Fund-vs-fund · International Equities
Clarity Dividend Yield FundvsPathfinder Global Responsibility Fund
Clarity Dividend Yield Fund (fund size NZ$126.7 million, annual fund charge 1.06%) and Pathfinder Global Responsibility Fund (fund size NZ$170.1 million, annual fund charge 0.93%) are both international equities managed funds, as shown on Sorted Smart Investor on 22 May 2026 and 12 September 2026 respectively; for the year to 31 March 2026 their 1-year returns after fees and tax were 19.63% and 16.58%, per their quarterly fund updates 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.
Clarity Dividend Yield Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
Pathfinder Global Responsibility Fund
What's different at a glance
- Pathfinder Global Responsibility Fund charges 0.13% lower in annual fund charges (0.93% vs 1.06%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Pathfinder Global Responsibility 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
Clarity
1.06%
Upper half of cohort
Pathfinder
0.93%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
Clarity
4.87%
Bottom 15% over 5 years
Pathfinder
10.42%
Upper half over 5 years
Fund size
Larger = more stable, lower close-risk
Clarity
NZ$127m
Upper half by size
Pathfinder
NZ$170m
Upper half by size
| Metric | Clarity | Pathfinder | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.06% | 0.93% | Lower is better |
| Risk indicator (1–7) | 4 | 5 | Higher = more volatility |
| 5-year return p.a. | 4.87% | 10.42% | Higher is better (past not future) |
| Fund size | NZ$127m | NZ$170m | 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 | Yes | 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
Clarity
Clarity Dividend Yield Fund
The Fund will provide actively managed exposure to dividend paying New Zealand and Australian equities. The Fund aims to generate higher dividend income than the benchmark over the medium to long term. It favours companies that we consider provide an attractive and sustainable dividend yield. We intend for the Fund to make quarterly income distributions.Full Clarity Clarity Dividend Yield Fund profile →
Pathfinder
Pathfinder Global Responsibility Fund
This Fund currently invests in international equities and listed property through Pathfinder’s wholesale Responsible Investment Fund, which (1) targets a portfolio of up to 300 companies and (2) applies our ethical investment approach.Full Pathfinder Pathfinder Global Responsibility Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Clarity
Pathfinder
LiveLast verified 2026-05-08
Common questions
What's the difference between the Clarity Dividend Yield Fund and the Pathfinder Global Responsibility Fund?
Which fund has lower fees, Clarity Dividend Yield Fund or Pathfinder Global Responsibility Fund?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Does either fund apply responsible-investment screening?
Where can I read the official documents for these funds?
