Annual fee load vs peer-class median
Is the Milford Trans-Tasman Bond Fund expensive?
Milford Trans-Tasman Bond Fund charges 0.65% p.a. in annual fund charges, versus a peer-class median of 0.63% across 14 New Zealand nz fixed interest funds. On fee alone it is pricier than 54% 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 Trans-Tasman Bond Fund
NZ$321
at 0.65% p.a.
Peer-class median
NZ$309
at 0.63% p.a.
Difference vs median: +NZ$12 over 5 years on NZ$10K.
7 cheaper peers in the same category
NZ Fixed Interest funds with a lower annual fund charge than Milford Trans-Tasman Bond Fund, ordered cheapest first. All figures from FMA Disclose Quarterly Fund Updates.
| Fund | Annual charge | vs Milford Trans-Tasman Bond Fund |
|---|---|---|
| Simplicity NZ Bond Fund Simplicity | 0.10% | −0.55pp |
| Kernel NZ Bond Fund Kernel | 0.40% | −0.25pp |
| ANZ Investments OneAnswer New Zealand Fixed Interest Fund ANZ Investments | 0.46% | −0.19pp |
| Harbour NZ Corporate Bond Fund Harbour | 0.47% | −0.18pp |
| Russell Investments NZ Fixed Interest Fund Russell Investments | 0.49% | −0.16pp |
| Smart NZ Bond ETF Smartshares | 0.54% | −0.11pp |
| Mercer Macquarie NZ Fixed Interest Fund Mercer | 0.60% | −0.05pp |
What fee level should I expect?
For the nz fixed interest cohort across NZ retail managed funds, the annual fund charge spans roughly 0.10% at the cheapest to 1.44% at the priciest, with a median of 0.63% across 14 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 Trans-Tasman Bond Fund?
Milford Trans-Tasman Bond Fund charges 0.65% per annum, per the latest Quarterly Fund Update on the FMA Disclose register.
How does Milford Trans-Tasman Bond Fund's fee compare with peer nz fixed interest funds in New Zealand?
The peer-class median annual charge across 14 New Zealand nz fixed interest funds is 0.63%. Milford Trans-Tasman Bond Fund sits at 0.65% — pricier than the median (cheaper than 46% of peers).
What does the annual charge cost over 5 years on a NZ$10,000 investment?
At 0.65% 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$321. That is NZ$12 more than the peer-class median fee-drag of NZ$309.
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.