Fund-vs-fund · International Equities
Dimensional Global Sustainability PIE Fund vs Harbour T. Rowe Price Global Equity Fund (Hedged)
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 difference between these two funds is the annual fund charge: the Harbour T. Rowe Price Global Equity Fund (Hedged) discloses a 1.24% fee, while the Dimensional Global Sustainability PIE Fund discloses 0.40% — a gap of 0.84 percentage points that compounds meaningfully over time on equivalent starting capital. Both sit in the International Equities category, share an identical risk indicator of 5 (on a scale of 1–7), and carry a near-identical growth asset allocation of 98.31%, so the fee differential is the structurally dominant variable an investor must weigh.
A second distinction is currency treatment: the Harbour fund is hedged back to New Zealand dollars, which reduces exposure to currency fluctuations, while the Dimensional fund's name carries no hedged designation and the QFU snapshot in our data does not confirm a hedging policy — readers should verify this directly in the Dimensional PDS.
The Dimensional fund also incorporates an explicit sustainability screen, as its name signals, which may exclude companies the Harbour fund holds. Portfolio construction differs too: Harbour's approach, sub-advised by T. Rowe Price, results in higher individual-stock concentration (NVIDIA at 5.93%, Alphabet at 4.26%), whereas Dimensional's top holdings are more evenly spread (Apple 4.86%, NVIDIA 4.82%). Fund sizes are nearly identical — NZ$221.3 million versus NZ$221.7 million respectively. Five-year return data is absent for both funds in this snapshot.
Verify all figures against each fund's current product disclosure statement and latest quarterly fund update on FMA Disclose before relying on this summary.
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 charges 0.84% lower in annual fund charges (0.40% vs 1.24%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
- Dimensional Global Sustainability PIE Fund 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
1.24%
Highest 19% of cohort
5-year return p.a.
Past performance — not a predictor
Dimensional
—
—
Harbour
—
—
Fund size
Larger = more stable, lower close-risk
Dimensional
NZ$222m
Upper half by size
Harbour
NZ$221m
Upper half by size
| Metric | Dimensional | Harbour | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.40% | 1.24% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | — | — | Higher is better (past not future) |
| Fund size | NZ$222m | NZ$221m | 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
13.3%
of Dimensional Global Sustainability PIE Fund top 10 is shared
Harbour weight in shared
15.3%
of Harbour T. Rowe Price Global Equity Fund (Hedged) top 10 is shared
| Holding | Dimensional | Harbour |
|---|---|---|
 Nvidia Corp US | 4.82% | 5.93% |
 Apple Inc US | 4.86% | 4.16% |
 Amazon Com Inc US | 1.92% | 2.23% |
 Microsoft Corp US | 1.65% | 2.99% |
"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
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.).Full Dimensional Dimensional Global Sustainability PIE Fund profile →
Harbour
Harbour T. Rowe Price Global Equity Fund (Hedged)
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 recognized 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 recognized exchanges and/or markets of developing countries.Full Harbour Harbour T. Rowe Price Global Equity Fund (Hedged) 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 and the Harbour T. Rowe Price Global Equity Fund (Hedged)?
Which fund has lower fees, Dimensional Global Sustainability PIE Fund or Harbour T. Rowe Price Global Equity Fund (Hedged)?
Are both funds PIE-taxed in NZ?
Does either fund apply responsible-investment screening?
Where can I read the official documents for these funds?
