Fund-vs-fund · Listed Property
ANZ Investments OneAnswer International Property Fund vs Mint Australasian Property Fund
Both are Listed Property 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.
Why these two differ
The most material structural difference between these two funds is geographic exposure. The ANZ Investments OneAnswer International Property Fund holds global listed property securities — its five largest positions are all US-domiciled REITs, including Welltower Inc (9.9%), Equinix Inc (9.12%), and Digital Realty Trust Inc (5.17%), reflecting a tilt toward healthcare and data-centre infrastructure. The Mint Australasian Property Fund concentrates entirely on New Zealand-listed property, with Goodman Property Trust (18.69%), Precinct Properties NZ Ltd (18.57%), and Kiwi Property Group Ltd (16.6%) forming the core — a markedly more concentrated, domestically anchored portfolio.
This geographic distinction also explains the difference in risk indicators: ANZ's fund sits at 6 on the standard 1–7 scale, one notch above Mint's 5, consistent with the additional currency and global-market volatility inherent in an internationally invested portfolio. Both funds are almost entirely growth assets (ANZ 98.37%, Mint 98.31%).
On fees, Mint charges a marginally higher annual fund charge of 1.07% versus ANZ's 0.99%. On five-year returns, ANZ has returned 3.11% per annum against Mint's 2.51%, though past performance does not guarantee future results and differing market cycles affect each geography differently. Fund size differs notably: Mint holds approximately NZD 16.9 million under management compared with ANZ's NZD 7.1 million. Both funds are standalone managed funds, not KiwiSaver scheme accounts, though the ANZ PDS also covers a KiwiSaver scheme account offering — readers should confirm which product applies to their situation.
Verify all figures against each fund's current PDS and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 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
- ANZ Investments OneAnswer International Property Fund charges 0.08% lower in annual fund charges (0.99% vs 1.07%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Mint Australasian Property Fund is roughly 2.4× the size of the other fund.
Where each fund sits in its cohort
Percentile rank vs all 15 listed property funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
ANZ Investments
0.99%
Lower half of cohort
Mint
1.07%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
ANZ Investments
3.11%
Top 21% over 5 years
Mint
2.51%
Lower half over 5 years
Fund size
Larger = more stable, lower close-risk
ANZ Investments
NZ$7m
Smallest 3% in cohort
Mint
NZ$17m
Smallest 23% in cohort
| Metric | ANZ Investments | Mint | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.99% | 1.07% | Lower is better |
| Risk indicator (1–7) | 6 | 5 | Higher = more volatility |
| 5-year return p.a. | 3.11% | 2.51% | Higher is better (past not future) |
| Fund size | NZ$7m | 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.
What each fund says it does
ANZ Investments
ANZ Investments OneAnswer International Property Fund
The International Property Fund invests mainly in international listed property assets. Investments may include companies, funds or trusts that invest in property and are listed or are soon to be listed, and cash and cash equivalents. The International Property 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 International Property Fund profile →
Mint
Mint Australasian Property Fund
The Fund invests predominantly in Australasian listed property and property-related equities. The Fund is benchmarked against the S&P/NZX All Real Estate (Industry Group) Gross Index with an investment objective of outperforming the benchmark after fees and expenses, over the medium to long term.Full Mint Mint Australasian Property Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
ANZ Investments
Mint
LiveLast verified 2026-05-08
Common questions
What's the difference between the ANZ Investments OneAnswer International Property Fund and the Mint Australasian Property Fund?
Which fund has lower fees, ANZ Investments OneAnswer International Property Fund or Mint Australasian Property Fund?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
