Vanguard on InvestNow

Vanguard offer the Vanguard International Shares Select Exclusions Index Fund and Vanguard International Shares Select Exclusions Index Fund (Hedged) – NZD Class (both international equities) on the InvestNow platform.

Learn more about Vanguard, their investment options available to InvestNow customers plus access their latest news & updates.

Vanguard is one of 20+ specialist fund managers that have partnered with InvestNow.

How Vanguard describe themselves:

 With more than AUD $9.3 trillion in assets under management as of 31 December 2020, including more than AUD $2.1 trillion in ETFs, we are one of the world’s largest global investment management companies. In Australia, we have been serving financial advisers, retail clients and institutional investors for more than 20 years.

For more information about us, please visit Vanguard.com.au     

Vanguard investment options

Below is the range of investment options from Vanguard 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 0.82% 0.80% 0% / 0% 4 57% 43% Passive 2 Days 2 Days PIE $8.70M 18/05/2022 No 2.25% 6.30% 6.05% 11.73%
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 0.82% 0.80% 0% / 0% 4 79% / 21% Passive 2 Days 2 Days PIE $7.40M 18/05/2022 No 2.94% 7.75% 7.22% 13.78%
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% 1.36% 0.075% / 0.075% 5 100% / 0% Active 3 Days 4 Days PIE $31.51M 25/07/2018 Yes 4.47% 8.50% 3.37% 13.15% 9.91% 10.16%
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% 1.13% 0% / 0% 6 100% / 0% Active 2 Days 2 Days PIE $21.37M 29/02/1996 No −0.64% 5.99% 0.79% 0.89% 7.59% 5.85% 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 1.02% 1.02% 0% / 0% 5 65% / 35% Active 2 Days 2 Days PIE $48.62M 15/04/2010 No 0.50% 5.20% 4.53% 8.29% 3.18% 5.83% 6.81%
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% 1.28% 0% / 0% 5 100% / 0% Active 2 Days 2 Days PIE $10.13M 01/07/2004 No −0.37% 6.02% 4.45% 0.68% −1.70% 3.39% 4.90%
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 1.10% 1.09% 0% / 0% 5 100% / 0% Active 2 Days 2 Days PIE $234.62M 12/05/1997 No 2.53% 9.18% 4.66% 15.69% 9.41% 11.27% 11.73%
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% 1.10% 0% / 0% 5 100% / 0% Active 2 Days 2 Days PIE $51.72M 31/03/1991 No −0.99% 3.99% 2.35% −0.95% −1.61% 4.80% 8.58%
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% 1.10% 0% / 0% 6 100% / 0% Active 2 Days 2 Days PIE $83.75M 30/11/1994 No −3.83% 3.07% −1.51% −2.52% −5.46% 1.58% 6.82%
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 $192.59M 27/03/2018 No −1.66% 2.31% 2.08% 4.19% −2.13% 0.70%
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% 1.24% 0.30% / 0.30% 4 55% / 45% Active Monthly 2 Days 2 Days PIE $143.87M 25/10/2016 Yes −0.03% 2.39% 2.65% 3.05% 2.89% 4.71%
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% 6 98% / 2% Active Quarterly 2 Days 2 Days PIE $67.9M 20/11/2018 Yes −0.89% 4.29% 2.51% −1.66% −2.18% 5.94%
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 1.82% 1.25% 0% / 0% 5 0%-100% / 0%-100% Active Semi-annually 2 Days 2 Days PIE $136.45M 03/06/2010 No 0.59% 9.40% 4.85% 9.45% 10.11% 9.75% 8.48%
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 1.76% 1.26% 0% / 0% 6 80%-100% / 0%-20% Active Semi-annually 2 Days 2 Days PIE $12.18M 20/08/2010 No −0.16% 7.98% 5.12% 8.29% 9.35% 7.82% 7.95%
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% 1.22% 0% / 0% 5 90%-100% / 0%-10% Active Quarterly 2 Days 2 Days PIE $18.54M 20/12/2012 No −1.23% 4.66% 3.12% 3.36% 6% 6.16% 9.09%
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 $28.09M 01/09/2020 No −0.07% 7.39% 5.04% 5.80% 5.27%
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 1.81% 1.38% 0% / 0% 5 50%-100% / 0%-50% Active Semi-annually 2 Days 2 Days PIE $72.53M 30/09/1998 No −0.27% 6.82% 3.67% 5.02% 7.51% 8.04% 9.16%
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 $29.39M 19/07/2011 No −3.77% −2.09% −7.72% −10.63% −2.10% −0.26% 5.94%
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 $20.82M 01/04/2020 No 0.55% 6.43% 0.60% 0.60% 8.20%
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 1.84% 1.88% 0% / 0% 6 95% / 5% Active Annually 6 Days (Month End) 6 Days (Month End) PIE $28.55M 09/12/2008 No 5.96% 13.04% 1.96% 10.95% 6.03% 10.74% 7.75%
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 1.48% N/A 0.25% / 0.25% N/A 80%-100% / 0%-20% Active Semi-annually 3 Days 4 Days AUT $58.2M 01/03/2017 No 5.76% 13.06% 0.57% 12.02% 4.34% 12.29%
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% 1.45% 0% / 0% 6 100% / 0% Active 3 Days 3 Days PIE $112.93M 15/06/2005 No 4.15% 14.57% 9.52% 21.30% 10.10% 13.10% 10.59%
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% 1.21% 0% / 0% 3 0% / 100% Active 3 Days 3 Days PIE $105.62M 01/11/1990 No −0.68% 2.22% 2.70% 4.20% −3.00% −0.24% 1.95%
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% 0.80% 0% / 0% 1 0% / 100% Active 3 Days 3 Days PIE $11.97M 30/04/2008 No 0.41% 1.34% 2.72% 5.29% 2.17% 1.76% 2.11%
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% 1.34% 0% / 0% 3 27.5% / 72.5% Active 3 Days 3 Days PIE $104.75M 31/07/2018 Yes 0.63% 3.56% 4.33% 7.25% 0.80% 2.53%
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% 1.64% 0% / 0% 6 100% / 0% Active 3 Days 3 Days PIE $162.91M 29/11/1985 No 5.25% 11.21% 11.21% 21.09% 7.04% 10.45% 8.75%
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 $281.2M 31/07/2018 Yes 3.16% 8.67% 7.82% 14.58% 4.29% 7.45%
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% 0.96% 0% / 0% 3 0% / 100% Active 3 Days 3 Days PIE $46.7M 18/04/2011 No 0.01% 2.16% 4.34% 7.48% 1.10% 2.13% 3.19%
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% 1.44% 0% / 0% 6 100% / 0% Active 3 Days 3 Days PIE $113.41M 07/11/2007 No 7.60% 15.09% 15.57% 30.14% 3.43% 11.03% 10.19%
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% 0.96% 0% / 0% 3 0% / 100% Active 3 Days 3 Days PIE $78.33M 20/07/2011 No −0.33% 2.02% 3.69% 5.13% −1.89% 0.04% 2.41%
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% 1.40% 0% / 0% 6 100% / 0% Active 3 Days 3 Days PIE $214.55M 10/08/1998 No 0.37% 6.59% 2.79% 5.88% −1.69% 6.72% 10.16%
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% 1.27% 0% / 0% 5 100% / 0% Active 3 Days 3 Days PIE $175.02M 05/12/2008 No 1.74% 4.83% 5.94% 7% 5.40% 7.00% 9.92%
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% 1.64% 0% / 0% 6 100% / 0% Active 3 Days 3 Days PIE $96.04M 29/11/1985 No 2.48% 10.74% 6.07% 13.71% 3.76% 10.15% 11.10%
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 $16.74M 02/09/2020 Yes 1.59% 6.37% 6.35% 12.22% 4.78%
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 $36.57M 02/09/2020 Yes 2.29% 7.68% 7.26% 14.58% 7.19%
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 $0M 22/01/2024 Yes 3.16%
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 $0M 22/01/2024 Yes 2.83%
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 $54.69M 31/10/2022 Yes 5.59% 11.39% 8.81% 24.39%
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 $44.77M 31/10/2022 Yes 6.32% 13.34% 11.15% 32.43%
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% 1.43% 0% / 0% 5 95% / 5% Active 3 Days 3 Days PIE $29.07M 01/11/2019 Yes 3.70% 11.49% 10.37% 22.33% 6.20%
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 0.98% 1.14% 0% / 0% 4 70% / 30% Active Monthly 2 Days 3 Days PIE $48.57M 01/11/2019 Yes 1.27% 5.60% 3.62% 7.02% −0.82%
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 1.45% 1.69% 0% / 0% 6 95% / 5% Active 2 Days 2 Days PIE $28.67M 10/04/2014 Yes −1.04% 7.81% 2.47% 4.19% 0.35% 6.92%
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 $158.96M 11/04/2010 No −0.49% 6.03% 2.78% 1.00% −0.67% 5.20% 9.29%
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% 1.08% 0% / 0% 5 90% / 10% Active Quarterly 2 Days 2 Days PIE $39.91M 01/11/2011 No −0.02% 5.36% 3.70% 4.19% 4.93% 7.78% 9.39%
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 0.65% 0.66% 0% / 0% 4 40% / 60% Active Monthly 2 Days 2 Days PIE $250.86M 28/10/2015 No 0.25% 3.46% 4.49% 7.50% 3.59% 5.17%
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 1.03% 2.30% 0% / 0% 4 30% / 70% Active 2 Days 2 Days PIE $11.39M 03/01/2019 No 0.56% 4.88% 3.10% 4.77% 2.13% 5.20%
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 $230.94M 24/05/2011 Yes −0.11% 2.20% 3.90% 5.02% −1.01% 0.45% 2.63%
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 $426.61M 16/02/2009 No −0.01% 1.94% 3.75% 6.13% −0.41% 1.20% 2.94%
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 $436.85M 03/12/2014 No −1.34% 3.67% 0.76% −0.66% −0.99% 5.00%
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% 0.78% 0% / 0% 6 97.5% / 2.5% Active Semi-annually 2 Days 2 Days PIE $102.81M 01/10/2018 No −2.54% 4.70% 0.23% 1.36% −1.68% 5.09%
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 1.24% 1.20% 0% / 0% 4 55%-72.5% / 27.5%-45% Active 2 Days 2 Days PIE $6.91M 30/11/2021 No 3.20% 5.55% 4.68% 4.75%
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% 0.28% 0% / 0% 5 99% / 1% Active Semi-annually 2 Days 2 Days PIE $238.56M 07/04/2021 No −1.54% 3.76% 1.11% −0.22%
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 $386.11M 21/10/2015 Yes 7.23% 12.82% 8.98% 24.27% 4.53% 12.07%
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% 1.19% 0% / 0% 6 95% / 5% Active 2 Days 3 Days PIE $69.84M 01/10/2021 No 6.20% 11.16% 11.19% 21.27%
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% 3 0% / 100% Active Semi-annually 2 Days 3 Days PIE $1,154.18M 15/03/2017 Yes −0.66% 2.82% 3.50% 6.07% −1.93% 0.91%
India Avenue Equity Fund – H Class 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 $64.54M 06/09/2016 No 0.83% 9.22% 12.24% 41.25% 18.91% 15.15%
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% 1.12% 0.10% / 0.10% 6 98% / 2% Active 2 Days 2 Days PIE $10.64M 01/03/2021 No 16.81% 46.60% 44.72% 70.02%
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 0.41% 0.41% 0.07% / 0.12% 5 100% / 0% Passive Semi-annually 2 Days 2 Days PIE $71.9M 27/11/2017 Yes 4.74% 10.41% 10.34% 22.94% 8.89% 10.72%
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 0.65% 0.65% 0.18% / 0.18% 6 100% / 0% Passive Semi-annually 2 Days 2 Days PIE $13.08M 01/06/1995 No 4.65% 17.43% 12.70% 17.69% 4.64% 5.76%
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 1.41% 1.41% 0.11% / 0.11% 5 100% / 0% Active 2 Days 2 Days PIE $55.18M 26/11/2007 No 7.43% 14.73% 12.94% 30.01% 16.75% 13.91% 12.32%
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 1.58% 1.58% 0.15% / 0.15% 6 100% / 0% Active 2 Days 2 Days PIE $20.85M 26/11/2007 No 6.42% 12.77% 15.59% 27.90% 7.70% 9.35% 8.87%
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 1.92% 2.02% 0.25% / 0.25% 5 100% / 0% Active 2 Days 2 Days PIE $5.16M 01/11/2007 No 5% 5.86% 0.59% 6.88% −2.85% 2.51% 5.10%
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 1.35% 1.35% 0.16% / 0.13% 4 65% / 35% Active 2 Days 2 Days PIE $43.83M 11/08/2009 Yes 0.93% 6.33% 6.25% 8.15% 3.29% 5.17% 5.67%
Mercer Ethical Leaders Conservative Fund The fund is a diversified portfolio that is primarily invested in a mix of income assets (e.g., cash and fixed income), with a moderate exposure to growth assets (e.g., shares and listed property). The fund has been certified by the Responsible Investment Association of Australasia. Managed Funds Mercer Diversified 1.58% 1.58% 0.11% / 0.08% 3 25% / 75% Active 2 Days 2 Days PIE $4.23M 06/06/1995 No 0.04% 2.97% 3.53% 4.58% 0.01% 1.55% 2.83%
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 1.67% 1.67% 0.15% / 0.10% 5 100% / 0% Active 2 Days 2 Days PIE $39.47M 06/11/2007 No 3.12% 12.07% 12.31% 17.99% 9.15% 10.04% 8.77%
Mercer Ethical Leaders Growth Fund The fund is a diversified portfolio that is primarily invested in a mix of growth assets (e.g., shares and listed property), with a moderate allocation 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 Mercer Diversified 1.67% 1.67% 0.17% / 0.14% 5 90% / 10% Active 2 Days 2 Days PIE $13.8M 06/06/1995 No 1.62% 8.55% 7.96% 10.51% 5.40% 7.43% 7.32%
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 0.47% 0.47% 0.16% / 0.06% 3 0% / 100% Passive Semi-annually 2 Days 2 Days PIE $249.81M 27/11/2017 Yes −0.92% 1.83% 2.69% 4.12% −2.83% −0.15%
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 0.96% 0.96% 0.25% / 0.25% 5 100% / 0% Active 2 Days 2 Days PIE $47.37M 12/12/2012 No −0.75% 5.67% 2.96% 2.30% −0.54% 6.65% 10.41%
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 1.32% 1.32% 0.11% / 0.10% 5 100% / 0% Active 2 Days 2 Days PIE $28.63M 13/12/1994 No 6.06% 12.15% 12.63% 25.76% 9.83% 10.59% 10.03%
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 0.92% 0.92% 0.16% / 0.13% 4 40% / 60% Active 2 Days 2 Days PIE $40.41M 30/06/2014 No −0.28% 2.95% 3.66% 4.33% 2.80% 4.59%
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 0.48% 0.48% 0.20% / 0.20% 6 100% / 0% Active 2 Days 2 Days PIE $338.5M 17/09/1996 No 0.23% 8.81% 5.66% 8.31% 8.10% 8.80% 7.20%
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 0.99% 0.99% 0.13% / 0.13% 3 0% / 100% Active Semi-annually 2 Days 2 Days PIE $11.46M 11/05/2012 No 0.27% 2.33% 3.96% 5.62% 0.85% 1.24% 2.06%
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 1.33% 1.33% 0.25% / 0.25% 6 100% / 0% Active Semi-annually 2 Days 2 Days PIE $171.9M 07/09/2012 No 0.02% −0.60% 3.63% −0.07% 7.55% 5.76% 7.08%
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 $184.53M 29/11/2007 Yes 0.93% 4.14% 3.13% 1.60% −0.62% 0.98% 4.53%
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 0.25% 0.25% 0% / 0% 1 0% / 100% Active Monthly 2 Days 2 Days PIE $287.75M 01/06/1995 Yes 0.45% 1.40% 2.82% 5.60% 2.95% 2.19% 2.47%
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 0.57% 0.57% 0.10% / 0.10% 3 0% / 100% Active Semi-annually 2 Days 2 Days PIE $296.42M 05/06/1995 Yes −0.30% 1.93% 3.59% 4.45% −1.68% −0.08% 2.58%
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 0.61% 0.61% 0.05% / 0.05% 2 0% / 100% Passive Semi-annually 2 Days 2 Days PIE $90.42M 28/09/2007 No −0.01% 1.37% 3.18% 5.25% 0.77% 1.48% 2.78%
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 1.35% 1.35% 0.13% / 0.14% 4 5% / 95% Active Semi-annually 2 Days 2 Days PIE $9.76M 11/12/2013 No 0.16% 2.87% 4.25% 4.91% 1.62% 2.57% 3.65%
Mercer NZ Shares Fund The fund is a diversified portfolio of predominantly New Zealand shares across a range of industries and sectors. The fund may also invest in Australian shares. Managed Funds Mercer Australasian Equities 0.79% 0.79% 0.25% / 0.25% 5 100% / 0% Active Semi-annually 2 Days 2 Days PIE $233.94M 05/06/1995 Yes −1.15% 3.79% 2.89% 0.48% 0.04% 6.43% 9.96%
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 $136.34M 27/11/2017 Yes −1.06% 4% 2.03% −0.57% −0.79% 5.19%
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% 1.05% 0.13%** 5 78% / 22% Active 2 Days 2 Days PIE $3,278.96M 01/10/2007 Yes 1.60% 7.88% 7.38% 12.03% 7.58% 10.21% 10.08%
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% 0.10%** 5 95% / 5% Active Semi-annually 2 Days 2 Days PIE $1,664.16M 21/06/2021 Yes 3.80% 11.12% 10.64% 17.04%
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% 0.16%** 4 82.5% / 17.5% Active 2 Days 2 Days PIE $684.97M 01/03/2018 No −1.99% 4.25% 2.72% 6.27% 6.24% 9.82%
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% 1.10% 0.12%** 4 61% / 39% Active 2 Days 2 Days PIE $1,677.07M 01/04/2010 Yes 0.52% 4.66% 4.66% 6.88% 5.31% 7.68% 8.36%
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 $702M 01/03/2019 No 0.46% 1.42% 2.88% 5.61% 3.02% 2.26%
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 0.95% 0.95% 0.11%** 3 18% / 82% Active Quarterly 2 Days 2 Days PIE $524.81M 01/09/2015 Yes 0.37% 3.09% 4.00% 5.93% 1.78% 3.56%
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% 0.13%** 4 40% / 60% Active Quarterly 2 Days 2 Days PIE $2,692.24M 01/04/2010 No 0.07% 3.18% 3.78% 3.72% 3.44% 4.78% 7.59%
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 $379.28M 01/02/2017 No −1.13% 1.90% 3.97% 6.74% −0.54% 2.01%
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 $447.91M 12/04/2013 No 4.84% 12.73% 12.35% 19.24% 8.48% 11.79% 9.23%
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 $1,346.55M 02/12/2013 No 0.06% 2.62% 4.15% 7.01% 0.40% 2.07% 3.78%
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% 0.18%** 5 95% / 5% Active Quarterly 2 Days 2 Days PIE $644.79M 01/10/2007 No −0.29% 6.84% 4.60% 8% 4.55% 9.65% 10.69%
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% 1.18% 0% / 0% 5 95% / 5% Active 3 Days 3 Days PIE $181.77M 15/02/2007 Yes 0.05% 5.70% 3.93% 2.92% 0.33% 5.34% 9.72%
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 0.98% 0.98% 0% / 0% 5 95% / 5% Active 3 Days 3 Days PIE $22.28M 31/12/2007 No −1.84% 5.04% 1.54% 1.68% −3.20% 2.47% 6.99%
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 1.18% 1.19% 0% / 0% 5 80% / 20% Active 3 Days 3 Days PIE $43.67M 10/12/2018 Yes 1.72% 7.90% 8.25% 13.52% 5% 8.71%
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 0.94% 0.95% 0% / 0% 3 30% / 70% Active Quarterly 3 Days 3 Days PIE $77.44M 31/08/2014 Yes −0.29% 3.11% 3.99% 6.25% 1.17% 2.65%
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% 0.94% 0% / 0% 5 95% / 5% Active 3 Days 3 Days PIE $129.46M 12/10/2017 No −1.08% 3.77% 2.41% 1.49% −0.07% 6.19%
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 $23.45M 21/08/2006 No 2.69% 8.74% 3.82% 9.16% 2.65% 6.16% 10.04%
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 $29.68M 05/05/2010 No −0.58% 4.66% 2.06% 1.57% 1.17% 5.20% 10.25%
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 $78.24M 22/08/2017 No 5.76% 15.15% 10.05% 19.68% 9.93% 13.55%
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 $171.72M 10/05/2019 No 5.58% 14.34% 12.63% 17.03% 1.28%
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 $3.23M 16/10/2007 No −1.03% 1.34% 2.77% 4.89% 0.48% 0.59% 3.01%
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 $364.87M 13/07/2009 No −0.19% 2.07% 3.95% 6.40% −0.04% 1.62% 3.58%
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 $87.2M 26/06/2008 No 1.05% 10.00% 6.51% 10.33% 9.84% 8.28% 6.51%
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 57% / 43% Active 3 Days 3 Days PIE $45.01M 11/12/2020 No 0.44% 4.94% 4.89% 8.82% 2.52%
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 $89.58M 26/06/2008 No −0.88% 3.86% 1.44% −0.54% 1.36% 6.19% 10.66%
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% 1.46% 0% / 0% 5 71.8% / 28.2% Active 3 Days 3 Days PIE $48.3M 17/08/2020 Yes 3.28% 8.55% 7.72% 13.62% 4.75%
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% 1.15% 0% / 0% 5 100% / 0% Active 3 Days 3 Days PIE $37.52M 18/09/2019 No 0.86% 8.05% 3.49% 3.40% 0.50%
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% 1.15% 0.05% / 0.05% 6 100% / 0% Active 3 Days 3 Days PIE $14.45M 23/07/2015 No −0.73% 5.91% 4.46% 5.15% 0.72% −1.19%
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% 1.05% 0% / 0% 5 100% / 0% Active 3 Days 3 Days PIE $98.63M 02/10/2017 No 4.64% 11.27% 11.49% 22.30% 10.73% 12.56%
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% 1.50% 0.05% / 0.05% 6 100% / 0% Active 3 Days 3 Days PIE $70.79M 21/04/2010 No 6.13% 11.25% 9.36% 16.05% 8.94% 10.50% 8.74%
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% 1.88% 0% / 0% 6 100% / 0% Active Semi-annually 3 Days 10 Days PIE $354.48M 16/09/2011 No 5.94% 15.11% 12.61% 19.43% 11.34% 14.19% 13.67%
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 $120.94M 01/05/2018 No 4.33% 8.65% 8.50% 14.53% 4.42% 7.34%
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% 1.88% 0% / 0% 5 100% / 0% Active 3 Days 10 Days PIE $118.01M 01/11/2016 No −0.26% 8.72% 7.33% 4.59% 0.55% 8.08%
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 0.77% 0.77% 0% / 0% 3 20% / 80% Active Quarterly 2 Days 2 Days PIE $204.33M 30/09/2014 No −0.08% 2.00% 3.25% 5.63% 2.74% 3.50%
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% 1.29% 0% / 0% 5 100% / 0% Active 2 Days 2 Days PIE $155.63M 30/11/2010 No −0.54% 3.56% 2.57% 0.20% 1.08% 6.19% 10.13%
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% 0.58% 0.15% / 0.15% 3 0% / 100% Active Semi-annually 3 Days 4 Days PIE $534.37M 21/12/2011 Yes −0.88% 2.18% 2.71% 3.89% −2.72% 0.48% 2.62%
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% 1.09% 0.17% / 0.12% 6 100% / 0% Active Semi-annually 3 Days 4 Days PIE $122.45M 17/03/2022 No 0.75% 1.42% 2.54% 1.79%
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% 0.92% 0.18% / 0.13% 5 100% / 0% Active Semi-annually 3 Days 4 Days PIE $239.54M 14/11/2012 Yes 4.52% 9.93% 6.79% 20.37% 11.55% 11.37% 10.77%
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% 0.93% 0.20% / 0.15% 6 100% / 0% Active Semi-annually 3 Days 4 Days PIE $249.19M 24/07/2012 Yes 3.91% 8.81% 9.41% 18.83% 6.44% 8.70% 8.67%
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% 0.35% 0.14% / 0.12% 6 100% / 0% Active Semi-annually 3 Days 4 Days PIE $341M 14/12/2021 No 5% 10.45% 11.61% 23.69%
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% 0.49% 0.10% / 0.15% 3 0% / 100% Active Semi-annually 3 Days 4 Days PIE $132.01M 14/02/2013 Yes −0.22% 1.98% 3.61% 4.88% −1.36% 0.12% 2.55%
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% 0.79% 0.30% / 0.30% 5 100% / 0% Active Semi-annually 3 Days 4 Days PIE $171.4M 14/02/2013 No −1.20% 4.28% 2.59% 0.18% −0.56% 5.08% 9.23%
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% 0.33% 0.12% / 0.10% 5 100% / 0% Active Semi-annually 3 Days 4 Days PIE $229.89M 14/12/2021 No 5.51% 11.62% 9.00% 25.46%
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 1.09% 1.02% 0.20% / 0.20% 5 95% / 5% Active Semi-annually 3 Days 3 Days PIE $22.79M 11/11/2014 Yes −3.22% 3.58% −0.26% −0.95% −3.26% 3.64%
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 2.22% 1.69% 0.20% / 0.20% 4 30% / 70% Active 3 Days 3 Days PIE $78.81M 30/06/2014 No 6.14% 3.06% 4.11% 9.85% 11.80% 11.67%
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 1.14% 1.10% 0.20% / 0.20% 5 100% / 0% Active Semi-annually 3 Days 3 Days PIE $116.67M 30/06/2015 Yes −0.42% 3.78% 4.01% 2.71% 1.72% 6.68%
Smartshares 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 Smartshares International Equities 0.55% 0.55% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $142.04M 29/07/2015 No 3.46% 8.73% 5.02% 13.56% 4.59% 5.93%
Smartshares Australian Dividend ETF Invests in Australian shares and is designed to track the return on the S&P/ASX Dividend Opportunities Index. Managed Funds Smartshares Australasian Equities 0.54% 0.54% Market Driven 6 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $36.11M 16/12/2014 No −0.96% 6.94% 5.56% 7.50% 8.75% 6.87%
Smartshares 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 Smartshares Australasian Equities 0.54% 0.54% Market Driven 6 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $22.84M 07/04/2015 No 3.55% 14.92% 12.11% 13.80% 11.49% 8.51%
Smartshares 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 Smartshares 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 4.68% 9.96% 0.78% 3.65% 7.61% 9.66% 9.95%
Smartshares 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 Smartshares Listed Property 0.54% 0.54% Market Driven 6 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $51.14M 16/12/2014 No −0.61% 11.95% 1.73% −3.09% 2.33% 1.39%
Smartshares Australian Resources ETF Invests in Australian shares and is designed to track the return on the S&P/ASX 200 Resources Index. Managed Funds Smartshares Australasian Equities 0.54% 0.54% Market Driven 6 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $87.69M 07/04/2015 No −6.25% −3.23% −6.81% −4.14% 5.76% 8.67%
Smartshares Australian Top 20 ETF Invests in Australian shares and is designed to track the return on the S&P/ASX 20 Index. Managed Funds Smartshares Australasian Equities 0.60% 0.60% Market Driven 6 100% / 0% Passive 2 Days 3 Days Listed PIE $168.49M 27/02/1997 No −1.95% 8.05% 4.17% 5.02% 8.30% 8.77% 6.34%
Smartshares Automation and Robotics ETF Invests in international shares and is designed to track the return on the iSTOXX® FactSet Automation & Robotics Index. Managed Funds Smartshares International Equities 0.75% 0.75% Market Driven 6 100% / 0% Passive 2 Days 3 Days Listed PIE $58.61M 06/06/2019 No 3.52% 15.10% 13.13% 27.10% 7.60%
Smartshares Emerging Markets Equities ESG ETF Invests in emerging markets shares and is designed to track the return on the MSCI EM IMI ESG Screened Index. Managed Funds Smartshares International Equities 0.59% 0.59% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $35.33M 06/06/2019 No 3.24% 2.44% −1.65% 5.90% −2.61%
Smartshares 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 Smartshares International Equities 0.59% 0.59% Market Driven 5 100% / 0% Passive 2 Days 3 Days Listed PIE $136.51M 29/07/2015 No 3.85% 4.57% 0.56% 7.54% −0.14% 3.94%
Smartshares Europe Equities ESG ETF Invests in European shares and is designed to track the return on the MSCI Europe ESG Screened Index. Managed Funds Smartshares International Equities 0.55% 0.55% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $43.06M 06/06/2019 No 2.23% 7.40% 4.77% 13.94% 10.65%
Smartshares Europe ETF Invests in international shares and is designed to track the return on the FTSE Developed Europe All Cap Index. Managed Funds Smartshares International Equities 0.55% 0.55% Market Driven 6 100% / 0% Passive Quarterly 2 Days 3 Days Listed PIE $212.88M 29/07/2015 No 2.06% 6.83% 3.16% 10.25% 10.62% 8.52%
Smartshares Global Aggregate Bond ETF Invests in international bonds and is designed to track the return on the Bloomberg Barclays Global Aggregate Bond Index, hedged to the New Zealand dollar. Managed Funds Smartshares International Fixed Interest 0.30% 0.30% Market Driven 3 0% / 100% Active Quarterly 2 Days 3 Days Listed PIE $181.06M 06/06/2019 No 1.20% 2.78% 5.36% 7.18% −2.18%
Smartshares Global Bond ETF Invests in international bonds, with the objective of outperforming the Bloomberg Global Aggregate Bond Index by 1% per annum over rolling 3-year periods, hedged to the New Zealand dollar. The investment manager is PIMCO Australia Pty Ltd. Managed Funds Smartshares International Fixed Interest 0.54% 0.54% Market Driven 3 0% / 100% Passive 2 Days 3 Days Listed PIE $158.15M 12/11/2015 No −0.12% 1.59% 2.43% 3.76% −0.97% 1.18%
Smartshares Global Equities ESG ETF Invests in international shares and is designed to track the return on the MSCI World Ex Australia Custom ESG Leaders Index. Managed Funds Smartshares International Equities 0.54% 0.54% Market Driven 5 100% / 0% Passive 2 Days 3 Days Listed PIE $192.16M 06/06/2019 No 3.24% 11.94% 9.08% 28.84% 13.54%
Smartshares Healthcare Innovation ETF Invests in international shares and is designed to track the return on the iSTOXX® FactSet Breakthrough Healthcare Index. Managed Funds Smartshares International Equities 0.75% 0.75% Market Driven 6 100% / 0% Passive 2 Days 3 Days Listed PIE $25.2M 06/06/2019 No 4.33% 14.41% 0.42% 4.41% −5.64%
Smartshares Japan Equities ESG ETF Invests in Japanese shares and is designed to track the return on the MSCI Japan ESG Screened Index. Managed Funds Smartshares International Equities 0.55% 0.55% Market Driven 5 100% / 0% Active Quarterly 2 Days 3 Days Listed PIE $29.28M 06/06/2019 No 5.07% 13.47% 11.13% 24.42% 6.05%
Smartshares NZ Bond ETF Invests in New Zealand bonds, with the objective of outperforming the S&P/NZX A-Grade Corporate Bond Index over rolling 3-year periods. Managed Funds Smartshares New Zealand Fixed Interest 0.54% 0.54% Market Driven 3 0% / 100% Active Quarterly 2 Days 3 Days Listed PIE $400.07M 12/11/2015 No 0.03% 1.46% 2.80% 4.34% 0.27% 1.62%
Smartshares NZ Cash ETF Invests in New Zealand cash, with the objective of outperforming the S&P/NZX Bank Bills 90-Day Index over rolling 1-year periods. Managed Funds Smartshares Cash and Cash Equivalents 0.20% 0.20% Market Driven 1 0% / 100% Passive Semi-annually 2 Days 3 Days Listed PIE $560.79M 12/11/2015 No 0.44% 1.04% 2.09% 4.34% 2.42% 1.97%
Smartshares 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 Smartshares Australasian Equities 0.54% 0.54% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $84.28M 07/04/2015 No −3.91% −0.79% −4.77% −4.23% −0.19% 3.50%
Smartshares 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 Smartshares Australasian Equities 0.60% 0.60% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $142.76M 16/06/1997 No −0.06% 6.14% 1.19% −4.68% −2.55% 3.19% 10.21%
Smartshares 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 Smartshares Listed Property 0.54% 0.54% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $120.1M 12/11/2015 No −4.18% 3.38% −4.30% −4.34% −6.64% 0.81%
Smartshares 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 Smartshares Australasian Equities 0.60% 0.60% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $143.32M 11/06/1996 No −2.64% 1.97% 0.91% −0.73% −0.80% 5.35% 8.48%
Smartshares 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 Smartshares Australasian Equities 0.50% 0.50% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $618.57M 10/12/2004 No −1.38% 3.34% 0.42% −1.36% −1.43% 5.06% 9.71%
Smartshares S&P/ASX 200 ETF Invests in Australian shares and is designed to track the return on the S&P/ASX 200 Index. Managed Funds Smartshares Australasian Equities 0.30% 0.30% Market Driven 6 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $193.99M 15/07/2020 No −0.61% 7.94% 3.65% 6.02% 7.67%
Smartshares S&P/NZX 50 ETF Invests in New Zealand shares and is designed to track the return on the S&P/NZX 50 Index. Managed Funds Smartshares Australasian Equities 0.20% 0.20% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $699.75M 15/07/2020 No −1.16% 2.85% 1.79% −1.07% −1.20%
Smartshares Total World ETF Invests in international shares and is designed to track the return on the FTSE Global All Cap Index. Managed Funds Smartshares International Equities 0.40% 0.40% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $300.29M 29/07/2015 No 3.20% 9.95% 6.52% 22.33% 11.55% 11.56%
Smartshares US 500 ETF Invests in US shares and is designed to track the return on the S&P 500 Index. Managed Funds Smartshares International Equities 0.34% 0.34% Market Driven 5 100% / 0% Passive 2 Days 3 Days Listed PIE $698.41M 29/07/2015 No 4.03% 13.24% 9.44% 28.37% 17.42% 15.98%
Smartshares US Equities ESG ETF Invests in US shares and is designed to track the return on the MSCI USA ESG Screened Index. Managed Funds Smartshares International Equities 0.34% 0.34% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $62.31M 06/06/2019 No 4.58% 13.31% 11.15% 31.99% 16.05%
Smartshares 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 Smartshares International Equities 0.51% 0.51% Market Driven 6 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $322.07M 29/07/2015 No 3.58% 13.82% 14.03% 49.42% 17.53% 19.95%
Smartshares 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 Smartshares International Equities 0.51% 0.51% Market Driven 5 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $88.03M 29/07/2015 No 3.06% 11.22% 6.48% 13.43% 15.99% 11.87%
Smartshares US Mid Cap ETF Invests in US shares and is designed to track the return on the CRSP US Mid Cap Index. Managed Funds Smartshares International Equities 0.51% 0.51% Market Driven 6 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $83.57M 29/07/2015 No 3.26% 11.28% 7.01% 12.83% 10.89% 11.69%
Smartshares US Small Cap ETF Invests in US shares and is designed to track the return on the CRSP US Small Cap Index. Managed Funds Smartshares International Equities 0.51% 0.51% Market Driven 6 100% / 0% Passive Semi-annually 2 Days 3 Days Listed PIE $94.74M 29/07/2015 No 3.77% 14.17% 6.44% 13.64% 8.70% 10.49%
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% 1.85% 0% / 0% 2 0% / 100% Active Monthly 3 Days 30 Days PIE $10.01M 13/10/2021 No 0.57% 1.82% 3.70% 7.69%
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% 1.26% 0.26% / 0.26% 5 98% / 2% Active 2 Days 2 Days PIE $23.99M 17/06/2021 No −0.01% 5.52% 2.13% 6.41%
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% 0.66% 0.10% / 0.10% 5 98% / 2% Active 2 Days 2 Days PIE $269.8M 05/11/2021 Yes 1.77% 7.13% 6.84% 19.45%
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 $662.86M 13/12/2016 No 5.52% 12.46% 10.19% 28.09% 15.42% 14.59%
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 $1,256.12M 13/12/2016 No 4.85% 11.18% 12.67% 26.00% 9.60% 11.56%
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% 1.89% 0.25% / 0.25% 7 100% / 0% Active 2 Days 2 Days PIE $14.71M 14/09/2021 No 45.92% 65.67% 129.76% 165.83%

Important Information

  • For a description of what each column heading means, please click here.
  • The performance figures are for periods ending 29 February 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.
  • The Vanguard International Shares Select Exclusions Index Fund and Vanguard International Shares Select Exclusions Index Fund (Hedged) – NZD Class are subject to a transaction fee charge of 0.30% for all Buy Orders in addition to the applicable Buy/Sell Spread. 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.

We are introducing a transaction fee on all buy orders to cover costs associated with offering the Vanguard International Shares Select Exclusions Fund and Vanguard International Shares Select Exclusions – NZD Hedged Fund. These costs include currency, transaction, and custody costs to offer both funds.

No. There is currently no sell transaction fee associated with the Vanguard funds. If we introduce a sell fee, you will be given notice of the fee introduction in the same way we have communicated this buy fee.

No. We are not looking to introduce a transaction fee on any other funds offered by Fund Managers through the InvestNow platform.

The fee is 0.30% and will begin from 12pm on 25th March 2024. The fee is applicable to all buy orders into the two Vanguard funds – Vanguard International Shares Select Exclusions Index Fund and Vanguard International Shares Select Exclusions Index Fund (Hedged) – NZD Class. When you place the buy order through InvestNow, the transaction fee will be displayed in dollars.

As an example: From 12pm on March 25th, 2024, if you place an order for $1,000 on either of the Vanguard funds, there will be a $3 transaction fee to cover currency, custody, and transaction costs. After the transaction fee, the remaining amount that would go towards the fund would be $997 ($1,000 – {0.30% X $1,000}).

Please note, this transaction fee is charged by us (InvestNow), not Vanguard, and is additional to any fund-related fees charged by the Vanguard funds themselves.

InvestNow recently introduced a range of PIE funds through the Foundation Series funds that enables customers to access Vanguard’s low-cost global ETFs. You can find more information on the Foundation Series funds here, and the benefits include:

  1. Convenient, tax-efficient PIE-tax structure – Taxed at a maximum of 28% p.a. in contrast to the 39% maximum tax rate of the Vanguard AUTs
  2. Low in-fund management fees – Management fees starting from 0.03% p.a. and buy/sell transaction fees of just 0.50%
  3. Less withholding tax slippage – The new funds benefit from a tax offset on the non-resident withholding tax. Therefore, US dividends generated by the new funds will not experience the same level of withholding tax slippage as the Vanguard AUTs

You can also find a range of other suitable low-cost global shares funds here.

A buy/sell transaction fee is charged prior to any money being invested and never touches the fund (i.e. the company charging the buy/sell transaction fee retains the fee to pay for the costs of offering the investment. This includes currency, transaction, and custody costs).

A buy/sell spread is charged by the fund itself, to offset the costs of trading.

Both buy/sell transaction fees and buy/sell spreads have a similar impact on the end investor, in that it reduces the amount invested/received when transacting. The difference lies in whether this charge goes towards the fund (buy/sell spread) or external to the fund (buy/sell transaction fee).

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Vanguard Product Disclosure Statements

See here the Product Disclosure Statements for the Vanguard funds on InvestNow…

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