Fund-vs-fund · International Equities
Clarity Global Shares FundvsHarbour Epoch Global Quality Select Equity Fund
Both are International Equities 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.
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 Global Shares Fund
Harbour Epoch Global Quality Select Equity Fund
No platform availability confirmed. Usually means it is bought directly from the manager — check their site.
What's different at a glance
- Harbour Epoch Global Quality Select Equity Fund charges 0.08% lower in annual fund charges (0.98% vs 1.06%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
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
Harbour
0.98%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
Clarity
13.56%
Top 10% over 5 years
Harbour
—
—
Fund size
Larger = more stable, lower close-risk
Clarity
NZ$208m
Upper half by size
Harbour
NZ$214m
Upper half by size
| Metric | Clarity | Harbour | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.06% | 0.98% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | 13.56% | — | Higher is better (past not future) |
| Fund size | NZ$208m | NZ$214m | 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 | — | Unhedged | 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.
Matching holdings
3
of each fund's top 10
Clarity weight in shared
11.3%
of Clarity Global Shares Fund top 10 is shared
Harbour weight in shared
11.8%
of Harbour Epoch Global Quality Select Equity Fund top 10 is shared
| Holding | Clarity | Harbour |
|---|---|---|
 NVIDIA CorpUS | 5.09% | 4.60% |
 Apple IncUS | 4.62% | 3.30% |
 Mastercard Inc-Class AUS | 1.56% | 3.89% |
"Min weight" = the smaller of the two weights — a conservative read of how much exposure you'd have to that position if you held both funds.
What each fund says it does
Clarity
Clarity Global Shares Fund
The Fund will provide actively managed exposure to international equities, and aims to generate a better return than the benchmark over the medium to long term. We use a global investment manager for this Fund, being MFS. MFS use a mix of fundamental and quantitative analysis to select companies.Full Clarity Clarity Global Shares Fund profile →
Harbour
Harbour Epoch Global Quality Select Equity Fund
The Fund�s objective is to provide long-term capital appreciation by investing primarily in a portfolio of securities of companies which are traded, listed or due to be listed, on recognised exchanges and/or markets throughout the world. The portfolio may include investments in the securities of companies traded, listed or due to be listed, on recognised exchanges and/or markets of developing countries.Full Harbour Harbour Epoch Global Quality Select Equity Fund profile →
Common questions
What's the difference between the Clarity Global Shares Fund and the Harbour Epoch Global Quality Select Equity Fund?
Which fund has lower fees, Clarity Global Shares Fund or Harbour Epoch Global Quality Select Equity Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
