Fund-vs-fund · International Equities
Foundation Series Hedged Total World Fund vs SBS Wealth World Equity Portfolio
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.
What's different at a glance
- Foundation Series Hedged Total World Fund charges 1.11% lower in annual fund charges (0.07% vs 1.18%).
- 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 82 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Foundation Series
0.07%
Lowest 5% of cohort
SBS Wealth
1.18%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
Foundation Series
—
—
SBS Wealth
9.21%
Upper half over 5 years
Fund size
Larger = more stable, lower close-risk
Foundation Series
NZ$85m
Lower half by size
SBS Wealth
NZ$94m
Upper half by size
| Metric | Foundation Series | SBS Wealth | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.07% | 1.18% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | — | 9.21% | Higher is better (past not future) |
| Fund size | NZ$85m | NZ$94m | 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 | No | No | Specific exclusions live in each fund's SIPO. |
| Available via | InvestNow | 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
1
of each fund's top 10
Foundation Series weight in shared
0.0%
of Foundation Series Hedged Total World Fund top 10 is shared
SBS Wealth weight in shared
3.5%
of SBS Wealth World Equity Portfolio top 10 is shared
| Holding | Foundation Series | SBS Wealth |
|---|---|---|
| $ Cash at Bank (BNZ) NZ | 0.01% | 3.48% |
"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
Foundation Series
Foundation Series Hedged Total World Fund
The fund aims for high long-run returns by investing in an Exchange-Traded Fund ('ETF') that invests in shares of the large, mid-sized and small companies listed on international stock markets.Full Foundation Series Foundation Series Hedged Total World Fund profile →
SBS Wealth
SBS Wealth World Equity Portfolio
The Fund aims to achieve capital growth and returns over the long-term through investment primarily in a portfolio of international equities, either directly or indirectly via an underlying fund diversified across various sectors.Full SBS Wealth SBS Wealth World Equity Portfolio profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Foundation Series
LiveLast verified 2026-05-08
SBS Wealth
Common questions
What's the difference between the Foundation Series Hedged Total World Fund and the SBS Wealth World Equity Portfolio?
Which fund has lower fees, Foundation Series Hedged Total World Fund or SBS Wealth World Equity Portfolio?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
