How are the fees calculated on my annual statement?
How are the fees calculated on my annual statement?
On your annual member statement we calculate the fees that you've been charged during the year using the 'cents per unit' methodology. Our investment management fee represents a small fraction of the daily unit price. This small fraction is multiplied by your daily balance and the total of these amounts accumulated throughout the year is shown on your member statement against the heading 'Management and administration charges'.
Please note that on 1 April 2023 our investment management fee reduced from 0.30% to 0.29%. On 28 April 2023 other management and administration charges of 0.01% were removed, and on 1 February 2024 the fee dropped further to 0.25%. The annual member statement produced as at 31 March 2023 displays our previous fee of 0.31%.
Our membership fee of $1.67 per month was removed from December 2021.
Investment Fund annual statements are sent via email in early May. If you also have a KiwiSaver fund, these annual statements are sent in late May. You can also see your statement/s when you log in to your Simplicity account, under the ...
All of our diversified funds have the same annual fee: $2.50 for every $1000 invested (0.25%). Our Global Share and Bond funds charge 0.15% p.a., or $1.50 for every $1000 invested. The NZ Cash, Share and Bond funds charge $1 for every $1000 invested ...
Simplicity investment funds are structured as PIEs. PIE stands for Portfolio Investment Entity. A PIE invests the contributions from its investors in different types of investment. The tax rate for your investment earnings from a PIE is referred to ...
A quarterly fund update will be published on our website, detailing our Funds' performance. An annual report will be emailed to members directly. Members can also log on to their online account here and track the performance of their fund/s since the ...
Simplicity has ten investment fund options outside of our KiwiSaver scheme. In addition to our four diversified investment funds - Conservative, Balanced, Growth and High Growth funds (0.25% p.a., or $2.50 for every $1000 invested), we have six ...