Managed Fund Performance
See the past performance of the funds available through InvestNow
The performance figures in the table below are for periods ending 30 June 2025. The table includes all funds open to applications, through InvestNow, at the end of each calendar month. For information about funds held by InvestNow customers, that are no longer accepting applications, click here.
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Performance summary – all funds
| Fund | Description | Sector | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|
| AMP Aggressive Managed Fund | To provide a well-diversified portfolio that aims to provide growth, primarily through holding growth assets. The fund has a low allocation to income assets. | Diversified | 4.61% | -0.54% | 0.36% | – | – | – | – |
| AMP Balanced Managed Fund | To provide a well-diversified portfolio that has a balance of risk through holding growth assets and an allocation to lower-risk income assets. | Diversified | 2.68% | −0.32% | 0.71% | 9.49% | 7.48% | – | – |
| AMP Growth Managed Fund | 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. | Diversified | 3.76% | −0.60% | 0.36% | 10.59% | 8.53% | – | – |
| AMP International Shares Managed Fund | To provide a well-diversified portfolio that has exposure to diversified international equities of companies listed on stock exchanges. | International Equities | 5.24% | -1.00% | 0.49% | – | – | – | – |
| Antipodes Global Value Fund – 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. | International Equities | 2.59% | 3.05% | 8.38% | 20.57% | 16.38% | 14.26% | – |
| 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. | Australasian Equities | 1.91% | 7.63% | 4.11% | 7.55% | 7.01% | 10.69% | 4.10% |
| 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. | Diversified | 2.05% | 4.34% | 2.65% | 8.78% | 7.60% | 6.11% | 6.18% |
| 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. | Australasian Equities | 2.99% | 4.18% | −2.16% | 9.60% | 5.23% | 2.21% | 4.68% |
| 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. | International Equities | 2.52% | 3.39% | 0.04% | 12.52% | 12.94% | 11.01% | 9.72% |
| 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. | Australasian Equities | 2.76% | 3.75% | −2.99% | 8.92% | 5.31% | 1.51% | 7.85% |
| 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. | Listed Property | 2.30% | 5.78% | −0.61% | 7.72% | −1.08% | 0.50% | 4.58% |
| Bitcoin ETF PIE 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. | Other | 1.25% | 21.83% | 6.15% | 75.07% | 77.31% | – | – |
| 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. | International Fixed Interest | 1.39% | 3.35% | 5.63% | 4.74% | 1.81% | 0.88% | – |
| 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. | Diversified | 0.99% | 2.67% | 3.92% | 9.25% | 5.35% | 5.34% | – |
| 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%). | Australasian Equities | 1.58% | 2.39% | −3.25% | 5.09% | 5% | 2.43% | – |
| 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. | Australasian Equities | 1.10% | 6.01% | −0.56% | 7.28% | 8.14% | 9.46% | 7.59% |
| 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. | Australasian Equities | 1.53% | 6.95% | 3.07% | 9.85% | 11.47% | 12.00% | 7.39% |
| 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. | Australasian Equities | 2.17% | 7.77% | 5.71% | 11.98% | 7.66% | 9.42% | 7.69% |
| 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. | Australasian Equities | 1.42% | 4.81% | −0.32% | 8.64% | 8.77% | 9.19% | 8.20% |
| 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. | Listed Property | −1.48% | −3.27% | −1.82% | 14.95% | 5.33% | 8.85% | – |
| 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. | International Equities | 0.90% | 3.04% | −1.77% | 9.06% | 6.35% | 10.43% | 6.25% |
| 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. | International Equities | 7.36% | 12.81% | 5.19% | 19.06% | 12.54% | 10.48% | – |
| 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. | Australasian Equities | 1.74% | 10.48% | −1.07% | 5.57% | 13.88% | 10.48% | 9.96% |
| 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. | International Fixed Interest | 0.88% | 1.08% | 2.17% | 4.26% | 2.17% | −0.63% | 1.61% |
| 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. | Cash and Cash Equivalents | 0.33% | 0.89% | 1.83% | 4.68% | 4.50% | 2.64% | 2.34% |
| 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%). | Diversified | 0.92% | 2.02% | 1.76% | 6.54% | 5.44% | 2.59% | – |
| Fisher Funds Global Fund | The Global Fund aims to achieve capital growth over the long term by investing in international shares only. | International Equities | 2.10% | 3.17% | 0.39% | 7.78% | 12.28% | 10.48% | 8.41% |
| 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. | Diversified | 1.50% | 3.84% | 0.18% | 8.19% | 10.16% | 6.87% | – |
| 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. | International Fixed Interest | 0.53% | 1.12% | 2.34% | 7.97% | 6.65% | 2.72% | 3.35% |
| 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. | International Equities | 1.83% | 5.12% | −3.34% | 0.67% | 11.50% | 7.19% | 9.19% |
| 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. | New Zealand Fixed Interest | 0.77% | 1.30% | 1.92% | 7% | 4.37% | 0% | 2.47% |
| 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. | Australasian Equities | 0.04% | 2.53% | −4.46% | 12.80% | 10.41% | 4.35% | 10.52% |
| 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. | International Equities | 0.47% | 4.25% | 4.14% | 11.96% | 6.61% | 8.37% | 9.47% |
| 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%). | Australasian Equities | 0.90% | 6.56% | −2.93% | 9.35% | 12.02% | 6.99% | 10.71% |
| Foundation Series Balanced Fund | The Fund aims for mid-range 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. | Diversified | 1.99% | 3.69% | 2% | 9.83% | 9.81% | – | – |
| Foundation Series Global ESG Fund | The Fund aims for high long-run returns by investing in Exchange-Traded Funds (‘ETFs’) that invests in shares of large, mid-sized and small companies listed on international stock markets. The Fund incorporates certain responsible investment considerations and is exposed to investment strategies that seek to limit exposure to companies involved in particular business practices. 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 a composite index consisting of 67% FTSE USA All Cap Choice TR NZD Index and 33% FTSE Global All Cap ex USA Choice TR NZD Index. | International Equities | 3.30% | 4.63% | – | – | – | – | – |
| Foundation Series Growth Fund | The Fund aims for high 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. | Diversified | 2.30% | 4.42% | 1.37% | 10.91% | 11.82% | – | – |
| 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. | International Equities | 3.97% | 8.70% | 6.70% | 13.09% | – | – | – |
| 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. | International Equities | 4.97% | 10% | 5.22% | 13.05% | – | – | – |
| Foundation Series High Growth Fund | The Fund aims for high long-run returns by investing in a diversified portfolio of predominantly growth assets but with a small amount of income asset exposure. The Fund incorporates certain responsible investment considerations and is exposed to investment strategies that seek to limit exposure to companies involved in particular business practices. 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. The long-term returns from the Foundation Series High Growth Fund are likely to be higher and less stable than those of the Foundation Series Growth Fund. | Diversified | 3.33% | 5.96% | – | – | – | – | – |
| Foundation Series Nasdaq-100 Fund | The Fund aims for high long-run returns by investing in an Exchange-Traded Fund (‘ETF’) that invests in shares of the largest non-financial companies listed on the Nasdaq stock exchange. 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 Nasdaq-100 Notional Net Return Index®. | International Equities | 3.24% | – | – | – | – | – | – |
| 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. | International Equities | 2.93% | 3.89% | 1.78% | 16.53% | – | – | – |
| 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. | International Equities | 3.43% | 3.44% | −2.05% | 14.99% | – | – | – |
| Foundation Series US Dividend Equity Fund | The Fund aims for high long-run returns by investing in an Exchange-Traded Fund (‘ETF’) that invests in high dividend yielding shares issued by companies in the United States that have a record of consistently paying dividends. 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 Dow Jones U.S. Dividend 100 Index (NZD) TR. | International Equities | 0.56% | -0.10694 | – | – | – | – | – |
| 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. | Diversified | 3.80% | 7.33% | 1.83% | 12.14% | 15.57% | 10.18% | – |
| 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. | Diversified | 1.94% | 4.32% | 0.33% | 6.92% | 6.19% | 3.83% | – |
| 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. | Australasian Equities | 1.09% | 1.86% | −6.89% | 6.94% | 5.98% | 6.45% | 9.79% |
| 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. | Australasian Equities | 0.67% | 1.82% | −6.07% | 5.77% | 5.94% | 3.16% | 9.18% |
| 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. | Australasian Equities | 1.88% | 6.89% | 1.04% | 7.56% | 5.47% | 7.89% | 7.69% |
| 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). | Diversified | 1.03% | 3.05% | 1.21% | 8.80% | 7.01% | 6.09% | – |
| 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. | Australasian Equities | 0.57% | 0.39% | −2.65% | 2.91% | 3.87% | 4.44% | – |
| 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. | New Zealand Fixed Interest | 0.72% | 1.37% | 1.95% | 7.06% | 4.67% | 0.74% | 2.67% |
| 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. | New Zealand Fixed Interest | 0.79% | 1.40% | 2.32% | 7.69% | 5.35% | 1.50% | 3.08% |
| 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. | Australasian Equities | 1.88% | 2.66% | −1.57% | 10.57% | 4.60% | 3.95% | 8.21% |
| 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. | Listed Property | 2.59% | 6.04% | −1.08% | 7.48% | 1.33% | 3.39% | – |
| 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. | Diversified | 1.08% | 2.73% | 0.08% | 4.49% | 5.82% | – | – |
| 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. | Australasian Equities | 2.43% | 3.49% | −1.95% | 9.78% | 4.95% | – | – |
| 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. | International Equities | 2.56% | 4.74% | −1.10% | 10.21% | 15.73% | 9.89% | 11.19% |
| 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. | International Equities | 3.71% | 9.76% | 4.18% | 7.55% | 13.18% | – | – |
| 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. | International Fixed Interest | 1.27% | 1.37% | 2.89% | 5.44% | 3.67% | 0.71% | – |
| 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. | International Equities | 0.97% | – | −4.46% | 1.71% | 18.10% | 20.51% | – |
| 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. | International Equities | 3.32% | 13.02% | −3.57% | 21.39% | 30.16% | – | – |
| 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. | International Equities | 3.47% | 7.40% | 4.92% | 13.09% | 15.88% | 13.44% | – |
| 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. | Listed Property | 1.57% | 12.06% | 3.94% | 11.39% | 11.70% | 8.87% | 8.33% |
| 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. | International Equities | 2.67% | 5.61% | 3.60% | 16.87% | 19.07% | 16.31% | 11.65% |
| 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. | International Equities | 4.08% | 12.64% | 11.01% | 11.34% | 15.76% | 13.34% | 9.52% |
| 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. | International Equities | 3.46% | 3.95% | 6.91% | 12.60% | 7.50% | 6.29% | 4.62% |
| Mercer Sustainable 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. | Diversified | 1.84% | 3.83% | 1.68% | 6.75% | 7.25% | 6.29% | 5.36% |
| Mercer Responsible 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). | International Equities | 3.45% | 9.30% | 4.70% | 12.55% | 15.56% | 13.71% | 8.68% |
| Mercer Responsible 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. | International Fixed Interest | 0.85% | 1.18% | 2.23% | 4.52% | 2.22% | −0.89% | – |
| Mercer Responsible Trans-Tasman 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). | Australasian Equities | 0.38% | 1.94% | −5.87% | 7.39% | 6.23% | 3.68% | 9.53% |
| 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. | International Equities | 3.45% | 8.76% | 7.26% | 13.84% | 16.52% | 13.91% | 10.09% |
| 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. | Diversified | 0.80% | 2.11% | 0.32% | 5.32% | 4.97% | 4.20% | 5.37% |
| Mercer Macquarie Australian Shares Fund | The fund is a diversified portfolio of Australian shares across a range of industries and sectors. | Australasian Equities | 1.42% | 7.47% | 3.85% | 12.81% | 11.93% | 12.06% | 7.47% |
| 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. | International Fixed Interest | 0.68% | 1.73% | 2.70% | 6.38% | 5.23% | 2% | 2.19% |
| 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. | Other | −0.52% | 3.00% | 7.15% | 17.41% | 6.34% | 9.35% | 6.44% |
| 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. | Listed Property | 0.17% | 3.51% | 3.38% | 10.35% | 1.93% | 4.72% | 3.66% |
| 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. | Cash and Cash Equivalents | 0.28% | 0.85% | 1.88% | 4.57% | 4.81% | 3.09% | 2.61% |
| 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. | New Zealand Fixed Interest | 0.71% | 1.26% | 1.97% | 6.86% | 4.02% | −0.06% | 2.41% |
| 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. | New Zealand Fixed Interest | 0.57% | 1.12% | 2.08% | 7.09% | 4.87% | 2.18% | 2.89% |
| 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. | Diversified | 0.62% | 1.93% | 1.56% | 5.22% | 3.73% | 3.50% | 3.15% |
| 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. | Australasian Equities | 1.52% | 2.70% | −3.67% | 8.13% | 5.69% | 2.48% | – |
| 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. | Diversified | 1.69% | 5.20% | 5.50% | 12.92% | 12.76% | 10.79% | 10.24% |
| 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. | Diversified | 3.02% | 6.48% | 4.02% | 10.46% | 13.57% | – | – |
| 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. | Australasian Equities | 1.82% | 6.02% | 4.34% | 1.99% | 5.21% | 7.83% | – |
| 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. | Diversified | 1.40% | 4.08% | 4.53% | 10.40% | 9.49% | 8.10% | 7.98% |
| 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. | Cash and Cash Equivalents | 0.29% | 0.89% | 1.95% | 4.71% | 4.88% | 3.18% | – |
| 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. | Diversified | 0.94% | 2.50% | 3.65% | 9.34% | 7.23% | 4.26% | – |
| 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. | Diversified | 0.70% | 2.83% | 4.39% | 9.71% | 7.60% | 6.16% | 7.12% |
| 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. | International Fixed Interest | 1.09% | 1.65% | 3.30% | 7% | 5.39% | 2.26% | – |
| 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. | International Equities | 3.77% | 6.04% | 3.64% | 10.35% | 14.28% | 10.40% | 8.82% |
| 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. | New Zealand Fixed Interest | 0.47% | 1.37% | 2.76% | 7.84% | 6.17% | 2.33% | 3.69% |
| 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. | Australasian Equities | 1.08% | 6.71% | −0.57% | 7.30% | 9.93% | 7.80% | 10.48% |
| 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. | Australasian Equities | 1.28% | 3.90% | −2.95% | 7.42% | 8.31% | 2.46% | 8.94% |
| 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. | Listed Property | 2.55% | 6.26% | 0.31% | 6.79% | 0.60% | 1.45% | 4.75% |
| 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. | Diversified | 2.01% | 5.97% | 2.99% | 9.36% | 9.67% | 7.68% | – |
| 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. | Diversified | 1.00% | 2.49% | 1.72% | 8.38% | 5.96% | 3.41% | 4.10% |
| 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. | Australasian Equities | 2.01% | 3.26% | −4.00% | 9.11% | 6.53% | 2.65% | – |
| 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. | Australasian Equities | 2.94% | 3.77% | −5.92% | 2.05% | 5.19% | 3.19% | 7.65% |
| 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. | Australasian Equities | 1.70% | 2.55% | −5.39% | 5.54% | 5.41% | 2.88% | 8.90% |
| 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. | International Equities | 3.02% | 6.34% | 2.99% | 18.63% | 17.12% | 14.47% | – |
| 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. | International Equities | 3.79% | 9.89% | 7.17% | 14.52% | 14.19% | 11.67% | – |
| 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. | New Zealand Fixed Interest | 0.79% | 1.35% | 2.11% | 7.36% | 5.42% | 1.64% | 3.52% |
| 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. | Australasian Equities | 1.75% | 6.14% | 1.99% | 7.46% | 11.44% | 10.89% | 6.84% |
| 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). | Diversified | 1.46% | 3.11% | 2.06% | 7.72% | 7.54% | – | – |
| 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. | Australasian Equities | 2.67% | 3.51% | −3.18% | 9.07% | 4.95% | 3.96% | 9.36% |
| 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. | Diversified | 2.50% | 5.83% | 1.42% | 6.76% | 10.04% | – | – |
| 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. | Australasian Equities | 1.79% | 5.01% | −4.78% | 5.72% | 6.86% | 5.91% | – |
| 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. | Listed Property | 0.38% | 2.59% | 0.27% | 9.51% | 3.43% | 4.66% | – |
| 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. | International Equities | 3.63% | 8.19% | 2.50% | 7.72% | 14.84% | 13.01% | – |
| 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. | International Equities | 2.85% | 5.84% | 2.71% | 5.42% | 11.15% | 10.77% | 7.84% |
| 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. | Australasian Equities | 3.53% | 11.47% | 6.69% | 9.38% | 14.08% | 14.77% | 13.28% |
| 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. | International Equities | 4.00% | 10.29% | 3.12% | 5.09% | 11.75% | 7.69% | – |
| 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. | International Equities | 4.67% | 14.37% | 5.01% | 9.19% | 8.14% | 10.37% | – |
| 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. | Diversified | 0.72% | 1.73% | 2.55% | 7.88% | 6.21% | 4.29% | 4.78% |
| 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. | Australasian Equities | 1.22% | 2.92% | −3.84% | 5.70% | 5.00% | 2.87% | 9.18% |
| 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. | International Fixed Interest | 1% | 1.37% | 3.03% | 4.62% | 2.20% | −0.46% | 2.16% |
| 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. | Other | 0.17% | 5.00% | 10.06% | 20.18% | 9.67% | – | – |
| Russell Investments Global Shares Fund | Russell Investments Global Shares Fund is a PIE Fund providing exposure to an actively managed global shares portfolio. | International Equities | 2.23% | 1.77% | 0.88% | 13.89% | 15.18% | 13.79% | 9.59% |
| 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. | International Equities | 3.26% | 6.69% | 6.00% | 10.63% | 13.37% | 12.11% | 8.57% |
| 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. | International Equities | 3.86% | 9.41% | 7.04% | 13.43% | 16% | – | – |
| 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. | New Zealand Fixed Interest | 0.72% | 1.18% | 1.87% | 6.62% | 4.29% | 0.29% | 2.49% |
| 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. | Australasian Equities | 1.28% | 2.13% | −4.21% | 6.72% | 5.11% | 2.50% | 8.48% |
| 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. | International Equities | 2.84% | 4.36% | 1.84% | 16.55% | 17.93% | – | – |
| 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. | Listed Property | 2.33% | 7.13% | 3.93% | 10.93% | 0.94% | 2.65% | 6.38% |
| 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. | Australasian Equities | 1.48% | 0.83% | 5.49% | 15.88% | 15.09% | 17.07% | 10.43% |
| 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. | Australasian Equities | 2.09% | 5.04% | 0.35% | 15.22% | 9.59% | 5.98% | 9.69% |
| Smart Asia Pacific ETF | Invests in international shares and is designed to track the return on the FTSE Developed Asia Pacific All Cap Index. | International Equities | 2.58% | 6.18% | 6.89% | 14.91% | 11.77% | 8.37% | – |
| Smart Australian Dividend ETF | Invests in Australian shares and is designed to track the return on the S&P/ASX Dividend Opportunities Index. | Australasian Equities | 3.12% | 10.81% | 9.53% | 14.15% | 12.22% | 11.28% | 5.08% |
| 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. | Australasian Equities | 4.84% | 14.06% | 9.09% | 29.14% | 21.14% | 19.26% | 7.92% |
| 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. | Australasian Equities | 0.16% | 6.94% | 3.20% | 14.26% | 11.14% | 12.26% | 10.20% |
| 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. | Listed Property | 0.96% | 8.08% | 7.69% | 16.98% | 5.98% | 7.03% | 5.00% |
| Smart Australian Resources ETF | Invests in Australian shares and is designed to track the return on the S&P/ASX 200 Resources Index. | Australasian Equities | −2.02% | −0.76% | −0.77% | −6.25% | 2.78% | 8.43% | 7.98% |
| Smart Australian Top 20 ETF | Invests in Australian shares and is designed to track the return on the S&P/ASX 20 Index. | Australasian Equities | 2.28% | 7.15% | 2.51% | 10.48% | 11.83% | 12.23% | 7.14% |
| 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. | Australasian Equities | 1.67% | 7.44% | 3.55% | 12.33% | 11.70% | – | – |
| Smart Automation and Robotics ETF | Invests in international shares and is designed to track the return on the iSTOXX® FactSet Automation & Robotics Index. | International Equities | 4.87% | 10.55% | 1.78% | 17.16% | 18.74% | 12.80% | – |
| 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. | International Equities | 5.04% | 6.58% | 8.36% | 16.10% | 10.35% | 7.83% | – |
| 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. | International Equities | 1.89% | 2.89% | 3.22% | 15.20% | 9.22% | 7.56% | – |
| Smart Europe ESG ETF | Invests in European shares and is designed to track the return on the MSCI Europe ESG Screened Index. | International Equities | 1.37% | 4.88% | 15.38% | 18.48% | 18.41% | 13.27% | – |
| Smart Europe ETF | Invests in international shares and is designed to track the return on the FTSE Developed Europe All Cap Index. | International Equities | 1.22% | 5.00% | 15.24% | 19.00% | 17.38% | 12.92% | – |
| 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. | International Fixed Interest | −0.41% | 0.19% | 0.77% | 3.44% | 2.14% | −1.04% | – |
| 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. | International Fixed Interest | 0.80% | 1.39% | 2.32% | 3.46% | 2.73% | 0.88% | – |
| 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. | International Equities | 1.92% | 8.09% | 0.02% | 12.43% | 19.12% | 15.23% | – |
| Smart Healthcare Innovation ETF | Invests in international shares and is designed to track the return on the iSTOXX® FactSet Breakthrough Healthcare Index. | International Equities | 1.38% | −1.21% | −5.49% | 4.04% | 3.26% | 0.82% | – |
| Smart Japan ESG ETF | Invests in Japanese shares and is designed to track the return on the MSCI Japan ESG Screened Index. | International Equities | 1.19% | 5.03% | 5.30% | 14.71% | 14.78% | 9.00% | – |
| 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. | New Zealand Fixed Interest | 0.57% | 1.49% | 2.07% | 6.76% | 4.25% | 1.78% | – |
| 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. | Cash and Cash Equivalents | 0.10% | 1.17% | 2.08% | 5.11% | 4.58% | 3.08% | – |
| 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. | Australasian Equities | 4.01% | 9.00% | 2.73% | 13.71% | 4.47% | 6.22% | 7.31% |
| 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. | Australasian Equities | 2.94% | 2.79% | 3.73% | 17.40% | 4.55% | 4.69% | 8.89% |
| 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. | Listed Property | 2.50% | 7.20% | 1.43% | 9.00% | −0.12% | 0.71% | – |
| Smart NZ Top 10 ETF | Invests in New Zealand shares and is designed to track the return on the S&P/NZX 10 Index. | Australasian Equities | 1.47% | 3.10% | −8.78% | 2.19% | 5.62% | 0.57% | 8.15% |
| 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. | Australasian Equities | 1.73% | 2.96% | −2.44% | 9.67% | 4.29% | 4.01% | 8.55% |
| 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. | Australasian Equities | 1.98% | 3.15% | −4.44% | 8.08% | 5.61% | – | – |
| Smart Total World ETF | Invests in international shares and is designed to track the return on the FTSE Global All Cap Index. | International Equities | 2.37% | 6.48% | 1.74% | 15.74% | 17.24% | 14.24% | – |
| Smart US 500 ETF | Invests in US shares and is designed to track the return on the S&P 500 Index. | International Equities | 3.28% | 6.39% | −2.02% | 14.66% | 19.59% | 17.76% | – |
| Smart US ESG ETF | Invests in US shares and is designed to track the return on the MSCI USA ESG Screened Index. | International Equities | 4.28% | 7.16% | −1.99% | 15.81% | 20.77% | 18.15% | – |
| Smart US Large Growth ETF | Invests in US shares and is designed to track the return on the CRSP US Large Cap Growth Index. | International Equities | 4.95% | 13.89% | −1.17% | 16.84% | 25.73% | 18.38% | – |
| Smart US Large Value ETF | Invests in US shares and is designed to track the return on the CRSP US Large Cap Value Index. | International Equities | 3.24% | −0.23% | −2.14% | 12.85% | 12.99% | 15.65% | – |
| Smart US Mid Cap ETF | Invests in US shares and is designed to track the return on the CRSP US Mid Cap Index. | International Equities | 2.38% | 4.67% | −0.20% | 17.97% | 14.14% | 14.01% | – |
| Smart US Small Cap ETF | Invests in US shares and is designed to track the return on the CRSP US Small Cap Index. | International Equities | 1.97% | 2.46% | −8.12% | 10.47% | 12.18% | 12.78% | – |
| 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. | Other | 0.57% | 1.67% | 3.33% | 7.14% | 7.25% | – | – |
| 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. | Australasian Equities | 2.39% | 6.97% | 3.42% | 14.21% | 7.62% | – | – |
| 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. | International Equities | 0.78% | 1.71% | 7.23% | 21.44% | 17.56% | – | – |
| 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. | International Equities | 2.65% | 3.94% | 0.71% | 16% | 19.44% | 15.96% | – |
| 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. | International Equities | 3.75% | 9.25% | 6.10% | 13.00% | 17.40% | 14.06% | – |
Important Information
- For a description of what each column heading means, please click here.
- The performance figures are for periods ending 30 June 2025.
- 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.
The Foundation Series Core Equity Funds are subject to a transaction fee of 0.50% for all Buy Orders (Entry Fee) and 0.50% for all Sell Orders (Exit Fee). The Foundation Series Core Equity Funds consist of:
- Foundation Series US 500 Fund
- Foundation Series Hedged US 500 Fund
- Foundation Series Total World Fund
- Foundation Series Hedged Total World Fund
- Foundation Series US Dividend Equity Fund
- Foundation Series Global ESG Fund
- Foundation Series Nasdaq-100 Fund
Vanguard International Shares Select Exclusions Index Fund and Vanguard International Shares Select Exclusions Index Fund (Hedged) – NZD Class
- 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.