Fund-vs-fund · Australasian Equities
ANZ Investments OneAnswer Australian Share Fund vs Summer Australian Equities
Both are Australasian Equities funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
What's different at a glance
- Summer Australian Equities charges 0.07% lower in annual fund charges (1.02% vs 1.09%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Where each fund sits in its cohort
Percentile rank vs all 58 australasian equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
ANZ Investments
1.09%
Upper half of cohort
Summer
1.02%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
6.25%
Top 23% over 5 years
Summer
8.01%
Top 15% over 5 years
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$22m
Smallest 23% in cohort
Summer
NZ$17m
Smallest 20% in cohort
| Metric | ANZ Investments | Summer | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.09% | 1.02% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | 6.25% | 8.01% | Higher is better (past not future) |
| Fund size | NZ$22m | NZ$17m | 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 | — | — | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | No | 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
7
of each fund's top 10
ANZ Investments weight in shared
44.0%
of ANZ Investments OneAnswer Australian Share Fund top 10 is shared
Summer weight in shared
31.0%
of Summer Australian Equities top 10 is shared
| Holding | ANZ Investments | Summer |
|---|---|---|
 BHP Group Limited AU | 12.05% | 9.69% |
 Commonwealth Bank of Australia AU | 8.68% | 7.10% |
 CSL Limited AU | 5.12% | 3.52% |
 National Australia Bank Limited AU | 6.08% | 3.35% |
| RT Rio Tinto Limited AU | 4.14% | 2.72% |
| TE Telstra Corporation Limited AU | 4.85% | 2.35% |
 Goodman Group AU | 3.11% | 2.24% |
"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
ANZ Investments
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.The Australian Share Fund aims to achieve a return (after the fund charge and before tax) that over the long-term outperforms the relevant market index.Full ANZ Investments ANZ Investments OneAnswer Australian Share Fund profile →
Summer
Summer Australian Equities
The Summer Australian Equities fund invests mostly in Australian shares, and can invest in New Zealand listed shares where the company has meaningful operations in Australia. We aim to achieve long-term returns (before fees, taxes and other expenses) greater than the S&P/ASX 200 Accumulation Index, 50% hedged to the New Zealand dollar.Full Summer Summer Australian Equities profile →
Common questions
What's the difference between the ANZ Investments OneAnswer Australian Share Fund and the Summer Australian Equities?
Which fund has lower fees, ANZ Investments OneAnswer Australian Share Fund or Summer Australian Equities?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
