Manager head-to-head
Harbour vs Summer
Two NZ fund managers, side by side: retail fund lineups, median fees, median 5-year after-fee returns and assets under management — every figure from FMA Disclose data. No winner declared; the numbers are the comparison.
Harbour
- Retail funds
- 19
- Median fee
- 0.99%
- Median 5y return
- 1.51%
- Tracked AUM
- NZ$4.0b
Summer
- Retail funds
- 8
- Median fee
- 1.02%
- Median 5y return
- 3.02%
- Tracked AUM
- NZ$321m
Medians span different asset classes and risk levels — they are context, not a ranking. The per-category table below compares like with like. Past performance is not a reliable indicator of future returns.
Median fee where both compete
| Category | Harbour | Summer |
|---|---|---|
| Diversified | 0.97% (4) | 1.02% (3) |
| Cash | 0.26% (1) | 0.62% (1) |
| International Equities | 1.11% (4) | 1.02% (1) |
| Australasian Equities | 1.11% (6) | 1.02% (1) |
| Listed Property | 0.77% (1) | 1.02% (1) |
Harbour — largest funds
- Harbour NZ Index Shares Fundfee 0.21%5y 0.12%NZ$679m
- Harbour NZ Corporate Bond Fundfee 0.47%5y 1.57%NZ$619m
- Harbour T. Rowe Price Global Equity Fundfee 1.21%5y 5.66%NZ$599m
- Harbour Sustainable NZ Shares Fundfee 0.27%5y 0.15%NZ$380m
- Harbour Income Fundfee 0.66%5y 3.18%NZ$294m
- Harbour NZ Core Fixed Interest Fundfee 0.66%5y 1.13%NZ$289m
Summer — largest funds
Common questions
Which charges lower fees — Harbour or Summer?
Across funds with a reported annual fund charge, the median is 0.99% for Harbour and 1.02% for Summer. Medians hide spread — the per-category table on this page compares like with like, and each fund page shows its exact charge with the source document.
Which has performed better?
The median reported 5-year after-fees return is 1.51% across Harbour's funds and 3.02% across Summer's. These medians mix different asset classes and risk levels, so they are context, not a verdict — compare same-category funds on the leaderboard, and remember past performance is not a reliable indicator of future returns.
Where do these figures come from?
Annual fund charges, 5-year returns and fund sizes are mirrored from FMA Disclose register data via Sorted Smart Investor. Every fund page linked from this comparison shows the underlying disclosure documents.
Mechanical comparison of disclosed figures — no opinion or recommendation. ManagedFundsNZ is not a Financial Advice Provider. Read each fund's current PDS and consider speaking to a licensed financial adviser.