Devon Funds Management has five Australasian Equity managed funds on the InvestNow platform. Learn more about investment managers that have partnered with InvestNow.
We are an independent investment management business that specialises in building investment portfolios for our clients. We believe our advantage lies in our people – with a dedicated team of investment professionals with over 100 years combined experience in the investment industry both within Australasia and further afield. We’ve worked hard to assemble the right talent with the necessary skills and experience to manage our client’s portfolios.
We take pride in the fact that Devon is independent and wholly owned by its employees and directors, who maintain personal holdings in the Devon Funds, ensuring our investment team’s decisions and our clients’ interests are aligned at all times. We manage in excess of $2.5 billion on behalf of a diverse range of leading New Zealand clients, including the New Zealand Superannuation Fund, Community Trusts, iwi, charities, KiwiSaver schemes, corporates pension schemes and individual investors.
Below is the range of investment options from Devon Funds Management that are available through the InvestNow platform. To see a full range of managed fund investment options available on InvestNow, please click here.
Using the table below:
To view more information about a fund and to view a Product Disclosure Statement, scroll to the right. To see a fund’s description on desktop, hover over the fund name. To see a fund’s description on mobile, click ‘read description’.
Fund
Description
Type
Manager
Sector
PDS
PDS Fee
QFU Fee
Buy/Sell Spread
Risk Indicator
Target Growth/Income Assets
Management Style
Distribution Frequency
Buy Timeframe
Sell Timeframe
Fund Type
Net Assets
Inception Date
Available in the InvestNow KiwiSaver Scheme?
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Smart Investor
External Website
AMP Balanced Managed Fund
Aims to provide a well-diversified portfolio that has a balance of risk through holding growth assets and an allocation to lower-risk income assets.
Managed Funds
AMP
Diversified
0.81%
0.80%
0% / 0%
4
59.5% / 40.5%
Passive
–
2 Days
2 Days
PIE
$18.37M
18/05/2022
No
0.76%
1.71%
7.16%
19.51%
–
–
–
AMP Growth Managed Fund
Aims to provide a well-diversified portfolio that aims to provide growth, primarily through holding growth assets diversified with a lower allocation to lower-risk income assets.
Managed Funds
AMP
Diversified
0.81%
0.80%
0% / 0%
4
80.5% / 19.5%
Passive
–
2 Days
2 Days
PIE
$14.49M
18/05/2022
No
1.34%
1.96%
8.12%
23.17%
–
–
–
Antipodes Global Fund – Long – PIE
The aim of the Fund is to achieve absolute returns in excess of the MSCI All Country World Net Index in NZD (the Index) over the investment cycle (typically 3-5 years).
The Fund invests in the Antipodes Global Fund – Long – UCITS, S Class (Underlying Fund) and cash or cash equivalent securities. The Underlying Fund’s investment exposure is predominantly to a broad range of international shares listed on stock exchanges in developed and emerging markets.
The Underlying Fund may use exchange traded derivatives for risk management purposes and to achieve equity exposure.
Managed Funds & KiwiSaver
Antipodes
International Equities
1.25%
1.25%
0.075% / 0.075%
5
100% / 0%
Active
–
3 Days
4 Days
PIE
$64.61M
25/07/2018
Yes
3.50%
3%
6.50%
23.09%
11.03%
10.74%
–
ANZ Investments OneAnswer Australian Share Fund
The Australian Share Fund invests mainly in Australian equities. Investments may include equities in companies that are listed or are soon to be listed on the Australian stock exchange, and cash and cash equivalents.
Managed Funds
ANZ
Australasian Equities
1.11%
1.12%
0% / 0%
6
100% / 0%
Active
–
2 Days
2 Days
PIE
$21.47M
29/02/1996
No
−2.06%
0.07%
4.60%
17.19%
7.03%
5.32%
3.86%
ANZ Investments OneAnswer Balanced Growth Fund
The Balanced Growth Fund invests mainly in growth assets (equities, listed property and listed infrastructure), with some exposure to income assets (cash and cash equivalents and fixed interest). The fund also has a small exposure to alternative assets.
Managed Funds
ANZ
Diversified
0.99%
1.03%
0% / 0%
5
65% / 35%
Active
–
2 Days
2 Days
PIE
$47.33M
15/04/2010
No
−0.27%
1.66%
6.01%
17.28%
1.70%
5.22%
6.58%
ANZ Investments OneAnswer Equity Selection Fund
The Equity Selection Fund invests mainly in New Zealand and Australasian equities. Investments may include equities in companies that are listed or intend to list on the New Zealand or Australian stock exchanges, and cash and cash equivalents.
Managed Funds
ANZ
Australasian Equities
1.14%
1.19%
0% / 0%
5
100% / 0%
Active
–
2 Days
2 Days
PIE
$9.98M
01/07/2004
No
2.28%
1.15%
6.69%
22.70%
−2.95%
3.31%
4.81%
ANZ Investments OneAnswer International Share Fund
The International Share Fund invests mainly in international equities. Investments may include equities in companies that are listed or are soon to be listed on a stock exchange, and cash and cash equivalents.
Managed Funds
ANZ
International Equities
1.06%
1.06%
0% / 0%
5
100% / 0%
Active
–
2 Days
2 Days
PIE
$202.95M
12/05/1997
No
4.40%
1.39%
5.73%
20.16%
6.34%
9.59%
11.24%
ANZ Investments OneAnswer New Zealand Share Fund
The New Zealand Share Fund invests mainly in New Zealand equities. Investments may include equities in companies that are listed or intend to list on the New Zealand stock exchange, and cash and cash equivalents.
Managed Funds
ANZ
Australasian Equities
1.10%
1.09%
0% / 0%
5
100% / 0%
Active
–
2 Days
2 Days
PIE
$52.48M
31/03/1991
No
2.40%
2.05%
6.05%
17.97%
−1.62%
3.50%
8.25%
ANZ Investments OneAnswer Property Securities Fund
The Property Securities Fund invests mainly in New Zealand and Australian listed property assets. Investments may include companies, funds or trusts that invest in property and are listed or intend to list, and cash and cash equivalents.
Managed Funds
ANZ
Listed Property
1.10%
1.07%
0% / 0%
6
100% / 0%
Active
–
2 Days
2 Days
PIE
$66.87M
30/11/1994
No
1.79%
4.35%
5.81%
13.17%
−5.56%
−1.15%
6.20%
Brandywine Global Opportunistic Fixed Income Fund
The Fund invests in a diversified portfolio of international fixed income securities, derivatives and cash. The investment objective of the Fund is to earn a return before fees and taxes in excess of the Bloomberg Global Aggregate Index – New Zealand dollar Hedged over rolling five-year periods.
Managed Funds
Franklin Templeton
International Fixed Interest
0.76%
0.77%
0.075% / 0.075%
4
0% / 100%
Active
Semi-annually
2 Days
3 Days
PIE
$211.66M
27/03/2018
No
−3.59%
−0.31%
3.58%
8.98%
−2.00%
−0.19%
–
Castle Point 5 Oceans Fund
The 5 Oceans Fund is a diversified fund that provides exposure to a range of growth and defensive assets both globally and locally. The fund can invest both in direct securities and selected managed funds.
The objective of the fund is to generate a positive return above cash with a focus on protecting investors capital.
Managed Funds & KiwiSaver
Castlepoint
Diversified
1.31%
1.09%
0.30% / 0.30%
4
55% / 45%
Active
Monthly
2 Days
2 Days
PIE
$82.51M
25/10/2016
Yes
0.49%
1.35%
3.68%
8.88%
2.49%
4.79%
–
Castle Point Trans-Tasman Fund
The Trans-Tasman Fund invests in New Zealand and Australian Listed Companies and is benchmarked to the S&P/NZX 50 Index (incl Imputation Credits). The performance objective of the Fund is to outperform the benchmark over rolling three-year periods after all fees (and other expenses) but before tax.
While the Fund is expected to be fully invested into equities (max 25% in Australia), it can hold some cash or cash equivalents (0-10%).
Managed Funds & KiwiSaver
Castlepoint
Australasian Equities
1.07%
1.07%
0.30% / 0.30%
5
98% / 2%
Active
Quarterly
2 Days
2 Days
PIE
$41.07M
20/11/2018
Yes
0.95%
1.39%
4.79%
17.42%
−2.70%
4.32%
–
Devon Alpha Fund
The Fund aims to generate capital growth over the long term by actively investing in a concentrated portfolio of 10-15 New Zealand and Australian shares and holding cash when appropriate investment opportunities cannot be identified.
Managed Funds
Devon
Australasian Equities
1.89%
2.42%
0% / 0%
5
0%-100% / 0%-100%
Active
Semi-annually
2 Days
2 Days
PIE
$150.58M
03/06/2010
No
−0.48%
2.46%
5.19%
19.59%
7.47%
8.75%
8.01%
Devon Australian Fund
The Fund aims to generate capital growth over the long term by actively managing Australian equity investments. The Australian market offers exposure to a number of sectors that are not available in New Zealand.
Managed Funds
Devon
Australasian Equities
1.58%
1.29%
0% / 0%
6
80%-100% / 0%-20%
Active
Semi-annually
2 Days
2 Days
PIE
$12.49M
20/08/2010
No
−1.16%
1.54%
7.86%
25.28%
10.31%
7.75%
7.69%
Devon Dividend Yield Fund
A select portfolio of New Zealand and Australian listed equity securities chosen for their attractive dividend yields, with some growth prospects to maintain the dividend yield and capital value in real terms.
Managed Funds
Devon
Australasian Equities
1.19%
1.00%
0% / 0%
5
90%-100% / 0%-10%
Active
Quarterly
2 Days
2 Days
PIE
$16.09M
20/12/2012
No
0.34%
0.39%
3.18%
12.58%
5%
4.29%
7.65%
Devon Sustainability Fund
This Fund aims to generate capital growth over the long term by investing in those New Zealand and Australian listed companies that score highly on overall environmental, social and corporate governance performance. The Fund also employs an ethical screen that will exclude companies where more than 10% of business revenue is derived from the manufacture of alcohol, gambling, pornography and the exploration, extraction, refining or processing of fossil fuels. The Fund will also employ an ethical screen that will exclude companies where any business revenue is derived from the manufacturing of tobacco products or armaments.*
*The Devon Sustainability Fund invests into the Devon Sustainability Wholesale Fund which holds the assets.
Managed Funds
Devon
Australasian Equities
1.30%
1.25%
0% / 0%
5
90%-100% / 0%-10%
Active
Semi-annually
2 Days
2 Days
PIE
$30.24M
01/09/2020
No
1.02%
2.28%
6.58%
21.14%
3.95%
–
–
Devon Trans-Tasman Fund
The Fund aims to generate capital growth over the long term by actively investing in a portfolio of New Zealand and Australian shares. The Fund tends to be fully invested in shares but can hold cash.
Managed Funds
Devon
Australasian Equities
1.59%
1.40%
0% / 0%
5
50%-100% / 0%-50%
Active
Semi-annually
2 Days
2 Days
PIE
$103.12M
30/09/1998
No
0.34%
2.23%
7.06%
23.03%
7.40%
7.59%
8.86%
Dexus Asian REIT Fund
The Dexus Asian REIT Fund is an income focused property securities fund that invests in a portfolio of listed Asian Real Estate Investment Trusts (REITs).
The Fund will invest primarily in REITs listed on the securities exchanges of the Asia Region (including, but not limited to, Hong Kong, Singapore, Malaysia, Japan and New Zealand, but excluding Australia), as well as cash and fixed interest investments.
Managed Funds
Dexus
Listed Property
0.98%
N/A
0.15% / 0.15%
N/A
98% / 2%
Active
Monthly
3 Days
3 Days
AUT
$20.27M
19/07/2011
No
−1.28%
0.14%
3.46%
3.19%
−2.85%
−3.60%
4.46%
Dexus Global REIT Fund
The Dexus Global REIT Fund is an income focused property securities fund that invests in a portfolio of Real Estate Investment Trusts (REITs) listed in North America, Europe and Asia Pacific.
Managed Funds
Dexus
Listed Property
0.98%
N/A
0.15% / 0.15%
N/A
98% / 2%
Active
Monthly
3 Days
3 Days
AUT
$22.99M
01/04/2020
No
2%
3.86%
16.04%
26.69%
5.64%
–
–
Elevation Capital Global Shares Fund
The Fund employs a value-based, opportunistic, and special-situations focused investment approach that is difficult to replicate in the wider Australia / New Zealand funds management industry;
The Fund’s opportunity set is different and is not constrained by market capitalisation or geography. Accordingly, the Fund has a very high active share which indicates very little overlap with reference benchmark indices;
The Fund’s investors are typically using the Fund to fulfill their global / international or alternative investment allocation needs and to supplement low-cost Exchange Traded Fund (ETF) portfolios.
Managed Funds
Elevation
International Equities
1.93%
2.04%
0% / 0%
6
95% / 5%
Active
Annually
6 Days (Month End)
6 Days (Month End)
PIE
$26.06M
09/12/2008
No
2.18%
−0.54%
−3.28%
8.59%
−0.56%
7.93%
6.82%
Ellerston Global Mid Small Cap Fund
The Fund seeks to provide long term capital growth by investing in 20 – 40 securities with a global mid small cap bias. Securities within the portfolio are typically global leaders in their markets with stronger growth than most businesses.
The strategy is not to assemble a group of stocks that replicate any particular geography, theme or index; consequently, the portfolio will not replicate a benchmark and is likely to be different to what may constitute other Global equity products, making it suitable for inclusion within a diversified portfolio.
Managed Funds
Ellerston
International Equities
1.45%
N/A
0.25% / 0.25%
N/A
80%-100% / 0%-20%
Active
Semi-annually
3 Days
4 Days
AUT
$41.94M
01/03/2017
No
3.91%
1.85%
8.63%
23.94%
2.14%
9.38%
–
Fisher Funds Australian Growth Fund
The Australian Growth Fund gives investors targeted access to a hand-picked portfolio of quality growing Australian businesses. These companies are often overlooked by investors as they are not familiar with them or there is limited research available.
Managed Funds
Fisher
Australasian Equities
1.45%
2.84%
0% / 0%
6
100% / 0%
Active
–
3 Days
3 Days
PIE
$121.98M
15/06/2005
No
−0.10%
2.70%
7.15%
28.88%
6.17%
10.69%
10.55%
Fisher Funds BondPlus Fund
The BondPlus Fund invests in international fixed interest assets and seeks to provide moderate protection for your investment, while also generating modest returns over the long term. The Fund’s assets are managed by external managers, PIMCO and Wellington.
Managed Funds
Fisher
International Fixed Interest
1.21%
1.24%
0% / 0%
3
0% / 100%
Active
–
3 Days
3 Days
PIE
$102.13M
01/11/1990
No
−1.81%
−0.14%
3.01%
8.08%
−2.04%
−0.85%
1.57%
Fisher Funds CashPlus Fund
The CashPlus Fund aims to provide protection for your investment and a return that is better than 90-day bank bills by investing in New Zealand cash and New Zealand fixed interest assets.
Managed Funds
Fisher
Cash and Cash Equivalents
0.80%
0.85%
0% / 0%
1
0% / 100%
Active
–
3 Days
3 Days
PIE
$11.97M
30/04/2008
No
0.38%
1.34%
2.88%
5.69%
3.60%
2.23%
2.29%
Fisher Funds Conservative Fund
The Fisher Funds Conservative Fund is a diversified portfolio that aims to provide moderate protection for your investment, while also providing a modest level of return over the short to medium term. It invests in mainly income assets (target 72.5%) with a small amount in growth assets (target 27.5%).
Managed Funds & KiwiSaver
Fisher
Diversified
1.34%
1.36%
0% / 0%
3
27.5% / 72.5%
Active
–
3 Days
3 Days
PIE
$108.46M
31/07/2018
Yes
−0.52%
1.17%
5.07%
12.40%
1.48%
2.37%
–
Fisher Funds Global Fund
The Global Fund aims to achieve capital growth over the long term by investing in international shares only.
Managed Funds
Fisher
International Equities
1.64%
1.65%
0% / 0%
6
100% / 0%
Active
–
3 Days
3 Days
PIE
$167.77M
29/11/1985
No
0.14%
0.05%
5.30%
23.56%
4.65%
9.20%
8.69%
Fisher Funds Growth Fund
The Fisher Funds Growth Fund is a diversified portfolio that aims to grow your investment with more focus on capital growth over the long term. It invests in mainly growth assets.
Managed Funds & KiwiSaver
Fisher
Diversified
1.47%
1.47%
0% / 0%
5
81% / 19%
Active
–
3 Days
3 Days
PIE
$309.33M
31/07/2018
Yes
0.14%
1.56%
6.60%
21.75%
3.30%
6.70%
–
Fisher Funds Income Fund
The Income Fund aims to preserve your capital while generating positive, better than bank returns. We do this by actively managing a hand-picked portfolio of cash and fixed interest securities from around the world.
Managed Funds
Fisher
International Fixed Interest
0.96%
1.01%
0% / 0%
3
0% / 100%
Active
–
3 Days
3 Days
PIE
$45.24M
18/04/2011
No
0.06%
2.30%
5.70%
10.53%
3.46%
2.58%
3.47%
Fisher Funds International Growth Fund
The International Growth Fund gives investors access to a portfolio of quality international companies through a single tax efficient investment. The global stage offers us access to a wider universe of investment opportunities and we have the flexibility to invest anywhere outside of New Zealand and Australia.
Managed Funds
Fisher
International Equities
1.44%
1.75%
0% / 0%
6
100% / 0%
Active
–
3 Days
3 Days
PIE
$109.29M
07/11/2007
No
−1.41%
−1.37%
0.94%
22.94%
−0.66%
8.14%
10.03%
Fisher Funds New Zealand Fixed Income Trust
The New Zealand Fixed Income Trust aims to provide protection for your investment, while also generating a stable level of return over the long term. It invests in New Zealand fixed interest assets only.
Managed Funds
Fisher
New Zealand Fixed Interest
0.96%
0.98%
0% / 0%
3
0% / 100%
Active
–
3 Days
3 Days
PIE
$79.61M
20/07/2011
No
−0.63%
1.02%
5.85%
11.71%
1.18%
0%
2.61%
Fisher Funds New Zealand Growth Fund
The New Zealand Growth Fund is our flagship fund. It was established in 1998 and invests in a hand-picked portfolio of approximately 20 quality New Zealand growth companies at any one time.
Managed Funds
Fisher
Australasian Equities
1.49%
1.43%
0% / 0%
6
100% / 0%
Active
–
3 Days
3 Days
PIE
$226.12M
10/08/1998
No
2.44%
6.45%
12.93%
30.27%
−0.89%
7.28%
10.76%
Fisher Funds Property & Infrastructure Fund
The Fund comprises a hand-picked portfolio of listed property and infrastructure assets from New Zealand and around the world. We think of this Fund as the ‘backbone’ Fund of our managed funds range because these assets are the backbone of economies and indeed it’s reasonable for this Fund to be the backbone of your portfolio as well.
Managed Funds
Fisher
International Equities
1.60%
1.57%
0% / 0%
5
100% / 0%
Active
–
3 Days
3 Days
PIE
$167.9M
05/12/2008
No
−0.38%
2.97%
8.40%
21%
3.17%
5.59%
9.32%
Fisher Funds Trans Tasman Equity Trust
The Trans Tasman Equity Trust aims to achieve capital growth over the long term by investing in a mix of New Zealand shares (target weighting 70%) and Australian shares (target weighting 30%).
Managed Funds
Fisher
Australasian Equities
1.64%
1.65%
0% / 0%
6
100% / 0%
Active
–
3 Days
3 Days
PIE
$119.91M
29/11/1985
No
1.02%
4.63%
10.13%
29.55%
2.37%
8.89%
11.06%
Foundation Series Balanced Fund
The Fund aims to generate long-run returns by investing in a diversified portfolio with a balance of income and growth assets. The Fund’s objective is to perform broadly in line with the return of its investment benchmark before fees and tax over the long-term.
The Fund’s investment benchmark is the weighted average return (before tax, fees and other expenses) of the asset class benchmark indices, which includes both New Zealand as well as international fixed interest and equity asset classes. The long-term returns from the Foundation Series Balanced Fund are likely to be lower and more stable than those of the Foundation Series Growth Fund.
Managed Funds & KiwiSaver
Foundation Series
Diversified
0.37%
0.37%
0.08% / 0.11%
4
60% / 40%
Passive
–
2 Days
2 Days
PIE
$23.62M
02/09/2020
Yes
0.52%
1.45%
6.97%
19.92%
4.45%
–
–
Foundation Series Growth Fund
The Fund aims to generate long-run returns by investing in a diversified portfolio weighted towards growth assets but with some income asset exposure. The Fund’s objective is to perform broadly in line with the return of its investment benchmark before fees and tax over the long-term.
The Fund’s investment benchmark is the weighted average return (before tax, fees and other expenses) of the asset class benchmark indices, which includes both New Zealand as well as international fixed interest and equity asset classes. The long-term returns from the Foundation Series Growth Fund are likely to be higher and less stable than those of the Foundation Series Balanced Fund.
Managed Funds & KiwiSaver
Foundation Series
Diversified
0.37%
0.37%
0.10% / 0.11%
4
80% / 20%
Passive
–
2 Days
2 Days
PIE
$44.09M
02/09/2020
Yes
1.11%
1.78%
7.86%
23.22%
6.03%
–
–
Foundation Series Hedged Total World Fund
The Fund aims for high long-run returns by investing in an Exchange-Traded Fund (‘ETF’) that invests in shares of large, mid-sized and small companies listed on international stock markets. The Fund’s objective is to perform broadly in line with the return of its investment benchmark before fees and tax over the long-term. The Fund aims to have all foreign currency exposure hedged to the New Zealand dollar. The Fund’s investment benchmark is the Morningstar Global All Cap Target Market Exposure NR Hedged NZD Index.
Managed Funds & KiwiSaver
Foundation Series
International Equities
0.07%
0.07%
0.50% / 0.50%*
6
100% / 0%
Passive
–
2 Days
2 Days
PIE
$20.86M
22/01/2024
Yes
−0.86%
2.10%
9.96%
–
–
–
–
Foundation Series Hedged US 500 Fund
The Fund aims for high long-run returns by investing in an Exchange-Traded Fund (‘ETF’) that invests in shares of the largest companies listed on stock markets in the United States. The Fund’s objective is to perform broadly in line with the return of its investment benchmark before fees and tax over the long-term. The Fund aims to have all foreign currency exposure hedged to the New Zealand dollar. The Fund’s investment benchmark is the Morningstar US Target Market Exposure TR Hedged NZD Index.
Managed Funds & KiwiSaver
Foundation Series
International Equities
0.03%
0.03%
0.50% / 0.50%*
6
100% / 0%
Passive
–
2 Days
2 Days
PIE
$12.92M
22/01/2024
Yes
−0.98%
3.37%
13.37%
–
–
–
–
Foundation Series Total World Fund
The Fund aims for high long-run returns by investing in an Exchange-Traded Fund (‘ETF’) that invests in shares of large, mid-sized and small companies listed on international stock markets. The Fund’s objective is to perform broadly in line with the return of its investment benchmark before fees and tax over the long-term. The Fund’s investment benchmark is the Morningstar Global All Cap Target Market Exposure NR NZD Index.
Managed Funds & KiwiSaver
Foundation Series
International Equities
0.07%
0.07%
0.50% / 0.50%*
5
100% / 0%
Passive
–
2 Days
2 Days
PIE
$115.07M
31/10/2022
Yes
4.58%
2.10%
10.22%
29.12%
–
–
–
Foundation Series US 500 Fund
The Fund aims for high long-run returns by investing in an Exchange-Traded Fund (‘ETF’) that invests in shares of the largest companies listed on stock markets in the United States. The Fund’s objective is to perform broadly in line with the return of its investment benchmark before fees and tax over the long-term. The Fund’s investment benchmark is the Morningstar US Target Market Exposure TR NZD Index.
Managed Funds & KiwiSaver
Foundation Series
International Equities
0.03%
0.03%
0.50% / 0.50%*
5
100% / 0%
Passive
–
2 Days
2 Days
PIE
$88.7M
31/10/2022
Yes
5.90%
3.43%
13.31%
34.77%
–
–
–
Generate Focused Growth Managed Fund
The objective of the Focused Growth Managed Fund is to provide a higher growth investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property and infrastructure assets, Australasian equities and international equities.
Managed Funds & KiwiSaver
Generate
Diversified
1.41%
1.41%
0% / 0%
5
95% / 5%
Active
–
3 Days
3 Days
PIE
$51.22M
01/11/2019
Yes
1.69%
2.11%
10.01%
29.64%
6.54%
–
–
Harbour Active Growth Fund
A diversified fund designed to target a return of the Official Cash Rate plus 5% over rolling five year periods. It is designed as a standalone diversified fund, and can also be mixed with other funds to add diversity to an investor’s overall portfolio. The Fund utilises high conviction investments managed by Harbour, complemented with global managers such as T. Rowe Price, Baillie Gifford and Western Asset Management. It has a target allocation of 70% to growth assets that is actively managed to respond to market conditions.
Managed Funds & KiwiSaver
Harbour
Diversified
1.05%
0.99%
0% / 0%
5
70% / 30%
Active
Monthly
2 Days
3 Days
PIE
$60.38M
01/11/2019
Yes
0.59%
1.94%
6.17%
16.83%
−0.79%
–
–
Harbour Australasian Equity Focus Fund
A concentrated ‘best ideas’ growth fund holding Australasian listed equities (usually 15 to 25) which receive a high rating from our in-house analysts. The Fund is designed to deliver strong growth over the long term, through investing in a smaller number of high quality companies with strong growth prospects.
Managed Funds & KiwiSaver
Harbour
Australasian Equities
1.36%
1.16%
0% / 0%
6
95% / 5%
Active
–
2 Days
2 Days
PIE
$29.29M
10/04/2014
Yes
1.50%
4.79%
11.95%
26.99%
−0.71%
7.52%
10.38%
Harbour Australasian Equity Fund
An actively managed growth fund, providing exposure to Australasian listed equities (usually 25 to 45 at a time). This Fund is designed to provide long-term capital growth through investing in New Zealand and Australian stocks with strong growth potential. It aims to outperform the local equity market.
Managed Funds
Harbour
Australasian Equities
1.10%
1.11%
0% / 0%
6
98% / 2%
Active
–
2 Days
2 Days
PIE
$150.49M
11/04/2010
No
1.33%
3.12%
8.75%
24.66%
−1.09%
5.24%
9.73%
Harbour Australasian Equity Income Fund
A diversified portfolio of Australasian listed equities (usually 40 to 60), designed to generate consistent levels of income with less volatility than other equity funds. The stock picking process for this Fund blends a strong quantitative selection process with a qualitative research overlay.
Managed Funds
Harbour
Australasian Equities
1.08%
1.09%
0% / 0%
5
90% / 10%
Active
Quarterly
2 Days
2 Days
PIE
$42.01M
01/11/2011
No
1.27%
2.90%
5.29%
17.16%
3.01%
5.78%
8.43%
Harbour Income Fund
A diversified fund designed for investors who want to generate a steady and sustainable income across all market cycles, without sacrificing capital growth. It aims to exceed the Official Cash Rate plus 3.5% per annum (over rolling 3-year periods).
Managed Funds
Harbour
Diversified
0.67%
0.65%
0% / 0%
4
32% / 68%
Active
Monthly
2 Days
2 Days
PIE
$299.84M
28/10/2015
No
0.96%
2.91%
7.02%
15.50%
4.68%
5.26%
–
Harbour Long Short Fund
An actively managed fund which invests principally, through both long and short positions, in listed Australasian equities. This Fund is designed to deliver positive absolute returns through the economic cycle with low volatility and low correlation of returns with equity markets.
Managed Funds
Harbour
Australasian Equities
1.53%
1.14%
0% / 0%
4
30% / 70%
Active
–
2 Days
2 Days
PIE
$7.93M
03/01/2019
No
0.71%
2.10%
5.72%
14.06%
1.83%
6.18%
–
Harbour NZ Core Fixed Interest Fund
An actively managed fund that holds a mix of New Zealand Government and corporate bonds, designed as a risk-diversifier for those investors that also hold riskier assets such as equities and property.
Managed Funds & KiwiSaver
Harbour
New Zealand Fixed Interest
0.65%
0.65%
0% / 0%
3
0% / 100%
Active
Quarterly
2 Days
2 Days
PIE
$248.46M
24/05/2011
Yes
−0.31%
1.13%
5.72%
12.05%
1.78%
0.75%
2.81%
Harbour NZ Corporate Bond Fund
A fixed interest fund that is designed to provide income through the yields available from investment-grade New Zealand corporate bonds.
Managed Funds
Harbour
New Zealand Fixed Interest
0.47%
0.46%
0% / 0%
3
0% / 100%
Active
Quarterly
2 Days
2 Days
PIE
$498.7M
16/02/2009
No
−0.25%
1.42%
5.33%
10.79%
2.68%
1.45%
3.13%
Harbour NZ Index Shares Fund
This Fund is designed to provide low-cost exposure to the New Zealand share market by passively tracking the S&P/NZX 50 Portfolio Index. This index contains the top 50 companies listed on the NZX, but with a 5% cap on each company.
Managed Funds
Harbour
Australasian Equities
0.21%
0.21%
0% / 0%
5
99% / 1%
Passive
Annually
2 Days
2 Days
PIE
$554.49M
03/12/2014
No
1.78%
2.28%
6.12%
15.66%
−1.50%
3.30%
–
Harbour Real Estate Investment Fund
An actively managed fund that invests in listed companies which derive their economic value predominantly from owning or controlling real estate. The Fund provides investors with easier access to a diversified portfolio of different types of commercial and industrial property.
Managed Funds
Harbour
Listed Property
0.74%
0.77%
0% / 0%
6
97.5% / 2.5%
Active
Semi-annually
2 Days
2 Days
PIE
$126.97M
01/10/2018
No
1.88%
4.91%
6.05%
16.15%
−3.25%
1.90%
–
Harbour Sustainable Impact Fund
A diversified fund designed for investors who want to grow their wealth and make a positive impact. This net carbon neutral fund aims to exceed the Official Cash Rate + 4% over rolling 5-year periods. It is also designed to make a positive impact as measured against UN Sustainable Development Goals, focusing on areas like climate change mitigation, natural capital, resource sustainability, thriving communities & infrastructure, and social inclusion. The fund includes exposure to global shares through Mirova and T. Rowe Price, Australasian shares and bonds/private credit managed by Harbour, and venture capital through Icehouse Ventures.
Managed Funds
Harbour
Diversified
1.13%
1.33%
0% / 0%
4
55%-72.5% / 27.5%-45%
Active
–
2 Days
2 Days
PIE
$8.34M
30/11/2021
No
0.09%
2.17%
6.31%
16.27%
–
–
–
Harbour Sustainable NZ Shares Fund
This Fund is designed to track the S&P/NZX 50 Portfolio Index, with exclusions to companies that are exposed to large carbon emitters, alcohol, gambling, munitions, adult entertainment, nuclear armaments, firearms, tobacco and recreational cannabis, child labour and companies with human and animal right violations. There are also positive and negative tilts to the remaining companies based on Harbour’s proprietary Corporate Behaviour Score, which has been a core part of Harbour’s equity investment processes for over a decade.
Managed Funds
Harbour
Australasian Equities
0.26%
0.27%
0% / 0%
5
99% / 1%
Active
Semi-annually
2 Days
2 Days
PIE
$269.81M
07/04/2021
No
1.65%
2.18%
6.65%
16.74%
−0.86%
–
–
Harbour T. Rowe Price Global Equity Fund
A high conviction, truly global equity portfolio seeking to invest in companies with above-average and sustainable growth characteristics. The Fund invests in a broadly diversified portfolio of global equities, typically comprising around 150 stocks.
Managed Funds & KiwiSaver
Harbour
International Equities
1.20%
1.20%
0% / 0%
5
98% / 2%
Active
–
2 Days
3 Days
PIE
$659.31M
21/10/2015
Yes
4.72%
3.10%
9.26%
28.65%
4.60%
12.04%
–
Harbour T. Rowe Price Global Equity Fund – Hedged
A high conviction, truly global equity portfolio seeking to invest in companies with above-average and sustainable growth characteristics. The Fund invests in a broadly diversified portfolio of global equities, typically comprising around 150 stocks, and is 100% hedged to NZD.
Managed Funds
Harbour
International Equities
1.23%
1.24%
0% / 0%
6
95% / 5%
Active
–
2 Days
3 Days
PIE
$222.45M
01/10/2021
No
−0.95%
3.48%
9.61%
30.45%
−1.74%
–
–
Hunter Global Fixed Interest Fund
The Fund invests in a portfolio of international fixed income securities, derivatives and cash. The investment objective of the Fund is to provide a total return, before costs and tax, 1% p.a. higher than the Bloomberg Barclays Global Aggregate Index - 100% New Zealand dollar hedged over a rolling three year period.
Managed Funds & KiwiSaver
Harbour
International Fixed Interest
0.53%
0.53%
0% / 0.10%
4
0% / 100%
Active
Semi-annually
2 Days
3 Days
PIE
$1,154.18M
15/03/2017
Yes
−1.81%
−0.16%
3.39%
9.54%
−1.06%
0.46%
–
India Avenue Equity Fund
The Fund seeks to provide long-term capital growth to clients by investing in listed shares of companies benefitting from strong economic growth in India. We believe India’s growth creates a vibrant ecosystem for companies to grow their profits from growing consumption, infrastructure, technology and financial needs of a significant (over 1.3 billion people) and youthful (50% aged 26 or below) population.
By investing in a diverse portfolio of companies, it is our belief that we can generate outperformance of our passive, market-capitalization weighted benchmark (MSCI India), with less volatility, over rolling 5 year periods.
Managed Funds
India Avenue
International Equities
1.50%
N/A
0.35% / 0.35%
N/A
70%-100% / 0%-30%
Active
Annually
3 Days
4 Days
AUT
$94.14M
06/09/2016
No
0.48%
−3.19%
12.26%
32.46%
14.97%
15.64%
–
Lighthouse Global Equity Fund
The Fund invests in very large capitalisation stocks and ETFs listed on the NYSE and Nasdaq stock markets. The investment objective of the Fund is to deliver long-run pre-tax returns (after fees and expenses) that are at least 2% pa above the return of the MSCI All Country World Net Index, and to minimise the Fund’s “losing years” – that is financial years where investors receive a negative return, or loss, rather than a positive return. The Fund may use leverage of up to 30% of NAV. The Fund’s foreign currency exposures are not hedged back to New Zealand dollars.
Managed Funds
Lighthouse
International Equities
1.05%
5.83%
0.10% / 0.10%
7
98% / 2%
Active
–
2 Days
2 Days
PIE
$16.41M
01/03/2021
No
8.36%
11.16%
16.69%
79.81%
14.64%
–
–
Mercer All Country Global Shares Index Fund
The fund is a passively managed international shares portfolio that is designed to track the return of the MSCI All Country World ex Tobacco Index. The fund targets a position of being 69% gross hedged to the New Zealand dollar. The hedges are based on the currency components of the underlying index.
Managed Funds & KiwiSaver
Mercer
International Equities
0.46%
0.46%
0.07% / 0.12%
5
100% / 0%
Passive
Semi-annually
2 Days
2 Days
PIE
$79.98M
27/11/2017
Yes
0.27%
2.35%
9.72%
29.92%
7.63%
10.93%
–
Mercer Australian Property Index Fund
The fund is a passively managed portfolio that provides access to Australian listed property. It is designed to track the return of the S&P/ASX 200 A-REIT Accumulation Index fully hedged to New Zealand dollars. The fund is fully hedged to the New Zealand dollar.
Managed Funds
Mercer
Listed Property
0.80%
0.80%
0.18% / 0.18%
7
100% / 0%
Passive
Semi-annually
2 Days
2 Days
PIE
$11.52M
01/06/1995
No
−2.35%
3.78%
13.32%
48.67%
5.42%
4.89%
–
Mercer Core Global Shares Fund
The fund invests in shares listed on share markets predominately in developed economies. The portfolio uses multiple managers and is diversified by region, manager and investment approaches.
Managed Funds
Mercer
International Equities
1.51%
1.51%
0.13% / 0.13%
5
100% / 0%
Active
–
2 Days
2 Days
PIE
$63.31M
26/11/2007
No
5.34%
3.21%
9.42%
29.54%
15.49%
13.44%
12.60%
Mercer Core Hedged Global Shares Fund
The fund invests in shares listed on share markets predominately in developed economies, and is fully hedged to the New Zealand dollar. The portfolio uses multiple managers and is diversified by region, manager and investment approaches.
Managed Funds
Mercer
International Equities
1.74%
1.74%
0.17% / 0.17%
6
100% / 0%
Active
–
2 Days
2 Days
PIE
$20.51M
26/11/2007
No
−2.56%
3.09%
8.90%
31.19%
6.50%
10.32%
9.13%
Mercer Emerging Markets Shares Fund
The fund invests in shares listed on share markets in emerging economies. The portfolio is managed using a single manager.
Managed Funds
Mercer
International Equities
2.07%
2.07%
0.25% / 0.25%
5
100% / 0%
Active
–
2 Days
2 Days
PIE
$6.06M
01/11/2007
No
1.50%
3.11%
6.09%
18.02%
2.63%
3.34%
4.92%
Mercer Ethical Leaders Balanced Fund
The fund is a diversified portfolio with a slightly higher allocation to a mix of growth assets (e.g., shares and listed property) relative to a mix of income assets (e.g., cash and fixed income). The fund has been certified by the Responsible Investment Association of Australasia.
Managed Funds & KiwiSaver
Mercer
Diversified
1.32%
1.32%
0.16% / 0.13%
4
65% / 35%
Active
–
2 Days
2 Days
PIE
$36.92M
11/08/2009
Yes
0.58%
1.23%
6.69%
19.45%
2.61%
4.83%
5.67%
Mercer Ethical Leaders Global Shares Fund
The fund invests in shares listed on international share markets managed within a sustainable approach. The fund is managed to specific ‘sustainable investment’ criteria which prohibits investments in certain companies or activities, and encourages investment in companies with strong environmental, social and governance characteristics. This fund has additional exclusions applied as described in our Sustainable Investment Policy and has been certified by the Responsible Investment Association of Australasia (RIAA).
Managed Funds
Mercer
International Equities
1.53%
1.53%
0.15% / 0.10%
5
100% / 0%
Active
–
2 Days
2 Days
PIE
$14.03M
06/11/2007
No
1.92%
4.38%
10.75%
32.59%
8.07%
10.42%
9.06%
Mercer Ethical Leaders Hedged Global Fixed Interest Index Fund
The fund is a passively managed international fixed interest portfolio that is designed to track the return of the Bloomberg Barclays MSCI Global Aggregate SRI Select ex Fossil Fuels Index. The fund is fully hedged to New Zealand dollars. As described in our Sustainable Investment Policy, this fund is managed to specific ‘sustainable investment’ criteria which prohibits investments in certain companies or activities, and encourages investment in companies with strong environmental, social and governance characteristics.
Managed Funds & KiwiSaver
Mercer
International Fixed Interest
0.44%
0.44%
0.16% / 0.06%
4
0% / 100%
Passive
Semi-annually
2 Days
2 Days
PIE
$528.68M
27/11/2017
Yes
−1.61%
0.56%
4.14%
8.68%
−1.97%
−0.67%
–
Mercer Ethical Leaders NZ Shares Fund
The fund is a diversified portfolio of predominantly New Zealand shares across a range of industries and sectors. The portfolio may also invest in Australian shares. The fund is managed to specific ‘sustainable investment’ criteria which prohibits investments in certain companies or activities, and encourages investment in companies with strong environmental, social and governance factors and also actively engages on key thematic engagements each year. This fund has additional exclusions applied as described in our Sustainable Investment Policy and has been certified by the Responsible Investment Association of Australasia (RIAA).
Managed Funds
Mercer
Australasian Equities
0.91%
0.91%
0.25% / 0.25%
5
100% / 0%
Active
–
2 Days
2 Days
PIE
$36.4M
12/12/2012
No
1.56%
3.69%
9.16%
24.04%
−0.82%
6.11%
10.36%
Mercer Global Shares Fund
The fund invests in international shares listed on share markets around the world by using investment managers from around the world which are combined in a multi-manager fund.
Managed Funds
Mercer
International Equities
1.41%
1.41%
0.12% / 0.11%
5
100% / 0%
Active
–
2 Days
2 Days
PIE
$28.82M
13/12/1994
No
1.03%
3.25%
9.14%
30.22%
9.31%
10.95%
10.33%
Mercer Income Generator Fund
The fund aims to provide a gross fixed monthly income in excess of bank deposit rates, along with a positive return on capital over the long term. To achieve this, the fund invests in a diversified mix of growth and defensive assets, with a focus on reliable income generation.
Managed Funds
Mercer
Diversified
0.95%
1.00%
0.16% / 0.13%
4
40% / 60%
Active
–
2 Days
2 Days
PIE
$33.56M
30/06/2014
No
0.25%
0.56%
4.63%
12.57%
2.63%
3.56%
5.70%
Mercer Macquarie Australian Shares Fund
The fund is a diversified portfolio of Australian shares across a range of industries and sectors.
Managed Funds
Mercer
Australasian Equities
0.49%
0.49%
0.20% / 0.20%
6
100% / 0%
Active
–
2 Days
2 Days
PIE
$373.43M
17/09/1996
No
−0.06%
2.29%
8.90%
26.35%
9.21%
8.18%
7.13%
Mercer Macquarie Global Income Opportunities Fund
The fund is a diversified portfolio of highly rated global fixed interest securities. At the total portfolio level the fund will have a shorter maturity than most traditional fixed interest funds, with an emphasis on minimising capital loss.
Managed Funds
Mercer
International Fixed Interest
1.17%
1.17%
0.13% / 0.13%
3
0% / 100%
Active
Semi-annually
2 Days
2 Days
PIE
$9.22M
11/05/2012
No
−0.48%
1.57%
3.92%
8.76%
1.92%
1.58%
2.12%
Mercer Macquarie Global Listed Infrastructure Fund
The fund invests in infrastructure securities in both developed and emerging markets across a range of sectors. This provides access to a range of infrastructure sectors across geographic regions, with active portfolio management that seeks to target excess returns and predictable, stable cash flows.
Managed Funds
Mercer
Other
1.36%
1.36%
0.25% / 0.25%
6
100% / 0%
Active
Semi-annually
2 Days
2 Days
PIE
$191.4M
07/09/2012
No
−1.93%
2.90%
11.79%
20.44%
6.08%
5.58%
6.68%
Mercer Macquarie Global Listed Real Estate Fund
The fund invests in a global portfolio of property securities listed on stock exchanges around the world. It aims to generate medium to high returns over the long term by investing in a broad range of property regions, sectors and securities through a single fund.
Managed Funds & KiwiSaver
Mercer
Listed Property
1.36%
1.36%
0.25% / 0.25%
6
100% / 0%
Active
Semi-annually
2 Days
2 Days
PIE
$186.29M
29/11/2007
Yes
−2.77%
4.86%
13.43%
25.42%
−3.62%
0.43%
4.31%
Mercer Macquarie NZ Cash Fund
The fund is an actively managed portfolio of bank bills, floating rate notes and short term securities and liquid deposits and is a very low risk product that targets capital security.
Managed Funds & KiwiSaver
Mercer
Cash and Cash Equivalents
0.30%
0.30%
0% / 0%
2
0% / 100%
Active
Monthly
2 Days
2 Days
PIE
$290.76M
01/06/1995
Yes
0.41%
1.31%
2.77%
5.68%
4.14%
2.69%
2.60%
Mercer Macquarie NZ Fixed Interest Fund
The fund is an actively managed portfolio of fixed interest securities, focusing predominantly on government bonds and corporate securities in the New Zealand market.
Managed Funds & KiwiSaver
Mercer
New Zealand Fixed Interest
0.60%
0.60%
0.10% / 0.10%
3
0% / 100%
Active
Semi-annually
2 Days
2 Days
PIE
$316.29M
05/06/1995
Yes
−0.55%
0.95%
5.43%
10.99%
1.29%
−0.02%
2.62%
Mercer Macquarie NZ Short Duration Fund
The fund is an actively managed portfolio of fixed interest securities, focusing predominantly on corporate securities in the New Zealand and Australian market with a shorter average maturity than a standard fixed interest fund.
Managed Funds
Mercer
New Zealand Fixed Interest
0.64%
0.64%
0.05% / 0.05%
2
0% / 100%
Passive
Semi-annually
2 Days
2 Days
PIE
$63.23M
28/09/2007
No
0.14%
1.89%
4.88%
8.32%
3.22%
1.99%
2.96%
Mercer Macquarie Real Return Opportunities Fund
The fund is a diversified fund that aims to generate a positive return above inflation and to actively respond to changing market conditions with a flexible approach to investing.
Managed Funds
Mercer
Diversified
1.50%
1.50%
0.13% / 0.14%
4
5% / 95%
Active
Semi-annually
2 Days
2 Days
PIE
$4.85M
11/12/2013
No
−0.80%
1.30%
3.99%
9.39%
0.89%
3%
3.50%
Mercer NZ Shares Passive Fund
The fund is a passively managed New Zealand shares portfolio that is designed to track the return of the S&P/NZX 50 Index.
Managed Funds & KiwiSaver
Mercer
Australasian Equities
0.34%
0.34%
0.13% / 0.13%
5
100% / 0%
Passive
Semi-annually
2 Days
2 Days
PIE
$389.76M
27/11/2017
Yes
1.72%
2.24%
6.14%
18.02%
−0.59%
3.69%
–
Milford Active Growth Fund
The Fund’s objective is to provide annual returns of 10% after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of seven years. It is a diversified fund that primarily invests in equities, with a moderate allocation to fixed interest securities.
Managed Funds & KiwiSaver
Milford
Diversified
1.20%
1.87%
0.10%**
5
78% / 22%
Active
–
2 Days
2 Days
PIE
$4,113.54M
01/10/2007
Yes
0.72%
0.81%
5.60%
21.78%
6.11%
9.41%
10.30%
Milford Aggressive Fund
The Fund’s objective is to maximise capital growth after the base fund fee but before tax and before any indirect performance fee, over the minimum recommended investment timeframe of ten years. It primarily invests in international equities, with a moderate allocation to Australasian equities.
Managed Funds & KiwiSaver
Milford
Diversified
1.15%
1.15%
0.09%**
5
95% / 5%
Active
Semi-annually
2 Days
2 Days
PIE
$2,391.23M
21/06/2021
Yes
0.03%
0.19%
5.63%
26.74%
5.43%
–
–
Milford Australian Absolute Growth Fund
The Fund’s targets an absolute return with an annualised return objective of 5% above the New Zealand Official Cash Rate while seeking to protect capital after the base fund fee but before tax and before the performance fee, over rolling three year periods. The Fund has a minimum recommended investment timeframe of seven years.
It is a diversified fund that primarily invests in Australasian equities, complemented by selective exposure to international equities, fixed interest securities and cash.
Managed Funds
Milford
Australasian Equities
1.25%
1.05%
0.11%**
4
82.5% / 17.5%
Active
–
2 Days
2 Days
PIE
$676.85M
01/03/2018
No
−2.06%
−2.51%
−1.61%
10.02%
3.82%
7.22%
–
Milford Balanced Fund
The Fund’s objective is to provide capital growth after management and administration charges but before tax and before the performance fee over the minimum recommended investment timeframe of five years. It is a diversified fund that primarily invests in equities, with a significant allocation to fixed interest securities.
Managed Funds & KiwiSaver
Milford
Diversified
1.06%
1.28%
0.11%**
4
61% / 39%
Active
–
2 Days
2 Days
PIE
$1,965.73M
01/04/2010
Yes
0.57%
0.38%
4.48%
16.15%
4.51%
7.05%
8.17%
Milford Cash Fund
The Fund’s objective is to provide a return above the New Zealand Official Cash Rate. It primarily invests in New Zealand cash, short-dates debt securities and term deposits.
Managed Funds
Milford
Cash and Cash Equivalents
0.20%
0.20%
0.00%**
1
0% / 100%
Active
–
2 Days
2 Days
PIE
$703.15M
01/03/2019
No
0.44%
1.36%
2.83%
5.78%
4.21%
2.76%
–
Milford Conservative Fund
The Fund’s objective is to provide a moderate return and protect capital after management and administration charges but before tax over the minimum recommended investment timeframe of three years. It is a diversified fund that primarily invests in fixed interest securities, with a moderate allocation to equities.
Managed Funds & KiwiSaver
Milford
Diversified
0.85%
0.95%
0.10%**
3
18% / 82%
Active
Quarterly
2 Days
2 Days
PIE
$588.52M
01/09/2015
Yes
−0.32%
1.22%
5.21%
12.17%
3.44%
3.47%
–
Milford Diversified Income Fund
The Fund’s objective is to provide income and capital growth after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of four years. It is a diversified fund that primarily invests in fixed interest and equity income-generating securities.
Managed Funds
Milford
Diversified
0.85%
0.65%
0.12%**
4
40% / 60%
Active
Quarterly
2 Days
2 Days
PIE
$2,792.32M
01/04/2010
No
−0.35%
1.42%
5.62%
14.16%
4.10%
4.39%
7.20%
Milford Global Corporate Bond Fund
The Fund’s objective is to protect capital and generate a positive, NZD hedged return after management and administration charges but before tax that exceeds the relevant benchmark over the minimum recommended investment timeframe of three years.
Managed Funds
Milford
International Fixed Interest
0.85%
0.85%
0.11%**
3
0% / 100%
Active
–
2 Days
2 Days
PIE
$327.21M
01/02/2017
No
−2.02%
0.74%
5.07%
10.32%
1.20%
1.84%
–
Milford Global Equity Fund
The Fund’s objective is to provide capital growth after management and administration charges but before tax and before the performance fee by outperforming the relevant share market index over the minimum recommended investment timeframe of eight years. It is primarily invested in international equities.
Managed Funds
Milford
International Equities
1.35%
1.35%
0.07%**
6
95% / 5%
Active
Quarterly
2 Days
2 Days
PIE
$1,036.47M
12/04/2013
No
1.02%
−0.15%
5.31%
27.35%
4.03%
10.74%
9.26%
Milford Trans-Tasman Bond Fund
The Fund’s objective is to generate a positive, low return after management and administration charges but before tax that exceeds the relevant benchmark over the minimum recommended investment timeframe of three years.
Managed Funds
Milford
New Zealand Fixed Interest
0.65%
0.65%
0.11%**
3
0% / 100%
Active
–
2 Days
2 Days
PIE
$1,328.69M
02/12/2013
No
−0.64%
1.14%
4.82%
10.49%
2.89%
2.05%
3.74%
Milford Trans-Tasman Equity Fund
The Fund’s objective is to provide capital growth after management and administration charges but before tax and before the performance fee by outperforming a mix of two relevant share market indices over the minimum recommended investment timeframe of eight years. It is primarily invested in Australasian equities.
Managed Funds
Milford
Australasian Equities
1.05%
1.05%
0.14%**
5
95% / 5%
Active
Quarterly
2 Days
2 Days
PIE
$761.59M
01/10/2007
No
0.34%
1.91%
7.12%
22.45%
3.51%
8.48%
10.73%
Mint Australasian Equity Fund
This Fund typically invests in New Zealand and Australian listed equities and has an investment objective of outperforming the S&P/NZX50 Gross Index by 3% per annum, before fees, over the medium to long-term.
Managed Funds & KiwiSaver
Mint
Australasian Equities
1.19%
1.19%
0% / 0%
5
95% / 5%
Active
–
3 Days
3 Days
PIE
$217.71M
15/02/2007
Yes
1.82%
2.20%
6.24%
21.82%
0.58%
4.52%
9.60%
Mint Australasian Property Fund
This Fund typically invests in New Zealand and Australian listed property securities and has an investment objective of outperforming the S&P/NZX All Real Estate (Industry Group) Gross Index by 1% per annum, before fees, over the medium to long-term.
Managed Funds
Mint
Listed Property
1.05%
1.05%
0% / 0%
5
95% / 5%
Active
–
3 Days
3 Days
PIE
$19.5M
31/12/2007
No
1%
4.90%
4.35%
15.89%
−4.03%
−0.61%
6.13%
Mint Diversified Growth Fund
This Fund offers a diversified portfolio and aims to provide capital growth over the long-term. The Fund invests primarily in New Zealand and international equities, but will also hold cash and fixed interest securities. The objective of the Fund is to deliver returns in excess of the Consumers Price Index (CPI) by 4.5% per annum, before fees, over the medium to long-term. The relevant market index for the Fund is a composite index derived from the underlying asset classes of the Fund.
Managed Funds & KiwiSaver
Mint
Diversified
1.21%
1.18%
0% / 0%
5
80% / 20%
Active
–
3 Days
3 Days
PIE
$45.4M
10/12/2018
Yes
−0.47%
2.26%
7.00%
21%
0.97%
8.00%
–
Mint Diversified Income Fund
This Fund offers diversification by investing across a number of asset classes both in New Zealand and internationally. These include cash, fixed interest, listed property, and equites. The objective of the Fund is to deliver a total return (through a combination of income and capital growth) in excess of the Consumers Price Index (CPI) by 3% per annum, before fees, over the medium to long-term. The relevant market index for the Fund is a composite index derived from the underlying asset classes of the Fund.
Managed Funds & KiwiSaver
Mint
Diversified
0.98%
0.95%
0% / 0%
4
30% / 70%
Active
Quarterly
3 Days
3 Days
PIE
$69.69M
31/08/2014
Yes
−0.02%
1.90%
6.32%
13.29%
1.79%
2.60%
4.19%
Mint New Zealand SRI Equity Fund
Mint’s New Zealand SRI Equity Fund is a single asset class Fund, which typically invests in New Zealand listed equities. Investors should expect returns and risk commensurate with the New Zealand share market. The Fund has been designed to meet specific responsible investment criteria, with the aim of building a portfolio where the holdings in aggregate, generate a better ESG score in our systems than the benchmark S&P/NZX50 Gross Index. The Fund has an investment objective of outperforming the S&P/NZX50 Gross Index by 2% per annum, before fees, over the medium to long-term.
Managed Funds
Mint
Australasian Equities
0.95%
0.95%
0% / 0%
5
95% / 5%
Active
–
3 Days
3 Days
PIE
$94.71M
12/10/2017
No
2.76%
4.07%
5.92%
17.55%
−0.59%
4.89%
–
Nikko AM Concentrated Equity Fund
The Nikko AM Concentrated Equity Fund aims to outperform the RBNZ Official Cash Rate plus 5.0% per annum over a rolling three year period before fees, expenses and taxes. This fund aims to provide investors with concentrated exposure to New Zealand and Australian equity markets from an actively managed investment portfolio. This fund has a high level of volatility.
Managed Funds
Nikko
Australasian Equities
1.15%
1.15%
0.29% / 0.29%
5
100% / 0%
Active
Semi-annually
2 Days
2 Days
PIE
$22.85M
21/08/2006
No
3.51%
3.22%
6.25%
21.07%
0.38%
6.27%
9.83%
Nikko AM Core Equity Fund
The Nikko AM Core Equity Fund aims to outperform the S&P/NZX 50 Index Gross with Imputation credits by 3.0% per annum over a rolling three year period before fees, expenses and taxes. This fund aims to provide investors with exposure to New Zealand and Australian equity markets from an actively managed investment portfolio with potential for growth of income and capital. This fund has a high level of volatility.
Managed Funds
Nikko
Australasian Equities
0.95%
0.95%
0.29% / 0.29%
5
100% / 0%
Active
Semi-annually
2 Days
2 Days
PIE
$27.53M
05/05/2010
No
2.11%
2.31%
5.59%
17.52%
0.30%
4.46%
9.90%
Nikko AM Global Shares Fund
Aims to outperform the MSCI All Countries World Index (net dividends reinvested), expressed in NZD (unhedged) by 3.0% p.a. over a rolling three year period before fees, expenses and taxes. This fund aims to provide investors with a relatively concentrated actively managed investment portfolio of global equities to achieve long term capital growth. This fund has a high level of volatility.
Managed Funds
Nikko
International Equities
1.20%
1.20%
0.07% / 0.07%
5
100% / 0%
Active
–
2 Days
2 Days
PIE
$115.43M
22/08/2017
No
6.01%
6.86%
13.57%
38.59%
10.36%
13.53%
–
Nikko AM Global Shares Hedged Fund
Aims to outperform the MSCI All Countries World Index (net dividends reinvested), gross hedged 139% to NZD by 3.0% p.a. over a rolling three year period before fees, expenses and taxes. This fund aims to provide investors with a relatively concentrated actively managed investment portfolio of global equities to achieve long term capital growth with currency exposure created as a consequence of global equity investment hedged to the NZD. This fund has a very high level of volatility.
Managed Funds
Nikko
International Equities
1.20%
1.20%
0.07% / 0.07%
6
100% / 0%
Active
–
2 Days
2 Days
PIE
$185.18M
10/05/2019
No
0.79%
8.11%
13.24%
41.02%
1.83%
10.35%
–
Nikko AM Income Fund
Aims to provide investors with regular income from an actively managed investment portfolio and to outperform the Fund’s benchmark return over a rolling three year period before fees and taxes. The fund has a medium to high level of volatility
Managed Funds
Nikko
New Zealand Fixed Interest
0.80%
0.80%
0.10% / 0.10%
4
35% / 65%
Active
Quarterly
2 Days
2 Days
PIE
$3.35M
16/10/2007
No
0.41%
1.93%
5.73%
10.66%
1.48%
1.74%
3.22%
Nikko AM NZ Corporate Bond Fund
Aims to outperform the Bloomberg NZBond Credit 0+ Year Index by 0.70% p.a. over a rolling three year period before fees, expenses and taxes. Aims to provide investors with regular income. Low to medium level of volatility.
Managed Funds
Nikko
New Zealand Fixed Interest
0.70%
0.70%
0% / 0%
3
0% / 100%
Active
Quarterly
2 Days
2 Days
PIE
$384.27M
13/07/2009
No
−0.71%
0.96%
5.44%
11.31%
2.88%
1.68%
3.65%
Octagon Australian Equities
The fund aims to achieve positive long-term returns by investing mostly in Australian shares, and can invest in New Zealand listed shares, where the company has meaningful operations in Australia. These investments typically have very high levels of movement up and down in value.
Managed Funds
Octagon
Australasian Equities
1.17%
1.17%
0% / 0%
6
95% / 5%
Active
–
3 Days
3 Days
PIE
$99.41M
26/06/2008
No
−1.53%
0.62%
6.09%
24.01%
9.06%
8.58%
6.46%
Octagon Balanced fund
The fund aims to achieve positive long-term returns by selecting a mix of cash, fixed interest, equity and property investments. Investors can expect moderate to high levels of movement up and down in value, and to receive longer-term returns that are lower than those of the Growth Fund (but with less risk).
Managed Funds
Octagon
Diversified
1.17%
1.17%
0% / 0%
4
55% / 45%
Active
–
3 Days
3 Days
PIE
$47.95M
11/12/2020
No
−0.21%
1.27%
4.95%
15.69%
3.02%
–
–
Octagon New Zealand Equities
The fund aims to achieve positive long-term returns by investing mostly in New Zealand shares, and can invest in Australian listed shares, where the company has meaningful operations in New Zealand. These investments typically have high levels of movement up and down in value.
Managed Funds
Octagon
Australasian Equities
1.17%
1.17%
0% / 0%
5
95% / 5%
Active
–
3 Days
3 Days
PIE
$113.43M
26/06/2008
No
2.11%
2.94%
4.28%
14.41%
0.35%
4.94%
10.28%
Pathfinder Ethical Growth Fund
A highly diversified global portfolio that invests in companies meeting Pathfinder’s Ethical Investment guidelines. These guidelines focus on selecting companies benefitting our planet and people, and also excluding companies and industries that are harmful. The team at Pathfinder believes this approach will deliver both financial returns and better environmental and social outcomes. The Pathfinder Ethical Growth Fund has a portfolio with a higher exposure to growth assets and a lower exposure to income assets. Investments are spread across multiple asset types, geographies, companies and sectors to provide diversification. The investment strategy includes management of foreign currency exposure to New Zealand dollars.
Managed Funds & KiwiSaver
Pathfinder
Diversified
1.33%
1.30%
0% / 0%
5
71.8% / 28.2%
Active
–
3 Days
3 Days
PIE
$65.25M
17/08/2020
Yes
0.06%
0.41%
7.18%
22.42%
3.77%
–
–
Pathfinder Ethical Trans-Tasman Fund
The Fund invests directly in Australasian equities that satisfy Pathfinder’s ethical investment criteria. The fund is an actively managed, high conviction portfolio of Australian and New Zealand stocks. Investments are chosen based on a combination of top-down macroeconomic views and bottom-up stock specific selection factors. The Portfolio will hold 10-40 positions at a given time with the ability to go to cash to protect against down-side risk. The fund is benchmark unaware and returns may deviate significantly from the market index.
Managed Funds
Pathfinder
Australasian Equities
1.02%
1.02%
0% / 0%
5
100% / 0%
Active
–
3 Days
3 Days
PIE
$12.39M
18/09/2019
No
0.70%
2.34%
10.80%
27.22%
2.17%
9.64%
–
Pathfinder Global Property Fund
Property stocks can behave differently to the wider stock market and can provide an inflation protection. Global property provides diversification – across countries, sectors, company sizes, sources of revenue and management styles. This Fund is designed to provide a liquid and currency-managed global listed property exposure, including an allocation to New Zealand.
Stocks are screened on environmental, social and governance (ESG) criteria.
Managed Funds
Pathfinder
Listed Property
1.02%
1.02%
0.05% / 0.05%
6
100% / 0%
Active
–
3 Days
3 Days
PIE
$15.88M
23/07/2015
No
−0.43%
5.46%
13.30%
27.95%
−0.55%
−1.03%
–
Pathfinder Global Responsibility Fund
Every diversified portfolio should have global equity exposure. This Fund is a core global equity portfolio targeting 250 large and mid-cap stocks from around the developed world. Environmental, Social and Governance (ESG) factors are fully integrated into the investment process. A number of responsible investment (RI) screens are also applied to the stock selection process.
Managed Funds
Pathfinder
International Equities
0.94%
0.94%
0% / 0%
5
100% / 0%
Active
–
3 Days
3 Days
PIE
$95.79M
02/10/2017
No
0.29%
0.00%
6.57%
25.88%
7.08%
11.29%
–
Pathfinder Global Water Fund
Investment in the water industry is driven by several strong macro themes – infrastructure, urbanisation, climate change effects and global population growth. The Fund invests in water stocks which include industrial companies (pipe, pump and irrigation manufacturers), specialist engineering companies, specialist chemical producers, water utilities and technology companies (desalination and water metering).
Stocks are screened on environmental, social and governance (ESG) criteria.
Managed Funds
Pathfinder
International Equities
1.32%
1.31%
0.05% / 0.05%
6
100% / 0%
Active
–
3 Days
3 Days
PIE
$78.07M
21/04/2010
No
−1.23%
−2.24%
3.24%
25.33%
4.48%
8.25%
8.78%
Pie Australasian Dividend Growth Fund
The Fund is designed to achieve income and capital growth over a period exceeding five years. Investment predominantly in listed Australasian smaller and medium companies that pay dividends or will produce cash-flow available for future distributions and may also invest in other financial products such as cash and unlisted equities.
Managed Funds
Pie Funds
Australasian Equities
1.88%
1.85%
0% / 0%
6
100% / 0%
Active
Semi-annually
3 Days
10 Days
PIE
$374.11M
16/09/2011
No
−0.20%
−0.39%
4.14%
25.22%
4.82%
11.90%
12.83%
Pie Global Growth 2 Fund
The Fund is designed to achieve capital growth over a period exceeding five years. Investment predominantly in listed international large companies. It may also invest in other types of financial products such as cash and unlisted equities.
Managed Funds
Pie Funds
International Equities
1.52%
1.47%
0% / 0%
5
100% / 0%
Active
–
3 Days
10 Days
PIE
$389.24M
01/05/2018
No
−2.49%
−0.31%
5.29%
24.65%
2.38%
7.10%
–
Pie Growth UK & Europe Fund
The Fund is designed to achieve capital growth over a period exceeding five years. Investment predominantly in listed UK & European smaller companies. It may also invest in other types of financial products such as cash and unlisted equities.
Managed Funds
Pie Funds
International Equities
1.89%
1.86%
0% / 0%
5
100% / 0%
Active
–
3 Days
10 Days
PIE
$108.84M
01/11/2016
No
−0.47%
−4.23%
3.95%
23.23%
−1.74%
9.38%
–
QuayStreet Income Fund
A diversified portfolio with an emphasis on income producing assets. The objective is to provide a level of return above the Fund’s benchmark over the long term, while preserving the real value of investments relative to inflation.
Managed Funds
QuayStreet
Diversified
0.76%
0.76%
0% / 0%
3
20% / 80%
Active
Quarterly
2 Days
2 Days
PIE
$203.37M
30/09/2014
No
−0.05%
1.81%
5.14%
9.48%
4.19%
3.37%
4.70%
QuayStreet NZ Equity Fund
Primarily invests in shares from the New Zealand market. The objective is to provide a level of return above the Fund’s benchmark over the long term.
Managed Funds
QuayStreet
Australasian Equities
1.28%
1.27%
0% / 0%
5
100% / 0%
Active
–
2 Days
2 Days
PIE
$168.59M
30/11/2010
No
1.69%
1.34%
5.20%
16.75%
0.49%
5.09%
9.75%
Russell Investments Global Fixed Interest Fund
Russell Investments Global Fixed Interest Fund is a PIE Fund providing exposure to a global fixed interest portfolio managed actively on a multi-manager basis. The Fund’s underlying investment exposure comprises of a diversified range of fixed interest investments, including international government securities, government-related securities, corporate securities, asset-backed securities and hybrid securities in both developed and emerging markets around the globe.
Managed Funds & KiwiSaver
Russell
International Fixed Interest
0.59%
0.59%
0.15% / 0.15%
4
0% / 100%
Active
Semi-annually
3 Days
4 Days
PIE
$532.92M
21/12/2011
Yes
−2.26%
0.01%
3.92%
8.63%
−1.95%
−0.31%
2.21%
Russell Investments Global Listed Infrastructure Fund
The Russell Investments Global Listed Infrastructure Fund provides targeted exposure to the global listed infrastructure sector via an actively managed multi-manager portfolio. The objective of the fund is to outperform the S&P Global Infrastructure Index – NZDH (Net TR) consistently over time.
Managed Funds
Russell
International Equities
1.05%
1.06%
0.17% / 0.12%
6
100% / 0%
Active
Semi-annually
3 Days
4 Days
PIE
$130.33M
17/03/2022
No
−0.51%
4.65%
12.02%
26.53%
–
–
–
Russell Investments Global Shares Fund
Russell Investments Global Shares Fund is a PIE Fund providing exposure to an actively managed global shares portfolio.
Managed Funds & KiwiSaver
Russell
International Equities
0.89%
0.91%
0.18% / 0.13%
5
100% / 0%
Active
Semi-annually
3 Days
4 Days
PIE
$311.42M
14/11/2012
Yes
3.84%
2.08%
7.97%
25.34%
10.70%
11.06%
10.89%
Russell Investments Hedged Global Shares Fund
Russell Investments Hedged Global Shares Fund is a PIE Fund providing exposure to an actively managed global shares portfolio, which is typically hedged to New Zealand Dollars.
Managed Funds & KiwiSaver
Russell
International Equities
0.92%
0.94%
0.20% / 0.15%
6
100% / 0%
Active
Semi-annually
3 Days
4 Days
PIE
$265.41M
24/07/2012
Yes
−1.83%
1.94%
7.77%
27.22%
5.02%
9.25%
8.86%
Russell Investments Hedged Sustainable Global Shares Fund
The Russell Investments Hedged Sustainable Global Shares Fund is a PIE Fund providing ultra low-cost, diversified exposure to the global share market and targets being fully hedged to the New Zealand dollar. The Fund is designed to provide access to a broad range of global shares, in developed and emerging markets, while reducing exposure to carbon emissions and fossil fuel reserves by 50% compared to its broad market benchmark. The Fund also increases exposure to companies with a high responsible investment rating and to those participating in the transition to renewable energy.
Managed Funds
Russell
International Equities
0.34%
0.34%
0.14% / 0.12%
6
100% / 0%
Active
Semi-annually
3 Days
4 Days
PIE
$589.15M
14/12/2021
No
−1.18%
2.27%
10.34%
32.23%
–
–
–
Russell Investments NZ Fixed Interest Fund
Russell Investments NZ Fixed Interest Fund is a PIE Fund and actively managed portfolio of what we consider to be quality New Zealand fixed interest investments designed for investors who wish to invest in a broadly diversified portfolio of fixed interest securities.
Managed Funds & KiwiSaver
Russell
New Zealand Fixed Interest
0.49%
0.51%
0.10% / 0.15%
3
0% / 100%
Active
Semi-annually
3 Days
4 Days
PIE
$135.17M
14/02/2013
Yes
−0.47%
1.03%
5.53%
11.34%
1.56%
0.29%
2.69%
Russell Investments NZ Shares Fund
Russell Investments NZ Shares Fund* is a PIE Fund providing exposure to a diversified portfolio of predominately New Zealand and Australian shares, managed actively with the aim of outperforming the broader market. *As at 3 September 2014 the Fund became the Russell Investments NZ Shares Fund.
Managed Funds
Russell
Australasian Equities
0.79%
0.80%
0.30% / 0.30%
5
100% / 0%
Active
Semi-annually
3 Days
4 Days
PIE
$191.1M
14/02/2013
No
1.92%
2.03%
5.40%
17.55%
−0.84%
3.88%
9.01%
Russell Investments Sustainable Global Shares Fund
The Russell Investments Sustainable Global Shares Fund is a PIE Fund providing ultra low-cost, diversified exposure to the global share market. The Fund is designed to provide access to a broad range of global shares, in developed and emerging markets, while reducing exposure to carbon emissions and fossil fuel reserves by 50% compared to its broad market benchmark. The Fund also increases exposure to companies with a high responsible investment rating and to those participating in the transition to renewable energy.
Managed Funds
Russell
International Equities
0.32%
0.32%
0.12% / 0.10%
5
100% / 0%
Active
Semi-annually
3 Days
4 Days
PIE
$290.96M
14/12/2021
No
4.48%
2.34%
10.46%
30.17%
–
–
–
Salt Enhanced Property Fund
The Fund’s strategy is to invest in a portfolio of shares of New Zealand and Australian property trusts, companies and other securities with exposure to property and property-related sectors. The Fund’s investment objective is to outperform the S&P/NZX All Real Estate Gross Index benchmark by holding “long-only” New Zealand and Australian property and property-related securities, short selling securities, holding cash and levering its assets. The Fund aims to own securities whose sustainable dividend yields are attractive relative to their property quality and financial leverage, while short-selling securities whose yields are too low.
Managed Funds & KiwiSaver
Salt
Listed Property
1.05%
1.02%
0.20% / 0.20%
5
95% / 5%
Active
Semi-annually
3 Days
3 Days
PIE
$20.92M
11/11/2014
Yes
1.45%
4.55%
2.89%
12.27%
−4.10%
−0.13%
–
Salt Long Short Fund
The Fund aims to deliver positive absolute returns in all market environments with low/no correlation to long only equity indices. In addition to holding “long-only” NZ and Australian securities, the Fund may, at our discretion short sell securities, hold cash, lever its assets and utilise active currency management to generate returns.
Managed Funds
Salt
Australasian Equities
2.17%
2.12%
0.20% / 0.20%
4
30% / 70%
Active
–
3 Days
3 Days
PIE
$95.11M
30/06/2014
No
0.71%
5.32%
12.41%
24.44%
14.27%
13.99%
10.77%
Salt NZ Dividend Appreciation Fund
The Fund’s strategy is to invest in a portfolio of shares listed on the New Zealand share market that have high and sustainable dividend yields. Research suggests that companies that pay strong and sustainable dividends tend to have strong free cashflow generation that can be returned to shareholders or reinvested in their business. Such companies tend to outperform their index benchmarks in most timeframes excluding strong bull markets.
Managed Funds & KiwiSaver
Salt
Australasian Equities
1.11%
1.08%
0.20% / 0.20%
5
100% / 0%
Active
Semi-annually
3 Days
3 Days
PIE
$100.39M
30/06/2015
Yes
1.99%
4.25%
9.09%
22.65%
2.90%
6.37%
–
Smart Asia Pacific ETF
Invests in international shares and is designed to track the return on the FTSE Developed Asia Pacific All Cap Index.
Managed Funds
Smart
International Equities
0.55%
0.55%
Market Driven
5
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$120.16M
29/07/2015
No
−0.12%
−2.04%
0.36%
14.87%
5.11%
5.02%
–
Smart Australian Dividend ETF
Invests in Australian shares and is designed to track the return on the S&P/ASX Dividend Opportunities Index.
Managed Funds
Smart
Australasian Equities
0.54%
0.54%
Market Driven
6
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$39.26M
16/12/2014
No
−1.24%
−0.38%
2.43%
15.54%
10.42%
6.86%
–
Smart Australian Financials ETF
Invests in Australian shares and is designed to track the return on the S&P/ASX 200 Financials Ex-A-REIT Index.
Managed Funds
Smart
Australasian Equities
0.54%
0.54%
Market Driven
6
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$36.64M
07/04/2015
No
3.25%
5.10%
20.09%
45.60%
13.22%
10.79%
–
Smart Australian Mid Cap ETF
Invests in Australian shares and is designed to track the return on the S&P/ASX Mid Cap 50 Index.
Managed Funds
Smart
Australasian Equities
0.75%
0.75%
Market Driven
6
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$142.18M
27/04/2004
No
−1.35%
2.41%
5.72%
24.28%
6.24%
9.78%
10.08%
Smart Australian Property ETF
Invests in Australian property and is designed to track the return on the S&P/ASX 200 A-REIT Equal Weight Index.
Managed Funds
Smart
Listed Property
0.54%
0.54%
Market Driven
7
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$38.41M
16/12/2014
No
−5.38%
2.27%
9.92%
36.01%
0.46%
0.56%
–
Smart Australian Resources ETF
Invests in Australian shares and is designed to track the return on the S&P/ASX 200 Resources Index.
Managed Funds
Smart
Australasian Equities
0.54%
0.54%
Market Driven
6
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$72.13M
07/04/2015
No
−4.57%
2.20%
−4.29%
−0.12%
11.95%
9.40%
–
Smart Australian Top 20 ETF
Invests in Australian shares and is designed to track the return on the S&P/ASX 20 Index.
Managed Funds
Smart
Australasian Equities
0.60%
0.60%
Market Driven
6
100% / 0%
Passive
–
2 Days
3 Days
Listed PIE
$177.66M
27/02/1997
No
−0.18%
1.44%
10.44%
26.35%
10.83%
9.44%
6.90%
Smart Australian Top 200 ETF
Invests in Australian shares and is designed to track the return on the S&P/ASX 200 Total Return Index.
Managed Funds
Smart
Australasian Equities
0.30%
0.30%
Market Driven
6
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$216.79M
15/07/2020
No
0.14%
2.28%
9.72%
25.45%
9.08%
–
–
Smart Automation and Robotics ETF
Invests in international shares and is designed to track the return on the iSTOXX® FactSet Automation & Robotics Index.
Managed Funds
Smart
International Equities
0.75%
0.75%
Market Driven
6
100% / 0%
Passive
–
2 Days
3 Days
Listed PIE
$60.84M
06/06/2019
No
6.37%
3.12%
5.69%
28.93%
5.28%
11.98%
–
Smart Emerging Markets ESG ETF
Invests in emerging markets shares and is designed to track the return on the MSCI EM IMI ESG Screened Index.
Managed Funds
Smart
International Equities
0.59%
0.59%
Market Driven
5
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$93.17M
06/06/2019
No
1.75%
3.07%
8.23%
22.91%
4.25%
5.16%
–
Smart Emerging Markets ETF
Invests in international shares and is designed to track the return on the FTSE Emerging Markets All Cap China A Inclusion Index.
Managed Funds
Smart
International Equities
0.59%
0.59%
Market Driven
5
100% / 0%
Passive
–
2 Days
3 Days
Listed PIE
$159.15M
29/07/2015
No
2.79%
6.09%
9.04%
22.86%
5.23%
5.69%
–
Smart Europe ESG ETF
Invests in European shares and is designed to track the return on the MSCI Europe ESG Screened Index.
Managed Funds
Smart
International Equities
0.55%
0.55%
Market Driven
5
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$47.8M
06/06/2019
No
0.09%
−1.89%
2.70%
22.83%
9.15%
8.08%
–
Smart Europe ETF
Invests in international shares and is designed to track the return on the FTSE Developed Europe All Cap Index.
Managed Funds
Smart
International Equities
0.55%
0.55%
Market Driven
5
100% / 0%
Passive
Quarterly
2 Days
3 Days
Listed PIE
$183.13M
29/07/2015
No
−0.66%
−2.51%
1.23%
19.92%
7.81%
7.40%
–
Smart Global Aggregate Bond ETF
Invests in international bonds and is designed to track the return on the Bloomberg Global Aggregate Bond Total Return Index Hedged NZD.
Managed Funds
Smart
International Fixed Interest
0.30%
0.30%
Market Driven
3
0% / 100%
Passive
Quarterly
2 Days
3 Days
Listed PIE
$206.29M
06/06/2019
No
−1.31%
0.63%
3.90%
9.28%
−1.62%
−0.71%
–
Smart Global Bond ETF
Invests in international bonds, with the objective of outperforming the Bloomberg Global Aggregate Total Return Bond Index Hedged NZD by 1% per annum over rolling 3-year periods. The investment manager is PIMCO Australia Pty Ltd.
Managed Funds
Smart
International Fixed Interest
0.54%
0.54%
Market Driven
4
0% / 100%
Active
–
2 Days
3 Days
Listed PIE
$161.16M
12/11/2015
No
−0.57%
0.52%
2.75%
7.66%
−0.42%
0.95%
–
Smart Global ESG ETF
Invests in international shares and is designed to track the return on the MSCI World Ex Australia Custom ESG Leaders Net Total Return Index.
Managed Funds
Smart
International Equities
0.54%
0.54%
Market Driven
5
100% / 0%
Passive
–
2 Days
3 Days
Listed PIE
$245.29M
06/06/2019
No
5.02%
2.42%
10.00%
33.85%
13.00%
13.44%
–
Smart Healthcare Innovation ETF
Invests in international shares and is designed to track the return on the iSTOXX® FactSet Breakthrough Healthcare Index.
Managed Funds
Smart
International Equities
0.75%
0.75%
Market Driven
6
100% / 0%
Passive
–
2 Days
3 Days
Listed PIE
$24.36M
06/06/2019
No
4.09%
−1.45%
7.24%
25.36%
−2.09%
6.16%
–
Smart Japan ESG ETF
Invests in Japanese shares and is designed to track the return on the MSCI Japan ESG Screened Index.
Managed Funds
Smart
International Equities
0.55%
0.55%
Market Driven
5
100% / 0%
Passive
Quarterly
2 Days
3 Days
Listed PIE
$33.18M
06/06/2019
No
2.09%
−1.62%
1.19%
17.71%
7.30%
5.64%
–
Smart NZ Bond ETF
Invests in New Zealand bonds, with the objective of outperforming the S&P/NZX A-Grade Corporate Bond Total Return Index over rolling 3-year periods.
Managed Funds
Smart
New Zealand Fixed Interest
0.54%
0.54%
Market Driven
3
0% / 100%
Active
Quarterly
2 Days
3 Days
Listed PIE
$438.04M
12/11/2015
No
−0.17%
1.18%
4.09%
7.37%
2.12%
1.48%
–
Smart NZ Cash ETF
Invests in New Zealand cash, with the objective of outperforming the S&P/NZX Bank Bills 90-Day Total Return Index over rolling 1-year periods.
Managed Funds
Smart
Cash and Cash Equivalents
0.20%
0.20%
Market Driven
2
0% / 100%
Active
Semi-annually
2 Days
3 Days
Listed PIE
$585.09M
12/11/2015
No
0.30%
1.07%
3.38%
5.50%
3.67%
2.58%
–
Smart NZ Dividend ETF
Invests in New Zealand shares and is designed to track the return on the S&P/NZX 50 High Dividend Index.
Managed Funds
Smart
Australasian Equities
0.54%
0.54%
Market Driven
6
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$83.22M
07/04/2015
No
3.37%
4.20%
5.93%
10.93%
0.77%
2.18%
–
Smart NZ Mid Cap ETF
Invests in New Zealand shares and is designed to track the return on the S&P/NZX Mid Cap Index.
Managed Funds
Smart
Australasian Equities
0.60%
0.60%
Market Driven
5
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$140.79M
16/06/1997
No
2.04%
2.91%
9.42%
19.85%
−3.02%
1.98%
9.31%
Smart NZ Property ETF
Invests in New Zealand property and is designed to track the return on the S&P/NZX Real Estate Select Index.
Managed Funds
Smart
Listed Property
0.54%
0.54%
Market Driven
6
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$117.63M
12/11/2015
No
2.34%
4.88%
5.49%
14.23%
−5.12%
−1.29%
–
Smart NZ Top 10 ETF
Invests in New Zealand shares and is designed to track the return on the S&P/NZX 10 Index.
Managed Funds
Smart
Australasian Equities
0.60%
0.60%
Market Driven
5
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$123.77M
11/06/1996
No
0.89%
1.54%
4.83%
16.90%
0.55%
4.57%
9.07%
Smart NZ Top 50 ETF
Invests in New Zealand shares and is designed to track the return on the S&P/NZX 50 Portfolio Index.
Managed Funds
Smart
Australasian Equities
0.50%
0.50%
Market Driven
5
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$585.95M
10/12/2004
No
1.39%
1.39%
6.06%
15.55%
−1.83%
3.60%
9.29%
Smart S&P/NZX 50 ETF
Invests in New Zealand shares and is designed to track the return on the S&P/NZX 50 Gross with Imputation Index.
Managed Funds
Smart
Australasian Equities
0.20%
0.20%
Market Driven
5
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$743.23M
15/07/2020
No
1.12%
2.01%
6.14%
18.37%
−0.57%
–
–
Smart Total World ETF
Invests in international shares and is designed to track the return on the FTSE Global All Cap Index.
Managed Funds
Smart
International Equities
0.40%
0.40%
Market Driven
5
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$358.81M
29/07/2015
No
5%
1.97%
8.69%
30.28%
11.18%
11.61%
–
Smart US 500 ETF
Invests in US shares and is designed to track the return on the S&P 500 Index.
Managed Funds
Smart
International Equities
0.34%
0.34%
Market Driven
5
100% / 0%
Passive
–
2 Days
3 Days
Listed PIE
$751.24M
29/07/2015
No
7.72%
4.99%
14.01%
37.28%
16.09%
16.47%
–
Smart US ESG ETF
Invests in US shares and is designed to track the return on the MSCI USA ESG Screened Index.
Managed Funds
Smart
International Equities
0.34%
0.34%
Market Driven
5
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$80.36M
06/06/2019
No
8.31%
5.82%
14.47%
41.16%
15.88%
16.89%
–
Smart US Large Growth ETF
Invests in US shares and is designed to track the return on the CRSP US Large Cap Growth Index.
Managed Funds
Smart
International Equities
0.51%
0.51%
Market Driven
6
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$449.33M
29/07/2015
No
9.29%
6.81%
16.75%
44.37%
14.65%
19.45%
–
Smart US Large Value ETF
Invests in US shares and is designed to track the return on the CRSP US Large Cap Value Index.
Managed Funds
Smart
International Equities
0.51%
0.51%
Market Driven
5
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$50.04M
29/07/2015
No
6.56%
2.74%
9.30%
28.95%
15.55%
11.94%
–
Smart US Mid Cap ETF
Invests in US shares and is designed to track the return on the CRSP US Mid Cap Index.
Managed Funds
Smart
International Equities
0.51%
0.51%
Market Driven
6
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$101.08M
29/07/2015
No
7.46%
4.55%
9.76%
33.70%
9.20%
11.86%
–
Smart US Small Cap ETF
Invests in US shares and is designed to track the return on the CRSP US Small Cap Index.
Managed Funds
Smart
International Equities
0.51%
0.51%
Market Driven
6
100% / 0%
Passive
Semi-annually
2 Days
3 Days
Listed PIE
$95.34M
29/07/2015
No
6.98%
1.04%
9.39%
32.69%
8.59%
11.04%
–
Squirrel Monthly Income Fund
The Fund is designed to provide investors with a regular income return generated through exposure to a diversified portfolio of loans predominately secured against registered first mortgages on residential property across New Zealand. Loan exposure is obtained by investing in the Squirrel Wholesale Funds scheme, whose funds obtain their loan exposure through investing via the Squirrel P2P platform operated by Squirrel. Assets of the Squirrel Wholesale Funds may include exposure to fractional and/or whole loans, as well as cash and cash equivalents.
Managed Funds
Squirrel
Other
1.70%
2.14%
0% / 0%
2
0% / 100%
Active
Monthly
3 Days
30 Days
PIE
$27.11M
13/10/2021
No
0.57%
1.79%
3.67%
7.49%
6.81%
–
–
TAHITO Te Tai o Rehua Fund
The Fund is an indigenous ethical and sustainable fund. The Fund uses positive ESG integrated screens in selecting investments. Māori indigenous values and principles serve as the foundation to the Fund’s philosophy and investment selection process. The Fund will provide actively managed exposure to a portfolio of primarily New Zealand and Australian companies that have been selected in accordance with the TAHITO investment philosophy. The Fund aims to generate a better return than the benchmark over the medium to long term.
Managed Funds
TAHITO
Australasian Equities
1.27%
1.25%
0.26% / 0.26%
5
98% / 2%
Active
–
2 Days
2 Days
PIE
$26.41M
17/06/2021
No
−0.42%
1.85%
5.68%
17.71%
2.58%
–
–
Te Ahumairangi Global Equity Fund
Te Ahumairangi Global Equity Fund is an actively managed fund dedicated to investing in global equity markets. Te Ahumairangi manages the fund with a particular focus on building a portfolio that should perform relatively well compared to other equity funds if equity markets are weak.
Managed Funds & KiwiSaver
Te Ahumairangi
International Equities
0.62%
0.60%
0.10% / 0.10%
4
98% / 2%
Active
–
2 Days
2 Days
PIE
$418.87M
05/11/2021
Yes
2.58%
0.65%
8.21%
21.94%
–
–
–
Vanguard International Shares Select Exclusions Index Fund
The Fund provides low-cost access to a broadly diversified range of securities that excludes companies involved in the production of tobacco, controversial weapons and companies that manufacture nuclear weapons, components that were developed or significantly modified for exclusive use in nuclear weapons, and companies that provide auxiliary services related to nuclear weapons. The Fund is exposed to the fluctuating values of foreign currencies, as there will not be any hedging of foreign currencies to the Australian dollar.
Managed Funds
Vanguard
International Equities
0.20%
N/A
0.07% / 0.07%
N/A
100% / 0%
Passive
Quarterly
2 Days
4 Days
AUT
$899.6M
13/12/2016
No
4.74%
2.19%
10.46%
30.94%
13.13%
14.01%
–
Vanguard International Shares Select Exclusions Index Fund – Hedged – NZD Class
The Fund provides low-cost access to a broadly diversified range of securities that excludes companies involved in the production of tobacco, controversial weapons and companies that manufacture nuclear weapons, components that were developed or significantly modified for exclusive use in nuclear weapons, and companies that provide auxiliary services related to nuclear weapons. The Fund is hedged to New Zealand dollars so the value of the Fund is relatively unaffected by currency fluctuations for New Zealand investors.
Managed Funds
Vanguard
International Equities
0.26%
N/A
0.08% / 0.08%
N/A
100% / 0%
Passive
Quarterly
2 Days
4 Days
AUT
$1,291.73M
13/12/2016
No
−0.99%
2.24%
10.38%
32.80%
6.90%
11.90%
–
Vault International Bitcoin Fund
The Fund is designed to provide investors with exposure to Bitcoin within a PIE compliant fund. This is achieved by investing in one or more listed offshore domiciled funds which invest directly in Bitcoin (each an “Underlying Fund” and together the “Underlying Funds”). The Fund targets a return before fees and tax that broadly tracks the S&P Bitcoin Index in New Zealand dollars. This is a highly speculative investment. Bitcoin is a highly volatile asset. This means the Fund will not be appropriate for all investors.
Managed Funds
Vault
Other
0.95%
1.68%
0.25% / 0.25%
7
100% / 0%
Active
–
2 Days
2 Days
PIE
$22.23M
14/09/2021
No
17.66%
6.62%
17.15%
94.85%
7.72%
–
–
Important Information
For a description of what each column heading means, please click here.
The performance figures are for periods ending 31 October 2024.
Past performance is not a guarantee of future returns. Returns are after fees, before tax and denominated in NZD. Performance figures over 1 year are annualised.
Performance data is sourced from Morningstar or from the underlying fund manager.
For any funds offered within the InvestNow KiwiSaver Scheme, the fund performance figures outlined are for the underlying funds that it invests into.
Please note, the PDS fee is the manager’s estimated total annual fund charge as stated in the Product Disclosure Statement (PDS) for this fund. The Quarterly Fund Update (QFU) Fee is the latest actual total annual fund charge reported by the fund for its most recent financial year, as stated in the fund’s most recent Quarterly Fund Update. Both figures include any applicable GST as well as any performance-based fees if applicable.
Transaction-based charges may also apply when you buy or sell a fund, which could include buy/sell spreads (as outlined in the buy/sell spread column), entry/exit fees (denoted by * in the buy/sell spread column), or swing pricing adjustments (denoted by ** in the buy/sell spread column). Please see the PDS for full details on the charges that can apply.
Managed funds in New Zealand must have a standard risk indicator. The risk indicator is designed to help investors understand the uncertainties both for loss and growth that may affect their investment. You can compare funds using the risk indicator – 1 is lower risk and potentially lower returns, while 7 is higher risk and potentially higher returns.
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September 2024
The past month has been anything but dull for markets. After the “panic attack” at the start of August, global benchmarks rebounded, led by the US indices. The Dow Jones made a new record high.
During the quarter, we engaged with Freightways on their decarbonisation targets as we wanted further clarification around how these were developed, and whether they intend on setting a net zero target.
June saw a continuation of this year’s themes, with US equity markets continuing their 20-month bull run, led by the technology sector, and AI-related names in particular. It was another month of milestones.
The housing market crash doesn’t get a lot of attention – contrast this with periods of volatility in the stock market. Is NZ’s fixation with property part of our Achilles heel?
During the quarter Fletcher Building announced that both the CEO and Chair would be stepping down amidst several issues, including the well-publicised iPlex pipes issues. This presented governance concerns and we subsequently met with the Chair, Bruce Hassall, to talk these through.
After a challenging few months, stock markets have started November brightly. With inflation getting under control, many central banks cooling their jets, and bond yields easing, are equity markets in for a strong end to 2023?
The month was a strong one for markets again. The S&P500 gained 3.2%, to record the fifth consecutive month of gains, the longest such run in two years. The Dow notched up a sequence of 13 consecutive daily gains during the month, which was the longest winning streak since 1987.
Devon Funds called out as Responsible Investment Leader
Devon Funds has been named a Responsible Investment Leader by the Responsible Investment Association Australasia (RIAA) in its landmark annual study launched today. This recognises our commitment to responsible investing and attributes as an investment manager.
The month of August was a contrasting one for markets with concerns over global economic growth, the persistence of inflation, and central bank tightening largely easing the more the month wore on. The earnings season in the Northern Hemisphere was largely positive, with the majority of companies beating earnings expectations, and outlook statements upbeat in many cases.
The month was a strong one for markets again. The S&P500 gained 3.2%, to record the fifth consecutive month of gains, the longest such run in two years. The Dow notched up a sequence of 13 consecutive daily gains during the month, which was the longest winning streak since 1987.
June was a busy month again for markets. Another ‘crisis’ was averted, with the US debt ceiling raised after weeks of negotiations. The notion that the end of a sustained period of interest rate tightening was coming to an end was reinforced by the US Federal Reserve which paused interest rates, ending a string of 10 consecutive increases over the previous 18 months …
A critical aspect to this dynamic approach has been our recognition of the evolution occurring in Environmental, Governance and Social (ESG) influence…
