Many thanks folks for your sharings.A wealth of Health to all.
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Many thanks folks for your sharings.A wealth of Health to all.
I understand that the returns from Gareth Morgan have been less than stella, despite his constant criticism of his competitors.
However, it sounds like Fungus Pudding has such a small amount in Kiwisaver that it is not worth changing, given his proximity to retirement (access to the funds and in particular, all the government contributions) and the fact that if he moves elsewhere for such a short time, they may perform just as badly (better the devil you know ...).
OK Head to head Superlife NZ Shares: Hellaby NZ Ryman Healthcare NZ
Ebos NZ
Skellerup Holdings NZ
Auckland Int'l Airport NZ Mainfreight NZ Freightways NZ
Fletcher Building NZ F&P Appliances NZ
Sky Network TV NZ Westpac NZ Chorus Limited NZ
ANZ Bank NZ Methven Limited NZ Pacific Edge NZ Sky City NZ Delegat's Group NZ
F&P Healthcare NZ
Abano Healthcare NZ Nuplex NZ
Cavalier NZ
Rakon NZ
Oceana Gold NZ
Cue Energy Resource Ltd
And Milford Growth EBOS (NZ) 4.9% Mainfreight (NZ) 1.4% Invocare (AUST) 1.0%
Ryman Healthcare (NZ) 4.7% Cromwell Group (AUST) 1.4% Auckland Airport (NZ) 0.9%
Diligent (NZ) 4.5% Tower (NZ) 1.3% Coca-Cola Amatil (AUST) 0.9%
Delegat’s (NZ) 2.9% APA Group (AUST) 1.3% Amcor (AUST) 0.9%
Telecom (NZ) 2.9% Sky City (NZ) 1.3% Briscoes Group (NZ) 0.9%
Turners Auctions (NZ) 2.4% Ecoya (NZ) 1.3% Xero (NZ) 0.9%
Spark Infrastructure (AUST) 2.3% Ramsay Health Care (AUST) 1.3% Mirvac (AUST) 0.9%
Chorus (NZ) 2.1% Fletcher Building (NZ) 1.2% Infratil (NZ) 0.8%
Restaurant Brands (NZ) 1.9% Ecoya (NZ) 1.2%
Trade Me Group (NZ) 1.7% Kauri Property Trust (NZ) 1.1% Various Other Holdings* 17.9%
Telstra (AUST) 1.6% Tourism Holdings (NZ) 1.1% Bonds 7.1%
Sky TV (NZ) 1.5% Oil Search (AUST) 1.1% Cash 19.4%
And I guess superlife Aust - though I see Milfords biggest holding is 20% CASH
Coca-Cola Amatil Ltd 4.8%
Monadelphous Group Ltd 4.7%
AGL Energy AUST 4.7%
Campbell Brothers AUST 4.6%
Resmed INC AUST 4.6%
Sonic Healthcare AUST 4.5%
Woolworths AUST 4.5%
BHP Billiton AUST 4.5%
Wesfarmers AUST 4.4%
ANZ AUST 4.4%
Amcor AUST 4.3%
Sydney Airport AUST 4.2%
Ansell AUST 4.1%
Westpac Banking AUST 4.0%
QBE Insurance Group AUST 3.8%
Silver Lake Resources AUST 3.8%
Suncorp AUST 3.6%
Fortescue Metals AUST 3.4%
Brambles AUST 3.4%
Over 3 yrs Superlife NZ shares 3yrs 11.1% Aust shares 4.2% Milford Growth 10%
Fees Superlife 1. The administration fee is a net $33 a year that is deducted at the rate of $2.75 a month.
2. Percentage of asset fee
The percentage of asset fee charged by SuperLife is 0.2% p.a. of assets. This is deducted off the investment return before the return is credited to your KiwiSaver Account.
Investment management
SuperLife implements the investment option decisions of its KiwiSaver members, by investing in the equivalent investment option under SuperLife’s superannuation scheme (“SLSS”). This is a separate registered superannuation scheme that is part of the SuperLife offering. The investment management fees are the fees under this scheme - no investment management fees are deducted from the SLKS.
The current investment fees charged by the investment managers before the returns are paid to SuperLife's KiwiSaver scheme are:
Pool
Before-tax investment management fees (p.a.)
Cash 0.30%
NZ bonds
0.33%
Overseas govt. bonds 0.34%
Overseas non-govt. bonds
0.38%
Property 0.40%
NZ shares 0.40%
Australian shares 0.40%
Overseas shares (currency hedged) 0.36%
Overseas shares (unhedged) 0.35%
Milford Milford KiwiSaver Plan Fee Structure
Milford Active Growth Fund
Member Registry and Administration Fee
$36 per annum
Management Fee 1.05%
This includes all Fund operating costs including; Trustee, custodial, accounting, unit pricing, audit and other expenses. Management Fees are rebated where the Active Growth Fund invests into the Milford Active Growth Unit Trust Fund.
Performance Fee
15% of the performance of the Active Growth Unit Trust Fund (after deducting the management fee) above the target return of 10.0% per annum is potentially payable to Milford.
Milford is active and Superlife passive although you can switch as often as you like between many classes so you could be active.
I am with Superlife but could be tempted to leave it to Mr Gaynors team - if I was to be more hands off.