Quarterly index · data to 31 March 2026
NZ Managed Fund Fees & Returns Index
What 279 NZ retail managed funds charge, and how 202 of them performed against their own stated market index — recomputed every quarter from FMA Disclose filings. Medians, counts and ranges only; no estimates, no opinion.
Median annual fund charge
0.84%
across 279 funds with a reported charge
Fee range
0.03–4.38%
lowest to highest reported charge, p.a.
Above own index (1 yr)
22 / 202
funds whose current QFU past-year return exceeded their stated market index, after fees
Multi-year record
26 / 146
funds (≥3 measured years) that matched or exceeded their index in at least half of those years
The median fee in dollars
At the median annual fund charge of 0.84%, a NZ$100,000 balance pays about NZ$840 in fund charges per year, before compounding. The fees impact calculator shows the long-run effect of any specific charge.
Fees and 5-year returns by category
Median and range of the annual fund charge, plus the median 5-year after-fees return, for every category with reported data. — means not enough reported figures.
| Category | Funds | Median fee | Lowest fee | Highest fee | Median 5y return |
|---|---|---|---|---|---|
| International Equities | 81 | 0.61% | 0.03% | 4.38% | 8.31% |
| Diversified Funds | 67 | 0.99% | 0.25% | 2.14% | 3.27% |
| Australasian Equities | 58 | 1.01% | 0.10% | 3.21% | 1.68% |
| International Fixed Interest | 31 | 0.70% | 0.15% | 2.51% | 0.48% |
| Listed Property | 15 | 1.02% | 0.25% | 2.52% | 2.72% |
| New Zealand Fixed Interest | 14 | 0.63% | 0.10% | 1.44% | 1.13% |
| Other | 8 | 1.06% | 0.25% | 2.53% | 5.81% |
| Cash and Cash Equivalents | 5 | 0.26% | 0.12% | 0.65% | 2.41% |
5-year returns are after fees and tax as reported in each fund's QFU via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
Deeper cuts
Lowest-Charge NZ Managed Funds 2026
The annual report: the lowest reported annual fund charge per category and per FMA risk band, with a published selection rule.
5-year return leaderboard
Every fund with a current 5-year figure, ranked, with year-by-year track record.
Fund-vs-index consistency
Which funds exceeded their own stated market index year after year.
Performance fees
The funds charging performance fees on top of the annual charge, ranked by cost.
Active vs index
Fee and 5-year return gaps between active and index funds, per category.
Reuse this data
Journalists, researchers and educators may republish any figure on this page with attribution. Every number is a mechanical computation over public FMA Disclose filings — each fund page links its source document, so every claim is checkable in one click.
Custom cuts, interviews, or the quarterly release note: hello@managedfunds.nz · reuse terms in the citation policy · computation detail in the methodology.
Questions about this index
Where do these numbers come from?
Two regulated sources. Annual fund charges and 5-year after-fees returns are mirrored from the FMA Disclose register via Sorted Smart Investor. The fund-vs-market-index figures come from each fund's own Quarterly Fund Update (QFU), the FMA-mandated filing that reports the fund's after-fee return next to its stated market index. Every fund page on this site links the underlying document.
How often is the index updated?
Quarterly, following the QFU filing cycle. The current edition reflects data to 31 March 2026. The page is recomputed from the underlying dataset on every site build, so figures never drift from the source data.
Can journalists and researchers reuse these figures?
Yes, with attribution to ManagedFundsNZ and a link to this page. Every statistic here is a mechanical computation (median, count, range) over public regulatory disclosure data — no estimates and no modelling. For interviews, custom cuts of the data, or embargoed quarterly releases, email hello@managedfunds.nz.
Why are some funds missing?
The fee table covers the 279 retail funds with a reported annual fund charge in the current dataset (of 304 tracked). The fund-vs-index scoreboard covers the 202 funds whose current QFU reports both a past-year return and a market-index figure — newly launched funds and funds whose managers publish no NZ QFU are excluded rather than estimated.
Is this financial advice?
No. ManagedFundsNZ is not licensed to provide financial advice. This page reports mechanical numbers from public disclosure data. Past performance is not a reliable indicator of future returns. For personalised guidance, talk to a licensed financial adviser.