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Kiwibank KiwiSaver Scheme

Fees

The following are the fees and costs you pay in relation to the Kiwibank KiwiSaver Scheme (the fees and costs you pay in relation to the Gareth Morgan Kiwisaver Scheme are available at www.gmi.co.nz):

Administration fee	The fee for the administration of your accounts in the Kiwibank KiwiSaver Scheme. $1 per calendar month.
Management fee - Classic	The fee for the management of each Fund in Classic. Cash Fund 0.45% p.a. Conservative Fund 0.85% p.a. Balanced Fund 1.00% p.a. Growth Fund 1.20% p.a.
Management fee - Self Managed	The fee for the management of each Fund in Self Managed. Cash Fund 0.45% p.a. NZ Fixed Interest Fund 0.85% p.a. Global Fixed Interest Fund 1.00% p.a. Listed Property Fund 1.20% p.a. Australasian Share Fund 1.20% p.a. Global Share Fund 1.20% p.a.
Switch fee	The fee to change Investment Options, change Funds, or, if you've chosen Self Managed, to move money between Funds or change the allocation of contributions you've already made. $25 for the third and each subsequent qualifying change you make in any 12 month period commencing on your enrolment date or the anniversary of your enrolment date, as applicable.

The management fee is calculated as a percentage of the gross asset value of each Fund on each valuation day and is reflected in that Fund's unit price. The management fee for each Fund doesn't include direct or indirect costs of buying, selling or investing in assets; extraordinary fees and expenses; or performance fees charged by the underlying fund(s) into which the Fund directly or indirectly invests. All fees are stated on a GST exclusive basis. Further information on fees and charges is set out in the Investment Statement for the Kiwibank KiwiSaver Scheme. Trustees Executors Limited is the Trustee of the Kiwibank KiwiSaver Scheme. Kiwibank Investment Management Limited is the Issuer and Manager of the Kiwibank KiwiSaver Scheme. Kiwibank Limited and each of its directors are Promoters of the Kiwibank KiwiSaver Scheme. Units in the Kiwibank KiwiSaver Scheme do not represent deposits or other liabilities of Kiwibank Limited. Download the Investment Statement for the Kiwibank KiwiSaver Scheme (PDF 1.3 MB) or pick up a copy from your local Kiwibank. Fees effective as at 1 April 2013. Fees subject to change.