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Is Nikko expensive?

Nikko's funds average 1.33% in annual fees versus a peer median of 0.80% across all NZ KiwiSaver scheme funds. 17 of 18 Nikko funds charge above their fund-type peer median; 1 charge below.

General Information Only: This page provides factual data for comparison purposes and does not constitute financial advice. Individual circumstances vary.Read our disclosure

Per-fund fee vs peer median

FundTypeAnnual feePeer medianΔ vs medianCohort size
GoalsGetter Generate Focused Growth FundAggressive1.71%0.85%+0.86 pp124
GoalsGetter Generate Balanced FundBalanced1.65%0.84%+0.80 pp74
GoalsGetter Harbour Sustainable Impact FundBalanced1.61%0.84%+0.77 pp74
GoalsGetter Generate Thematic FundAggressive1.59%0.85%+0.74 pp124
GoalsGetter Amova ARK Disruptive Innovation FundAggressive1.53%0.85%+0.68 pp124
GoalsGetter Milford Balanced FundBalanced1.49%0.84%+0.65 pp74
GoalsGetter Pathfinder Ethical Growth FundGrowth1.61%1.00%+0.61 pp62
GoalsGetter Amova Global Shares FundAggressive1.43%0.85%+0.58 pp124
GoalsGetter Amova Growth FundGrowth1.51%1.00%+0.51 pp62
GoalsGetter Amova SRI Equity FundAggressive1.23%0.85%+0.38 pp124
GoalsGetter Salt Sustainable Growth FundGrowth1.38%1.00%+0.38 pp62
GoalsGetter Milford Active Growth FundGrowth1.35%1.00%+0.35 pp62
GoalsGetter Harbour Active Growth FundGrowth1.33%1.00%+0.33 pp62
GoalsGetter Amova NZ Corporate Bond FundDefensive0.80%0.54%+0.26 pp48
GoalsGetter Amova Balanced FundGrowth1.22%1.00%+0.22 pp62
GoalsGetter Milford Conservative FundConservative1.05%0.84%+0.21 pp44
GoalsGetter Amova Conservative FundConservative1.05%0.84%+0.21 pp44
GoalsGetter Amova NZ Cash FundDefensive0.40%0.54%-0.14 pp48

pp = percentage points. Peer median computed across all NZ KiwiSaver scheme funds of the same fund-type, excluding Nikko. Sourced from FMA-filed Quarterly Fund Updates.

Cheaper peer-class alternatives

For each Nikko fund, the three cheapest peer-class alternatives in the same fund-type cohort. Mechanical fee comparison only — does not factor in returns, risk, manager skill, or asset-allocation differences.

GoalsGetter Generate Focused Growth Fund (1.71% — Aggressive)
GoalsGetter Generate Balanced Fund (1.65% — Balanced)
GoalsGetter Harbour Sustainable Impact Fund (1.61% — Balanced)
GoalsGetter Generate Thematic Fund (1.59% — Aggressive)
GoalsGetter Amova ARK Disruptive Innovation Fund (1.53% — Aggressive)
GoalsGetter Milford Balanced Fund (1.49% — Balanced)
GoalsGetter Pathfinder Ethical Growth Fund (1.61% — Growth)
GoalsGetter Amova Global Shares Fund (1.43% — Aggressive)
GoalsGetter Amova Growth Fund (1.51% — Growth)
GoalsGetter Amova SRI Equity Fund (1.23% — Aggressive)
GoalsGetter Salt Sustainable Growth Fund (1.38% — Growth)
GoalsGetter Milford Active Growth Fund (1.35% — Growth)
GoalsGetter Harbour Active Growth Fund (1.33% — Growth)
GoalsGetter Amova NZ Corporate Bond Fund (0.80% — Defensive)
GoalsGetter Amova Balanced Fund (1.22% — Growth)
GoalsGetter Milford Conservative Fund (1.05% — Conservative)
GoalsGetter Amova Conservative Fund (1.05% — Conservative)
GoalsGetter Amova NZ Cash Fund (0.40% — Defensive)

Frequently asked questions

How do Nikko's fees compare to other NZ KiwiSaver schemes?

Nikko's funds average 1.33% in annual fees versus a peer median of 0.80% across all NZ KiwiSaver scheme funds. 17 of 18 Nikko funds charge above their fund-type peer median; 1 charge below.

What is the peer median fee for a NZ KiwiSaver scheme fund?

Across all NZ KiwiSaver scheme funds in our coverage, the median annual fee is 0.80%. Median is shown rather than average because a small number of very-high-fee funds would distort the average.

Why does fee level matter for KiwiSaver members?

Illustrative — fees compound across multi-decade investment horizons. A sample sub-1-percentage-point annual-fee difference on a sample balance can compound to a material foregone end-balance over 30 years. Mechanical illustration only — past performance is not a reliable indicator of future returns.

Important Information

Disclaimer: This page provides general information only and does not constitute financial advice under the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider (FAP).

We do not assess suitability, make recommendations, or provide personalised advice. The information shown is sourced from publicly available data and may not reflect current offerings. Past performance is not a reliable indicator of future returns. Investment returns can be negative, and you may receive back less than you invested.

Before making any decisions: Always verify current information directly with the relevant KiwiSaver provider and read their Product Disclosure Statement (PDS).

Need personalised advice? Consult a licensed Financial Advice Provider. Find advisers at fma.govt.nz

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