Annual fee load vs peer-class median
Is the Smart Global Aggregate Bond ETF expensive?
Smart Global Aggregate Bond ETF charges 0.30% p.a. in annual fund charges, versus a peer-class median of 0.70% across 31 New Zealand international fi funds. On fee alone it is cheaper than 87% 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).
Smart Global Aggregate Bond ETF
NZ$149
at 0.30% p.a.
Peer-class median
NZ$345
at 0.70% p.a.
Difference vs median: NZ$-196 over 5 years on NZ$10K.
3 cheaper peers in the same category
International FI funds with a lower annual fund charge than Smart Global Aggregate Bond ETF, ordered cheapest first. All figures from FMA Disclose Quarterly Fund Updates.
| Fund | Annual charge | vs Smart Global Aggregate Bond ETF |
|---|---|---|
| Simplicity Hedged Global Bond Fund Simplicity | 0.15% | −0.15pp |
| Dimensional Two-Year Sustainability Fixed Interest PIE Fund Dimensional | 0.25% | −0.05pp |
| Dimensional Five-Year Diversified Fixed Interest PIE Fund Dimensional | 0.28% | −0.02pp |
What fee level should I expect?
For the international fi cohort across NZ retail managed funds, the annual fund charge spans roughly 0.15% at the cheapest to 2.51% at the priciest, with a median of 0.70% across 31 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 Smart Global Aggregate Bond ETF?
Smart Global Aggregate Bond ETF charges 0.30% per annum, per the latest Quarterly Fund Update on the FMA Disclose register.
How does Smart Global Aggregate Bond ETF's fee compare with peer international fi funds in New Zealand?
The peer-class median annual charge across 31 New Zealand international fi funds is 0.70%. Smart Global Aggregate Bond ETF sits at 0.30% — cheaper than 87% of peers.
What does the annual charge cost over 5 years on a NZ$10,000 investment?
At 0.30% 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$149. That is NZ$196 less than the peer-class median fee-drag of NZ$345.
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.