Fund-vs-fund · International Equities
BetaShares Global Sustainability Leaders FundvsPie Growth UK & Europe Fund
BetaShares Global Sustainability Leaders Fund (fund size NZ$117.8 million, annual fund charge 0.77%) and Pie Growth UK & Europe Fund (fund size NZ$125.8 million, annual fund charge 1.85%) are both international equities managed funds, as shown on Sorted Smart Investor on 22 May 2026; Pie Growth UK & Europe Fund's 1-year return after fees and tax was 9.60% for the year to 31 March 2026, per its quarterly fund update filed on FMA Disclose.
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.
BetaShares Global Sustainability Leaders Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Pie Growth UK & Europe Fund
Why these two differ
Both funds target international equities with identical risk indicator 5 (high volatility), but differ materially in cost structure and asset allocation strategy. The most significant distinction is the annual fund charge: BetaShares Global Sustainability Leaders Fund costs 0.77%, while Pie Growth UK & Europe Fund costs 1.85%—a difference of 1.08 percentage points annually. Over a five-year holding period, this fee gap compounds substantially.
The funds also reflect different geographic and sector exposures. Pie Growth UK & Europe focuses on European securities (top holdings include Alzchem Group, Flatex Degiro, and Huber+Suhner), with growth assets representing 78.48% of the portfolio. BetaShares Global Sustainability Leaders holds predominantly US-listed technology and financial services companies (Broadcom, NVIDIA, Apple, Mastercard, Home Depot), with 98.31% in growth assets, indicating a more concentrated equity positioning.
Pie Growth UK & Europe reports a five-year annualised return of 0.98%. BetaShares' five-year return figure is not available in the latest Quarterly Fund Update snapshot. Fund sizes are comparable—Pie at NZD 125.8 million and BetaShares at NZD 117.8 million.
The "Sustainability Leaders" designation in BetaShares' name suggests an ESG screening methodology, whereas Pie's fund does not signal explicit sustainability criteria. Investors should verify current holdings, fee structures, and performance data against each fund's latest Product Disclosure Statement and Quarterly Fund Update on the FMA Disclose register before making any 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 1.08% lower in annual fund charges (0.77% vs 1.85%).
- 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
BetaShares
0.77%
Upper half of cohort
Pie Funds
1.85%
Highest 4% of cohort
5-year return p.a.
Past performance — not a predictor
BetaShares
—
—
Pie Funds
0.98%
Bottom 6% over 5 years
Fund size
Larger = more stable, lower close-risk
BetaShares
NZ$118m
Upper half by size
Pie Funds
NZ$126m
Upper half by size
| Metric | BetaShares | Pie Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.77% | 1.85% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | — | 0.98% | Higher is better (past not future) |
| Fund size | NZ$118m | NZ$126m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 78% / 22% | 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 | Yes | 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 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 →
Pie Funds
Pie Growth UK & Europe Fund
The Pie Growth UK & Europe Fund seeks to provide investors with long term capital growth by investing predominantly in a concentrated portfolio of hand-picked listed UK and European Smaller Companies, where Pie Funds considers value is greatest and the opportunity of earnings growth is high. The Pie Growth UK & Europe Fund may also invest in other types of financial products such as cash and unlisted equities.Full Pie Funds Pie Growth UK & Europe Fund profile →
Common questions
What's the difference between the BetaShares Global Sustainability Leaders Fund and the Pie Growth UK & Europe Fund?
Which fund has lower fees, BetaShares Global Sustainability Leaders Fund or Pie Growth UK & Europe 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?
