Annual fee load vs peer-class median
Is the NZ Funds New Zealand and Australian Bonds expensive?
NZ Funds New Zealand and Australian Bonds charges 1.44% 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 96% 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).
NZ Funds New Zealand and Australian Bonds
NZ$700
at 1.44% p.a.
Peer-class median
NZ$309
at 0.63% p.a.
Difference vs median: +NZ$391 over 5 years on NZ$10K.
8 cheaper peers in the same category
NZ Fixed Interest funds with a lower annual fund charge than NZ Funds New Zealand and Australian Bonds, ordered cheapest first. All figures from FMA Disclose Quarterly Fund Updates.
| Fund | Annual charge | vs NZ Funds New Zealand and Australian Bonds |
|---|---|---|
| Simplicity NZ Bond Fund Simplicity | 0.10% | −1.34pp |
| Kernel NZ Bond Fund Kernel | 0.40% | −1.04pp |
| ANZ Investments OneAnswer New Zealand Fixed Interest Fund ANZ Investments | 0.46% | −0.98pp |
| Harbour NZ Corporate Bond Fund Harbour | 0.47% | −0.97pp |
| Russell Investments NZ Fixed Interest Fund Russell Investments | 0.49% | −0.95pp |
| Smart NZ Bond ETF Smartshares | 0.54% | −0.90pp |
| Mercer Macquarie NZ Fixed Interest Fund Mercer | 0.60% | −0.84pp |
| Milford Trans-Tasman Bond Fund Milford | 0.65% | −0.79pp |
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 NZ Funds New Zealand and Australian Bonds?
NZ Funds New Zealand and Australian Bonds charges 1.44% per annum, per the latest Quarterly Fund Update on the FMA Disclose register.
How does NZ Funds New Zealand and Australian Bonds'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%. NZ Funds New Zealand and Australian Bonds sits at 1.44% — pricier than the median (cheaper than 4% of peers).
What does the annual charge cost over 5 years on a NZ$10,000 investment?
At 1.44% 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$700. That is NZ$391 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.