Fund-vs-fund · International Equities
Dimensional Global Sustainability PIE Fund (NZD Hedged) vs Harbour T. Rowe Price Global 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.
Why these two differ
The most material structural difference between these two funds is cost. The Harbour T. Rowe Price Global Equity Fund carries an annual fund charge of 1.21%, compared with 0.40% for the Dimensional Global Sustainability PIE Fund (NZD Hedged) — a gap of 0.81 percentage points that compounds meaningfully over time across both funds' similarly sized pools (Harbour at NZD $599m, Dimensional at NZD $686m).
Both funds sit in the International Equities category, share an identical risk indicator of 5 out of 7, and hold identical growth asset allocations of 98.31%. Their top-five holdings overlap significantly — NVIDIA, Apple, and Microsoft appear in both — though the Harbour fund's concentrated position in NVIDIA (5.68%) and a 3.36% weight to US Dollar cash are notable structural features, while the Dimensional fund reflects a sustainability screen in its name and holds no explicit cash position in its disclosed top five.
On performance, Harbour reports a five-year annualised return of 5.66%. Dimensional's five-year return is not available in this snapshot, meaning a like-for-like historical performance comparison cannot be made here. The Dimensional fund also carries NZD hedging in its mandate, which Harbour does not explicitly state, making currency exposure treatment another structural distinction for investors to examine.
Investors should verify all fees, returns, holdings, and mandate details against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any figures cited here.
Comparison generated 2026-07-05 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
- Dimensional Global Sustainability PIE Fund (NZD Hedged) charges 0.81% lower in annual fund charges (0.40% vs 1.21%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Dimensional Global Sustainability PIE Fund (NZD Hedged) applies responsible-investment / ESG screening. The other fund does not.
Where each fund sits in its cohort
Percentile rank vs all 81 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Dimensional
0.40%
Lower half of cohort
Harbour
1.21%
Highest 21% of cohort
5-year return p.a.
Past performance — not a predictor
Dimensional
—
—
Harbour
5.66%
Lower half over 5 years
Fund size
Larger = more stable, lower close-risk
Dimensional
NZ$686m
Largest 13% in cohort
Harbour
NZ$599m
Largest 14% in cohort
| Metric | Dimensional | Harbour | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.40% | 1.21% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | — | 5.66% | Higher is better (past not future) |
| Fund size | NZ$686m | NZ$599m | 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 to NZD | — | 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.
Matching holdings
4
of each fund's top 10
Dimensional weight in shared
13.6%
of Dimensional Global Sustainability PIE Fund (NZD Hedged) top 10 is shared
Harbour weight in shared
14.7%
of Harbour T. Rowe Price Global Equity Fund top 10 is shared
| Holding | Dimensional | Harbour |
|---|---|---|
 Nvidia Corp US | 4.96% | 5.68% |
 Apple Inc US | 5.00% | 3.99% |
 Amazon Com Inc US | 1.97% | 2.14% |
 Microsoft Corp US | 1.69% | 2.86% |
"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
Dimensional
Dimensional Global Sustainability PIE Fund (NZD Hedged)
The fund is expected to be fully invested. A portion of the portfolio may be allocated to cash and cash equivalents for liquidity purposes. The fund is not managed with the objective of achieving a particular return relative to a benchmark index. However, to compare the performance of the fund with a broad measure of market performance, reference may be made to the MSCI World ex Australia Index (net div., hedged to NZD).Full Dimensional Dimensional Global Sustainability PIE Fund (NZD Hedged) profile →
Harbour
Harbour T. Rowe Price Global Equity Fund
The Fund invests 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. It may include securities of companies traded on recognised exchanges of developing countries.Full Harbour Harbour T. Rowe Price Global Equity Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Dimensional
Harbour
LiveLast verified 2026-05-08
Common questions
What's the difference between the Dimensional Global Sustainability PIE Fund (NZD Hedged) and the Harbour T. Rowe Price Global Equity Fund?
Which fund has lower fees, Dimensional Global Sustainability PIE Fund (NZD Hedged) or Harbour T. Rowe Price Global Equity 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?
