Annual fee load vs peer-class median
Is the SBS Wealth Balanced Strategy expensive?
SBS Wealth Balanced Strategy charges 1.03% p.a. in annual fund charges, versus a peer-class median of 0.99% across 67 New Zealand diversified funds. On fee alone it is pricier than 57% 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).
SBS Wealth Balanced Strategy
NZ$504
at 1.03% p.a.
Peer-class median
NZ$485
at 0.99% p.a.
Difference vs median: +NZ$19 over 5 years on NZ$10K.
8 cheaper peers in the same category
Diversified funds with a lower annual fund charge than SBS Wealth Balanced Strategy, ordered cheapest first. All figures from FMA Disclose Quarterly Fund Updates.
| Fund | Annual charge | vs SBS Wealth Balanced Strategy |
|---|---|---|
| Simplicity Conservative Investment Fund Simplicity | 0.25% | −0.78pp |
| Simplicity Balanced Investment Fund Simplicity | 0.25% | −0.78pp |
| Simplicity Growth Investment Fund Simplicity | 0.25% | −0.78pp |
| Simplicity High Growth Investment Fund Simplicity | 0.25% | −0.78pp |
| Simplicity Homes and Income Investment Fund Simplicity | 0.25% | −0.78pp |
| Kernel Conservative Fund Kernel | 0.25% | −0.78pp |
| Kernel Balanced Fund Kernel | 0.25% | −0.78pp |
| Kernel High Growth Fund Kernel | 0.25% | −0.78pp |
What fee level should I expect?
For the diversified cohort across NZ retail managed funds, the annual fund charge spans roughly 0.25% at the cheapest to 2.14% at the priciest, with a median of 0.99% across 67 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 SBS Wealth Balanced Strategy?
SBS Wealth Balanced Strategy charges 1.03% per annum, per the latest Quarterly Fund Update on the FMA Disclose register.
How does SBS Wealth Balanced Strategy's fee compare with peer diversified funds in New Zealand?
The peer-class median annual charge across 67 New Zealand diversified funds is 0.99%. SBS Wealth Balanced Strategy sits at 1.03% — pricier than the median (cheaper than 43% of peers).
What does the annual charge cost over 5 years on a NZ$10,000 investment?
At 1.03% 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$504. That is NZ$19 more than the peer-class median fee-drag of NZ$485.
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.