fee is a one-off charge deducted from all moneys invested (including regular contributions), and is paid to the manager. The service fee is set from time to time by the manager and can be no greater than 3% annually of the application moneys received (plus any GST), unless the establishment deed is first amended to allow a greater percentage.
All EasyFunds 0.45 %
EasyFunds are provided by ASB Group Investments Limited. Copies of the Investment Statement and current registered prospectus for EasyFunds are available by calling 0800 ASB FUNDS (0800 272 386) or by emailing invest@asb.co.nz
ASB Portfolio Series
ASB Portfolio Series is designed to be cost effective and easy to understand. All fees are fully disclosed and explained in your personal investment plan.As a valued customer, we do not believe that we need to charge you a fee for advice, research or for the preparation of your investment plan. However, there is a joining fee, discounted brokerage and an ongoing annual fee.
Due to the large amounts invested though ASB Portfolio Series you will also have access to wholesale pricing, the benefits of which we pass directly back to you the investor, improving your overall return.
Joining fee
- This is a one-off initial payment to share in the benefits of the ASB Portfolio Series.
- This implementation fee includes the cost of setting up your investment portfolio on the gis platform.
- The joining fee is calculated on the total of the funds invested.
| 0.25% to a maximum of $5,000. |
Brokerage
- This is charged to cover the cost of purchasing any shares required for your portfolio.
- We have negotiated discounted brokerage rates with ASB Securities.
- The brokerage costs are incurred at the time of purchase and also in the case of partial and full withdrawals.
- Brokerage costs are deducted before the proceeds are paid to you.
| New Zealand shares | 0.35% per share | minimum fee of NZ$24.95 |
| Australian shares | 0.40% per share | minimum fee of NZ$39.95 |
Annual fee
- This annual fee is calculated daily as a percentage of the value of your funds under management, and is deducted monthly.
- It covers the ongoing costs of ensuring your ASB portfolio is professionally administered and managed.
- The percentage for each portfolio in the series represents the total gross ongoing investment management and service fee per annum (excluding GST).
- The service fee attracts GST and this is payable by you.
| Portfolio type | Fee |
| ASB Defensive Portfolio | 0.90% |
| ASB Conservative Portfolio | 0.95% |
| ASB Moderate Portfolio | 1.00% |
| ASB Balanced Portfolio | 1.10% |
| ASB Growth Portfolio | 1.20% |
Tax deductibility of fees
In general, fees are deductible to investors when the investments held are generating taxable income. However, given that each individual's investor tax profile is different, we recommend that clients seek their own independent advice regarding the tax deductibility of fees.
More information is available in this ASB Portfolio Series brochure.
View the ASB Portfolio Series Agreement and Application Form.