Annual fee load vs peer-class median
Is the Daintree Core Income PIE expensive?
Daintree Core Income PIE charges 0.73% p.a. in annual fund charges, versus a peer-class median of 0.70% across 31 New Zealand international fi funds. On fee alone it is pricier than 53% of peers.
Sorted Smart Investor (mirror of FMA Disclose Quarterly Fund Update)
$10,000 over 5 years — fee-only impact (worked example)
Compounded annual charge on a NZ$10,000 starting balance, assuming zero return and no tax (this isolates the fee cost the investor controls).
Daintree Core Income PIE
NZ$360
at 0.73% p.a.
Peer-class median
NZ$345
at 0.70% p.a.
Difference vs median: +NZ$15 over 5 years on NZ$10K.
8 cheaper peers in the same category
International FI funds with a lower annual fund charge than Daintree Core Income PIE, ordered cheapest first. All figures from FMA Disclose Quarterly Fund Updates.
| Fund | Annual charge | vs Daintree Core Income PIE |
|---|---|---|
| Simplicity Hedged Global Bond Fund Simplicity | 0.15% | −0.58pp |
| Dimensional Two-Year Sustainability Fixed Interest PIE Fund Dimensional | 0.25% | −0.48pp |
| Dimensional Five-Year Diversified Fixed Interest PIE Fund Dimensional | 0.28% | −0.45pp |
| Smart Global Aggregate Bond ETF Smartshares | 0.30% | −0.43pp |
| Kernel US Bond Fund Kernel | 0.30% | −0.43pp |
| Dimensional Global Bond Sustainability PIE Fund Dimensional | 0.32% | −0.41pp |
| Evidential Sustainable Global Bond Fund Evidential | 0.32% | −0.41pp |
| BetaShares Australian Investment Grade Corporate Bond Fund (NZD Hedged) BetaShares | 0.34% | −0.39pp |
What fee level should I expect?
For the international fi cohort across NZ retail managed funds, the annual fund charge spans roughly 0.15% at the cheapest to 2.51% at the priciest, with a median of 0.70% across 31 funds. Index/passive structures tend to sit at the lower end; active strategies at the higher end.
Frequently asked
What is the annual fund charge for Daintree Core Income PIE?
Daintree Core Income PIE charges 0.73% per annum, per the latest Quarterly Fund Update on the FMA Disclose register.
How does Daintree Core Income PIE's fee compare with peer international fi funds in New Zealand?
The peer-class median annual charge across 31 New Zealand international fi funds is 0.70%. Daintree Core Income PIE sits at 0.73% — pricier than the median (cheaper than 47% of peers).
What does the annual charge cost over 5 years on a NZ$10,000 investment?
At 0.73% per year and assuming the fee is the only cost (zero return, no tax), the compounded fee drag on NZ$10,000 over 5 years is approximately NZ$360. That is NZ$15 more than the peer-class median fee-drag of NZ$345.
Where does this fee figure come from?
The annual fund charge is published by the manager in the Quarterly Fund Update (QFU) on the FMA Disclose register and mirrored on Sorted Smart Investor. Each QFU is signed and dated; the figure refreshes each quarter.
Sources
Mechanical comparison of annual fund charge against peer-class median. Not regulated financial advice. For personalised advice consult a licensed financial adviser. See the methodology page for how this comparison is built.