Fund-vs-fund · International FI

Coolabah Global Floating-Rate High Yield PIE FundvsFisher Funds Income Fund

Coolabah Global Floating-Rate High Yield PIE Fund (fund size NZ$22.7 million, annual fund charge 1.00%) and Fisher Funds Income Fund (fund size NZ$42.2 million, annual fund charge 0.99%) are both international fixed interest managed funds, as shown on Sorted Smart Investor on 22 May 2026; for the year to 31 March 2026 their 1-year returns after fees and tax were 3.71% and 2.52%, per their quarterly fund updates filed on FMA Disclose.

Coolabah

Coolabah Global Floating-Rate High Yield PIE Fund

PIE · capped at PIR (max 28%)balanced

Fisher Funds

Fisher Funds Income Fund

PIE · capped at PIR (max 28%)

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.

Coolabah Global Floating-Rate High Yield PIE Fund

No platform availability confirmed. Usually means it is bought directly from the manager — check their site.

Fisher Funds Income Fund

Available on InvestNow→

What's different at a glance

Annual fund charges are within 0.05% of each other (1.00% vs 0.99%).
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 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

Coolabah

1.00%

Highest 15% of cohort

Fisher Funds

0.99%

Highest 18% of cohort

5-year return p.a.

Past performance — not a predictor

Coolabah

—

Fisher Funds

2.20%

Top 10% over 5 years

Fund size

Larger = more stable, lower close-risk

Coolabah

NZ$23m

Smallest 18% in cohort

Fisher Funds

NZ$42m

Lower half by size

Metric	Coolabah	Fisher Funds	Lower / higher is
Annual fund charge	1.00%	0.99%	Lower is better
Risk indicator (1–7)	2	3	Higher = more volatility
5-year return p.a.	—	2.20%	Higher is better (past not future)
Fund size	NZ$23m	NZ$42m	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 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.

Sources:Coolabah on Sorted Fisher Funds on Sorted

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.

0 overlapping top-10 holdings. The two funds disclose disjoint top-10 sets — useful diversification signal if you held both.

What each fund says it does

Coolabah

Coolabah Global Floating-Rate High Yield PIE Fund

The Fund focusses on generating higher income than other traditional fixed income investments by investing in a floating-rate portfolio of investment-grade bonds and hybrid securities predominately issued by global banks, insurers and governments and enhancing the yields (or interest-rate) through the use of gearing (or leverage). The fund currently invests in an underlying fund managed by Coolabah Capital Investments (Retail) Pty Limited (Investment Manager) and targets a position of being fully hedged back to New Zealand dollars.

Full Coolabah Coolabah Global Floating-Rate High Yield PIE Fund profile →

Fisher Funds

Fisher Funds Income Fund

The fund aims to provide stable returns over the long term by investing in New Zealand and international fixed interest assets

Full Fisher Funds Fisher Funds Income Fund profile →

Documents

Crawled directly from each manager's website. How we record provenance →

Coolabah

Not yet crawled. View fund page for FMA Disclose link.

Fisher Funds

Live

Last verified 2026-05-08

Common questions

What's the difference between the Coolabah Global Floating-Rate High Yield PIE Fund and the Fisher Funds Income Fund?

Both are international fi funds available to NZ retail investors. Annual fund charges are within 0.05% of each other (1.00% vs 0.99%).

Which fund has lower fees, Coolabah Global Floating-Rate High Yield PIE Fund or Fisher Funds Income Fund?

Fisher Funds Income Fund has the lower annual fund charge (0.99% p.a. vs 1.00% p.a.). Source: each fund's most recent Quarterly Fund Update on the FMA Disclose register.

Are both funds PIE-taxed in NZ?

Yes. Both are NZ Portfolio Investment Entities (PIEs). Investor tax on the fund's income is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where can I read the official documents for these funds?

Both funds publish their Product Disclosure Statement (PDS), Statement of Investment Policy (SIPO) and Quarterly Fund Update (QFU) on the FMA Disclose register at disclose-register.companiesoffice.govt.nz. Always read the current PDS before investing.

Not sure which fund is right for you?

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Important: This comparison is general information only — not personalised financial advice. Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.