Annual fee load vs peer-class median
Is the Milford Global Equity Fund expensive?
Milford Global Equity Fund charges 1.35% p.a. in annual fund charges, versus a peer-class median of 0.61% across 81 New Zealand international equities funds. On fee alone it is pricier than 88% 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).
Milford Global Equity Fund
NZ$657
at 1.35% p.a.
Peer-class median
NZ$301
at 0.61% p.a.
Difference vs median: +NZ$356 over 5 years on NZ$10K.
8 cheaper peers in the same category
International Equities funds with a lower annual fund charge than Milford Global Equity Fund, ordered cheapest first. All figures from FMA Disclose Quarterly Fund Updates.
| Fund | Annual charge | vs Milford Global Equity Fund |
|---|---|---|
| Foundation Series US 500 Fund Foundation Series | 0.03% | −1.32pp |
| Foundation Series Hedged US 500 Fund Foundation Series | 0.03% | −1.32pp |
| Foundation Series US Dividend Equity Fund Foundation Series | 0.06% | −1.29pp |
| Foundation Series Total World Fund Foundation Series | 0.07% | −1.28pp |
| Foundation Series Hedged Total World Fund Foundation Series | 0.07% | −1.28pp |
| Foundation Series Global ESG Fund Foundation Series | 0.10% | −1.25pp |
| Foundation Series Nasdaq-100 Fund Foundation Series | 0.15% | −1.20pp |
| Simplicity Hedged Global Share Fund Simplicity | 0.15% | −1.20pp |
What fee level should I expect?
For the international equities cohort across NZ retail managed funds, the annual fund charge spans roughly 0.03% at the cheapest to 4.38% at the priciest, with a median of 0.61% across 81 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 Milford Global Equity Fund?
Milford Global Equity Fund charges 1.35% per annum, per the latest Quarterly Fund Update on the FMA Disclose register.
How does Milford Global Equity Fund's fee compare with peer international equities funds in New Zealand?
The peer-class median annual charge across 81 New Zealand international equities funds is 0.61%. Milford Global Equity Fund sits at 1.35% — pricier than the median (cheaper than 12% of peers).
What does the annual charge cost over 5 years on a NZ$10,000 investment?
At 1.35% 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$657. That is NZ$356 more than the peer-class median fee-drag of NZ$301.
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.