Most expensive performance fees on NZ managed funds
31 NZ retail managed funds charging a performance fee, ranked by the % of NAV paid in the most recent published period. Performance fees vary year-to-year — a fund can show a high number one year and zero the next, depending on whether it cleared its hurdle.
Median performance fee paid across these 31 funds: 0.13%. Source: each fund's current Product Disclosure Statement lodged on the FMA Disclose register.
- 10.00% perf fee paid+ 1.15% annualPDS 2025-08-28
- 1.55% perf fee paidPDS 2026-05-08
- 0.97% perf fee paid+ 1.76% annualPDS 2026-04-09
- 0.54% perf fee paid+ 1.30% annualPDS 2026-04-02
- 0.53% perf fee paid+ 3.21% annualPDS 2025-06-12
- 0.32% perf fee paid+ 0.76% annualPDS 2026-04-09
- 0.29% perf fee paid+ 1.30% annualPDS 2026-04-02
- 0.29% perf fee paid+ 1.36% annualPDS 2026-04-02
- 0.25% perf fee paid+ 1.05% annualPDS 2025-06-17
- 0.23% perf fee paid+ 1.23% annualPDS 2026-03-23
- 0.21% perf fee paid+ 1.18% annualPDS 2026-03-31
- 0.20% perf fee paid+ 1.05% annualPDS 2025-06-17
- 0.20% perf fee paid+ 0.65% annualPDS 2025-06-17
- 0.19% perf fee paid+ 0.67% annualPDS 2026-04-09
- 0.16% perf fee paid+ 1.53% annualPDS 2025-09-23
- 0.13% perf fee paid+ 1.39% annualPDS 2026-04-02
- 0.12% perf fee paid+ 1.21% annualPDS 2026-03-23
- 0.03% perf fee paid+ 0.87% annualPDS 2025-09-23
- 0.03% perf fee paid+ 1.44% annualPDS 2025-10-20
- 0.03% perf fee paid+ 1.44% annualPDS 2025-10-20
- 0.02% perf fee paid+ 1.05% annualPDS 2025-06-17
- 0.02% perf fee paid+ 1.02% annualPDS 2025-06-12
- 0.01% perf fee paid+ 1.35% annualPDS 2026-01-21
- 0.00% perf fee paid+ 1.35% annualPDS 2025-11-25
- 0.00% perf fee paid+ 0.66% annualPDS 2026-03-23
- 0.00% perf fee paid+ 1.42% annualPDS 2025-09-23
- 0.00% perf fee paid+ 1.05% annualPDS 2025-06-17
- 0.00% perf fee paid+ 1.31% annualPDS 2025-09-23
- 0.00% perf fee paid+ 1.03% annualPDS 2026-04-02
- 0.00% perf fee paid+ 1.35% annualPDS 2025-06-17
- 0.00% perf fee paid+ 4.38% annualPDS 2026-03-26
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How to read this ranking
The figure shown is the performance fee actually paid in the most recent published period (as % of NAV), extracted from each fund's current Product Disclosure Statement. A performance-fee number for one period doesn't determine what the fund will charge next period — performance fees only apply when the fund clears its hurdle benchmark (often the OCR + a margin, or a market index), and most NZ MIS funds with performance fees also operate a high-water mark so they don't charge twice for the same recovery.
Each fund's per-page detail shows the verbatim hurdle terms, high-water-mark mechanics, and any cap. The fund pages are the source of truth — this ranking is a structural index, not advice.
ManagedFundsNZ provides information only, not personalised financial advice. For advice, see a licensed financial adviser. Read the current PDS before investing.