Fund-vs-fund · International Equities
Antipodes Global Fund – Long (PIE)vsBetaShares Global Sustainability Leaders Fund
Antipodes Global Fund – Long (PIE) (fund size NZ$138.3 million, annual fund charge 0.99%) and BetaShares Global Sustainability Leaders Fund (fund size NZ$117.8 million, annual fund charge 0.77%) are both international equities managed funds, as shown on Sorted Smart Investor on 12 September 2026 and 22 May 2026 respectively.
Where you can buy these
Platform availability confirmed within the last 180 days. This is a statement of availability, not a recommendation — ManagedFundsNZ is not a Financial Advice Provider. Check the current PDS before investing.
Antipodes Global Fund – Long (PIE)
BetaShares Global Sustainability Leaders Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Why these two differ
Antipodes Global Fund – Long and BetaShares Global Sustainability Leaders Fund are both international equity funds domiciled in NZ, but differ materially in their risk profile and construction approach. BetaShares carries a risk indicator of 5 versus Antipodes' 4, reflecting higher expected volatility, though both hold roughly 98% growth assets. BetaShares' annual fund charge is 0.77%, compared to Antipodes' 0.99%, a 22-basis-point saving on a $100,000 investment.
The most significant structural difference is investment philosophy: BetaShares targets "Global Sustainability Leaders," evident in its top holdings (Broadcom 6.88%, NVIDIA 5.97%, Apple 4.25%), which reflect concentrated exposure to technology and ESG-aligned names. Antipodes takes a more diversified approach across sectors—its largest holding (Merck 3.6%) is healthcare, with financial services (Capital One 3.17%) and retail (Amazon, Brookdale) also represented across the top five.
Over the past five years, Antipodes delivered 13.09% annualised return. BetaShares' five-year return is not yet disclosed in the latest Quarterly Fund Update snapshot. Both funds sit marginally above $117–138 million in size.
For the most current information, verify both funds' Product Disclosure Statement and latest Quarterly Fund Update directly on FMA Disclose before making any investment decision.
Comparison generated 2026-10-12 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
What's different at a glance
- BetaShares Global Sustainability Leaders Fund charges 0.22% lower in annual fund charges (0.77% vs 0.99%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- BetaShares Global Sustainability Leaders Fund applies responsible-investment / ESG screening. The other fund does not.
Where each fund sits in its cohort
Percentile rank vs all 84 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Antipodes
0.99%
Upper half of cohort
BetaShares
0.77%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
Antipodes
13.09%
Top 13% over 5 years
BetaShares
—
—
Fund size
Larger = more stable, lower close-risk
Antipodes
NZ$138m
Upper half by size
BetaShares
NZ$118m
Upper half by size
| Metric | Antipodes | BetaShares | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.99% | 0.77% | Lower is better |
| Risk indicator (1–7) | 4 | 5 | Higher = more volatility |
| 5-year return p.a. | 13.09% | — | Higher is better (past not future) |
| Fund size | NZ$138m | NZ$118m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 98% / 2% | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | — | Unhedged | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | Yes | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
Portfolio overlap
How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.
Matching holdings
1
of each fund's top 10
Antipodes weight in shared
2.8%
of Antipodes Global Fund – Long (PIE) top 10 is shared
BetaShares weight in shared
6.0%
of BetaShares Global Sustainability Leaders Fund top 10 is shared
| Holding | Antipodes | BetaShares |
|---|---|---|
 NVIDIA CorporationUS | 2.77% | 5.97% |
"Min weight" = the smaller of the two weights — a conservative read of how much exposure you'd have to that position if you held both funds.
What each fund says it does
Antipodes
Antipodes Global Fund – Long (PIE)
The fund invests in the Antipodes Global Fund - Long - UCITS (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.Full Antipodes Antipodes Global Fund – Long (PIE) profile →
BetaShares
BetaShares Global Sustainability Leaders Fund
The fund aims to provide an investment return that tracks the performance of the Nasdaq Future Global Sustainability Leaders Index, before taking into account fees and expenses.Full BetaShares BetaShares Global Sustainability Leaders Fund profile →
Common questions
What's the difference between the Antipodes Global Fund – Long (PIE) and the BetaShares Global Sustainability Leaders Fund?
Which fund has lower fees, Antipodes Global Fund – Long (PIE) or BetaShares Global Sustainability Leaders Fund?
Are both funds PIE-taxed in NZ?
Does either fund apply responsible-investment screening?
Where can I read the official documents for these funds?
