Factual snapshot
NZ Funds — review
Mechanical, source-cited snapshot of NZ Funds's NZ retail managed-fund range. We don't rate or recommend — see a licensed financial adviser for personalised advice.
- Funds tracked
- 12
- Median annual fee
- 2.33%
- Median FMA risk
- 5/7
- Tracked NZ retail AUM
- $986.7 million
Universe median 0.85%
Standardised 1–7 scale
Sum of fund sizes (12/12 on file)
About NZ Funds
NZ-owned manager offering Wealth Builder strategies, Income Generator, and a series of Global and New Zealand sector portfolios.
- Legal name
- New Zealand Funds Management Limited
- Headquarters
- Auckland
Fee position vs peers
Per-asset-class median annual fund charge for NZ Funds vs the peer median across all other NZ managers in our coverage. Source: Sorted Smart Investor (FMA Disclose Quarterly Fund Updates).
| Asset class | NZ Funds funds | NZ Funds median fee | Peer median (n) | Position |
|---|---|---|---|---|
| Diversified | 4 | 1.63% | 0.98% (64) | priced 64 bps above the peer median (0.98%) |
| International Equities | 2 | 2.83% | 0.61% (82) | priced 221 bps above the peer median (0.61%) |
| Listed Property | 2 | 2.52% | 1.02% (13) | priced 150 bps above the peer median (1.02%) |
| Australasian Equities | 1 | 2.52% | 0.99% (56) | priced 153 bps above the peer median (0.99%) |
| NZ Fixed Interest | 1 | 1.44% | 0.60% (13) | priced 84 bps above the peer median (0.60%) |
| International FI | 1 | 1.44% | 0.69% (30) | priced 75 bps above the peer median (0.69%) |
| Other | 1 | 2.53% | 1.05% (7) | priced 148 bps above the peer median (1.05%) |
Fee is the headline ongoing cost; strategy mix, hedging, performance fees and net return after fees also matter when comparing options.
Risk profile mix
Distribution of NZ Funds's 12 funds across the FMA's standardised 1–7 risk indicator. The indicator is calculated from each fund's past five years of unit-price volatility and published on every Quarterly Fund Update.
NZ Funds's funds
- NZ Funds Income GeneratorDiversifiedPIE · capped at PIR (max 28%)income1.67% fee4/7 risk
- NZ Funds Wealth Builder - Growth StrategyDiversifiedPIE · capped at PIR (max 28%)growth2.14% fee6/7 risk
- NZ Funds Wealth Builder - Income StrategyDiversifiedPIE · capped at PIR (max 28%)income1.20% fee4/7 risk
- NZ Funds Wealth Builder - Inflation StrategyDiversifiedPIE · capped at PIR (max 28%)balanced1.58% fee5/7 risk
- NZ Funds Global SharesInternational EquitiesPIE · capped at PIR (max 28%)growth3.12% fee6/7 risk
- NZ Funds Global BondsInternational FIPIE · capped at PIR (max 28%)conservative1.44% fee4/7 risk
- NZ Funds Global PropertyListed PropertyPIE · capped at PIR (max 28%)balanced2.52% fee5/7 risk
- NZ Funds Global InfrastructureOtherPIE · capped at PIR (max 28%)Thematicbalanced2.53% fee5/7 risk
- NZ Funds Global UtilitiesInternational EquitiesPIE · capped at PIR (max 28%)Thematicbalanced2.53% fee5/7 risk
- NZ Funds New Zealand and Australian SharesAustralasian EquitiesPIE · capped at PIR (max 28%)growth2.52% fee5/7 risk
- NZ Funds New Zealand and Australian BondsNZ Fixed InterestPIE · capped at PIR (max 28%)conservative1.44% fee4/7 risk
- NZ Funds New Zealand Property and Retirement VillagesListed PropertyPIE · capped at PIR (max 28%)balanced2.52% fee5/7 risk
Track record vs each fund's own market index
Each fund's Quarterly Fund Update reports its after-fee return next to the market index the manager itself nominated. This table counts, per fund, the years the fund's return exceeded that index. Mechanical count of disclosed figures — past performance is not a reliable indicator of future returns.
| Fund | Years above index | Years measured | Since inception (fund) | Since inception (index) | Data to |
|---|---|---|---|---|---|
| NZ Funds Wealth Builder - Income Strategy | 2 | 3 | 1.49% | -3.05% | 31 March 2026 |
| NZ Funds Global Shares | 4 | 10 | 8.28% | 10.11% | 30/06/2022 |
| NZ Funds Wealth Builder - Growth Strategy | 1 | 3 | 7.69% | 6.14% | 31 March 2026 |
| NZ Funds Wealth Builder - Inflation Strategy | 1 | 3 | 4.86% | 4.04% | 31 March 2026 |
| NZ Funds New Zealand and Australian Shares | 3 | 10 | 8.67% | 14.02% | 30/06/2022 |
| NZ Funds Global Bonds | 3 | 11 | 2.32% | 2.88% | 31 March 2026 |
| NZ Funds New Zealand and Australian Bonds | 2 | 11 | 3.14% | 3.48% | 31 March 2026 |
Source: each fund's QFU / FMA consolidated fund-update data. "Data to" links the underlying document. Full cross-manager view: fund-vs-index consistency.
Questions about NZ Funds
Is NZ Funds a good fund manager?
Whether NZ Funds suits any individual investor depends on the investor's goals, time horizon, risk tolerance, and how the fund fits an existing portfolio — factors that vary by individual. On this site we surface mechanical, comparable data points: NZ Funds runs 12 retail managed funds in our coverage, with a median annual fund charge of 2.33% across that range (vs the NZ universe median of 0.85%), and a median FMA risk indicator of 5 out of 7. For personalised guidance, see a licensed financial adviser.
What does NZ Funds charge?
NZ Funds's 12 funds in our coverage carry a median annual fund charge of 2.33% (range 1.20% – 3.12%). The annual fund charge is the headline ongoing cost disclosed on every Quarterly Fund Update on the FMA Disclose register. Cross-validate via the per-fund pages, which link to source documents.
How big is NZ Funds?
Across the 12 funds with on-file fund-size data, NZ Funds's tracked NZ retail AUM totals NZD 986.7 million. This is the sum of fund sizes disclosed in each fund's most recent Quarterly Fund Update on FMA Disclose and excludes KiwiSaver, wholesale and Australian-domiciled assets. NZ Funds may manage materially larger assets in those categories.
Where is NZ Funds based?
NZ Funds (legal name: New Zealand Funds Management Limited) is headquartered in Auckland.
What kind of funds does NZ Funds run?
NZ Funds's range of 12 funds in our coverage is weighted toward diversified (4 funds). The range also includes 2 international equities funds and 2 listed property funds. See the full list at /providers/nz-funds/.
Other managers running diversified funds
How we built this snapshot
Fund counts and category mix are from src/data/funds.ts (Range of Funds reconciled to the InvestNow + Sharesies + manager-direct universe). Annual fund charge, FMA risk indicator, five-year return and fund size are extracted from each fund's Quarterly Fund Update via Sorted Smart Investor (a Te Ara Ahunga Ora / Retirement Commission service that mirrors the FMA Disclose register). Cross-validate via each per-fund page, which links to the source PDS and Fund Update on FMA Disclose.
ManagedFundsNZ provides information only, not personalised financial advice. For advice, see a licensed financial adviser.