# milford KiwiSaver Scheme — PDS history

Every extracted Product Disclosure Statement for the milford KiwiSaver Scheme, newest first. 7 PDS versions on file (period range: 2017-03-31 → 2025-06-18). Sourced from the FMA Disclose register (https://disclose-register.companiesoffice.govt.nz/) plus the provider's own website + Wayback Machine archives where applicable.

**Information only — not financial advice (FMCA s23 / Schedule 1).** PDS values are extracted verbatim from each PDF; always verify against the source PDS on FMA Disclose before relying on any of this.

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## PDS effective 2025-06-18

- **Management fee:** 0.20
- **Member fee:** 105
- **Performance fee:** 10%* over the minimum recommended
investment timeframe
- **Supervisor:** Trustees Executors Limited

No tracked-field changes vs prior PDS (effective 2024-06-30).

---

## PDS effective 2024-06-30

- **Management fee:** 0.20
- **Member fee:** 105
- **Performance fee:** 10%* over the minimum recommended
investment timeframe
- **Supervisor:** Trustees Executors Limited

No tracked-field changes vs prior PDS (effective 2023-06-30).

---

## PDS effective 2023-06-30

- **Management fee:** 0.20
- **Member fee:** 105
- **Performance fee:** 10%* over the minimum recommended
investment timeframe
- **Supervisor:** Trustees Executors Limited

**Changed from prior PDS (effective 2021-06-30):**

  - Member fee: 18 → 105
  - Performance fee: 10%* over
the minimum recommended investment
timeframe → 10%* over the minimum recommended
investment timeframe

---

## PDS effective 2021-06-30

- **Management fee:** 0.20
- **Member fee:** 18
- **Performance fee:** 10%* over
the minimum recommended investment
timeframe
- **Supervisor:** Trustees Executors Limited

**Changed from prior PDS (effective 2020-03-31):**

  - Member fee: 36 → 18
  - Performance fee: 10%* over the minimum
recommended investment
timeframe → 10%* over
the minimum recommended investment
timeframe

---

## PDS effective 2020-03-31

- **Management fee:** 0.20
- **Member fee:** 36
- **Performance fee:** 10%* over the minimum
recommended investment
timeframe
- **Supervisor:** Trustees Executors Limited

**Changed from prior PDS (effective 2019-03-31):**

  - Management fee: 0.95 → 0.20
  - Member fee: 113 → 36
  - Performance fee: 10%** over the minimum
recommended investment
timeframe → 10%* over the minimum
recommended investment
timeframe

---

## PDS effective 2019-03-31

- **Management fee:** 0.95
- **Member fee:** 113
- **Performance fee:** 10%** over the minimum
recommended investment
timeframe
- **Supervisor:** Trustees Executors Limited

**Changed from prior PDS (effective 2017-03-31):**

  - Management fee: (unset) → 0.95
  - Buy/sell spread: 0.20 → (unset)
  - Member fee: (unset) → 113
  - Performance fee: 15.35% p → 10%** over the minimum
recommended investment
timeframe
  - Custodian: BNZ → (unset)
  - Supervisor: Public Trust → Trustees Executors Limited

---

## PDS effective 2017-03-31

- **Buy/sell spread:** 0.20
- **Performance fee:** 15.35% p
- **Custodian:** BNZ
- **Supervisor:** Public Trust

---

## Sources + related surfaces

- **FMA Disclose register:** https://disclose-register.companiesoffice.govt.nz/
- **Structured JSON:** https://fundcompare.co.nz/api/pds/milford/facts.json
- **HTML per fund:** https://fundcompare.co.nz/funds/milford/{fund-slug}/pds-history
- **MCP tool:** `get_pds_history({ scheme: "milford" })` at https://fundcompare.co.nz/mcp
- **Atom feed:** https://fundcompare.co.nz/changes/milford/feed.atom