Compare ASB KiwiSaver Investment Funds

This page compares the fees and investment strategy of each of the five ASB KiwiSaver Investment Funds.

• Fees
• Investment strategy
• Breakdown of current benchmark investment asset mix

Fees

ASB KiwiSaver offers some of the lowest KiwiSaver fees around. The table below outlines the key fees that will be charged to your ASB KiwiSaver investment.

	ASB KiwiSaver NZ Bank Deposit Fund	ASB KiwiSaver Conservative Fund	ASB KiwiSaver Moderate Fund	ASB KiwiSaver Balanced Fund	ASB KiwiSaver Growth Fund
Trustee Fee (gross per annum)	0.030%	0.025%	0.030%	0.030%	0.030%
Investment Management Fee (gross per annum)	0.20%	0.25%	0.34%	0.34%	0.34%
Administration Fee	$2.50 per member per month. This fee will increase to $3.00 per member per month if ASB KiwiSaver membership drops to 50,000 or below.
Example annual fees on a $10,000 account balance	$53.00	$57.50	$67.00	$67.00	$67.00

• GST (if any) and other taxes are additional to the above amounts. The Trustee Fee and the Investment Management Fee are calculated daily as a percentage of the gross value of each KiwiSaver Investment Fund.
• There are no entry or exit fees or any fee for changing between ASB KiwiSaver Investment Funds.
• Details of any other fees that may be charged are outlined in the ASB KiwiSaver Investment Statement.
• Fees are subject to change.

Investment strategy

The table below outlines the key investment strategy information for each ASB KiwiSaver Investment Fund.

	ASB KiwiSaver NZ Bank Deposit Fund	ASB KiwiSaver Conservative Fund	ASB KiwiSaver Moderate Fund	ASB KiwiSaver Balanced Fund	ASB KiwiSaver Growth Fund
Matching investor profile	Defensive	Conservative	Moderate	Balanced	Growth
Investment time frame	Short to medium-term	Medium to long-term	Medium to long-term	Long-term	Long-term
Matching risk/return profile	Lowest	Lower	Medium	Medium to high	High
Proportion of income assets	100%	80%	60%	40%	20%
Proportion of growth assets	0%	20%	40%	60%	80%

Breakdown of current benchmark investment asset mix

	ASB KiwiSaver NZ Bank Deposit Fund	ASB KiwiSaver Conservative Fund	ASB KiwiSaver Moderate Fund	ASB KiwiSaver Balanced Fund	ASB KiwiSaver Growth Fund
Cash	100%	25%	12%	5%	2%
NZ Fixed Interest	0%	25%	21%	16%	6%
World Fixed Interest	0%	30%	27%	19%	12%
Property	0%	0%	9%	10%	10%
Australasian Shares	0%	9%	14%	20%	25%
World Shares	0%	11%	17%	30%	45%

The investment mix may change from time to time.

If you're looking for a wider range of investment funds or active investment management, ASB Group Investments also offers the FirstChoice KiwiSaver Scheme - visit www.firstchoiceinvestments.co.nz for more information and an Investment Statement.