KiwiSaver Scheme Funds Over 1.0% Fees
Higher-fee funds, typically actively managed. These funds must significantly outperform to justify their costs.
Average Fees
1.13%
Annual management fee
Average Returns
2.27%
5-year average
Funds Found
50
In this fee bracket
Illustrative Fee Impact Over 30 Years
High fee impact. Illustrative — on a sample balance of $50,000 over a 30-year horizon, a sustained sub-1-percentage-point fee gap compounds to a five- to six-figure swing in final balance.
Hypothetical compounding mechanics — illustrative only. Actual outcomes depend on real fund net-fee returns, real contributions, and PIE tax. Past performance is not a guarantee of future results.
Compounding effect: each year's fees reduce both the in-period balance and the growth that balance could otherwise generate. Across a 30-year horizon, sustained percentage-point fee differences translate to materially different final balances. Use the fees-impact calculator to model your own situation.
Why Fees Matter
Fees compound against you
While your investment compounds positively, fees compound negatively. A 1% fee doesn't just take 1% of your balance - it takes 1% of your balance every year, reducing the amount that can compound for you.
Small differences add up
The percentage-point difference between a sample 0.3% TAFC and a sample 0.8% TAFC looks small in any single year, but compounds over multi-decade horizons. Illustrative — on a sample $50,000 balance over 30 years, the compounded fee gap can be a five-figure swing in final balance.
Fees are guaranteed, returns are not
You pay fees regardless of performance. In years when the market is down, you still pay the same percentage. Lower fees mean more of your money stays invested.
All Funds Over 1.0% Fees
Sorted by fees (lowest first), showing returns and fund details
Australasian Property Fund
ANZ
Pathfinder Kiwisaver Conservative Fund
Pathfinder
Investnow Salt Enhanced Property Fund
Fundrock
Investnow Fisher Funds Growth Fund
Fundrock
Capital Guaranteed Fund
Booster
Investnow Harbour Active Growth Fund
Fundrock
Balanced Fund
Fisher
Goalsgetter Amova Conservative Fund
Nikko
Investnow Milford Active Growth Fund
Fundrock
Lifestages Auto Option Age 55 - 59
SBS
Milford Kiwisaver Balanced Fund
Milford
Milford Kiwisaver Active Growth Fund
Milford
Investnow Milford Balanced Fund
Fundrock
Superlife Moderate Fund
AMP
Investnow Clarity Global Shares Fund
Fundrock
Investnow Castle Point Trans-Tasman Fund
Fundrock
Global Select Conservative Fund
AMP
Moderate Fund
Booster
Investnow Salt Sustainable Growth Fund
Fundrock
Lifestages Auto Option Age 50 - 54
SBS
Asset Class Conservative Fund
Booster
Quaystreet Socially Responsible Investment Fund
Smartshares
Quaystreet Balanced Fund
Smartshares
Superlife Balanced Fund
AMP
Growth Fund
Fisher
Glidepath Age 55
Fisher
Investnow Milford Aggressive Fund
Fundrock
Sharesies Milford Aggressive Fund
Sharesies
Milford Kiwisaver Aggressive Fund
Milford
SBS Wealth High Growth Fund
SBS
Superlife Growth Fund
AMP
Lifestages Auto Option Age 0 - 49
SBS
Goalsgetter Milford Conservative Fund
Nikko
Investnow Castle Point 5 Oceans Fund
Fundrock
Global Select Balanced Growth Fund
AMP
Pie Kiwisaver Aggressive Fund
Pie
Investnow Harbour T. Rowe Price Global Equity Fund
Fundrock
Investnow Mint Australasian Equity Fund
Fundrock
Nz Property Fund
Koura
Investnow Harbour Australasian Equity Focus Fund
Fundrock
Balanced Fund
Booster
Clean Energy Fund
Koura
Investnow Mint Diversified Growth Fund
Fundrock
Strategic High Growth Fund
Koura
Bitcoin Fund
Koura
Investnow Antipodes Global Value Fund
Fundrock
Stepping Stones Growth 76+
Generate
Conservative Fund
Generate
Socially Responsible Moderate Fund
Booster
Stepping Stones 76+
Generate
Who Should Choose Over 1.0% Fees?
Only if the fund consistently outperforms lower-fee alternatives by more than the fee difference
Compare every fund on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
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Important Information and Disclosure
The information provided on this website is not a recommendation to buy, sell, or hold any financial products. Nothing on this website constitutes financial advice for the purposes of the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider.
Investing involves risk. The value of your investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
Before making any investment decision, you should read the Product Disclosure Statement (PDS) for the fund carefully. If you have questions or are unclear about the implications of your investment decision, you should seek advice from a licensed Financial Advice Provider.
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