Annual fee load vs peer-class median
Is the Smart Australian Property ETF expensive?
Smart Australian Property ETF charges 0.54% p.a. in annual fund charges, versus a peer-class median of 1.02% across 15 New Zealand listed property 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 Australian Property ETF
NZ$267
at 0.54% p.a.
Peer-class median
NZ$500
at 1.02% p.a.
Difference vs median: NZ$-233 over 5 years on NZ$10K.
1 cheaper peers in the same category
Listed Property funds with a lower annual fund charge than Smart Australian Property ETF, ordered cheapest first. All figures from FMA Disclose Quarterly Fund Updates.
| Fund | Annual charge | vs Smart Australian Property ETF |
|---|---|---|
| Kernel NZ Commercial Property Fund Kernel | 0.25% | −0.29pp |
What fee level should I expect?
For the listed property cohort across NZ retail managed funds, the annual fund charge spans roughly 0.25% at the cheapest to 2.52% at the priciest, with a median of 1.02% across 15 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 Australian Property ETF?
Smart Australian Property ETF charges 0.54% per annum, per the latest Quarterly Fund Update on the FMA Disclose register.
How does Smart Australian Property ETF's fee compare with peer listed property funds in New Zealand?
The peer-class median annual charge across 15 New Zealand listed property funds is 1.02%. Smart Australian Property ETF sits at 0.54% — cheaper than 87% of peers.
What does the annual charge cost over 5 years on a NZ$10,000 investment?
At 0.54% 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$267. That is NZ$233 less than the peer-class median fee-drag of NZ$500.
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.