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 exclusively offshore listed property — its top five positions include US-listed healthcare REIT Welltower Inc (9.9%), data-centre operators Equinix Inc (9.12%) and Digital Realty Trust Inc (5.17%), and US retail landlords — meaning investors bear full international market and currency risk. The Mint Australasian Property Fund, by contrast, concentrates in New Zealand-listed property: Precinct Properties (19.77%), Kiwi Property Group (16.86%), and Goodman Property Trust (16.27%) dominate its top holdings, giving it a domestic or trans-Tasman orientation with correspondingly different currency dynamics.
This geographic distinction likely explains the divergence in risk indicator: ANZ's fund sits at 6 (higher) versus Mint's 5 (medium-higher) on the standard 1–7 scale. Both funds allocate nearly all assets to growth (98.37% and 98.31% respectively), so asset-class composition is effectively equivalent.
On fees, ANZ charges 0.99% annually versus Mint's 1.04% — a modest 5 basis-point difference. The five-year return figures diverge more sharply: ANZ records 3.11% per annum against Mint's 0.89%, though past returns do not indicate future performance and the different geographic universes mean these figures reflect distinct market conditions. Fund size also differs — Mint is roughly 2.7 times larger at NZD 19.3 million versus ANZ's NZD 7.1 million. Neither fund is a KiwiSaver scheme account offering based solely on these QFU data points.
Always verify current fees, returns, and holdings against each fund's Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any figures here.
Cached comparison generated 2026-05-21 from each fund's latest FMA Disclose QFU. Regenerated when the underlying facts change.
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 | InvestNow · Direct | InvestNow · 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
- Quarterly Fund Update312 kB · file fingerprint recorded
- Supporting document648 kB · file fingerprint recorded
- Annual Report361 kB · file fingerprint recorded
- Statement of Investment Policy158 kB · file fingerprint recorded
- Product Disclosure Statement1853 kB · file fingerprint recorded
- Supporting document1425 kB · file fingerprint recorded
- + 2 more on the fund page
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?
