Fund-vs-fund · International FI
BetaShares Australian Investment Grade Corporate Bond Fund (NZD Hedged) vs Summer Global Fixed Interest
Both are International FI 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
- BetaShares Australian Investment Grade Corporate Bond Fund (NZD Hedged) charges 0.53% lower in annual fund charges (0.34% vs 0.87%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- BetaShares Australian Investment Grade Corporate Bond Fund (NZD Hedged) is roughly 26.3× the size of the other fund.
Where each fund sits in its cohort
Percentile rank vs all 31 international fi funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
BetaShares
0.34%
Lowest 24% of cohort
Summer
0.87%
Highest 24% of cohort
5-year return p.a.
Past performance — not a predictor
BetaShares
—
—
Summer
0.20%
Bottom 23% over 5 years
Fund size
Larger = more stable, lower close-risk
BetaShares
NZ$28m
Smallest 21% in cohort
Summer
NZ$1m
Smallest 8% in cohort
| Metric | BetaShares | Summer | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.34% | 0.87% | Lower is better |
| Risk indicator (1–7) | 4 | 3 | Higher = more volatility |
| 5-year return p.a. | — | 0.20% | Higher is better (past not future) |
| Fund size | NZ$28m | NZ$1m | Larger = more stable, lower close-risk |
| Growth / income split | 0% / 100% | 0% / 100% | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | Hedged to NZD | — | 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
BetaShares
BetaShares Australian Investment Grade Corporate Bond Fund (NZD Hedged)
The Fund aims to provide an investment return that aims to track the performance of the Solactive Australian Investment Grade Corporate Bond Select TR NZD Hedged Index, before taking into account fees and expenses.Full BetaShares BetaShares Australian Investment Grade Corporate Bond Fund (NZD Hedged) profile →
Summer
Summer Global Fixed Interest
The Summer Global Fixed Interest fund invests in international fixed interest assets. We aim to achieve long-term returns (before fees, taxes and other expenses) greater than the Bloomberg Global Aggregate Total Return Index (hedged to New Zealand dollars).Full Summer Summer Global Fixed Interest profile →
Common questions
What's the difference between the BetaShares Australian Investment Grade Corporate Bond Fund (NZD Hedged) and the Summer Global Fixed Interest?
Which fund has lower fees, BetaShares Australian Investment Grade Corporate Bond Fund (NZD Hedged) or Summer Global Fixed Interest?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
