Reducing some of our fees to help your investment grow
1 August 2024
We’ve further reduced fees across some of our funds – just one of the ways we aim to ensure your fees give you great value for money.
Fee reductions from 1 August 2024
We’re pleased to announce a range of fee reductions across our OneAnswer KiwiSaver Scheme, OneAnswer Multi-Asset-Class Funds, and OneAnswer Single-Asset-Class Funds.
Six funds within our OneAnswer KiwiSaver Scheme have had their fees reduced, with reductions ranging from 0.02% to 0.04%. Our largest reductions apply to the Growth Fund, High Growth Fund, and International Share Fund, whose fees have reduced by 0.04%.
Five funds in our OneAnswer Multi-Asset-Class Funds have had their fees reduced, with the High Growth Fund and Growth Fund reducing by 0.04%.
And for our OneAnswer Single-Asset-Class Funds, the fees for the International Share Fund and Balanced Growth Fund have reduced by 0.04% and 0.03% respectively.
This table shows a full breakdown of fee reductions.
Reduction | New annual fund charge for OneAnswer KiwiSaver Scheme | New annual fund charge for OneAnswer Multi-Asset-Class Funds | New annual fund charge for OneAnswer Single-Asset-Class Funds | |
|---|---|---|---|---|
High Growth Fund | 0.04% | 0.99% | 1.03% | n/a |
Growth Fund | 0.04% | 0.99% | 1.03% | n/a |
Balanced Growth Fund | 0.03% | 0.95% | 0.99% | 0.99% |
Balanced Fund | 0.02% | 0.91% | 0.95% | n/a |
Conservative Balanced Fund | 0.02% | 0.76% | 0.80% | n/a |
International Share Fund | 0.04% | 1.00% | n/a | 1.06% |
Committed to giving you value for money
These changes are the latest in a series of fee reductions across our funds over the years. In 2021, we removed all KiwiSaver membership fees, and reduced fees for some of our funds, and just last year we reduced the annual fund charge across most of our funds, with reductions ranging from 0.01% to 0.15% – even more support to help your investment grow.
Our focus on long-term performance
Reducing fees is just one of the ways we seek to ensure your fees provide great value for money. Our considered investment approach is another.
As one of the largest fund managers in Aotearoa, our experienced investment management team works with carefully chosen external fund managers. Together, we take a disciplined and consistent approach to managing investments with a focus on long-term performance. While some of our fees have shrunk, our commitment to providing good investment outcomes remains as strong as ever.
Important information
ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the OneAnswer KiwiSaver Scheme, OneAnswer Single-Asset-Class Funds and OneAnswer Multi-Asset-Class Funds (together, the 'schemes'). Important information is available under terms and conditions. Download the guide and product disclosure statement from our documents and forms page.
ANZ Investments is not an authorised deposit taking institution (ADI) under Australian law and investments in the schemes aren’t deposits in or liabilities of ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited, or their subsidiaries (together ‘ANZ Group’). ANZ Group doesn’t stand behind or guarantee ANZ Investments. Investments in the schemes are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group won’t be liable to you for the capital value or performance of your investment.
Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.
This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 736 034, or for more information about ANZ’s financial advice service, see our financial advice provider disclosure statement (PDF 39.9KB).