Annual fee load vs peer-class median
Is the Fisher Funds Property & Infrastructure Fund expensive?
Fisher Funds Property & Infrastructure Fund charges 1.53% p.a. in annual fund charges, versus a peer-class median of 1.02% across 15 New Zealand listed property funds. On fee alone it is pricier than 83% 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).
Fisher Funds Property & Infrastructure Fund
NZ$742
at 1.53% p.a.
Peer-class median
NZ$500
at 1.02% p.a.
Difference vs median: +NZ$242 over 5 years on NZ$10K.
8 cheaper peers in the same category
Listed Property funds with a lower annual fund charge than Fisher Funds Property & Infrastructure Fund, ordered cheapest first. All figures from FMA Disclose Quarterly Fund Updates.
| Fund | Annual charge | vs Fisher Funds Property & Infrastructure Fund |
|---|---|---|
| Kernel NZ Commercial Property Fund Kernel | 0.25% | −1.28pp |
| Smart Australian Property ETF Smartshares | 0.54% | −0.99pp |
| Smart NZ Property ETF Smartshares | 0.54% | −0.99pp |
| Harbour Real Estate Investment Fund Harbour | 0.77% | −0.76pp |
| ANZ Investments OneAnswer International Property Fund ANZ Investments | 0.99% | −0.54pp |
| Pathfinder Global Property Fund Pathfinder | 1.00% | −0.53pp |
| Salt Enhanced Property Fund Salt | 1.02% | −0.51pp |
| Summer Listed Property Summer | 1.02% | −0.51pp |
What fee level should I expect?
For the listed property cohort across NZ retail managed funds, the annual fund charge spans roughly 0.25% at the cheapest to 2.52% at the priciest, with a median of 1.02% across 15 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 Fisher Funds Property & Infrastructure Fund?
Fisher Funds Property & Infrastructure Fund charges 1.53% per annum, per the latest Quarterly Fund Update on the FMA Disclose register.
How does Fisher Funds Property & Infrastructure Fund's fee compare with peer listed property funds in New Zealand?
The peer-class median annual charge across 15 New Zealand listed property funds is 1.02%. Fisher Funds Property & Infrastructure Fund sits at 1.53% — pricier than the median (cheaper than 17% of peers).
What does the annual charge cost over 5 years on a NZ$10,000 investment?
At 1.53% 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$742. That is NZ$242 more than the peer-class median fee-drag of NZ$500.
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.